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Magna Mining Inc. (V:NICU)

Business Focus: Specialty Mining & Metals (NEC)

Apr 04, 2022 07:01 am ET
Magna Mining Appoints Jonathan Goodman as a Non-Executive Director
Sudbury, Ontario--(Newsfile Corp. - April 4, 2022) - Magna Mining Inc. (TSXV: NICU) ("Magna" or the "Company") 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 ("Dundee") 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 October 26, 2021 (see news release).
Mar 21, 2022 06:51 am ET
Magna Mining Commissions Second Drill Rig at the Shakespeare Project and Provides an Update on the Evaluation of a Toll Milling Restart for Near-Term Nickel Production
Sudbury, Ontario--(Newsfile Corp. - March 21, 2022) - Magna Mining Inc (TSXV: NICU) (the "Company") 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 ("Spanish River"), located 1km south-west of the recent P-4 nickel discovery (see Fig. 1). Spanish River was previously in production as an underground Cu-Co-Au-Ag operation until 1970, and the current drill program is the first diamond drilling program since the mine closed.
Mar 18, 2022 07:00 am ET
Magna Mining Files Technical Report for the Shakespeare Nickel Project
Sudbury, Ontario--(Newsfile Corp. - March 18, 2022) - Magna Mining Inc. (TSXV: NICU) ("Magna" or the "Company") is pleased to announce that further to its news release dated January 31, 2022, it has filed on SEDAR an independent technical report titled "Shakespeare Project Feasibility Study Technical Report" in respect of its Shakespeare Nickel Project located 60 km south-west of Sudbury, Ontario. The technical report has been filed in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects. A copy of the technical report is available under the Company's profile page at www.sedar.com.
Jan 31, 2022 06:00 am ET
Magna Mining Inc. Announces Non-Binding Memorandum of Understanding for Proposed Joint Venture Arrangement with Mitsui & Co. for Shakespeare Mine
Toronto, Ontario--(Newsfile Corp. - January 31, 2022) - Magna Mining Inc. (TSXV: NICU) ("Magna" or the "Company") is pleased to announce that it has entered into a non-binding memorandum of understanding ("MOU") with Mitsui & Co., Ltd. ("Mitsui"), 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 terms as to be further negotiated between the parties (the "Transaction"). In connection with the Transaction, it is expected that the parties will enter into a joint venture agreement to jointly pursue the development of the Shakespeare Mine, with Magna being the operator of the Project (the "Joint Venture" or "JV").
Jan 31, 2022 06:00 am ET
Magna Mining Inc's Shakespeare Nickel Project Feasibility Study Demonstrates Positive Economics and Carbon Neutral Nickel Mining Operation
Sudbury, Ontario--(Newsfile Corp. - January 31, 2022) - Magna Mining Inc (TSXV: NICU) (the "Company") is pleased to announce the results of the 2022 Feasibility Study for the Shakespeare Nickel Project ("Shakespeare") located 60 km south-west of Sudbury, Ontario. The Feasibility Study ("Study") is considered a base case and does not include any of the results from the 2021 Shakespeare drilling campaign (as highlighted in Figure 3). This Study remains within the constraints of current approvals, with only minor amendments and permits required prior to the start of construction. Shakespeare has a filed Closure Plan that has been accepted (approved) by the Ministry of Northern Development, Mines, Natural Resources and Forestry, and has obtained major permits for construction of a 4500 tonne per day (tpd) open pit mine, mill and tailing storage facility.
Jan 25, 2022 07:00 am ET
Magna Mining Engages Independent Trading Group as Market-Maker
Sudbury, Ontario--(Newsfile Corp. - January 25, 2022) - Magna Mining Inc. (TSXV: NICU) ("Magna" or the "Company") is pleased to announce that it has entered into a market-making agreement (the "Agreement") with Independent Trading Group ("ITG"), pursuant to which ITG has agreed to provide market-making services to the Company in accordance with the policies of the TSX Venture Exchange (the "Exchange") and applicable laws.
