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Last C$0.03 CAD
Change Today 0.00 / 0.00%
Volume 65.2K
MDN On Other Exchanges
As of 12:53 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

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mdn inc (MDN) Details

MDN Inc. acquires, explores, and develops mining properties in Canada and Tanzania. It explores for gold, niobium, and tantalum deposits. The company holds interests in Ikungu, Ikungu East, and Isambara (Simba) projects totaling an area of 473 square kilometers located in the area of Lake Victoria Goldfield in Tanzania, East Africa. It also has a 72.5% interest in the Crevier niobium and tantalum deposit that includes 83 concessions covering an area of 4,645 hectares located in Lac-Saint-Jean region of Québec; and owns a 100 % interest in the Samaqua project, which consists of 175 claims totaling an area of 9822.89 hectares located in Lac-Saint-Jean region of Québec. The company was formerly known as Northern Mining Explorations Ltd. and changed its name to MDN Inc. in May 2007. MDN Inc. was founded in 1954 and is headquartered in Montréal, Canada.

Founded in 1954

mdn inc (MDN) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: --
Chief Financial Officer, Vice President of Fi...
Total Annual Compensation: C$128.1K
Compensation as of Fiscal Year 2014.

mdn inc (MDN) Key Developments

MDN Inc. Announces Confirmation of High Grade Niobium Showings and Discovery of New Carbonatites

MDN Inc. announced the results of a preliminary sampling of the known niobium showings, with grab samples grading up to 1.58% of niobium pentoxide (Nb). The company received the final assay results of a grab sampling program done during MDN's first field visit in mid-May 2015. On site 28, sampling of a 30 to 40 centimeters thick ferro-carbonatite dyke in blasted pits number 1 and 2 gave 1.58% and 0.91% Nb. At site 21A, some six kilometers due south of site 28, a proximal boulder of ferro-carbonatite assayed 0.67% Nb. A detailed mapping and sampling field program is well under way. All the previously discovered showings were dig-out, exposed and hand cleaned in order to perform detailed mapping and sampling. A first batch of 70 samples was sent to the lab last week and results are expected in a couple of weeks. Meanwhile, prospecting for new occurrences led to the discovery of half a dozen new carbonatite dykes. Most are made of calcio-carbonatite (almost pure calcite) which will most likely return low niobium values. On the other hand, at least two are ferro-carbonatites. Of particular interest is a five by five meters area, about 90 meters south of site 28, where half a dozen dig-out holes through 50 to 80 centimeters overburden show a nice looking massive ferro-carbonatite. A stripping and channel sampling program of all areas of interest will begin this week. All samples were sent at Activation Laboratory (Actlabs). First pass assaying was with ActLabs's ICP lithogeochemistry package.

MDN Inc. Announces the Start of the Prospecting Work on the Prairie Lake Property

MDN Inc. announced the start of the prospecting work on the Prairie Lake property. The first phase will start in June and will include detailed mapping and the trenching of sites of interest with systematic sampling. Several of them have already been identified during a recent visit on the property. Will follow a second phase of exploration that will consist of a high definition airborne magnetic survey with radiometry, and then a third phase where the previously established targets will be drilled. The last two phases will require more funds and the Company will proceed with a funding campaign in the coming months.

MDN Inc. Auditor Raises 'Going Concern' Doubt

MDN Inc. filed its Annual on Mar 27, 2015 for the period ending Dec 31, 2014. In this report its auditor, KPMG LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.


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