Magna Mining CEO Jason Jessup told Proactive the company has entered into an agreement with Canaccord Genuity to help facilitate a financing. Jessup explained more about the financing and working with Canaccord. He also talked about the company's recent drill results. Proactive Canada Financial News Contact Details Proactive Canada Proactive [...]
Magna Mining Inc. is pleased to announce that it has entered into an agreement with Canaccord Genuity Corp. in connection with a "best efforts" private placement of: up to 7,162,534 common shares of the Corporation at a price of $1.815 per CharitabMagnale Flow-Through Share for aggregate gross proceeds of up to approximately $13 million ; and up to [...]
Mineralization Intersected over 98m Including 3.7% Ni, 2.8% Cu and 20.2 g/t Pt+Pd+Au over 7.1m Magna Mining Inc. is pleased to announce the first assays received from drilling on the 109 Footwall Zone at the Crean Hill Mine . Drillhole MCR-22-010 was targeted within the near surface 109 FW Zone Mineral Resource and intersected mineralization [...]
Magna Mining Inc. is pleased to announce additional assays received from the November 2022 drill program at Crean Hill. Drillhole MCR-22-005 was designed to follow up on previously announced high grade nickel mineralization intersected in the 101 Footwall Zone in drillhole MCR-22-003 . Hole MCR-22-005 intersected mineralization grading 4.0 % Ni [...]
Magna Mining Inc. is pleased to announce that, further to its news release dated November 7, 2022, it has filed on SEDAR an independent technical report titled "Mineral Resource Estimate Update for the Denison Ni-Cu-PGE Sulphide Deposit, Denison Project, Sudbury, Ontario Canada" in respect of its Denison Project. The technical report has been filed [...]
Magna Mining Inc. is pleased to announce that first assays have been received from the recent drilling at Crean Hill. Drillhole MCR-22-003 intersected massive sulphide mineralization , grading 6.0 % Ni, 0.3 % Cu, 0.7 g/t Pt+Pd+Au over 5.8 metres. The Company has completed 10 drillholes to date and expects to resume diamond drilling in early [...]
Diamond Drilling Has Commenced and Intersected Semi-Massive to Massive Sulphides over 10.7 Metres Magna Mining Inc. is pleased to announce that drilling has commenced at the Crean Hill Mine, part of the Denison Project . To date, three holes have been completed and each has intersected mineralization as expected, including massive sulphide [...]
Magna Mining Inc. announces that it has granted a total of 3,685,000 stock options to purchase common shares of the Company to certain directors, officers, employees and consultants pursuant to the Company's Stock Option Plan. Such Options are exercisable into common shares of the Company at an exercise price of $0.47 per common share for a period [...]
Magna Mining Inc. is pleased to announce the initial Mineral Resource Estimate for the Denison Project which includes the past producing Crean Hill NiCu-PGE Mine in Sudbury, Ontario. The Company recently announced the closing of the acquisition of Lonmin Canada Inc. , which owns the Denison Project. The Denison Project is centered on the past [...]
Magna Mining Inc. is pleased to announce that it has closed the acquisition of Lonmin Canada Inc. , including the Denison Project and the past producing Crean Hill Ni-Cu-PGE mine , pursuant to a share purchase agreement dated August 15, 2022 among the Corporation, Loncan, each of the shareholders of Loncan and Sibanye UK Limited, as shareholder [...]
Magna Mining Inc. is pleased to announce that it expects to satisfy the final conditions precedent to the previously announced acquisition of Lonmin Canada Inc. on or about November 4, 2022. Upon the satisfaction of the final conditions to the Acquisition, the escrow release conditions relating to the 74,128,860 subscription receipts of the [...]
Results Include the Highest-Grade Intersection of Combined Platinum, Palladium and Gold Discovered to Date On the Shakespeare Project In the summary text, the prior press release reported an intersection from Hole MMC-22-43 as 0.41% Ni, 0.31% Cu, and 1.09g/t Pt + Pd + Au over 18.4m. The correct text should read 0.31% Ni, 0.41% Cu and 1.09 g/t Pt [...]
