Board Change • Aug 06
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director James White was the last independent director to join the board, commencing their role in 2010. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Mar 04
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$2.5m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$2.5m free cash flow). Negative equity (-CA$2.2m). Earnings have declined by 19% per year over the past 5 years. Shareholders have been substantially diluted in the past year (73% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (20% average weekly change). Market cap is less than US$100m (CA$56.0m market cap, or US$41.0m). Ankündigung • Dec 12
Minnova Corp., Annual General Meeting, Feb 09, 2026 Minnova Corp., Annual General Meeting, Feb 09, 2026. Ankündigung • Dec 04
Minnova Corp. announced that it has received CAD 4.820154 million in funding On December 3, 2025. Minnova Corp. announced that it has closed the transaction. It has issued 12,900,000 units of the Company at a price of CAD 0.20 per Unit for proceeds of CAD 2,580,000 and 9,739,800 flow-through units of the Company at a price of CAD 0.23 per FT Unit for proceeds of CAD 2,240,154 for aggregate proceeds of CAD 4,820,154. As consideration for their services in the Offering, Red Cloud received aggregate cash fees of CAD 256,809.24 and 1,196,388 non-transferable common share purchase warrants Ankündigung • Nov 06
Minnova Corp. announced that it expects to receive CAD 5 million in funding Minnova Corp. announced a brokered LIFE offering and it has entered into an agreement with Red Cloud Securities Inc. in connection with a best effort private placement to issue 10,000,000 units at an issue price of CAD 0.20 for gross proceeds of CAD 2,000,000, flow-through units at an issue price of CAD 0.23 and charity flow-through unit at an issue price of CAD 0.32 for aggregate proceeds of CAD 5,000,000 on November 5, 2025. Each unit will consist of one common share of the company and one common share purchase warrant. Each flow-through unit and charity flow-through unit will consist of one common share of the company to be issued as a flow-through share and one warrant. Each warrant shall entitle the holder to purchase one common share of the company at a price of CAD 0.30 at any time on or before that date which is 36 months after the closing date. The company has granted Red Cloud an option, exercisable in full or in part up to 48 hours prior to the closing of the marketed offering, to sell up to an additional CAD 1,000,000 in any combination of units, flow-through units and charity flow-through units at their respective offering prices. The units may also be sold in offshore jurisdictions and in the United States on a private placement basis pursuant to one or more exemptions from the registration requirements of the U.S. securities act of 1933, as amended. The offering is scheduled to close on November 25, 2025, or such other date as the company and Red Cloud may agree. Completion of the offering is subject to certain conditions, including, but not limited to, the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange. All securities not issued pursuant to the listed issuer financing exemption will be subject to a hold period in Canada ending on the date that is four months plus one day following the closing date. Recent Insider Transactions Derivative • Sep 28
Chairman exercised options to buy CA$38k worth of stock. On the 26th of September, Gorden Glenn exercised options to buy 200k shares at a strike price of around CA$0.85, costing a total of CA$170k. This transaction amounted to 1.4% of their direct individual holding at the time of the trade. Since December 2024, Gorden's direct individual holding has increased from 5.27m shares to 13.94m. This was the only transaction from an insider over the last 12 months. Ankündigung • Jul 29
Minnova Corp. announced that it has received CAD 0.5755 million in funding On July 28, 2025, Minnova Corp. closed the transaction and its final tranche. The company issued 3,000,000 units at a price of CAD 0.05 for gross proceeds of CAD 150,000. Each unit is comprised of one common share of the company and one-half of one whole common share purchase warrant. Each warrant will entitle the holder to purchase one common share at a price of CAD 0.10 per common share for a period of two years from the date of issuance. All securities issued in connection with the Offering are subject to a hold period of four months plus a day from the date of issuance and the resale rules of applicable securities legislation. An insider of the Company subscribed for 1,000,000 Units pursuant to the Offering. New Risk • Jul 28
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 58% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (23% average weekly change). Negative equity (-CA$5.2m). Earnings have declined by 16% per year over the past 5 years. Shareholders have been substantially diluted in the past year (58% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$8.32m market cap, or US$6.07m). New Risk • May 09
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 23% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (25% average weekly change). Negative equity (-CA$5.2m). Earnings have declined by 16% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$5.19m market cap, or US$3.72m). Minor Risk Shareholders have been diluted in the past year (23% increase in shares outstanding). Ankündigung • May 07
