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Magma Silver ( (TSE:MGMA) ) just unveiled an announcement.
Magma Silver Corp. has announced a $4 million non-brokered private placement to fund exploration at its Niñobamba silver-gold project in Peru, as well as for working capital and general corporate purposes. This move is expected to enhance the company’s exploration efforts in Peru, potentially strengthening its position in the precious metals market. The offering is anticipated to close by October 22, 2025, subject to regulatory approvals, and Research Capital Corporation has been appointed as the exclusive finder for this transaction.
More about Magma Silver
Magma Silver Corp. is a natural resources exploration company focused on acquiring, exploring, developing, and operating precious metal mining projects. The company is primarily engaged in the exploration and development of the Niñobamba silver-gold project in Peru, which is located in a prolific geological belt and has significant resource potential.
Average Trading Volume: 324,124
Technical Sentiment Signal: Hold
Current Market Cap: C$6.19M
Find detailed analytics on MGMA stock on TipRanks’ Stock Analysis page.