Magna Mining Inc. (V:NICU)
Business Focus: Specialty Mining & Metals (NEC)
Cloudy as of April 01, 2024
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Insider Filings
Latest 10 SEDI filings for NICU within the last 6 months
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Company News
Apr 03, 2024 07:00 ET
Magna Mining Continues to Intersect High Grade Massive Sulphide Within the Core of the 109 Footwall Zone, Including 2.5% Ni, 9.6% Cu, and 17.4 g/t Pt+Pd+Au over 6.8 Metres
Sudbury, Ontario--(Newsfile Corp. - April 3, 2024) - Magna Mining Inc. (TSX.V: NICU) (OTCQB: MGMNF) (FSE: 8YD) ("Magna" or the "Company") is pleased to provide additional drilling results from the 2024 exploration program at Crean Hill, targeting the near surface advanced exploration area of the 109 Footwall (FW) Zone. Recent drilling is designed to define the high-grade core of the 109 FW Zone.
Mar 27, 2024 06:45 ET
Magna Mining Announces the Signing of a Definitive Off-Take Agreement for the Crean Hill Project
Sudbury, Ontario--(Newsfile Corp. - March 27, 2024) - Magna Mining Inc. (TSXV: NICU) (OTCQB: MGMNF) (FSE: 8YD) ("Magna" or the "Company") is pleased to announce the signing of a Definitive Off-Take Agreement (the "Agreement") with Vale Base Metals wholly-owned subsidiary Vale Canada ("Vale") for the advanced exploration portion of the Crean Hill Project.
Valuation Ratios
Industry
Sector
Beta
N/A
--
--
Price to Sales - TTM
--
5.74
4.52
Price to Book - most recent quarter
13.41
1.96
2.00
Price to Cash Flow per share - TTM
--
12.64
9.61
Price to Free Cash Flow per share - TTM
--
11.71
19.38
Short Report
| Date | Number of Shares Shorted | Net Change |
|---|---|---|
| Apr 15, 2024 | 181,697 | -10,748 |
| Mar 31, 2024 | 192,445 | 121,012 |
| Mar 15, 2024 | 71,433 | -16,009 |
Business Summary
| Sector: Basic Materials | Industry: Specialty Mining & Metals |
Magna Mining Inc. is an exploration and development company. It is focused on nickel, copper, and platinum group minerals (PGM) projects in the Sudbury Region of Ontario, Canada. Its projects include Shakespeare project, Crean Hill Project, P-4 project, and the Shining Tree Project. The Shakespeare Project is comprised of approximately 29 patented claims, 3 leased claims and 787 mining claims within Dunlop, Porter, Shakespeare, Hyman and Baldwin Townships, and covers an area of 18,074.94 ha. The Crean Hill Project is located in Denison Township within the City of Greater Sudbury, Ontario, Canada, approximately 30km southwest of downtown Sudbury. The Crean Hill Property consists of approximately 255.9 hectares. The Shining Tree Nickel Project is located in Fawcett Township, 110 km north of Sudbury, Ontario and consists of certain claims covering an area of approximately 1,600 acres. The P-4 Project is located in Porter Township, approximately 5 km North East of the Shakespeare Mine.
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