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Magellan Gold Corporation
- Market Cap
- Unavailable
- Price
- $0.1595
- % Change (Daily % change from the live per-ticker quote feed.)
- 0.00%
- Volume
- 9.2K
About
Magellan Gold Corporation, an Idaho-based entity in the exploration phase, concentrates its efforts on finding, acquiring, and advancing mineral resources within the state. Its core asset is the Center Star Gold Mine, entirely owned by the company, which covers 620 acres across 31 unpatented lode claims near Elk City, Idaho. Furthermore, Magellan Gold is systematically developing a group of operational gold mines throughout the Western United States. The company was founded in 2010 and operates from its main office in Wallace, Idaho.
Quick stats
Shares outstanding—
Computed float8.0M
Float / sharesUnknown
Key info
SectorBasic Materials
IndustryOther Precious Metals
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0001515317
AI Summary
AI-generated1/2
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Magellan Copper and Gold Corp Subsidiary Magellan Energy Corp Enters into Letter of Intent to Acquire Ramm Power Group
Magellan Copper & Gold Corp.'s subsidiary, Magellan Energy, entered a Letter of Intent to acquire Ramm Power Group to pursue brownfield development opportunities in energy production and storage.
The transaction is aimed at capitalizing on accelerating power demand from AI data centers, utilizing Ramm's focus on pump storage solutions for solar, wind, and nuclear sources.
Ramm Power Group has developed projects to address grid stability issues, which Magellan intends to advance to the next level upon closing.
Red flags
- Non-binding LOI with no deal terms or valuation disclosed
- Significant diversification from mining to energy storage execution risk