Magna Mining Inc.

Recent News

  • 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 $0.27 per subscription receipt to...

    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 100% of Lonmin Canada...

    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 we believe the...

    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. Goodman...

    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). Spanish River was previously...

    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 Disclosure for Mineral Projects....

    2022-03-18 7:00 AM EDT
  • Magna Mining Inc's Shakespeare Nickel Project Feasibility Study Demonstrates Positive Economics and Carbon Neutral Nickel Mining Operation

    Sudbury, Ontario--(Newsfile Corp. - January 31, 2022) - Magna Mining Inc (TSXV: NICU) (the "Company") is pleased to announce the results of the 2022 Feasibility Study for the Shakespeare Nickel Project ("Shakespeare") located 60 km south-west of Sudbury, Ontario. The Feasibility Study ("Study") is considered a base case and does not include any of the results from the 2021 Shakespeare drilling campaign (as highlighted in Figure 3). This Study remains within the constraints of current approvals, with only minor amendments...

    2022-01-31 6:00 AM EST