Latest news with #PaulFowler
Yahoo
23-06-2025
- Business
- Yahoo
Magna Mining Announces Funding Award from the Critical Minerals Innovation Fund (CMIF)
Sudbury, Ontario--(Newsfile Corp. - June 23, 2025) - Magna Mining Inc. (TSXV: NICU) (OTCQX: MGMNF) (FSE: 8YD) (the "Company" or "Magna") is pleased to announce that the Ontario government has awarded funding for up to C$500,000 for work on the Company's Crean Hill project. The award will be applied towards metallurgical work related to enhancing precious metal recoveries from contact and footwall mineralization at Crean Hill, which was carried out as part of the surface bulk sample program in 2024. Magna Mining's Senior Vice President Paul Fowler stated: "We are extremely pleased to be the recipients of this funding program, and we are delighted that the Ontario government is supporting our efforts to develop new critical mineral production in Sudbury. We look forward to continuing to work with the Ontario government through initiatives such as the Critical Minerals Innovation Fund and the new C$500 million Critical Minerals Processing Fund to execute our plans to re-start multiple new mining operations and increase copper and nickel production in Sudbury over the next 3 to 4 years." "Ontario is doubling down on its leadership in the critical minerals sector, and our Critical Minerals Innovation Fund is a core component of this strategy," said Stephen Lecce, Minister of Energy and Mines. "This investment will help efforts to enhance mineral recoveries in the historic Sudbury basin and create good paying jobs for Canadians. By supporting Magna Mining's Crean Hill project in advancing mineral processing work to maximize precious metal yields and boost copper and nickel output, we are helping to write the next chapter for Sudbury's mining sector while powering Ontario's future as a key supplier of the critical minerals essential for a modern and competitive economy." Cautionary Note Regarding Forward-Looking Statements All statements, other than statements of historical fact, contained or incorporated by reference in this press release constitute "forward-looking statements" and "forward-looking information" (collectively, "forward-looking statements") within the meaning of applicable securities laws. Generally, these forward-looking statements can be identified by the use of forward-looking terminology, such as "may", "might", "potential", "expect", "anticipate", "estimate", "believe", "could", "should", "would", "will", "intend", "plan", "forecast" or other similar words or phrases or variations thereof. Forward-looking statements are necessarily based upon a number of assumptions that, while considered reasonable by management, are inherently subject to business, market and economic risks, uncertainties and contingencies that may cause actual results, performance or achievements to be materially different from those expressed or implied by forward-looking statements, including risks relating to the failure of further metallurgical work at Crean Hill to result in enhanced precious metals recoveries, the failure to re-start mining operations or increase copper and nickel production, the failure to ultimately receive reimbursement for expenditures incurred in accordance with the initial approval of up to C$500,000 in funding from the Ontario government and other risks disclosed in the Company's most recent annual management discussion and analysis. Although the Company has attempted to identify important risks, uncertainties, contingencies and factors that could cause actual results to differ materially from those expressed or implied in forward-looking statements, there can be no certainty or assurance that the Company has accurately or adequately captured, accounted for or disclosed all such risks, uncertainties, contingencies or factors. Readers should place no reliance on forward-looking statements as actual results, performance or achievements may be materially different from those expressed or implied by such statements. Resource exploration and development, and mining operations, are highly speculative, characterized by several significant risks, which even a combination of careful evaluation, experience and knowledge will not eliminate. Forward-looking statements speak only as of the date they are made. The Company does not undertake to update any forward-looking statements, whether as a result of new information or future events or otherwise, except in accordance with applicable securities laws. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this press release. 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 ( and on the Company's website ( For further information, please contact: Jason JessupChief Executive Officer or Paul Fowler, CFASenior Vice President705-482-9667Email: info@ To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
National Post
11-06-2025
- Automotive
- National Post
MesoMat Announces Seed Round Led by Ridgeline to Digitize the Tire and Drive Down Emissions
