Magna Mining Inc.

Recent News

  • Magna Mining Inc. Announces Upsize to Previously Announced Private Placement of Flow-Through Shares

    Toronto, Ontario--(Newsfile Corp. - October 22, 2021) - Magna Mining Inc. (TSXV: NICU) ("Magna" or the "Company") is pleased to announce that it has increased the size of its previously announced non-brokered private placement to an aggregate of up to 8,444,500 flow-through common shares ("FT Shares") (up from 6,666,667 FT Shares) at a price of $0.45 per FT Share, for aggregate gross proceeds of up to $3,800,025 (the "Offering"). The FT Shares will be offered by way of a best...

    2021-10-22 6:56 AM EDT
  • Magna Mining Inc. Announces up to $3 Million Non-Brokered Private Placement of Flow-Through Shares

    Toronto, Ontario--(Newsfile Corp. - September 29, 2021) - Magna Mining Inc. (TSXV: NICU) ("Magna" or the "Company") is pleased to announce an offering (the "Offering") of up to 6,666,667 flow-through common shares ("FT Shares") at a price of $0.45 per FT Share, for total gross proceeds of up to $3 million. The FT Shares will be offered by way of a best efforts non-brokered private placement to "accredited investors" resident in the provinces of Canada.The gross proceeds of the Offering...

    2021-09-29 6:58 AM EDT
  • Magna Mining Reports a New Nickel - Copper - PGM Discovery at the Shakespeare Project, Ontario, Canada

    Sudbury, Ontario--(Newsfile Corp. - September 20, 2021) - Magna Mining Inc. (TSXV: NICU) ("Magna" or the "Company") is pleased to provide assay results from the first two diamond drill holes that were designed to test a portion of the P-4 target, located 5 km to the east and on strike of the past producing Shakespeare Mine stratigraphy.Two holes were drilled to intersect a previously untested geophysical anomaly, and both holes intersected significant nickel, copper, and Platinum Group Metals (PGM) near...

    2021-09-20 7:03 AM EDT
  • Magna Mining Reports High Grade Surface Samples on the Baldwin Patents Portion of the Shakespeare Ni-Cu-PGM Project, Ontario, Canada

    Sudbury, Ontario--(Newsfile Corp. - September 14, 2021) - Magna Mining Inc. (TSXV: NICU) ("Magna" or the "Company") is pleased to provide assay results from surface work on the recently acquired Baldwin Patents property, which is part of the Shakespeare Ni-Cu-PGM Project and located approximately 3 km south-east of the Shakespeare Mine. Initial surface mapping and sampling of these patented claims have identified sulphide mineralization on surface. Grab samples have returned values as high as 13.2% copper with 1.8 g/t gold...

    2021-09-14 7:02 AM EDT
  • Magna Mining Exploration Update for the Shakespeare Ni-Cu-PGM Project, Ontario, Canada

    Sudbury, Ontario--(Newsfile Corp. - August 17, 2021) - Magna Mining Inc. (TSXV: NICU) ("Magna" or the "Company") is pleased to provide the following update on exploration activities at the Shakespeare Nickel-Copper-PGM Project. The exploration drilling program is well advanced, with 5,203 meters drilled to date from a planned program of 9,000 meters. Numerous assay results are pending due to severe delays in assay turnaround times."Although receipts of assay results are well behind our expectations, we are encouraged by...

    2021-08-17 6:00 AM EDT
  • Magna Mining Announces the Appointment of Vice President of Exploration

    Sudbury, Ontario--(Newsfile Corp. - August 3, 2021) - Magna Mining Inc. (TSXV: NICU) (the "Company" or "Magna") is pleased to announce the appointment of Dr. Mynyr Hoxha to the position of Vice President of Exploration. Dr. Hoxha has been an Advisor to the company since its inception in 2016 and participated in the initial due diligence on the Shakespeare property prior to the acquisition in 2017. Dr. Hoxha is a Professional Geoscientist with more than 30 years of mining and...

    2021-08-03 6:00 AM EDT
  • Magna Mining's Initial 2021 Drilling Intersects 33.8 Metres of Ni-Cu-PGM Mineralization in the Gap Zone at the Shakespeare Project, Ontario, Canada

    Sudbury, Ontario--(Newsfile Corp. - June 24, 2021) - Magna Mining Inc. (TSXV: NICU) ("Magna" or the "Company") is pleased to announce drill results for the first two drill holes at its Shakespeare Project, located near Sudbury, Ontario. Diamond drilling on the Shakespeare Project commenced in late April, with one diamond drill focused on better defining the area between the East and West zones, referred to as the Gap Zone, and at depth, below the East Zone. Drillhole MMC-21-15 intersected...

    2021-06-24 9:28 AM EDT
  • Magna Mining Announces Acquisition of Patented Claims Within the Shakespeare Project

    Sudbury, Ontario--(Newsfile Corp. - June 8, 2021) - Magna Mining Inc. (TSXV: NICU) (the "Company" or "Magna") announces that they have signed a definitive agreement to acquire a 50% interest in eight (8) patented claims in Baldwin Township, the "Baldwin Copper Patents," comprising 132.8 hectares of land (see Figure 1). Seven claims comprise both surface and mining rights, while the remaining claim is restricted to mining rights only. The 50% interest in these claims was acquired for $80,000 in cash...

    2021-06-08 6:30 AM EDT