MAG Silver Notifies NYSE American Listing Removal in Form 25

Rhea-AI Filing Summary

MAG Silver Corp. submitted Form 25 notifying the removal of a class of its securities from listing and registration on NYSE American LLC. The notice cites compliance with the applicable Exchange and SEC rule provisions for delisting or voluntary withdrawal and includes the issuer's principal office address and telephone number. The Exchange certifies it has reasonable grounds to file Form 25 and that required procedures were followed.

Positive

• Exchange certification of procedural compliance indicating NYSE American followed required rules to file Form 25

Negative

• Class of securities will be removed from listing and/or registration on NYSE American, a material change to trading status

Insights

Corporate Governance Expert

TL;DR: Formal delisting/withdrawal notice filed; procedural compliance confirmed by the exchange.

The filing is a procedural notification that a class of MAG Silver Corp. securities will be removed from listing/registration on NYSE American. The form references the applicable SEC rule provisions governing strike/withdrawal and states the exchange has complied with its rules and has reasonable grounds for filing. The document provides issuer contact details but does not state the reason for removal, effective date, or whether the withdrawal is voluntary or involuntary.

Securities Analyst

TL;DR: Material event for shareholders—listing status change confirmed, but key specifics are absent.

Form 25 confirms a change in the trading/registration status of MAG's securities on NYSE American and cites relevant Exchange and SEC provisions. The exchange's certification indicates procedural steps were followed. The filing lacks transaction details, timing, or disclosures about trading alternatives for holders, limiting immediate analytic conclusions about market impact.

UNITED STATES

OMB APPROVAL

OMB Number:			3235-0080
Expires:	March 31, 2018
Estimated average burden
hours per response:			1.7

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 25

NOTIFICATION OF REMOVAL FROM LISTING AND/OR REGISTRATION
UNDER SECTION 12(b) OF THE SECURITIES EXCHANGE ACT OF 1934.

Commission File Number

001-33574

Issuer:	MAG SILVER CORP
Exchange:	NYSE AMERICAN LLC

(Exact name of Issuer as specified in its charter, and name of Exchange where security is listed and/or registered)

Address:	801 - 815 HASTINGS ST W
	Vancouver
Telephone number:					604-630-1399

(Address, including zip code, and telephone number, including area code, of Issuer's principal executive offices)

Common Stock

(Description of class of securities)

Please place an X in the box to designate the rule provision relied upon to strike the class of securities from listing and registration:

17 CFR 240.12d2-2(a)(1)

17 CFR 240.12d2-2(a)(2)

17 CFR 240.12d2-2(a)(3)

17 CFR 240.12d2-2(a)(4)

Pursuant to 17 CFR 240.12d2-2(b), the Exchange has complied with its rules to strike the class of securities from listing and/or withdraw registration on the Exchange. ¹

Pursuant to 17 CFR 240.12d2-2(c), the Issuer has complied with its rules of the Exchange and the requirements of 17 CFR 240.12d-2(c) governing the voluntary withdrawal of the class of securities from listing and registration on the Exchange.

Pursuant to the requirements fo the Securities Exchange Act of 1934, NYSE AMERICAN LLC certifies that it has reasonable grounds to believe that it meets all of the requirements for filing the Form 25 and has caused this notification to be signed on its behalf by the undersigned duly authorized person.

2025-09-04	By	Anthony Sozzi		Analyst, Market Watch
Date		Name		Title

¹ Form 25 and attached Notice will be considered compliance with the provisions of 17 CFR 240.19d-1 as applicable. See General Instructions.

Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What does MAG's Form 25 filing mean for MAG (MAG) shareholders?

The filing notifies that a class of MAG Silver Corp. securities will be removed from listing/registration on NYSE American; the document does not state the effective date or trading alternatives.

Which exchange is involved in the MAG Form 25 notice?

The notice concerns NYSE AMERICAN LLC, which certified it has reasonable grounds to file Form 25 and complied with applicable rules.

Does the Form 25 explain why MAG's securities are being removed?

No. The filing cites compliance with applicable rule provisions but does not provide a reason for the removal.

Are procedural requirements referenced in the filing?

Yes. The filing references the SEC rule provisions (17 CFR 240.12d2-2 series) and states the exchange complied with its rules for striking the class from listing/registration.

What issuer contact information is included in the Form 25?

The filing includes MAG Silver Corp.'s principal office address in Vancouver and a telephone number: 604-630-1399.