Minnova Corp. announced that it expects to receive CAD 0.8 million in funding Minnova Corp announced a non-brokered private placement to issue 16,000,000 units at a price of CAD 0.05 for aggregate gross proceeds of CAD 800,000 on May 7, 2025. Each Unit is comprised of one common share of the Company and one-half of one whole Common Share purchase warrant. Each warrant will entitle the holder to purchase one Common Share at a price of CAD 0.1 per Common Share for a period of two years from the date of issuance. Closing of the Offering is subject to receipt of all necessary corporate and regulatory approvals, including the approval of TSX Venture Exchange. All securities issued in connection with the Offering will be subject to a hold period of four months plus a day from the date of issuance and the resale rules of applicable securities legislation. Ankündigung • Nov 26
Minnova Corp., Annual General Meeting, Jan 22, 2025 Minnova Corp., Annual General Meeting, Jan 22, 2025. New Risk • Nov 29
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$589k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$589k free cash flow). Share price has been highly volatile over the past 3 months (26% average weekly change). Negative equity (-CA$4.2m). Earnings have declined by 30% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$1.40m market cap, or US$1.03m). Minor Risk Shareholders have been diluted in the past year (15% increase in shares outstanding). New Risk • Sep 21
New major risk - Revenue and earnings growth Earnings have declined by 1.1% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (26% average weekly change). Negative equity (-CA$4.0m). Earnings have declined by 1.1% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$1.75m market cap, or US$1.30m). Minor Risk Shareholders have been diluted in the past year (15% increase in shares outstanding). New Risk • Sep 19
New major risk - Negative shareholders equity The company has negative equity. Total equity: -CA$4.0m This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (25% average weekly change). Negative equity (-CA$4.0m). Revenue is less than US$1m. Market cap is less than US$10m (CA$1.75m market cap, or US$1.30m). Minor Risk Shareholders have been diluted in the past year (15% increase in shares outstanding). New Risk • Sep 17
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (24% average weekly change). Revenue is less than US$1m (CA$1.4k revenue, or US$1.0k). Market cap is less than US$10m (CA$1.40m market cap, or US$1.04m). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Shareholders have been diluted in the past year (15% increase in shares outstanding). New Risk • Sep 01
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (23% average weekly change). Revenue is less than US$1m (CA$1.4k revenue, or US$1.0k). Market cap is less than US$10m (CA$2.10m market cap, or US$1.54m). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Shareholders have been diluted in the past year (15% increase in shares outstanding). Ankündigung • Jul 15
Minnova Corp. Provides Corporate Update Minnova Corp. provided a corporate update on both Minnova Renewable Energy ("MRE") strategy and corporate developments at wholly owned PL Gold Mine. Minnova Renewable Energy Flin Flon Clean Energy Hub (FFCEH) Following the announcement of MRE and the City of Flin Flon entering a non-binding memorandum of understanding (the "MOU") on March 29, 2023 the company conducted an extensive consultation process with industry (OEM's, technology providers and potential offtaker's), government, first nations and community. Based on the results of these discussions the Company is eager to advacne Flin Flon Clean Energy Hub (FFCEH) initiative and intends to engage a consulting engineering group with requisite experience in hydrolysis, syngas, processing, environmental and permitting (owners engineer) to complete a series of techno- economic trade off studies. The studies will analyse water electrolysis to produce green hydrogen at an initial minimum load of 20MW of low-cost grid hydropower supplied by Manitoba Hydro with potential to scale up to over 100MW. Initial green hydrogen production is forecast at 2,880 tonnes that could be directly processed to over 16,000 tonnes of renewable ammonia or over 20,000 tonnes of renewable methanol. The studies will also consider renewable diesel fuel and Sustainable Aviation Fuel (SAF) production. While green hydrogen is not an established market in Canada the markets for ammonia and methanol are, offering a ready market to supply renewable energy fuels for industries seeking to decarbonize. Renewable diesel can be a drop-in fuel to replace conventional fossil fuel derived diesel and SAF is gaining traction as a solution to reduce carbon emissions related to air travel. The regions large scale hydro power supply combined with abundant forest biomass supply and other development considerations, including; competitive utilities, skilled labor force, road and rail infrastructure and marine port access were key considerations in the site selection process. Swan River Biomass Gasification Pilot Plant Construction of planned biomass gasification pilot plant is underway with the majority of reactor parts purchased and stored in Winnipeg. The company is currently sourcing specialized ATEX sensors and valves and when received will be in a position to advance fabrication and assembly. The Company will have further market updates and as assembly progresses. PL Gold Mine Over the last several months the company has proactively solicited interest from other gold sector companies regarding possible M+A and/or joint efforts to advance the PL Gold Mine. Discussions have included a range of strategies from additional drilling to increase the current NI 43-101 complaint