Magna Mining (TSE:NICU) has released an update.
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Magna Mining Inc. has received conditional approval for federal funding to support infrastructure developments at its Crean Hill and Shakespeare Mines in Ontario, aimed at advancing clean energy and transportation. The Critical Minerals Infrastructure Fund will provide up to $1.6 million for pre-construction activities, including upgrading access roads and connecting to the power grid, which is expected to accelerate job creation and commercial production in the region.
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