Form 8-K - Current report
August 27 2024 - 2:48PM
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2024-08-19
2024-08-19
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934
Date of Report (Date of earliest event reported):
August 19, 2024
Magellan
Copper & Gold Inc.
(Exact Name of Registrant as Specified in its Charter)
Nevada |
|
000-54658 |
|
27-3566922 |
(State or other jurisdiction
of incorporation) |
|
(Commission File
Number) |
|
(I.R.S. Employer
Identification number) |
602
Cedar Street, Suite 205
Wallace, Idaho |
|
83873 |
(Address of principal executive offices) |
|
(Zip
Code) |
(208) 556-1600
(Registrant's telephone
number, including area code)
Magellan Gold Corporation
(Former name or former address, if changed since
last report)
Check the appropriate box
below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ |
Written communications pursuant to Rule 425 under the Securities Act |
☐ |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act |
☐ |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act |
☐ |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act |
Securities registered pursuant to Section 12(b)
of the Act:
Title of each Class |
Trading Symbol |
Name of each exchange on which registered |
N/A |
N/A |
N/A |
Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2
of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ☒
If an emerging growth company, indicate
by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial
accounting standards provided pursuant to Section 13(a) of the Exchange Act.
| Item 5.03 | Amendment to Articles of Incorporation or Bylaws, Change in Fiscal Year. |
On August 19, 2024, Magellan
Gold Corporation issued a press release announcing that it had changed its name to Magellan Copper and Gold Inc. to better reflect the
overall focus of the Company. The Company’s press release is filed as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated
herein by reference.
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
|
MAGELLAN
COPPER & GOLD INC.
|
|
|
|
|
|
|
Date: August 27, 2024 |
By: |
/s/ Michael Lavigne |
|
Name: |
Michael Lavigne |
|
Title: |
Chief Executive Officer |
Exhibit 99.1
August 19, 2024
Magellan Gold Announces Name Change to Magellan
Copper and Gold Inc.
Wallace, Idaho – August 19, 2024 –
Magellan Gold Corporation (OTCQB: MAGE) (“Magellan” or the “Company”), is pleased to announce that the
company has changed its name to Magellan Copper and Gold Inc. to better reflect the overall focus of the company.
Magellan
Gold Corporation has acquired several additional properties as well as entered into a joint venture agreement over the course of the last
year. These additions have shifted the focus of the company to include not just gold but copper properties as well.
The Company
believes that it is in the best interest of their shareholders to diversify the property portfolio and the focus of the properties within
its portfolio. The Company believes that it is now positioned to take advantage of what it believes to be a new bull market in the gold
markets and for what the Company expects will be a continued period of increasing demand for copper.
CEO Mike
Lavigne stated, “The Company’s focus will continue to be the expansion of exploration on its current properties with the goal
of advancing those properties towards near term production either organically or through joint ventures with larger partners”. He
continued, “The Company will also remain focused on properties in areas of historic production and that have typically been focused
on underground development as the Company believes that this strategy offers the best opportunity for a quicker timeline to any potential
production on its portfolio properties”.
About Magellan Gold Corporation
Magellan Copper and Gold
Inc. (MAGE) is focused on the exploration and development of precious metals in North America and more specifically the Western United
States. Magellan controls six projects: The Center Star Gold Mine, Golden, Idaho Project, Seafoam District, Blacktail District, Bit-It
Project, and Terror Gulch (Capparelli Group), all located within the State of Idaho.
To learn more about Magellan Copper and Gold
Inc., visit www.magellangoldcorp.com.
Cautionary Statement
The United States
Securities and Exchange Commission permits mining companies, in their filings with the SEC, to disclose only those mineral deposits that
a company can legally extract or produce. Under SEC Industry Guide 7 standards, a “final” or “bankable” feasibility
study is required to report reserves. Currently we have not delineated “reserves” on any of our properties. We cannot be certain
that any deposits at our properties will ever be confirmed or converted into SEC Industry Guide 7 compliant “reserves.” Investors
are cautioned not to assume that all or any part of any “resource” estimates will ever be confirmed or converted into reserves
or that they can be economically or legally extracted.
Forward Looking Statements
This release contains “forward-looking
statements.” Such statements are based on good faith assumptions that Magellan Gold Corporation believes are reasonable but which
are subject to a wide range of uncertainties and business risks that could cause actual results to differ materially from future results
expressed, projected or implied by such forward-looking statements. Factors that could cause actual results to differ from those anticipated
are discussed in Magellan Gold Corporation’s periodic filings with the Securities and Exchange Commission.
Contacts:
Magellan Gold Corporation
Mike Lavigne, CEO
mblavigne@magellangoldcorp.com
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