Magna Terra Minerals Inc. is pleased to announce that it has entered into a Purchase Option Agreement dated May 28, 2024 with Gold Hunter Resources Inc. for the sale of its Viking and Great Northern Project or in western Newfoundland, for gross proceeds of $9.5 million payable as a combination of cash and Gold Hunter common shares over a two year option period. "This is a fantastic outcome for Magna Terra and its [...]
Magna Terra Minerals Inc. is pleased to announce that pursuant to an option agreement with Opus One Gold Corporation regarding the Noyell Project , Magna Terra has received the fifth and final anniversary option payment of $200,000, which completes Opus One's requirements to earn a 100% ownership interest in the Noyell Project per the terms of the option agreement. About Magna Terra Magna Terra Minerals Inc. is a precious [...]
Magna Terra Minerals Inc. is pleased to announce through its 100% owned Argentine subsidiary Atala Resources S.A. , that Oroplata S.A. , a subsidiary of Newmont Corporation , has provided a detailed summary report of its 2023 exploration program undertaken to date on the Boleadora Project . In addition, Oroplata has made the third anniversary option payment of US$150,000 to Atala under the option agreement . Boleadora [...]
Magna Terra Minerals Inc. is pleased to announce that all resolutions proposed to shareholders at the annual and special meeting held today were duly passed. All the nominees listed in the management information circular for the meeting were elected as directors of the Company. Detailed results of the vote for the election of directors are set out below. Nominee Votes For % For Votes Against % Against Michael Byron [...]
Magna Terra Minerals Inc. is pleased to announce results of an exploration program completed in fall 2023 on its 100% owned flagship Great Northern Project , located in western Newfoundland. The exploration program comprised a 246-line kilometre drone magnetic survey, collection of 25 rock grab samples, and 1,388 B-horizon soil samples covering unexplored areas of the Project. The program was partially funded by the [...]
Magna Terra Minerals Inc. announces that the Company has filed the Technical Report entitled "NI 43-101 Technical Report and Mineral Resource Estimate on the Thor Gold Deposit, Viking Project, White Bay Area, Newfoundland, Canada" dated December 20, 2023 and with an effective date of October 24, 2023 . The Company engaged the services of Independent Qualified Persons Matthew Harrington, P.Geo., and Rochelle Collins [...]
Magna Terra Minerals Inc. announces that it has closed its non-brokered private placement of gross proceeds totalling $324,869 . The Company has issued 10,828,980 common shares at a price of $0.03 per share. The gross proceeds of the Offering will be used to incur expenditures on the Company's properties. Below is a summary of the major categories applied to the gross proceeds as required by the policies of the TSX [...]
Magna Terra Minerals Inc. is pleased to announce that it has commenced an exploration program on its 100% owned Great Northern Project , located in western Newfoundland. Great Northern is a proven gold environment with existing Mineral Resources and numerous untested gold trends over a cumulative 30+ kilometre strike with the potential to host multi-million-ounce gold deposits . The exploration program will comprise an [...]
Magna Terra Minerals Inc. is pleased to announce that it has completed a second closing of its non-brokered private placement of gross proceeds totalling $80,100, bringing the total proceeds received to date to $324,869. The full private placement of gross proceeds up to $600,000 will consist of an issuance of common shares of the Company at a price of $0.03 per share for a total issuance of up to 20,000,000 common [...]
Magna Terra Minerals Inc. is pleased to announce that it has completed an Updated Mineral Resource Estimate on the Thor Deposit on its 100% owned Great Northern - Viking Project , located in western Newfoundland. The Great Northern - Viking Project area is a proven gold environment with existing Mineral Resources and numerous untested gold trends over a cumulative 30+ kilometre strike with the potential to host [...]
Magna Terra Minerals Inc. is pleased to announce that it has completed a first closing of its non-brokered private placement of gross proceeds totalling $244,769. The full private placement of gross proceeds up to $600,000 will consist of an issuance of common shares of the Company at a price of $0.03 per share for a total issuance of up to 20,000,000 common shares. The gross proceeds of the Offering will be used to incur [...]
Magna Terra Minerals Inc. announces that it has entered into amended option agreements regarding its Cape Spencer Project in southern New Brunswick. Under the original terms of the Marigold option agreement, the Company can earn a 100% interest in the Marigold Property by paying the Optionor a total of $200,000 . The Company has entered into an amended agreement whereby it will now earn a 100% property interest by paying [...]
