Every 10-Q that MAG MAGNA CORP (MGNC) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow MGNC and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full MGNC filings page.
Mag Magna Corp reports a sharp transition quarter as it pivots from poultry consulting to rare earth mineral mining. The company generated no revenue for the nine months ended January 31, 2026, compared with $23,726 a year earlier, and posted a net loss of $228,839.
Mag Magna closed a mineral rights purchase covering Illinois and Arizona properties, recognizing $1.9 million of mining assets financed by $300,000 in cash obligations and 2,000,000 shares valued at $1.6 million. Cash was only $26,400 with a working capital deficit of $475,137, and management disclosed substantial doubt about continuing as a going concern.
The capital structure changed significantly. Common shares outstanding increased to 7,829,047 at January 31, 2026, and later to 15,529,047 as of March 26, 2026, after adopting a 10,000,000-share stock incentive plan and issuing 7,300,000 shares to consultants. A single Series X preferred share with super-voting rights was issued to the new controlling officer, alongside earlier changes in control and new SEC registrations on Forms 8-A and S-8.
Mag Magna Corp. filed its quarterly report for the period ended October 31, 2025, showing it has shifted away from poultry-farming consulting and is preparing to focus on acquiring and developing rare earth mineral properties. The company reported no revenue for the six months ended October 31, 2025, compared with $21,334 a year earlier, and a net loss of $97,714, widening its accumulated deficit to $218,738. Total assets were $113,090, mainly prepaid expenses and intangible assets, against liabilities of $157,102, leaving a stockholders’ deficit of $44,012. Management states there is substantial doubt about the company’s ability to continue as a going concern and plans to rely on future financing and stock issuances. Subsequent events include two changes in control, authorization of 500,000,000 common and 1,000,000 preferred shares, creation of a super-voting Series X Preferred Stock, issuance of one Series X share to the new controlling shareholder, and a $300,000 cash plus 2,000,000-share mineral rights purchase agreement with required exploration spending in 2026 and 2027.
Mag Magna Corp. (MGNC) filed its Q1 FY2026 10‑Q for the quarter ended July 31, 2025. The company reported $0 revenue and a net loss of $90,425 versus a $14,026 loss a year ago, driven by higher general and administrative expenses of $90,425 (vs. $19,321). Management disclosed “substantial doubt” about the company’s ability to continue as a going concern.
Total assets were $120,379 (mainly $111,034 in intangible assets), liabilities were $157,102, and stockholders’ deficit was $36,723. Cash was reported as $0; operating cash use was $66,507, funded by net related‑party advances of $66,507.
On June 4, 2025, control changed hands: Wang Gang acquired 4,500,000 shares for $564,380.50 (about 77.20% of outstanding) and additional 142,372 shares for $17,846.50. A $137,000 related‑party loan forgiveness increased additional paid‑in capital. The company’s disclosure controls and procedures were deemed not effective. Common shares outstanding were 5,829,047 as of November 13, 2025.