MAGNA MINING Business Summary

Magna Mining Inc. (MGMNF) is a base and precious metals producer that generates revenue through the extraction and sale of copper, nickel, and platinum group metals (PGMs) within Ontario’s prolific Sudbury Basin. The company’s primary business segments are categorized into active production, near-term development, and district-scale exploration. Its flagship revenue driver is the McCreedy West Mine, which has a 2026 production guidance of 16.0 to 18.0 million pounds of copper equivalent (CuEq) primarily from the 700 Copper Zone. Magna is simultaneously advancing a Preliminary Economic Assessment (PEA) for the Levack Mine and a Pre-Feasibility Study (PFS) for the Crean Hill Project, both slated for completion in Q3 2026. Positioned as a nimble consolidator of non-core assets, Magna is one of only three major property holders in the Sudbury Basin alongside global giants Vale and Glencore, competing directly for regional resources and infrastructure synergies against peers such as Wallbridge Mining and New Age Metals. The leadership team is anchored by CEO Jason Jessup and SVP of Exploration David King, both of whom carry significant pedigree from FNX Mining, a firm renowned for successfully reviving past-producing assets in the Sudbury region. Operations are overseen by COO Jeff Huffman, formerly of Dumas Contracting, while financial strategy is led by CFO Scott Gilbert, who previously served as CFO at Wesdome Gold Mines. The executive suite is further strengthened by SVP and General Counsel Tim Bradburn, an IAMGOLD veteran. The company is backed by a high-profile board and strategic investors, most notably Dundee Corporation, represented by Independent Director Jonathan Goodman (President and CEO of Dundee Corp). Chairman Vern Baker, former CEO of Jaguar Mining, provides additional deep-tier operational oversight, ensuring the team maintains its reputation as a technically proficient operator in one of the world’s most established mining camps.