Mag Magna CORP
Market Movers (8-K)
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MGNC
Mag Magna CORPMag Magna Corp. has entered into multiple securities purchase agreements to issue convertible redeemable notes totaling $463,333.33 in principal.
Capital raise
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MGNC
Mag Magna CORPMag Magna Corp. announced voluntary lock-up and leak-out agreements with consultants covering 8.9 million shares to promote market stability.
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MGNC
Mag Magna CORPMag Magna Corp. issued a statement disavowing a fraudulent press release announcing a poultry farming acquisition, clarifying its sole focus on rare earth elements mining.
Worse than expected
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MGNC
Mag Magna CORPMag Magna Corp. announced the resignation of a director and the immediate appointment of three new directors, bringing diverse expertise to the board.
Better than expected
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MGNC
Mag Magna CORPMag Magna Corp. announced a strategic pivot from chicken farming to rare earth minerals, acquiring new properties and appointing a new executive team and board of directors.
Capital raise
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MGNC
Mag Magna CORPHarpreet Sangha acquires 77.20% of Mag Magna Corp. and assumes key leadership roles, marking a significant change in company control.
Capital raise
Quarterly Earnings (10-Q)
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MGNC
Mag Magna CORPMag Magna Corp. announced a strategic shift from poultry consulting to rare earth mineral mining, reporting a significant net loss and going concern doubts in its latest quarterly filing.
Capital raise
Worse than expected
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MGNC
Mag Magna CORPMag Magna Corp. announced a strategic shift to rare earth mineral mining, reporting zero revenue and a net loss of $97,714 for the six months ended October 31, 2025, alongside multiple changes in control.
Worse than expected
Capital raise
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MGNC
Mag Magna CORPMag Magna Corp. reported a significant net loss and zero revenue for Q1 2026, following a change in control and management, raising substantial doubt about its ability to continue as a going concern.
Worse than expected
Capital raise
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MGNC
Mag Magna CORPMag Magna Corp's Q3 2025 shows revenue growth driven by new API services, but net losses also increased due to higher operating expenses.
Worse than expected
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MGNC
Mag Magna CORPMag Magna Corp's Q2 2025 report shows increased revenue from consulting and API services, but the company continues to operate at a loss.
Worse than expected
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MGNC
Mag Magna CORPMag Magna Corp reports revenue of $5,293 for the three months ended July 31, 2024, driven by consulting services and API requests, but net losses increased due to higher operating expenses.
Worse than expected
Annual Reports (10-K)
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MGNC
Mag Magna CORPMAG Magna Corp's latest 10-K filing reveals significant revenue growth driven by new API services, but also escalating net losses, a substantial accumulated deficit, and a recent change in control with a new CEO and loan forgiveness.
Capital raise
Worse than expected
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MGNC
Mag Magna CORPMag Magna Corp.'s annual 10-K filing reveals the company generated its first revenue of $5,600 from consulting services, while also reporting a net loss of $50,853 and raising concerns about its ability to continue as a going concern.
Capital raise
Worse than expected