How much funding has American Magnesium raised?

American Magnesium has disclosed $4M raised across 2 rounds.

Where is American Magnesium headquartered?

American Magnesium is headquartered in Elephant Butte, US.

American Magnesium

Elephant Butte, US · Founded 2013 · New Mexico LLC

American Magnesium plans to build a modular milling complex in Luna County, New Mexico to produce magnesium metal and portland cement from a local magnesium-dolomite deposit. The project aims to develop a domestic North American magnesium supply, reducing reliance on imports from China.

Advanced Manufacturing Cleantech New Materials

Founders & leadership

Carol NessExecutive

Robert A LufkinNamed on SEC filing

David Q TognoniNamed on SEC filing

Reported raises · per SEC filings

Form D private placements

$4M disclosed across 2 rounds · 2016–2020

▶$3.1MraisedJul 2025 · 74 investors · Other

Rule 506(b)

Officers, directors & promoters on the filing

Carol NessExecutive Officer

Offering amount: $3.5M
Amount sold: $3.1M
Minimum investment: $5K
Proceeds to insiders: $15K
First sale: Jul 2020
Incorporated: Limited Liability Company, New Mexico
Federal exemptions: 06b

Full filing on SEC EDGAR ↗

▶$820KraisedDec 2018 · 19 investors · Other

Rule 506(b)

Officers, directors & promoters on the filing

Robert A LufkinExecutive Officer
David Q TognoniExecutive Officer

Offering amount: $1.5M
Amount sold: $820K
Minimum investment: $12.5K
Proceeds to insiders: $60K
First sale: Mar 2016
Incorporated: Limited Liability Company, New Mexico, 2013
Federal exemptions: 06b

Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

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In the news

American Magnesium lease dropped by city - Newsdemingheadlight.com · Aug 2026

West High Yield Moves Record Ridge Closer to North American Magnesium Supply - InvestorNewsinvestornews.com · Aug 2026

Magrathea: $24 Million Series A Raised To Rebuild American Magnesium Productionpulse2.com · May 2026

Frequently asked questions

What does American Magnesium do?: American Magnesium plans to build a modular milling complex in Luna County, New Mexico to produce magnesium metal and portland cement from a local magnesium-dolomite deposit. The project aims to develop a domestic North American magnesium supply, reducing reliance on imports from China.
How much funding has American Magnesium raised?: American Magnesium has disclosed $4M raised across 2 rounds.
Where is American Magnesium headquartered?: American Magnesium is headquartered in Elephant Butte, US.