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The company was formed in 2016 and in early 2017, acquired Ursa Major Minerals, a private company that owned the past producing Shakespeare Mine and Shining Tree project. Shakespeare is situated 70 km to the south-west of the Sudbury Basin. Magna has since assembled a contiguous land package of over 180km², much of which has seen little exploration work and yet remains prospective for further nickel, copper and PGM discoveries.
Ascendant Resources Inc. is a Toronto-based mining company focused on the exploration and development of the highly prospective Lagoa Salgada VMS project located on the prolific Iberian Pyrite Belt in Portugal. Through focused exploration and aggressive development plans, the Company aims to unlock the inherent potential of the project, maximizing value creation for shareholders. Lagoa Salgada contains over 12.8 million tonnes of M&I Resources and over 10.3 million tonnes in Inferred Resources and demonstrates typical mineralization characteristics of Iberian Pyrite Belt VMS deposits containing zinc, copper, lead, tin, silver and gold, and demonstrates. Extensive exploration upside potential lies both near deposit and at prospective step-out targets across the large 10,700ha property concession. The project also demonstrates compelling economics with scalability for future resource growth in the results of the Preliminary Economic Assessment completed in 2020. Located just 80km from Lisbon, Lagoa Salgada is easily accessible by road and surrounded by exceptional Infrastructure. Ascendant holds a 21.25% interest in the Lagoa Salgada project through its 25% position in Redcorp - Empreendimentos Mineiros, Lda, (“Redcorp”) and has an earn-in opportunity to increase its interest in the project to 80%. Mineral & Financial Investments Limited owns the additional 75% of Redcorp. The remaining 15% of the project is held by Empresa de Desenvolvimento Mineiro, S.A. (EDM), a Portuguese Government owned company supporting the strategic development of the country`s mining sector. The Company`s interest in the Lagoa Salgada pro Ascendant Resources is engaged in the ongoing evaluation of producing and development stage mineral resource opportunities. The Company`s common shares are principally listed on the Toronto Stock Exchange under the symbol "ASND".
Torex is an intermediate gold producer based in Canada, engaged in the exploration, development and operation of its 100% owned Morelos Gold Property, an area of 29,000 hectares in the highly prospective Guerrero Gold Belt located 180 kilometers southwest of Mexico City. The Company`s principal assets are the El Limón Guajes mining complex (the “ELG Mine Complex”) and the Media Luna deposit. The ELG Mine Complex is a 14,000 tpd gold mine which has been in production since 2016 and which comprises three open pits, an underground mine, and a CN/CIP processing plant. The Media Luna deposit (“ML deposit”) is an advanced stage development project which is located 7 kilometers south of the ELG Complex. Current resource for the ML deposit is 51.5 Mt at a grade of 4.48 gpt Au Equivalent, Torex issued a Preliminary Economic Assessment in 2018. The property remains 75% unexplored.
Entrepreneurs Miniers Montali is a Val-D'Or, QC-based company in the Agriculture & Mining sector.
Liberty Star Gold Corp is a Tucson, AZ-based company in the Agriculture and Mining sector.