top of page

Magellan Copper and Gold Corp Subsidiary Magellan Energy Corp Enters into Letter of Intent to Acquire Ramm Power Group

  • 2 days ago
  • 2 min read

Wallace, Idaho – August 18, 2026 – Magellan Copper & Gold Corp. (OTCQB: MAGE) (Magellan” or the Company”), is pleased to announce that the company’s wholly owned subsidiary Magellan Energy Corp. has entered a Letter of Intent to acquire Ramm Power Group.  Upon closing of the acquisition, the combined companies will be pursuing brownfield development opportunities in the energy production and storage markets.


Ramm Power Group was formed in 2018 to pursue pump storage facilities specifically to provide storage solutions for solar, wind and nuclear as well as other traditional power generation sources. For more info visit www.rammpowergroup.com 


With the demand for energy accelerating due to the large power consumption of data centers which are driven by the growth in Artificial Intelligence, Magellan believes the timing is right for common sense power generation and storage solutions and other related opportunities in the power generation space. 


“Ramm Power Group is excited to move some of these projects forward as we have developed a solid approach to helping solve some of the power storage issues related to the grid”, said Dr. Michael Warner, CEO of Ramm Power Group.


Magellan Copper & Gold Corp. CEO Mike Lavigne stated, “Ramm Power Group has done extensive work to advance several projects and is in a good position to move them to the next level”. He added, “Magellan is committed to helping these projects become a reality”. 



About Magellan Gold Corporation

Magellan Copper and Gold Inc. (MAGE) is focused on the exploration and development of precious metals in North America and more specifically the Western United States. Magellan currently controls The Center Star Gold Mine located in Idaho County within the State of Idaho.

To learn more about Magellan Copper and Gold Inc., visit www.magellancoppergold.com. To learn more about Magellan Energy Corp., visit www.magellenenergycorp.com 



About Ramm Power Group

Ramm Power Group was established to pursue pump storage facilities specifically to provide storage solutions for solar, wind and nuclear as well as other traditional power generation sources. For more info visit www.rammpowergroup.com


Cautionary Statement

The United States Securities and Exchange Commission permits mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can legally extract or produce. Under SEC Industry Guide 7 standards, a “final” or “bankable” feasibility study is required to report reserves. Currently we have not delineated “reserves” on any of our properties. We cannot be certain that any deposits at our properties will ever be confirmed or converted into SEC Industry Guide 7 compliant “reserves.” Investors are cautioned not to assume that all or any part of any “resource” estimates will ever be confirmed or converted into reserves or that they can be economically or legally extracted.


Forward Looking Statements

This release contains “forward-looking statements.” Such statements are based on good faith assumptions that Magellan Gold Corporation believes are reasonable, but which are subject to a wide range of uncertainties and business risks that could cause actual results to differ materially from future results expressed, projected or implied by such forward-looking statements. Factors that could cause actual results to differ from those anticipated are discussed in Magellan Gold Corporation’s periodic filings with the Securities and Exchange Commission.


Contacts:

Magellan Gold Corporation

Mike Lavigne, CEO

 
 
 

Comments


bottom of page