Magma Silver (TSXV:MGMA)(OTC:MAGMF)
NEWS
Magma Silver Announces Proconsul Marketing Agreement
Newsfile Corp.
Newsfile Corp
Vancouver, British Columbia–(Newsfile Corp. – January 23, 2026) – Magma Silver Corp. (TSXV: MGMA) (OTCQB: MAGMF) (FSE: BC21) (WKN: A411DV) (the “Company” or “Magma“) is pleased to announce that it has entered into an investor relations agreement (the “Agreement“) dated January 23, 2026 with Proconsul Capital Ltd. (“Proconsul“), an arm’s length party to the Company. Pursuant to the Agreement, Proconsul has agreed to provide strategic communication services to the Company, in consideration for a fee of $7,000, plus applicable taxes per month during the term of the Agreement and the issuance of stock options in the Company (the “Consultant Options“). The Agreement is in effect until July 23, 2026, and renewable automatically on a month-to-month basis unless terminated by either party in accordance with the termination provisions contained in the Agreement. Proconsul’s business address is 100 Richmond St. W. Suite 200, Toronto, ON M5H 3K6 email: acurkovic@proconsulcapital.com, telephone: 416-577-9927. Proconsul currently owns no securities of the Company.
The Consultant Options are exercisable to purchase 150,000 common shares (each, a “Share“) in the capital of the Company at a price of $0.33 per Share, for a 2-year term. The Consultant Options vest 25% each of three, six, nine and twelve months. The Options were granted pursuant to the Company’s stock option plan.
AGORACOMThe Company also clarifies that the 128,409 Shares announced in its December 1, 2025 news release were issued at a deemed price of $0.22.
About Magma Silver Corp.
Magma Silver Corp. is a natural resources exploration company focused on acquiring, exploring, developing, and operating precious metal mining projects. Listed on the TSX Venture Exchange (“MGMA”), OTCQB (“MAGMF”), and Frankfurt Exchange (“BC21”), the Company’s primary focus is on exploring and developing the advanced Niñobamba pure silver-gold project in the mining-friendly country of Peru. Niñobamba spans an 8 km mineralized corridor in a prolific geological belt of a high-sulphidation and low-sulphidation epithermal system. Extensive exploration by Newmont Corporation, AngloGold Ashanti Limited, Bear Creek Mining Corporation, and Rio Silver Inc. has demonstrated significant resource potential for a low-cost open-pit mine, with over C$14.5 million invested to date. Magma Silver is advancing its Niñobamba project using modern geological modelling and a strategic development plan. The property has excellent infrastructure, strong relationships with local communities and a regional technical team with over 50 years of mining experience in Peru.
For further information, please contact Magma Silver Corp.:
Jason Baker, Chief Financial Officer
Phone: +1-604-252-2672
Email: info@magmasilver.comWebsite: www.magmasilver.com
Reader Advisory
This news release may contain forward-looking information within the meaning of applicable securities laws. All information and statements other than statements of current or historical facts contained in this news release are forward-looking information. Forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed here and elsewhere in Magma Silver Corp.’s periodic filings with Canadian securities regulators. When used in this news release, words such as “will”, “could”, “plan”, “estimate”, “expect”, “intend”, “may”, “potential”, “should,” and similar expressions, are forward- looking statements. The information provided in this document is necessarily summarized and may not contain all available material information. Forward-looking statements include those in relation to (i) the agreement with Porconsul and the performance thereof, (ii) the expected benefits to the Company from the agreement and the scope of services to be provided by Proconsu land (iii) the potential of the Niñobamba project. Although the Company believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can’t make any assurances that its expectations will be achieved. Such assumptions may prove incorrect. Although the Company has attempted to identify important factors that could cause actual results, performance, or achievements to differ materially from those contained in the forward- looking statements, there can be other factors that cause results, performance, or achievements not to be as anticipated, estimated, or intended. There can be no assurance that such information will prove to be accurate or that management’s expectations or estimates of future developments, circumstances, or results will materialize. As a result of these risks and uncertainties, no assurance can be given that any events anticipated by the forward-looking information in this news release will transpire or occur, or, if any of them do so, what benefits that the Company will derive therefrom. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements in this news release are made as of the date of this news release, and the Company disclaims any intention or obligation to update or revise such information, except as required by applicable law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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SOURCE Magma Silver Corp.
Magma Silver CEO Letter to Shareholders
Newsfile Corp.
Newsfile Corp
Vancouver, British Columbia–(Newsfile Corp. – January 13, 2026) –
Dear Shareholders,
Welcome to 2026. Magma Silver started 2025 without a project and in January acquired 100% control of Niñobamba, a primary silver asset in the mining-friendly country of Peru. This places Magma in a highly leveraged position relative to silver prices. By the end of 2025, we had a silver-gold asset that is drill-ready and permitted in a market that is significantly revaluing both precious metals. 2026 will be a year of confirming existing resources and meaningful expansion through an effective and intelligent utilization of a fully funded exploration program.
In 2025, Magma completed the acquisition of the controlling interest in Niñobamba on favorable business terms, established operations in Peru, and retained consultants to maintain a sound relationship with the affected communities. Our technical team, with a combined 60 years of experience in the Peruvian mining sector, reviewed vast amounts of historical data and conducted two field programs to verify the accuracy of known geological data and to collect additional samples to expand our knowledge base as a precursor to the upcoming 2026 drill program.
Magma had meaningful advancements on the corporate side during the year. We completed financings totaling $6.5M to fully fund our programs through 2026. Through these financings and warrant exercises, we ended the year with over $5M in the treasury. The oversubscribed $5M financing, which closed in October, was led by Research Capital and attracted a more mature investor audience, including Eric Sprott, who now holds a 13.4% fully diluted interest, marking an important shift toward a long-term shareholder base. Magma’s share price increased by 209% during 2025.
2026 will be an expansion and new discovery year for Magma. Niñobamba has been quietly waiting to show its potential. Drills will turn in Q1 on one segment of the project for the first time since 2010, and drilling and assay results are expected to continue throughout the year. Concurrently with drilling, our team will conduct surface sampling, trenching, and geological mapping on the balance of the project, in preparation for an expanded drill program on high-potential but not drill-tested silver and gold targets. Niñobamba is a shallow-to-near-surface project, so assayed samples from surface work will provide a meaningful indication of mineralization lying slightly deeper. We will begin adding compliant ounces to further support the project’s potential.
We will continue our efforts commenced in late 2025 to bring the Niñobamba project to the attention of the strategic long-term investment community through conferences, direct contact, and other media. We will maintain our relationship-building process with the affected local communities, as that is paramount to a successful long-term operation and of the utmost importance within our corporate philosophy.
Historical work by Newmont, AngloGold, Bear Creek, and Rio Silver indicated Niñobamba would be a viable mining operation at lower silver and gold prices. The two field programs conducted by Magma in August and September of 2025 confirmed and, in certain cases, exceeded the historical results. Highlights from the Joramina and Randypata programs included (news release dated October 30, 2025):
- Grab sampling on the Joramina zone returned 17g/mt to 300 g/mt silver and 0.50 g/mt to 14.56 g/mt gold, averaging 136 g/mt silver and 5.32 g/mt gold.
- Drift sampling on the Joramina zone returned a 5-metre composite returning 115.09 g/mt silver and 10m of 2.32 g/mt gold.
- Sampling close to the drift returned 0.70m of 395.19g/mt silver and 17.41 g/mt of gold.
- A random composite grab sample returned 242 g/mt silver and 0.20 g/mt gold from the undrilled Randypata zone 2 km silver anomaly.
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Silver prices rose by approximately 173% in 2025, and many forecast the trend to continue. Based on internal studies, including metallurgical testing and internal economic studies completed by Newmont, Niñobamba is anticipated to be a shallow, low-cost open-pit operation with projected low extraction and processing costs. Increases in silver price should go directly to the bottom line of any future mining operation.
2025 was an organizational year, and 2026 will be a year to start delivering on the promise of this project. We are taking the correct steps to position our company and shareholders to realize the potential of Niñobamba. Our efforts are designed to expand on historical results and create long-term incremental value for all stakeholders. We appreciate your continued support.
Sincerely,
Stephen Barley, Chairman & CEO
stephen.barley@magmasilver.com
www.magmasilver.com
Jeffrey Reeder, P.Geo, a Qualified Person as defined in National Instrument 43-101 and a Senior Technical Advisor of the Company, has prepared, or supervised the preparation of the assays and approved the scientific and technical disclosure contained in this communication.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This communication contains forward-looking statements and information under applicable Canadian securities laws. These statements relate to future events or future performance and include, but are not limited to, statements regarding the Company’s exploration plans for 2026 at the Niñobamba project, the timing and success of drilling programs, the potential for resource expansion and new discoveries, the project’s anticipated economics, future silver prices, and the Company’s community and investor relations initiatives. Such statements reflect management’s current beliefs and are based on assumptions made by and information currently available to the Company. Forward-looking statements are subject to known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially from those expressed or implied by the forward-looking statements. These risks include risks inherent in mineral exploration, the interpretation of drill results, the volatility of commodity prices, operational risks in Peru, the ability to secure necessary permits and financing, and reliance on historical data. The Company assumes no obligation to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. Readers are cautioned not to place undue reliance on forward-looking statements.
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SOURCE Magma Silver Corp.
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Magma Silver Announces Grant of Equity Incentive Stock Options
Newsfile Corp.
Newsfile Corp
Vancouver, British Columbia–(Newsfile Corp. – December 12, 2025) – Magma Silver Corp. (TSXV: MGMA) (OTCQB: MAGMF) (FSE: BC21) (WKN: A411DV) (the “Company” or “Magma“) announced that its board of directors has approved the grant of a total of 50,000 incentive stock options (the “Stock Options“) to certain of its directors, officers, consultants, and employees pursuant to the Company’s Stock Option Plan. Such Stock Options are exercisable into Common Shares at an exercise price of $0.27 per share for a period of 5 years from the date of grant. The Stock Options vest in four equal tranches every three months, commencing three months after the grant date. All Common Shares issued upon the exercise of the Stock Options will be subject to a hold period in Canada of four (4) months and one (1) day after the date of grant.
About Magma Silver Corp.
Magma Silver Corp. is a natural resources exploration company focused on acquiring, exploring, developing, and operating precious metal mining projects. Listed on the TSX Venture Exchange (“MGMA”), OTCQB (“MAGMF”), and Frankfurt Exchange (“BC21”), the Company’s primary focus is on exploring and developing the advanced Niñobamba pure silver-gold project in the mining-friendly country of Peru. Niñobamba spans an 8 km mineralized corridor in a prolific geological belt of a high-sulphidation and low-sulphidation epithermal system. Extensive exploration by Newmont Corporation, AngloGold Ashanti Limited, Bear Creek Mining Corporation, and Rio Silver Inc. has demonstrated significant resource potential for a low-cost open-pit mine, with over C$14.5 million invested to date. Magma Silver is advancing its Niñobamba project using modern geological modelling and a strategic development plan. The property has excellent infrastructure, strong relationships with local communities and a regional technical team with over 50 years of mining experience in Peru.
For more information, please visit our website at www.magmasilver.com.
Contact Information
Stephen Barley, Chairman & CEO
Phone: +1 (604) 252-2672
Email: ir@magmasilver.com
Website: www.magmasilver.com
X: @MagmaSilverCorp
Jason Baker, CFO & Director
Phone: +1 (604) 252-2672
Email: ir@magmasilver.com
Website: www.magmasilver.com
X: @MagmaSilverCorp
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains certain statements which constitute forward-looking statements or information under applicable Canadian securities laws, including statements relating to the use of proceeds raised under the Offering. Such forward-looking statements are subject to numerous known and unknown risks, uncertainties and other factors, some of which are beyond Magma’s control, which could cause actual results or events to differ materially from those stated, anticipated or implied in the forward-looking statements. These risks and uncertainties include general economic and capital markets conditions, and stock market volatility. Although Magma believes that the forward-looking statements in this news release are reasonable, they are based on factors and assumptions, based on currently available information, concerning future events, which may prove to be inaccurate. As such, readers are cautioned not to place undue reliance on the forward-looking statements, as no assurance can be provided as to future plans, operations, results, levels of activity or achievements. The forward-looking statements contained in this news release are made as of the date of this news release and, except as required by applicable law, Magma does not undertake any obligation to publicly update or to revise any of the forward-looking statements, whether as a result of new information, future events or otherwise.
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SOURCE Magma Silver Corp.
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Magma Silver Plans Drill Program at Niñobamba
Newsfile Corp.
Newsfile Corp
Vancouver, British Columbia–(Newsfile Corp. – December 1, 2025) – Magma Silver Corp. (TSXV: MGMA) (OTCQB: MAGMF) (FSE: BC21) (WKN: A411DV) (the “Company” or “Magma“) is pleased to provide an update on the planned drill program for Q1 2026. The drill program will consist of two phases with a total of 4,000 metres.
Stephen Barley, Chairman and CEO, stated: “The commencing of a drill program at Ninobamba is exciting and a major accomplishment. Newmont Mining Corp. (“Newmont”) spent US$7 m in historical work including 65 diamond drill holes with a focus on the Joramina zone. The drilling in conjunction with other extensive exploration activities, including a fatal flaw analysis, led to a positive internal report in 2011 with a significant conceptual non-complaint gold and silver resource. Magma has all Newmont work program results including drill logs, assay reports, and drill collar locations. These documents have provided Magma with a tremendous project knowledge advantage that increases the level of certainty in drill location and orientation providing the Company’s technical team with the information to design a drill program to confirm the Newmont results and to optimize the drilling program. This is a tremendous saving in terms of time and expenditures.”
The Company’s geologists have reviewed historical drilling conducted by Newmont and determined that the drilling was not oriented in the most optimal direction. The Company plans to modify the current permit to reflect the new drill sites. Adding or modifying new drill pads is permitted by the mining ministry in Peru as the new pads will be located in the area covered by the existing permit. Phase 1 will consist of 2,000 meters of drilling from Pad A. The purpose of the initial drilling is to determine the orientation and size of the gold zone intersected by Newmont. For reference, hole JOR-001 drilled in 2010 returned 72.3 metres of 1.19 g/t Au starting at a depth of 53 metres. The true widths of mineralization from this drill hole cannot be determined from a single hole. Further drilling is required to determine both the lateral and vertical extent of the mineralization intersected.
Phase 2 will be contingent on results from Phase 1. Phase 2 is planned to extend the Au-Ag mineralization. This phase will also test previously undrilled Au-Ag surface anomalies outlined by Newmont and confirmed by the Company’s geologist. The drilling will also test the Au-Ag mineralization exposed in a 160 m adit recently sampled by the Company. Drift sampling on the Joramina zone returned 10 metres of 2.32 grams per tonne gold and a five-metre composite returning 4.085 ounces (115.8 g) per ton of silver.
Proposed Expanded Exploration Program
Magma has allocated US$1,000,000 (CAD$1,400,000) for the Joramina exploration and drill program. This is a significant increase from the original drilling plan and is expected to allow the Company to thoroughly test and confirm the Newmont drilling results. Magma’s experienced technical team is currently planning the entire work program in conjunction with an independent NI 43-101 geologist. Magma will issue a news release outlining the Joramina program, drill locations and timing when it is available.
The following diagram shows the proposed drill program. Pad A is where the initial drilling will commence.
To view an enhanced version of this graphic, please visit:
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Qualified Person
Jeffrey Reeder, P.Geo, a qualified person as defined in National Instrument 43-101 and a Senior Technical Advisor of the Company, has prepared, supervised the preparation of, and approved the scientific and technical disclosure contained in this news release.
AGORACOM
The Company also announces that it has issued 128,409 common shares to AGORA Internet Relations Corp. in accordance with the investor relations services agreement previously disclosed on August 28, 2025.
About Magma Silver Corp.
Magma Silver Corp. is a natural resources exploration company focused on acquiring, exploring, developing, and operating precious metal mining projects. Listed on the TSV Venture Exchange (“MGMA”), OTCQB (“MAGMF”), and Frankfurt Exchange (“BC21”), the Company’s primary focus is on exploring and developing the advanced Niñobamba silver-gold project in the mining-friendly country of Peru. Niñobamba spans an 8 km mineralized corridor in a prolific geological belt of a high-sulphidation epithermal system. Extensive exploration by Newmont Corporation, AngloGold Ashanti Limited, Bear Creek Mining Corporation and Rio Silver, has demonstrated significant resource potential with over C$14.5 million invested to date. Magma is advancing its Niñobamba project using modern geological modelling and a strategic development plan. The property has excellent infrastructure, strong relationships with local communities and a regional technical team with over 50 years of mining experience in Peru.
For more information, please visit our website at www.magmasilver.com.
