Minnova Engages Amps Powerline Inc. to Oversee PL Gold Mine Grid Power Connection, Distribution and Utilization

On December 22, 2025, Minnova Corp. announced it has engaged Amps Powerline Inc. (AMPS) to manage the reconnection of the PL Gold Mine to the Manitoba Hydro grid. This engagement includes overseeing site power distribution and refurbishing the plant's electrical systems. This move is a tactical step toward the planned 2026 mine restart. The scope of work is intended to support the upcoming Preliminary Economic Assessment (PEA) and updated Feasibility Study (FS), which are targeted for completion in Q1 and Q3 of 2026, respectively.

The news is a necessary operational step but lacks immediate material weight compared to the recent C$4.82 million financing. - Execution Progress: It demonstrates that management is moving from the "planning" phase into "site readiness." Reconnecting to grid power is significantly more cost-effective than diesel generation, which is critical for the project's eventual unit costs. - In-line with Expectations: Following the closure of the December 3, 2025, financing, the company is expected to deploy capital on infrastructure. This news fulfills that expectation. - Project Validation: Using a professional electrical contractor like AMPS reduces technical risk regarding the 1,000 tpd mill's restart. However, it does not address the larger hurdle of the C$3.8 million reclamation provision or the total CAPEX required for a full restart.

Minnova Corp. is a junior explorer focused on restarting the 100% owned PL Gold Mine in the Flin Flon Greenstone Belt, Manitoba. The project is an "advanced-stage" asset featuring a 1,000 tpd mill (under care and maintenance), over 7,000m of underground development, and an existing environment permit. The 2018 Feasibility Study is considered outdated (based on US$1,250 gold). The current strategy pivots to an initial open-pit mine to lower upfront risk before moving back underground.