resource to full scale development based on the 2018 Feasibility Study (2018 FS") which would be updated prior to any construction decision. These talks are ongoing, and the Company will comment further if an agreement is reached requiring a material announcement. Separately the company has been approached by a first nations owned mining contractor and a mining equipment/system developer with a proposal to consider an advanced exploration and underground development program designed to further advance the PL Gold Mine and consisting of surface bulk sample for updated metallurgical test work followed by shallow underground mine development to test equipment and underground mining methods specifically designed for narrow, low angle deposits like PL. Discussions are at an early stage, and are encouraged by the experience and expertise of the parties involved and the potential to partner with firstnations owned contractor to share in the development and commercialization of the equipment and mining method with no dilution in the ownership of the PL Gold Mine. Ankündigung • Feb 16
Minnova Corp. Announces Lithium Pegmatite Potential At PL Gold Mine in Manitoba Minnova Corp. announced recent exploration results that have identified potential for Lithium-Cesium-Tantalum (LCT) pegmatites at the PL Mine. The increasing demand for lithium and other critical minerals prompted a review of all technical records at the PL mine (drill logs, core, maps and other technical survey data accumulated since the PL Mine was developed since 1980). First pass query of the PL Mine project development database returned over 200 pegmatite intercepts ranging in width from 0.1 meters to over 19.0 meters. Pegmatite dykes have also been reported during surface geological mapping programs well beyond the limits of the PL deposit drill hole database. Despite a very high concentration of pegmatite dykes near the gold bearing shear zones that host the PL Mine gold resource there is no record of sampling or studies by the company or government to assess lithium or other rare element potential at the PL mine site or surrounding area. All previous exploration, development and operations have focused on delineating and expanding the gold mineralized structures that host the PL Mine resource and exploration for additional gold mineralized structures. The Company conducted a literature review on LCT pegmatite depositional models which supported an initial program of relogging and sampling of a selection of pegmatite intercepts from the drillhole database. A total of 15 lithogeochem samples were collected and submitted to SRC Geoanalytical Laboratories. Geochemical results were encouraging returning up to 24 ppm Lithium in core samples while relogging identified two distinct pegmatite mineral assemblages; 1) coarse grained, white grey, albite dominant with quartz and well-defined mineral and grain size zonation, and; 2) coarse grained, pink potassium feldspar dominant with little to no zonation. The white-grey, albite rich pegmatites consistently reported higher lithium content. Manitoba is well known for its lithium potential and hosts the world class Tanco LCT pegmatite deposit in southeast Manitoba and the Wekusko Lake pegmatite field located less than 100km southeast of the PL Mine near Snow Lake, Manitoba. The Wekusko Lake pegmatite field is hosted in mixed Missi Group clastic sedimentary and Missi Group mafic volcanic rocks, the same stratigraphic assemblages that host the PL Mine pegmatites. Both project areas exhibit complex polyphase structural histories (i.e., folding, faulting, and metamorphism) and occur in the Paleoproterozoic Trans-Hudson orogen. LCT pegmatites are typically associated with specific rock formations, so identifying favourable host rocks is an important aspect of selecting high- priority exploration targets around the PL mine. Ankündigung • Feb 09
Minnova Corp. announced that it has received CAD 0.45 million in funding On February 8, 2023, the company has issued 6,000,000 common shares at a price of CAD 0.05 per common share for gross proceeds of CAD 300,000 in its second and final tranche. In total, the company issued an aggregate of 9,000,000 common shares for gross proceeds of CAD 450,000 in the transaction. In connection with the transaction, the company paid a cash commission in the aggregate of CAD 21,000 and issued an aggregate of 420,000 broker warrants. Each Broker Warrant is exercisable into common shares at a price of CAD 0.05 per common share until February 8, 2025. Ankündigung • Jan 17
Minnova Corp. announced that it expects to receive CAD 0.5 million in funding Minnova Corp. announced a non-brokered private placement of 10,000,000 common shares at an issue price of CAD 0.05 per share for gross proceeds of CAD 500,000 on January 16, 2023. Closing of the offering is subject to receipt of all necessary corporate and regulatory approvals, including the approval of TSX Venture Exchange. All securities issued in connection with the offering will be subject to a hold period of four months plus a day from the date of issuance and the resale rules of applicable securities legislation. Ankündigung • Dec 20
Minnova Corp., Annual General Meeting, Feb 21, 2023 Minnova Corp., Annual General Meeting, Feb 21, 2023. Ankündigung • Aug 24
Minnova Corp. announced that it has received CAD 0.35 million in funding On August 23, 2022, Minnova Corp. closed the transaction. The company has issued 8,000,000 units in its final tranche for gross proceeds of CAD 280,000. The company has issued 10,000,000 units for gross proceeds of CAD 350,000 in the transaction. Each warrant shall entitle the holder thereof to purchase one common share at a price of CAD 0.07 per common share until August 23, 2024. The company paid finders' fee of CAD 19,600 and issued 560,000 broker warrants. Each broker warrant is exercisable into common share at a price of CAD 0.10 per common share until August 23, 2024. Ankündigung • Jul 21
