Note 6 - Acquisition of Gatling Exploration Inc. (Tables)

12 Months Ended

Dec. 31, 2023

Statement Line Items [Line Items]

Disclosure of detailed information about asset acquisition [text block]

Total shares issued on close:	774,643
	$
MAG share price – C$	18.54
USD exchange rate	0.7807
MAG share price – US$	14.47
Value of shares on close of Transaction	11,212
Value of convertible note receivable	2,392
Value of replacement options and warrants	85
Transaction costs	350
Value of consideration paid	14,039
Identified assets acquired and liabilities assumed	$
Assets
Cash and cash equivalents	89
Receivables, prepaids and deposits	115
Exploration and evaluation assets	15,187
Total Assets	15,391
Liabilities
Accounts payable and accrued liabilities	1,315
Lease liabilities	37
Total Liabilities	1,352
Net assets acquired	14,039