Contact Information
Stephen Barley, Chairman & CEO
Phone: +1 (604) 988-5870
Email: ir@magmasilver.com
Website: www.magmasilver.com
X: @MagmaSilverCorp
Jason Baker, CFO & Director
Phone: +1 (604) 988-5870
Email: ir@magmasilver.com
Website: www.magmasilver.com
X: @MagmaSilverCorp
Reader Advisory
This news release may contain forward-looking information within the meaning of applicable securities laws. All information and statements other than statements of current or historical facts contained in this news release are forward-looking information. Forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed here and elsewhere in Magma Silver Corp.’s periodic filings with Canadian securities regulators. When used in this news release, words such as “will”, “could”, “plan”, “estimate”, “expect”, “intend”, “may”, “potential”, “should”, and similar expressions are forward-looking statements. The information provided in this document is necessarily summarized and may not contain all available material information. Forward-looking statements include those in relation to (i) the planned drill program for Q1 2026, including its phases, scope, and objectives; (ii) the Company’s intention to modify the current permit to reflect new drill sites; (iii) the Company’s plans to further test and evaluate mineralisation identified in previous drilling by Newmont; and (iv) the timing of future news releases regarding the Joramina program, drill locations, and program commencement. Although the Company believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can’t make any assurances that its expectations will be achieved. Such assumptions may prove incorrect. Although the Company has attempted to identify important factors that could cause actual results, performance, or achievements to differ materially from those contained in the forward-looking statements, there can be other factors that cause results, performance, or achievements not to be as anticipated, estimated, or intended. There can be no assurance that such information will prove to be accurate or that management’s expectations or estimates of future developments, circumstances, or results will materialize. As a result of these risks and uncertainties, no assurance can be given that any events anticipated by the forward-looking information in this news release will transpire or occur, or, if any of them do so, what benefits that the Company will derive therefrom. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements in this news release are made as of the date of this news release, and the Company disclaims any intention or obligation to update or revise such information, except as required by applicable law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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SOURCE Magma Silver Corp.
Magma Silver Niñobamba Project Obtains Drill Permit
Newsfile Corp.
Newsfile Corp
Vancouver, British Columbia–(Newsfile Corp. – November 6, 2025) – Magma Silver Corp. (TSXV: MGMA) (OTCQB: MAGMF) (FSE: BC21) (WKN: A411DV) (the “Company” or “Magma“) is pleased to announce the granting of a drill permit to allow drilling on the Joramina zone and also provides an outline of a proposed exploration plan on the advanced Niñobamba silver gold project in Peru.
Stephen Barley, Chairman & CEO of Magma stated: “The Niñobamba project is comprised of three contiguous properties now controlled by Magma, totalling 4,100 hectares: the Joramina, Randypata, and the Niñobamba Main. The MINISTERIO DE ENERGÍA Y MINAS in Peru has granted a drill permit to commence drilling on the Joramina zone. This is an important milestone as drill permits are detailed and require a significant effort to obtain. Our Peruvian-based technical team, led by our General Manager, Carlos Agreda (see news release dated July 9, 2025) and supervised by our Senior Technical Advisor, Jeffrey Reeder, has the experience to apply for drilling permits successfully. The recent $5,000,000 private placement financing (see news release dated October 23, 2025) has provided Magma with the necessary funding to substantially increase the initial drill program on the Joramina zone. The Joramina zone was the focus of Newmont Corporation’s (“Newmont”) 2011 non-compliant internal report, which detailed a significant gold and silver resource. The Newmont report was based on US$1,200/ounce gold and US$20/ounce silver, the prevailing market prices at the time of the report.”
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Drill Permit
The permit was granted by the MINISTERIO DE ENERGÍA Y MINAS in Peru on October 17, 2025. The permit has a duration of fourteen (14) months from the date of issuance. The permit entitles Magma to drill from 20 drill pads. Multiple directional drilling can be completed from each drill pad. Magma believes the permit is sufficient to complete all planned drilling on the Joramina zone. The Company discovered a drift in the Joramina zone that Newmont did not report. During the recently completed Phase 2 work program, testing in and around the drift returned high-grade results, including 10 metres of 2.32 grams gold/tonne and a 5-metre composite returning 4.085 ounces silver/tonne. Sampling close to the drift on the Joramina zone returned 0.70 metres of 17.41 grams gold/tonne and 13.94 ounces silver/tonne. (see news release dated October 30, 2025). The Company may be able to drill from inside the drift, located within the Joramina zone. This would require a modification to the drill permit, which should be readily available.
Proposed Expanded Exploration Program
Magma has allocated US$1,000,000 (CAD$1,400,000) for the Joramina exploration and drill program. This is a significant increase from the original drilling plan and is expected to allow the Company to thoroughly test and confirm the Newmont drilling results. Magma’s experienced technical team is currently planning the entire work program in conjunction with an independent NI 43-101 geologist. Magma will issue a news release outlining the Joramina program, drill location, and timing when it is available.
Finder’s Fees
Further to the Company’s news release dated October 23, 2025, the Company advises that it has issued additional finder’s fees, resulting in an aggregate total of $298,797 in cash and 1,962,806 finder’s warrants.
Qualified Person
Jeffrey Reeder, P.Geo, a qualified person as defined in National Instrument 43-101 and a Senior Technical Advisor of the Company, has prepared, supervised the preparation of, and approved the scientific and technical disclosure contained in this news release.
About Magma Silver Corp.
Magma Silver Corp. is a natural resources exploration company focused on acquiring, exploring, developing, and operating precious metal mining projects. Listed on the TSV Venture Exchange (“MGMA”), OTCQB (“MAGMF”), and Frankfurt Exchange (“BC21”), the Company’s primary focus is on exploring and developing the advanced Niñobamba silver-gold project in the mining-friendly country of Peru. Niñobamba spans an 8 km mineralized corridor in a prolific geological belt of a high-sulphidation epithermal system. Extensive exploration by Newmont Corporation, AngloGold Ashanti Limited, Bear Creek Mining Corporation and Rio Silver, has demonstrated significant resource potential with over C$14.5 million invested to date. Magma is advancing its Niñobamba project using modern geological modelling and a strategic development plan. The property has excellent infrastructure, strong relationships with local communities and a regional technical team with over 50 years of mining experience in Peru.
For more information, please visit our website at www.magmasilver.com.
Contact Information
Stephen Barley, Chairman & CEO
Phone: +1 (604) 252-2672
Email: ir@magmasilver.com
Website: www.magmasilver.com
X: @MagmaSilverCorp
Jason Baker, CFO & Director
Phone: +1 (604) 252-2672
Email: ir@magmasilver.com
Website: www.magmasilver.com
X: @MagmaSilverCorp
Reader Advisory
This news release may contain forward-looking information within the meaning of applicable securities laws. All information and statements other than statements of current or historical facts contained in this news release are forward-looking information. Forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed here and elsewhere in Magma Silver Corp.’s periodic filings with Canadian securities regulators. When used in this news release, words such as “will”, “could”, “plan”, “estimate”, “expect”, “intend”, “may”, “potential”, “should,” and similar expressions are forward-looking statements. The information provided in this document is necessarily summarized and may not contain all available material information. Forward-looking statements include those in relation to (i) the Company’s intention to commence drilling on portions of the Joramina zone; (ii) the proposed exploration plan for the Niñobamba project; (iii) the Company’s expectation that the drill permit is sufficient to complete all planned drilling on the Joramina zone; (iv) the Company’s ability to drill from inside the drift located within the Joramina zone by obtaining a modification to the drill permit; and (v) the Company’s ability to test and confirm the Newmont drilling results. Although the Company believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can’t make any assurances that its expectations will be achieved. Such assumptions may prove incorrect. Although the Company has attempted to identify important factors that could cause actual results, performance, or achievements to differ materially from those contained in the forward-looking statements, there can be other factors that cause results, performance, or achievements not to be as anticipated, estimated, or intended. There can be no assurance that such information will prove to be accurate or that management’s expectations or estimates of future developments, circumstances, or results will materialize. As a result of these risks and uncertainties, no assurance can be given that any events anticipated by the forward-looking information in this news release will transpire or occur, or, if any of them do so, what benefits that the Company will derive therefrom. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements in this news release are made as of the date of this news release, and the Company disclaims any intention or obligation to update or revise such information, except as required by applicable law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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SOURCE Magma Silver Corp.
Magma Silver Niñobamba Phase 2 Work Program Results
Vancouver, British Columbia–(Newsfile Corp. – October 30, 2025) – Magma Silver Corp. (TSXV: MGMA) (OTCQB: MAGMF) (FSE: BC21) (WKN: A411DV) (the “Company” or “Magma“) is pleased to provide an update on the Q3 ongoing work program on the Joramina and Randypata properties on the advanced Niñobamba silver gold project in Peru.
Highlights:
- Drift sampling on the Joramina zone returned 10 metres of 2.32 grams Au/tonne and 5-metre composite returning 4.085 ounces Ag/tonne.
- Sampling close to the drift on the Joramina zone returned 0.70 metres of 17.41 grams Au/tonne and 13.94 ounces Ag/tonne.
- A random composite grab sample returned 0.20 grams Au/tonne and 8.55 ounces Ag/tonne on the undrilled Randypata 2 km silver anomaly.
Stephen Barley, Chairman & CEO of Magma stated: “The Niñobamba project is comprised of three contiguous properties now controlled by Magma, totalling 4,100 hectares: the Joramina, Randypata, and the Ninobamba Main. The Q3 work program consisted of sampling and additional geological mapping. The purpose of the exploration program was to validate the previous results and to aid in designing a drill program. Phase 1 and 2 results confirmed the accuracy of the historical Newmont results and, in some instances, exceeded the earlier results. Furthermore, geologic mapping shows that the previous drilling may not have been in the most optimal direction. Our geological team will determine a new drill direction. Community engagement has been excellent, and we appreciate the ir hard work during the initial two phases of work.”
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Phase 2 Q3 Work Program Results
The Phase 2 field campaign lasted 10 days and it was conducted by Senior Geologist Edgar Leon (see news release dated July 16, 2025) and Junior Geologist Miller Fernandez, with the support of six community members from the local Tunsulla community. The work was a continuation of the Phase 1 program summarized in the Company’s news release dated September 18, 2025.
The Phase 2 program focused on the Joramina and Randypata Zones. Several old mine workings were located and sampled in both exploration phases. A long, well-developed 157 metre drift trending with an azimuth of 120 degrees was located within the main Joramina area, yet it was never documented in any of the previous operator exploration programs. Thirty-one samples were taken from the drift in 5-meter composite chips. The best gold results show two consecutive samples returning 10 metres of 2.32 grams Au/tonne. The best silver result was a 5-metre composite returning 4.085 ounces Ag/tonne. The drift is within the area of the proposed drilling and is in excellent condition and may be used in the future for underground drill sites.
Additional surface sampling was conducted approximately 100 metres northeast of the drift confirming that the silver-gold mineralization is structurally controlled with several fractures and veinlets trending NE-SW dipping Northwest. One chip sample across 0.70 metres returned 17.41 grams Au/tonne and 13.94 ounces Ag/tonne. Galena (Lead Sulphide) and Sphalerite (Zinc Sulphide) are present in the veins but have not yet been assayed for these elements. The Company will assay some of the samples for lead and zinc when check assays are being performed.
Phase 2 program also included a brief surface review of the Randypata Zone. Twenty-one samples were taken over the historic 2-kilometre Ag anomaly. This area is untested by drilling. The best result came from an area where a road cut exposed a strongly oxidized breccia, where a random composite grab sample returned 0.20 grams Au/tonne and 8.55 ounces Ag/tonne. Follow-up work is required in this area to determine the extent of the Ag mineralization.
Magma is pleased with the results of the first two phases of the initial exploration programs. The Company is now convinced the previous drill programs did not adequately test the Joramina zones. A drill program will be designed to test the gold-silver mineralized structures with the optimal drill direction.
Seventy samples were collected during phase 2 and analyzed at the Independent Mining Lab Services based in Huancayo in south-central Peru. The analysis method was by fire assay, and every 10th sample will be re-assayed at another independent assay lab in Lima, Peru, for quality control.
Qualified Person
Jeffrey Reeder, P.Geo, a Qualified Person as defined in National Instrument 43-101 and a Senior Technical Advisor of the Company, has prepared, or supervised the preparation of the assays and approved the scientific and technical disclosure contained in this news release.
About Magma Silver Corp.
Magma Silver Corp. is a natural resources exploration company focused on acquiring, exploring, developing, and operating precious metal mining projects. Listed on the TSV Venture Exchange (“MGMA”), OTCQB (“MAGMF”), and Frankfurt Exchange (“BC21”), the Company’s primary focus is on exploring and developing the advanced Niñobamba silver-gold project in the mining-friendly country of Peru. Niñobamba spans an 8 km mineralized corridor in a prolific geological belt of a high-sulphidation epithermal system. Extensive exploration by Newmont Corporation, AngloGold Ashanti Limited, Bear Creek Mining Corporation and Rio Silver, has demonstrated significant resource potential with over C$14.5 million invested to date. Magma is advancing its Niñobamba project using modern geological modelling and a strategic development plan. The property has excellent infrastructure, strong relationships with local communities and a regional technical team with over 50 years of mining experience in Peru.
For more information, please visit our website at www.magmasilver.com.
Contact Information
Stephen Barley, Chairman & CEO
Phone: +1 (604) 252-2672
Email: ir@magmasilver.com
Website: www.magmasilver.com
X: @MagmaSilverCorp
Jason Baker, CFO & Director
Phone: +1 (604) 252-2672
Email: ir@magmasilver.com
Website: www.magmasilver.com
X: @MagmaSilverCorp
Reader Advisory
This news release may contain forward-looking information within the meaning of applicable securities laws. All information and statements other than statements of current or historical facts contained in this news release are forward-looking information. Forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed here and elsewhere in Magma Silver Corp.’s periodic filings with Canadian securities regulators. When used in this news release, words such as “will”, “could”, “plan”, “estimate”, “expect”, “intend”, “may”, “potential”, “should,” and similar expressions are forward-looking statements. The information provided in this document is necessarily summarized and may not contain all available material information. Forward-looking statements include those in relation to (i) the accuracy of the Newmont internal assessment and the Company’s ability to match future results with the Newmont results; (ii) the Company’s cost and timing expectations; (iii) and the check assays being tested by Inspectorate confirming the non-accredited assays. Although the Company believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can’t make any assurances that its expectations will be achieved. Such assumptions may prove incorrect. Although the Company has attempted to identify important factors that could cause actual results, performance, or achievements to differ materially from those contained in the forward-looking statements, there can be other factors that cause results, performance, or achievements not to be as anticipated, estimated, or intended. There can be no assurance that such information will prove to be accurate or that management’s expectations or estimates of future developments, circumstances, or results will materialize. As a result of these risks and uncertainties, no assurance can be given that any events anticipated by the forward-looking information in this news release will transpire or occur, or, if any of them do so, what benefits that the Company will derive therefrom. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements in this news release are made as of the date of this news release, and the Company disclaims any intention or obligation to update or revise such information, except as required by applicable law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this releas
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SOURCE Magma Silver Corp.
Magma Silver Announces Incentive Stock Options Grant
Newsfile Corp.
Newsfile Corp
Vancouver, British Columbia–(Newsfile Corp. – October 10, 2025) – Magma Silver Corp. (TSXV: MGMA) (OTCQB: MAGMF) (FSE: BC21) (WKN: A411DV) (the “Company” or “Magma“) announces the grant of 1,850,000 incentive stock options (the “Stock Options“) to certain of its directors, officers, consultants, and employees pursuant to the Company’s Stock Option Plan. The options are exercisable for a period of five years at CAD$0.20 per share.
About Magma Silver Corp.
Magma Silver Corp. is a natural resources exploration company focused on acquiring, exploring, developing, and operating precious metal mining projects. Listed on the TSV Venture Exchange (“MGMA”), OTCQB (“MAGMF”), and Frankfurt Exchange (“BC21”), the Company’s primary focus is on exploring and developing the advanced Niñobamba silver-gold project in the mining-friendly country of Peru. Niñobamba spans an 8 km mineralized corridor in a prolific geological belt of both a high-sulphidation and low-sulfidation epithermal system. Extensive exploration by Newmont Corporation, AngloGold Ashanti Limited, Bear Creek Mining Corporation and Rio Silver, has demonstrated significant resource potential with over CAD$14.5 million invested to date. Magma Silver is advancing its Niñobamba project using modern geological modelling and a strategic development plan. The property has excellent infrastructure, strong relationships with local communities and a regional technical team with over 50 years of mining experience in Peru.
For more information, please visit our website at www.magmasilver.com.
Contact Information
Stephen Barley, Chairman & CEO
Phone: +1 (604) 252-2672
Email: ir@magmasilver.com
Website: www.magmasilver.com
X: @MagmaSilverCorp
Jason Baker, CFO & Director
Phone: +1 (604) 252-2672
Email: ir@magmasilver.com
Website: www.magmasilver.com
X: @MagmaSilverCorp
Reader Advisory
This news release may contain forward-looking information within the meaning of applicable securities laws. All information and statements other than statements of current or historical facts contained in this news release are forward-looking information. Forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed here and elsewhere in Magma Silver Corp.’s periodic filings with Canadian securities regulators. When used in this news release, words such as “will”, “could”, “plan”, “estimate”, “expect”, “intend”, “may”, “potential”, “should,” and similar expressions are forward-looking statements. The information provided in this document is necessarily summarized and may not contain all available material information. Forward-looking statements include those in relation to (i) the accuracy of the Newmont internal assessment and the Company’s ability to match future results with the Newmont results. Although the Company believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can’t make any assurances that its expectations will be achieved. Such assumptions may prove incorrect. Although the Company has attempted to identify important factors that could cause actual results, performance, or achievements to differ materially from those contained in the forward-looking statements, there can be other factors that cause results, performance, or achievements not to be as anticipated, estimated, or intended. There can be no assurance that such information will prove to be accurate or that management’s expectations or estimates of future developments, circumstances, or results will materialize. As a result of these risks and uncertainties, no assurance can be given that any events anticipated by the forward-looking information in this news release will transpire or occur, or, if any of them do so, what benefits the Company will derive therefrom. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements in this news release are made as of the date of this news release, and the Company disclaims any intention or obligation to update or revise such information, except as required by applicable law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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SOURCE Magma Silver Corp.
