Monday, August 25, 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

First Majestic Q2 Earnings: Another Record Quarter

Sandstorm Gold Fades Into Royal Gold Merger

Equinox Gold Q2 Earnings: Back On Track

Recommended

Emerita Resources Expands El Cura Drill Program By 10,000 Metres As Deposit Remains Open For Expansion

ESGold Signs MOU For Tailings Project In Colombia With Grades Up To 42 g/t Gold, 280 g/t Silver

Related News

Emerita Resources Hits Largest Intercept To Date With 11.1 Metres Of 3.6% Copper, 319 G/T Silver

Emerita Resources (TSXV: EMO) this morning released further drill results from its ongoing program at...

Wednesday, September 8, 2021, 08:17:29 AM

Canada Nickel Consolidates Crawford Nickel Property

Canada Nickel Company (TSXV: CNC) this morning announced the consolidation of several of its properties...

Thursday, April 22, 2021, 07:32:53 AM

Global Copper Market to Hit Deficit of 200,000 Tonnes by 2024

As construction sectors across developed economies continue to experience significant growth amid the pandemic, and...

Sunday, November 22, 2020, 11:37:00 AM

A Month After the Big Squeeze, Nickel Market is Far Less Liquid Than it Has Perhaps Ever Been

The market for nickel, one of the most important elements used in electric vehicle (EV)...

Wednesday, April 13, 2022, 01:30:00 PM

Ivanhoe Mines: BMO Raises Price Target To $10

This morning BMO Capital Markts raised their 12-month price target on Ivanhoe Mines (TSX: IVN)...

Friday, September 11, 2020, 05:57:52 PM