Minnova Corp.
Minnova Corp. (TSXV: MCI) owns 100% of the past-producing PL Gold Mine in the Flin Flon Greenstone Belt, central Manitoba, plus a 54% interest in the nearby Nokomis property, and plans to restart the mine at 1,000 tonnes per day, expanding to 2,000 tonnes per day from open-pit operations. Its 2026 NI 43-101 Mineral Resource Estimate (as of 11 September 2026) is 601,158oz of gold Measured and Indicated at 4.98 g/t, including 268,091oz in the open pit at 5.28 g/t, plus 202,810oz Inferred at 3.78 g/t, following its largest-ever drill program (more than 13,500 m in 131 holes, September 2025 to April 2026). A 2017 feasibility study for an underground mine is no longer current: the company says a feasibility study has not been completed and is advancing a Preliminary Economic Assessment for the open-pit restart plan, to be followed by a pre-feasibility study. The mine is not currently producing.
Lifecycle Milestones
Jurisdiction (40%)8/10
Manitoba: Fraser PPI 2025 is 69.29 of 100 (rank 39 of 68), which maps to 8 on this site's scale. The PL gold mine is in Manitoba's Flin Flon Greenstone Belt. Manitoba has Canadian rule of law, but mining executives rate its policy climate below Canada's leading mining provinces.
Infrastructure (40%)10/10
A confirmed mill, confirmed road access, confirmed grid power, and a confirmed tailings facility at PL Gold Mine.
Nearby producing mine (20%)Not yet researched
No producing mine within 50 km in our reference list (nearest listed: Snow Lake (Stall concentrator; Lalor mine; New Britannia mill) (Hudbay Minerals Inc.), 124 km). That list doesn't cover every mining district yet, so a longer distance isn't scored as remote.
Acquisition Susceptibility
A relative ranking of how closely this company matches the profile of juniors that have actually been acquired — not a probability, and not a reason to buy. Acquisitions are rare: only a few dozen significant deals happen a year across a universe of thousands of juniors, so even a high score here describes a long shot. The strongest signal in the research, a producer that already owns part of the company, is scored from its disclosed strategic shareholders. A producer that is a joint-venture or earn-in partner on the project, rather than a shareholder, isn't captured yet.
How this score is built
- Disclosed pending dealSub-score: Not scored
No pending acquisition or merger disclosed (checked)
Not scored: having no deal in flight isn't held against a company.
Weight 26.25% - Producer's strategic stakeSub-score: Not scored
No producer holds a disclosed stake on file (holder register researched) See holders
Not scored: most juniors that do get bought had no prior toehold, so a missing stake says little either way.
Weight 25% - Distance to a producing mineSub-score:2.5/10
Nearest producing mine: Snow Lake (Stall concentrator; Lalor mine; New Britannia mill) (Hudbay Minerals Inc.), 124 km
10 next to a producing mine, 8 at 20 km, 5 at 50 km, 0 beyond 200 km.
Weight 22.5% · 46% here - Lifecycle stageSub-score:3.5/10
Stage: Resource Definition
Feasibility and permitting score 10, where deals cluster, and production 5.5; earlier stages score less, down to 1 at grassroots.
Weight 15% · 31% here - JurisdictionSub-score:8/10
Canada: jurisdiction score 8/10
Our jurisdiction score, used as is: higher means lower political and permitting risk.
Weight 6.75% · 14% here - CommoditySub-score:10/10
Primary commodity: Gold
Gold 10, copper 8, silver 5, nickel and uranium 4, others 2: most majors' deals are for gold.
Weight 4.5% · 9% here
Weight is each input's share of the full score. “Here” is its share of this company's score: inputs that aren't scored are left out and the rest re-weighted, never counted as zero.
Your Rankings
Management Team
Chairman, President, Chief Executive Officer and Director of Minnova Corp. since May 2012.
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
No institutional holder is on record. One director sold twice in October 2025, but that is a single seller, and no insider bought on the open market.
No notable insiders tracked for this miner yet.
Reports, Presentations & Documents
Minnova owns 100% of the past-producing PL Gold Mine in the Flin Flon Greenstone Belt of central Manitoba and plans to restart it at 1,000 tonnes per day, expanding to 2,000 tonnes per day from open-pit operations. Its 2026 resource, as of 11 September 2026, is 601,158 oz of gold measured and indicated at 4.98 g/t, of which 440,178 oz is measured, plus 202,810 oz inferred, and includes 268,091 oz in the open pit at 5.28 g/t. The estimate follows its largest-ever drill program of more than 13,500 m in 131 holes. The company says a feasibility study has not been completed: a 2017 study for an underground mine is no longer current, and it is advancing a preliminary economic assessment for the open-pit restart plan, to be followed by a pre-feasibility study. It also holds a 54% interest in the nearby Nokomis property.