On March 25, 2026, Mag Magna Corp. (OTCID: MGNC), a company focused on rare earth elements mining, issued a statement addressing a fraudulent press release that falsely claimed the company was acquiring a large-scale poultry farming enterprise. The company clarified that it had not authorized the use of its ticker symbol in the fraudulent release and emphasized that it had abandoned any business operations related to the poultry industry as of December 24, 2025. This decision was made following a change-in-control transaction that shifted the company's focus entirely to rare earth element mining. The company has demanded that the fraudulent release be retracted by the publishers involved. In its official communication, Mag Magna Corp. reiterated that it is solely engaged in the rare earth elements mining sector and urged investors and the public not to rely on the misleading information presented in the fraudulent release. The company is committed to transparency and will continue to provide accurate updates regarding its operations and strategic direction.

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