Minnova Corp. announced that it expects to receive CAD 0.35 million in funding Minnova Corp. announced a non-brokered private placement of up to 10,000,000 units at a price of CAD 0.035 per unit for aggregate gross proceeds of up to CAD 350,000 on July 20, 2022. Each Unit shall be comprised of one common share and one-half of one whole common share purchase warrant. Each Warrant shall entitle the holder thereof to acquire one common share at an exercise price of CAD 0.07 per Warrant Share for a period of twenty-four (24) months from the date of issuance. The Company may pay certain eligible persons, the Finders a cash commission equal to 7% of the gross proceeds of the offering and broker warrants equal to 7% of the number of units issued pursuant to the offering. Each broker warrant shall entitle the holder thereof to acquire one Common Share at a price of CAD 0.10 per common share for a period of two (2) years from the closing of the offering. All securities issued pursuant to the offering will be subject to a hold period of four months plus a day from the date of issuance. The closing of the transaction is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals, including the approval of the TSX Venture Exchange. Ankündigung • Jul 14
Minnova Corp. and Minnova Renewable Energy Announce Positive Velocimetry Test Results and Hydrogen Market Update Minnova Corp. announced positive particle tracking velocimetry results of the DUMA technology. The tests were conducted by University of L'Aquila (Italy) and support the development of planned demonstration plant in Swan River, Manitoba and other future commercial development sites in Europe and central America. The DUMA 3rd generation gasification design builds on existing fluidized bed gasification technology but incorporates patent pending design and operational features that enable high throughput to produce a high hydrogen content syngas. Two floor standing cold model units were built by DUMA at the beginning of 2022 to experiment different configurations and working parameters. Velocimetry tests analysed the trajectories of the bed particle images acquired with a high-speed and high-resolution camera and processed by software that uses pixel-by-pixel analysis with a preprocessing step of background subtraction and thresholding segmentation. This analysis enables engineering team to reconstruct the velocity and distribution of the entrained biomass particles inside the bed reactor. Velocimetry test results were positive, indicating a biomass flow rate of the DUMA 3rd generation gasification system up to 375% higher than existing technology. This is a remarkable achievement and represents a truly significant advancement in fluidized bed gasification technology that can result in higher initial syngas hydrogen content (over 50% H2), lower green hydrogen production costs, smaller plant footprint and lower capital costs of the entire production plant. In addition to positive test results, it is announced that gasification test work has begun on selected corn residues from Romania and tropical fruit residues from Costa Rica. Gasification test work is being conducted at The University of Teramo (Italy) with results and reports expected by the end of August 2022. These results combined with planned demonstration plant in Swan River, MB will inform engineering and design for commercial scale plants. The goal is to accelerate commercial scale development, in targeted jurisdictions, during 2023 to achieve green hydrogen production by 2025 or earlier. Minnova Renewable Energy is actively advancing green hydrogen production initiative in Canada, Romania, and Costa Rica, to start. Any jurisdiction with abundant sustainable biomass can be targeted by highly efficient 3rd generation biomass gasification technology with a view to build a global development and production pipeline. Looking to Europe and in particular Germany, infrastructure development to support hydrogen in mobility applications (i.e., hydrogen fuel stations) is well advanced with 96 hydrogen fueling stations offering convenience and short refuelling times of less than 3 minutes. An additional 36 hydrogen fuelling stations are under development in Germany and elsewhere in Europe. The energy transition utilizing hydrogen is well underway. More information on European hydrogen for mobility applications can be found atH2 Mobility. They note recent retail price reported for hydrogen from H2 Mobility fuel stations in Germany is currently over €12.00 per kg, up from 9.50 per kg as recently as March 2022. Ankündigung • Jun 01
