Minnova Corp. Announces Reinstatement of Trading and Corporate Update
Minnova Corp. Office: +1 647 985 2785
MCI:TSXV 217 Queen Street W., Suite 401
www.minnovacorp.ca Toronto, Ontario M5V 0R2
Minnova Corp. Announces Reinstatement of Trading and Corporate Update
September 11, 2025, Toronto, Ontario – Minnova Corp. (TSXV: MCI) (OTC Pink: AGRDF)
("Minnova" or the "Company") announces that its common shares (the "Common Shares") will
be reinstated on the TSX Venture Exchange (the "TSXV"). This follows the successful resolution
of the cease trade order issued by the Ontario Securities Commission (the " OSC") on August 5,
2025 which was revoked by the OSC on August 6, 2025.
Pursuant to the TSXV trading reinstatement review, the Company is providing the following
disclosure. As of July 31, 2025, the Company has a working capital deficiency of $544,611. The
Company plans to complete a private placement (the "Offering") to address the deficiency and
fund ongoing work programs at the PL Gold Mine, including up to 10,000 meters of drilling, ore
sorting test work and updated NI 43-101 compliant techno-economic studies. Once the Company
determines the details of the Offering, the Company will issue a press release disclosing same.
PL Gold Mine Development Update
The company engaged A&B Global Mining (see press release of August 21, 2025) and is
advancing on plans for an updated Mineral Resource Estimate (MRE) and preliminary open pit
and underground mine design and layout . Work is well underway on a new mine development
plan that considers the current gold price, restarting mining operations from open pits that can
provide 1,000 tonnes per day run -of-mine (ROM) ore to the mill before transitioning to
underground mining operations.
About Minnova Corp.
Minnova Corp. is focused on the restart of its PL Gold Mine, which included completion of a
Positive Feasibility Study in 2018, based on a gold price of US$1,250 per ounce. The study
concluded the restart of the PL Mine, at an average annual production rate of 46,493 ounces over
a minimum 5 -year mine life, was economically robust. Importantly the global resource remains
open to expansion, as does the reserve. The PL Gold Mine benefits from a short pre-production
timeline forecast at 15 months, a valid underground mining permit (Environment Act 1207E), an
existing 1,000 tpd processing plant, over 7,000 meters of developed underground ramp to - 135
metres depth. The project is fully road accessible and close to existing mining infrastructure in the
prolific Flin Flon Greenstone Belt of Central Manitoba.
For more information please contact:
Minnova Corp.
Gorden Glenn
President & Chief Executive Officer
Tel: (647) 985-2785
For further information, please contact Investor Relations: [email protected]
Visit our website at www.minnovacorp.ca
Minnova Corp. Office: +1 647 985 2785
MCI:TSXV 217 Queen Street W., Suite 401
www.minnovacorp.ca Toronto, Ontario M5V 0R2
Forward Looking Statements
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 release.
This news release contains certain “forward-looking information” within the meaning of applicable securities laws. Forward
looking information is frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”,
“estimate”, “may”, “will”, “would”, “potential”, “proposed” and other similar words, or statements that certain events or
conditions “may” or “will” occur. These statements are only predictions. Forward-looking information is based on the opinions
and estimates of management at the date the information is provided, and is subject to a variety of risks and uncertainties and
other factors that could cause actual events or results to differ materially from those projected in the forward-looking information.
For a description of the risks and uncertainties facing the Company and its business and affairs, readers should refer to the
Company’s Management’s Discussion and Analysis. The Company undertakes no obligation to update forward-looking
information if circumstances or management’s estimates or opinions should change, unless required by law. The reader is
cautioned not to place undue reliance on forward-looking information.
Not for distribution to U.S. Newswire Services or for dissemination in the United States. Any failure to comply with this restriction
may constitute a violation of U.S. Securities laws.