Jan 05, 2022 06:54 am ET
Magna Mining Announces Further Positive Assay Results from 2021 Shakespeare Mine Drilling
Additional Mineralized Intersections Reported from the Gap Zone
Dec 23, 2021 04:30 pm ET
Magna Mining Announces Grant of Stock Options
Sudbury, Ontario--(Newsfile Corp. - December 23, 2021) - Magna Mining Inc. (TSXV: NICU) (the "Company" or "Magna") 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.
Dec 01, 2021 06:54 am ET
Magna Mining Announces Winter Exploration Program at the Shakespeare Project and Results of Recent Borehole Electromagnetic Survey
Program to Focus on Follow-Up Drilling at the P-4 Discovery and Near Surface Copper Mineralization at the Past Producing Spanish River Copper Mine
Nov 04, 2021 07:03 am ET
Magna Mining Intersects 52.57 Metres of Ni-Cu-PGM Mineralization at the Shakespeare Project, Ontario, Canada
Sudbury, Ontario--(Newsfile Corp. - November 4, 2021) - Magna Mining Inc. (TSXV: NICU) ("Magna" or the "Company") 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 (Gap Zone) between the currently defined West and East Zones.
Nov 03, 2021 04:46 pm ET
Magna Mining Closes Final Tranche of Non-Brokered Private Placement
Toronto, Ontario--(Newsfile Corp. - November 3, 2021) - Magna Mining Inc. (TSXV: NICU) ("Magna" or the "Company") 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 (the "Offering"), pursuant to which the Company sold an aggregate of 1,107,800 flow-through common shares at a price of $0.45 per share, for aggregate gross proceeds of $498,510. Together with the first tranche of the Offering, the Company sold an aggregate of 6,996,700 flow-through common shares under the Offering for aggregate gross proceeds of $3,148,515.
Oct 28, 2021 07:02 am ET
Magna Mining Closes First Tranche of Non-Brokered Private Placement
Toronto, Ontario--(Newsfile Corp. - October 28, 2021) - Magna Mining Inc. (TSXV: NICU) ("Magna" or the "Company") is pleased to announce that it has closed an initial tranche of its previously announced non-brokered private placement (the "Offering"), 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 further tranche of the Offering in November.
Oct 22, 2021 06:56 am ET
Magna Mining Inc. Announces Upsize to Previously Announced Private Placement of Flow-Through Shares
Toronto, Ontario--(Newsfile Corp. - October 22, 2021) - Magna Mining Inc. (TSXV: NICU) ("Magna" or the "Company") 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 ("FT Shares") (up from 6,666,667 FT Shares) at a price of $0.45 per FT Share, for aggregate gross proceeds of up to $3,800,025 (the "Offering"). 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.
Sep 29, 2021 06:58 am ET
Magna Mining Inc. Announces up to $3 Million Non-Brokered Private Placement of Flow-Through Shares
Toronto, Ontario--(Newsfile Corp. - September 29, 2021) - Magna Mining Inc. (TSXV: NICU) ("Magna" or the "Company") is pleased to announce an offering (the "Offering") of up to 6,666,667 flow-through common shares ("FT 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.
Sep 20, 2021 07:03 am ET
Magna Mining Reports a New Nickel - Copper - PGM Discovery at the Shakespeare Project, Ontario, Canada
Sudbury, Ontario--(Newsfile Corp. - September 20, 2021) - Magna Mining Inc. (TSXV: NICU) ("Magna" or the "Company") 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.
Sep 14, 2021 07:02 am ET
Aug 17, 2021 06:00 am ET
Magna Mining Exploration Update for the Shakespeare Ni-Cu-PGM Project, Ontario, Canada
Sudbury, Ontario--(Newsfile Corp. - August 17, 2021) - Magna Mining Inc. (TSXV: NICU) ("Magna" or the "Company") is pleased to provide the following update on exploration activities at the Shakespeare Nickel-Copper-PGM Project.
Aug 03, 2021 06:00 am ET
Magna Mining Announces the Appointment of Vice President of Exploration
Sudbury, Ontario--(Newsfile Corp. - August 3, 2021) - Magna Mining Inc. (TSXV: NICU) (the "Company" or "Magna") 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.
