Magna Mining Inc. announces that it has granted a total of 575,000 stock options to purchase common shares of the Company to certain directors and officers pursuant to the Company's Share Incentive Plan. Such options have an exercise price of $0.40 per common share, and vest immediately. All options expire on December 23rd, 2026. About Magna Mining [...]
Magna Mining Inc. is pleased to announce that following the completion of a $3.14 million flow through financing on Nov 3rd, the next phase of exploration at the Shakespeare Ni-Cu-PGM Project will commence in early January. The initial winter exploration program will consist of 4,500m of drilling, which will target the new P-4 nickel discovery and [...]
Magna Mining Inc. is pleased to announce assay results from recent drilling at its Shakespeare Project, located near Sudbury, Ontario. All holes reported are in the immediate vicinity of the Shakespeare West Zone, Gap Zone and East Zone. Drilling and assay results demonstrate the potential to expand on existing shallow resources and close the gap [...]
Magna Mining Inc. is pleased to announce, further to its press releases dated September 29, 2021, October 22, 2021 and October 28, 2021, that it has closed the final tranche of its previously announced non-brokered private placement , pursuant to which the Company sold an aggregate of 1,107,800 flow-through common shares at a price of $0.45 per [...]
Magna Mining Inc. is pleased to announce that it has closed an initial tranche of its previously announced non-brokered private placement , pursuant to which the Company sold an aggregate of 5,888,900 flow-through common shares at a price of $0.45 per share, for aggregate gross proceeds of approximately $2,650,000. The Company intends to complete a [...]
Magna Mining Inc. is pleased to announce that it has increased the size of its previously announced non-brokered private placement to an aggregate of up to 8,444,500 flow-through common shares at a price of $0.45 per FT Share, for aggregate gross proceeds of up to $3,800,025 . The FT Shares will be offered by way of a best efforts non-brokered [...]
Magna Mining Inc. is pleased to announce an offering of up to 6,666,667 flow-through common shares at a price of $0.45 per FT Share, for total gross proceeds of up to $3 million. The FT Shares will be offered by way of a best efforts non-brokered private placement to "accredited investors" resident in the provinces of Canada. The gross proceeds of [...]
Magna Mining Inc. is pleased to provide assay results from the first two diamond drill holes that were designed to test a portion of the P-4 target, located 5 km to the east and on strike of the past producing Shakespeare Mine stratigraphy. Two holes were drilled to intersect a previously untested geophysical anomaly, and both holes intersected [...]
Highlights Include 13.19% Cu, 0.07% Co, 16.20 g/t Ag and 1.81 g/t Au Magna Mining Inc. is pleased to provide assay results from surface work on the recently acquired Baldwin Patents property, which is part of the Shakespeare Ni-Cu-PGM Project and located approximately 3 km south-east of the Shakespeare Mine. Initial surface mapping and sampling of [...]
Magna Mining Inc. 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 [...]
Magna Mining Inc. 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 [...]
Magna Mining Inc. 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 [...]
