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MAGE on OTC

MAGELLAN COPPER & GOLD Corp

MAGELLAN COPPER & GOLD Corp is an American metal mining company based in Wallace, incorporated in Nevada.1

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Last updated Oct 21, 2026.

Overview

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  • TickerMAGE on OTC1
  • IndustryMetal Mining1
  • HeadquartersWallace, Idaho1
  • Incorporated inNV2
  • Business address602 Cedar Street, Suite 205, Wallace, Id 838732
  • Filer categoryNon-accelerated filer, Smaller reporting company2
  • Legal formCorporation

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2019

-3104.4%Operating margin3
-15802.5%Net margin3
-$429.0KFree cash flow3

Where the money goes

Where each dollar of revenue went, fiscal 2019

  • Cost of revenue35¢$286.1K
  • Interest65¢$526.3K

Out of $32.5K in revenue.43 The company lost money this year.

Financial statements

Every line of the income statement as filed: the last 2 fiscal years, latest first.7

Period ending2025-12-312024-12-31
General and administrative expenses$181.5K$319.9K
Impairment expense$100.0K$422.6K
Total operating expenses$281.5K$742.5K
Operating loss-$281.5K-$742.5K
Interest expense-$77.9K-$82.9K
Gain (loss) on conversion of debt-$19.9K$16.3K
Gain (loss) on change in derivative liability-$52.6K$39.3K
Total other income (expense)-$150.5K-$27.3K
Net loss-$432.0K-$769.8K
Basic net loss per common share-$0.02-$0.03
Diluted net loss per common share-$0.02-$0.03
Basic weighted average27.1M shares25.5M shares
Diluted weighted average27.1M shares25.5M shares

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Corporate structure

MAGELLAN COPPER & GOLD Corp sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of MAGELLAN COPPER & GOLD Corp

  • MAGELLAN COPPER & GOLD Corp Wallace, Idaho

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What MAGELLAN COPPER & GOLD Corp reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Properties, in its own words

Mining Properties

Descriptions of our mining properties are contained in Item 1 of this Report.

Item 2 of the 10-K filed Mar 31, 2026.9

Leadership

Who has led MAGELLAN COPPER & GOLD Corp, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. W. Pierce Carson2017

President

  1. John C. /ca/ Power2012–2016
  2. W. Pierce Carson2015–2018

Chief financial officer

  1. John C. /ca/ Power2017–2019

Chief operating officer

  1. Frank Pastornia2019
201520202025
Board members and other officers (4)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • Executive Officer, DirectorMark Rodenbeck named Sep 8, 202317
  • Executive Officer, DirectorMichael Lavigne named Sep 8, 202317
  • DirectorDeepak Malhotra named Sep 8, 202317
  • DirectorGregory Schifrin named Sep 8, 202317

Former names

  • MAGELLAN COPPER & GOLD INC.Aug 27, 2024 to Nov 14, 20242
  • MAGELLAN GOLD CorpMay 18, 2011 to Aug 15, 20242

Timeline

  1. Feb 4, 20268-K Other events18
  2. Jan 9, 20268-K Change of auditor19
  3. Sep 24, 20258-K Executive or director change20
  4. Mar 3, 20258-K Entered a material agreement21
  5. Aug 27, 20248-K Bylaws or fiscal year changed22
  6. Jan 19, 20248-K Other events23
  7. Jan 11, 20248-K Entered a material agreement24
  8. Jan 8, 20248-K Entered a material agreement; Unregistered sale of shares; Executive or director change25
  9. Oct 30, 2017New chief executive W. Pierce Carson becomes CEO10

Filings

53 filings to the SEC since October 2021: 6 annual reports, 17 quarterly reports, 8 major events, 5 insider forms, 2 large holders, 1 private raises, 14 other. The latest 20:

  1. Aug 11, 202610-Q FORM 10-Q FOR JUN 2026 EDGAR
  2. May 15, 202610-Q MAGELLAN 10-Q FOR MAR 2026 EDGAR
  3. Mar 31, 202610-K FORM 10-K FOR DEC 2025 EDGAR
  4. Mar 23, 2026144 EDGAR
  5. Feb 4, 20268-K EDGAR
  6. Jan 9, 20268-K EDGAR
  7. Nov 14, 202510-Q FORM 10-Q FOR SEP 2025 EDGAR
  8. Oct 3, 20254 EDGAR
  9. Sep 24, 20258-K CURRENT REPORT EDGAR
  10. Aug 15, 202510-Q FORM 10-Q FOR JUN 2025 EDGAR
  11. Aug 15, 2025NT 10-Q NOTIFICATION OF LATE FILING EDGAR
  12. May 15, 202510-Q FORM 10-Q FOR MAR 2025 EDGAR
  13. Apr 28, 2025144 EDGAR
  14. Mar 31, 202510-K FORM 10-K FOR 2024 EDGAR
  15. Mar 3, 20258-K CURRENT REPORT EDGAR
  16. Nov 14, 202410-Q FORM 10-Q FOR SEPTEMBER 2024 EDGAR
  17. Oct 15, 202410-Q FORM 10-Q FOR JUNE 2024 EDGAR
  18. Aug 27, 20248-K EDGAR
  19. Aug 15, 2024NT 10-Q EXTENSION EDGAR
  20. Jun 4, 202410-Q FORM 10-Q FOR MARCH 2024 EDGAR

The 53 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

2 open-market trades by officers, directors and large owners since October 2021: 1 buys and 1 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 26, 2025Gold Express Mines, Inc.10% ownerSale3,000,000$0.01$30.0KForm 4
Mar 23, 2023Gold Express Mines, Inc.10% ownerBuy1,000,000$0.14$140.0KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Funding

Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.

