Magma Silver Announces Consulting Services Agreement
Vancouver, British Columbia--(Newsfile Corp. - June 2, 2025) - Magma Silver Corp. (TSXV: MGMA) (FSE: BC21) (WKN: A411DV) ("Magma" or the "Company") is pleased to announce it has entered into a consulting services agreement with Daniel Schaad. Daniel will carry out media awareness campaigns in Europe to increase Magma's recognition in the German and European markets. The agreement is for an initial term of 3 months starting on June 2, 2025. Magma will pay Daniel an aggregate of CAD$12,600. The agreement has been conditionally approved by the TSX Venture Exchange. Daniel does not own any securities of the Company or any right to acquire securities of the Company. Daniel Schaad is an arm's length party to the Company.
About Daniel Schaad (www.explorercheck.com)
Daniel Schaad has worked in the capital markets since 2004, and has become a well-respected capital markets expert, especially in the mining sector. To date, Daniel has been directly involved in fifteen takeover transactions. He has a broad investor-reach through his self-run explorercheck.com service, and through publishing reports on www.wallstreet-online.de, generating a strong German-speaking, investor readership.
About Magma Silver Corp.
Magma Silver Corp. is a natural resource company with a focus on the acquisition, exploration, development, and operation of precious metal mining exploration projects. The Company's primary focus is on exploring and developing the advanced Niñobamba silver gold project in the mining supportive country of Peru.
For further information, please contact Magma Silver Corp.:Jason Baker, Chief Financial OfficerPhone: +1-604-252-2672Email: info@magmasilver.comWebsite: www.magmasilver.com
Reader Advisory
This news release may contain forward-looking information within the meaning of applicable securities laws. All information and statements other than statements of current or historical facts contained in this news release are forward-looking information. Forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed here and elsewhere in Magma Silver Corp.'s periodic filings with Canadian securities regulators. When used in this news release, words such as "will", "could", "plan", "estimate", "expect", "intend", "may", "potential", "should," and similar expressions, are forward- looking statements. The information provided in this document is necessarily summarized and may not contain all available material information. Forward-looking statements include those in relation to (i) the Daniel Schaad agreement and the performance thereof and (ii) the expected benefits to the Company from the Danile Schaad agreement and the scope of services to be provided by Danile Schaad. Although the Company believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can't make any assurances that its expectations will be achieved. Such assumptions may prove incorrect. Although the Company has attempted to identify important factors that could cause actual results, performance, or achievements to differ materially from those contained in the forward- looking statements, there can be other factors that cause results, performance, or achievements not to be as anticipated, estimated, or intended. There can be no assurance that such information will prove to be accurate or that management's expectations or estimates of future developments, circumstances, or results will materialize. As a result of these risks and uncertainties, no assurance can be given that any events anticipated by the forward-looking information in this news release will transpire or occur, or, if any of them do so, what benefits that the Company will derive therefrom. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements in this news release are made as of the date of this news release, and the Company disclaims any intention or obligation to update or revise such information, except as required by applicable law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/254124
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
14 minutes ago
- Yahoo
Trump Wants the Fed to Cut Interest Rates by a Full Point. That Normally Takes a Recession
President Donald Trump demanded the Federal Reserve lower its benchmark interest rate by an entire percentage point. The Fed, which operates independently of White House control, has resisted Trump's call to lower interest rates. Lower rates could boost the economy but risk igniting inflation. The Fed typically adjusts its interest rate a quarter point at a time: the last time it cut a full point was in March 2020 when the pandemic Donald Trump renewed his calls on the Federal Reserve to lower its benchmark interest rate Friday, and this time, he had a specific (and huge) ask in mind. In a series of social media posts Friday morning, Trump pointed to the economy's recent track record of solid job growth and cooling inflation, and taunted Federal Reserve Chair Jerome Powell for not having lowered interest rates sooner. Trump said the central bank should lower its influential fed funds rate by "a full point," saying it would be economic "Rocket Fuel!"The Fed adjusts its fed funds rate, which influences borrowing costs on all kinds of loans, to keep inflation down and employment high. Fed officials have kept their rate higher than usual so far this year in an effort to push inflation down to its goal of a 2% annual rate. Officials said they are waiting to see what happens in the economy because they are concerned Trump's tariffs could push up prices and set off a fresh round of Fed's cautious approach has angered