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Magna Mining Inc. secures C$140 million strategic investment from Alpayana S.A.C., enhancing its development initiatives. This funding will support its mineral projects and general working capital.

PUBLIC · MGMYYAug 31, 20262 days ago

Amount Raised

$140 Million

Round Type

Corporate Round

SudburyOther

Investors

Alpayana S.A.C.

Description

Magna Mining Inc. announces the closing of a non-brokered strategic private placement financing with Alpayana S.A.C. for C$140 million. Alpayana purchased over 62 million common shares at a price of C$2.25 per share

Company Information

Company

Magna Mining

Location

1300 Kelly Lake Road

Sudbury, Ontario, Canada

About

Magna Mining Inc. is a Canadian mining company specializing in the exploration, development, and production of base metals. The company is focused on acquiring and operating copper and nickel mining assets, with a commitment to leveraging its expertise to realize the full potential of the acquired mines and exploration properties in the Sudbury Basin.

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