Magellan Copper and Gold Corp.

What Magellan Copper and Gold Corp. does

Magellan Copper and Gold Corp. (formerly Magellan Gold Corporation) is an exploration-stage mining company that acquires and develops historic high-grade gold, copper, and silver properties in mining-friendly U.S. jurisdictions, primarily Idaho, Alaska, and Arizona. The company operates a portfolio of five core projects: the flagship Center Star Gold Mine and Blue Jacket Property in Idaho County, Idaho; the Copper Cliff Property in Adams County, Idaho; the Copper Butte Project in Pinal County, Arizona (adjacent to Grupo Mexico's Ray Mine); and the Ophir Creek Placer Gold Mine in Alaska, currently subject to an LOI to acquire from Village Gold, Inc. Together these properties encompass 207 unpatented mining claims plus a patented lease, ~620 acres of placer ground at Ophir Creek, and over 4,000 feet of existing mine workings at Center Star.

The company's technical approach relies on conventional mining methods — IP geophysics, soil sampling, drilling, and systematic sampling programs — applied to historic deposits where documented past production (e.g., Copper Cliff's 876,929 tons yielding ~11 oz gold, 349,073 oz silver, and 12,547,883 lbs copper) and recent assays (up to 6.80% Cu at Blue Jacket) indicate economically viable grades. The Ophir Creek project is fully permitted under Alaska DNR permit APMA #3091, and the company has publicly targeted gold production in 2026 from that asset.

Magellan is publicly traded on the OTCQB under the ticker MAGE, headquartered at 602 Cedar Street Suite 205 in Wallace, Idaho (the historic center of Idaho's mining district), with a 11-50 employee headcount. The business model is the staged advancement of acquired mineral properties toward production; revenue is currently absent and is contemplated to be generated through direct commodity sales to refiners and industrial purchasers at prevailing market prices once the Ophir Creek mine is in operation. Recent corporate activity is share-based, including the January 2024 purchase of the Gold Express Mines copper portfolio for 6,000,000 shares of common stock.

Name

Magellan Copper and Gold Corp.

Legal name

Magellan Gold Corporation

Website

https://magellancoppergold.com

Company type

Public

Founded year

1975

Operating status

Operating

Headcount range

11–50 employees

Short description

Magellan Copper and Gold Corp. is an exploration-stage mining company (OTCQB: MAGE) that acquires and advances historic high-grade gold, copper, and silver properties in the Western United States, currently developing a five-asset portfolio across Idaho, Alaska, and Arizona with 2026 gold production targeted from its Ophir Creek placer mine.

Ownership category

akta.pro rank

Product category

Precious and Base Metals Mining

NAICS

Gold Ore and Silver Ore Mining (212220), Copper, Nickel, Lead, and Zinc Mining (21223)

SIC

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

akta.pro primary industry

Gold Mining (IMAKAEAA)

akta.pro secondary industries

Copper Ore Mining (Open-Pit & Underground) (IMAKADAB), Copper Concentration (Crushing, Grinding, Flotation) (IMAKADAC)

Keywords

• Mineral exploration
• Gold mining
• Copper mining
• Silver mining
• Placer mining

Headquarters

HQ city

Wallace

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Personnel, Infrastructure, Supply Chain, Technology or R&D, Marketing or Sales

Revenue model

1. Mineral production and sales: The company is in a transition from exploration-stage to production-stage. Upon completion of the Ophir Creek acquisition and commencement of mining operations, revenue will be generated through the sale of extracted gold, silver, copper, and other minerals. The company aims to establish cash flow through early production from placer and hard rock mining operations.
2. Asset transactions (equity consideration): The company has acquired mineral assets through issuance of its own common stock. The Gold Express Mines transaction valued at 6,000,000 shares of the company's common stock represents a non-cash acquisition model for growth.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Magellan Copper and Gold Corp. is an exploration-stage mining company that acquires, explores, and develops historic high-grade gold, copper, and silver properties in mining-friendly U.S. jurisdictions. The company advances projects in a staged manner toward early production, with near-term gold production targeted from the Ophir Creek placer mine in 2026. Revenue, once generated, will come from the sale of extracted gold, silver, copper, and other minerals to commodity buyers and refiners.