Minnova Corp. announced that it expects to receive CAD 0.5 million in funding Minnova Corp. announced a non-brokered private placement of up to 10,000,000 units at a price of CAD 0.05 per unit for aggregate gross proceeds of up to CAD 500,000. Each unit shall be comprised of one common share in the capital of the company and one-half of one whole common share purchase warrant of the Company. Each Warrant shall entitle the holder thereof to acquire one common share in the capital of the Company at an exercise price of CAD 0.10 per warrant share for a period of twenty-four months from the date of issuance provided, however, that should the closing price at which the Common Shares trade on the TSX Venture Exchange exceed CAD 0.20 for 20 consecutive trading days at any time following the date that is four months and one day after the closing date, the company may accelerate the warrant term such that the warrants shall expire on the date which is 30 business days following the date a press release is issued by the company announcing the reduced warrant term. The Company may pay finders, a cash commission equal to 7% of the gross proceeds of the offering and broker warrants equal to 7% of the number of units issued pursuant to the transaction. Each broker warrant shall entitle the holder thereof to acquire one common share at a price of CAD 0.10 per common share for a period of two years from the closing of the transaction. All securities issued pursuant to the transaction will be subject to a hold period of four months plus a day from the date of issuance and the resale rules of applicable securities legislation. The closing of the transaction is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals, including the approval of the TSX Venture Exchange. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 4 highly experienced directors. Chairman, President & CEO Gord Glenn was the last director to join the board, commencing their role in 2012. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Ankündigung • Feb 16
Minnova Corp. and Minnova Renewable Energy Announce Update on Green Hydrogen Production Strategy Minnova Corp. provided an update on ongoing design and testing of a new generation of gasification technology by DUMA Engineering (2018) Inc. ("DUMA") in collaboration with leading European Institutes that is capable of producing higher hydrogen content and tar free syngas thanexisting technologies. Results from level 8 cold test work carried out earlier this year were positive and confirmed different fluid dynamics configuration options. Design and test work is ongoing and is expected to be finalized in the second quarter of 2022. Upon completion of final tests, global patents will be filed to protect this innovative gasification technology in parallel to ongoing commercialization discussions considering both licensing and build-own-operate options. In addition to supporting the development and commercialization of a proprietary new gasification technology Minnova Renewable Energy is expanding the company's research and development efforts to include analysis of biochar derived from pyrolysis to improve environmentally friendly processing techniques to produce graphite and graphene. Biochar already has demonstrated commercial uses ranging from soil enhancement to filtration systems but more recently offers potential to be a natural source of graphene. The planned research initiative will inform the company's strategy to maximize green hydrogen production and produce a high quality biochar with potential to be transformed to a commercial renewable graphene product. Ankündigung • Jan 01
Minnova Corp. announced that it has received CAD 0.3 million in funding On December 30, 2021, Minnova Corp. closed the transaction. The company issue 2,307,692 common shares for gross proceeds of CAD 299,999.96 in the transaction. In connection with the transaction, the Company paid certain eligible persons a cash commission of aggregate of CAD 17,549.36 and an aggregate of 107,694 broker warrants. Each broker warrant is exercisable into common shares at a price of CAD 0.15 per Common Share until March 30, 2023. An insider of the Company subscribed for 314,192 flow through shares pursuant to the transaction. Ankündigung • Dec 19
Minnova Corp. announced that it expects to receive CAD 0.65 million in funding Minnova Corp. announced that it will issue 5,000,000 flow-through shares at a price of CAD 650,000 on December 17, 2021. All securities in the offering will be subject to a hold period of four months and one day from the date of closing. The transaction is subject to approval from all necessary regulatory and other approvals, including the approval of the TSX Venture Exchange. Ankündigung • Dec 14
Minnova Corp. (TSXV:MCI) agreed to acquire DUMA Engineering (2018) Inc. Minnova Corp. (TSXV:MCI) agreed to acquire DUMA Engineering (2018) Inc on December 13, 2021. The acquisition price will consist of; a) an initial payment of CAD 0.1 million for a 50% interest and b) a final payment to be determined following the completion of satisfactory due diligence and the filing of certain patents related to their innovative gasification technology. Mario Mantaci and Marco Sonnessa, of DUMA will assume leadership roles in Minnova Renewable Energy as Vice-President Engineering and Vice President Business Development, respectively. The closing of the acquisition of DUMA is subject to a number of conditions including the satisfactory completion of due diligence, receipt of all regulatory approvals and is expected to be concluded by the end of Q1/2022. Ankündigung • Dec 10
Minnova Corp. announced that it has received CAD 0.5 million in funding On December 8, 2021, Minnova Corp. closed the transaction. The company paid CAD 27,020 as finder's fees and issued 270,200 broker warrants. Each Broker Warrant is exercisable into Common Shares at a price of CAD 0.15 per Common Share until December 8, 2023. Ankündigung • May 28