Magma Silver Niñobamba Phase 1 Work Program Returns Significant Results Including 14.56g/mt Au and 10.59 oz/mt Ag
Vancouver, British Columbia–(Newsfile Corp. – September 18, 2025) – Magma Silver Corp. (TSXV: MGMA) (OTCQB: MAGMF) (FSE: BC21) (WKN: A411DV) (the “Company” or “Magma“) is pleased to provide an update on the Q3 ongoing work program on the Jorimina and Randypata properties on the advanced Niñobamba silver gold project in Peru.
Highlights:
- Phase 1 assays have confirmed or exceeded the historical Newmont Mining Corp. (“Newmont”) results.
- Four old mine workings located immediately north of the Jormina Central project were sampled with 5 samples averaging 5.32 g/mt Au and 4.812 oz/mt Ag. Results ranged from 0.50 g/mt to 14.56 g/mt Au and 0.604 oz/mt Ag to 10.594 oz/mt Ag.
- Phase 2 work program commenced this week, with results expected within the next few weeks.
Phase 1 Q3 Work Program Results
The Phase 1 field campaign lasted 10 days. It was conducted by Senior Geologist Edgar Leon (see news release dated July 16, 2025) and Junior Geologist Miller Fernandez, with the support of six community members from the local Tunsulla community. The main goal was to visit the Jorimina Central project (also known as the Red Zone) to collect geochemical samples and structural data on faults, veining, and fracturing. Additional visits were made to the surrounding areas of Jorimina SE, Rafaela, and Red Cliff. Community members from Tunsulla helped rehabilitate and improve access to the visited regions, particularly a road that had been abandoned since Newmont’s earlier work.
Seventy-five samples were collected during Phase 1 and analyzed at the independent Mining Lab Services based in Huancayo in South Central Peru. The analysis method was by fire assay, and every tenth sample will be re-assayed at another independent assay lab in Lima, Peru for quality control. The gold and silver sampling results showed good correlation with those obtained previously by Newmont: In Jorimina Central, where the strongest alteration and geophysical chargeability anomaly occur, 50 samples averaged 0.181 g/mt Au and 0.227 oz/mt Ag, with one sample (SA-035) reaching 1.0 g/mt Au.
- Four old mine workings located immediately north of the Jormina Central were sampled with 5 samples averaging 5.32 g/mt Au and 4.812 oz/mt Ag. Results ranged from 0.50 g/mt to 14.56 g/mt Au and 0.604 oz/mt Ag to 10.594 oz/mt Ag.
- In Jorimina NE, 10 samples averaged 0.135 g/mt Au and 0.0656 oz/mt Ag, with two samples showing 0.20 g/t Au.
- In Rafaela, 10 samples averaged 0.21 g/mt Au and 1.1652 oz/mt Ag, with a maximum of 0.4 g/mt Au and 7.0 oz/mt Ag (SA-067).
Stephen Barley, Chairman & CEO of Magma stated,
“The Niñobamba project is comprised of three contiguous properties now controlled by Magma, totalling 4,100 hectares: the Jorimina, Randypata, and the Niñobamba Main. The Q3 work program consists of sampling and additional geological mapping, which is divided into two phases. It is designed to confirm historical results on the Jorimina and Randypata properties and to assist in drill targeting and orientation for a planned drill program in Q4. The Phase 1 results have confirmed the accuracy of the historical Newmont results and, in some instances, have exceeded the earlier results. The Phase 2 work program has commenced this week, and the results are expected within the next few weeks. The Phase 2 program will focus on additional sampling of other property features, including the two km-long untested silver anomaly on the Randypata property. Community engagement has been excellent.”
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Jorimina and Randypata Properties – Newmont Mining Corp.
The historical exploration work conducted by Newmont on the Jorimina and Randypata properties consisted of 3,536 rock samples, 2,988 channel samples, ground magnetics, and 4,377 meters (Jorimina) and 3,504 meters (Randypata) of diamond drilling and assays. Results included: Hole JM1: from 53.1 to 125.4 (72.3m) 1.19 g/t gold and from 184.75 to 209.35 (24.6 m) 1.07 g/t of gold. Results and discussion are provided in Newmont’s internal report dated January 2010, “Informe Técnico y Geológic Proyecto Niñobamba Mayo – Diciembre 2009”. (See news release dated July 23, 2025.)
Newmont conducted more than two years of prospecting and exploration on only the Jorimina and Randypata properties at a total cost of CAD$10m. Newmont had no interest in the Niñobamba Main property that Bear Creek and AngloGold controlled. Newmont was focused on gold and did not drill test features such as the 2km long silver anomaly on the Randypata property.
Newmont prepared an internal report dated August 2011, on the results and conclusions from the exploration work conducted on Jorimina and Randypata. Newmont undertook a fatal flaw analysis and completed metallurgical testing. In this non-reported internal analysis, operating costs that were typically used in the industry at that time were considered in accordance with the scale of exploitation of the project and the type of mineral treatment. A conservative projection of prices for the price of gold and silver (gold: US $ 1,200 / ounce and silver: US $ 22 / ounce) were used. The estimated investments, based on a scale of operation for the project and infrastructure, were derived from examples of Peruvian mining operations. Based on this internal study, Newmont concluded that if the conceptual assumptions used in the assessment were verified, a medium-scale economic operation could be possible, and with the possibility of expanding the operation based on the potential of additional mineralization.
Readers are cautioned that the Newmont internal analysis is not compliant with National Instrument 43-101 requirements. The modelling was based on limited drilling and assumptions. The report will assist in guiding Magma on future exploration efforts. Magma’s Qualified Person has not verified the Newmont assessment or done sufficient work to classify the historical estimate as current. Magma does not consider the internal report to be a current economic assessment.
Qualified Person
Jeffrey Reeder, P.Geo, a qualified person as defined in National Instrument 43-101 and a Senior Technical Advisor of the Company, has prepared, or supervised the preparation of, and approved the scientific and technical disclosure contained in this news release.
About Magma Silver Corp.
Magma Silver Corp. is a natural resources exploration company with a focus on acquiring, exploring, developing, and operating precious metal mining projects. Listed on the TSV Venture Exchange (“MGMA”), OTCQB (“MAGMF”), and Frankfurt Exchange (“BC21”), the Company’s primary focus is on exploring and developing the advanced Niñobamba silver-gold project in the mining-friendly country of Peru. Niñobamba spans an 8 km mineralized corridor in a prolific geological belt of a high-sulphidation epithermal system. Extensive exploration by Newmont Corporation, AngloGold Ashanti Limited, Bear Creek Mining Corporation and others, has demonstrated significant resource potential with over C$14.5 million invested to date. Magma Silver is advancing its Niñobamba project using modern geological modelling and a strategic development plan. The property has excellent infrastructure, strong relationships with local communities and a regional technical team with over 50 years of mining experience in Peru.
For more information, please visit our website at www.magmasilver.com.
Contact Information
Stephen Barley, Chairman & CEO
Phone: +1 (604) 252-2672
Email: ir@magmasilver.com
Website: www.magmasilver.com
X: @MagmaSilverCorp
Jason Baker, CFO & Director
Phone: +1 (604) 252-2672
Email: ir@magmasilver.com
Website: www.magmasilver.com
X: @MagmaSilverCorp
Reader Advisory
This news release may contain forward-looking information within the meaning of applicable securities laws. All information and statements other than statements of current or historical facts contained in this news release are forward-looking information. Forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed here and elsewhere in Magma Silver Corp.’s periodic filings with Canadian securities regulators. When used in this news release, words such as “will”, “could”, “plan”, “estimate”, “expect”, “intend”, “may”, “potential”, “should,” and similar expressions are forward-looking statements. The information provided in this document is necessarily summarized and may not contain all available material information. Forward-looking statements include those in relation to (i) the accuracy of the Newmont internal assessment and the Company’s ability to match future results with the Newmont results; (ii) the Company’s cost and timing expectations; (iii) the Company will achieve the expected results from the Phase 2 work program on the timing anticipated by management, or at all; (iv) and the check assays being tested confirming with the assay results received. Although the Company believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can’t make any assurances that its expectations will be achieved. Such assumptions may prove incorrect. Although the Company has attempted to identify important factors that could cause actual results, performance, or achievements to differ materially from those contained in the forward-looking statements, there can be other factors that cause results, performance, or achievements not to be as anticipated, estimated, or intended. There can be no assurance that such information will prove to be accurate or that management’s expectations or estimates of future developments, circumstances, or results will materialize. As a result of these risks and uncertainties, no assurance can be given that any events anticipated by the forward-looking information in this news release will transpire or occur, or, if any of them do so, what benefits the Company will derive therefrom. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements in this news release are made as of the date of this news release, and the Company disclaims any intention or obligation to update or revise such information, except as required by applicable law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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SOURCE Magma Silver Corp.
Magma Silver Launches AGORACOM Cashless AI Marketing Program and Verified Discussion Forum
Vancouver, British Columbia–(Newsfile Corp. – August 28, 2025) – Magma Silver Corp. (TSXV: MGMA) (OTCQB: MAGMF) (FSE: BC21) (WKN: A411DV) (the “Company” or “Magma“) announces the launch of a 12-month online marketing campaign with AGORACOM (the “Campaign“) that will feature industry-leading AI generated content to reach investors of all demographics around the world. In addition, Magma will launch a Verified Forum on AGORACOM’s platform that will provide moderated, civilized engagement between management and shareholders. The Company will pay $0 in cash for the program, utilizing AGORACOM’s cashless, fully compliant shares-for-services program.
AGORACOM INDUSTRY LEADING ARTIFICIAL INTELLIGENCE CONTENT
As a pioneer of online investor relations and digital marketing for over 25 years, AGORACOM launched its AI Content Showcase on January 23, 2025. AGORACOM demonstrated how the use of Artificial Intelligence content will provide Magma with an ability to tell the Company’s story to a global investor audience, including:
- AI Movie Trailer – A Cinematic Presentation Of Our Story As A Movie Trailer
- Small Cap Odyssey – A Time Warp Journey Of Our Company’s Journey
- AI Avatars – A Demographic Mix Of Storytellers To Reach Different Audiences
- Multilingual Avatars – A Mix of French, German, Chinese, Spanish and Arabic Storytellers
Stephen Barley, CEO & Executive Chairman of Magma Silver Corp., stated, “At Magma Silver, we’re focused on unlocking the potential of silver and gold in Peru. Sharing our progress at the Niñobamba project is important, but traditional updates didn’t always capture the story. AGORACOM’s Artificial Intelligence content will help us connect more directly with investors, making sure our vision for advancing Niñobamba and creating lasting value in precious metals reaches the right audiences.”
SIGNIFICANT EXPOSURE THROUGH AGORACOM DIGITAL NETWORK
Magma will receive significant exposure through continuous brand impressions, content marketing, and social media engagement across the entire AGORACOM network.
VERIFIED FORUM FOR MANAGEMENT AND SHAREHOLDERS
AGORACOM Verified Forums for civil engagement between shareholders and management completes the engagement cycle by providing stakeholders with a community that provides full transparency and communications efficiency for companies and FUD protection from nefarious investors who use misinformation and disinformation to hurt companies.
George Tsiolis, Founder of AGORACOM, stated, “By integrating AI content with verified forums, we are addressing key communication challenges faced by small cap public companies. With artificial intelligence accelerating at exponential rates, small cap companies would have been left behind due to their lack of resources. AGORACOM’s platform helps bridge that gap, enabling small cap firms to manage their messaging and investor engagement more effectively.”
The Magma HUB, containing multiple landing pages, videos, photos, and other helpful information updated in real-time, can be found at:
https://agoracom.com/ir/MagmaSilverCorp
The Magma discussion forum can be found at:
https://agoracom.com/ir/MagmaSilverCorp
SHARES FOR SERVICES
FEES: $CDN 125,000 + HST. $25,000 worth of shares (+HST) will be issued in 5 instalments:
- $25,000 + HST shares for services at Commencement
- $25,000 + HST shares for services at the end of the third month: Nov 28, 2025
- $25,000 + HST shares for services at the end of the sixth month: Feb 28, 2026
- $25,000 + HST shares for services at the end of the ninth month: May 28. 2026
- $25,000 + HST shares for services at the end of the term: Aug 28, 2026
The deemed price of the securities to be issued will be determined after the date services are provided to the advertiser in each period, calculated using the closing price on the TSX Venture Exchange (the “TSXV“) on each of the dates as stated above. Although AGORACOM has pre-cleared the foregoing shares-for-services compensation structure with the TSX Venture Exchange, the issuance of Magma common shares to AGORACOM by the Company remains subject to TSXV acceptance.
About Magma Silver Corp.
Magma Silver Corp. is a natural resources exploration company with a focus on acquiring, exploring, developing, and operating precious metal mining projects. Listed on the TSV Venture Exchange (“MGMA”), OTCQB (“MAGMF”), and Frankfurt Exchange (“BC21”), the Company’s primary focus is on exploring and developing the advanced Niñobamba silver-gold project in the mining-friendly country of Peru. Niñobamba spans an 8 km mineralized corridor in a prolific geological belt of a high-sulphidation epithermal system. Extensive exploration by Newmont Corporation, AngloGold Ashanti Limited, Bear Creek Mining Corporation and others, has demonstrated significant resource potential with over C$14.5 million invested to date. Magma Silver is advancing its Niñobamba project using modern geological modelling and a strategic development plan. The property has excellent infrastructure, strong relationships with local communities and a regional technical team with over 30 years of mining experience in Peru.
For more information, please visit our website at www.magmasilver.com.
Contact Information
Stephen Barley, CEO & Executive Chairman
Phone: +1 (778) 960-9733
Email: stephen.barley@magmasilver.com
Jason Baker, CFO & Director
Phone: +1 (604) 252-2672
Email: ir@magmasilver.com
Website: www.magmasilver.com
X: @MagmaSilverCorp
Reader Advisory
This news release may contain forward-looking information within the meaning of applicable securities laws. All information and statements other than statements of current or historical facts contained in this news release are forward-looking information. Forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed here and elsewhere in Magma Silver Corp.’s periodic filings with Canadian securities regulators. When used in this news release, words such as “will”, “could”, “plan”, “estimate”, “expect”, “intend”, “may”, “potential”, “should,” and similar expressions, are forward-looking statements. The information provided in this document is necessarily summarized and may not contain all available material information. Forward-looking statements include those in relation to (i) the Company’s cost and timing expectations; (ii) AGORACOM providing leading AI generated content to reach investors all around the world; (iii) the Company will achieve the expected results from the Campaign; and (iv) TSXV approval of the compensation structure for the Campaign. Although the Company believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can’t make any assurances that its expectations will be achieved. Such assumptions may prove incorrect. Although the Company has attempted to identify important factors that could cause actual results, performance, or achievements to differ materially from those contained in the forward-looking statements, there can be other factors that cause results, performance, or achievements not to be as anticipated, estimated, or intended. There can be no assurance that such information will prove to be accurate or that management’s expectations or estimates of future developments, circumstances, or results will materialize. As a result of these risks and uncertainties, no assurance can be given that any events anticipated by the forward-looking information in this news release will transpire or occur, or, if any of them do so, what benefits that the Company will derive therefrom. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements in this news release are made as of the date of this news release, and the Company disclaims any intention or obligation to update or revise such information, except as required by applicable law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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SOURCE Magma Silver Corp.
Magma Silver Commences Q3 Work Program and Announces Near-Term Catalysts
Highlights:
- Work program underway to define drill targets
- Drilling planned for Q4 2025
- Upcoming catalysts for 2025 include reviewing potential acquisitions to broaden the silver and gold asset portfolio
Vancouver, British Columbia–(Newsfile Corp. – August 25, 2025) – Magma Silver Corp. (TSXV: MGMA) (OTCQB: MAGMF) (FSE: BC21) (WKN: A411DV) (“Magma“, or the “Company“) announces the commencement of the work program designed to evaluate and define targets for the planned Q4 drill program at the advanced Niñobamba silver-gold project in Peru. The drill program will follow up on previous work to optimize drilling directions and to identify new drill site locations.
Stephen Barley, Chairman & CEO, stated, “We are excited to advise that our exploration team is now on site at the advanced Niñobamba silver-gold project. The program will focus on the Jorimina and Randypata areas. The work being carried out will assist in refining drill targets for our planned Q4 drill program and expand our overall technical knowledge of the style and extent of the mineralized zones. The work program will be led by Senior Geologist, Edgar Leon (see news release dated July 16, 2025) and supervised by Jeffrey Reeder, P. Geo., Senior Technical Advisor.”
Near-Term Catalysts
- The pre-drilling work program will be completed by the end of Q3 2025, with results from rock samples expected in the same period.
- Drilling at Jorimina is anticipated to commence in Q4 2025, with results expected before the end of the year.
- Magma is reviewing potential acquisitions to broaden exposure to silver and gold assets.
Figure 1: shows the locations of the Jorimina and Randypata zones.
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Figure 2: Newmont’s Historic Drill Location on the Jorimina Zone.
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Qualified Person
Jeffrey Reeder, P.Geo, a qualified person as defined in National Instrument 43-101 and a Senior Technical Advisor of the Company, has prepared, supervised the preparation or approved of the scientific and technical disclosure contained in this news release.
About Magma Silver Corp.
