Mag Magna Corp.
Key statistics
from XBRL data in SEC filingsAI briefing
from the latest 10-K, 10-Q and 8-K eventsMag Magna Corp is a shell company that abandoned its poultry-farming consulting business and pivoted to acquiring mineral rights for rare-earth mining.
What they do
Mag Magna Corp was incorporated in 2021 and previously provided consulting services for poultry farming, including antibiotic-free feed additives and an AI-powered Poultry Wellness Guide API. As of January 2026, the company changed its business plan to acquiring real property rights for mining and sale of rare earth minerals. It has entered a purchase agreement for mineral rights in Hardin County, Illinois, and three unpatented lode mining claims in Mohave County, Arizona.
Revenue drivers
- Poultry farming consulting services — Revenue from consulting services sold via subscription plans on its website; generated $5,600 in fiscal 2024 and $49,905 in fiscal 2025.
- Poultry Wellness Guide API — AI-powered tool for diagnosing chicken diseases; sold as subscription plans based on requests per month, introduced in June 2024.
- Rare earth mineral rights — Planned future revenue from mining and sale of rare earth minerals; no revenue generated from this segment as of the latest quarter.
Recent performance
For the nine months ended January 31, 2026, the company generated no revenues, compared to $23,726 in the prior-year period. Operating expenses rose to $228,839 from $73,360, and net loss widened to $228,839 from $29,730. As of January 31, 2026, the company had $26,400 in cash, $499,502 in current liabilities, and a working capital deficit of $475,137. In fiscal 2025, annual revenue was $49,905 and net loss was $52,254.
Strategy
Management has changed the plan of business to focus on acquiring real property rights for rare earth minerals. The company entered into a purchase agreement in January 2026 for mineral rights in Illinois and Arizona. It expects future operating results to be significantly different from historical results due to the change in control and new business direction.
Risks
- No revenue from new business — The company has no revenue from rare earth mining and has not demonstrated an ability to generate any income from the new plan.
- Working capital deficit — As of January 31, 2026, current liabilities exceeded current assets, indicating potential liquidity constraints.
- Related-party loan dependence — The company relies on loans from a former director, with $221,927 payable as of April 30, 2025.
- Abandoned poultry business — The prior consulting business is now abandoned, and historical revenue is not indicative of future operations.
Outlook
Management expects future operating results to be significantly different due to the change in business plan. The company has not provided specific guidance on revenue or profitability for the new rare earth mining venture. It will need to secure additional financing to fund operations and development of the mineral properties.