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Magna Mining

  • Location: Ontario, Canada
  • Tickers: TSXV:NICU
  • Commodities: Copper, Nickel, Palladium, Platinum
  • Project Stages: Development, Exploration

Magna Mining is a nickel exploration and development company focused on the historic nickel producing region of Sudbury, Ontario. The flagship assets are the past producing Shakespeare and Crean Hill Mines, located on the south west side of the Sudbury Basin. The Shakespeare project retains major permits to re-commence production and for the construction of a 4,500 t/d mine, mill and tailings storage facility. The Crean Hill Mine was historically operated by INCO and produced nickel and copper for over 80 years.

The company has three growth objectives
1) To develop and build the Shakespeare mine and mill, 2) To continue to grow the NI-Cu-PGM resources at both Shakespeare and Crean Hill, and 3) To make significant new nickel discoveries at both projects.

In the longer term, the development of Shakespeare (which would be only the third processing plant in the Sudbury basin) is expected to facilitate the creation of a hub and spoke production model, and help Magna to achieve their objective of becoming the next new nickel producing company in Canada.

  • tsxv: nicu

    • -0.015 (-3.49%)

* Based on previous 24 hours performance

  • tsxv: nicu

    • -0.025 (-5.68%)

* Based on previous 7 days performance

  • tsxv: nicu

    • -0.105 (-20.19%)

* Based on previous 12 weeks performance

  • tsxv: nicu

    • -0.645 (-60.85%)

* Based on previous 12 months performance

Open 0.43000 Volume 84312
High 0.43000 52w High 1.49000
Low 0.40000 52w Low 0.40000
Close 0.41500

* 11 December 2023 (CAD)

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