Magma Silver Corp. is a natural resources exploration company with a focus on acquiring, exploring, developing, and operating precious metal mining projects. Listed on the TSV Venture Exchange (“MGMA”), OTCQB (“MAGMF”), and Frankfurt Exchange (“BC21”), the Company’s primary focus is on exploring and developing the advanced Niñobamba silver-gold project in the mining-friendly country of Peru. Niñobamba spans an 8 km mineralized corridor in a prolific geological belt of a high-sulphidation epithermal system. Extensive exploration by Newmont Corporation, AngloGold Ashanti Limited, Bear Creek Mining Corporation and others has demonstrated significant resource potential with over C$14.5 million invested to date. Magma Silver is advancing its Niñobamba project using modern geological modelling and a strategic development plan. The property has excellent infrastructure, strong relationships with local communities and a regional technical team with over 60 years of mining experience in Peru.
For more information, please visit our website at www.magmasilver.com.
Contact Information
Stephen Barley, Chairman & CEOPhone: +1 (604) 252-2672
Email: stephen.barley@magmasilver.com
Jason Baker, CFO & DirectorPhone: +1 (604) 252-2672
Email: ir@magmasilver.com
Website: www.magmasilver.comX: @MagmaSilverCorp
Reader Advisory
This news release may contain forward-looking information within the meaning of applicable securities laws. All information and statements other than statements of current or historical facts contained in this news release are forward-looking information. Forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed here and elsewhere in Magma Silver Corp.’s periodic filings with Canadian securities regulators. When used in this news release, words such as “will”, “could”, “plan”, “estimate”, “expect”, “intend”, “may”, “potential”, “should,” and similar expressions, are forward- looking statements. The information provided in this document is necessarily summarized and may not contain all available material information. Forward-looking statements include those in relation to (i) the accuracy of the historical work conducted by Newmont, and (ii) the expected benefits to the Company from the work program. Although the Company believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can’t make any assurances that its expectations will be achieved. Such assumptions may prove incorrect. Although the Company has attempted to identify important factors that could cause actual results, performance, or achievements to differ materially from those contained in the forward-looking statements, there can be other factors that cause results, performance, or achievements not to be as anticipated, estimated, or intended. There can be no assurance that such information will prove to be accurate or that management’s expectations or estimates of future developments, circumstances, or results will materialize. As a result of these risks and uncertainties, no assurance can be given that any events anticipated by the forward-looking information in this news release will transpire or occur, or, if any of them do so, what benefits the Company will derive therefrom. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements in this news release are made as of the date of this news release, and the Company disclaims any intention or obligation to update or revise such information, except as required by applicable law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/263359
SOURCE Magma Silver Corp.
Magma Silver Q3 Drilling Preparation Work Program
Vancouver, British Columbia–(Newsfile Corp. – July 30, 2025) – Magma Silver Corp. (TSXV: MGMA) (OTCQB: MAGMF) (FSE: BC21) (WKN: A411DV) (the “Company” or “Magma“) is pleased to announce the commencement of a summer work program designed to evaluate and define targets for the planned Q4 drill program that will follow-up on previous work to identify new drill site locations at the advanced Niñobamba silver-gold project in Peru.
Stephen Barley, Chairman & CEO, stated, “We are excited to start a work program at the advanced Niñobamba silver-gold project focused on the Jorimina and Randypata deposits. As announced in our news release dated July 23, 2025, the Tunsulla community access agreement is in place for these two project areas, allowing the Company full access to conduct exploration activities. The work being carried out will assist in refining drill targets for our planned Q4 drill program as well as expand our overall knowledge of the deposits.”
Q3 Work Program
The historical drilling by Newmont Corporation (“Newmont”) on the Jorimina and Randypata deposits consisted of 3,536 rock samples, 2,988 channel samples, ground magnetics, and 4,377 meters (Jorimina) and 3,504 meters (Randypata) of drilling and assays. Results included: Hole JM1: 53.1 to 125.4 (72.3m) 1.19 g/t of gold and hole JM1: 184.75 to 209.35 (24.6 m) 1.07 g/t of gold. Results and discussion are provided in Newmont’s internal report dated January 2010, “Informe Técnico y Geológic Proyecto Niñobamba Mayo – Diciembre 2009”. (See news release dated July 23, 2025.)
The work conducted by Newmont mainly focused on gold. The historical drilling program conducted was widely spaced diamond drill holes. Management believes that Newmont’s work should be followed up on as they may have missed significant mineralized silver and gold zones. Tighter drill space around JM-01 is required to better understand the nature and orientation of the mineralized zone. The work program will focus on refining drill targets and examine overlooked zones which contain surface silver-gold anomalies. As an example, the prospective Randypata silver zone exhibits a 2 km long silver anomaly that has never been drilled. The work program will be led by Senior Geologist, Edgar Leon (see news release dated July 16, 2025) and supervised by Jeffrey Reeder, P. Geo., Senior Technical Advisor.
Figure 1: shows the locations of the Jorimina and Randypata zones.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3145/260534_82b4067c548d9869_002full.jpg
Figure 2: Newmont’s Historic Drill Location on the Jorimina Zone.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3145/260534_82b4067c548d9869_003full.jpg
Qualified Person
Jeffrey Reeder, P.Geo, a qualified person as defined in National Instrument 43-101 and a Senior Technical Advisor of the Company, has prepared, supervised the preparation or approved of the scientific and technical disclosure contained in this news release.
Upcoming Marketing Events
Management will be attending the Precious Metals Summit in Beaver Creek on September 9-12, 2025 and the Swiss Mining Institute Conference in Zurich on November 20-21, 2025. Magma Silver will also be participating in 121 Mining Investment Conferences in London on November 17-18, 2025, and Dubai on November 26-27, 2025. Investors can expect an update on the Q4 drill program at Ninobamba, Peru.
We invite the investment community to review our updated corporate presentation and fact sheet, linked here.
About Magma Silver Corp.
Magma Silver Corp. is a natural resources exploration company with a focus on acquiring, exploring, developing, and operating precious metal mining projects. Listed on the TSV Venture Exchange (“MGMA”), OTCQB (“MAGMF”), and Frankfurt Exchange (“BC21”), the Company’s primary focus is on exploring and developing the advanced Niñobamba silver-gold project in the mining-friendly country of Peru. Niñobamba spans an 8 km mineralized corridor in a prolific geological belt of a high-sulphidation epithermal system. Extensive exploration by Newmont Corporation, AngloGold Ashanti Limited, Bear Creek Mining Corporation and others, has demonstrated significant resource potential with over C$14.5 million invested to date. Magma Silver is advancing its Niñobamba project using modern geological modelling and a strategic development plan. The property has excellent infrastructure, strong relationships with local communities and a regional technical team with over 30 years of mining experience in Peru.
For more information, please visit our website at www.magmasilver.com.
Contact Information
Stephen Barley, CEO & Executive ChairmanPhone: +1 (778) 960-9733
Email: stephen.barley@magmasilver.com
Jason Baker, CFO & DirectorPhone: +1 (604) 252-2672
Email: ir@magmasilver.com
Website: www.magmasilver.com
X: @MagmaSilverCorp
Reader AdvisoryThis news release may contain forward-looking information within the meaning of applicable securities laws. All information and statements other than statements of current or historical facts contained in this news release are forward-looking information. Forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed here and elsewhere in Magma Silver Corp.’s periodic filings with Canadian securities regulators. When used in this news release, words such as “will”, “could”, “plan”, “estimate”, “expect”, “intend”, “may”, “potential”, “should,” and similar expressions, are forward-looking statements. The information provided in this document is necessarily summarized and may not contain all available material information. Forward-looking statements include those in relation to (i) the accuracy of the historical work conducted by Newmont, and (ii) the expected benefits to the Company from the work program. Although the Company believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can’t make any assurances that its expectations will be achieved. Such assumptions may prove incorrect. Although the Company has attempted to identify important factors that could cause actual results, performance, or achievements to differ materially from those contained in the forward-looking statements, there can be other factors that cause results, performance, or achievements not to be as anticipated, estimated, or intended. There can be no assurance that such information will prove to be accurate or that management’s expectations or estimates of future developments, circumstances, or results will materialize. As a result of these risks and uncertainties, no assurance can be given that any events anticipated by the forward-looking information in this news release will transpire or occur, or, if any of them do so, what benefits that the Company will derive therefrom. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements in this news release are made as of the date of this news release, and the Company disclaims any intention or obligation to update or revise such information, except as required by applicable law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/260534
SOURCE Magma Silver Corp.
Magma Silver Provides Update on Community Relations in Peru
Vancouver, British Columbia–(Newsfile Corp. – July 30, 2025) – Magma Silver Corp. (TSXV: MGMA) (OTCQB: MAGMF) (FSE: BC21) (WKN: A411DV) (the “Company” or “Magma“) is pleased to announce the commencement of a summer work program designed to evaluate and define targets for the planned Q4 drill program that will follow-up on previous work to identify new drill site locations at the advanced Niñobamba silver-gold project in Peru.
Stephen Barley, Chairman & CEO, stated, “We are excited to start a work program at the advanced Niñobamba silver-gold project focused on the Jorimina and Randypata deposits. As announced in our news release dated July 23, 2025, the Tunsulla community access agreement is in place for these two project areas, allowing the Company full access to conduct exploration activities. The work being carried out will assist in refining drill targets for our planned Q4 drill program as well as expand our overall knowledge of the deposits.”
Q3 Work Program
The historical drilling by Newmont Corporation (“Newmont”) on the Jorimina and Randypata deposits consisted of 3,536 rock samples, 2,988 channel samples, ground magnetics, and 4,377 meters (Jorimina) and 3,504 meters (Randypata) of drilling and assays. Results included: Hole JM1: 53.1 to 125.4 (72.3m) 1.19 g/t of gold and hole JM1: 184.75 to 209.35 (24.6 m) 1.07 g/t of gold. Results and discussion are provided in Newmont’s internal report dated January 2010, “Informe Técnico y Geológic Proyecto Niñobamba Mayo – Diciembre 2009”. (See news release dated July 23, 2025.)
The work conducted by Newmont mainly focused on gold. The historical drilling program conducted was widely spaced diamond drill holes. Management believes that Newmont’s work should be followed up on as they may have missed significant mineralized silver and gold zones. Tighter drill space around JM-01 is required to better understand the nature and orientation of the mineralized zone. The work program will focus on refining drill targets and examine overlooked zones which contain surface silver-gold anomalies. As an example, the prospective Randypata silver zone exhibits a 2 km long silver anomaly that has never been drilled. The work program will be led by Senior Geologist, Edgar Leon (see news release dated July 16, 2025) and supervised by Jeffrey Reeder, P. Geo., Senior Technical Advisor.
Figure 1: shows the locations of the Jorimina and Randypata zones.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3145/260534_82b4067c548d9869_002full.jpg
Figure 2: Newmont’s Historic Drill Location on the Jorimina Zone.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3145/260534_82b4067c548d9869_003full.jpg
Qualified Person
Jeffrey Reeder, P.Geo, a qualified person as defined in National Instrument 43-101 and a Senior Technical Advisor of the Company, has prepared, supervised the preparation or approved of the scientific and technical disclosure contained in this news release.
Upcoming Marketing Events
Management will be attending the Precious Metals Summit in Beaver Creek on September 9-12, 2025 and the Swiss Mining Institute Conference in Zurich on November 20-21, 2025. Magma Silver will also be participating in 121 Mining Investment Conferences in London on November 17-18, 2025, and Dubai on November 26-27, 2025. Investors can expect an update on the Q4 drill program at Ninobamba, Peru.
We invite the investment community to review our updated corporate presentation and fact sheet, linked here.
About Magma Silver Corp.
Magma Silver Corp. is a natural resources exploration company with a focus on acquiring, exploring, developing, and operating precious metal mining projects. Listed on the TSV Venture Exchange (“MGMA”), OTCQB (“MAGMF”), and Frankfurt Exchange (“BC21”), the Company’s primary focus is on exploring and developing the advanced Niñobamba silver-gold project in the mining-friendly country of Peru. Niñobamba spans an 8 km mineralized corridor in a prolific geological belt of a high-sulphidation epithermal system. Extensive exploration by Newmont Corporation, AngloGold Ashanti Limited, Bear Creek Mining Corporation and others, has demonstrated significant resource potential with over C$14.5 million invested to date. Magma Silver is advancing its Niñobamba project using modern geological modelling and a strategic development plan. The property has excellent infrastructure, strong relationships with local communities and a regional technical team with over 30 years of mining experience in Peru.
For more information, please visit our website at www.magmasilver.com.
Contact Information
Stephen Barley, CEO & Executive ChairmanPhone: +1 (778) 960-9733
Email: stephen.barley@magmasilver.com
Jason Baker, CFO & DirectorPhone: +1 (604) 252-2672
Email: ir@magmasilver.com
Website: www.magmasilver.com
X: @MagmaSilverCorp
Reader AdvisoryThis news release may contain forward-looking information within the meaning of applicable securities laws. All information and statements other than statements of current or historical facts contained in this news release are forward-looking information. Forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed here and elsewhere in Magma Silver Corp.’s periodic filings with Canadian securities regulators. When used in this news release, words such as “will”, “could”, “plan”, “estimate”, “expect”, “intend”, “may”, “potential”, “should,” and similar expressions, are forward-looking statements. The information provided in this document is necessarily summarized and may not contain all available material information. Forward-looking statements include those in relation to (i) the accuracy of the historical work conducted by Newmont, and (ii) the expected benefits to the Company from the work program. Although the Company believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can’t make any assurances that its expectations will be achieved. Such assumptions may prove incorrect. Although the Company has attempted to identify important factors that could cause actual results, performance, or achievements to differ materially from those contained in the forward-looking statements, there can be other factors that cause results, performance, or achievements not to be as anticipated, estimated, or intended. There can be no assurance that such information will prove to be accurate or that management’s expectations or estimates of future developments, circumstances, or results will materialize. As a result of these risks and uncertainties, no assurance can be given that any events anticipated by the forward-looking information in this news release will transpire or occur, or, if any of them do so, what benefits that the Company will derive therefrom. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements in this news release are made as of the date of this news release, and the Company disclaims any intention or obligation to update or revise such information, except as required by applicable law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
https://images.newsfilecorp.com/files/3145/260534_82b4067c548d9869_logo.jpg
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/260534
SOURCE Magma Silver Corp.
Magma Silver Adds to Peru Operations Team
Vancouver, British Columbia–(Newsfile Corp. – July 30, 2025) – Magma Silver Corp. (TSXV: MGMA) (OTCQB: MAGMF) (FSE: BC21) (WKN: A411DV) (the “Company” or “Magma“) is pleased to announce the commencement of a summer work program designed to evaluate and define targets for the planned Q4 drill program that will follow-up on previous work to identify new drill site locations at the advanced Niñobamba silver-gold project in Peru.
Stephen Barley, Chairman & CEO, stated, “We are excited to start a work program at the advanced Niñobamba silver-gold project focused on the Jorimina and Randypata deposits. As announced in our news release dated July 23, 2025, the Tunsulla community access agreement is in place for these two project areas, allowing the Company full access to conduct exploration activities. The work being carried out will assist in refining drill targets for our planned Q4 drill program as well as expand our overall knowledge of the deposits.”
Q3 Work Program
The historical drilling by Newmont Corporation (“Newmont”) on the Jorimina and Randypata deposits consisted of 3,536 rock samples, 2,988 channel samples, ground magnetics, and 4,377 meters (Jorimina) and 3,504 meters (Randypata) of drilling and assays. Results included: Hole JM1: 53.1 to 125.4 (72.3m) 1.19 g/t of gold and hole JM1: 184.75 to 209.35 (24.6 m) 1.07 g/t of gold. Results and discussion are provided in Newmont’s internal report dated January 2010, “Informe Técnico y Geológic Proyecto Niñobamba Mayo – Diciembre 2009”. (See news release dated July 23, 2025.)
The work conducted by Newmont mainly focused on gold. The historical drilling program conducted was widely spaced diamond drill holes. Management believes that Newmont’s work should be followed up on as they may have missed significant mineralized silver and gold zones. Tighter drill space around JM-01 is required to better understand the nature and orientation of the mineralized zone. The work program will focus on refining drill targets and examine overlooked zones which contain surface silver-gold anomalies. As an example, the prospective Randypata silver zone exhibits a 2 km long silver anomaly that has never been drilled. The work program will be led by Senior Geologist, Edgar Leon (see news release dated July 16, 2025) and supervised by Jeffrey Reeder, P. Geo., Senior Technical Advisor.
Figure 1: shows the locations of the Jorimina and Randypata zones.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3145/260534_82b4067c548d9869_002full.jpg
Figure 2: Newmont’s Historic Drill Location on the Jorimina Zone.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3145/260534_82b4067c548d9869_003full.jpg
Qualified Person
Jeffrey Reeder, P.Geo, a qualified person as defined in National Instrument 43-101 and a Senior Technical Advisor of the Company, has prepared, supervised the preparation or approved of the scientific and technical disclosure contained in this news release.
Upcoming Marketing Events
Management will be attending the Precious Metals Summit in Beaver Creek on September 9-12, 2025 and the Swiss Mining Institute Conference in Zurich on November 20-21, 2025. Magma Silver will also be participating in 121 Mining Investment Conferences in London on November 17-18, 2025, and Dubai on November 26-27, 2025. Investors can expect an update on the Q4 drill program at Ninobamba, Peru.
We invite the investment community to review our updated corporate presentation and fact sheet, linked here.
About Magma Silver Corp.
