Magna Mining(TSXV:nicu)

Magna Mining is a producing mining company co-founded in 2016 by Jason Jessup, focusing on copper, nickel, and PGM projects in the Sudbury Region of Ontario, Canada.

Investor website: https://magnamining.com/

About

Magna Mining is a producing mining company co-founded in 2016 by Jason Jessup, focusing on copper, nickel, and PGM projects in the Sudbury Region of Ontario, Canada. The company’s primary assets include the McCreedy West copper mine and several past producing mines. The Sudbury region is a significant contributor to mineral development in Canada, known for its Class 1 Nickel production and extensive mining infrastructure.

Verified company data

Cash position
$55.9 million
Shares outstanding
249,484,161
Fully diluted shares
263,528,397
Mineral resource
Crean Hill is a brownfield, past producing mine with a closure plan in place, located in the historic Nickel mining district of Sudbury. The project has a NI 43-101 compliant Mineral Resource Estimate of over 30 million tonnes, including 14.5 million tonnes of high grade underground resources _(SGS Geological Services, 2022)_. First production from test mining and bulk sampling is anticipated in 2024. NI 43-101 compliant indicated resource estimate of over 30 million tonnes, including 14.5 million tonnes of high-grade, underground resources _(SGS Geological Services, 2022)._ Estimated contained metal of over 500 million pounds of Nickel, 450 million pounds of Copper, 650,000 ounces of Platinum, 675,000 ounces of Palladium and 385,000 ounces of Gold.
Projects
["Crean Hill is a brownfield, past producing mine with a closure plan in place, located in the historic Nickel mining district of Sudbury. The project has a NI 43-101 compliant Mineral Resource Estimate of over 30 million tonnes, including 14.5 million tonnes of high grade underground resources _(SGS Geological Services, 2022)_. First production from test mining and bulk sampling is anticipated in 2024. HIGHLIGHTS Location: Sudbury, Canada Stage: Advanced Exploration & Development Operation: Underground Commodities: Ni, Cu, Co, Pt, Pd, Au The Crean Hill Deposit Preliminary Economic Assessment NI 43-101 Preliminary Economic Assessment of the Crean Hill Project _(Effective Date: April 15, 2024, SGS Canada Inc.)_ Mineral Resource Estimate Mineral Resource Estimate for the Denison NI-CU-PGE Sulphide Deposit _(Effective date: August 19, 2022, SGS Geological Services)_ Mineralization Crean Hill is a brownfield, past producing mine with a closure plan in place, located in the historic Nickel mining district of Sudbury. The project has a NI 43-101 compliant Mineral Resource Estimate of over 30 million tonnes, including 14.5 million tonnes of high grade underground resources. First production from test mining and bulk sampling is anticipated in 2024. Typical SIC Contact Ore Massive sulphide intersections in the Contact ore at Crean Hill typically exhibit high grade pentlandite and chalcopyrite. Typical SIC Footwall Ore Sudbury footwall mineralization containing high grade PGM’s. Footwall hole MCR 23 052 (depicted) reported 0.8% Ni, 1.3% Cu and 2 g/t Pt+Pd+Au ovr 96.5 metres. Resource NI 43-101 compliant indicated resource estimate of over 30 million tonnes, including 14.5 million tonnes of high-grade, underground resources _(SGS Geological Services, 2022)._ Estimated contained metal of over 500 million pounds of Nickel, 450 million pounds of Copper, 650,000 ounces of Platinum, 675,000 ounces of Palladium and 385,000 ounces of Gold. CREAN HILL NI 43-101 Compliant Resource Estimate (November 2022) OPEN PIT Category Cut-off Grade Tonnes (Mt) Ni % Cu % Co % Pt g/t Pd g/t Au g/t NiEq % Indicated 0.3% NiEq 16.76 0.53 0.49 0.02 0.48 0.37 0.25 1.08 Inferred 0.3% NiEq 0.43 0.43 0.49 0.02 0.29 0.14 0.07 0.82 UNDERGROUND Category Cut-off Grade Tonnes (Mt) Ni % Cu % Co % Pt g/t Pd g/t Au g/t NiEq % Indicated 1.1% NiEq 14.53 0.96 0.84 0.03 0.88 1.02 0.54 2.07 Inferred 1.1% NiEq 1.17 0.61 0.46 0.02 0.64 1.09 0.21 1.41 First Production Anticipated in 2024 Ore selling agreement in place with Vale Closure plan filed March 2024 Permitted for 400,000 tonnes of ore under Advanced Exploration (AdEx) History Crean Hill was a past producing mine operated by INCO (now Vale Canada) over 3 operating periods between 1900 and 2002. Exploration programs since the closure of the mine in 2002 did not focus on high-sulphide Nickel or Copper mineralization. The mine cumulatively produced over 20 million tonnes of Nickel-Copper contact ore over this period of time. In 2022, Magna Mining purchased the property from Lonmin Canada."]
Leadership
Jason Jessup, MBA (CEO & Director, Over 25 years of experience in the mining industry comprising operations management, corporate development and project evaluation. Formerly FNX Mining, Sandstorm Gold, Premier Royalty, and INCO.), Paul Fowler, CFA (Executive Vice President, Experienced Mining Executive with a background in Corporate Development and Capital Markets. Worked with publicly-listed Canadian mining companies for over 17 years.), Jeff Huffman, MBA, PMP (COO, Experienced mining executive with over 20 years in operations management, project management and underground mine building. Previously President & COO of Dumas Contracting Ltd.), Scott Gilbert, CA, CPA, CBV (CFO, Over 25 years of experience in finance roles in the mining sector. Most recently Chief Financial Officer at Wesdome Gold Mines Ltd.), David King, M.Sc., P.Geo. (Senior Vice President, Exploration and Geoscience, Registered professional geologist with more than 25 years of base and precious metal experience.), Tim Bradburn, JD (Senior Vice President, General Counsel, Almost 20 years of experience in the mining industry and 25 years as a corporate, securities and M&A lawyer.), Greg Huffman, B.Sc. (Senior Vice President, Capital Markets, Over 20 years of capital market experience in the mining sector, previously CEO, President and Director of Nuclear Fuels Inc.)

Verified data last updated: 2026-06-12

Recent filings

Investor FAQ