on Tungsten Eagle Development Corp. (CVE:MAGA)
Tungsten Eagle Development Corp. Completes Fundamental Change and Begins Trading
Tungsten Eagle Development Corp., formerly known as Patriot Resources Corp., has finalized a significant transaction. This new phase includes an option to acquire a 100% interest in Liberty Ridge Property, Nevada. The company, now listed on the Canadian Securities Exchange under the symbol "MAGA", closed a $5,000,000 private placement to advance its exploration work.
A share consolidation and name change took effect on September 29, 2026, reducing the number of shares and renaming the company. This restructuring aims to support exploration efforts, starting with permitting and initial exploration at Liberty Ridge.
The company has issued shares and warrants as part of an option agreement, aiming to advance exploration with stipulated milestones over the next two years. The $5,000,000 financing will aid these efforts and provides necessary working capital.
R. E.
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