Magna Mining Inc - Mining Stock Analysis & Updates

Magna Mining Announces Corporate Updates and Grant of Stock Options and RSUs

Magna Mining Announces Assay Results and Provides an Update on the McCreedy West Mine

Magna Mining Inc. reports promising assay results from McCreedy West and Levack Mines, highlighting high-grade copper and PGE values, including 24.9% Cu at Levack. The results support ongoing resource expansion and mid-term production planning following recent ownership.

Magna Mining Announces Closing of $33.5 Million Private Placement

Magna Mining Inc. announced the closure of a private placement, raising approximately $23.5 million from unsecured convertible debentures and $10 million from common shares. The funds will support Sudbury projects and corporate purposes. The debentures have a 10% interest rate and mature in 2029, convertible into shares at $2.00.

Magna Mining Initiates Diamond Drilling at the Levack Mine and Reports 2024 Drilling Results at the McCreedy West Mine

Magna Mining Inc. has completed the acquisition of Sudbury Basin assets and initiated diamond drilling at the Levack Mine. Recent drilling at the McCreedy West Mine revealed high-grade copper, nickel, and precious metals, indicating significant resource potential.

Magna Mining Completes Acquisition of Producing Copper Mine in Sudbury from KGHM International Ltd.

Magna Mining Inc. has completed the acquisition of base metals assets in the Sudbury Basin from KGHM International Ltd. The deal includes several mines and exploration assets, with a total purchase price involving cash, shares, and contingent payments. CEO Jason Jessup highlights the significance of this acquisition.

Magna Mining Announces Upsize to Previously Announced Private Placement

Magna Mining Inc. is increasing its private placement of unsecured convertible debentures from C$15 million to C$22 million, alongside a common share offering. The funds will support Sudbury projects and general corporate needs, with closure expected by February 27, 2025.

Magna Mining Announces up to $25 Million Private Placement

Magna Mining Inc. has announced a private placement offering of up to C$15 million in unsecured convertible debentures and C$10 million in common shares, aiming to fund its Sudbury projects and general corporate needs, with a 10% interest rate on debentures.

Magna Mining Provides Update on Acquisition of Properties from KGHM International Ltd.

Magna Mining Inc. is progressing towards finalizing its acquisition of base metals assets in the Sudbury Basin from KGHM, aiming to close the deal by February 2025. The company focuses on nickel, copper, and PGM projects, with key assets being the Shakespeare and Crean Hill Mines.

Magna Mining Provides Update on Acquisition of Producing Copper Mine in Sudbury from KGHM International Ltd.

Magna Mining Inc. updates on its acquisition of base metals assets in Sudbury from KGHM, targeting closure around January 31, 2025. The company has made progress on regulatory approvals since signing the agreement on September 11, 2024.

Magna Mining Acquires Additional Critical Mineral Exploration Assets in the Sudbury Basin Mining District

Magna Mining Inc. has announced an agreement to acquire base metals assets from NorthX Nickel Corp. in the Sudbury Basin, enhancing its exploration portfolio. The properties, believed to have high discovery potential, complement existing assets and support Magna's growth strategy.

Magna Mining Closes $21.85 Million Private Placement of Common Shares

Magna Mining Inc. has successfully closed its private placement of over 20 million common shares at $1.05 per share, generating around $21.85 million in gross proceeds. The offering was led by Desjardins Capital Markets and SCP Resource Finance LP, and also included Canaccord Genuity Corp. and BMO Capital Markets. The proceeds will be used to advance Sudbury projects and for general corporate purposes. Dundee Corporation, through its subsidiary, subscribed for over 4 million common shares, maintaining its stake at around 22% of the common shares. The shares issued will be subject to a four-month hold period.

Magna Mining Discovers New Copper Zone at the Shakespeare Project

Magna Mining Inc. has reported the successful completion of the first drilling at its Southwest (SW) Copper zone in Sudbury, Ontario, which has intersected 1.4% Cu over 32.4 metres, including 2.3% Cu over 13.9 metres. The drilling is part of a regional diamond drilling program on the Shakespeare Project. The company is optimistic about the potential of the area and plans to continue testing it. The SW Copper zone is part of a larger region that holds several known copper occurrences, including the Stumpy Bay showing.

Magna Mining Files Updated Preliminary Economic Assessment for the Crean Hill Project

Magna Mining Inc. has filed an independent technical report titled "Preliminary Economic Assessment Update for the Crean Hill Project, Sudbury, Ontario, Canada" with SEDAR. The report, prepared by SGS Geological Services, is in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Magna Mining is a development company focused on nickel, copper, and PGM projects in Ontario, Canada. Its key assets include the past producing Shakespeare and Crean Hill Mines.

Magna Mining Files Technical Report for the McCreedy West Copper-Nickel Mine

Magna Mining Inc. has filed an independent technical report in connection with its acquisition of a portfolio of base metals assets in the Sudbury Basin, including the McCreedy West copper nickel mine. The report, titled 'Mineral Resource Estimate for the McCreedy West Copper-Nickel Mine', has been lodged in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects. The report is accessible on the Company's profile page at www.sedarplus.com. Magna Mining is an exploration and development company focused on nickel, copper and PGM projects in the Sudbury Region of Ontario, Canada.

Magna Mining Inc Presentation Update - 2025-04-25 - Minimal Update Notice:...

Magna Mining's recent report updates are minor, with no impact on financial data, resource estimates, or strategy, ensuring stability and consistency.