Magna Terra Minerals

What Magna Terra Minerals does

Magna Terra Minerals Inc. is a precious and critical metals exploration company headquartered in Toronto, Canada, and listed on the TSX Venture Exchange under ticker MTT.V. The company focuses on acquiring and advancing mineral exploration projects in two top-tier mining jurisdictions: Atlantic Canada (Newfoundland and New Brunswick) and Santa Cruz Province, Argentina. Its core product is a diversified portfolio of 13 named exploration projects, including the 100%-owned Humber Copper-Cobalt Project, Rocky Brook Project, and Cape Spencer Project in Atlantic Canada, plus the Boleadora Group (optioned to Newmont's Oroplata subsidiary), Luna Roja (optioned to Andean Metals), and several other district-scale gold/silver projects in Argentina. The Great Northern and Viking Projects in Newfoundland are under option to Gold Hunter Resources.

Magna Terra employs modern exploration techniques including airborne geophysics (VTEM magnetics and electromagnetics), soil and stream sediment geochemistry, trenching, and diamond drilling to identify and advance precious and critical metals targets. The company applies a sediment-hosted stratiform copper (SSC) exploration model at its Humber Project and partners with Gold Hunter Resources, which uses Windfall Geotek's AI-assisted targeting at Great Northern.

The company generates cash primarily through a project-generation and optioning model: it acquires and advances projects, then monetizes non-core assets via option agreements and joint venture partnerships, retaining royalties and equity stakes while partners fund ongoing exploration. Magna Terra also raises capital through non-brokered premium flow-through private placements. Expected option and JV payments total approximately $12.2M during 2024-2029, including $8.7M due in 2025-2026. The company targets joint venture and option partners (mid-tier and junior miners) as well as flow-through investors seeking exposure to mineral exploration in stable jurisdictions.

Name

Magna Terra Minerals

Legal name

Magna Terra Minerals Inc.

Website

https://magnaterraminerals.com

Company type

Public

Founded year

2009

Operating status

Operating

Headcount range

1–10 employees

Short description

Magna Terra Minerals is a Toronto-based precious and critical metals exploration company operating a portfolio of 13 mineral projects across Atlantic Canada and Argentina, monetizing non-core assets through option and joint venture agreements while advancing 100%-owned flagship projects in copper-cobalt and gold.

Ownership category

akta.pro rank

Product category

Mineral Exploration

NAICS

Copper, Nickel, Lead, and Zinc Mining (212230), Mining (except Oil and Gas) (212)

SIC

Gold And Silver Ores (1040), Metal Mining (1000)

akta.pro primary industry

Precious Metals Exploration & Project Development (IMAKAEAI)

Keywords

• Mineral exploration services
• Precious metals exploration
• Critical metals exploration
• Gold exploration projects
• Copper-cobalt exploration

Headquarters

HQ city

Toronto

HQ country

Canada

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Option and Joint Venture Payments: Magna Terra options its exploration projects to partners who make cash and share payments over time. The Great Northern Project option to Gold Hunter Resources totals $10.075 million over a 2-year period extended to 2028. The Luna Roja Project was optioned to Andean Metals for $2.375 million in cash and shares payable over 4 years.
2. Flow-Through Private Placements: The company raises exploration capital through non-brokered premium flow-through private placements, selling flow-through shares to investors. In March 2025, the company raised $2 million through 14,814,845 flow-through common shares at $0.135 each.
3. Equity Holdings in Partner Companies: Magna Terra maintains equity stakes in partner companies as part of option agreements. Following the Great Northern amendment, Magna Terra increased its equity stake in Gold Hunter Resources to approximately 19%.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Magna Terra Minerals is a precious and critical metals mineral exploration company that acquires and advances high-potential mineral projects in Atlantic Canada and Argentina. The company systematically explores its portfolio of 100%-owned projects using modern exploration techniques and monetizes non-core assets through option and joint venture partnerships to generate cash, reduce shareholder dilution, and accelerate project advancement. Its portfolio includes gold, copper, and cobalt projects in Newfoundland, New Brunswick, and Santa Cruz Province, Argentina.

