Welcome to our dedicated page for Minnova news (Ticker: AGRDF), a resource for investors and traders seeking the latest updates and insights on Minnova stock.
Minnova Corp. (AGRDF) maintains focused operations at its PL Gold Mine in Manitoba, combining mining expertise with regulatory compliance. This news hub provides investors and industry observers with essential updates on operational developments, financial restructuring, and strategic decisions shaping the company's gold production capabilities.
Access timely reports on mine development progress, regulatory filings, and corporate announcements. Our curated collection features press releases regarding operational milestones, environmental compliance achievements, and financial updates – all critical for understanding Minnova's position in the gold mining sector.
Key updates include progress on mine infrastructure optimization, compliance with Canadian mining regulations, and strategic financial management efforts. Bookmark this page for direct access to primary source materials that inform investment decisions and industry analysis.
Minnova Corp (TSXV: MCI, OTC: AGRDF) has announced the dissolution of its wholly-owned subsidiary, Minnova Renewable Energy (MRE), effective March 6, 2025. The company will now focus solely on its PL Gold Mine in central Manitoba.
The company reports a working capital deficiency of $1,641,159 as of December 31, 2024. To address this, shareholders have approved a debt settlement of 15,999,999 common shares at $0.05 per share, settling $800,000 of indebtedness. This includes promissory notes issued to CEO Gorden Glenn totaling $88,500, of which $80,700 plus interest remains outstanding.
A previously planned acquisition of DUMA Engineering shares was terminated in January 2023 after a $100,000 advance payment, with no evidence received for the 50% shareholding. The company is currently subject to a reinstatement review by the TSXV and plans to complete a private placement upon trading reinstatement.
Minnova Corp. (TSXV: MCI) (OTC Pink: AGRDF) has announced an important corporate update. The company has filed its audited consolidated financial statements for the fiscal year ending March 31, 2024, along with the annual management's discussion and analysis and management certifications. Additionally, Minnova has submitted its interim financial statements for the period ended June 30, 2024, including the related management's discussion and analysis and certifications.
This filing addresses the previous cease trade order issued by the Ontario Securities Commission (OSC) on August 2, 2024. As a result, the cease trade order is expected to be revoked on or before October 18, 2024. This update signifies Minnova's compliance with regulatory requirements and its commitment to transparent financial reporting.
Minnova Corp. (TSXV: MCI) (OTC Pink: AGRDF) has provided a corporate update on its 100% owned PL Gold Mine restart project. The company plans to initiate work programs to derisk the project and advance its restart, capitalizing on the significant increase in gold prices since their 2017 Feasibility Study. Planned programs include diamond drilling, updating the mineral resource estimate, extracting a bulk sample from a small open pit, updating the mine plan to include open mining methods, and conducting an updated Feasibility Study.
Minnova is also considering the development of an onsite refinery to produce bullion gold (99.999% purity), potentially offering a physical gold-backed digital investment option. The company confirms that its audit process is ongoing, with Annual Financial Statements and MD&A expected to be filed by August 31, 2023.
Minnova Corp. (TSXV: MCI) (OTC Pink: AGRDF) has announced a delay in filing its audited consolidated financial statements for the year ended March 31, 2024. The company's application for a management cease trade order (MCTO) was denied by the Ontario Securities Commission. As a result, Minnova expects a failure to file cease trade order (CTO) to be issued on or around July 29, 2024, halting general trading of its securities.
Despite the CTO, certain beneficial holders may still be able to sell securities under specific conditions. The company does not anticipate interruptions to its project development plans during the CTO period and expects the order to be revoked shortly after the Annual Filings are submitted. Management and insiders are subject to a trading black-out until the filings are completed.