Trump, who wants rate cuts and the economic growth they could promote. A full percentage point cut would be a major move by the Fed and would bring the fed funds rate to a range of 3.25% to 3.5%, its lowest since September 2022. The Fed typically moves rates a quarter-point at a time. The last time the Fed cut rates an entire percentage point was March 2020, when it was evident that the onset of the COVID-19 pandemic would thrash the economy. Before that, the Fed cut an entire point in December 2008, during the Great Recession. The posts were the latest moves in Trump's pressure campaign to influence the Fed's decision-making about monetary policy. The central bank is designed to be insulated from politics, and Powell has said the Fed's decisions will be based only on economic considerations. Trump has repeatedly criticized Powell for not lowering interest rates, in contrast to the Fed's European counterpart. The European Central Bank has cut rates eight times since last June. The Fed cut rates three times over that time period, including a jumbo half-point cut in September, but has kept rates flat. Read the original article on Investopedia Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
15 minutes ago
- Yahoo
Why Robinhood Markets Stock Blasted Nearly 35% Higher in May
It was a busy month for the next-generation online brokerage. It particularly focused its attention on the world of cryptocurrency. 10 stocks we like better than Robinhood Markets › Robinhood Markets (NASDAQ: HOOD) had a scorching 2025 in the first few months of the year, and it continued to barrel ahead in May. The online brokerage's shares saw their value rise almost 35% across the month, according to data provided by S&P Global Market Intelligence, on the back of a well-received earnings report published on the last day of April, plus new and intriguing forays into cryptocurrency and related offerings. While the key figures in that first-quarter earnings release were more or less in the ballpark of analyst expectations, there was no ignoring the hot growth rates posted by Robinhood. Net revenue muscled 50% higher year over year to land at $927 million, thanks to robust year-over-year increases in transaction revenue from facilitating trades in assets such as cryptocurrencies (up by 100% to $252 million), options (56% higher at $240 million), and stocks (44% improvement to $56 million). Speaking of doubling (and then some), Robinhood's net income for the quarter surged 114% higher to $336 million. On top of that, Robinhood announced it was substantially raising the total authorized amount of its current share repurchase program to $1.5 billion from the previous ceiling of $500 million. Management wasn't necessarily thinking hard about stocks in that relatively warm month; no doubt inspired by its clientele's embrace of cryptocurrency, it doubled down on its involvement with digital coins and tokens. In mid-May it announced a deal to buy Canadian company WonderFo Technologies, which owns a pair of regulated cryptocurrency platforms. The total equity value of the deal is roughly 250 million Canadian dollars ($183 million). In its press release touting the deal, Robinhood said that its own "accessible, low-cost, and secure platform will build upon WonderFi's mission and bring millions of Canadians greater access to crypto trading." During the month, Robinhood and crypto technology were connected in a Bloomberg article. The story stated that the brokerage plans to construct a blockchain-based trading system for European investors to transact in U.S. securities. Although details of the apparent plan were scant, it's likely to utilize a digital token-based regime that would allow for those investors abroad to trade U.S. titles quickly and relatively cheaply. Whether or not you're in line with the market's near-35% boost of Robinhood stock on these developments depends heavily on your feelings about cryptocurrency. If you're as bullish as Robinhood management on the future of this asset class, the company's shares are about the best play in the brokerage sphere right now. If not, it might be best for this recent wave of enthusiasm to subside. While I like the company as a business, I'd opt for being more cautious just now. Before you buy stock in Robinhood Markets, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Robinhood Markets wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $668,538!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $869,841!* Now, it's worth noting Stock Advisor's total average return is 789% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 2, 2025 Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why Robinhood Markets Stock Blasted Nearly 35% Higher in May was originally published by The Motley Fool Sign in to access your portfolio
Yahoo
18 minutes ago
- Yahoo
Abacus Global Management Announces Share Repurchase Program; Insider Buying
