• Magellan Copper and Gold posted a net loss of $168,953 for quarter ended March 31, 2026, narrowing from $184,140 a year earlier.
• Operating loss widened to $113,041 from $58,036, with general and administrative expenses rising to $113,041 from $58,036.
• Other expense narrowed to $55,912 from $126,104, as loss on change in derivative liability eased to $33,479 from $82,811.
• Cash totaled $504 at March 31, 2026, with working capital deficit widening to $2.26 million from $2.09 million at Dec. 31, 2025.
• Management reiterated focus on advancing Ophir Creek Placer Gold Mine toward resource definition and eventual development, while flagging substantial doubt about ability to continue as a going concern without additional financing.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Magellan Copper and Gold Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001683168-26-003960), on May 15, 2026, and is solely responsible for the information contained therein.