Magna Mining Announces Funding Award from the Critical Minerals Innovation Fund (CMIF)
Sudbury, Ontario--(Newsfile Corp. - June 23, 2025) - Magna Mining Inc. (TSXV: NICU) (OTCQX: MGMNF) (FSE: 8YD) (the "Company" or "Magna") is pleased to announce that the Ontario government has awarded funding for up to C$500,000 for work on the Company's Crean Hill project. The award will be applied towards metallurgical work related to enhancing precious metal recoveries from contact and footwall mineralization at Crean Hill, which was carried out as part of the surface bulk sample program in 2024....
2025-06-23 7:00 AM EDT
Magna Mining Announces New Drill Results from McCreedy West and Recognition from the Government of Ontario
Sudbury, Ontario--(Newsfile Corp. - June 10, 2025) - Magna Mining Inc. (TSXV: NICU) (OTCQX: MGMNF) (FSE: 8YD) ("Magna" or the "Company") is pleased to announce additional drill results from the McCreedy West mine, including 3.0% Cu, 0.4% Ni, 9.1 g/t Pt + Pd + Au over 10.8 metres and 3.9% Cu, 0.6% Ni, 6.8 g/t Pt + Pd + Au over 2.1 metres in drillhole FNX33368 (Table 1). Magna is also pleased to announce that the Sudbury based projects...
2025-06-10 7:15 AM EDT
Magna Mining Reports First Quarter 2025 Operating and Financial Results
Sudbury, Ontario--(Newsfile Corp. - May 29, 2025) - Magna Mining Inc. (TSXV: NICU) (OTCQX: MGMNF) (FSE: 8YD) (the "Company" or "Magna") is pleased to report first quarter 2025 operating and financial results. Management will host a conference call tomorrow, May 30, 2025, at 08:00 a.m. EDT to discuss the results. All amounts are expressed in Canadian dollars unless otherwise indicated.HighlightsThe acquisition of a portfolio of base metal assets in the Sudbury basin from KGHM International closed on February 28, 2025....
2025-05-29 6:29 PM EDT
Magna Mining Announces Upgrade to OTCQX and Quarterly Results Conference Call & Webcast
Sudbury, Ontario--(Newsfile Corp. - May 28, 2025) - Magna Mining Inc. (TSXV: NICU) (OTCQX: MGMNF) (FSE: 8YD) (the "Company" or "Magna") is pleased to announce that the company has qualified to trade on the OTCQX® Best Market, and begins trading today on OTCQX under the symbol "MGMNF". The Company upgraded to OTCQX from the OTCQB® Venture Market. US investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.2025 Quarterly Results Conference Call and...
2025-05-28 7:00 AM EDT
Magna Mining Intersects 24.0% Cu, 1.2% Ni & 6.7 g/t Pt + Pd + Au over 2.0 Metres at Levack Mine
Sudbury, Ontario--(Newsfile Corp. - April 30, 2025) - Magna Mining Inc. (TSXV: NICU) (OTCQB: MGMNF) (FSE: 8YD) ("Magna" or the "Company") is pleased to announce additional assay results from the ongoing diamond drilling programs at both Levack and McCreedy West mines (Figure 1). Drilling at Levack continues to define the near-surface Keel Footwall Copper zone and test exploration targets near the Main Orebody. Magna is currently compiling data and internal studies to review the potential to develop a ramp from...
2025-04-30 7:00 AM EDT
Magna Mining Announces Corporate Updates and Grant of Stock Options and RSUs
Sudbury, Ontario--(Newsfile Corp. - April 14, 2025) - Magna Mining Inc. (TSXV: NICU) (OTCQB: MGMNF) (FSE: 8YD) (the "Company" or "Magna") is pleased to announce the appointment of Tim Bradburn as Senior Vice President, General Counsel and Corporate Secretary. Tim has over 20 years of experience in cross-listed publicly traded companies and most recently was Senior Vice President, General Counsel and Corporate Secretary at IAMGOLD Corporation. "I am honoured and excited to be joining greatly experienced people leading a company...
2025-04-14 7:00 AM EDT
Magna Mining Announces Assay Results and Provides an Update on the McCreedy West Mine
Sudbury, Ontario--(Newsfile Corp. - March 31, 2025) - Magna Mining Inc. (TSXV: NICU) (OTCQB: MGMNF) (FSE: 8YD) ("Magna" or the "Company") is pleased to announce assay results from the producing McCreedy West Mine and the adjacent Levack Mine (Figure 1). Drilling at McCreedy West was focused on the 700 Footwall Cu-PGE zone resource expansion and definition in support of mid-term production planning, and targeted areas near historical mining. Drilling at Levack was targeting the near surface Keel Footwall Cu zone....