Magma Silver Corp. is a natural resources exploration company with a focus on acquiring, exploring, developing, and operating precious metal mining projects. Listed on the TSV Venture Exchange (“MGMA”), OTCQB (“MAGMF”), and Frankfurt Exchange (“BC21”), the Company’s primary focus is on exploring and developing the advanced Niñobamba silver-gold project in the mining-friendly country of Peru. Niñobamba spans an 8 km mineralized corridor in a prolific geological belt of a high-sulphidation epithermal system. Extensive exploration by Newmont Corporation, AngloGold Ashanti Limited, Bear Creek Mining Corporation and others, has demonstrated significant resource potential with over C$14.5 million invested to date. Magma Silver is advancing its Niñobamba project using modern geological modelling and a strategic development plan. The property has excellent infrastructure, strong relationships with local communities and a regional technical team with over 30 years of mining experience in Peru.
For more information, please visit our website at www.magmasilver.com.
Contact Information
Stephen Barley, CEO & Executive ChairmanPhone: +1 (778) 960-9733
Email: stephen.barley@magmasilver.com
Jason Baker, CFO & DirectorPhone: +1 (604) 252-2672
Email: ir@magmasilver.com
Website: www.magmasilver.com
X: @MagmaSilverCorp
Reader AdvisoryThis news release may contain forward-looking information within the meaning of applicable securities laws. All information and statements other than statements of current or historical facts contained in this news release are forward-looking information. Forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed here and elsewhere in Magma Silver Corp.’s periodic filings with Canadian securities regulators. When used in this news release, words such as “will”, “could”, “plan”, “estimate”, “expect”, “intend”, “may”, “potential”, “should,” and similar expressions, are forward-looking statements. The information provided in this document is necessarily summarized and may not contain all available material information. Forward-looking statements include those in relation to (i) the accuracy of the historical work conducted by Newmont, and (ii) the expected benefits to the Company from the work program. Although the Company believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can’t make any assurances that its expectations will be achieved. Such assumptions may prove incorrect. Although the Company has attempted to identify important factors that could cause actual results, performance, or achievements to differ materially from those contained in the forward-looking statements, there can be other factors that cause results, performance, or achievements not to be as anticipated, estimated, or intended. There can be no assurance that such information will prove to be accurate or that management’s expectations or estimates of future developments, circumstances, or results will materialize. As a result of these risks and uncertainties, no assurance can be given that any events anticipated by the forward-looking information in this news release will transpire or occur, or, if any of them do so, what benefits that the Company will derive therefrom. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements in this news release are made as of the date of this news release, and the Company disclaims any intention or obligation to update or revise such information, except as required by applicable law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/260534
SOURCE Magma Silver Corp.
Magma Silver Announces Peru Operations Team
Vancouver, British Columbia–(Newsfile Corp. – July 9, 2025) – Magma Silver Corp. (TSXV: MGMA) (OTCQB: MAGMF) (FSE: BC21) (WKN: A411DV) (the “Company” or “Magma“) is pleased to announce that it has established an office and an experienced team for effective operations in Peru. Stephen Barley, Magma’s Chairman and CEO, met and committed to a full suite of mining professionals during a site visit to Peru during the first week of July with Jeffrey Reeder, Magma’s senior Peruvian advisor. The Company will have a Peruvian head office located in Lima. The office is staffed by a team of experts in the mining sector, specializing in areas such as accounting, taxation, and permitting.
Magma Silver is pleased to announce the appointment of Carlos Agreda Minaya as the General Manager for all administrative and regulatory reporting operations in Peru for Magma. Mr. Agreda is an experienced manager with an MBA from Peru’s highly reputable ESAN program. Mr. Agreda also has a degree in geology and has extensive experience in permitting, accounting and mineral processing. Mr. Agreda is very knowledgeable about the Company’s Niñobamba property and the local communities and has been involved with the properties since 2007. Mr. Agreda is also the General Manager of Peruvian Metals Corp., a Canadian junior explorer in Peru with a processing plant located in northern Peru, where he was involved with managing the construction and operations of a highly profitable operation.
Magma has selected Dentons to act as Peruvian legal counsel. Dentons Gallo Barrios Pickmann Abogados will provide legal services to Magma in Peru. Dentons is a global legal practice providing client services worldwide through its member firms and affiliates. Senior partner Fernando Pickmann will act as lead legal advisor to Magma. Mr. Pickmann is a well-known and respected mining legal advisor in Peru, with extensive experience in advising and operating TSXV-listed mining companies.
Stephen Barley, CEO & Chairman, stated: “The establishment of an experienced operations team we can trust will make a significant contribution to our success in Peru. Peru is a sophisticated, mining-friendly jurisdiction with detailed regulatory requirements that must be strictly adhered to. The experienced team we are involved with will ensure smooth operations for Magma.”
About Magma Silver Corp.
Magma Silver Corp. is a natural resources company with a focus on acquiring, exploring, developing, and operating precious metal mining exploration projects. The Company’s primary focus is on exploring and developing the advanced Niñobamba silver-gold project in the mining-friendly country of Peru.
For further information, please contact Magma Silver Corp.:
Jason Baker, Chief Financial Officer
Phone: +1-604-252-2672
Email: info@magmasilver.comWebsite: www.magmasilver.com
Reader Advisory
This news release may contain forward-looking information within the meaning of applicable securities laws. All information and statements other than statements of current or historical facts contained in this news release are forward-looking information. Forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed here and elsewhere in Magma Silver Corp.’s periodic filings with Canadian securities regulators. When used in this news release, words such as “will”, “could”, “plan”, “estimate”, “expect”, “intend”, “may”, “potential”, “should,” and similar expressions, are forward- looking statements. The information provided in this document is necessarily summarized and may not contain all available material information. Forward-looking statements include those in relation to (i) the experience of the Peruvian team and the performance thereof, (ii) the expected benefits to the Company from the Agreement and the scope of services to be provided by the team. Although the Company believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can’t make any assurances that its expectations will be achieved. Such assumptions may prove incorrect. Although the Company has attempted to identify important factors that could cause actual results, performance, or achievements to differ materially from those contained in the forward- looking statements, there can be other factors that cause results, performance, or achievements not to be as anticipated, estimated, or intended. There can be no assurance that such information will prove to be accurate or that management’s expectations or estimates of future developments, circumstances, or results will materialize. As a result of these risks and uncertainties, no assurance can be given that any events anticipated by the forward-looking information in this news release will transpire or occur, or, if any of them do so, what benefits that the Company will derive therefrom. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements in this news release are made as of the date of this news release, and the Company disclaims any intention or obligation to update or revise such information, except as required by applicable law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/258187
SOURCE Magma Silver Corp.
Magma Silver Announces Marketing Agreement
Vancouver, British Columbia–(Newsfile Corp. – June 20, 2025) – Magma Silver Corp. (TSXV: MGMA) (OTCQB: MAGMF) (FSE: BC21) (WKN: A411DV) (the “Company” or “Magma“) is pleased to announce that it has retained the services of Vancouver-based Matrix Agency Marketing Ltd. (“Matrix”), a marketing and consulting services company focused on the junior mining sector. Under the terms of the engagement agreement (the “Agreement”), the Company will compensate Matrix $7,000 per month, over a 12-month initial term of the Agreement. No stock options of shares of Magma are included in the terms of this Agreement. Matrix may be awarded stock options at some time in the future at the full discretion of the Board of Directors of Magma. Matrix and or its affiliates currently hold no Magma shares but may from time to time acquire or dispose of securities of the Company through the market, privately or otherwise, as circumstances or market conditions warrant. Matrix is at arm’s length to Magma Silver Corp. and has no other relationship with the Company, except pursuant to the Agreement.” The Agreement has been conditionally approved by the TSX Venture Exchange.
The Company is pleased to welcome the addition of Matrix to its investor relations team, for the purpose of providing certain market and investor relations services in accordance with the policies of the TSX Venture Exchange (the “Exchange”). By leveraging Matrix, the Company hopes to heighten market awareness for Magma and its business, including the Company’s exploration and development plans for its flagship Niñobamba silver-gold project in Southeast Peru.
Matrix is a marketing firm based out of Vancouver, British Columbia specializing in the junior mining sector with expertise in marketing strategy, graphic and web design, communications and content marketing, including PR and event coordination.
About Magma Silver Corp.
Magma Silver Corp. is a natural resource company with a focus on the acquisition, exploration, development, and operation of precious metal mining exploration projects. The Company’s primary focus is on exploring and developing the advanced Niñobamba silver gold project in the mining supportive country of Peru.
For further information, please contact Magma Silver Corp.:
Jason Baker, Chief Financial Officer
Phone: +1-604-252-2672
Email: info@magmasilver.com
Website: www.magmasilver.com
Reader Advisory
This news release may contain forward-looking information within the meaning of applicable securities laws. All information and statements other than statements of current or historical facts contained in this news release are forward-looking information. Forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed here and elsewhere in Magma Silver Corp.’s periodic filings with Canadian securities regulators. When used in this news release, words such as “will”, “could”, “plan”, “estimate”, “expect”, “intend”, “may”, “potential”, “should,” and similar expressions, are forward- looking statements. The information provided in this document is necessarily summarized and may not contain all available material information. Forward-looking statements include those in relation to (i) the Agreement and the performance thereof, (ii) the expected benefits to the Company from the Agreement and the scope of services to be provided by Matrix and (iii) the potential of the Niñobamba project. Although the Company believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can’t make any assurances that its expectations will be achieved. Such assumptions may prove incorrect. Although the Company has attempted to identify important factors that could cause actual results, performance, or achievements to differ materially from those contained in the forward- looking statements, there can be other factors that cause results, performance, or achievements not to be as anticipated, estimated, or intended. There can be no assurance that such information will prove to be accurate or that management’s expectations or estimates of future developments, circumstances, or results will materialize. As a result of these risks and uncertainties, no assurance can be given that any events anticipated by the forward-looking information in this news release will transpire or occur, or, if any of them do so, what benefits that the Company will derive therefrom. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements in this news release are made as of the date of this news release, and the Company disclaims any intention or obligation to update or revise such information, except as required by applicable law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/256321
SOURCE Magma Silver Corp.
Magma Silver Peru Silver Gold Project Update
Vancouver, British Columbia–(Newsfile Corp. – June 18, 2025) – Magma Silver Corp. (TSXV: MGMA) (OTCQB: MAGMF) (FSE: BC21) (WKN: A411DV) (“Magma” or the “Company”) is excited to share a significant update on its flagship Niñobamba silver-gold project (the “Project”) located in the mineral-rich Ayacucho Department of Southeast Peru.
Highlights:
- Property Payments Made: All payments to the Peruvian agencies have been made and all claims are in good standing until June 2026.
- Full Project Control Secured: Magma controls all three contiguous zones-Niñobamba, Jormina, and Randypata-within the Project.
- Drilling Planned for Q4 2025: A diamond drilling campaign is planned at Jormina, supported by an existing surface access agreement and a drilling permit application.
- Strong Historical Results: Previous exploration by Newmont and AngloGold revealed promising intercepts, including 72.3 m @ 1.19 g/t gold and 130 m @ 87 g/t silver.
- Extensive Exploration Investment: Over US$10 million has already been invested by Newmont, AngloGold, and Bear Creek, including a pre-feasibility study by Newmont suggesting potential for a mid-sized mining operation.
- Upcoming Exploration in Q3 2025: Planned activities include geophysical surveys, mapping, and channel sampling to define new high-grade drill targets at Niñobamba.
Magma holds a 100% option on the 4,100-hectare Niñobamba Project, which encompasses three high-potential mineralized zones: Niñobamba, Jormina, and Randypata. All three zones are under Magma’s control, opening new avenues for exploration and development. A community surface access agreement is already in place for the Jormina and Ranypata zones, paving the way for an upcoming diamond drilling campaign at Jormina. The drilling permit has been applied for and is anticipated in Q3 2025.
The Jormina and Ranypata zones lie approximately 6.5 kilometers west of Niñobamba zone. Magma has secured an extensive exploration database from Newmont Mining Corp. (“Newmont”), including diamond drill logs, assay results, geophysical data, and metallurgical studies. Over US$10 million has been invested in exploration since 2002 by Newmont, AngloGold, Rio Silver and Bear Creek. Notably, Newmont alone contributed US$7 million to drilling and completed an internal pre-feasibility study highlighting the area’s potential to support a mid-sized mining operation. The study also pointed to the possibility of a much larger discovery, with geological indicators suggesting proximity to a porphyry source (Newmont Internal Memo, 2012). Comparisons have also been drawn to Barrick’s prolific Pierina gold mine, further underlining the Project’s vast potential. (There is no guarantee Magma will achieve similar results.)
Historical exploration by Newmont (2009-2010) at Jormina included over 65 diamond drill holes totaling 4,377 metres. Highlight results include hole JOR-001, which intersected 72.3 metres grading 1.19 g/t gold from 53 metres depth. Additional drilling is needed to determine the full extent and geometry of the mineralization. Earlier, in 2002, AngloGold drilled the Niñobamba zone and reported standout intercepts including 87 g/t silver over 130 metres in DDH-2 and 54 g/t silver over 96 metres in DDH-4, starting near surface. The true widths of these intercepts remain to be confirmed.
A 2012 trenching program by Rio Silver at Niñobamba North uncovered new high-grade zones, with trench TR-01 returning 56 metres of 1.03 g/t gold and 98.9 g/t silver, and trench TR-04 yielding 21.77 metres of 1.32 g/t gold and 102.46 g/t silver. These findings demonstrate a strong gold component associated with high-sulfidation mineralization, warranting further study to better understand the zonation, alteration patterns, and widths.
Figure 1
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Looking ahead, Magma plans to initiate additional exploration activities in Q3 and Q4 2025. This includes Alpha IP geophysical surveys, detailed geological mapping, and channel sampling-with a focus on investigating the newly discovered high-grade gold zones at Niñobamba. These efforts aim to define compelling drill targets for upcoming campaigns. (Historical technical information from National Instrument 43-101 Standards of Disclosure for Mineral Projects technical report authored by James A. McRae P. Geo and dated January 21, 2025).
Qualified Person
Jeffrey Reeder, PGeo, a qualified person as defined in National Instrument 43-101, has prepared, supervised the preparation or approved the scientific and technical disclosure contained in this news release.
About Magma Silver Corp.
Magma Silver Corp. is a natural resource company with a focus on the acquisition, exploration, development, and operation of precious metal mining exploration projects. The Company’s primary focus is on exploring and developing the advanced Niñobamba silver-gold project in the mining-friendly country of Peru.
For further information, please contact Magma Silver Corp.:
Jason Baker, Chief Financial Officer
Phone: +1-604-252-2672
Email: info@magmasilver.com
Website: www.magmasilver.com
Reader Advisory
This news release may contain forward-looking information within the meaning of applicable securities laws. All information and statements other than statements of current or historical facts contained in this news release are forward-looking information. Forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed here and elsewhere in Magma’s periodic filings with Canadian securities regulators. When used in this news release, words such as “will”, “could”, “plan”, “estimate”, “expect”, “intend”, “may”, “potential”, “should,” and similar expressions are forward- looking statements. The information provided in this document is necessarily summarized and may not contain all available material information. Forward-looking statements include statements respecting: (i) the Company’s exploration program for Q3 and Q4 of 2025, including the scope and timing thereof; (ii) the implication of having a community surface access agreement in place for upcoming drilling at Jormina; (iii) the expected timing of the issuance of required drill permits, (iv) the implications for Newmont’s pre-feasibility study; (v) the potential of the Project; and (vi) the future confirmation of historical drill results. Although the Company believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can’t make any assurances that its expectations will be achieved. Such assumptions may prove incorrect. Although the Company has attempted to identify important factors that could cause actual results, performance, or achievements to differ materially from those contained in the forward- looking statements, there can be other factors that cause results, performance, or achievements not to be as anticipated, estimated, or intended. There can be no assurance that such information will prove to be accurate or that management’s expectations or estimates of future developments, circumstances, or results will materialize. As a result of these risks and uncertainties, no assurance can be given that any events anticipated by the forward-looking information in this news release will transpire or occur, or, if any of them do so, what benefits that the Company will derive therefrom. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements in this news release are made as of the date of this news release, and the Company disclaims any intention or obligation to update or revise such information, except as required by applicable law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/255874
SOURCE Magma Silver Corp.
Magma Silver Announces Trading on OTCQB
Vancouver, British Columbia–(Newsfile Corp. – June 16, 2025) – Magma Silver Corp. (TSXV: MGMA) (FSE: BC21) (WKN: A411DV) (the “Company” or “Magma“) is pleased to announce that its common shares will commence trading on the OTCQB Venture Market in the United States under the symbol “MAGMF” effective Monday June 16, 2025.
“Admission to the OTCQB market is in line with Magma’s strategy to access international institutional and retail investors,” said Stephen Barley, Chairman and CEO of Magma. “This will provide us with a trading platform that can significantly enhance liquidity for our shareholders and extend investor awareness of Magma internationally.”
To be eligible to trade on the OTCQB Venture Market, companies must be current in their financial reporting, pass a minimum bid price test, and undergo an annual company verification and management certification process. The OTCQB Venture quality standards provide a strong baseline of transparency, as well as the technology and regulation to improve the information and trading experience for investors.
Magma will continue to trade on the TSX Venture Exchange under its existing symbol “MGMA” and the Frankfurt Stock Exchange under the symbol “BC21” under WKN “A411ED”.
About Magma Silver Corp.
Magma Silver Corp. is a natural resource company with a focus on the acquisition, exploration, development, and operation of precious metal mining exploration projects. The Company’s primary focus is on exploring and developing the advanced Niñobamba silver gold project in the mining supportive country of Peru.
