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mdn inc (MDN) Snapshot

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08/1/14 - C$0.09
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mdn inc (MDN) Details

MDN Inc. is engaged in the acquisition, exploration, and development of mining properties in Tanzania and Canada. The company holds interests in Simba, Ikungu, Ikungu East, and Nikonga projects totaling 473 square kilometers located in Tanzania, East Africam. It also has interests in the Des Méloizes project in the Normetal area; Le Tac, Lac Shortt, and Lespérance projects in the Chibougamau area; Isle-Dieu project in the Matagami area; and Crevier project in the Lac St-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 Montreal, Canada.

8 Employees
Last Reported Date: 03/27/14
Founded in 1954

mdn inc (MDN) Top Compensated Officers

Chief Financial Officer, Vice President of Fi...
Total Annual Compensation: C$134.5K
Total Annual Compensation: C$122.9K
Total Annual Compensation: C$121.3K
Compensation as of Fiscal Year 2013.

mdn inc (MDN) Key Developments

MDN Inc. Identifies Three Large Exploration Targets on Samaqua

MDN Inc. reported that it has identified multiple exploration targets on its wholly-owned Samaqua property north of Girardville in the Saguenay-Lac-Saint-Jean region of Quebec, Canada. The Company announced the start of an exploration program on the property on August 19, 2014. The three targets identified consist of: A circular magnetic anomaly (called Samaqua) that was confirmed and delineated by a high definition magnetic survey; the anomaly, which lies at the southern end of the property, 23 km southeast of the Crevier deposit and 130 km northwest of the Niobec mine, is a circular magnetic geophysical response with a halo of high magnetic intensity surrounding a low-intensity core, similar to that associated with the Niobec Inc.'s niobium mine; A K-Th-U radiometry anomaly detected midway between the Crevier deposit and the Samaqua circular anomaly, which could be the geophysical signature of an alkaline intrusive that cuts through the Grenville Formation, like the Crevier and Niobec intrusives; A magnetic lineament associated with the Crevier dyke, extending toward the southeast of the deposit; it is interpreted as the extension of the structure associated with the Crevier niobium-tantalum-bearing dyke, which suggests potential for a southeastern extension of the dyke, and crosses the entire property, including the two anomalies mentioned above. The geophysics program consisted of a spectrometry survey, a time-domain electromagnetic survey (AeroTEM IV) and a high-definition magnetic survey totaling 935 km, on lines spaced at 150 m. An induced-polarization ground geophysical survey now underway, which will be completed in November, is aimed at defining drill targets on these three exploration targets.

MDN Inc. expected to report Q3 2014 results on November 7, 2014. This event was calculated by Capital IQ (Created on October 10, 2014).

MDN Inc. expected to report Q3 2014 results on November 7, 2014. This event was calculated by Capital IQ (Created on October 10, 2014).

MDN Inc. Closes Private Placement

MDN Inc. has completed a private placement for total proceeds of $785,000. MDN will use the private placement proceeds to finance its exploration plan on the Samaqua project located south-east of niobium-tantalum Crevier project.


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