For the quarter ending 2025-09-30, MAGE has $106,013 in assets. $2,111,688 in debts.
| Balance Sheets | 2025-09-30 | 2025-06-30 | ||
|---|---|---|---|---|
| Cash | 388 | 589 | ||
| Prepaid expenses and other current assets | 5,625 | 7,500 | ||
| Total current assets | 6,013 | 8,089 | ||
| Mineral rights and properties | 100,000 | 100,000 | ||
| Total assets | 106,013 | 108,089 | ||
| Accounts payable | 216,208 | 227,298 | ||
| Accounts payable - related party | 199,750 | 181,750 | ||
| Accrued liabilities | 214,089 | 214,089 | ||
| Convertible note payable, net - related party | 285,000 | 285,000 | ||
| Convertible note payable, net | 380,978 | 380,978 | ||
| Accrued interest - related parties | 127,049 | 118,716 | ||
| Accrued interest | 216,252 | 206,321 | ||
| Advances payable - related party | 70,905 | 70,905 | ||
| Advances payable | 42,847 | 26,223 | ||
| Notes payable | 25,000 | 25,000 | ||
| Notes payable - related party | 168,000 | 168,000 | ||
| Derivative liability | 165,610 | 62,200 | ||
| Total current liabilities | 2,111,688 | 1,966,480 | ||
| Total liabilities | 2,111,688 | 1,966,480 | ||
| Common shares, 0.001 par value 1,000,000,000 shares authorized 27,379,295 and 26,157,635 shares issued and outstanding, respectively | 27,380 | 27,380 | ||
| Additional paid-in capital | 20,065,559 | 20,059,566 | ||
| Accumulated deficit | -22,098,614 | -21,945,337 | ||
| Shareholders' deficit | -2,005,675 | -1,858,391 | ||
| Total liabilities and shareholders' deficit | 106,013 | 108,089 | ||
MAGELLAN COPPER & GOLD Corp (MAGE)
MAGELLAN COPPER & GOLD Corp (MAGE)