For further information, please contact Magma Silver Corp.:
Jason Baker, Chief Financial Officer
Phone: +1-604-252-2672
Email: info@magmasilver.com
Website: www.magmasilver.com
Reader Advisory
This news release may contain forward-looking information within the meaning of applicable securities laws. All information and statements other than statements of current or historical facts contained in this news release are forward-looking information. Forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed here and elsewhere in Magma’s periodic filings with Canadian securities regulators. When used in this news release, words such as “will”, “could”, “plan”, “estimate”, “expect”, “intend”, “may”, “potential”, “should,” and similar expressions, are forward- looking statements. The information provided in this document is necessarily summarized and may not contain all available material information. Forward-looking statements include those in relation to (i) the expected timing of the OTCQB listing and (ii) the expected increased market liquidity and investor awareness due to the OTCQB listing. Although the Company believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can’t make any assurances that its expectations will be achieved. Such assumptions may prove incorrect. Although the Company has attempted to identify important factors that could cause actual results, performance, or achievements to differ materially from those contained in the forward- looking statements, there can be other factors that cause results, performance, or achievements not to be as anticipated, estimated, or intended. There can be no assurance that such information will prove to be accurate or that management’s expectations or estimates of future developments, circumstances, or results will materialize. As a result of these risks and uncertainties, no assurance can be given that any events anticipated by the forward-looking information in this news release will transpire or occur, or, if any of them do so, what benefits that the Company will derive therefrom. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements in this news release are made as of the date of this news release, and the Company disclaims any intention or obligation to update or revise such information, except as required by applicable law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Magma Silver Announces Marketing Agreement
Vancouver, British Columbia–(Newsfile Corp. – June 9, 2025) – Magma Silver Corp. (TSXV: MGMA) (FSE: BC21) (WKN: A411DV) (the “Company“) is pleased to announce it has entered into a marketing agreement (the “Agreement“) with Epstein Research (Peter Epstein) (“Epstein“) pursuant to which Epstein will provide investor relation services to the Company in consideration for an aggregate of US$15,000 at a rate of US$,2,500 per month. The Company has the right to renew the Agreement for an additional 6 months, subject to the approval of the TSXV. The Agreement is for an initial term of 6 months commencing on June 9, 2025, and, in accordance with its terms, Epstein will work with the Company on posting on social media, producing monthly articles and commentary designed to develop a positive and productive profile for the Company within the marketplace. The Agreement has been conditionally approved by the TSX Venture Exchange. Epstein operates the website www.epsteinresearch.com. Epstein does not own any securities of the Company or any right to acquire securities of the Company. Epstein is an arm’s length party to the Company.
Mr. Epstein has a background in company & financial analysis, including having earned an MBA in Financial Analysis at NYU’s Stern School of Business. Epstein has over 20 years in buy-side analyst roles.
About Magma Silver Corp.
Magma Silver Corp. is a natural resource company with a focus on the acquisition, exploration, development, and operation of precious metal mining exploration projects. The Company’s primary focus is on exploring and developing the advanced Niñobamba silver gold project in the mining supportive country of Peru.
For further information, please contact Magma Silver Corp.:
Jason Baker, Chief Financial Officer
Phone: +1-604-252-2672
Email: info@magmasilver.com
Website: www.magmasilver.com
Reader Advisory
This news release may contain forward-looking information within the meaning of applicable securities laws. All information and statements other than statements of current or historical facts contained in this news release are forward-looking information. Forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed here and elsewhere in Magma Silver Corp.’s periodic filings with Canadian securities regulators. When used in this news release, words such as “will”, “could”, “plan”, “estimate”, “expect”, “intend”, “may”, “potential”, “should,” and similar expressions, are forward-looking statements. The information provided in this document is necessarily summarized and may not contain all available material information. Forward-looking statements include those in relation to (i) the Agreement and the performance thereof, (ii) the expected benefits to the Company from the Agreement and the scope of services to be provided by Epstein. Although the Company believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can’t make any assurances that its expectations will be achieved. Such assumptions may prove incorrect. Although the Company has attempted to identify important factors that could cause actual results, performance, or achievements to differ materially from those contained in the forward-looking statements, there can be other factors that cause results, performance, or achievements not to be as anticipated, estimated, or intended. There can be no assurance that such information will prove to be accurate or that management’s expectations or estimates of future developments, circumstances, or results will materialize. As a result of these risks and uncertainties, no assurance can be given that any events anticipated by the forward-looking information in this news release will transpire or occur, or, if any of them do so, what benefits that the Company will derive therefrom. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements in this news release are made as of the date of this news release, and the Company disclaims any intention or obligation to update or revise such information, except as required by applicable law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Magma Silver Announces Consulting Services Agreement
Vancouver, British Columbia–(Newsfile Corp. – May 27, 2025) – Magma Silver Corp. (TSXV: MGMA) (FSE: BC21) (WKN: A411DV) (the “Company“) is pleased to announce the closing of the second tranche of its non-brokered private placement for gross proceeds of CAD $597,850 (the “Second Tranche“) for a total of $1,500,000 for both tranches. For information respecting the first tranche of the Company’s non-brokered private placement, please see the Company’s news release dated April 15, 2025.
Second Tranche Private Placement
The Company closed the Second Tranche through the issuance of 5,978,500 units (each a “Unit“) at a price of CAD $0.10 per Unit for aggregate proceeds of CAD $597,850. Each Unit consists of one (1) common share of the Company (a “Share“) and one-half of one (1/2) common share purchase warrant (each whole warrant, a “Warrant“). Each Warrant entitles the holder thereof to acquire one (1) additional common share in the capital of the Company (a “Warrant Share“) at a price of $0.20 per Warrant Share at any time prior to 5:00 p.m. (Vancouver time) on the date that is 24 months following the closing date, subject to acceleration (as described herein). The Warrants are transferable but not listed for trading. If during the period beginning four months and one day after the closing date, the Company’s shares trade on the TSXV at or above a daily volume weighted average trading price of $0.50 per Common Share for ten (10) consecutive trading days, the Company will be entitled to give notice that the Warrants will expire thirty (30) days from the date of providing such notice.
In connection with the Second Tranche, the Company paid $22,000 in finder’s fees and issued 220,000 finder’s warrants, each exercisable into one (1) common share of the Company, at an exercise price of $0.20 for 24 months following the closing date.
The securities issued pursuant to the Second Tranche are subject to a hold period whereby the securities shall be released four (4) months plus one (1) day from the closing date of the Second Tranche. The Company plans to use the net proceeds from the Second Tranche for work programs on the Niñobamba advanced stage silver gold project in Peru and for general working capital.
The Second Tranche closing involved the issuance of an aggregate of 28,500 Units to directors, officers and insiders of the Company for gross proceeds of $2,850. Accordingly, the issuance of such securities (collectively, the “Insider Participation“) constituted “related party transactions” within the meaning of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101“). The Company was exempt from the requirements to obtain a formal valuation and minority shareholder approval in connection with the Insider Participation in reliance on sections 5.5(a) and 5.7(1)(a) of MI 61-101, as neither the fair market value of the Insider Participation nor the securities issued in connection therewith exceeded 25% of the Company’s market capitalization.
The securities issued under the Second Tranche have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from the registration requirements. This news release does not constitute an offer to sell or the solicitation of an offer to buy nor will there be any sale of the securities in any State in which such offer, solicitation, or sale would be unlawful.
About Magma Silver Corp.
Magma Silver Corp. is a natural resource company with a focus on the acquisition, exploration, development, and operation of precious metal mining exploration projects. The Company’s primary focus will be on exploring and developing the advanced Niñobamba silver gold project in the mining supportive country of Peru.
For further information, please contact Magma Silver Corp.:
Stephen Barley, Executive Chairman
Jason Baker, Chief Financial Officer
Phone: +1-604-252-2672
Email: info@magmasilver.com
Website: www.magmasilver.com
Reader Advisory
This news release may contain forward-looking information within the meaning of applicable securities laws. All information and statements other than statements of current or historical facts contained in this news release are forward-looking information. Forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed here and elsewhere in the Company’s periodic filings with Canadian securities regulators. When used in this news release, words such as “will”, “could”, “plan”, “estimate”, “expect”, “intend”, “may”, “potential”, “should,” and similar expressions, are forward- looking statements. The information provided in this document is necessarily summarized and may not contain all available material information. Forward-looking statements include those in relation to the expected use of proceeds from the Second Tranche and the Company’s expectations regarding the potential for economic mineralization on the Niñobamba project. Although the Company believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can’t make any assurances that its expectations will be achieved. Such assumptions may prove incorrect. Although the Company has attempted to identify important factors that could cause actual results, performance, or achievements to differ materially from those contained in the forward- looking statements, there can be other factors that cause results, performance, or achievements not to be as anticipated, estimated, or intended. There can be no assurance that such information will prove to be accurate or that management’s expectations or estimates of future developments, circumstances, or results will materialize. As a result of these risks and uncertainties, no assurance can be given that any events anticipated by the forward-looking information in this news release will transpire or occur, or, if any of them do so, what benefits that the Company will derive therefrom. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements in this news release are made as of the date of this news release, and the Company disclaims any intention or obligation to update or revise such information, except as required by applicable law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Magma Silver Announces Marketing Agreement
Vancouver, British Columbia–(Newsfile Corp. – May 29, 2025) – Magma Silver Corp. (TSXV: MGMA) (FSE: BC21) (WKN: A411DV) (the “Company“) is pleased to announce it has entered into a marketing agreement (the “Agreement“) with Momentum PR (“Momentum“) pursuant to which Momentum will provide investor relation services to the Company in consideration for an aggregate of $60,000 and the issuance of up to 300,000 incentive stock options of the Company, exercisable at $0.16 per share for 2 years and vesting as follows: 75,000 options to vest on August 29, 2025; 75,000 options to vest on November 29, 2025; 75,000 options to vest on February 29, 2026; and 75,000 options to vest on May 29, 2026. The Agreement is for an initial term of 6 months commencing on June 1, 2025 and, in accordance with its terms, Momentum will work with the Company to develop new public relations, media, and marketing communication strategies and messages designed to develop a positive and productive profile for the Company within the marketplace. The Agreement has been conditionally approved by the TSX Venture Exchange. Momentum operates the website www.momentumpr.com. Neither Momentum, nor any of its respective directors or officers own any securities of the Company or any right to acquire securities of the Company, other than the incentive stock options referred to in this news release. Momentum is an arm’s length party to the Company.
Momentum is a Montreal-based public and investor relations agency with deep expertise in the mining sector. Founded in 2008, the firm specializes in raising investor awareness for small- and mid-cap publicly traded companies in Canada. Momentum delivers strategic campaigns designed to increase visibility, foster credibility and engage investors across key capital markets.
“We’re pleased to be working with Magma Silver Corp. and supporting the Niñobamba project, which we believe holds strong potential,” said Max Gagné, Founder and President of Momentum. “Our goal is to ensure the Company’s message reaches the right investors with clarity and impact,” added Mr. Gagné.
About Magma Silver Corp.
Magma Silver Corp. is a natural resource company with a focus on the acquisition, exploration, development, and operation of precious metal mining exploration projects. The Company’s primary focus is on exploring and developing the advanced Niñobamba silver gold project in the mining supportive country of Peru.
For further information, please contact Magma Silver Corp.:
Jason Baker, Chief Financial Officer
Phone: +1-604-252-2672
Email: info@magmasilver.com
Website: www.magmasilver.com
Reader Advisory
This news release may contain forward-looking information within the meaning of applicable securities laws. All information and statements other than statements of current or historical facts contained in this news release are forward-looking information. Forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed here and elsewhere in Magma Silver Corp.’s periodic filings with Canadian securities regulators. When used in this news release, words such as “will”, “could”, “plan”, “estimate”, “expect”, “intend”, “may”, “potential”, “should,” and similar expressions, are forward-looking statements. The information provided in this document is necessarily summarized and may not contain all available material information. Forward-looking statements include those in relation to (i) the Agreement and the performance thereof, (ii) the expected benefits to the Company from the Agreement and the scope of services to be provided by Momentum, and (iii) the potential of the Niñobamba project. Although the Company believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can’t make any assurances that its expectations will be achieved. Such assumptions may prove incorrect. Although the Company has attempted to identify important factors that could cause actual results, performance, or achievements to differ materially from those contained in the forward-looking statements, there can be other factors that cause results, performance, or achievements not to be as anticipated, estimated, or intended. There can be no assurance that such information will prove to be accurate or that management’s expectations or estimates of future developments, circumstances, or results will materialize. As a result of these risks and uncertainties, no assurance can be given that any events anticipated by the forward-looking information in this news release will transpire or occur, or, if any of them do so, what benefits that the Company will derive therefrom. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements in this news release are made as of the date of this news release, and the Company disclaims any intention or obligation to update or revise such information, except as required by applicable law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Magma Silver Closes Fully Subscribed Second Tranche of Private Placement
Vancouver, British Columbia–(Newsfile Corp. – May 27, 2025) – Magma Silver Corp. (TSXV: MGMA) (FSE: BC21) (WKN: A411DV) (the “Company“) is pleased to announce the closing of the second tranche of its non-brokered private placement for gross proceeds of CAD $597,850 (the “Second Tranche“) for a total of $1,500,000 for both tranches. For information respecting the first tranche of the Company’s non-brokered private placement, please see the Company’s news release dated April 15, 2025.
Second Tranche Private Placement
The Company closed the Second Tranche through the issuance of 5,978,500 units (each a “Unit“) at a price of CAD $0.10 per Unit for aggregate proceeds of CAD $597,850. Each Unit consists of one (1) common share of the Company (a “Share“) and one-half of one (1/2) common share purchase warrant (each whole warrant, a “Warrant“). Each Warrant entitles the holder thereof to acquire one (1) additional common share in the capital of the Company (a “Warrant Share“) at a price of $0.20 per Warrant Share at any time prior to 5:00 p.m. (Vancouver time) on the date that is 24 months following the closing date, subject to acceleration (as described herein). The Warrants are transferable but not listed for trading. If during the period beginning four months and one day after the closing date, the Company’s shares trade on the TSXV at or above a daily volume weighted average trading price of $0.50 per Common Share for ten (10) consecutive trading days, the Company will be entitled to give notice that the Warrants will expire thirty (30) days from the date of providing such notice.
In connection with the Second Tranche, the Company paid $22,000 in finder’s fees and issued 220,000 finder’s warrants, each exercisable into one (1) common share of the Company, at an exercise price of $0.20 for 24 months following the closing date.
The securities issued pursuant to the Second Tranche are subject to a hold period whereby the securities shall be released four (4) months plus one (1) day from the closing date of the Second Tranche. The Company plans to use the net proceeds from the Second Tranche for work programs on the Niñobamba advanced stage silver gold project in Peru and for general working capital.
The Second Tranche closing involved the issuance of an aggregate of 28,500 Units to directors, officers and insiders of the Company for gross proceeds of $2,850. Accordingly, the issuance of such securities (collectively, the “Insider Participation“) constituted “related party transactions” within the meaning of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101“). The Company was exempt from the requirements to obtain a formal valuation and minority shareholder approval in connection with the Insider Participation in reliance on sections 5.5(a) and 5.7(1)(a) of MI 61-101, as neither the fair market value of the Insider Participation nor the securities issued in connection therewith exceeded 25% of the Company’s market capitalization.
The securities issued under the Second Tranche have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from the registration requirements. This news release does not constitute an offer to sell or the solicitation of an offer to buy nor will there be any sale of the securities in any State in which such offer, solicitation, or sale would be unlawful.
About Magma Silver Corp.
Magma Silver Corp. is a natural resource company with a focus on the acquisition, exploration, development, and operation of precious metal mining exploration projects. The Company’s primary focus will be on exploring and developing the advanced Niñobamba silver gold project in the mining supportive country of Peru.
For further information, please contact Magma Silver Corp.:
Stephen Barley, Executive Chairman
Jason Baker, Chief Financial Officer
Phone: +1-604-252-2672
Email: info@magmasilver.com
Website: www.magmasilver.com
Reader Advisory
This news release may contain forward-looking information within the meaning of applicable securities laws. All information and statements other than statements of current or historical facts contained in this news release are forward-looking information. Forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed here and elsewhere in the Company’s periodic filings with Canadian securities regulators. When used in this news release, words such as “will”, “could”, “plan”, “estimate”, “expect”, “intend”, “may”, “potential”, “should,” and similar expressions, are forward- looking statements. The information provided in this document is necessarily summarized and may not contain all available material information. Forward-looking statements include those in relation to the expected use of proceeds from the Second Tranche and the Company’s expectations regarding the potential for economic mineralization on the Niñobamba project. Although the Company believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can’t make any assurances that its expectations will be achieved. Such assumptions may prove incorrect. Although the Company has attempted to identify important factors that could cause actual results, performance, or achievements to differ materially from those contained in the forward- looking statements, there can be other factors that cause results, performance, or achievements not to be as anticipated, estimated, or intended. There can be no assurance that such information will prove to be accurate or that management’s expectations or estimates of future developments, circumstances, or results will materialize. As a result of these risks and uncertainties, no assurance can be given that any events anticipated by the forward-looking information in this news release will transpire or occur, or, if any of them do so, what benefits that the Company will derive therefrom. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements in this news release are made as of the date of this news release, and the Company disclaims any intention or obligation to update or revise such information, except as required by applicable law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Magma Silver Announces Marketing Agreements
Vancouver, British Columbia–(Newsfile Corp. – May 26, 2025) – Magma Silver Corp. (TSXV: MGMA) (FSE: BC21) (WKN: A411DV) (the “Company“) is pleased to announce it has entered into marketing agreements with Baystreet.ca Media Corp. (“Baystreet“) and AllPennyStocks.com Media Inc. (“AllPenny“).
