Magna Mining Announces Results of Annual & Special Meeting of Shareholders

Rhea-AI Summary

Magna Mining (OTCQX: MGMNF) held its Annual & Special Meeting of Shareholders on June 26, 2025. Shareholders approved all proposed matters, including the election of directors and appointment of auditors. The elected board members include Jason Jessup, Carl DeLuca, John Seaman, Vernon Baker, Jonathan Goodman and Shastri Ramnath. Additionally, shareholders approved the company's proposed omnibus incentive plan.

Sudbury, Ontario--(Newsfile Corp. - June 27, 2025) - Magna Mining Inc. (TSXV: NICU) (OTCQX: MGMNF) (FSE: 8YD) (the "Company" or "Magna") is pleased to announce the results of its Annual & Special Meeting of Shareholders (the "Meeting") held on June 26. Each of the matters that were tabled at the Meeting for a vote is described in greater detail in the Notice of Annual & Special Meeting of Shareholders and accompanying Management Information Circular dated May 26, 2025 (the "Circular").

At the Meeting, the shareholders voted to approve the nominations of directors set out in the Circular and thus elected Jason Jessup, Carl DeLuca, John Seaman, Vernon Baker, Jonathan Goodman and Shastri Ramnath as directors of the Company. Shareholders also voted to approve all other matters put to them for a vote in the Circular, including the proposed appointment of the auditor and the proposed omnibus incentive plan of the Company.

About Magna Mining Inc.

Magna Mining is a producing mining company with a portfolio of copper, nickel and PGM operating, exploration and development projects in the Sudbury Region of Ontario, Canada. The Company's primary assets are the producing McCreedy West copper mine and the past producing Levack, Podolsky, Shakespeare and Crean Hill mines. Additional information about the Company is available on SEDAR (www.sedar.com) and on the Company's website (www.magnamining.com).

For further information, please contact:

Jason Jessup
Chief Executive Officer

or

Paul Fowler, CFA
Senior Vice President
705-482-9667
Email: info@magnamining.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/257172

FAQ

Who are the newly elected directors of Magna Mining (MGMNF) for 2025?

The elected directors are Jason Jessup, Carl DeLuca, John Seaman, Vernon Baker, Jonathan Goodman and Shastri Ramnath.

What was approved at Magna Mining's 2025 Annual & Special Meeting?

Shareholders approved all proposed matters, including the election of directors, appointment of auditors, and the company's omnibus incentive plan.

When did Magna Mining (MGMNF) hold its 2025 Annual & Special Meeting?

Magna Mining held its Annual & Special Meeting on June 26, 2025.

What stock exchanges is Magna Mining listed on?

Magna Mining is listed on the TSX Venture Exchange (TSXV: NICU), OTCQX (MGMNF), and the Frankfurt Stock Exchange (FSE: 8YD).