Additional Infill Drilling at the McCreedy West Mine Continues to Return High-Grade Copper Intersections Magna Mining Inc. is pleased to announce additional assay results from the ongoing diamond drilling programs at both Levack and McCreedy West mines . Drilling at Levack continues to define the near-surface Keel Footwall Copper zone and test exploration targets near the Main Orebody. Magna is currently compiling data [...]
Magna Mining Inc. is pleased to announce the appointment of Tim Bradburn as Senior Vice President, General Counsel and Corporate Secretary. Tim has over 20 years of experience in cross-listed publicly traded companies and most recently was Senior Vice President, General Counsel and Corporate Secretary at IAMGold Corp.. "I am honoured and excited to be joining greatly experienced people leading a company with great [...]
Assay Results Include 24.9% Cu, 0.4% Ni & 5.0 g/t Pt + Pd + Au Over 1.6 Metres at Levack Mine Magna Mining Inc. is pleased to announce assay results from the producing McCreedy West Mine and the adjacent Levack Mine . Drilling at McCreedy West was focused on the 700 Footwall Cu-PGE zone resource expansion and definition in support of mid-term production planning, and targeted areas near historical mining. Drilling at [...]
Magna Mining Inc. is pleased to announce that it has closed its previously announced "best efforts" private placement of: $23,967,000 aggregate principal amount of unsecured convertible debentures of the Corporation , issued in ordinary multiples of $1,000, less an original issue discount of 2% of the face amount of the Convertible Debentures, for aggregate gross proceeds of $23,487,660; and an aggregate of 6,451,620 [...]
Magna Mining is pleased to announce that with the acquisition of the Sudbury Basin assets from KGHM now completed, Magna has initiated surface diamond drilling at the Levack Mine. Additionally, previously unreported 2024 drilling at the McCreedy West Mine has intersected up to 14.3% Cu, 3.5% Ni, 6.0 g/t Pt+Pd+Au over 9.6 metres in drillhole FNX33223 . Dave King, S.V.P. Exploration and Geoscience for Magna Mining stated [...]
Magna Mining Inc. is pleased to announce, further to its news releases dated September 12, 2024, January 9, 2025 and January 30, 2025, that it has completed its acquisition of a portfolio of base metals assets located in the Sudbury Basin from an affiliate of KGHM International Ltd. , which includes the producing McCreedy West copper mine, the past-producing Levack mine, Podolsky mine and Kirkwood mine, as well as the [...]
Magna Mining Inc. is pleased to announce that the Company and a syndicate of agents co-led by SCP Resource Finance LP and Desjardins Capital Markets have agreed to increase the size of its previously announced "best efforts" private placement offering of unsecured convertible debentures . The Debenture Offering has been upsized from up to C$15 million aggregate principal amount of unsecured convertible debentures to up to [...]
Magna Mining Inc. is pleased to announce that it has entered into an agreement with SCP Resource Finance LP and Desjardins Capital Markets, as co-lead agents, for and on behalf of a syndicate of agents , in connection with a "best efforts" private placement offering by the Company of: up to C$15 million aggregate principal amount of unsecured convertible debentures of the Company , issued in ordinary multiples of C$1,000 [...]
Magna Mining Inc. is pleased to provide an update regarding its previously announced agreement to acquire a portfolio of base metals assets located in the Sudbury Basin from an affiliate of KGHM, as previously announced in the Company's news release dated September 12, 2024 and updated on January 9, 2025. Since entering into the definitive share purchase agreement on September 11, 2024 , the Company, KGHM and their [...]
Magna Mining Inc. is pleased to provide an update regarding its previously announced agreement to acquire a portfolio of base metals assets located in the Sudbury Basin from an affiliate of KGHM International Ltd. , as previously announced in the Company's news release dated September 12, 2024. Since entering into the definitive share purchase agreement on September 11, 2024 , the Company, KGHM and their respective [...]
Magna Mining Inc. is pleased to announce that it has entered into a definitive asset purchase agreement dated December 18, 2024 with NorthX Nickel Corp. to acquire a portfolio of base metals assets located in the Sudbury Basin . Jason Jessup, CEO of Magna, stated "We are pleased to announce the acquisition of these exploration properties as we continue to grow our presence in the Sudbury Basin. The properties announced [...]
Magna Mining Inc. is pleased to announce that it has closed its previously announced "best efforts" private placement of 20,809,480 common shares of the Corporation at a price of $1.05 per Common Share for aggregate gross proceeds of approximately $21.85 million , including the full exercise of the option granted to the Agents. The Offering was co-led by Desjardins Capital Markets and SCP Resource Finance LP and included [...]
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