Magna Mining Closes C$18 Million Private Placement of Flow-Through Shares and Common Shares
Sudbury, Ontario--(Newsfile Corp. - January 25, 2023) - Magna Mining Inc. (TSXV: NICU) (the "Corporation") is pleased to announce that it has closed its previously announced "best efforts" private placement of an aggregate of (i) 8,236,914 common shares of the Corporation that will qualify as "flow-through shares" (the "Charitable Flow-Through Shares") (within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the "Tax Act") at a price of $1.815 per Charitable Flow-Through Share...
2023-01-25 1:24 PM EST
Magna Intersects High Grade PGM Footwall Mineralization at Crean Hill
Sudbury, Ontario--(Newsfile Corp. - January 9, 2023) - Magna Mining Inc. (TSXV: NICU) ("Magna" or the "Company") is pleased to announce the first assays received from drilling on the 109 Footwall ("FW") Zone at the Crean Hill Mine ("Crean Hill"). Drillhole MCR-22-010 was targeted within the near surface 109 FW Zone Mineral Resource and intersected mineralization grading 0.4 % Ni, 0.5 % Cu, 7.2 g/t Pt+Pd+Au over 98.3 metres, including higher grade intervals grading 0.8 % Ni, 0.8 % Cu, 12.7 g/t...
2023-01-09 6:30 AM EST
Magna Mining Intersects 4.0 % Nickel over 31.1 Metres at the Crean Hill Mine, Sudbury
Sudbury, Ontario--(Newsfile Corp. - January 5, 2023) - Magna Mining Inc. (TSXV: NICU) ("Magna" or the "Company") is pleased to announce additional assays received from the November 2022 drill program at Crean Hill. Drillhole MCR-22-005 was designed to follow up on previously announced high grade nickel mineralization intersected in the 101 Footwall ("FW") Zone in drillhole MCR-22-003 (see news release dated December 12th, 2022). Hole MCR-22-005 intersected mineralization grading 4.0 % Ni, 0.7...
2023-01-05 6:30 AM EST
Magna Mining Files Technical Report for the Denison Project
Toronto, Ontario--(Newsfile Corp. - December 15, 2022) - Magna Mining Inc. (TSXV: NICU) ("Magna" or the "Company") is pleased to announce that, further to its news release dated November 7, 2022, it has filed on SEDAR an independent technical report titled "Mineral Resource Estimate Update for the Denison Ni-Cu-PGE Sulphide Deposit, Denison Project, Sudbury, Ontario Canada" in respect of its Denison Project. The technical report has been filed in accordance with National Instrument 43-101 -...
2022-12-15 6:00 AM EST
Magna Mining Intersects 3.8% Nickel, 1.8% Copper, & 0.5 g/t PT+PD+AU over 10.8 Metres, Including 6.0% Nickel, 0.3% Copper, & 0.7 g/t Pt+PD+AU over 5.8 Metres
Sudbury, Ontario--(Newsfile Corp. - December 12, 2022) - Magna Mining Inc. (TSXV: NICU) ("Magna" or the "Company") is pleased to announce that first assays have been received from the recent drilling at Crean Hill. Drillhole MCR-22-003 intersected massive sulphide mineralization (see news release dated November 17th, titled "Magna Mining Provides Update on Activities at Crean Hill), grading 6.0 % Ni, 0.3 % Cu, 0.7 g/t Pt+Pd+Au over 5.8 metres. The Company has completed 10 drillholes to date...
2022-12-12 6:02 AM EST
Magna Mining Provides Update on Activity at Crean Hill
Sudbury, Ontario--(Newsfile Corp. - November 17, 2022) - Magna Mining Inc. (TSXV: NICU) ("Magna" or the "Company") is pleased to announce that drilling has commenced at the Crean Hill Mine, part of the Denison Project (see Figure 1). To date, three holes have been completed and each has intersected mineralization as expected, including massive sulphide mineralization in drillhole MCR-22-003. (See Figure 2). The Company expects to complete approximately 2000m of drilling prior to the Christmas...
2022-11-17 7:15 AM EST
Magna Mining Announces Grant of Stock Options and RSUs
Sudbury, Ontario--(Newsfile Corp. - November 10, 2022) - Magna Mining Inc. (TSXV: NICU) (the "Company" or "Magna") announces that it has granted a total of 3,685,000 stock options ("Options") to purchase common shares of the Company to certain directors, officers, employees and consultants pursuant to the Company's Stock Option Plan. Such Options are exercisable into common shares of the Company at an exercise price of $0.47 per common share for a period of three years from the date of grant....
