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Magna Mining ( (TSE:NICU) ) has issued an announcement.
Magna Mining Inc. announced progress on its acquisition of base metals assets in the Sudbury Basin from KGHM International Ltd., aiming to finalize the deal by January 31, 2025. This transaction is expected to enhance Magna’s portfolio, strengthening its position within the mining industry and potentially benefiting stakeholders by expanding its operational base.
More about Magna Mining
Magna Mining Inc. is an exploration and development company specializing in nickel, copper, and PGM projects situated in the Sudbury Region of Ontario, Canada. Key assets include the Shakespeare and Crean Hill Mines, with Shakespeare being a feasibility stage project with major permits for an open pit mine construction.
YTD Price Performance: 12.68%
Average Trading Volume: 268,224
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$247.1M
Learn more about NICU stock on TipRanks’ Stock Analysis page.
