Magna Mining Inc.

Magna Mining Inc. is pleased to announce that further to its news release dated September 17, 2024 titled "Magna Mining Completes Updated Preliminary Economic Assessment of the Crean Hill Project" the Company has filed on SEDAR an independent technical report titled "Preliminary Economic Assessment Update for the Crean Hill Project, Sudbury, Ontario, Canada". The technical report has been filed in accordance with National [...]

Magna Mining Inc. is pleased to announce that further to its news release dated September 12, 2024 titled 'Magna Mining Acquires Producing Copper Mine in Sudbury from KGHM International Ltd' in connection with the proposed acquisition by the Company of a portfolio of base metals assets located in the Sudbury Basin including the McCreedy West copper nickel mine , the Company has filed on SEDAR an independent technical [...]

Magna Mining Inc. announces that on October 17th, 2024, it granted a total 250,000 stock options to purchase common shares of the Company to certain officers and employees pursuant to the Company's Stock Option Plan. Such Options are exercisable into common shares of the Company at an exercise price of $1.17 per common share for a period of five years from the date of grant. The Options vest 1/3 immediately and 1/3 [...]

Magna Mining Inc. is pleased to announce that the Corporation and a syndicate of agents co-led by Desjardins Capital Markets and SCP Resource Finance LP have agreed to increase the size of its previously announced best-efforts private placement offering from approximately $15 million to gross proceeds of up to approximately $19 million . Pursuant to the amended terms of its agreement with the Bookrunners on behalf of the [...]

Magna Mining Inc. is pleased to announce that it has entered into an agreement with Desjardins Capital Markets and SCP Resource Finance LP on behalf of a syndicate of agents that may be formed , in connection with a "best efforts" private placement of up to 14,285,700 common shares of the Corporation at a price of $1.05 per Security for aggregate gross proceeds of up to approximately $15 million . In addition, the [...]

Magna Mining Inc. is pleased to announce that notification has been received from Natural Resources Canada that pending final due diligence, certain initiatives at both the Crean Hill and Shakespeare Mines have been conditionally approved for funding from the Critical Minerals Infrastructure Fund . The funding will support pre-construction activities to help advance clean energy and transportation infrastructure at both [...]

Magna Mining Inc. is pleased to provide an update on the advanced exploration surface bulk sample at the Crean Hill Project in Sudbury, Ontario. Jeff Huffman, COO of Magna Mining commented, "Magna has successfully completed the surface bulk sample program and acquired much of the data required to fully assess the base case metallurgical performance of the 109 Footwall Zone. Additional testing is being completed on samples [...]

Magna Mining Inc. issued a news release earlier today announcing the results of an Updated Preliminary Economic Assessment by SGS Geological Services on its 100% owned Crean Hill Project located in Sudbury, Ontario, Canada. The September 17th news release contained two summary tables outlining the Pre and Post Tax NPV and IRR's of the Crean Hill Project. Table 1 contained the correct numbers, while table 9 incorrectly [...]

Study Demonstrates 13 Year Mine Life, Modest Pre-Production Capital and Short Payback Period Magna Mining Inc. is pleased to announce the successful completion of its Updated Preliminary Economic Assessment by SGS Geological Services on its 100% owned Crean Hill Project located in Sudbury, Ontario, Canada. The PEA envisions an underground only mining operation, with Life of Mine potentially mineable resource being sold to [...]

Acquisition Includes a Portfolio of Critical Mineral Exploration and Development Assets in the Sudbury Basin Mining District Magna Mining Inc. is pleased to announce that it has entered into a definitive share purchase agreement dated September 11th 2024 with a subsidiary of KGHM International Ltd. to acquire a portfolio of base metals assets located in the Sudbury Basin . Magna will acquire the producing McCreedy West [...]