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 primarily holds a 100% interest in the Niñobamba project that covers an area of approximately 4,100 hectares located in the Ayacucho region of 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 headquartered in Vancouver, Canada.