Product overview

Magellan Copper and Gold Corp. is a mining and exploration company focused on historic high-grade gold, copper, and silver properties in the Western United States. The company operates a portfolio of mining projects including the flagship Center Star Gold Mine in Idaho, three copper-focused properties acquired from Gold Express Mines (Copper Cliff and Blue Jacket in Idaho, Copper Butte in Arizona), and the Ophir Creek Placer Gold Mine in Alaska under LOI acquisition. The company aims to advance projects in a staged manner toward early production using modern exploration and mining techniques.

Differentiator

Problem solved

Functional benefit

Products and services

• Center Star Mine
• Copper Cliff Property
• Blue Jacket Property
• Copper Butte Project
• Ophir Creek Placer Gold Mine

Quantifiable outcome

• Exceptional copper grades: 5.04% Cu and 6.80% Cu from oxidized copper mineralized showings at Blue Jacket Property
• +2 more outcomes

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered minor and core.

• RDI MineralsminorStrategic or Co-development Partner · 9 April 2026Magellan has engaged RDI Minerals in Wheatridge, Colorado to perform metallurgical analysis and assays on samples taken from the Ophir Creek project in July 2025.
• Village Gold, Inc.coreStrategic or Co-development Partner · 30 January 2026Magellan entered into a letter of intent to acquire 100% of the Ophir Creek Placer Gold Mine near Ophir, Alaska from Village Gold, Inc. The project comprises 9 Alaska State mining claims (~620 acres) and is fully permitted for production. The transaction would give Magellan the ability to produce gold in 2026. Both parties are continuing to advance toward completion of a definitive agreement as of April 2026.
• Gold Express Mines, Inc.coreStrategic or Co-development Partner · 7 January 2024Magellan entered into a purchase agreement with Gold Express Mines, Inc. (GEM) to acquire three copper-focused properties: the Copper Cliff Property (Adams County, Idaho), the Blue Jacket Property (Idaho County, Idaho), and the Copper Butte Project (Pinal County, Arizona). Total consideration was 6,000,000 shares of Magellan common stock (5,500,000 for mineral assets + 500,000 for the Cuprum Lease).

Scale indicators7 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Blackrock Gold Corp. Junior gold exploration company (TSXV: BRC) focused on Nevada properties. Comparable as a small-cap, single-commodity gold explorer; also directly linked via COO Greg Schifrin's prior board involvement.
• Paramount Gold Nevada Corp. U.S.-listed gold exploration and development company focused on Western U.S. projects. Comparable as a small-cap gold developer pursuing brownfield-style historic assets in mining-friendly jurisdictions.
• Alexco Resource Corp. Canadian-listed silver-gold developer (now operating as a producer post-Keno Hill restart). Comparable as a precious-metals developer that transitioned from exploration to production at a similar scale and asset profile.
• Americas Gold and Silver Corporation: Mid-tier precious metals producer with silver-gold operations including the Galena Complex in Idaho's Coeur d'Alene district. Comparable as a precious-metals miner operating in the same Idaho jurisdiction and adjacent to historic workings.
• WestMountain Gold Inc. U.S.-listed gold exploration and development company. Comparable as a small-cap gold developer; also directly linked via COO Greg Schifrin's prior executive role.
• Vista Gold Corp. U.S.-listed gold development company advancing the Mt. Todd project in Australia. Comparable as a small-cap, single-asset precious-metals developer focused on advancing a flagship project toward production.
• Idaho Champion Gold Mines USA: Canadian-listed (CSE: ITKO) gold explorer with Idaho-focused projects. Highly comparable as a junior Idaho gold explorer of similar size; also directly linked via COO Greg Schifrin, who serves as a director.

Broad incumbents

• Coeur Mining: U.S.-listed precious metals miner with operations across North America, including past Idaho exposure. Comparable as a diversified gold/silver producer targeting similar historic mining districts and small-to-mid-scale assets.
• First Majestic Silver Corp. Established silver-gold producer with operations in Mexico and the U.S. Comparable as a precious-metals miner with silver-by-product credits, similar to Magellan's copper-gold-silver byproduct economics at Copper Cliff.
• Hecla Mining Company: Largest silver producer in the U.S. with significant Idaho mining operations (Lucky Friday, Greens Creek). Comparable because CEO Lavigne began his career underground at Hecla, and the company operates in the same Coeur d'Alene mining district as Magellan's Idaho assets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/magellancpprgld

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds1 record

Investors

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

M&A

Investments

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

Frequently asked questions about Magellan Copper and Gold Corp.