Magna Mining Inc.

Recent News

  • 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 for aggregate gross proceeds of...

    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,...

    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 % Cu, 0.7 g/t Pt+Pd+Au over...

    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 - Standards of Disclosure for Mineral Projects....

    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 and...

    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 break, and resume diamond drilling...

    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 a significant producer...

    2022-11-07 5:29 PM EST