Jun 24, 2021 09:28 am ET
Magna Mining's Initial 2021 Drilling Intersects 33.8 Metres of Ni-Cu-PGM Mineralization in the Gap Zone at the Shakespeare Project, Ontario, Canada
Sudbury, Ontario--(Newsfile Corp. - June 24, 2021) - Magna Mining Inc. (TSXV: NICU) ("Magna" or the "Company") is pleased to announce drill results for the first two drill holes at its Shakespeare Project, located near Sudbury, Ontario. Diamond drilling on the Shakespeare Project commenced in late April, with one diamond drill focused on better defining the area between the East and West zones, referred to as the Gap Zone, and at depth, below the East Zone.
Jun 08, 2021 06:30 am ET
Magna Mining Announces Acquisition of Patented Claims Within the Shakespeare Project
Sudbury, Ontario--(Newsfile Corp. - June 8, 2021) - Magna Mining Inc. (TSXV: NICU) (the "Company" or "Magna") announces that they have signed a definitive agreement to acquire a 50% interest in eight (8) patented claims in Baldwin Township, the "Baldwin Copper Patents," comprising 132.8 hectares of land (see Figure 1). Seven claims comprise both surface and mining rights, while the remaining claim is restricted to mining rights only. The 50% interest in these claims was acquired for $80,000 in cash and the vendor will retain a 1% Net Smelter Return (NSR) royalty. The acquisition is expected to close on or around June 18, 2021.
May 28, 2021 03:06 pm ET
Magna Mining Announces Grant of Stock Options and RSUs
Sudbury, Ontario--(Newsfile Corp. - May 28, 2021) - Magna Mining Inc. (TSXV: NICU) (the "Company" or "Magna") announces that it has granted a total of 925,000 stock options to purchase common shares of the Company to certain directors, officers, employees and consultants pursuant to the Company's Share Incentive Plan. Such options have an exercise price of $0.50 per common share, options issued to directors vest immediately, while all other options vest 1/3 immediately and 1/3 annually thereafter. All options expire on May 28, 2026. In addition, the Company has issued 93,000 restricted share units to certain employees and which have a three-year vesting period and are subject to shareholder approval.
May 26, 2021 06:00 am ET
Magna Mining Phase I 9,000m Drill Program Update at the Shakespeare Ni-Cu-PGM Project, Ontario, Canada
Sudbury, Ontario--(Newsfile Corp. - May 26, 2021) - Magna Mining Inc. (TSXV: NICU) ("Magna" or the "Company") 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.
May 20, 2021 06:30 am ET
Magna Mining Becomes Carbon Neutral
Sudbury, Ontario--(Newsfile Corp. - May 20, 2021) - Magna Mining Inc. (TSXV: NICU) ("Magna" or the "Company") is delighted to announce carbon neutrality in 2021. By purchasing offset credits for all Greenhouse Gas ("GHG") emissions produced throughout the year, Magna becomes one of the first carbon neutral nickel exploration companies in the world.
May 18, 2021 11:00 am ET
Magna Mining Virtually Opens The Market
TORONTO, May 18, 2021 /CNW/ - Jason Jessop, Founder, Chief Executive Officer, Magna Mining Inc., ("Magna Mining" or "the Company") (TSXV: NICU), and his team joined Dean McPherson, Head, Global Mining, TMX Group, to celebrate the Company's new listing on TSX Venture Exchange and open the market.
May 10, 2021 04:52 pm ET
IIROC Trading Resumption - NICU
VANCOUVER, BC, May 10, 2021 /CNW/ - Trading resumes in:
May 10, 2021 02:49 pm ET
Magna Mining Announces Trading Date on TSX Venture Exchange
Trading to Commence at Market Open on Tuesday May 11, 2021
May 05, 2021 04:25 pm ET
Magna Mining Inc. Closes Qualifying Transaction
TORONTO, May 5, 2021 /CNW/ - Magna Mining Inc. (formerly CT Developers Ltd.) (the "Company") is pleased to announce that, effective May 4, 2021, it has completed the acquisition of all of the issued and outstanding securities of Magna Mining Corp. ("Magna"), which is intended to constitute the Company's qualifying transaction (the "Qualifying Transaction") as defined under the policies of the TSX Venture Exchange (the "Exchange").