Monday, August 4, 2025

Latest

Restarting Sudbury’s Crean Hill Nickel & Copper Mine with Paul Fowler of Magna Mining

At the Rule Symposium of Natural Resource Investing in Boca Raton, Florida, Steve interviewed Paul Fowler, Senior VP of Magna Mining Inc. (TSXV: NICU). Fowler provided comprehensive insights into Magna’s operations and strategic plans.

The conversation centered on Magna’s projects in the renowned Sudbury mining district, with particular emphasis on their flagship Crean Hill nickel-copper-PGM project. Fowler outlined the company’s strategy to revitalize this brownfield site, emphasizing the significant advantages of operating in an established mining region with existing infrastructure and skilled workforce.

“We have all the agreements in place such that when we start mining, we simply mine the ore, we send it to one of the local mills, and we start generating revenue,” Fowler shared. “That process will start from surface — the blasting will start from the surface next week, we’ll stockpile it for a short period of time, and then we’ll send it off, in this case to Glencore Strathcona Mill. Shortly thereafter, we’ll start generating modest revenues.”

Fowler detailed Magna’s imminent plans for test mining at Crean Hill, a crucial step in de-risking the project and validating its economic potential. He also discussed the company’s ore-selling agreements with major mills in the area, highlighting Magna’s ability to leverage existing processing facilities rather than building their own.

Addressing broader industry challenges, Fowler discussed the current capital market landscape for junior miners. He touched on Magna’s key investors, potentially indicating strong institutional support for the company’s plans.

Looking ahead, Fowler emphasized Magna’s execution-focused approach for the coming year.


Not a recommendation to buy or sell securities. Always do additional research and consult a professional before purchasing a security. The Deep Dive and its affiliates hold no licenses.

Video Articles

San Dimas: First Majestic Silver’s Sleeper Asset

New Gold Q2 Earnings: Record Free Cash Flow

STLLR Gold: The Tower Gold PEA

Recommended

Tsunami Warnings Spread As Largest Quake Since 2011 Hits Russia

Northern Superior Intersects 1.75 g/t Gold Over 65.0 Metres At Philibert

Related News

Zambia Shuts Key Copper Trade Route with Congo Amid Growing Crisis

Zambia, Africa’s second-largest copper producer, has taken a dramatic step by closing its borders with...

Monday, August 12, 2024, 10:41:00 AM

Canada Nickel Enters MOU With Glencore For Potential Use Of Kidd Facilities

Canada Nickel Company (TSXV: CNC) is steadily developing out its flagship Crawford Nickel-Cobalt Sulphide project...

Monday, January 11, 2021, 08:08:40 AM

Spruce Ridge To Commence 2020 Drill Program Next Week

Spruce Ridge Resources (TSXV: SHL) this afternoon announced that diamond drilling is to begin next...

Friday, September 18, 2020, 01:05:29 PM

QC Copper Intersects 138.0 Metres Of 0.48% Copper Equivalent

QC Copper and Gold Inc. (TSXV: QCCU) has released the company’s assay results from its...

Monday, May 31, 2021, 08:11:59 AM

Haywood Raises Nevada Copper Price Target After Debt Extension

On October 12th, Nevada Copper Corp. (TSX: NCU) announced that it has entered into an...

Saturday, October 16, 2021, 01:05:00 PM