Baystreet.ca Media Corp.
Pursuant to its agreement with Baystreet (the “Baystreet Agreement“), Baystreet will provide investor relation and marketing services to the Company over an initial term of three (3) months commencing June 1, 2025, in consideration of an aggregate of CAD$120,000. Baystreet will work with the Company to develop new public relations, media, and marketing communication strategies and messages designed to develop a positive and productive profile for the Company within the marketplace. The Baystreet Agreement has been conditionally approved by the TSX Venture Exchange. Baystreet operates the website www.baystreet.ca. Neither Baystreet, nor any of its respective directors or officers own any securities of the Company or any right to acquire securities of the Company. Baystreet is an arm’s length party to the Company.
Baystreet was founded in May 1998 and is a leading online Canadian publisher of original, timely and insightful commentary, analysis and opinion aimed at helping investors make informed investment decisions. Baystreet is based in Toronto, Ontario.
AllPennyStocks.com Media Inc.
Pursuant to its agreement with AllPenny (the “AllPenny Agreement“), AllPenny will provide investor relation and marketing services to the Company over an initial term of three (3) months, commencing June 1, 2025, in consideration of an aggregate of US$13,500. AllPenny will work with the Company to develop and release a series of media syndication articles through an expanded distribution circuit designed to increase investor awareness of the Company. The AllPenny Agreement has been conditionally approved by the TSX Venture Exchange. AllPenny is Toronto, Ontario based and operates the website https://www.allpennystocks.com/. Neither AllPenny, nor any of its respective directors or officers own any securities of the Company or any right to acquire securities of the Company. AllPenny is an arm’s length party to the Company.
AllPenny, founded in 1999, is a leading authority in the micro-cap space, with its content prominently featured across numerous top-tier financial platforms, reaching a broad audience of investors and industry professionals.
About Magma Silver Corp.
Magma Silver Corp. is a natural resource company with a focus on the acquisition, exploration, development, and operation of precious metal mining exploration projects. The Company’s primary focus is on exploring and developing the advanced Niñobamba silver gold project in the mining supportive country of Peru.
For further information, please contact Magma Silver Corp.:
Stephen Barley, Executive Chairman
Jason Baker, Chief Financial Officer
Phone: +1-604-252-2672
Email: info@magmasilver.com
Website: www.magmasilver.com
Reader Advisory
This news release may contain forward-looking information within the meaning of applicable securities laws. All information and statements other than statements of current or historical facts contained in this news release are forward-looking information. Forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed here and elsewhere in Magma Silver Corp.’s periodic filings with Canadian securities regulators. When used in this news release, words such as “will”, “could”, “plan”, “estimate”, “expect”, “intend”, “may”, “potential”, “should,” and similar expressions, are forward-looking statements. The information provided in this document is necessarily summarized and may not contain all available material information. Forward-looking statements include those in relation to (i) the Baystreet Agreement and the AllPenny Agreement and the performance thereof and (ii) the expected benefits to the Company from the Baystreet Agreement and the AllPenny Agreement and the scope of services to be provided by Baystreet and AllPenny. Although the Company believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can’t make any assurances that its expectations will be achieved. Such assumptions may prove incorrect. Although the Company has attempted to identify important factors that could cause actual results, performance, or achievements to differ materially from those contained in the forward-looking statements, there can be other factors that cause results, performance, or achievements not to be as anticipated, estimated, or intended. There can be no assurance that such information will prove to be accurate or that management’s expectations or estimates of future developments, circumstances, or results will materialize. As a result of these risks and uncertainties, no assurance can be given that any events anticipated by the forward-looking information in this news release will transpire or occur, or, if any of them do so, what benefits that the Company will derive therefrom. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements in this news release are made as of the date of this news release, and the Company disclaims any intention or obligation to update or revise such information, except as required by applicable law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Magma Silver Appoints Townsend as a Director and Amends Stock Options
Vancouver, British Columbia–(Newsfile Corp. – May 7, 2025) – Magma Silver Corp. (TSXV: MGMA) (FSE: BC2) (WKN: A3DEJG) (“Magma” or the “Company“), is pleased to announce the appointment of Michael Townsend to its Board of Directors effective May 7, 2025.
Michael Townsend has extensive experience in corporate finance spanning over 25 years. Mr. Townsend is one of the founding partners of Altus Capital Partners, a boutique investment bank based in Vancouver, British Columbia, Canada. Altus has been involved in raising over $180 million in equity financings over the past 5 years.
The Company announced the resignation of Joe Sandberg as a director effective May 7, 2025.
Stephen Barley, Executive Chairman and Interim CEO of Magma, stated: “We are excited to announce the appointment of Michael Townsend. Mr. Townsend has a strong corporate finance background, knowledge of the capital markets, and success in raising capital. We wish to thank Joe Sandberg for his years of service and contribution to the board of directors and wish him well on his retirement.”
Stock Options
Further to the news release dated May 6, 2025, the Company also announces an increase in the stock option grant from 1,000,000 options to 1,500,000 incentive stock options (the “Options“) to certain directors, officers, consultants, and employees pursuant to the Company’s Stock Option Plan. The Options exercise price has been amended from $0.155 to $0.16 and are exercisable for a period of five years.
About Magma Silver Corp.
Magma Silver Corp. is a natural resource company with a focus on the acquisition, exploration, development, and operation of precious metal mining exploration projects. The Company’s primary focus will be on exploring and developing the advanced Niñobamba silver gold project in the mining supportive country of Peru.
For further information, please contact Magma Silver Corp.:
Stephen Barley, Executive Chairman
Jason Baker, Chief Financial Officer
Phone: +1-604-252-2672
Email: info@magmasilver.com
Website: www.magmasilver.com
CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION
This news release contains certain statements that may constitute forward-looking information under applicable securities laws. All statements, other than those of historical fact, which address activities, events, outcomes, results, developments, performance or achievements that Magma anticipates or expects may or will occur in the future (in whole or in part) should be considered forward-looking information. Often, but not always, forward-looking information can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or statements formed in the future tense or indicating that certain actions, events or results “may”, “could”, “would”, “might” or “will” (or other variations of the forgoing) be taken, occur, be achieved, or come to pass. Forward-looking information is based on currently available competitive, financial, and economic data and operating plans, strategies or beliefs as of the date of this news release, but involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of Magma to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors may be based on information currently available to Magma, including information obtained from third-party industry analysts and other third-party sources, and are based on management’s current expectations or beliefs regarding future growth, results of operations, future capital (including the amount, nature and sources of funding thereof) and expenditures. Any and all forward-looking information contained in this press release is expressly qualified by this cautionary statement. Trading in the securities of Magma should be considered highly speculative.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Magma Silver Announces Engagement of Market Maker and Grants Stock Options
Vancouver, British Columbia–(Newsfile Corp. – May 6, 2025) – Magma Silver Corp. (TSXV: MGMA) (FSE: BC2) (WKN: A3DEJG) (“Magma” or the “Company“), announces that, pursuant to an agreement dated May 6, 2025, subject to regulatory approval, it has engaged Independent Trading Group (ITG), Inc. (“ITG“) to provide market-making services with the objective of maintaining a reasonable market and improving the liquidity of the Company’s common shares, in accordance with TSX Venture Exchange policies.
Under the agreement, the Company will pay ITG compensation of CAD $5,500 per month, payable monthly in advance. The agreement is for an initial term of one month and will be renewed for subsequent additional one-month terms until terminated. There are no performance factors contained in the agreement and ITG will not receive shares, options or any other securities of the Company as compensation. ITG and the Company are at arm’s length and are unrelated and unaffiliated entities, and at the time of the agreement, neither ITG nor its principals have an interest, directly or indirectly, in the securities of the Company.
Stock Options
The Company also announces the grant of 1,000,000 incentive stock options (the “Options“) to certain directors, officers, consultants, and employees pursuant to the Company’s Stock Option Plan. The Options are exercisable for a period of five years at a price of CAD$ 0.155.
About Magma Silver Corp.
Magma Silver Corp. is a natural resource company with a focus on the acquisition, exploration, development, and operation of precious metal mining exploration projects. The Company’s primary focus will be on exploring and developing the advanced Niñobamba silver gold project in the mining supportive country of Peru.
For further information, please contact Magma Silver Corp.:
Stephen Barley, Executive Chairman
Jason Baker, Chief Financial Officer
Phone: +1-604-252-2672
Email: info@magmasilver.com
Website: www.magmasilver.com
CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION
This news release contains certain statements that may constitute forward-looking information under applicable securities laws. All statements, other than those of historical fact, which address activities, events, outcomes, results, developments, performance or achievements that Magma anticipates or expects may or will occur in the future (in whole or in part) should be considered forward-looking information. Such information may involve, but is not limited to, statements with respect to the market making services provided by ITG, the duration of the engagement of ITG, and ITG and/or its clients holding shares of Magma. Often, but not always, forward-looking information can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or statements formed in the future tense or indicating that certain actions, events or results “may”, “could”, “would”, “might” or “will” (or other variations of the forgoing) be taken, occur, be achieved, or come to pass. Forward-looking information is based on currently available competitive, financial, and economic data and operating plans, strategies or beliefs as of the date of this news release, but involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of Magma to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors may be based on information currently available to Magma, including information obtained from third-party industry analysts and other third-party sources, and are based on management’s current expectations or beliefs regarding future growth, results of operations, future capital (including the amount, nature and sources of funding thereof) and expenditures. Any and all forward-looking information contained in this press release is expressly qualified by this cautionary statement. Trading in the securities of Magma should be considered highly speculative.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Rio Silver completes Definitive Agreement for the sale of Ninobamba, announces planned restructuring
VANCOUVER, British Columbia, May 01, 2025 (GLOBE NEWSWIRE) — Rio Silver Inc. (“Rio Silver” or the “Company”) (TSX.V: RYO) (OTC: RYOOF), announces that it has completed a definitive agreement (the “Option Agreement”) with Magma Silver Corp. (TSX.V: MGMA) (“Magma Silver”) for the sale (the “Transaction”) of the Niñobamba Au-Ag property (“Niñobamba” or the “Project”).
Under the terms of the Option Agreement, Magma Silver has the right to earn a 100% interest in the Project upon full exercise of the option. The Option Agreement requires Magma Silver to make payments of an aggregate CAD$260,000, of which CAD$160,000 of that amount has been paid. Magma Silver will make further milestone payments of up to US$2,000,000, US$500,000 of which will constitute advanced royalty payments and will be paid over the next five years, deductible from the net smelter return royalty of 2% granted to Rio Silver. Magma Silver retains the right to buy back 1% of the NSR for US$1,000,000 at any time prior to commercial production on the Project. The Option Agreement also requires Magma Silver to issue to Rio Silver a total of 2,500,000 common shares of Magma Silver upon receipt of regulatory approval, and a further 2,500,000 common shares on the first anniversary of the approval date.
Rio Silver also announces its intention to consolidate (the “Consolidation”) its common shares on a one-new-for-five-old basis subject to regulatory approval.
Upon completion of the Consolidation, it is intended that the 99,832,844 common shares of Rio Silver currently issued and outstanding will be reduced to approximately 19,966,569 common shares. No fractional shares will be issued under the Consolidation. Each fractional share following the Consolidation that is less than one-half of a share will be cancelled, and each fractional share that is at least one-half of a share will be rounded up to the nearest whole share. As applicable, the exercise or conversion price and the number of shares issuable under any of the company’s outstanding stock options and convertible instruments will be proportionately adjusted upon the completion of the Consolidation. A letter of transmittal will be sent to registered shareholders providing instructions to surrender the certificates evidencing their shares for replacement certificates representing the number of post-Consolidation shares to which they are entitled as a result of the Consolidation. Until surrendered, each certificate representing shares prior to the Consolidation will be deemed, for all purposes, to represent the number of shares to which the holder thereof is entitled as a result of the Consolidation.
The Consolidation remains subject to the acceptance of the TSX Venture Exchange (the “Exchange”), and the pre-consolidated shares will continue to be traded on the Exchange under the current trading symbol RYO. Upon acceptance by the Exchange, the Company’s trading symbol will remain the same, but the CUSIP number and international securities identification number will change upon the completion of the Consolidation.
This Transaction and Consolidation will allows the Company to focus on the express development of its newly-acquired Maria Norte high grade silver exploration / exploitation project in the dynamic Huachacolpa Mining district, south central Peru where recent M&A activity is changing the investment landscape.
About Rio Silver Inc.
Rio Silver is a Canadian exploration and development company with an large per cent of insider, friends and family ownership, focused on Peru. Rio Silver continues to review precious and base metal properties in Peru while maintaining its interest in its Ontario Gerow Lake, critical metals project. This Transaction enables the Company to complete certain planned acquisitions that bring significant potential for near-term, cash flowing, production allowing the Company to leverage other similar opportunities, going forward, in a non-dilutive shareholder friendly way.
ON BEHALF OF THE BOARD OF DIRECTORS OF RIO SILVER INC.
Christopher Verrico
Director, President and Chief Executive Officer
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
For further information,
Christopher Verrico, President, CEO
Tel: (604) 762-4448
Email: chris.verrico@riosilverinc.com
Website: www.riosilverinc.com
This news release includes forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required by applicable laws.
Magma Silver Announces Name and Symbol Change, Closing of Private Placement and Reactivation from NEX to TSXV Tier 2
Vancouver, British Columbia–(Newsfile Corp. – April 15, 2025) – Magma Silver Corp. (NEX: CUCO.H) (FSE: BC2) (WKN: A3DEJG) (formerly African Energy Metals Inc.) (the “Company“) is pleased to announce the Company has received the approval of the TSXV and NEX for the acquisition of the Niñobamba advanced stage silver gold project in Peru; the graduation from NEX to TSX Venture Tier 2; a name and symbol change to Magma Silver Corp. (TSXV: MGMA); and the closing of the first tranche of its private placement for gross proceeds of $902,150.
Name and Symbol Change and Graduation to TSX Venture Tier 2
The Company has met the requirements to be listed as a TSX Venture Tier 2 Company. Therefore, effective at the opening, Thursday, April 17, 2025, the Company’s listing will transfer from NEX to TSX Venture, the Company’s Tier classification will change from NEX to Tier 2. Effective at the opening, Thursday, April 17, 2025, the trading symbol for the Company will change from CUCO.H to MGMA and the shares of the Company will resume trading. The Company’s ISIN and CUSIP numbers will change to CA5589221004 and 558922100, respectively.
There will be no capital changes so no action is required to be taken by shareholders with respect to the name change. Outstanding share and warrant certificates are not affected by the name and ticker symbol change and do not need to be exchanged.
Private Placement
The Company closed the first tranche of its non-brokered private placement (the “Financing“) through the issuance of 9,021,500 units (each a “Unit“) at a price of CAD $0.10 per Unit for aggregate proceeds of CAD $902,150. Each Unit consists of one (1) common share of the Company (a “Share“) and one-half of one (1/2) common share purchase warrant (each whole warrant, a “Warrant“). Each Warrant entitles the holder thereof to acquire one additional common share in the capital of the Company (a “Warrant Share“) at a price of $0.20 per Warrant Share at any time prior to 5:00 p.m. (Vancouver time) on the date that is 24 months following the closing date. The Warrants are transferable but not listed for trading.
If during the period beginning four months and one day after the closing date, the Company’s shares trade on the TSXV at or above a daily volume weighted average trading price of $0.50 per Common Share for ten (10) consecutive trading days, the Company will be entitled to give notice that the Warrants will expire thirty (30) days from the date of providing such notice.
In connection with the Financing, the Company paid $53,465 in finder’s fees and issued 534, 650 finder’s warrants, each exercisable into one common share of the Company, at an exercise price of $0.20 for 24 months following the closing date.
The securities issued pursuant to the Financing are subject to a hold period whereby the securities shall be released four months plus one day from the closing date of the Financing.
The Company plans to use the net proceeds from the Financing for work programs on the Niñobamba advanced stage siler gold project in Peru and for general working capital.
The Financing included the issuance of an aggregate of 700,000 Units to directors, officers and insiders of the Company for gross proceeds of $70,000. Accordingly, the issuance of such securities (collectively, the “Insider Participation“) constituted “related party transactions” within the meaning of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101“). The Company was exempt from the requirements to obtain a formal valuation and minority shareholder approval in connection with the Insider Participation in reliance on sections 5.5(a) and 5.7(1)(a) of MI 61-101, as neither the fair market value of the Insider Participation nor the securities issued in connection therewith exceeded 25% of the Company’s market capitalization.
The securities issued and being offered under the Financing have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from the registration requirements. This news release does not constitute an offer to sell or the solicitation of an offer to buy nor will there be any sale of the securities in any State in which such offer, solicitation, or sale would be unlawful.
Acquisition of 100% Option on the Niñobamba Advanced Stage Silver Gold Project, Peru
The TSX Venture Exchange has accepted for filing an option agreement between the Company and Rio Silver Inc. (TSXV: RYO) executed on January 20, 2025, pursuant to which the Company has acquired the option to acquire a 100% interest in Rio Silver’s Niñobamba advanced gold-silver project located in the Department of Ayacucho, 500 km southwest of Lima, Peru in consideration of a combination of staged cash payments and share issuances by the Company.
