Magma Silver Corp., a natural resource company, engages in the acquisition, development, and exploration of mineral properties in the Democratic Republic of Congo (DRC). The company explores for copper, cobalt, gold, and silver deposits. It has an option agreement to acquire 100% interest in PE 8251 located in the DRC; PEPM 4582 in the Manono region of the DRC; and the Niñobamba project that covers an area of approximately 4,100 hectares located in the department of Ayacucho southwest of Lima, Peru. The company was formerly known as African Energy Metals Inc. and changed its name to Magma Silver Corp. in April 2025. Magma Silver Corp. is based in Vancouver, Canada.