ORLANDO, Fla., June 06, 2025 (GLOBE NEWSWIRE) -- Abacus Global Management, Inc. ('Abacus' or the 'Company') (NASDAQ: ABL), a leader in the alternative asset management space, today announced that its Board of Directors has authorized a new $20 million share repurchase program, effective June 5, 2025 for over a period of up to 18 months, as well as recent Form 4 and other employee share purchases totaling over $2 million. "While it is unfortunate that Abacus Global Management has been subject to a short attack, we believe our artificially depressed share price represents an excellent buying opportunity for the Company,' said Jay Jackson, Chief Executive Officer of Abacus Global Management. 'We believe this is validated by our newly authorized share repurchase program, reflecting our Board's continued confidence in our business model and strength of our balance sheet, and also by our employees who have spent over $2 million combined of their own money in recent share purchases. Our returns and valuation are audited, and consistent with a 20-year track record of generating positive revenue. We will not allow this distraction to affect our continued growth and our day-to-day operations.' During the pendency of the stock repurchase program, the Company may repurchase shares from time to time through various methods, including in open market transactions, block trades, accelerated share repurchases, privately negotiated transactions, derivative transactions or otherwise, certain of which may be made pursuant to a trading plan meeting the requirements of Rule 10b5-1 under the Securities Exchange Act of 1934, as amended, in compliance with applicable state and federal securities laws. The timing, as well as the number and value of shares repurchased under the program, will be determined by the Company at its discretion and will depend on a variety of factors, including our assessment of the intrinsic value of the Company's common stock, the market price of the Company's common stock, general market and economic conditions, available liquidity, compliance with the Company's debt and other agreements, applicable legal requirements, the nature of other investment opportunities available to the Company, and other considerations. The Company is not obligated to purchase any shares under the repurchase program, and the program may be suspended, modified, or discontinued at any time without prior notice. The Company expects to fund the repurchases by using cash on hand and expected free cash flow to be generated in the future. Abacus is committed to pursuing all available legal remedies against the individuals and entities responsible for orchestrating and disseminating the false and misleading short attack. Forward-Looking Statements All statements in this press release (and oral statements made regarding the subjects of this press release) other than historical facts are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of uncertainties and factors that could cause actual results to differ materially from such statements, many of which are outside the control of Abacus. Forward-looking information includes but is not limited to statements regarding: Abacus's financial and operational outlook; Abacus's operational and financial strategies, including planned growth initiatives and the benefits thereof, Abacus's ability to successfully effect those strategies, and the expected results therefrom. These forward-looking statements generally are identified by the words 'believe,' 'project,' 'estimate,' 'expect,' 'intend,' 'anticipate,' 'goals,' 'prospects,' 'will,' 'would,' 'will continue,' 'will likely result,' and similar expressions (including the negative versions of such words or expressions). While Abacus believes that the assumptions concerning future events are reasonable, it cautions that there are inherent difficulties in predicting certain important factors that could impact the future performance or results of its business. The factors that could cause results to differ materially from those indicated by such forward-looking statements include, but are not limited to: the fact that Abacus's loss reserves are bases on estimates and may be inadequate to cover its actual losses; the failure to properly price Abacus's insurance policies; the geographic concentration of Abacus's business; the cyclical nature of Abacus's industry; the impact of regulation on Abacus's business; the effects of competition on Abacus's business; the failure of Abacus's relationships with independent agencies; the failure to meet Abacus's investment objectives; the inability to raise capital on favorable terms or at all; the effects of acts of terrorism; and the effectiveness of Abacus's control environment, including the identification of control deficiencies. These forward-looking statements are also affected by the risk factors, forward-looking statements and challenges and uncertainties set forth in documents filed by Abacus with the U.S. Securities and Exchange Commission from time to time, including the Annual Report on Form 10-K and Quarterly Reports on Form 10-Q and subsequent periodic reports. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Abacus cautions you not to place undue reliance on the forward-looking statements contained in this press release. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Abacus assumes no obligation and, except as required by law, does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Abacus does not give any assurance that it will achieve its expectations. About Abacus Abacus Global Management (NASDAQ: ABL) is a leading financial services company specializing in alternative asset management, data-driven wealth solutions, technology innovations, and institutional services. With a focus on longevity-based assets and personalized financial planning, Abacus leverages proprietary data analytics and decades of industry expertise to deliver innovative solutions that optimize financial outcomes for individuals and institutions worldwide. Contacts: Investor Relations Robert F. Phillips – SVP Investor Relations and Corporate Affairsrob@ 290-1198 David Jackson – Director of IR/Capital Marketsdavid@ 299-0716 Abacus Global Management Public Relations press@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
