Minnova Corp.
Capital Structure
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in mil. unless spec.Company Description
- CEO
- Gorden Glenn
- Full Time Employees
- - -
- Sector
- Non-energy minerals
- Industry
- Precious metals
- Address
- 217 Queen Street West Toronto ON Canada M5V 0R2
- IPO Date
- Nov 4, 2010
- Website
- minnovacorp.ca
- Similar Companies
- 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.
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 Announces Strategic Expansion Initiative to Target 2,000 TPD Mine Production at PL Gold Mine and Option Grant
Minnova Engages Amps Powerline Inc. to Oversee PL Gold Mine Grid Power Connection, Distribution and Utilization
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