---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-24-000219"
form_type: "8-K"
ticker: "MAGE"
cik: "0001515317"
company_name: "MAGELLAN COPPER & GOLD Corp"
filed_at: "2024-01-11T23:59:59+00:00"
generated_at: "2026-06-07T00:32:21.336113+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Magellan Gold acquires Blue Jacket, Copper Cliff, and Copper Butte mining claims for 6M shares

## Summary
- Purchase consideration: 5,500,000 shares for mineral assets plus 500,000 shares for Cuprum Lease assignment.
- Assets include 79 claims (Blue Jacket, Idaho), 71 claims (Copper Cliff, Idaho), and 65+ claims (Copper Butte, Arizona).
- Closing expected by January 31, 2024, subject to delivery of quitclaim deed and lease assignment consents.
- Transaction approved by boards of both Magellan Gold and Gold Express Mines (seller).

## SEC filing metadata
- accession: 0001683168-24-000219
- form_type: 8-K
- ticker: MAGE
- cik: 0001515317
- company_name: MAGELLAN COPPER & GOLD Corp
- filed_at: 2024-01-11T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1515317/000168316824000219/0001683168-24-000219-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1515317/000168316824000219/magellan_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-24-000219
- JSON: https://secwatch.observer/filing/0001683168-24-000219.json
- Plain text: https://secwatch.observer/filing/0001683168-24-000219.txt

## Key facts
- Material Agreements
  MAGELLAN COPPER & GOLD Corp entered into Purchase Agreement with Gold Express Mines, Inc. (effective 2024-01-07).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Gold Express Mines, Inc.
  - Effective: 2024-01-07
  source text: On January 7, 2024, Magellan Gold Corporation, a Nevada corporation (the “Company”), entered into a purchase agreement (the “Purchase Agreement”) with Gold Express Mines, Inc., a Nevada corporation (“GEM”), pursuant to which, among other things (i) the Company agreed to purchase certain mineral assets owned and controlled by GEM for a purchase price equal to 5,500,000 shares of the Company’s common stock, par value $0.001 per share (the “Common Stock”); and (ii) GEM agreed to assign to the Company a certain lease for mineral properties (the “Cuprum Lease”) for a purchase price of 500,000 shares of Common Stock (collectively, the “Transactions”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1515317/000168316824000219/0001683168-24-000219-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.