Minnova Corp.
Minnova Corp. is a 100%-owner of the past-producing PL Gold Mine in the Flin Flon Greenstone Belt, central Manitoba, plus a 54% interest in the nearby Nokomis property. Trading was reinstated in September 2025 after a suspension period. A 2018 NI 43-101 Feasibility Study forecast average annual production of 46,493oz over a minimum 5-year mine life; that figure is dated and is being superseded by an updated NI 43-101 Feasibility Study and Mineral Resource Estimate, scheduled for completion in 2026 following the company's largest-ever infill drill program (13,500+ m across 131 holes, Sept 2025-Apr 2026) run with technical/engineering support from A&B Global Mining. ouncesFound is deliberately left null rather than carrying forward the stale 2018 figure while the update is pending. The mine is not currently producing.
Notable vs. Peers
- Financials score of 2.6/10 is weaker than the peer average of 6.6/10.
Lifecycle Milestones
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 the underlying research identifies — whether a major already holds a JV, earn-in, or 5–19.9% strategic stake — isn't tracked yet and is absent from this score.
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
Task #317 Lane B (Aug 2026): checked, the only completed economic study is being actively superseded by the company's own current disclosures -- a genuine non-reliance signal, not staleness alone. A positive 2017 Feasibility Study exists (underground development plan, base case gold price US$1,250/oz): after-tax NPV5%=US$36.7M, IRR=53% (pre-tax: NPV5%=US$55.9M, IRR=65%), 5-year minimum mine life, 46,493 oz/yr average annual production (2017 MRE underlying it). BUT Minnova's own 29 Jul 2026 release ('PL Gold Mine Restart Update') states in its own forward-looking disclaimer that 'a feasibility study has not been completed,' and describes results from the 2025-2026 resource expansion/infill drill program 'will underpin an updated 2026 MRE, which will be the basis of an updated mine development plan focused on restarting as a lower-cost open-pit mining operation before transitioning to underground' -- a MATERIALLY DIFFERENT mine plan from the 2017 FS's underground-only design. The same release states 'the 2016 [sic, elsewhere '2017'] MRE and a Preliminary Economic Assessment (PEA) are nearing conclusion and will be followed by a Feasibility Study.' Given the company itself is mid-replacement of both the resource base and the mine plan the 2017 figures describe, none of ouncesFound/dcfNpvUsd/irrPct/mineLifeYears are written from the superseded 2017 study; flagged for a follow-up pass once the 2026 MRE/PEA are released.