Minnova Corp.
Other OTCCapital Structure
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in mil. unless spec.Company Description
- CEO
- Gorden Glenn BScH
- Sector
- Basic Materials
- Industry
- Gold
- Address
- 217 Queen Street West Toronto ON Canada M5V 0R2
- IPO Date
- Mar 14, 2012
- Website
- minnovacorp.ca
- Similar Companies
- Business
- Minnova Corp. is a Canadian technology, energy, and metals company engaged primarily in the exploration and development of mineral properties, with a specific focus on gold mining. Its core products and services include the exploration and development of the PL Gold Mine and the contiguous Nokomis property, both located in Manitoba, Canada, where it holds a 100% interest subject to a 3% net smelter royalty. In addition to mineral exploration, the company operates a renewable energy segment through its subsidiary Minnova Renewable Energy, which focuses on the research and development of biomass gasification technology to produce renewable energy and green hydrogen. Geographic operations are centered in Canada, with ongoing efforts to build a global green energy project pipeline. Founded in 1994 and headquartered in Toronto, Minnova Corp. has a strategic focus on advancing near-term gold production alongside renewable energy innovations. Recent major company changes include the engagement of A&B Global Mining to advance the PL Gold Mine restart plan with an updated mineral resource estimate and feasibility study aimed at achieving 1,000 tonnes per day run-of-mine production from open pits before transitioning to underground mining operations. The company successfully closed a private placement in 2025 raising C$4.82 million to fund development and drilling activities at the PL Gold Mine. It has also announced a restructuring strategy to focus on green hydrogen production with Memorandums of Understanding signed with Arctic Gateway Group and the City of Flin Flon to explore transport, export, and large-scale production of green hydrogen. Minnova Renewable Energy continues to expand its biomass gasification tests and renewable energy projects globally. The company resolved a cessation of trading issue with plans for increased exploration and operational growth at its core mineral and renewable energy assets. Minnova operates through two main business segments: mineral exploration with a concentration on gold properties in Manitoba, and renewable energy focusing on innovative carbon reduction technologies, biomass gasification, and green hydrogen development. It targets mining investors, energy markets, and industrial clients interested in clean energy solutions. The company has evolved from its former trading name Auriga Gold Corp. and increasingly emphasizes integrated energy and mining projects to support sustainable production and environmental goals. Subsidiaries include Minnova Renewable Energy, which leads its cleantech and green hydrogen initiatives. The strategic direction combines mineral asset development with expanding renewable energy technology applications, positioning Minnova as both a gold producer and a cleantech innovator in Canada and beyond.
Company News
Minnova Announces Positive Preliminary Economic Assessment for the PL Gold Mine Restart: After-Tax NPV5% of US$181 Million and 111% IRR at US$3,000/oz Gold, Rising to US$439 Million at US$4,000/oz
PL Gold Mine Restart Update
PL Gold Mine Restart Update High Grade Gold Results, Resource Expansion Potential and Operational Readiness Update
Minnova Announces Results of Annual and Special Meeting of Shareholders
Minnova Corp. Announces Closing of Brokered LIFE Offering for Gross Proceeds of C$4.82 Million
Minnova Corp. Announces Filing of Amended and Restated LIFE Offering Document
Minnova Corp. Announces Brokered LIFE Offering for Gross Proceeds of up to C$5 Million
Minnova Corp. PL Gold Mine Re-Start Plan, In-Fill Drill Program Update, and Option Grant
Minnova Corp. Engages A&B Global Mining to Advance PL Gold Mine Restart with Updated Feasibility Study and Project Execution Support
Minnova Provides Corporate Update
Minnova Announces Closing of Private Placement
Minnova Announces Completion of Debt Settlement
Minnova Provides Update on Private Placement
Minnova Announces Closing of First Tranche of Private Placement
Minnova Provides Update on Private Placement
Minnova Announces Private Placement of Units
Minnova Corp. Announces PL Gold Mine Restart Plans for 2025 and Updated Feasibility Study in 2026
Minnova Provides Corporate Update
Minnova Provides Update on Proposed Debt Settlement
Minnova Provides Corporate Update