Manitoba Announces Recent Assay Results and On-Site Activities Minnova Corp. announced recent assay results and on-site activities. Following a detailed review and compilation of the Winter 2021 drill program the Company's technical team planned a 642 meter follow-up drill program consisting of 4 holes targeting: a) a south east trending mineralized vector on the main PL Deposit, b) shallow infill holes on the PL North Upper and Lower Zones to define mineralized structures in advance of planned open pit /bulk sample and c) a deeper, down dip hole to test the PL North mineralized trend at depth. The Company announced that Visible Gold had been intersected in DDH M-21-048x on April 20, 2021. Assay results confirmed a bonanza gold grade of 101.6 g/t over 0.50 meter interval with a weighted average grade of 51.95 g/t over the 1 meter mineralized structure. The significance of the intercept is twofold: It is the biggest step-out hole in the history of the project highlighting the down-dip and on-strike resource expansion and exploration potential of the PL property. This intercept is the 6th high grade assay in the history of the PL Deposit and highlights the potential for extremely high gold grades to occur in the mineralized structures that make up the PL Deposit and the evolving PL North target area. Other positive assay results were returned from shallow drilling on PL North Upper Zone. These include 2.95 g/t over 1.75 meters starting at a depth of 2.5 meters in DDH M-21-082 and 1.02 g/t over 3.5 meters starting at a depth of 17.0 meters in DDH M-21-083. Near surface gold mineralization on the PL North Upper Zone is being evaluated for future development, initially as an open pit /bulk sample that would ultimately be developed into a new northern portal. A second decline will provide more direct access to PL Deposit reserves targeted for initial development and optimize future underground mining operations. The benefits of a new northern decline were previously highlighted in the April 20, 2021. PL North Lower Zone continues to evolve as a mappable mineralized structure. The presence of high-grade assays between the PL North upper and lower zones are interpreted as higher order shear zones and possibly conjugate shear zones that link the two main mineralized structures at PL North. In addition to these subsidiary mineralized zones, gold-bearing quartz veins are consistently intersected at depth within the footwall tonalite, below the PL North Lower Zone link to press release where new Tonalite hosted mineralized structures were originally highlighted. These recently identified mineralized structures are interpreted to be the strike-extension of discontinuous, tonalite-hosted mineralized structures in the footwall of the PL Deposit, historically referred to as the Lower Lower Zone. The Location of DDH M-21-048x and other PL North Target drilling, relative to the PL Mill and main PL Deposit. The Company will provide further progress updates as internal studies and site work advances during the summer of 2021 and over the remainder of the year. Ankündigung • Mar 18
Minnova Corp. Provides and Updates on Restart Plan, Latest Assay Results and Positive Implications for Resource Expansion Potential Minnova Corp. provided and updated on restart plan, latest assay results and positive implications for resource expansion potential. PL Mine Restart Work Programs: Planning has been comprehensive and is ongoing in parallel to finance discussions in support of the restart of the PL Gold Mine. The PL Mine is permitted for quick restart and are advancing discussions with qualified contractors and service providers including: Mine restart upcoming/planned work programs: Surface bulk sample, Ore sorting characterization study and follow-on test work, Updated metallurgical test work with focus on gravity concentration recovery, Completion of grid power connection, Water treatment design and implementation, Paste back fill design and implementation, New northern portal and decline plan, design and implementation, Camp expansion and upgrades, Detailed engineering, Equipment considerations and selection, Contract mining, and Personnel/labour additions. As the company move forward with above programs it is important for shareholders to understand and appreciate that the 2017 Feasibility Study ("2017 FS") outlined what management and board view as the Phase 1 ("P-1") restart plan was completed using a base case gold price of USD 1,250 per ounce in support of an initial 5 year mine life, processing up to 600 t/d, producing an average of 46,000 ounces of gold annually at all-in sustaining costs of USD 948 per oz. Initial mine restart and site refurbishment capital cost was estimated at CAD 35.4 million. The P-1 mine restart plan has considerable leverage to current higher gold price, in support of efforts to restart mining operations. Free cash flow generated by the P-1 restart plan will enable the company to internally fund Phase 2 ("P-2") program to extend the mine life through an aggressive resource expansion, production expansion and exploration programs. In advance of the P-2 program the Company plans to initiate the permitting process for the satellite Nokomis deposit. Initial work would include an archaeological study and environmental data collection. Nokomis hosts a shallow open pit Indicated resource of 371,000 tonnes at a grade of 3.41 g/t gold (40,700 ounces contained gold) and an open pit Inferred resource of 247,000 tonnes at a grade of 2.41 g/t gold (19,100 ounces contained gold). The potential to development of Nokomis as a satellite mining operation offers additional near-term resource and production expansion if it can be successfully permitted and developed. The PL Mine site is permitted under Environment Act 1207E, which allows for relatively quick restart of mining operations via the exiting portal and decline located at the southern end of the deposit. Processing would be caried out on site at the existing permitted 1000 tpd mill. Project Finance Update: Minnova continues to