Magna Terra Expands Land Position in Northern New Brunswick; Acquires the Oxford Project
Atlantic Canada Land Grab Continues as Magna Terra Mops Up Strike Extensions in Emerging Gold District
On January 29, 2026, Magna Terra Minerals announced it entered into an option agreement to acquire a 100% interest in the 3,400-hectare Oxford Project in northern New Brunswick. The project is situated along the Rocky Brook-Millstream Fault, a major structural feature, and is contiguous with the company’s existing 28,089-hectare Rocky Brook Project. Key highlights of the deal include: - Financial Terms: Immediate payment of $5,000 cash; total of $25,000 cash and $70,000 in cash/shares over four years. - Royalty: Optionor retains a 1.5% NSR, with 0.5% purchasable for $500,000. - Strategic Context: The project is proximal to the Williams Brook Property (Puma Exploration/Kinross Gold) and contains historic high-grade polymetallic VMS and gold mineralization. - Immediate Plans: Data compilation in the coming weeks followed by a 2026 spring/summer field program.
This acquisition is categorized as Routine - Positive because it represents a low-cost consolidation of the company's existing land position rather than a fundamental change in asset quality or resource status. - Incremental Land Bank: While the 3,400 hectares increase the footprint by roughly 12%, the upfront cost of $5,000 is negligible relative to the company’s current market capitalization and cash position. - Strategic Synergy: By securing 14 kilometres of strike along the Rocky Brook-Millstream Fault, the company is effectively "mopping up" available land around its flagship project. This prevents competitors from encroaching on their exploration model. - Early Stage Risk: The project remains in the "data compilation" phase. There are no current NI 43-101 compliant resources on the Oxford claims, and the mineralization cited is "historic," which the company’s Qualified Person has not yet validated. - Dilution: The potential issuance of up to 1,400,000 shares for this project is minimal (approx. 1.3% of current outstanding shares).
Magna Terra Minerals is a junior explorer focused on precious and critical metals in Atlantic Canada and Argentina. - Flagship Project: The Rocky Brook Project (New Brunswick). It covers a 30-km extent of the Rocky Brook-Millstream Fault and is prospective for both VMS (Base Metals) and Epithermal Gold. - Other Assets: Humber Project (Newfoundland) focused on sediment-hosted copper; Cape Spencer (New Brunswick) with an inferred resource of 151,000 oz Au; and the Luna Roja/Signos options in Argentina.