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Minnova CorpTSXV:MCI

Developer, with a project stated to be in Canada.

NoneCanada — as stated on the recordings

developer NoneCanada
Nov 2025Covered
8 of 10Topics on record
1 executiveNamed on the record
Stage
Developer
Jurisdiction
Canada
Deposit
past producing gold mine from late 1980s, narrow vein
Latest appearance
03 Nov 2025
On record
1 interview · 19 statements · 1 executive

At a glance

What the record holds today. Every card names where it came from — a management representation is not an established fact, and the page never blurs the two.

What is in the ground
about 10 years of resources
Management-stated Gorden Glenn Nov 2025
Grade
101 gram over half a meter
Management-stated Gorden Glenn Nov 2025
Money on hand
Brought in first institutional shareholder from Australia in summer 2025; new European and US-based investors
Stated capital need: 15 to 20 million for mill refurbishment
Management-stated Gorden Glenn Nov 2025
What happens next
late 2027 or early 2028
Management-stated Gorden Glenn Nov 2025
The main open question
The feasibility study is from 2017 and relies on $2,500/oz gold; at the time the resource was estimated at $1,250/oz (17), and recent drill hits like 101g over 0.5m (18) are narrow intercepts from a past-producing narrow-vein deposit (19)…
Weighed from the statements below, not our opinion of the company.
Our reading

Management view vs outside view

Management interviews are promotional by nature; the outside view is the counterweight. Both are quoted from the recordings, not added by us.

What management spends its time on

Counted from Minnova Corp's own claims across 1 interview — most-covered theme first.

What outside voices pick up on

No independent commentary on record yet — so far the page carries only the company's own voice.

Bull · Bear · Watch next

Weighed from the statements on this page — management's pitch and the outside view. Not financial advice, and not our opinion of the company.

▲ Bull case

Management says PL north trend extends the main deposit over continuous mineralized zones (1), the 2017 feasibility study projects 46,000 oz/year gold at $2,500/oz producing a 300% after-tax IRR (11, 15, 16), and refurbishment of the…

What it rests on
Evidence: 3 moments from 1 interview
Read the full case

Management says PL north trend extends the main deposit over continuous mineralized zones (1), the 2017 feasibility study projects 46,000 oz/year gold at $2,500/oz producing a 300% after-tax IRR (11, 15, 16), and refurbishment of the existing 1,000 tpd mill requires only $15–20M capex against $20M already invested (3, 4, 5). Restart of a past-producing mine in Canada with a decade of resources de-risks execution versus greenfield development.

▼ Bear case

The feasibility study is from 2017 and relies on $2,500/oz gold; at the time the resource was estimated at $1,250/oz (17), and recent drill hits like 101g over 0.5m (18) are narrow intercepts from a past-producing narrow-vein deposit (19)…

What it rests on
Evidence: 2 moments from 1 interview
Read the full case

The feasibility study is from 2017 and relies on $2,500/oz gold; at the time the resource was estimated at $1,250/oz (17), and recent drill hits like 101g over 0.5m (18) are narrow intercepts from a past-producing narrow-vein deposit (19) with limited public geology disclosure. Financing brought in only a small round in summer 2025 (6); no detail on total funding secured, debt structure, permitting status, or how the gap between 800 tpd (study) and 1,000 tpd (stated mill capacity) will be bridged. The case lacks independent validation.

◆ Watch next

Q1 next year: PEA completion (14).

What it rests on
Evidence: 2 moments from 1 interview
Read the full case

Q1 next year: PEA completion (14). Q3 next year: feasibility study conclusion targeting 100% open-pit mine design (13). 12 months post-feasibility: mine finance and development ramp (12), targeting late 2027 or early 2028 production start (12). Monitor financing announcements, permit progress, and whether PL north extension resource is included in updated estimates.

Each moment links to the exact point in the source recording. The cases are drawn from the transcripts, weighed as written — they are not a rating, a target or a recommendation.

Project 8 statements

The deposit 4

Key takeaway. Regarding the deposit at Minnova Corp's project, management describes it as a past-producing narrow-vein gold mine that operated in the late 1980s.

Read the full summary

The company reports a resource of about 10 years and notes a grade of 101 grams over half a meter. On exploration upside, management says a post-2017 identification of the PL north trend as an extension of the main deposit has revealed a continuous mineralized zone over a couple hundred meters along strike and down dip (all claims November 2025).

What was actually said
deposit type
past producing gold mine from late 1980s, narrow vein
“That's a past producer uh from the late 80s”
Gorden Glenn· 03 Nov 2025·
exploration upside
PL north trend identified post-2017 as extension of main deposit, continuous mineralized zone over couple hundred meters along strike and down dip
“we identified something called the PL north uh trend or target area which is uh effectively an extension of the the main PL deposit um which has not included any of the resource”
Gorden Glenn· 03 Nov 2025·
grade
101 gram over half a meter
“we drilled uh literally in the shadow of the mill in our case and hit 101 gram over half a meter at 208 m vertical”
Gorden Glenn· 03 Nov 2025·
Show the other 1 statement
resource size
about 10 years of resources
“Uh we we have about 10 years of resources”
Gorden Glenn· 03 Nov 2025·

Jurisdiction 1

What was actually said
country
Canada
“developing and restarting the past producing PL gold mine in northern Manitoba”
Gorden Glenn· 03 Nov 2025·

Technical risk 3

Key takeaway. Management acknowledges technical risk tied to three key assumptions.

