Magna Mining Inc
Industry: Other Industrial Metals & Mining
Sector: Basic Materials
Primary metal: Nickel
About
Magna Mining Inc. is a mining exploration and development company primarily focused on the acquisition and development of mining properties in the Sudbury region of Ontario, Canada. The company is dedicated to exploring and advancing nickel, copper, and platinum group metal projects, which are crucial for various industrial applications, including electrical vehicles, renewable energy infrastructure, and advanced technology manufacturing. Magna Mining Inc. operates with a commitment to sustainable practices, ensuring that its projects not only provide economic benefits but also adhere to environmental and community standards. The Sudbury area, being one of the largest nickel-producing regions in the world, offers significant potential for resource extraction and growth. As part of the mining sector, Magna Mining plays a vital role in supplying the raw materials necessary for technological advancements and energy transition initiatives globally. The company's focus on strategic resource development positions it as a significant player in the ongoing shift towards a more sustainable and electrified future.
CEO
Mr. Jason David Jessup M.B.A.
Contact Info
1300 Kelly Lake Road
Sudbury, ON P3E 5P4
Canada
705 482 9667
info@magnamining.com
https://magnamining.comStock Performance
1 Week: 1.17%
1 Month: 37.30%
3 Months: 10.19%
This Year: 18.90%
1 Year: 123.23%
3 Years: 217.43%
5 Years: 0.00%
Symbol: NICUExchange: TSXVCurrency: CAD
52-week low: 1.16
52-week high: 3.70
50-day ma: 2.85
200-day ma: 2.21
Shares Short: 403,635
Short ratio: 1.33
Avg volume: 373,462
Beta: 2.55
Market Cap
869 M
Shares out
249.81 M
Cash
(2025-09-30)
63.12 M
Debt
(2025-09-30)
15.3 M
Cashflow
-32.03 M
Free cashflow
-28.84 M
Revenue
39.2 M
Gross profit
N/A
Profit margin
0.11%
Ebitda
N/A
P/E Ratio
N/ADividend yield
0.00%
Projects and resources
View all projectsLoading map...
Crean Hill
PEANone
Primary metal:Nickel
Location:Canada
Status:Development
Deposit type:Uncertain
Ownership:Magna Mining Inc
Shakespeare
FSOpen pit
Primary metal:Nickel
Location:Canada
Status:Development
Deposit type:Uncertain
Ownership:Magna Mining Inc
Company News
- Magna Mining Reports Third Quarter 2025 Financial ResultsSudbury, Ontario Magna Mining Inc. (TSXV: NICU) (OTCQX: MGMNF) (FSE: 8YD) (the "Company" or "Magna") is pleased to report third quarter 2025 financial results. Management will host a conference call tomorrow, November 26, 2025, at 8:00am EST to di...Nov 25, 2025
- Magna Mining Reports Mineral Resource Estimate for the Levack Mine in Sudbury, OntarioSudbury, Ontario Magna Mining Inc. (TSXV: NICU) (OTCQX: MGMNF) (FSE: 8YD) ("Magna" or the "Company") is pleased to announce the results of a Mineral Resource Estimate ("MRE") prepared in accordance with National Instrument 43-101 - Standards of Di...Nov 18, 2025
- Magna Mining Reports Multiple Copper, Nickel and Precious Metal Rich Intersections from the R2 Target at the Levack Mine in Sudbury, OntarioSudbury, Ontario Magna Mining Inc. (TSXV: NICU) (OTCQX: MGMNF) (FSE: 8YD) ("Magna" or the "Company") is pleased to provide an update on exploration activities and assay results from ongoing exploration at the past-producing Levack Mine, located in...Oct 23, 2025
- Magna Mining Announces Q3 Production ResultsSudbury, Ontario Magna Mining Inc. (TSXV: NICU) (OTCQX: MGMNF) (FSE: 8YD) ("Magna" or the "Company") is pleased to announce Q3 2025 production results from the McCreedy West Mine, located in the North Range of the Sudbury Basin, northeastern Ontar...Oct 22, 2025
