Magna Mining Announces Upsize of Previously Announced Private Placement of Common Shares
Sudbury, Ontario--(Newsfile Corp. - October 11, 2024) - Magna Mining Inc. (TSXV: NICU) (OTCQB: MGMNF) (FSE: 8YD) (the "Corporation") is pleased to announce that the Corporation and a syndicate of agents (the "Agents") co-led by Desjardins Capital Markets ("Desjardins") and SCP Resource Finance LP ("SCP", and together with Desjardins, the "Bookrunners") have agreed to increase the size of its previously announced best-efforts private placement offering from approximately $15 million to gross...
2024-10-11 4:12 PM EDT
Magna Mining Announces Private Placement of Common Shares
Sudbury, Ontario--(Newsfile Corp. - October 10, 2024) - Magna Mining Inc. (TSXV: NICU) (TSXV: NICU) (OTCQB: MGMNF) (FSE: 8YD) (the "Corporation") is pleased to announce that it has entered into an agreement with Desjardins Capital Markets ("Desjardins") and SCP Resource Finance LP ("SCP", together with Desjardins, the "Bookrunners") on behalf of a syndicate of agents that may be formed (the "Agents"), in connection with a "best efforts" private placement of up to 14,285,700 common shares of...
2024-10-10 6:10 PM EDT
Magna Mining Inc. Announces Conditional Approval of Application for Funding from the Federal Critical Mineral Infrastructure Fund (CMIF)
Sudbury, Ontario--(Newsfile Corp. - October 9, 2024) - Magna Mining Inc. (TSXV: NICU) (OTCQB: MGMNF) (FSE: 8YD) ("Magna" or the "Company") is pleased to announce that notification has been received from Natural Resources Canada (NRCAN) that pending final due diligence, certain initiatives at both the Crean Hill and Shakespeare Mines have been conditionally approved for funding from the Critical Minerals Infrastructure Fund (CMIF). The funding will support pre-construction activities to help...
2024-10-09 1:00 PM EDT
Magna Mining Provides Update on the Surface Advanced Exploration Bulk Sampling Program at the Crean Hill Project and Corporate Update
Sudbury, Ontario--(Newsfile Corp. - October 7, 2024) - Magna Mining Inc. (TSXV: NICU) (OTCQB: MGMNF) (FSE: 8YD) ("Magna" or the "Company") is pleased to provide an update on the advanced exploration surface bulk sample at the Crean Hill Project in Sudbury, Ontario. Jeff Huffman, COO of Magna Mining commented, "Magna has successfully completed the surface bulk sample program and acquired much of the data required to fully assess the base case metallurgical performance of the 109 Footwall...
2024-10-07 7:00 AM EDT
Notice of Correction to News Release Dated September 17, 2024, Regarding Updated Crean Hill PEA
Sudbury, Ontario--(Newsfile Corp. - September 17, 2024) - Magna Mining Inc. (TSXV: NICU) (OTCQB: MGMNF) (FSE: 8YD) ("Magna" or the "Company") issued a news release earlier today announcing the results of an Updated Preliminary Economic Assessment ("PEA") by SGS Geological Services (SGS) on its 100% owned Crean Hill Project located in Sudbury, Ontario, Canada. The September 17th news release contained two summary tables (Tables 1 and 9) outlining the Pre and Post Tax NPV and IRR's of the Crean...
2024-09-17 5:55 PM EDT
Magna Mining Completes Updated Preliminary Economic Assessment of the Crean Hill Project
Sudbury, Ontario--(Newsfile Corp. - September 17, 2024) - Magna Mining Inc. (TSXV: NICU) (OTCQB: MGMNF) (FSE: 8YD) ("Magna" or the "Company") is pleased to announce the successful completion of its Updated Preliminary Economic Assessment ("PEA") by SGS Geological Services (SGS) on its 100% owned Crean Hill Project (the "Project") located in Sudbury, Ontario, Canada. The PEA envisions an underground only mining operation, with Life of Mine ("LOM") potentially mineable resource being sold to a...
2024-09-17 7:00 AM EDT
Magna Mining Acquires Producing Copper Mine in Sudbury from KGHM International Ltd.
Sudbury, Ontario--(Newsfile Corp. - September 12, 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 share purchase agreement dated September 11th 2024 (the "Agreement") with a subsidiary of KGHM International Ltd. ("KGHM") to acquire a portfolio of base metals assets located in the Sudbury Basin (the "Transaction"). Magna will acquire the producing McCreedy West copper mine ("McCreedy...