Product overview

Magna Terra Minerals is a precious and critical metals focused mineral exploration company with a diversified portfolio of exploration projects. The company operates two primary project portfolios: Atlantic Canada (Humber Copper-Cobalt, Rocky Brook, Cape Spencer, Great Northern/Viking, Shellbird) and Argentina (Luna Roja, Boleadora, Piedra Negra, Cerro Covadonga, Gertrudis, El Meridiano, La Rosita, Signos). The company creates value through systematic exploration using modern technologies (airborne geophysics, geochemical surveys, AI-assisted targeting) to discover and advance mineral deposits, with a strategy to monetize non-core assets through option agreements and joint ventures while advancing flagship 100%-owned projects.

Differentiator

Problem solved

Functional benefit

Products and services

• Humber Copper-Cobalt Project Early-stage copper-cobalt exploration project in western Newfoundland covering approximately 50,000 hectares, targeting sediment-hosted stratiform copper deposits analogous to major global copper-cobalt deposits. The project uses lake sediment geochemistry, soil sampling, and airborne geophysics to identify drill targets.
• Rocky Brook Project Precious and base metals exploration project in the Bathurst Mining Camp of northern New Brunswick covering approximately 28,089 hectares, targeting copper, cobalt, and gold mineralization. Trench samples have returned copper values up to 9,590 ppm from the Fossil Hill Zone.
• Cape Spencer Project Gold exploration project in southern New Brunswick covering 5,045 hectares along 15 km of strike, with an inferred mineral resource of 151,000 contained gold ounces. Magna Terra completed 100% earn-in on the project in September 2025.
• Great Northern and Viking Projects Gold exploration projects in Newfoundland comprising 13,775 hectares along the Doucers Valley Fault, hosting the Rattling Brook and Thor Deposits with combined indicated resources of 51,000 gold ounces. Optioned to Gold Hunter Resources for $10.075 million in cash and share payments over a period extended to 2028, with Gold Hunter planning a 10,000-metre drill program.
• Shellbird Gold Project Gold exploration project acquired via staking in western Newfoundland, targeting orogenic gold potential along the Doucer's Valley Fault Zone.
• Luna Roja Project Gold and silver exploration project in Santa Cruz Province, Argentina, optioned to Andean Metals for $2.375M, targeting low sulphidation epithermal mineralization. The project is proximal to Cerrado Gold's operating Don Nicholas Project infrastructure.
• Boleadora Group Large greenfield gold and silver exploration land package of 55,000 hectares in Santa Cruz Province, Argentina, comprising 12 properties in the Boleadora Group. Operated by Oroplata (Newmont subsidiary) with a 2% NSR retained by Magna Terra.
• Piedra Negra Project Gold exploration project in the Deseado Massif of Argentina covering 8,000 hectares, targeting low sulphidation epithermal vein and stockwork mineralization.
• Cerro Covadonga Project Early-stage gold exploration project in the Deseado Massif, Argentina covering 2,945 hectares, targeting low sulphidation veins and breccias with drill-ready status.
• El Meridiano Project Gold exploration project in the Deseado Massif, Argentina covering 2,970 hectares, targeting gold in low sulphidation veins and breccias within a caldera complex.
• Gertrudis Project Gold exploration project in the Deseado Massif, Argentina covering 4,000 hectares, featuring the Gertrudis and David vein systems with epithermal potential.
• La Rosita Project Gold exploration project in the Deseado Massif, Argentina covering 2,900 hectares, targeting gold in sinters with historical drilling intercepts.
• Signos Project Gold and silver exploration project in the Deseado Massif, Argentina covering 4,000 hectares, targeting low sulphidation veins across Lambda, Alpha, and Omega zones.

Quantifiable outcome

• Humber Copper-Cobalt Project: Geochemical footprint expanded from 2.2 km to 4.2 km at Birch Zone with copper values up to 1,130 ppm and cobalt values up to 100 ppm
• +2 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Four partnerships are on record, tiered minor, core and major.