Private raises

Private offerings the company reported to the SEC on Form D. The amount is what the latest filing says was sold so far, charted in the year of the first sale. Covers filings since Oct 1, 2021.

  1. Sep 8, 2023Filed a private offering of equity17 Form D: $602,000 offered in all Form D

SEC filer profile

How MAGELLAN COPPER & GOLD Corp is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARMAGELLAN COPPER & GOLD Corp1
  • CIK0001515317
  • Employer ID (EIN)27-35669229
  • Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; a shell company9
  • Incorporated inNevada9
  • Fiscal year endsDecember 311
  • Industry code (SIC)1000 Metal Mining1
  • SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance1
  • Business address602 Cedar Street, Suite 205, Wallace, ID 838731
  • Phone707-291-61981
  • Shares outstanding25,964,295 as of Aug 11, 20266
  • Public float$1.0M as of Jun 30, 20259
  • AuditorM&K CPAS, PLLC, The Woodlands, TX PCAOB ID 2738; it also attests to the company’s internal control over financial reporting9
  • On EDGAR sinceMay 18, 20111
  • Filings345 in all: 8-K (125), 10-Q (45), 4 (35), SC 13D/A (23), 10-K (15), NT 10-Q (15), D (10), 3 (9)1
    All 32 form types

    NT 10-K (9), 10-Q/A (7), 4/A (5), 424B3 (5), 8-K/A (5), 10-K/A (4), SC 13D (4), CORRESP (3), D/A (3), EFFECT (3), 1-A/A (2), 144 (2), S-1 (2), S-1/A (2), SC 13G (2), UPLOAD (2), 1-A (1), 3/A (1), 8-A12G (1), DEF 14C (1), DEFR14C (1), POS AM (1), PRE 14C (1), SEC STAFF ACTION (1)

  • Latest filingsAnnual report (10-K) Mar 31, 2026
    Quarterly report (10-Q) Aug 11, 2026
    Latest 8-K (8-K) Feb 4, 2026

Risk factors and legal proceedings

The risks MAGELLAN COPPER & GOLD Corp names in Item 1A of its 10-K filed Mar 31, 2026: 35 risks under these headings, as written.9

  • Our business faces many risks. Any of the risks discussed below, or elsewhere in this report or in our other filings with the SEC, could have a material impact on our business, financial condition, or results of operations.
  • Risks Related to our Business.
  • Due to our history of operating losses our auditors are uncertain that we will be able to continue as a going concern.
  • We have no history of and limited experience in mineral production.
  • We have no proven or probable reserves.
  • The exploration of mineral properties is highly speculative in nature, involves substantial expenditures and is frequently non-productive.
  • Even if our exploration efforts at our properties are successful, we may not be able to raise the funds necessary to develop our properties.
  • We may not be able to obtain permits required for development of our properties.
  • The mining industry is intensely competitive.
  • Our future success is subject to risks inherent in the mining industry.
  • Our future profitability will be affected by changes in the prices of metals.
  • We are subject to significant governmental regulations.
The other 23 risks
  • Changes in mining or environmental laws could increase costs and impair our ability to develop our properties.
  • Compliance with environmental regulations and litigation based on environmental regulations could require significant expenditures.
  • Compliance with CERCLA, the CWA and state environmental laws could entail significant costs, which could have a material adverse effect on our operations.
  • Mineral exploration and development inherently involve significant and irreducible financial risks. We may suffer from the failure to find and develop profitable mineral deposits.
  • Significant investment risks and operational costs are associated with our exploration activities. These risks and costs may result in lower economic returns and may adversely affect our business.
  • Our failure to satisfy the financial commitments under the agreements controlling our rights to explore on our current prospects could result in our loss of those potential opportunities.
  • Any of our future acquisitions may result in significant risks, which may adversely affect our business.
  • Our ability to find and acquire new mineral properties is uncertain. Accordingly, our prospects are uncertain for the future growth of our business.
  • Corporate and securities laws and regulations are likely to increase our costs.
  • If we fail to maintain an effective system of internal controls, we may not be able to accurately report our financial results or prevent fraud. As a result, current and potential shareholders could lose confidence in our financial reporting, this would harm our business and the trading price of our stock.
  • Opposition of the Company’s exploration, development and operational activities may adversely affect the Company’s reputation, its ability to receive mining rights or permits and its current or future activities.
  • The title to the Company’s properties could be challenged or impugned.
  • We are not insured against all possible losses that could result from our mineral project development activities, including the operation of heavy equipment, and we may not be able to defend against lawsuits or pay judgments rendered against us in connection with such activities.
  • We rely on information technology systems which are subject to disruption, damage, failure and other risks.
  • Increasing attention to environmental, social, and governance, or ESG, matters may impact our business.
  • Risks Related to Our Stock
  • Future issuances of our common stock could dilute current shareholders and adversely affect the market if it develops.
  • We may issue preferred stock that would have rights that are preferential to the rights of our common stock that could discourage potentially beneficial transactions to our common shareholders.
  • There is currently an illiquid market for our common shares, and shareholders may be unable to sell their shares for an indefinite period.
  • Over-the-counter stocks are subject to risks of high volatility and price fluctuation.
  • Outstanding shares that are eligible for future sale could adversely impact a public trading market for our common stock.
  • Owners of our common stock are subject to the “penny stock” rules.
  • We do not expect to pay cash dividends in the foreseeable future. Any return on investment may be limited to the value of our stock.
  • Nevada law and our by-laws protect our directors from certain types of lawsuits.

Sources

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