Magna's Crean Hill awarded CMIF funding
Dual-listed Magna Mining has secured up to C$500 000 in funding from the Ontario government to support metallurgical work at its Crean Hill project in the Sudbury basin.
The funding, awarded under Ontario’s Critical Minerals Innovation Fund (CMIF), will be used for metallurgical testing related to precious metal recovery from contact and footwall mineralisation as part of the surface bulk sample programme completed in 2024. The Crean Hill project is one of several developments the company is advancing to re-establish mining operations in Sudbury.
“We are extremely pleased to be the recipients of this funding programme, and we are delighted that the Ontario government is supporting our efforts to develop new critical mineral production in Sudbury,” said Paul Fowler, senior VP at Magna Mining.
“We look forward to continuing to work with the Ontario government through initiatives such as the CMIF and the new C$500-million Critical Minerals Processing Fund to execute our plans to restart multiple new mining operations and increase copper and nickel production in Sudbury over the next three to four years.”
“Ontario is doubling down on its leadership in the critical minerals sector, and our CMIF is a core component of this strategy,” said Energy and Mines Minister Stephen Lecce.
“This investment will help efforts to enhance mineral recoveries in the historic Sudbury basin and create good paying jobs for Canadians. By supporting Magna Mining’s Crean Hill project in advancing mineral processing work to maximise precious metal yields and boost copper and nickel output, we are helping to write the next chapter for Sudbury's mining sector while powering Ontario's future as a key supplier of the critical minerals essential for a modern and competitive economy.”
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