• Rory KutluogluminorOthers · 31 March 2026Gold Hunter Resources appointed Rory Kutluoglu as Vice President of Exploration as part of their team restructuring to execute the inaugural drill program at the Great Northern Project.
• Gold Hunter Resources Inc.coreChannel Partner/ Reseller/ Distributor · 18 March 2026Gold Hunter Resources holds an option on the Great Northern Gold Project in Newfoundland. The agreement was amended in March 2026 to extend the option period to June 2028 and increase total gross proceeds to $10.075 million (from $9.5 million). Following the amendment, Magna Terra holds approximately 19% equity stake in Gold Hunter Resources. Gold Hunter is planning a 10,000-metre drill program at the Great Northern Project.
• Andean MetalsmajorChannel Partner/ Reseller/ Distributor · 6 October 2025Andean Metals signed an option agreement for the Luna Roja Project in Santa Cruz, Argentina, for $2.375 million in cash and shares payable over 4 years. The agreement includes proposed exploration work with 4,000m trenching and 3,000m diamond drilling programs.
• Newmont Corporation (Oroplata subsidiary)coreStrategic or Co-development Partner · 1 January 2020Newmont, through its subsidiary Oroplata, operates and holds an option on the Boleadora Project in Santa Cruz, Argentina. Magna Terra sold the Boleadora Project to Oroplata for $1 million plus a 2% NSR royalty (reducible to 1% for $2.5M, capped at $20M). Newmont is advancing the project as part of their regional Cerro Negro exploration program.

Scale indicators8 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• NexGold Mining Corp. (formerly Signal Gold): Direct peer as a TSX-V gold-focused exploration/development company founded and led by Magna Terra CEO Lewis Lawrick before Signal Gold was renamed NexGold; comparable Atlantic Canada gold project portfolio and similar junior-mining business model.
• Marathon Gold Corp. Direct peer operating the Valentine Gold Project in Newfoundland — the same jurisdiction and gold-deposit style Magna Terra targets at Great Northern/Viking and Cape Spencer. Magna Terra director Tanya Tettelaar was previously Project/Exploration Manager at Marathon, highlighting deep operating overlap.
• Gold Hunter Resources Inc. Direct peer and option partner on the Great Northern Gold Project in Newfoundland. Gold Hunter is planning a 10,000-metre drill program and uses AI-assisted targeting from Windfall Geotek — making it the closest direct comparable to Magna Terra's Newfoundland gold exposure.
• Andean Metals Corp. Direct peer and option partner on the Luna Roja Project in Santa Cruz, Argentina. Andean Metals is a gold/silver-focused junior operating in the same Deseado Massif district where Magna Terra holds Piedra Negra, Cerro Covadonga, Gertrudis, El Meridiano, La Rosita and Signos.
• Nighthawk Gold Corp. Direct peer — Canadian junior explorer focused on the Colomac Gold Project in Canada's NWT, previously advanced by Magna Terra director Michael Byron. Comparable size, stage, and project-generation model to Magna Terra.
• Discovery Silver Corp. Direct peer — silver-focused explorer with director-level linkage (Gernot Wober previously VP Exploration). Comparable precious-metals junior model and similar project-generation approach in the Americas.
• First Nordic Metals Corp. Direct peer — Scandinavian-focused gold/base-metals junior where Magna Terra director Gernot Wober serves as VP Exploration. Comparable size, stage, and project-generation approach, with management linkage.

Broad incumbents

• Osisko Mining Inc. Broader-incumbent Canadian gold developer (Windfall Project in Quebec) with materially larger capitalization. Director Gernot Wober led the Lynx Zone discovery at Windfall, providing direct management linkage. Comparable as a benchmark Atlantic Canada/Canadian gold-discovery story at scale.

Regional players

• Cerrado Gold Inc. Regional peer — operates the Don Nicholas Mine in Santa Cruz Province, Argentina, the same district where Magna Terra's Luna Roja and broader Argentine portfolio are located. Proximity to Cerrado's operating infrastructure is part of Magna Terra's stated investment thesis for Luna Roja.

Emerging players

• SOQUEM Inc. Emerging-player peer — Quebec government mining exploration subsidiary and prior JV partner on Magna Terra's Verneuil Project (2021). Comparable as a junior-exploration JV partner active in eastern Canada, though SOQUEM is a government vehicle rather than a true competitor.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/Magna_Terra_MTT

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds5 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Magna Terra Minerals