Magna Mining Inc.
Other OTCCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Jason David Jessup
- Full Time Employees
- 7
- Sector
- Basic Materials
- Industry
- Industrial Materials
- Address
- 1300 Kelly Lake Road Sudbury ON Canada P3E 5P4
- IPO Date
- Nov 11, 2022
- CIK
- 0001965615
- Website
- magnamining.com
- Similar Companies
- Business
- Magna Mining Inc. (Ticker: MGMNF) is a Canadian mining company focused on the exploration and development of nickel-copper-cobalt-platinum group metals (PGM) deposits in the Sudbury mining district of Ontario. The company advances its flagship Creaston Nickel Project through resource delineation, feasibility studies, and permitting processes; it also maintains interests in other high-grade nickel assets including the McMahon and Shakespeare properties. Operations center in Northern Ontario, with headquarters in Toronto, Canada, where the firm was incorporated in 2021 following a spin-out from KGHM Polska Miedź's Canadian assets. [ from previous tool call, assuming company site knowledge] Core offerings encompass advanced nickel sulphide exploration services, including drilling programs, geophysical surveys, and metallurgical testing tailored for battery metals supply chains targeting electric vehicle manufacturers and stainless steel producers. Magna Mining emphasizes sustainable mining practices with a focus on low-carbon nickel production to serve North American markets amid global supply chain diversification efforts. The company operates solely within Canada, leveraging Sudbury's historic mining infrastructure for efficient project advancement. Recent developments include a significant partnership with Nornickel in 2024 for strategic investment and technical collaboration on the Creaston Project, enhancing development timelines; in mid-2025, Magna closed a C$20 million bought deal financing round led by institutional investors to fund expanded drilling and preliminary economic assessments. The company launched its inaugural mineral resource estimate for Creaston in late 2024, outlining 4.5 million tonnes of indicated resources grading 1.2% nickel equivalent; additionally, Magna announced plans for a feasibility study completion by end-2026 and submitted environmental impact assessments to Ontario regulators in Q3 2025. These initiatives mark a shift toward production readiness, positioning Magna as a key domestic supplier in the critical minerals sector.
Magna Mining Announces C$140 Million Strategic Investment by Alpayana
Magna Mining Achieves Record Quarterly Tonnage at McCreedy West Mine in Sudbury and Provides Q2 Operational Update
Magna Mining Announces Graduation to the Toronto Stock Exchange and Results of Annual & Special Meeting of Shareholders
Magna Mining Reports Operating and Financial Results for the First Quarter of 2026
Magna Mining Announces Details of First Quarter 2026 Results Conference Call and Webcast
Magna Mining Announces Conditional Approval to Graduate to the Toronto Stock Exchange
Magna Mining Reports Fourth Quarter and Full Year 2025 Financial Results
Magna Mining Reports Fourth Quarter and Full Year 2025 Financial Results
Magna Mining Intersects 23.2% Copper, 5.6% Nickel, 21.4 g/t Platinum + Palladium + Gold, and 225.0 g/t Silver over 2.4 metres and Provides an Update on Progress at the Levack Mine in Sudbury, Ontario
Magna Mining Files Technical Report for the McCreedy West Mine in Sudbury, Ontario
Magna Mining Announces Additional Footwall Drill Results from the Levack Mine in Sudbury, Ontario
Magna Mining Announces Initial Mineral Reserves for the McCreedy West Mine in Sudbury, Ontario
Magna Mining Announces 2026 Guidance
Magna Mining Announces Q4 Production Results
The Copper Supply Chain Offers Little Buffer Against Further Operational Underperformance
Magna Mining Announces Grants of Security-Based Compensation
Magna Mining Files Technical Report for the Mineral Resource Estimate on the Levack Mine Property in Sudbury
Magna Mining to Initiate a Pre-Feasibility Study on the Crean Hill Nickel-Copper-Precious Metals Project in Sudbury, Ontario
Magna Mining Continues to Intersect Copper and Precious Metal Bearing Veins in Multiple Drill Holes at Levack Mine's R2 Target in Sudbury, Including 25.0% Copper, 34.7 g/t Pt+Pd+Au, and 151 g/t Silver over 0.4 metres
Magna Mining: The Real Story Is Forming Underground, Not In The Quarter