Magna Terra Minerals Inc.
Other OTCCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Lewis Victor Lawrick
- Sector
- Basic Materials
- Industry
- Industrial Materials
- Address
- 20 Adelaide Street East Toronto ON Canada M2C 2T6
- IPO Date
- Jan 29, 2010
- Website
- magnaterraminerals.com
- Similar Companies
- Business
- Magna Terra Minerals Inc. is a precious and critical metals exploration company headquartered in Toronto, Canada, focused on acquiring and advancing high-potential mineral projects primarily in Atlantic Canada and Argentina. The company’s core portfolio includes 100% ownership of the Humber Copper-Cobalt Project in Newfoundland and Labrador, the Rocky Brook Gold Project and Cape Spencer Gold Project in New Brunswick, as well as a significant exploration portfolio in Santa Cruz, Argentina, which covers the Boleadora Project (optioned to Newmont Corporation), the Luna Roja precious metals discovery near infrastructure in Argentina, and multiple district-scale drill-ready projects available for option or joint venture. Magna Terra’s principal activities involve the exploration and development of precious metals such as gold, silver, copper, and cobalt, leveraging option and joint venture partnerships to maximize value while minimizing shareholder dilution. Recent major company developments include the expansion of the Fournier Lake Gold Property footprint at the Rocky Brook Project, extended copper mineralization zones at the Humber Project, completion of airborne geophysical surveys, strategic option agreements such as the optioning of the Great Northern Project to Gold Hunter Resources Inc. for $9.5 million over two years, and a $3.4 million receipt of cash and marketable securities from option payments related to the Boleadora and Great Northern projects. The company also benefits from a strategic partnership with renowned junior mining investor Michael Gentile, who holds a 19.99% stake, supporting Magna Terra’s growth and exploration efforts across Canada and Argentina since its founding and headquarters based in Toronto, solidifying its position in top-tier mining jurisdictions.
Magna Terra Acquires the Shellbird Gold Project in Western Newfoundland via Staking; Identifies Orogenic Gold Potential Along Major Fault System
Fossil Hill Zone Trench Results Return up to 9,590 ppm Cu in Bedrock and Soil Sampling Results Show Strong Geochemical Anomalies Along the Boudreau Brook-Fossil Hill Trend at Magna Terra's Rocky Brook Project, New Brunswick
Magna Terra Announces Amendment to Great Northern Project Option Agreement
Magna Terra Extends Geochemical Anomaly to 4.2 Kilometres at the Birch Zone on the Humber Copper-Cobalt Project, Newfoundland
Magna Terra Announces Results of Annual and Special Meeting
Magna Terra to Participate in the Red Cloud Pre-PDAC Mining Showcase
Magna Terra Outlines Stream Sediment Anomalies on the Humber Copper-Cobalt Project, Newfoundland
Magna Terra Expands Land Position in Northern New Brunswick; Acquires the Oxford Project
Magna Terra Acquires Large, Prospective Prospect Or's Dream Epithermal Gold Project in North-Central New Brunswick
Magna Terra Samples High-Grade Copper Assaying up to 8.17% Cu at the Restigouche Trend, Rocky Brook Project, New Brunswick
Magna Terra Exposes Significant Copper Mineralization in Trenches at the Fossil Hill Zone, Rocky Brook Project, New Brunswick
Magna Terra Extends Zone of Surface Copper Mineralization to 2.2 Kilometres at the Humber Copper-Cobalt Project in Newfoundland
Magna Terra Identifies Multiple Priority Exploraton Targets at the Rocky Brook Project in the Bathurst Mining Camp, New Brunswick; Expands Land Package Along Key Trends
Magna Terra Identifies Airborne Conductors, Expands Property, and Reports Additional Copper and Gold Assays at the Humber Copper-Cobalt Project in Newfoundland
Magna Terra Completes 100% Earn-In on the Cape Spencer Project, New Brunswick
Magna Terra Closes Upsized Non-Brokered Premium Flow-Through Private Placement for Gross Proceeds of $2 Million
Magna Terra Receives Copper Assays up to 1.26% Cu from New Discovery at the Humber Copper-Cobalt Project in Newfoundland; Expands Zone of Surface Mineralization to 1 Kilometre and Acquires Additional Claims
Magna Terra Announces Upsize to Premium Flow-Through Private Placement
Magna Terra Announces Fully Subscribed $1,000,000 Premium Flow-Through Private Placement
Magna Terra Discovers Copper Mineralization and Completes Airborne Geophysical Survey at the Humber Copper-Cobalt Project in Newfoundland