Magna Mining Inc.

Recent News

  • 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
  • Magna Mining Announces Grant of Stock Options and RSUs

    Sudbury, Ontario--(Newsfile Corp. - May 28, 2021) - Magna Mining Inc. (TSXV: NICU) (the "Company" or "Magna") announces that it has granted a total of 925,000 stock options to purchase common shares of the Company to certain directors, officers, employees and consultants pursuant to the Company's Share Incentive Plan. Such options have an exercise price of $0.50 per common share, options issued to directors vest immediately, while all other options vest 1/3 immediately and 1/3 annually thereafter. All options...

    2021-05-28 3:06 PM EDT
  • Magna Mining Phase I 9,000m Drill Program Update at the Shakespeare Ni-Cu-PGM Project, Ontario, Canada

    Sudbury, Ontario--(Newsfile Corp. - May 26, 2021) - Magna Mining Inc. (TSXV: NICU) ("Magna" or the "Company") is pleased to announce that it has commenced the planned 9,000 metre, Phase I drilling program at its Shakespeare Project, located near Sudbury, Ontario.Magna has allocated 6,000m of drilling to near-mine exploration targets at the past-producing Shakespeare Mine, and 3,000m to high priority regional exploration targets. At Shakespeare, drilling is designed to expand on the current National Instrument 43-101 Mineral Resource Estimate, beneath...

    2021-05-26 6:00 AM EDT
  • Magna Mining Becomes Carbon Neutral

    Sudbury, Ontario--(Newsfile Corp. - May 20, 2021) - Magna Mining Inc. (TSXV: NICU) ("Magna" or the "Company") is delighted to announce carbon neutrality in 2021. By purchasing offset credits for all Greenhouse Gas ("GHG") emissions produced throughout the year, Magna becomes one of the first carbon neutral nickel exploration companies in the world. Magna has engaged the corporate sustainability management firm Synergy Enterprises, to estimate GHG emissions from Company activities, including combustion of fuel in exploration equipment, land use changes...

    2021-05-20 6:30 AM EDT
  • Magna Mining Announces Trading Date on TSX Venture Exchange

    Toronto, Ontario--(Newsfile Corp. - May 10, 2021) -  Magna Mining Inc. (the "Company") is pleased to announce that, further to its news release of May 5, 2021, trading in the Company's common shares on the TSX Venture Exchange (the "TSXV") will commence at the opening of the market tomorrow, May 11, 2021, under the symbol "NICU". The commencement of trading follows the issuance of the Final Exchange Bulletin by the TSXV with respect to the Company's Qualifying Transaction.Additional information with...

    2021-05-10 2:49 PM EDT