Magna Mining

Magna Mining Inc. is a Canadian-based mining company focused on copper, nickel, and precious metals production growth in Sudbury, North America's premier mining district. With a robust portfolio including one producing copper mine (McCreedy West) and four permitted past-producing assets (Levack, Crean Hill, Podolsky, Shakespeare), Magna controls combined resources of 935 million pounds of copper, 936 million pounds of nickel, and 3.1 million ounces of total precious metals (TPM). 

These brownfield sites leverage over 100 years of regional infrastructure, including nearby mills from Vale and Glencore, enabling low-capex expansion and operational synergies in equipment, workforce, and processing.

Magna operates from the McCreedy West mine, delivering Q3 2025 production of 2.7 million pounds CuEq at US$5.10/lb cash costs, while advancing high-grade exploration targets. The company's bootstrapped growth plan targets mid-tier producer status through staggered restarts and discoveries. Listed on TSXV (NICU), OTCQX (MGMNF), Magna is backed by a seasoned management team with deep Sudbury expertise from FNX Mining, KGHM, and Vale.​

Magna Mining presents a compelling investment opportunity through its production-ready pipeline in the world-class Sudbury Basin, where only Vale, Glencore, and Magna hold significant properties. Current McCreedy West output provides immediate cash flow, with Q3 2025 revenue of $16.3 million and H2 guidance targeting 4.7-5.6 million lbs CuEq in Q4 at lower AISC of US$3.85-4.47/lb. The portfolio offers rapid scalability: Levack's NI 43-101 indicated resources of 6.1M tonnes at 3.54% CuEq, plus footwall copper-PGE zones with intercepts like 19.5% Cu over 8.9m, signal high-grade expansion potential.

Synergies with adjacent operations reduce development costs, while nickel optionality provides leverage to rising base metal prices. Sudbury's established social license, low-cost access, and processing facilities position Magna for capital-efficient growth versus greenfield peers. Recent high-grade drilling (e.g., 6.8% Cu, 7.1 g/t TPM over 11.1m at McCreedy) and upcoming NI 43-101 reserves de-risk the path to multi-asset production. With C$63M cash and a C$675M market cap, Magna offers leverage to copper, nickel, and PGE demand in a tier-1 jurisdiction.​

Magna Mining Inc. is led by a proven management team with extensive Sudbury Basin experience, spanning operations, exploration, and corporate development. CEO Jason Jessup brings 25+ years in mining, including key roles at FNX Mining, Sandstorm Gold, and INCO, driving the company's production restart strategy. COO Jeff Huffman, with 20+ years in underground mine building, previously served as President & COO of Dumas Contracting, ensuring execution at McCreedy West.

SVP Exploration & Geoscience David King, M.Sc., P.Geo., offers 25+ years of base/precious metals expertise, including VP Exploration at TMAC and Senior Manager at KGHM/FNX, fueling Magna's discovery track record. 

CFO Scott Gilbert, CPA, CBV, manages finances with 25 years from Wesdome Gold Mines. EVP Paul Fowler, CFA, handles capital markets and M&A with 20+ years from Reunion Gold. SVP Capital Markets Greg Huffman leverages 20 years in mining equity. This team, complemented by directors like Chairman Vern Baker (ex-FNX VP Operations) and Jonathan Goodman (Dundee Corporation), positions Magna for operational success and accretive growth.​

Magna Mining executes a three-pillar growth strategy: production ramp at McCreedy West, exploration of high-grade footwall targets, and synergistic acquisitions of non-core Sudbury assets. Near-term catalysts include Levack footwall drilling results, McCreedy NI 43-101 reserves, and west-side expansion toward the historical Hardy mine. The company targets staggered restarts—Levack next—using shared infrastructure for low-capex scaling to mid-tier output over five years.

Exploration leverages a proprietary database and Sudbury veterans for discoveries like Levack's R2 target (similar to Morrison deposit) and intercepts exceeding 20% Cu with high PGMs. Permitted assets like Crean Hill (109 FW) and Podolsky (North Zone) offer restart optionality, while Shakespeare provides Cu-Ni-PGE upside. Bootstrapped cash flow funds development, minimizing dilution, with potential nickel restarts adding flexibility. Strategic acquisitions enhance the pipeline, targeting deposits near Magna's infrastructure. This disciplined approach delivers production growth while capitalizing on Sudbury's world-class endowment.​

As of Q3 2025, Magna Mining maintains a solid balance sheet with C$63 million cash, C$24 million convertible notes (due 2029), and 250M shares outstanding for a C$675M market cap at C$2.71/share. McCreedy West generated Q3 net revenue of $16.3M from 75k tons at 2.64% CuEq, with cash costs of US$5.10/lb and production costs of $200/ton. Underground development advanced 1,796 feet, supported by 15k feet of drilling.

H2 2025 guidance projects 80-92k tons sold quarterly, Q4 CuEq grade of 3.8-4.4%, and AISC of US$3.85-4.47/lb. The portfolio's 935M lbs Cu, 936M lbs Ni, and 3.1M oz TPM underpin long-term value, with low-capex brownfields enhancing returns. Financing flexibility includes debt capacity and institutional support (Dundee at 18.8%), positioning Magna to self-fund growth amid favorable metal prices.​

Magna Mining Inc. stands poised for multi-asset production in Sudbury's unmatched mining district, blending immediate cash flow from McCreedy West with high-grade restart potential across four permitted mines. Its 935M lbs Cu, 936M lbs Ni, and 3.1M oz TPM resources, powered by brownfield efficiencies and a battle-tested team, offer scalable growth at low capital intensity.

Investor appeal lies in near-term catalysts like Levack drilling and reserves, H2 guidance uplift, and nickel optionality amid rising demand. With C$63M cash, strong analyst coverage, and Sudbury's tier-1 advantages, Magna delivers leverage to copper, nickel, and precious metals. For exposure to a de-risked, cash-generative producer with exploration upside, Magna represents a strategic North American mining opportunity committed to efficient, synergistic expansion.