Nickel Mining News in Ontario

Magna Mining Inc.
Magna Mining Inc.
NICU
northeastern Ontario

Magna Mining Reports Results of Crean Hill Pre-Feasibility Study With Construction to Begin in 2027

Magna Mining Inc. announced positive results from a Pre-Feasibility Study for its Crean Hill Project, outlining a 12-year mine life with robust economics, including an after-tax NPV7% of C$251.0 million and an IRR of 43.4%. The study, compliant with NI 43-101, led to the Board of Directors approving construction to commence in 2027, leveraging existing infrastructure at the brownfield site. The project is expected to produce a balanced mix of copper, nickel, and precious metals, with initial capital costs of C$127.0 million and a net initial funding requirement of C$72.4 million after tax credits and pre-commercial cash flow.

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Mink Ventures Corporation
Mink Ventures Corporation
MINK
Ontario
Drill Results

Mink Ventures Intersects 0.5745% Ni, 0.8798% Cu, 0.0756% Co Over 2.1 Meters in Massive Sulphide at Rankin Property, Timmins, Ontario

Mink Ventures has intersected a new nickel-copper-cobalt zone, named the RAK Zone, at its Rankin Property in Timmins, Ontario. The intercept in hole R26-1 returned 2.1 meters of massive and semi-massive sulphides grading 0.5745% Ni, 0.8798% Cu, and 0.0756% Co.

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Mink Ventures Corporation
Mink Ventures Corporation
MINK.V
Ontario

Mink Ventures Corporation Intersects 0.5745% Ni, 0.8798% Cu, 0.0756% Co Over 2.1 Meters in Massive Sulphide at Rankin Property, Timmins, Ontario

Mink Ventures has intersected a new nickel-copper-cobalt zone, the RAK Zone, at its Rankin Property in Ontario, featuring massive and semi-massive sulphides. The best intercept reported is 0.57% Ni, 0.88% Cu, and 0.08% Co over 2.1 meters. The company plans downhole geophysics to better define the target before further drilling.

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Magna Mining Inc.
Magna Mining Inc.
NICU
Ontario

Magna Mining Reports Results of Levack Mine Preliminary Economic Assessment and Approves Restart of Production

Magna Mining Inc. announced robust results from a Preliminary Economic Assessment (PEA) for the restart of its fully-permitted Levack Mine in Ontario, Canada. The PEA outlines a 7.3-year mine life with an after-tax NPV7% of C$227.0 million and an IRR of 92.4%, with a rapid payback of 0.6 years. Based on these strong economics and low initial capital requirements, the company's Board of Directors has formally approved the restart of production.

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Magna Mining Inc.
Magna Mining Inc.
NICU
northeastern Ontario, Canada

Magna Mining Reports Results of Levack Mine Preliminary Economic Assessment and Approves Restart of Production

Magna Mining announced robust results from a Preliminary Economic Assessment (PEA) for the restart of its fully-permitted Levack Mine in the Sudbury Basin, Ontario. The PEA outlines a 7.3-year mine life with an after-tax NPV7% of C$227.0 million and an impressive after-tax IRR of 92.4%, with a rapid payback period of 0.6 years. Based on these strong economics and low initial capital requirements, the company's Board of Directors has formally approved the restart of production.

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Canada Nickel Company Inc.
Canada Nickel Company Inc.
CNC
Ontario
Resource Estimate

Crawford's First-Quartile Cost Curve Cushions It From Nickel's Price Slide

Canada Nickel's Crawford project demonstrates strong economics with a first-quartile cost position (US$0.39/lb net C1) despite falling nickel prices. Recent FEED work has improved the project's NPV to US$2.8 billion and IRR to 17.6%, supported by significant by-product credits from iron, chromium, and cobalt.

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Magna Mining Inc.
Magna Mining Inc.
NICU
Sudbury, Ontario
Drill Results

Magna Mining Expands the R2 Footwall Zone and Intersects Near Surface Mineralization at the Levack Mine in Sudbury, Ontario including 4.0% Nickel, 1.7% Copper and 3.5 g/t Platinum + Palladium + Gold (8.3% CuEq) over 4.6 metres

Magna Mining announced drill results from its Levack Mine in Sudbury, Ontario, highlighting the expansion of the R2 Footwall Zone and new near-surface mineralization at the West Main Orebody. Key intercepts include 9.5% Cu, 2.6% Ni, and 17.5 g/t Pt+Pd+Au over 2.1 metres in the R2 Footwall Zone, and 4.0% Ni, 1.7% Cu, and 3.5 g/t Pt+Pd+Au over 4.6 metres near surface. The company also noted the positive impact of recent Canadian tax changes on project economics and anticipates releasing PEA and PFS results in October.

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Magna Mining Inc.
Magna Mining Inc.
NICU.V
Sudbury, Ontario
Drill Results

Magna Mining Expands the R2 Footwall Zone and Intersects Near Surface Mineralization at the Levack Mine in Sudbury, Ontario including 4.0% Nickel, 1.7% Copper and 3.5 g/t Platinum + Palladium + Gold (8.3% CuEq) over 4.6 metres

Magna Mining announced new drill results from its Levack Mine in Sudbury, Ontario, including high-grade nickel, copper, and PGM intercepts. Highlights include 2.1 metres at 9.5% Cu, 2.6% Ni, and 17.5 g/t Pt+Pd+Au (23.5% CuEq) in the R2 Footwall Zone, and 4.6 metres at 1.7% Cu, 4.0% Ni, and 3.5 g/t Pt+Pd+Au (8.3% CuEq) near surface in the West Main Orebody. The results expand known mineralization and indicate potential for early production, with detailed QA/QC and metal equivalent assumptions disclosed.

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Magna Mining Inc.
Magna Mining Inc.
NICU
Sudbury, Ontario, Canada
Drill Results

Magna Mining Expands the R2 Footwall Zone and Intersects Near Surface Mineralization at the Levack Mine in Sudbury, Ontario including 4.0% Nickel, 1.7% Copper and 3.5 g/t Platinum + Palladium + Gold (8.3% CuEq) over 4.6 metres

Magna Mining Inc. announced new drill results from its Levack Mine in Sudbury, Ontario, expanding the R2 Footwall Zone and intersecting near-surface mineralization at the West Main Orebody. Highlights include 4.0% Nickel, 1.7% Copper, and 3.5 g/t Platinum + Palladium + Gold (8.3% CuEq) over 4.6 metres in hole MLV-26-64. The results demonstrate the potential for significant nickel-copper-precious metals-rich material and support future production planning, with both exploration and infill drilling contributing to the project's advancement.

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Electra Battery Materials
Electra Battery Materials
ELBM
Ontario
Metallurgical Results

Electra releases preliminary battery recycling results

Electra Battery Materials has announced preliminary study results for its proposed nickel refinery and battery recycling process, indicating nickel and cobalt recoveries exceeding 97%. The project aims to produce battery-grade nickel sulfate and nickel metal, with a first-phase capital estimate between C$738.87 million and C$675 million.

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