advance project finance discussions with various groups in preparation for the restart of the PL Gold Mine. Discussions include project debt and equity financing alternatives. At current gold price the project is robust and fully supports a go it alone funding strategy with attractive payback and loan repayment characteristics. Management and board are fully aware of the challenges faced by smaller, single mine operators and are considering all options in support of maximizing the value proposition that the PL Mine represents to shareholders. As such it is also considering M&A or other alternative financing structures that would provide the funding requirements to fully fund the P-1 restart plan as detailed in the 2017 Feasibility Study, subject to alterations based on recent positive drill results. Additional Assay Results: In addition to positive initiatives with respect to project development and funding the company announced latest assay results from the ongoing 2021 drilling program. All results are from the PL North Target area, which lies outside the existing 2017 resource and reserve estimate and is the northwest extension of the main PL deposit trend. Upper and Lower Zone structures were intersected in all holes and returned positive results including high grade, near surface and deeper gold mineralization. Ankündigung • Feb 05
Minnova Corp. announced that it has received CAD 1 million in funding On February 4, 2021, the company announced that it has issued 2,187,500 flow-through units and received CAD 700,000 in second and final first tranche. The warrants issued in this tranche will be exercisable until February 4, 2023. The company paid certain eligible persons a cash commission in the aggregate of CAD 1,200 and an aggregate of 3,750 broker warrants. Each broker warrant is exercisable into common shares at a price of CAD 0.35 per common share unit February 4, 2023. Ankündigung • Feb 04
Minnova Corp. Announces Assay Results from Its 2021 Pl Mine On-Lease Exploration and Resource Expansion Drilling Program Minnova Corp. announced initial assay results from its 2021 PL Mine on-lease exploration and resource expansion drilling program. Highlighted intercepts include: 9.10 g/t over 0.71 m, 7.67 g/t over 0.78 m, 27.44 g/t over 0.95 m and 4.87 g/t over 1.00 m. The 2021 drilling program follows on the success of the Summer 2020 program and continues to demonstrate the exploration and resource expansion potential of the PL Mine property. Hole M- 21-069 is located outside the November 2017 mineral resource and reserve estimate resource wireframes. Initial results from hole M-20-069 confirm high gold grades on new FW Tonalite mineralized trends initially identified in the Summer 2020 drill program. All mineralized structures in the FW Tonalite remain open on strike and down dip. All samples were sawn and separated with one half being returned to the core box for reference and the other being bagged in a plastic sample bag which was labeled, tagged, documented and sealed. All core samples were placed in labelled rice sacks and sealed with a security zip-tie. Samples were delivered to TSL Laboratories Inc. in Saskatoon, Saskatchewan. Receipt of the samples was signed off at the preparation lab and was tracked by the Company. Pulps of each sample were prepared and followed by fire assay and gravimetric analysis, if required. A QA/QC program including the regular insertion by the Company of duplicates, blanks and standards was instituted. Sample lengths varied according to geology and mineralization with quartz veins regularly sampled. Ankündigung • Jan 26
Minnova Corp. announced that it has received CAD 1 million in funding On January 25, 2020, Minnova Corp. (TSXV:MCI) closed the transaction. The warrants will be exercisable until January 25, 2023. The company paid certain eligible persons a cash commission in the aggregate of CAD 8,232 and an aggregate of 32,928 broker warrants. Each broker warrant is exercisable into common Shares at a price of CAD 0.35 per common share unit January 25, 2023. Ankündigung • Jan 24
Minnova Announces Start of 2021 Drilling Program at PL Mine Site Minnova Corp. announced that the Company has commenced drilling at the PL Mine as one part of 2021 restart programs’. The initial 2021 drill program contemplates 2,500 meters of drilling at the PL North target, located on the permitted mining lease, but outside of the current mineral resource and reserve estimates. The purpose of the program is to expand current resources, particularly at shallow depths (surface to <150m) and continue to demonstrate exploration upside at the PL Mine site. This program follows on the success of the summer 2020 drilling program and will support an updated NI 43-101 resource estimate by June 2021. Results of the program will also be used to update and potentially modify or optimize mine development approach. If the Company can define a near surface resource, it may be considered for a future bulk sample for metallurgical test work. Test work that would include updated gravity, flotational and Merrill-Crowe recovery techniques. The Company is also considering ore sorting test work to confirm that the deposits mineralogy and other rock characteristics are amenable to this new technology. Is New 90 Day High Low • Jan 15
New 90-day high: CA$0.40 The company is up 21% from its price of CA$0.33 on 16 October 2020. The Canadian market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is down 4.0% over the same period. Ankündigung • Jan 09
