MGNC · Mag Magna Corp.

Summary

Mag Magna Corp. was notified of a fraudulent press release on March 25, 2026, claiming a strategic acquisition of a large-scale poultry farming enterprise, which the Company did not authorize. The Company abandoned poultry operations effective December 24, 2025, focuses solely on rare earth elements mining, and demanded the fraudulent release be stricken, advising no reliance on it.

Key takeaways

• Fraudulent press release headline: 'MGNC Announces Strategic Acquisition of Large-Scale Poultry Farming Enterprise to Accelerate Commercial Expansion and Revenue Growth'
• Company did not authorize inclusion of ticker MGNC in Fraudulent Release
• Poultry business operations abandoned effective December 24, 2025, upon change-in-control transaction
• Current business: rare earth elements mining, with first properties acquired January 2026
• Company published corrective press release on March 25, 2026, via ACCESS Newswire