Article content HAMILTON, Ontario — MesoMat, a startup transforming tires into data-rich, connected devices, today announced it has raised a Seed Round led by Ridgeline with participation from RISC Capital, RPV Global, GTAN including the Archangel Network's Adrenaline and Starforge Funds, Extra Innings Ventures and others. The funding will support MesoMat as the company accelerates commercialization, expands hardware production, and continues the development of its proprietary tire management platform, which helps vehicle fleets optimize performance, reduce downtime and curb carbon emissions. Article content 'MesoMat is tackling one of the most pressing challenges in commercial trucking by bridging the gap between outdated manual processes and the data-driven insights fleets need to succeed.' – Ryan Clinton, Managing Partner at Ridgeline Article content 'We're excited to partner with a group of investors who share our vision for revolutionizing how fleets approach tire management,' said Paul Fowler, Co-Founder and CEO of MesoMat. 'By digitizing the tire—the only part of a vehicle that touches the road—we give the vehicle a sense of touch. Through the tire, MesoMat extracts data that helps fleets manage payload, optimize routing, improve efficiency and reduce two of their largest expenses: fuel and tires.' Article content MesoMat's technology integrates advanced sensors within tires, capturing real-time data on tread depth, tire pressure, and rubber-road interactions. Leveraging cloud-based analytics, MesoMat transforms these data streams into actionable insights that allow drivers, fleets, and service providers to track tread depth, achieve optimal tire pressure, reduce wear, and prevent costly failures. This enhanced visibility translates into improved safety, better fuel economy, and a measurable reduction in carbon emissions—critical in an industry facing steep challenges related to electrification and hydrogen infrastructure. Article content Among MesoMat's customer base are several of the largest vehicle fleets in North America, leading tire manufacturers, major tire dealerships and a top global truck manufacturer. Article content Addressing a Large-Scale Problem Article content Currently, there are estimated to be over 300 million commercial tires on the road worldwide, yet most remain undigitized, limiting their potential to contribute to smarter, more efficient fleet operations. Further, with tire performance directly impacting up to 10% of a vehicle's carbon emissions, MesoMat's solution targets one of the most significant levers for improving fuel efficiency. As full electrification and hydrogen-based solutions may still be years away, MesoMat offers a near-term strategy for the trucking and heavy-vehicle industry to trim costs and reduce emissions. Article content Backed by Prominent Investors Article content Along with Ridgeline, prominent investors such as RISC Capital, GTAN, and RPV have joined the round, underscoring confidence in MesoMat's potential to transform tire management across industries including long-haul trucking, mining, tire manufacturing, and more. Article content 'MesoMat is tackling one of the most pressing challenges in commercial trucking by bridging the gap between outdated manual processes and the data-driven insights fleets need to succeed,' said Ryan Clinton, Managing Partner at Ridgeline. 'We believe Paul and his team have the expertise to redefine how fleets manage tire-related costs in a sector that's overdue for modernization.' Article content A World-Class Team Article content Co-founded by Paul Fowler, whose background includes a Master's degree in physics, research at world-leading institutes, and prior experience as the first employee at a Y Combinator–backed data-services startup, MesoMat boasts a robust team of engineers and data scientists. The company's Co-Founder and CTO, Kari Dalnoki-Veress, is a leading expert on the physics of rubber, and recent hires bring experience in trucking and logistics—all focused on innovating the way fleets operate. Article content 'Our mission is to digitize the tire to bring intelligence to a critical component of the global supply chain that we depend on to move goods worldwide,' added Fowler. 'Whether it's long-haul trucking, last-mile delivery, or heavy-duty mining, we want to help drive down costs, reduce downtime and cut emissions. We're proud of the product and exceptional team we've built to make this vision a reality.' Article content About MesoMat Article content Article content Article content
Yahoo
28-05-2025
- Business
- Yahoo
Magna Mining Announces Upgrade to OTCQX and Quarterly Results Conference Call & Webcast