2025-03-31 6:00 AM EDT
Magna Mining Announces Closing of $33.5 Million Private Placement
Sudbury, Ontario--(Newsfile Corp. - March 5, 2025) - Magna Mining Inc. (TSXV: NICU) (the "Corporation") is pleased to announce that it has closed its previously announced "best efforts" private placement of: (i) $23,967,000 aggregate principal amount of unsecured convertible debentures of the Corporation (the "Convertible Debentures"), issued in ordinary multiples of $1,000, less an original issue discount of 2% of the face amount of the Convertible Debentures, for aggregate gross proceeds of $23,487,660; and (ii) an aggregate of 6,451,620 common shares...
2025-03-05 1:57 PM EST
Magna Mining Initiates Diamond Drilling at the Levack Mine and Reports 2024 Drilling Results at the McCreedy West Mine
Sudbury, Ontario--(Newsfile Corp. - March 3, 2025) - Magna Mining Inc. (TSXV: NICU) (OTCQB: MGMNF) (FSE: 8YD) ("Magna" or the "Company") is pleased to announce that with the acquisition of the Sudbury Basin assets from KGHM now completed, Magna has initiated surface diamond drilling at the Levack Mine. Additionally, previously unreported 2024 drilling at the McCreedy West Mine has intersected up to 14.3% Cu, 3.5% Ni, 6.0 g/t Pt+Pd+Au over 9.6 metres in drillhole FNX33223 (Table 1).Dave King, S.V.P. Exploration...
2025-03-03 7:15 AM EST
Magna Mining Completes Acquisition of Producing Copper Mine in Sudbury from KGHM International Ltd.
Sudbury, Ontario--(Newsfile Corp. - February 28, 2025) - Magna Mining Inc. (TSXV: NICU) (OTCQB: MGMNF) (FSE: 8YD) ("Magna" or the "Company") is pleased to announce, further to its news releases dated September 12, 2024, January 9, 2025 and January 30, 2025, that it has completed its acquisition of a portfolio of base metals assets located in the Sudbury Basin (the "Transaction") from an affiliate of KGHM International Ltd. ("KGHM"), which includes the producing McCreedy West copper mine, the past-producing Levack...
2025-02-28 11:57 AM EST
Magna Mining Announces Upsize to Previously Announced Private Placement
Sudbury, Ontario--(Newsfile Corp. - February 6, 2025) - Magna Mining Inc. (TSXV: NICU) (OTCQB: MGMNF) (FSE: 8YD) (the "Company") is pleased to announce that the Company and a syndicate of agents co-led by SCP Resource Finance LP ("SCP") and Desjardins Capital Markets (together with SCP, the "Agents") have agreed to increase the size of its previously announced "best efforts" private placement offering of unsecured convertible debentures (the "Debenture Offering").The Debenture Offering has been upsized from up to C$15 million...
2025-02-06 12:29 PM EST
Magna Mining Announces up to $25 Million Private Placement
Sudbury, Ontario--(Newsfile Corp. - February 5, 2025) - Magna Mining Inc. (TSXV: NICU) (OTCQB: MGMNF) (FSE: 8YD) (the "Company") is pleased to announce that it has entered into an agreement with SCP Resource Finance LP and Desjardins Capital Markets, as co-lead agents, for and on behalf of a syndicate of agents (collectively, the "Agents"), in connection with a "best efforts" private placement offering by the Company of: (i) up to C$15 million aggregate principal amount of unsecured convertible debentures of...
2025-02-05 4:27 PM EST
Magna Mining Provides Update on Acquisition of Properties from KGHM International Ltd.
Sudbury, Ontario--(Newsfile Corp. - January 30, 2025) - Magna Mining Inc. (TSXV: NICU) (OTCQB: MGMNF) (FSE: 8YD) ("Magna" or the "Company") is pleased to provide an update regarding its previously announced agreement to acquire a portfolio of base metals assets located in the Sudbury Basin (the "Acquisition Transaction") from an affiliate of KGHM, as previously announced in the Company's news release dated September 12, 2024 and updated on January 9, 2025.Since entering into the definitive share purchase agreement on September...
2025-01-30 7:00 AM EST
Magna Mining Provides Update on Acquisition of Producing Copper Mine in Sudbury from KGHM International Ltd.
