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Welcome to the Proactive podcast channel – the destination for breaking news on growth companies and up to the minute market coverage.
Here we plug you into what’s new and exciting in the world of business.
Magna Terra Mineral CEO on company's dual strategy for exploration growth
Proactive - Interviews for investors
8 minutes 49 seconds
6 days ago
Magna Terra Mineral CEO on company's dual strategy for exploration growth
Magna Terra Minerals (CVE:MTT) President and CEO Lew Lawrick talked with Proactive's Stephen Gunnion about recent developments across the company’s project portfolio.
Lawrick detailed significant progress at the Humber Copper-Cobalt Project in Newfoundland, where surface sampling returned grades of up to 5% copper. The surface copper zone now extends over 2.2 kilometres, underpinned by a completed VTEM airborne survey revealing multiple conductive targets. “We've extended that surface copper zone now over two kilometres,” Lawrick said, describing it as a “very exciting” early-stage discovery.
Turning to New Brunswick, Rocky Brook has been the focus of data-driven exploration. Magna Terra used AI tools to process years of historic data, identifying high-priority VMS targets. Follow-up fieldwork, including geochemical sampling and trenching, is underway with results expected later in the year.
Lawrick also discussed the company’s partnership strategy. In Argentina, Luna Roja is being advanced by Andean Metals, while Great Northern in Canada is being developed by Gold Hunter. Magna Terra expects to receive almost $5 million in cash and securities from that option deal by mid-2026.
The company continues to review additional partnership opportunities, maintaining a tight capital structure while expanding project exposure.
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Proactive - Interviews for investors
Welcome to the Proactive podcast channel – the destination for breaking news on growth companies and up to the minute market coverage.
Here we plug you into what’s new and exciting in the world of business.