- Magna Mining Announces Closing of Brokered Offering of Common Shares for Gross Proceeds of Approximately $50 MillionSudbury, Ontario Magna Mining Inc. (TSXV: NICU) (OTCQX: MGMNF) (FSE: 8YD) ("Magna" or the "Company") is pleased to announce the closing of its previously announced "best efforts" private placement (the "Offering") for aggregate gross proceeds of a...Sep 19, 2025
- Magna Mining Announces Appointment of Greg Huffman to Senior Vice President, Capital MarketsSudbury, Ontario Magna Mining Inc. (TSXV: NICU) (OTCQX: MGMNF) (FSE: 8YD) ("Magna" or the "Company") is pleased to announce the appointment of Greg Huffman as Senior Vice President, Capital Markets, effective September 17, 2025.Sep 17, 2025
- Magna Mining Announces Brokered LIFE Offering of Common Shares for Gross Proceeds of up to $45 MillionNOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES The Offered Shares will be offered in each of the provinces and territories of Canada (other than Quebec) pursuant to the “listed issuer financing ex...Sep 5, 2025
- Magna Mining Announces Grants of Security-Based CompensationSudbury, Ontario Magna Mining Inc. (TSXV: NICU) (OTCQX: MGMNF) (FSE: 8YD) ("Magna" or the "Company") announces the following grants of security-based compensation to non-executive directors of the Company, effective September 4, 2025.Sep 4, 2025
- Magna Mining Intersects 29.2% Cu, 0.9% Ni, 53.0 g/t Pt + Pd + Au Over 1.0 Metre, 140 Metres Downdip of Previous Intersection Below the No. 3 Zone at the Levack Mine in Sudbury, OntarioSudbury, Ontario Magna Mining Inc. (TSXV: NICU) (OTCQX: MGMNF) (FSE: 8YD) ("Magna" or the "Company") is pleased to provide an update on exploration activities and assay results from ongoing exploration at the past-producing Levack Mine, located in...Aug 28, 2025
- Magna Mining Reports Second Quarter 2025 Operating and Financial ResultsSudbury, Ontario Magna Mining Inc. (TSXV: NICU) (OTCQX: MGMNF) (FSE: 8YD) (the "Company" or "Magna") is pleased to report second quarter 2025 operating and financial results. Management will host a conference call tomorrow, August 28, 2025, at 08:...Aug 27, 2025
- CORRECTION: Magna Mining Inc. Second Quarter Financial Results - Conference Call & WebcastIn a previously disseminated version of this news release the headline contained a misspelling of Magna Mining Inc. That has been updated to reflect the correct spelling. No other changes have been made to this release.Aug 25, 2025
- Magna Mining Inc. Second Quarter Financial Results - Conference Call & WebcastSudbury, Ontario Magna Mining Inc. (TSXV: NICU) (OTCQX: MGMNF) (FSE:8YD) (the "Company" or "Magna") is scheduled to release its Q2 2025 financial results and MD A after the market close on Wednesday August 27, 2025.Aug 25, 2025
- Magma Mining Inc. Second Quarter Financial Results - Conference Call & WebcastSudbury, Ontario Magna Mining Inc. (TSXV: NICU) (OTCQX: MGMNF) (FSE:8YD) (the "Company" or "Magna") is scheduled to release its Q2 2025 financial results and MD A after the market close on Wednesday August 27, 2025.Aug 25, 2025
- Magna Mining Intersects Near Surface Contact Nickel Mineralization Grading 2.3% Ni, 0.7% Cu Over 28.0 metres at the Levack MineSudbury, Ontario Magna Mining Inc. (TSXV: NICU) (OTCQX: MGMNF) (FSE: 8YD) ("Magna" or the "Company") is pleased to provide an update on exploration activities and assay results from the ongoing exploration at the Levack Mine (Figure 1).Aug 19, 2025
