Welcome to our dedicated page for MINNOVA ORD news (Ticker: AGRDF), a resource for investors and traders seeking the latest updates and insights on MINNOVA ORD stock.
Minnova Corp. (TSXV: MCI) (OTC Pink: AGRDF), an evolving cleantech company, is focused on innovative carbon reduction technologies and gold mining. Based in Toronto, Ontario, the company boasts a dual approach through its subsidiaries: Minnova Renewable Energy and the PL Gold Mine project.
Core Business:
Minnova Corp. is at the forefront of renewable energy through its Minnova Renewable Energy division. This subsidiary advances projects like the Flin Flon Clean Energy Hub (FFCEH), which aims to produce green hydrogen using hydro power from Manitoba Hydro. The initiative plans to scale from an initial 20MW to over 100MW, generating renewable fuels such as ammonia, methanol, renewable diesel, and Sustainable Aviation Fuel (SAF).
Recent Achievements:
In 2023, Minnova entered a non-binding memorandum of understanding with the City of Flin Flon for the FFCEH and conducted extensive consultations with industry, government, first nations, and community stakeholders. The company is set to engage a consulting engineering group for techno-economic trade-off studies to further this project.
Current Projects:
Minnova is constructing a biomass gasification pilot plant in Swan River. With the majority of reactor parts purchased and specialized sensors being sourced, the company is poised to advance fabrication and assembly. Additionally, Minnova continues to focus on its PL Gold Mine. The company is in talks with gold sector companies for potential M&A and joint ventures to expand and develop the mine, which has a positive feasibility study and is considered economically robust.
Financial Condition:
As of September 30, 2022, Minnova owns 50% interest in DUMA Engineering (2018) Inc. The remaining 50% acquisition is contingent on long-run test performance, techno-economic and environmental factors, and the filing of patent applications. Minnova experienced a delay in filing its audited annual financial statements for the fiscal year ended March 31, 2023, but anticipates completion by September 30, 2023.
Partnerships and Collaborations:
The company is in early-stage discussions with a first nations owned mining contractor and a developer for a specialized underground mining method for the PL Gold Mine. The possibility of a partnership adds a socially responsible dimension to their mining operations.
Significance:
Minnova Corp. is a significant player in both the renewable energy and mining sectors. Their innovative approach to green energy production and strategic developments in gold mining position the company as a forward-looking and economically viable enterprise.
For more information, visit www.minnovacorp.ca or contact Investor Relations at 647-985-2785 or info@minnovacorp.ca.
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.
FAQ
What is the current stock price of MINNOVA ORD (AGRDF)?
What is the market cap of MINNOVA ORD (AGRDF)?
What is the core business of Minnova Corp.?
What recent achievements has Minnova Corp. made?
What current projects is Minnova Corp. involved in?
What is the financial condition of Minnova Corp.?
Who are Minnova Corp.'s partners?
How can I get more information about Minnova Corp.?
What energy initiatives is Minnova pursuing?
What is the significance of the PL Gold Mine project?
Why is the Flin Flon Clean Energy Hub important?
What challenges is Minnova Corp. currently facing?