2024-09-12 11:09 AM EDT
Magna Mining Provides an Update on Advanced Exploration at the Crean Hill Project and Corporate Update
Sudbury, Ontario--(Newsfile Corp. - September 5, 2024) - Magna Mining Inc. (TSXV: NICU) (OTCQB: MGMNF) (FSE: 8YD) ("Magna" or the "Company") is pleased to provide an update on the Advanced Exploration surface bulk sample at the Crean Hill Project in Sudbury, Ontario. The mining of the surface bulk sample commenced on July 2, 2024, and the final blast was on August 15, 2024. A total of 20,714 tonnes of rock was excavated, crushed and hauled to Glencore Sudbury Integrated Nickel Operations'...
2024-09-05 7:00 AM EDT
Magna Mining Reports High Grade Copper Results from the Crean Hill Project and Commences Surface Advanced Exploration
Sudbury, Ontario--(Newsfile Corp. - July 8, 2024) - Magna Mining Inc. (TSXV: NICU) (OTCQB: MGMNF) (FSE: 8YD) ("Magna" or the "Company") is pleased to announce additional diamond drilling results and provide an update on the surface advanced exploration bulk sampling in the 109 Footwall (FW) Zone. Highlights from the new assay results include: 109 FW Zone MCR-24-087: 5.0 % Cu, 0.7% Ni, 12.8 g/t Pt + Pd + Au over 15.2 metres Including, 11.7 % Cu ,1 .0% Ni, 5.8 g/t Pt + Pd + Au over 5.2 metres...
2024-07-08 7:00 AM EDT
Magna Mining Announces Results of Annual & Special Meeting of Shareholders
Sudbury, Ontario--(Newsfile Corp. - July 2, 2024) - Magna Mining Inc. (TSXV: NICU) (OTCQB: MGMNF) (FSE: 8YD) ("Magna" or the "Company") is pleased to announce the results of its Annual & Special Meeting of Shareholders (the "Meeting") held on June 28th. Each of the matters is described in greater detail in the Notice of Annual & Special Meeting of Shareholders and the accompanying Management Information Circular dated June 3rd, 2024 (the "Circular"). At the Meeting, the shareholders approved...
2024-07-02 4:20 PM EDT
Magna Mining Announces New Assay Results at Crean Hill and an Update on Advanced Exploration
Sudbury, Ontario--(Newsfile Corp. - June 25, 2024) - Magna Mining Inc. (TSXV: NICU) (OTCQB: MGMNF) (FSE: 8YD) ("Magna" or the "Company") is pleased to announce additional diamond drilling results and provide an update on the surface advanced exploration bulk sampling in the 109 Footwall (FW) Zone. Highlights from the new assay results include: 109 FW Zone MCR-24-077: 0.2% Ni, 0.2 % Cu, 18.2 g/t Pt + Pd + Au over 15.0 metres 109 FW Zone Surface Sample MCB-24-037: 0.4% Ni, 0.5 % Cu, 34.3 g/t Pt...
2024-06-25 7:00 AM EDT
Magna Mining Awards the Contract for Advanced Exploration at the Crean Hill Project
Sudbury, Ontario--(Newsfile Corp. - June 11, 2024) - Magna Mining Inc. (TSXV: NICU) (OTCQB: MGMNF) (FSE: 8YD) ("Magna" or the "Company") is pleased to announce the award of the Advanced Exploration ("ADEX") contract at the Crean Hill Project ("Crean Hill") to Aki-eh Dibinwewziwin Limited Partnership ("ADLP"). ADLP is a partnership between Atikameksheng Anishnawbek, Wahnapitae First Nation, and Technica Mining. Jason Jessup, CEO of Magna Mining, stated, "We are confident in our decision to...
2024-06-11 7:00 AM EDT
Magna Mining Announces the Signing of a Toll Milling Agreement for the 109 Footwall Surface Bulk Sample at the Crean Hill Project
Sudbury, Ontario--(Newsfile Corp. - June 4, 2024) - Magna Mining Inc. (TSXV: NICU) (OTCQB: MGMNF) (FSE: 8YD) ("Magna" or the "Company") is pleased to announce the signing of a Toll Milling Agreement (the "Agreement") with Glencore Canada Corporation ("Glencore") for the surface bulk sample of the 109 Footwall ("FW") Zone at the Crean Hill Project. Jason Jessup, CEO of Magna Mining stated, "The signing of a toll milling agreement with Glencore to process a surface bulk sample from the 109 FW...
2024-06-04 7:00 AM EDT
Magna Mining Announces Annual and Special Meeting to Be Held on June 28, 2024
Sudbury, Ontario--(Newsfile Corp. - May 31, 2024) - Magna Mining Inc. (TSXV: NICU) (OTCQB: MGMNF) (FSE: 8YD) ("Magna" or the "Company") announces that it will be holding its annual and special meeting (the "Meeting") of the shareholders of the Company on June 28, 2024. An electronic copy of the management information circular (the "Circular") and related proxy materials in respect of the Meeting will be mailed to shareholders of the Company and will be available on SEDAR+ under the Company's...
