Magna Terra Receives C$ 400,000 Option Payment From Lunex for Luna Roja Project

Bitget2026/10/20 12:11

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Magna Terra Minerals received a CAD 400,000 first-anniversary option payment from Lunex Metals for the Luna Roja project in Argentina.
The payment comprised CAD 125,000 in cash and CAD 275,000 through issuance of 1,018,519 Lunex common shares.
Under the amended agreement, Lunex can earn a 100% project interest for total consideration of CAD 2.38 million.

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. Magna Terra Minerals Inc. published the original content used to generate this news brief via Newsfile (Ref. ID: 202610200800NEWSFILECNPR____20261020_319886_1) on October 20, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Magna Terra Receives C$ 400,000 Option Payment From Lunex for Luna Roja Project

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