Name: Magna Mining secures $50M, plans to restart Sudbury-area mine
Uploaded: 2025-09-17T23:57:40Z
Duration: 1 min 5 s
Description: Sudbury's Magna Mining raised $50 million in a private share sale, exceeding its $45M target. Funds will help restart the Levack mine next year.

Northern Ontario Watch

Magna Mining secures $50M, plans to restart Sudbury-area mine

Sudbury's Magna Mining raised $50 million in a private share sale, exceeding its $45M target. Funds will help restart the Levack mine next year, potentially creating 200 jobs.

September 17, 2025 at 5:17PM EDT