2024-05-31 4:30 PM EDT
Magna Mining Reports Diamond Drilling Results from the 109 Footwall Zone Surface Bulk Sample Area
Sudbury, Ontario--(Newsfile Corp. - May 8, 2024) - Magna Mining Inc. (TSXV: NICU) (OTCQB: MGMNF) (FSE: 8YD) ("Magna" or the "Company") is pleased to provide additional diamond drilling results from the 2024 exploration program at Crean Hill, targeting the near surface advanced exploration area of the 109 Footwall (FW) Zone. Highlights from the new assay results include: 109 FW Zone MCB-24-029: 0.9% Ni, 2.9 % Cu, 9.5 g/t Pt + Pd + Au over 6.3 metres MCB-24-031: 0.7% Ni, 0.8 % Cu, 6.8 g/t Pt +...
2024-05-08 7:00 AM EDT
Magna Mining Announces the Approval of the Crean Hill Permit to Take Water
Sudbury, Ontario--(Newsfile Corp. - April 23, 2024) - Magna Mining Inc. (TSXV: NICU) (OTCQB: MGMNF) (FSE: 8YD) ("Magna" or the "Company") is pleased to announce the receipt of the Crean Hill Permit to Take Water (PTTW). Magna received confirmation that the Permit to Take Water for the Crean Hill Project has been approved by the Ministry of Environment, Conservation and Parks (MECP). This is the final permit required to enable dewatering of the existing mine workings and allow Magna to move...
2024-04-23 7:01 AM EDT
Magna Mining Continues to Intersect High Grade Massive Sulphide Within the Core of the 109 Footwall Zone, Including 2.5% Ni, 9.6% Cu, and 17.4 g/t Pt+Pd+Au over 6.8 Metres
Sudbury, Ontario--(Newsfile Corp. - April 3, 2024) - Magna Mining Inc. (TSX.V: NICU) (OTCQB: MGMNF) (FSE: 8YD) ("Magna" or the "Company") is pleased to provide additional drilling results from the 2024 exploration program at Crean Hill, targeting the near surface advanced exploration area of the 109 Footwall (FW) Zone. Recent drilling is designed to define the high-grade core of the 109 FW Zone. Highlights from the new assay results include: 109 FW Zone MCR-24-068: 0.7% Ni, 2.4 % Cu, 9.7 g/t...
2024-04-03 7:00 AM EDT
Magna Mining Announces the Signing of a Definitive Off-Take Agreement for the Crean Hill Project
Sudbury, Ontario--(Newsfile Corp. - March 27, 2024) - Magna Mining Inc. (TSXV: NICU) (OTCQB: MGMNF) (FSE: 8YD) ("Magna" or the "Company") is pleased to announce the signing of a Definitive Off-Take Agreement (the "Agreement") with Vale Base Metals wholly-owned subsidiary Vale Canada ("Vale") for the advanced exploration portion of the Crean Hill Project. Jason Jessup, CEO of Magna Mining stated, "We are extremely pleased to be able to announce the signing of the Definitive Off-Take Agreement...
2024-03-27 6:45 AM EDT
Magna Mining Announces the Filing of the Amended Crean Hill Closure Plan
Sudbury, Ontario--(Newsfile Corp. - March 4, 2024) - Magna Mining Inc. (TSXV: NICU) (OTCQB: MGMNF) (FSE: 8YD) ("Magna" or the "Company") is pleased to provide an update on the permitting and approval process for the Crean Hill Project. On February 29 2024, Magna received confirmation that the amended Closure Plan for the Crean Hill Project had been filed with the Ontario Ministry of Mines. This allows Magna to move forward with an advanced exploration plan, which includes a surface bulk...
2024-03-04 6:56 AM EST
Magna Mining Provides First 2024 Drilling Results, Including 1.1% Ni, 8.3% Cu, and 13.9 g/t Pt+Pd+Au Over 3.0 Metres
Sudbury, Ontario--(Newsfile Corp. - February 20, 2024) - Magna Mining Inc. (TSXV: NICU) (OTCQB: MGMNF) (FSE: 8YD) ("Magna" or the "Company") is pleased to provide initial drilling results from the 2024 exploration program at Crean Hill, targeting the near surface advanced exploration area of the 109 FW Zone. Highlights from the new assay results include: 109 FW Zone MCR-24-060: 0.3% Ni, 2.0 % Cu, 8.6 g/t Pt + Pd + Au over 14.0 metres Including 1.1% Ni, 8.3 % Cu, 13.9 g/t Pt + Pd + Au over 3.0...
2024-02-20 7:02 AM EST