Magna Mining CEO Jason Jessup joins the discussion to explain how the company is advancing and consolidating high-grade copper and nickel assets in Ontario's prolific Sudbury Basin.
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Recording Date 3-5-2026. With a growing production base and a portfolio of past-producing mines, Magna is building a scalable strategy focused on low-capital restarts and strategic acquisitions.
Jessup outlines Magna Mining's current position with roughly a C$700M market cap, about C$63M in cash, and a $24M convertible note financing. The company's producing McCreedy West mine is currently delivering around 1,000 tonnes per day, selling ore to Vale's Clarabelle mill to avoid the capital cost of building its own processing facility. The next major project expected to restart is the Levack mine, with a PEA expected in Q3. Additional growth projects include Crean Hill, where a pre-feasibility study and infrastructure work are underway, and Podolsky, which hosts high-grade copper zones near surface. Shakespeare remains in the pipeline but is deferred while the company prioritizes lower-capex opportunities.
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Key Insights in this episode
✅ Magna Mining is advancing high-grade copper and nickel assets in Ontario's Sudbury Basin.
✅ The company has about C$700M market cap and ~C$63M cash, with only a $24M convertible note.
✅ McCreedy West is producing about 1,000 tonnes per day, mostly copper.
✅ Magna sells ore to Vale's Clarabelle mill, keeping capital costs low.
✅ The Levack mine restart is the next major milestone, with a PEA expected in Q3.
✅ Crean Hill is advancing toward a pre-feasibility study with infrastructure work underway.
✅ Podolsky offers potential high-grade copper near surface.
✅ Magna is pursuing more acquisitions in the Sudbury Basin to grow production.
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Chapters
00:00 Magna Mining Overview
00:31 Jason Jessup & Sudbury Basin Strategy
01:23 Magna's Market Cap, Cash, Debt
02:14 FNX Mining Background & Team Track Record
07:46 McCreedy West Producing Mine
10:42 Ownership & Insider Shareholdings
12:47 Project Pipeline Overview
15:37 Levack Mine Restart & Nickel Exposure
19:15 Crean Hill Project Development
22:06 Podolsky High-Grade Copper Potential
24:43 Shakespeare Project Status
25:39 Key Questions & Future Growth
27:27 How to Contact Magna Mining
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