Fundraising FoxAmerican Magnesium
Elephant Butte, US · Founded 2013 · New Mexico LLC
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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.
Founders & leadership
CN
Carol NessExecutive
RA
Robert A LufkinNamed on SEC filing
DQ
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 · OtherRule 506(b)
▶$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
▶$820KraisedDec 2018 · 19 investors · OtherRule 506(b)
▶$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
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
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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.