Sudbury, Ontario--(Newsfile Corp. - May 28, 2025) - Magna Mining Inc. (TSXV: NICU) (OTCQX: MGMNF) (FSE: 8YD) (the "Company" or "Magna") is pleased to announce that the company has qualified to trade on the OTCQX® Best Market, and begins trading today on OTCQX under the symbol "MGMNF". The Company upgraded to OTCQX from the OTCQB® Venture Market. US investors can find current financial disclosure and Real-Time Level 2 quotes for the company on 2025 Quarterly Results Conference Call and Webcast Magna Mining is scheduled to release their Q1 2025 financial results and MD&A after the market close on Thursday May 29, 2025. The company will be holding its first quarterly results conference call and webcast on Friday May 30, 2025 at 8:00 am EDT. The conference call details are as follows: Webcast Link: Dial In: (N. America Toll Free): 1-844-763-8274Participant International Dial In: 1-647-484-8814 Conference call participants should ask to join the Magna Mining Inc. quarterly results conference call. About Magna Mining Inc. Magna Mining is a producing mining company with a portfolio of copper, nickel and PGM 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+ ( and on the Company's website ( For further information, please contact: Jason JessupChief Executive Officer or Paul Fowler, CFASenior Vice President705-482-9667Email: info@ Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this press release. To view the source version of this press release, please visit
The Star
26-05-2025
- Automotive
- The Star
Move up a gear
Equipment is split among air, sea and road freight. FORMULA One visits 24 locations annually across 21 countries, and its equipment needs to be present. It is a gargantuan operation. 'I've been here 39 years. We used to do 16 races, five international, now it's 15 international and nine Europeans,' Paul Fowler, vice president of motorsport product for DHL Motorsport, Formula One's longtime logistics partner, said in an interview. Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Yahoo
30-01-2025
- Business
- Yahoo
Magna Mining Provides Update on Acquisition of Properties from KGHM International Ltd.
Sudbury, Ontario--(Newsfile Corp. - January 30, 2025) - Magna Mining Inc. (TSXV: NICU) (OTCQB: MGMNF) (FSE: 8YD) ("Magna" or the "Company") is pleased to provide an update regarding its previously announced agreement to acquire a portfolio of base metals assets located in the Sudbury Basin (the "Acquisition Transaction") from an affiliate of KGHM, as previously announced in the Company's news release dated September 12, 2024 and updated on January 9, 2025. Since entering into the definitive share purchase agreement on September 11, 2024 (the "SPA"), the Company, KGHM and their respective advisors have been working diligently towards the satisfaction of all conditions precedent under the SPA including obtaining all required regulatory and third-party consents, approvals and waivers. The Company is pleased with the progress made to date and is now targeting to close the Transaction before the end of February 2025. About Magna Mining Inc. Magna Mining is an exploration and development company focused on nickel, copper and PGM projects in the Sudbury Region of Ontario, Canada. The Company's flagship assets are the past producing Shakespeare and Crean Hill Mines. The Shakespeare Mine is a feasibility stage project which has major permits for the construction of a 4,500 tonne per day open pit mine, processing plant and tailings storage facility and is surrounded by a contiguous 180km2 prospective land package. Crean Hill is a past producing nickel, copper and PGM mine with a technical report dated July 2023. Additional information about the Company is available on SEDAR ( and on the Company's website ( For further information, please contact: Jason JessupChief Executive Officer or Paul Fowler, CFASenior Vice President705-482-9667Email: info@ Cautionary Note Regarding Forward-Looking Information This news release contains "forward-looking information" within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections, and interpretations as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance including in respect of the timing and ability of the Company to complete the Transaction within the proposed timeline,; (often but not always using phrases such as "expects", or "does not expect", "is expected", "interpreted", "management's view", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. This forward-looking information is based on reasonable assumptions and estimates of management of the Company, at the time it was made, involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the companies to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Although the forward-looking information contained in this news release is based upon what management believes, or believed at the time, to be reasonable assumptions, the parties cannot assure shareholders and prospective purchasers of securities that actual results will be consistent with such forward-looking information, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither the Company nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking information. The Company does not undertake, and assumes no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. To view the source version of this press release, please visit
