Our order book on this raise was heavily oversubscribed, and in about 1 hour we solicited more investor interest than we got in about the first four years of our company's existence. A 4 year overnight success, as they say. Cant wait to get cracking at Levack and see what little jewels she has stored away for us. $NICU
We are delighted to announce a C$45m equity raise which will allow us to accelerate our exploration & development at the past-producing Levack Mine. Recent results from this property have certainly caught the attention & interest of the investor community. https://t.co/OMDekhA2gU
We are certainly extremely appreciative of the concerted effort by your current administration in the Ontario Government to learn more about our business and understand its importance to critical mineral production and job growth in Sudbury. We are looking forward to continuing the productive conversations with have had with you and your team. $NICU
If i tried to add some context to 29% copper and 53 g/t precious metal grades I'd be wasting everyone's time. Sudbury deposits were formed by one of the worlds largest meteorite impacts, so we can truly say the exploration potential here is unique. Its tough to convey how excited we all are about the potential to grow this company into a true Canadian mining champion. $NICU
These are the sort of exploration results we always knew were possible at Levack as we relentlessly pursued the acquisition of these past-producing properties, finally buying them in March 2025. Sudbury still has so much incredible potential. $NICU
https://t.co/Y0sJEHrJAW
It was a pleasure to host Ontario Minister of the Environment @ToddJMcCarthy yesterday at our McCreedy West mine, and a bonus that we found the rocks from Pulp Fiction briefcase while we were down there. 😂. $NICU
Many thanks to Minister @ToddJMcCarthy for visiting our McCreedy West copper mine yesterday to take the time to learn about our operations, and how ongoing support from the @fordnation government is helping us grow critical mineral production and add mining jobs in Sudbury. $NICU
Back when @MagnaMining was a single asset company in 2017 it was challenging to envisage how we could execute our vision to become a company that would rank behind only Vale and Glencore for mining properties owned in arguably the greatest mining district that Canada has even seen. But as ever in mining, extreme sentiment and violent cyclical swings in the base metal sector created an environment which have helped us to build an outstanding growth platform for our company. At cyclical bottoms, you can complain about how mining cycles cut off access to capital and prevent growth, or you can go about figuring out how to acquire company defining assets at rock bottom prices. Its incredibly exciting to now be standing on the cusp of our next leg of growth with production, exploration and M&A activity all poised to increase over the coming 12 months. $NICU
We are pleased to announce the closing of the Sudbury property acquisition from NorthX Nickel. Another step on our path to become a multi-property owner and operator in Canada's most established and successful copper & nickel mining district. $NICU
https://t.co/khK74NvVgh
Many thanks to @drjimjonesceo for filming and posting this. Great little teaser showing some of the high grade narrow vein mineralization we’ve been talking about and which we are now mining, and some of the commentary by @JasonJessup22 gives you a sense of why a change in mining method and approach can have such a significant impact on grade and profitability. We’re very optimistic about what the next 12 months have in store for the McCreedy West copper mine and for @MagnaMining. $NICU
$nicu.v $mgmnf .@MagnaMining Video tour of McCreedy Mine. Straight down to 950ft level.
Enjoy the Massive Chalcopyrite Pyrite! Know what you own.
Multi-billion dollar company in the making 4-5 mines in production in the next 5 years.
Awesome time! Thank you .@JasonJessup22
It tough to see how US manufacturing industry benefits by significant increases to the COGS of any US manufacturer who uses a material amount of copper. All significant periods of national (re)industrialization have had cheap input costs as their driver (UK coal power, Chinese labour, German gas imports etc etc)
We hosted a quick underground tour today at our McCreedy West copper mine & were greeted at surface by this pleasing sight on the crushed ore pile. The fines you can see rolling down the side mean we’re currently mining what is likely to be some good copper mineralization. $NICU
@marketplunger1 Were going to ask our miners to produce more of it, mine higher grades, find more of it, and buy more mines with undiscovered copper deposits in them. That’s the plan, anyway. 😁 $NICU
Love this @moneyofminepod podcast and huge respect to the crew behind this for coming up with a unique business model that doesn’t involve them acting as paid shills for mining companies. Lovely surprise to wake up & discover they mentioned @MagnaMining on today’s episode. $NICU
Undervalued Copper, Twitter Activism and IperionX with @HankRuehl
🔗 https://t.co/svEvZFmZmE
• Rack Attack Endgame: Prediction $NWC $CAML
• Magna Mining is a copper mining ‘sleeper’ $NICU.V
• Grassroots, Twitter-led activism to unlock $TNR.V value
• IperionX: hype or substance? $IPX
There is something special brewing here in canada. I’ve never before seen such a productive alliance between mining companies and the provincial and federal governments. US government policy has given this collaboration an unprecedented shot in the arm.
Through our Critical Minerals Innovation Fund, we’re backing @MagnaMining’s Crean Hill project — boosting copper, nickel, and precious metal production in Sudbury and creating good-paying jobs in the North. https://t.co/XgnVPvQ8t2
@HankRuehl Its humbling to be the recipient of a write up like this, thanks Hank. We really appreciate all of your support and hopefully we'll continue to repay your faith.
Fortuitous for publicity. Not so fortuitous if you are trying to oversee the closure of an acquisition and a $33 million financing during 4 days of relentless social boozing events. I’m now off to bed for a week. @MagnaMining $NICU
PDAC was held at a fortuitous time for us this year, 2 days after we closed our transformative acquisition, and while we were closing a $33 m financing. Our attention now turns to operating our new #copper mine & testing the new exploration targets. $NICU https://t.co/GjMGMiwZyH
The upside from slogging through a long M&A process is that you have plenty of time to start planning for day 1. Now the question is how many people have forgotten that you can regularly drill double digit copper + PGM intercepts in Sudbury. $NICU https://t.co/OHgQh4eHme
This acquisition wouldn’t have been possible if the sentiment towards mining companies wasn’t so awful. Which is why it’s possible to build the platform for multi-billion dollar companies during these periods. You just need the right team, attitude, and shareholders. $NICU
It’s done. @MagnaMining is now officially the newest #copper producer in Canada. The stock price may tell you that the last 2 years were leading up to this. Our executives will tell you this is just the beginning. $NICU
https://t.co/ekvhNTEKcb
Its literally taken years to get here. Exciting day here at @MagnaMining. If you haven't looked at the resource sector since 2011, these mines used to be operated by FNX Mining, unquestionably one of the most successful Canadian mining companies of the early to mid 2000's.
Today, Feb 28th, we are expecting to close the transformational acquisition of a portfolio of producing and past producing #copper and #nickel mines in Sudbury. Generational mining companies are built when sentiment is at cyclical lows. $NICU
https://t.co/4CFZFeOTdC
@SamsonLi7 Hi Samson. Our company has changed a lot since then. The $240mm capex was for Shakespeare...which is now 4th or 5th on our priority list. We're about to purchase most of the old FNX assets in Sudbury, where the capex is very small. We'll be a copper producer on March 1st.
@Mark_IKN On a related point, lets be clear how destructive ETF's are for this sector. ETF's divert capital from the new issue market into the secondary. That is catastrophic in a cap intensive sector like mining for all companies who cant fund growth internally & need new issue markets.