- Magna Mining Reports 17.9% Cu, 0.6% Ni and 28.1 g/t Pt + Pd + Au over 1.8 Metres in the 700 Footwall Copper Zone at McCreedy West MineSudbury, Ontario Magna Mining Inc. (TSXV: NICU) (OTCQX: MGMNF) (FSE: 8YD) ("Magna" or the "Company") is pleased to announce additional drill results from the McCreedy West mine.Aug 6, 2025
- Magna Mining Announces Closing of Property Acquisition from NorthX Nickel Corp.Sudbury, Ontario Magna Mining Inc. (TSXV: NICU) (OTCQX: MGMNF) (FSE: 8YD) ("Magna" or the "Company") is pleased to report that further to its news release dated December 18, 2024, the Company has completed its acquisition of a portfolio of explora...Jul 21, 2025
- Magna Mining Announces H2 2025 GuidanceSudbury, Ontario Magna Mining Inc. (TSXV: NICU) (OTCQX: MGMNF) (FSE: 8YD) ("Magna" or the "Company") is pleased to announce production and cost guidance for the second half of 2025.Jul 16, 2025
- Magna Mining Continues to Intersect High Grade Mineralization, Including 2.6% Cu, 8.1% Ni, 17.8 g/t Pt + Pd + Au over 0.6m in the Footwall Beneath the Levack No. 3 OrebodySudbury, Ontario Magna Mining Inc. (TSXV: NICU) (OTCQX: MGMNF) (FSE: 8YD) ("Magna" or the "Company") is pleased to provide an update on exploration activities and assay results from the ongoing exploration at the Levack Mine (Figure 1).Jul 9, 2025
- Magna Mining Announces Results of Annual & Special Meeting of ShareholdersSudbury, Ontario Magna Mining Inc. (TSXV: NICU) (OTCQX: MGMNF) (FSE: 8YD) (the "Company" or "Magna") is pleased to announce the results of its Annual Special Meeting of Shareholders (the "Meeting") held on June 26.Jun 27, 2025
- Magna Mining Announces Funding Award from the Critical Minerals Innovation Fund (CMIF)Sudbury, Ontario Magna Mining Inc. (TSXV: NICU) (OTCQX: MGMNF) (FSE: 8YD) (the "Company" or "Magna") is pleased to announce that the Ontario government has awarded funding for up to C$500,000 for work on the Company's Crean Hill project.Jun 23, 2025
- Magna Mining Announces New Drill Results from McCreedy West and Recognition from the Government of OntarioSudbury, Ontario Magna Mining Inc. (TSXV: NICU) (OTCQX: MGMNF) (FSE: 8YD) ("Magna" or the "Company") is pleased to announce additional drill results from the McCreedy West mine, including 3.0% Cu, 0.4% Ni, 9.1 g/t Pt + Pd + Au over 10.Jun 10, 2025
- Magna Mining Reports First Quarter 2025 Operating and Financial ResultsSudbury, Ontario Magna Mining Inc. (TSXV: NICU) (OTCQX: MGMNF) (FSE: 8YD) (the "Company" or "Magna") is pleased to report first quarter 2025 operating and financial results. Management will host a conference call tomorrow, May 30, 2025, at 08:00 a.May 29, 2025
- Magna Mining Announces Upgrade to OTCQX and Quarterly Results Conference Call & WebcastSudbury, Ontario Magna Mining Inc. (TSXV: NICU) (OTCQX: MGMNF) (FSE: 8YD) (the "Company" or "Magna") is pleased to announce that the company has qualified to trade on the OTCQX® Best Market, and begins trading today on OTCQX under the symbol "MGMN...May 28, 2025
- Magna Mining Intersects 24.0% Cu, 1.2% Ni & 6.7 g/t Pt + Pd + Au over 2.0 Metres at Levack MineSudbury, Ontario Magna Mining Inc. (TSXV: NICU) (OTCQB: MGMNF) (FSE: 8YD) ("Magna" or the "Company") is pleased to announce additional assay results from the ongoing diamond drilling programs at both Levack and McCreedy West mines (Figure 1).Apr 30, 2025
