Magna’s Crean Hill project receives Ontario gov’t funding

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An aerial view of the former Crean Hill nickel-copper mine site. Credit: Magna Mining

Magna Mining (TSXV: NICU) has been awarded C$500,000 by the Ontario government for the company’s brownfield Crean Hill nickel-copper-platinum group metals project. The award is part of the Critical Minerals Innovation Fund launched by the province in 2022.

The funds, said Magna, will be applied towards metallurgical work related to enhancing precious metal recoveries from contact and footwall mineralization at Crean Hill, which was carried out as part of its 2024 surface bulk sampling program.

“We are extremely pleased to be the recipients of this funding program, and we are delighted that the Ontario government is supporting our efforts to develop new critical mineral production in Sudbury,” Magna Mining’s senior vice president Paul Fowler stated in a news release.

“By supporting Magna Mining’s Crean Hill…

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