2022-11-10 3:34 PM EST
Magna Mining Announces Initial Mineral Resource Estimate on the Denison Project Containing a Total Indicated Mineral Resource of over 31 Million Tonnes
Sudbury, Ontario--(Newsfile Corp. - November 7, 2022) - Magna Mining Inc (TSXV: NICU) (the "Company") is pleased to announce the initial Mineral Resource Estimate for the Denison Project which includes the past producing Crean Hill NiCu-PGE Mine in Sudbury, Ontario. The Company recently announced the closing of the acquisition of Lonmin Canada Inc. ("Loncan"), which owns the Denison Project. The Denison Project is centered on the past producing Crean Hill Mine in the Sudbury Basin, which was...
2022-11-07 5:29 PM EST
Magna Mining Closes Acquisition of Lonmin Canada Inc.
Sudbury, Ontario--(Newsfile Corp. - November 7, 2022) - Magna Mining Inc. (TSXV: NICU) ("Magna" or the "Corporation") is pleased to announce that it has closed the acquisition of Lonmin Canada Inc. ("Loncan"), including the Denison Project and the past producing Crean Hill Ni-Cu-PGE mine (the "Acquisition"), pursuant to a share purchase agreement dated August 15, 2022 (the "Share Purchase Agreement") among the Corporation, Loncan, each of the shareholders of Loncan and Sibanye UK Limited, as...
2022-11-07 8:54 AM EST
Magna Mining Provides an Update on Loncan Acquisition
Sudbury, Ontario--(Newsfile Corp. - November 2, 2022) - Magna Mining Inc. (TSXV: NICU) (the "Corporation") is pleased to announce that it expects to satisfy the final conditions precedent to the previously announced acquisition of Lonmin Canada Inc. (the "Acquisition") on or about November 4, 2022. Upon the satisfaction of the final conditions to the Acquisition, the escrow release conditions relating to the 74,128,860 subscription receipts of the Corporation (the "Subscription Receipts")...
2022-11-02 4:25 PM EDT
CORRECTION FROM SOURCE: Magna Mining Announces Results From the 2022 Drill Program At the Shakespeare Mine
Sudbury, Ontario--(Newsfile Corp. - October 6, 2022) - Magna Mining Inc. (TSXV: NICU) ("Magna" or the "Company") is pleased to announce the assay results from recent drilling at the Shakespeare Mine. A total of 1,983 meters of drilling in 5 drillholes was completed in the first half of 2022, with the results presented in Table 1. The 2022 exploration program thus far was designed to follow-up on the successful 2021 drilling in the "Gap Zone" near the
2022-10-06 9:30 AM EDT
Magna Mining Announces Results from the 2022 Drill Program at the Shakespeare Mine
Sudbury, Ontario--(Newsfile Corp. - October 6, 2022) - Magna Mining Inc. (TSXV: NICU) ("Magna" or the "Company") is pleased to announce the assay results from recent drilling at the Shakespeare Mine. A total of 1,983 meters of drilling in 5 drillholes was completed in the first half of 2022, with the results presented in Table 1. The 2022 exploration program thus far was designed to follow-up on the successful 2021 drilling in the "Gap Zone" near the West Zone of the deposit. The program also...
2022-10-06 6:38 AM EDT
Magna Mining Closes Previously Announced Non-Brokered Private Placement for Gross Proceeds of Approximately C$20.0 Million
Sudbury, Ontario--(Newsfile Corp. - September 30, 2022) - Magna Mining Inc. (TSXV: NICU) ("Magna" or the "Corporation") is pleased to announce the closing of the Corporation's previously-announced non-brokered private placement, pursuant to which a total of 74,128,860 subscription receipts of the Corporation (the "Subscription Receipts") were issued at a price of $0.27 per Subscription Receipt, for aggregate gross proceeds of $20,014,792.20 (the "Offering"). Upon the satisfaction of the...