Minnova Corp. announced that it expects to receive CAD 1 million in funding Minnova Corp. (TSXV:MCI) announced non-brokered private placement for gross proceeds of up to CAD 1,000,000 on January 7, 2021. The company will issue up to 1,200,000 common units at a price of CAD 0.25 per unit for proceeds of up to CAD 300,000 and up to 2,187,500 flow-through units at a price of CAD 0.32 per unit for proceeds of CAD 700,000 in the transaction. Each common unit consists of one non flow-through common share and one share purchase warrant and each flow-through unit consists of one flow-through common share and one-half share purchase warrant. Each warrant is exercisable at CAD 0.35 per share for 24 months from closing. The warrants are callable at any time, following the customary hold period and prior to the expiry of the warrants, if the daily volume weighted average trading price on the TSX Venture Exchange is greater than CAD 0.55 for more than 20 consecutive trading days. The transaction is expected to close on or about January 21, 2021 and is subject to the completion of formal documentation, including but not limited to receipt of regulatory approvals, including approval of the TSX Venture Exchange. All securities issued will be subject to a statutory hold period expiring four months and one day after closing. Is New 90 Day High Low • Dec 18
New 90-day low: CA$0.20 The company is down 49% from its price of CA$0.40 on 18 September 2020. The Canadian market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is down 11% over the same period. Is New 90 Day High Low • Nov 10
New 90-day low: CA$0.28 The company is down 39% from its price of CA$0.45 on 12 August 2020. The Canadian market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 1.0% over the same period. Ankündigung • Oct 16
Minnova Corp. Announces Further Assay Results from 2020 PL Mine Summer Drill Program Minnova Corp. announced further assay results from its Summer 2020 PL Mine on-lease exploration and resource expansion drilling program. The purpose of the drilling program was to demonstrate the exploration and resource expansion potential of the PL Mine property. Holes M-20-01 through M-20-11 are all located outside the November 2017 mineral resource and reserve estimate resource wireframes and were designed to test the PL North target area to potentially expand the current PL Mine resource whereas holes M-20-12 and 13 were located within the current resource area to potentially expand and upgrade the current resource. The highlighted mineralized intervals in Table 1 have the potential to; a) either expand the resource wireframes, b) extend a currently defined mineralized trend or c) are newly identified mineralized trends (eg the new Footwall Tonalite mineralized structure). In any case the PL deposit remains open to expansion. Gorden Glenn, President and CEO commented "Results from the 2020 summer drilling program were an overwhelming success and demonstrate the exploration upside and resource expansion potential within the permitted Mineral Lease boundary. Notably high-grade gold was intercepted at, or near surface in holes M-20-02, 09 and 10, highlighting the untapped near surface potential of the PL Mine Property. It is also important to note that all the drilling was completed within 500 meters of the permitted 1000 tpd mill and could have a positive impact on not only future resource estimates but also future development plans due to the location proximal to the mill. This will be evaluated in 2021 as update reserve and resource estimates and review mine development plans. Additional exploration and resource expansion drilling is planned to restart in mid-late November targeting further resource expansion and even greater step outs along strike. In addition, future drilling will target new mineralized structures in the Footwall Tonalite. Ankündigung • Jul 18
Minnova Corp. announced that it has received CAD 0.855 million in funding On July 16, 2020, Minnova Corp. (TSXV:MCI) closed the transaction. The company issued 4,275,000 flow-through units for gross proceeds of CAD 855,000. Each flow-through warrant issued under the flow-through unit will be exercisable until July 16, 2022. In connection with the transaction, the company paid finders a cash commission in the aggregate of CAD 34,250, being equal to 7% of the gross proceeds of the transaction and an aggregate of 274,000 broker warrants exercisable into common shares at a price of CAD 0.25 per common share upon the same terms as the flow-through warrants. The transaction is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the final approval of the TSX Venture Exchange. Ankündigung • Jun 20
Minnova Corp. announced that it expects to receive CAD 1 million in funding Minnova Corp. (TSXV:MCI) announced a non-brokered private placement of up to 5,000,000 flow-through units at a price of CAD 0.20 per flow-through unit for gross proceeds of up to CAD 1,000,000 on June 19, 2020. Each flow-through unit will consist of one common share issued on a flow-through basis and one-half of a common share purchase warrant. Each warrant will entitle the holder to purchase one common share at an exercise price of CAD 0.25 for 24 months from the closing date of the transaction. The warrants are callable at any time, following the customary hold period and prior to the expiry of the warrants. The company expects to close the transaction on or about June 30, 2020. The securities issued pursuant to the transaction will be subject to a statutory hold period expiring four months and one day after closing of the transaction. The transaction is subject to the completion of formal documentation, including but not limited to receipt of regulatory approvals, including approval of the TSX Venture Exchange. 
