- Business
- Minnova Corp. (TSXV:MCI) engages in the exploration, development, and planned restart of gold mining operations in Canada, primarily focused on its wholly-owned PL Gold Mine and Nokomis property in Manitoba; through its subsidiary Minnova Renewable Energy, the company pursues green hydrogen production initiatives utilizing biomass gasification and renewable energy technologies. The PL Gold Mine features an underground mining permit, a 1,000 tonnes per day processing mill, over 7,000 meters of developed underground ramps to a depth of 135 meters, and a positive feasibility study from 2018 outlining average annual production of 46,493 ounces of gold over a minimum five-year mine life at a US$1,250 per ounce gold price. Minnova Corp., founded in 1994 and headquartered in Toronto, Ontario, operates in the metals and mining sector with reportable segments in mineral exploration and renewable energy, targeting high-grade gold deposits and emerging cleantech markets in Canada. Recent developments include a brokered LIFE private placement announced in November 2025 for gross proceeds of up to C$5 million to fund PL Gold Mine advancement and working capital, an amended and restated LIFE offering document filed on November 19, 2025, a memorandum of understanding with Arctic Gateway Group in February 2024 to explore green hydrogen transport and export, and an MOU with the City of Flin Flon in March 2023 for large-scale green hydrogen production.