Magna Mining and Mitsui sign MOU for joint venture at Shakespeare Mine

Magna Mining entered a non-binding MOU with Mitsui & Co. for Mitsui to acquire a 10-12.5% interest in the Shakespeare Mine for $8-10 million, with plans to form a joint venture to develop the mine.

“This MOU is the beginning of what we hope will be a long-term partnership between Magna Mining and Mitsui, the objective of which is to create the next nickel producer in the world-class nickel mining region of Sudbury, Ontario.”newsfilecorp.com

• 2 sources
• newsfilecorp.comMagna Mining Inc. Announces Non-Binding Memorandum of Understanding for Proposed Joint Venture Arrangement with Mitsui & Co. for Shakespeare MineMagna Mining Inc.Jan 31, 2022
• miningconnection.comNews | Minerals Processing | Mining Connection — The Link For All Your Mining ResourcesFeb 2, 2022

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