Read the full summary

As of November 2025, the company assumes a 1,000-ton-per-day mill running at full nameplate capacity, an 800-ton-per-day run-of-mine operation averaging 46,000 ounces of gold per year, and a five-year reserve life drawn from the 2017 feasibility study.

What was actually said
key assumption
1,000 ton per day mill at full nameplate capacity
“We have a 1,000 ton per day mill”
Gorden Glenn· 03 Nov 2025·
key assumption
800 tons per day run of mine operation producing on average 46,000 ounces of gold per year
“The feasibility study uh from 2017 uh was based on an 800 ton per day uh run of mine operation producing on average 46,000 ounces of gold per year”
Gorden Glenn· 03 Nov 2025·
key assumption
5-year reserve life from 2017 feasibility study
“800 ton per day uh run of mine operation producing on average 46,000 ounces of gold per year for about a 5-year reserve life”
Gorden Glenn· 03 Nov 2025·

Economics 6 statements

Economics 3

Key takeaway. Management provided two different gold-price assumptions for the project in November 2025: US$2,500 per ounce and US$1,250 per ounce.

Read the full summary

Based on one of those assumptions, the company reports a 300% after-tax internal rate of return.

What was actually said
irr
300% after tax IRR
“300% after tax IR on the feasibility study at $2,500 gold”
Gorden Glenn· 03 Nov 2025·
price assumption
$2,500 per ounce
“an updated mineral resource estimate and bring it current with uh uh at at the higher gold price... $2,500 into the market”
Gorden Glenn· 03 Nov 2025·
price assumption
$1,250 per ounce
“mineral resource estimate um based on a gold price a then gold price of $1,250 per ounce”
Gorden Glenn· 03 Nov 2025·

Financing 3

Key takeaway. Management reports the company has already spent about $20 million on the project.

Read the full summary

For the mill refurbishment alone, it says it needs $15 million to $20 million in additional capital. The company notes it brought in its first institutional shareholder from Australia in summer 2025 and has since added new European and US-based investors as of November 2025.

What was actually said
capital needed
15 to 20 million for mill refurbishment
“it's probably probably in the order of 15 to20 million today”
Gorden Glenn· 03 Nov 2025·
financing status
Brought in first institutional shareholder from Australia in summer 2025; new European and US-based investors
“we did a small financing uh in the summer of 2025 where we brought in our first institutional uh shareholder uh out of Australia”
Gorden Glenn· 03 Nov 2025·
investment to date
$20 million
“our investment to date on the project which is really only $20 million”
Gorden Glenn· 03 Nov 2025·

Timeline 3 statements

Timeline 3

Key takeaway. Management provided two different timelines for when a study is due: in November 2025 they said the study is due in Q1 of next year, but in that same month they also said it is due in Q3 of next year.

Read the full summary

The company projects first production for late 2027 or early 2028.

What was actually said
first production
late 2027 or early 2028
“we're really talking about 12 months of engineering design work feas pea feasibility study and then uh mine finance uh and development to be in production uh late 2027 or early 2028”
Gorden Glenn· 03 Nov 2025·
study due
Q3 of next year
“we will move right into the feasibility study uh and complete that uh and focus again. That'll be 100% startup as an open pit mine. uh we'll conclude that in Q3 of next year”
Gorden Glenn· 03 Nov 2025·
study due
Q1 next year
“We're targeting Q1 for that”
Gorden Glenn· 03 Nov 2025·

Corporate 2 statements

Management 1

What was actually said
track record
CEO Gourd Glenn
“Hi, I'm Gourd Glenn. I'm the CEO of Manovva Corp”
Gorden Glenn· 03 Nov 2025·

Share structure 1

What was actually said
shares outstanding
TSXV listed, symbol MCI
“it's a TSXV listed junior gold mine development company, symbol MCI”
Gorden Glenn· 03 Nov 2025·

Sources 1 interview

Every interview 1

DateChannelInterviewStatements
03 Nov 2025 Crux Investor Minnova Corp (TSXV:MCI) Infrastructure Advantage Towards 2027 Production with 300% Value Increase 19

What else those interviews covered

Every other asset named in the same recordings, by how many of them named it — the company's coverage context, not its holdings. Where the name is another company we hold a record for, it links to it.

gold 1
pl gold mine 1

Questions people ask

What is Minnova Corp's project and where is it?

Minnova Corp is a developer mining company, with a project stated to be in Canada. Everything here is drawn from its executives' own interviews.

Which interviews mention Minnova Corp?

We track 1 interview mentioning Minnova Corp, across 1 channel (Crux Investor).

What are investors saying about Minnova Corp?

No independent commentary is on record yet — so far the page carries only the company's own voice.

What do recent interviews with Minnova Corp cover?

The most-discussed topics on record are the deposit, economics, financing, timeline — each claim quoted and dated in the sections above.

How to read this page

What is here

Statements made by company representatives in the interviews listed above — each one carrying the words that made it, the date, and the recording. Nothing is added from any other source: if it was not said on a recording, it is not on this page. The one exception lives in the Claims & Checks record, which cites a metal price from our own feed so a stated cost can be set against it — and labels it as ours wherever it appears.

What is not verified

All of it. Resource figures, economics, timelines and promotional framing are management's own representations, checked against no filing and no technical report. Transcripts are automatic; we repair a clearly mis-heard word but never a number, a date, a unit or a speaker's hedge — “about 8.6 million ounces” keeps its “about”.

How to use it

Treat it as a map of what has been said, not as a source of fact. Where a figure matters to you, open the recording and read the company's filings. Nothing here is financial advice, a recommendation, or an offer to buy or sell any security — these are interested parties discussing their own company.

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