MAGELLAN COPPER & GOLD Business Summary

Magellan Copper & Gold Corp (MAGE) is a North American exploration-stage mining company that generates value through the acquisition, evaluation, and development of high-grade precious and base metal properties. Its business model focuses on a niche consolidation strategy, targeting undervalued historic mines with potential for near-term production to achieve higher-than-average industry returns. The company’s primary business segments are divided by resource type: Gold Exploration, centered on the flagship Center Star Mine in Idaho and the recently acquired Ophir Creek Placer Gold Mine in Alaska (LOI Jan 2026), and Copper Assets, which include multiple projects across Idaho and Arizona. Within the competitive landscape, Magellan operates alongside junior miners such as Lion Copper and Gold Corp, Paramount Gold Nevada Corp, and Brookmount Explorations, positioning itself as a lean, acquisition-heavy explorer transitioning toward active production status by 2026. Originally founded in 2010 by John C. Power and John D. Gibbs, the company is currently led by President and CEO Michael Lavigne, an industry veteran with over 50 years of experience including underground operations at Hecla Mining and leadership in mining finance. The executive team is bolstered by CFO and Director John Ryan, a serial mining entrepreneur who co-founded Cadence Resources and U.S. Silver Corporation, and Director Howard Crosby, a co-founder of U.S. Silver and former executive at White Mountain Titanium. Technical leadership is provided by Director Greg Schifrin, a geologist with nearly four decades of experience in mineral exploration and project development. The company maintains a strategic partnership with Gold Express Mines, which serves as both a notable investor and a frequent joint-venture collaborator in its property acquisitions.