In connection with the Option Agreement, at closing of the acquisition of the option agreement on the Niñobamba project, the Company will pay a finder’s fee of 450,000 common shares. For further information respecting the Option Agreement and the finder’s fee, please see the Company’s news releases dated January 21, 2025, February 13, 2025, February 26, 2025, and April 10, 2025, which are available under the Company’s profile on SEDAR+.
About Magma Silver Corp.
Magma Silver Corp. is a natural resource company with a focus on the acquisition, exploration, development, and operation of precious metal mining exploration projects. The Company’s primary focus will be on exploring and developing the advanced Niñobamba silver gold project in the mining supportive country of Peru.
For further information, please contact Magma Silver Corp.:
Stephen Barley, Executive Chairman
Jason Baker, Chief Financial Officer
Phone: +1-604-252-2672
Email: info@magmasilver.com
Website: www.magmasilver.com
Reader Advisory
This news release may contain forward-looking information within the meaning of applicable securities laws. All information and statements other than statements of current or historical facts contained in this news release are forward-looking information. Forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed here and elsewhere in African Energy Metals’ periodic filings with Canadian securities regulators. When used in this news release, words such as “will”, “could”, “plan”, “estimate”, “expect”, “intend”, “may”, “potential”, “should,” and similar expressions, are forward-looking statements. The information provided in this document is necessarily summarized and may not contain all available material information. Forward-looking statements include those in relation to the Company’s expectations regarding the potential for economic mineralization on the Niñobamba project and the expected timing of the Company’s reactivation and commencement of trading on Tier 2 of the TSXV under the new symbol. Although the Company believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can’t make any assurances that its expectations will be achieved. Such assumptions may prove incorrect. Although the Company has attempted to identify important factors that could cause actual results, performance, or achievements to differ materially from those contained in the forward-looking statements, there can be other factors that cause results, performance, or achievements not to be as anticipated, estimated, or intended. There can be no assurance that such information will prove to be accurate or that management’s expectations or estimates of future developments, circumstances, or results will materialize. As a result of these risks and uncertainties, no assurance can be given that any events anticipated by the forward-looking information in this news release will transpire or occur, or, if any of them do so, what benefits that the Company will derive therefrom. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements in this news release are made as of the date of this news release, and the Company disclaims any intention or obligation to update or revise such information, except as required by applicable law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
GoldHaven Resources Completes Diamond Drilling at Copeçal Gold Project, Reports Sulphide Mineralisation at East Target
VANCOUVER, British Columbia, Dec. 17, 2025 (GLOBE NEWSWIRE) — GoldHaven Resources Corp. (“GoldHaven” or the “Company”) is pleased to provide a comprehensive update on its inaugural diamond drilling program at the Copeçal Project, further to its previous press releases announcing the commencement of drilling, the intersection of sulphide mineralisation in Hole COPE-PDH-004, and the subsequent drilling of a follow-up Hole COPE-PDH-009.
Highlights
- Inaugural diamond drilling program successfully completed at the Copeçal Project, marking the first-ever diamond drilling campaign on the property, with nine holes totaling 1,085.7 metres completed.
- Sulphide mineralisation intersected at the Eastern Gold-in-Soil Anomaly, including chalcopyrite–pyrite over ~30 metres in Hole COPE-PDH-004 and bornite–chalcopyrite–pyrite over ~5 metres in follow-up Hole COPE-PDH-009.
- First occurrence of bornite identified at Copeçal, indicating multi-phase hydrothermal fluid activity and providing an important geological vector for ongoing interpretation and targeting.
- Deep saprolite profile encountered at the Western Gold-in-Soil Anomaly, with weathering extending to ~60 metres, suggesting potential for gold mineralisation within the saprolite and/or oxidation of primary sulphides.
- Assay results pending, with all drill core currently being logged and sampled to be submitted to ALS Laboratories prior to year-end.
The Company confirms that the drilling program has now been successfully completed, representing the first diamond drilling campaign ever conducted at the Copeçal Project. A total of nine diamond drill holes were completed for a combined drill meterage of 1085.70m, targeting two priority gold-in-soil anomalies located in the eastern and western portions of the project area.
https://ml.globenewswire.com/Resource/Download/499b6aa4-501f-42f5-a25f-108d0995ba33/image1.png
Figure 1. Location of diamond drill holes completed in the inaugural program testing the Copeçal Targets (East and West).
| Hole_ID | East_X | North_Y | Elev_Z | Downhole Depth (m) | Azimuth | Dip | Date_start | Date_finish | Target |
| COPE_PDH_001 | 561747 | 8871685 | 306 | 100.00 | 181.64 | 60.3 | 10/5/2025 | 10/9/2025 | East |
| COPE_PDH_002 | 561747 | 8871685 | 306 | 121.40 | 188.81 | 80.13 | 10/9/2025 | 10/14/2025 | East |
| COPE_PDH_003 | 561650 | 8871676 | 307 | 120.05 | 179.23 | 58.6 | 10/16/2025 | 10/21/2025 | East |
| COPE_PDH_004 | 561849 | 8871691 | 305 | 100.25 | 173.93 | 60.58 | 10/23/2025 | 10/26/2025 | East |
| COPE_PDH_005 | 557655 | 8869976 | 302 | 143.95 | 202.07 | 61 | 11/1/2025 | 11/7/2025 | West |
| COPE_PDH_006 | 557745 | 8869945 | 303 | 101.75 | 207.85 | 60.77 | 11/12/2025 | 11/15/2025 | West |
| COPE_PDH_007 | 557629 | 8869926 | 302 | 84.00 | 20.11 | 58.20 | 11/17/2025 | 11/20/2025 | West |
| COPE_PDH_008 | 557696 | 8870054 | 300 | 118.15 | 199.32 | 58.84 | 11/21/2025 | 11/25/2025 | West |
| COPE_PDH_009 | 561849 | 8871691 | 305 | 196.15 | 180 | 80 | 12/6/2025 | 12/10/2025 | East |
| TOTAL | 1085.70 |
Table 1: Tabulation of drilling statistics from the inaugural diamond drilling phase at the Copeçal Targets (East and West).
Eastern Gold-in-Soil Anomaly – Sulphide Mineralisation and Follow-Up Drilling
As previously reported, Hole COPE-PDH-004 intersected a substantial sulphide-bearing interval encountered during the program, which prompted the Company to drill Hole COPE-PDH-009 to further investigate this mineralised zone.
Key geological observations from drilling at the eastern anomaly include:
- A zone of sulphide mineralisation over approximately 30 meters in hole COPE-PDH-004 (chalcopyrite-pyrite) and 5 metres (bornite – chalcopyrite and pyrite) in hole COPE-PDH-009.
- Bornite* observed for the first time at the Copeçal Project in hole COPE-PDH-009.
- Sulphide mineralisation associated with phyllic alteration
*Bornite is a copper-iron sulphide mineral commonly associated with hydrothermal mineral systems, including porphyry- and structurally controlled environments. While the presence of bornite and other sulphides does not confirm the presence of economic mineralisation, this assemblage indicates multi-phase hydrothermal fluid activity and provides an important geological vector that will be further assessed once assay results are available.
Hole COPE-PDH-009 was designed to test the continuity and geological context of the sulphide-bearing interval intersected in Hole COPE-PDH-004. All core from these holes is being logged and sampled, with analytical results pending.
https://ml.globenewswire.com/Resource/Download/e01f4419-249c-4262-9a70-60dea3e55ac3/image3.png
Figure 2: Schematic section showing the relative location of holes COPE-PDH-004 and follow up hole COPE-PDH-009 which intersected sulphide mineralization (bornite-chalcopyrite-pyrite associated with phyllic (sericite-quartz-pyrite-carbonate) alteration.
https://ml.globenewswire.com/Resource/Download/698891f8-45c2-4a1e-a927-9e1579982831/image4.png
Figure 3: Images of disseminated sulphide mineralization intersected in COPE-PDH-004 and follow up hole COPE-PDH-009 (bornite-chalcopyrite-pyrite associated with phyllic (sericite-quartz-pyrite-carbonate) alteration.
Western Gold-in-Soil Anomaly – Deep Saprolite Profile
Drill holes COPE-PDH-005 through COPE-PDH-008, which targeted the western gold-in-soil anomaly, intersected a substantially thicker saprolite profile extending to approximately 60 metres downhole.
While no visible sulphides were observed in fresh core, the following geological features were logged:
- Shearing, alteration, and quartz veining.
- A thick weathered profile suggesting that any gold mineralisation present may have been intersected within saprolite.
- Potential oxidation of any primary sulphide mineralisation originally present within the weathered zone.
Accordingly, assay results from saprolite intervals will be required to properly evaluate the gold potential of the western anomaly.
https://ml.globenewswire.com/Resource/Download/0519c19a-de30-4ab6-b86e-e425a89391b7/image5.jpg
Figure 4: Image showing plan and section through diamond holes COPE-PDH-005, 007 and 008, West Target, Copeçal Project.
Regional Geological Context
The Copeçal Project is located within the broader Alta Floresta Mineral Province, a Paleoproterozoic belt recognised for hosting multiple gold and copper occurrences. Mineralisation within the region is commonly associated with:
- Structurally controlled hydrothermal systems
- Quartz veining and phyllic alteration
- Sulphide assemblages that may include pyrite, chalcopyrite and locally bornite
These regional characteristics provide important geological context for the sulphide and alteration assemblages observed at Copeçal and will inform ongoing interpretation and future exploration planning.
Sampling, Assays and Next Steps
- Logging and sampling of all remaining drill core is ongoing
- Samples will be submitted to ALS Laboratories prior to year-end
- Assay results will be reported as they are received, in accordance with CSE disclosure requirements
The Company emphasises that mineral exploration is inherently high-risk, particularly at an early stage, and that geological observations alone are not indicative of economic mineralisation. Nevertheless, GoldHaven believes the geological knowledge gained from this inaugural diamond drilling program has significantly advanced the understanding of the Copeçal Project and represents an important step toward refining future exploration strategies.
GoldHaven remains encouraged by the results to date and looks forward to providing further updates as analytical results become available.
Rob Birmingham, CEO of GoldHaven Resources, commented:
“Intersecting sulphide mineralisation in Hole COPE-PDH-004 and subsequently in follow-up Hole COPE-PDH-009 at our East Target during a first-pass drilling program has provided valuable new geological insights. These results continue to enhance our understanding of the system as we integrate geological, structural, and geochemical data to refine targeting across both the East and West anomalies, as well as other prospective targets identified from our newly developed 3D diamond drilling dataset at Copeçal.”
About the Copeçal Gold Project: A Brief History
The Copeçal Gold Project is strategically situated within the Alta Floresta Gold Province, a historically productive region that has yielded substantial gold discoveries since the late 1970s. GoldHaven’ s tenements cover a total of 3,681 hectares in a geologically favourable setting within the Juruena Gold Province of Brazil.
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Figure 5: Location of the Copeçal Gold Project within Alta Floresta gold province, with competitor locations.
The Juruena Gold Province, also known as the Juruena Magmatic Arc, is an orogenic belt highly prospective for mesothermal shear-related and intrusion-related gold deposits, such as G-Mining’s Tocantinzinho deposit. Additionally, the region hosts recently identified porphyry-style deposits (e.g., Serabi, Jaca) and epithermal-style deposits (e.g., X1, Aura). The presence of multiple deposit styles, along with the confirmation of large-scale gold deposits in the Juruena Province of Brazil, underscores the significant potential of the Copeçal Gold Project.
Recent exploration programs, including geochemical soil sampling, drone-mounted magnetometry surveys, and historical drilling data, indicate the presence of multiple gold-bearing structures. Notably, AngloGold Ashanti previously conducted systematic exploration on the property from 2010 to 2016, including auger and air-core drilling, geophysical surveys, and rock geochemistry, identifying multiple zones of anomalous gold mineralization.
The Copeçal Gold Project benefits from extensive historical work, with AngloGold Ashanti’s exploration confirming gold and arsenic anomalies, indicative of significant mineralization potential. Soil sampling grids and follow-up auger drilling in key areas revealed consistent gold values over wide zones, further supporting the presence of a substantial mineralized system.
About GoldHaven Resources Corp.
GoldHaven Resources Corp. is a Canadian junior exploration Company focused on acquiring and exploring highly prospective land packages in North and South America. The Company’s projects include (i) the flagship Magno Project, a district-scale polymetallic property adjacent to the historic Cassiar mining district in British Columbia; (ii) the Three Guardsman Project, which exhibits significant potential for copper and gold-skarn mineralization; (iii) the Copeçal Gold Project, a drill-ready gold project located in Mato Grosso, Brazil with a 6km strike of anomalous gold in soil samples; and (iv) three critical mineral projects with extensive tenement packages totalling 123,900 hectares: Bahia South, Bahia North and Igautu projects located in Brazil.
Qualified Person:
The scientific and technical information disclosed in this document has been reviewed and approved by Jonathan Victor Hill, B.Sc. Hons, FAusIMM, an independent Qualified Person consistent with NI 43-101 and Country Manager of GoldHaven.
On Behalf of the Board of Directors
Rob Birmingham, Chief Executive Officer
For further information, please contact:
Rob Birmingham, CEO
www.GoldHavenresources.com
info@goldhavenresources.com
Office Direct: (604) 629-8254
The CSE and Information Service Provider have not reviewed and does not accept responsibility for the accuracy or adequacy of this release.
Forward-Looking Statements
This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Often, but not always, forward-looking information and information can be identified by the use of words such as “plans”, “expects” or “does not expect”, “is expected”, “estimates”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Actual future results may differ materially. In particular, this news release contains forward-looking information relating to the Company and the Property. The forward-looking information reflects management’s current expectations based on information currently available and are subject to a number of risks and uncertainties that may cause outcomes to differ materially from those discussed in the forward-looking information. Such risk factors may include, among others, but are not limited to: general economic conditions in Canada and globally; industry conditions, including governmental regulation and environmental regulation; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; stock market volatility; competition for, among other things, skilled personnel and supplies; incorrect assessments of the value of acquisitions; geological, technical, processing and transportation problems; changes in tax laws and incentive programs; failure to realize the anticipated benefits of acquisitions and dispositions; and the other factors. Although the Company believes that the assumptions and factors used in preparing the forward-looking information are reasonable, undue reliance should not be placed on such information and no assurance can be given that such events will occur in the disclosed time frames or at all. Factors that could cause actual results or events to differ materially from current expectations include: (i) adverse market conditions; and (ii) other factors beyond the control of the Company. New risk factors emerge from time to time, and it is impossible for the Company’s management to predict all risk factors, nor can the Company assess the impact of all factors on Company’s business or the extent to which any factor, or combination of factors, may cause actual results to differ from those contained in any forward-looking information. The forward-looking information included in this news release are made as of the date of this news release and the Company expressly disclaims any intention or obligation to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required by applicable law. Additional information identifying risks and uncertainties that could affect financial results is contained in the Company’s filings with Canadian securities regulators, which are available on the Company’s profile at www.sedarplus.ca.
Photos accompanying this announcement are available at:
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Figure 1:
Location of diamond drill holes completed in the inaugural program testing the Copeçal Targets (East and West).
Figure 2:
Schematic section showing the relative location of holes COPE-PDH-004 and follow up hole COPE-PDH-009 which intersected sulphide mineralization (bornite-chalcopyrite-pyrite associated with phyllic (sericite-quartz-pyrite-carbonate) alteration.
Figure 3:
Images of disseminated sulphide mineralization intersected in COPE-PDH-004 and follow up hole COPE-PDH-009 (bornite-chalcopyrite-pyrite associated with phyllic (sericite-quartz-pyrite-carbonate) alteration.
Figure 4:
Image showing plan and section through diamond holes COPE-PDH-005, 007 and 008, West Target, Copeçal Project.
Figure 5:
Location of the Copeçal Gold Project within Alta Floresta gold province, with competitor locations.
Source: GoldHaven Resources Corp.
© 2025 GlobeNewswire, Inc.
About Magma Silver Corp.
Magma Silver Corp. is a Canadian exploration company focused on its flagship Niñobamba Project in Peru. Spanning an 8 km mineralized corridor within a prolific geological belt, the project has been extensively explored by Newmont Mining and others, confirming significant resource potential. With over $14.5M CAD invested, Magma Silver is advancing Niñobamba through modern geological modeling and a strategic development plan to maximize its value.
MAGMA SILVER
• Led by an experienced management team with a strong track record in mineral discovery and mine development.
• Has a right to acquire a 100% interest in the Niñobamba Project, which includes two high-potential silver and gold deposits.
NIÑOBAMBA
• Historical drilling and recent discoveries confirm significant silver and gold mineralization across the project.
• Drilling highlights include:
• JM1: 53.1 to 125.4 (72.3m) 1.19 g/t Au • JM1: 184.75 to 209.35 (24.6 m) 1.07 g/t • The 8 km mineralized trend exhibits strong gold-silver mineralization, demonstrated by:
• TR-01:56 m 1.03 g/t Au, 98.9 g/t Ag; • TR-04: 21 m 1.32 g/t Au, 102 g/t Ag (Open);
STRATEGY
• Community consultation and environmental studies are complete for Jorimina drilling in Q3 2025.
• Plans to re-drill Newmont’s 2012 mineral inventory and conduct infill drilling to establish a NI 43-101 compliant resource at Jorimina.
• Permitting for Niñobamba North and South Zones is in progress, with drilling permits expected in Q4 2025.
EXCHANGE:
TSXV
Symbol: MGMA
EXCHANGE:
OTC
Symbol: MAGMF
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