2022-09-30 6:30 AM EDT
Magna Mining Provides Update on Acquisition of Lonmin Canada Inc. and Announces Management Appointments
Sudbury, Ontario--(Newsfile Corp. - September 21, 2022) - Magna Mining Inc. (TSXV: NICU) (the "Company" or "Magna Mining") is pleased to announce that it has received conditional approval from the TSX Venture Exchange (the "TSX-V") of its previously announced proposed acquisition of 100% of Lonmin Canada Inc., which holds the Denison project in Ontario (the "Acquisition"), and the related non-brokered private placement of up to 74,074,074 subscription receipts of the Company at a price of...
2022-09-21 7:40 AM EDT
Magna Mining to Resume Trading Following Signing of Definitive Agreement to Acquire Lonmin Canada Inc.
Sudbury, Ontario--(Newsfile Corp. - September 7, 2022) - Magna Mining Inc. (TSXV: NICU) (the "Company" or "Magna Mining") is pleased to announce that, as set out in the bulletin of the TSX Venture Exchange (the "TSX-V") issued yesterday afternoon, its common shares will resume trading on Thursday, September 8, 2022. The trading halt was imposed by the TSX-V, in connection with the Company's announcement that it had signed a definitive share agreement (the "Definitive Agreement") to acquire...
2022-09-07 1:00 PM EDT
Magna Mining Announces Signing of Definitive Agreement to Acquire Lonmin Canada Inc. and Announces a Private Placement Offering of up to C$20 Million of Subscription Receipts
Sudbury, Ontario--(Newsfile Corp. - August 16, 2022) - Magna Mining Inc (TSXV: NICU) (the "Company" or "Magna") is pleased to announce that the Company has entered into a definitive share purchase agreement (the "Purchase Agreement") to acquire 100% of Lonmin Canada Inc. ("Loncan"), including the Denison Project and the past producing Crean Hill Ni-Cu-PGE mine. Magna's CEO, Jason Jessup, commented: "The Crean Hill Mine was a significant producer in the Sudbury basin for more than 80 years and...
2022-08-16 6:32 AM EDT
Magna Mining Announces Results of Annual General and Special Meeting
Sudbury, Ontario--(Newsfile Corp. - June 16, 2022) - Magna Mining Inc. (TSXV: NICU) ("Magna" or the "Company") reports that all resolutions at the Company's annual general and special meeting of shareholders were approved by shareholders. The results of voting are noted below. For additional details on the resolutions, please see the management information circular of the Company dated May 17, 2022 (the "Information Circular"). Election of Directors.
2022-06-16 4:55 PM EDT
Magna Mining Appoints Jonathan Goodman as a Non-Executive Director
Sudbury, Ontario--(Newsfile Corp. - April 4, 2022) - Magna Mining Inc. (TSXV: NICU) ("Magna" or the "Company") is pleased to announce the appointment of Jonathan Goodman to Magna's Board of Directors. Mr. Goodman is currently the President and CEO of Dundee Corporation ("Dundee") and is also the President and CEO of Dundee Goodman Merchant Partners, a mining focused merchant bank. Dundee currently holds a 19.2% investment interest in Magna as of October 26, 2021 (see news release). Mr....
2022-04-04 7:01 AM EDT
Magna Mining Commissions Second Drill Rig at the Shakespeare Project and Provides an Update on the Evaluation of a Toll Milling Restart for Near-Term Nickel Production
Sudbury, Ontario--(Newsfile Corp. - March 21, 2022) - Magna Mining Inc (TSXV: NICU) (the "Company") is pleased to announce that it has commissioned a second drill rig to accelerate exploration drilling at previously identified regional targets on the Shakespeare Nickel Project. The second rig was moved to site early this month, and recently began drilling at the Company's Spanish River Mine Option ("Spanish River"), located 1km south-west of the recent P-4 nickel discovery (see Fig. 1)....
2022-03-21 6:51 AM EDT
Magna Mining Files Technical Report for the Shakespeare Nickel Project
Sudbury, Ontario--(Newsfile Corp. - March 18, 2022) - Magna Mining Inc. (TSXV: NICU) ("Magna" or the "Company") is pleased to announce that further to its news release dated January 31, 2022, it has filed on SEDAR an independent technical report titled "Shakespeare Project Feasibility Study Technical Report" in respect of its Shakespeare Nickel Project located 60 km south-west of Sudbury, Ontario. The technical report has been filed in accordance with National Instrument 43-101 - Standards of...
2022-03-18 7:00 AM EDT