Sudbury, Ontario--(Newsfile Corp. - January 9, 2025) - Magna Mining Inc. (TSXV: NICU) (OTCQB: MGMNF) (FSE: 8YD) ("Magna" or the "Company") is pleased to provide an update regarding its previously announced agreement to acquire a portfolio of base metals assets located in the Sudbury Basin (the "Transaction") from an affiliate of KGHM International Ltd. ("KGHM"), as previously announced in the Company's news release dated September 12, 2024. Since entering into the definitive share purchase agreement on September 11, 2024 (the...
2025-01-09 7:00 AM EST
Magna Mining Acquires Additional Critical Mineral Exploration Assets in the Sudbury Basin Mining District
Sudbury, Ontario--(Newsfile Corp. - December 18, 2024) - Magna Mining Inc. (TSXV: NICU) (OTCQB: MGMNF) (FSE: 8YD) ("Magna" or the "Company") is pleased to announce that it has entered into a definitive asset purchase agreement dated December 18, 2024 (the "Agreement") with NorthX Nickel Corp. ("NorthX") (CSE: NIX) to acquire a portfolio of base metals assets ("Sudbury Properties") located in the Sudbury Basin (the "Transaction").Jason Jessup, CEO of Magna, stated "We are pleased to announce the acquisition of these exploration...
2024-12-18 7:00 AM EST
Magna Mining Closes $21.85 Million Private Placement of Common Shares
Sudbury, Ontario--(Newsfile Corp. - November 4, 2024) - Magna Mining Inc. (TSXV: NICU) (the "Corporation") is pleased to announce that it has closed its previously announced "best efforts" private placement of 20,809,480 common shares of the Corporation (the "Common Shares") at a price of $1.05 per Common Share for aggregate gross proceeds of approximately $21.85 million (the "Offering"), including the full exercise of the option granted to the Agents. The Offering was co-led by Desjardins Capital Markets and SCP Resource Finance...
2024-11-04 9:06 AM EST
Magna Mining Discovers New Copper Zone at the Shakespeare Project
Sudbury, Ontario--(Newsfile Corp. - November 4, 2024) - Magna Mining Inc. (TSXV: NICU) (OTCQB: MGMNF) (FSE: 8YD) ("Magna" or the "Company") is pleased to provide an update on the ongoing regional diamond drilling program on the Shakespeare Project in Sudbury, Ontario. The initial drillhole on the Southwest (SW) Copper zone has intersected 1.4% Cu over 32.4 metres, including 2.3% Cu over 13.9 metres, beginning at 64.6 metres downhole (Tables 1 and 2). Dave King, SVP Exploration and Geoscience at Magna...
2024-11-04 7:00 AM EST
Magna Mining Files Updated Preliminary Economic Assessment for the Crean Hill Project
Sudbury, Ontario--(Newsfile Corp. - November 1, 2024) - Magna Mining Inc. (TSXV: NICU) (OTCQB: MGMNF) (FSE: 8YD) (the "Company" or "Magna") is pleased to announce that further to its news release dated September 17, 2024 titled "Magna Mining Completes Updated Preliminary Economic Assessment of the Crean Hill Project" the Company has filed on SEDAR an independent technical report titled "Preliminary Economic Assessment Update for the Crean Hill Project, Sudbury, Ontario, Canada". The technical report has been filed in accordance with...
2024-11-01 5:30 PM EDT
Magna Mining Files Technical Report for the McCreedy West Copper-Nickel Mine
Sudbury, Ontario--(Newsfile Corp. - October 29, 2024) - Magna Mining Inc. (TSXV: NICU) (OTCQB: MGMNF) (FSE: 8YD) (the "Company" or "Magna") is pleased to announce that further to its news release dated September 12, 2024 titled 'Magna Mining Acquires Producing Copper Mine in Sudbury from KGHM International Ltd' in connection with the proposed acquisition by the Company of a portfolio of base metals assets located in the Sudbury Basin (the "Transaction") including the McCreedy West copper nickel mine (the "Project"),...
2024-10-29 7:00 AM EDT
Magna Mining Announces Grant of Stock Options
Sudbury, Ontario--(Newsfile Corp. - October 21, 2024) - Magna Mining Inc. (TSXV: NICU) (OTCQB: MGMNF) (FSE: 8YD) (the "Company" or "Magna") announces that on October 17th, 2024, it granted a total 250,000 stock options ("Options") to purchase common shares of the Company to certain officers and employees pursuant to the Company's Stock Option Plan. Such Options are exercisable into common shares of the Company at an exercise price of $1.17 per common share for a period of five years from...
2024-10-21 4:25 PM EDT