On March 31, 2026, Mag Magna Corp. (OTCID:MGNC), a rare earth elements mining company, announced that it has entered into Lock-Up and Leak-Out Agreements with 11 consultants who were issued a total of 8,900,000 shares of common stock. This represents 89% of the 10,000,000 shares issued under the company's 2026 Stock Incentive Plan. The Lock-Up Agreements will restrict the sale of these shares until December 31, 2026, followed by a leak-out period until June 30, 2027, during which sales will be limited to 100,000 shares per month and 20,000 shares per day. The agreements aim to stabilize the trading market for the company's stock and reflect the consultants' commitment to the company's long-term strategies. CEO Jamal Khurshid expressed appreciation for the consultants' support and emphasized the importance of these agreements in promoting a stable trading environment for current and future shareholders.

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