Results Include the Highest-Grade Intersection of Combined Platinum, Palladium and Gold Discovered to Date on the Shakespeare Project Magna Mining Inc. is pleased to announce the assay results from recent drilling at the Shakespeare Mine. A total of 1,983 meters of drilling in 5 drillholes was completed in the first half of 2022, with the results [...]
Magna Mining Inc. is pleased to announce the closing of the Corporation's previously-announced non-brokered private placement, pursuant to which a total of 74,128,860 subscription receipts of the Corporation were issued at a price of $0.27 per Subscription Receipt, for aggregate gross proceeds of $20,014,792.20 . Upon the satisfaction of the Escrow [...]
Magna Mining Inc. is pleased to announce that it has received conditional approval from the TSX Venture Exchange of its previously announced proposed acquisition of 100% of Lonmin Canada Inc., which holds the Denison project in Ontario , and the related non-brokered private placement of up to 74,074,074 subscription receipts of the Company at a [...]
Magna Mining Inc. is pleased to announce that, as set out in the bulletin of the TSX Venture Exchange 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 to acquire [...]
Transformational Acquisition of the past Producing Crean Hill Mine in Sudbury, Ontario Magna Mining Inc. is pleased to announce that the Company has entered into a definitive share purchase agreement to acquire 100% of Lonmin Canada Inc. , including the Denison Project and the past producing Crean Hill Ni-Cu-PGE mine. Magna's CEO, Jason Jessup [...]
Magna Mining Inc. 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 . Election of Directors. Nominee For [...]
Magna Mining Inc. 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 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 [...]
Magna Mining Inc. 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 , located 1km south-west of the [...]
Magna Mining Inc. is pleased to announce that it has entered into a non-binding memorandum of understanding with Mitsui & Co., Ltd. , whereby Magna and Mitsui will discuss the possibility of Mitsui's acquirement of a 10 to 12.5% interest in Magna's Shakespeare Mine in exchange for cash consideration ranging between $8 million to $10 million on such [...]
Magna Mining Inc. is pleased to announce the results of the 2022 Feasibility Study for the Shakespeare Nickel Project located 60 km south-west of Sudbury, Ontario. The Feasibility Study is considered a base case and does not include any of the results from the 2021 Shakespeare drilling campaign . This Study remains within the constraints of current [...]
Magna Mining Inc. is pleased to announce that it has entered into a market-making agreement with Independent Trading Group , pursuant to which ITG has agreed to provide market-making services to the Company in accordance with the policies of the TSX Venture Exchange and applicable laws. ITG will trade shares of the Company on the TSXV and other [...]
Magna Mining Inc. is pleased to announce the assay results from a further nine holes drilled at the Shakespeare Mine during the 2021 drilling program. Highlights from this batch of assay results include wide Gap Zone intersections which support the thesis that the West and East Zones are connected not only near surface, but also at depth. Jason [...]
