Magna Mining: Funding, Investors & Team (Sep 2026)

Magna Mining is a nickel exploration and development company focused on the historic nickel producing region of Sudbury, Ontario. The flagship assets are the past producing Shakespeare and Crean Hill Mines, located on the south west side of the Sudbury Basin. The Shakespeare project retains major permits to re-commence production and for the construction of a 4,500 t/d mine, mill and tailings storage facility. The Crean Hill Mine was historically operated by INCO and produced nickel and copper for over 80 years. The company has three growth objectives; 1) To develop and build the Shakespeare mine and mill, 2) To continue to grow the NI-Cu-PGM resources at both Shakespeare and Crean Hill, and 3) To make significant new nickel discoveries at both projects. In the longer term, the development of Shakespeare (which would be only the third processing plant in the Sudbury basin) is expected to facilitate the creation of a hub and spoke production model, and help Magna to achieve their objective of becoming the next new nickel producing company in Canada.

Magna Mining has raised $25.5M across 3 rounds on record. The most recent is an undisclosed round of $1.2M announced in Nov 2025.

Magna Mining's most recent funding round on record is an undisclosed round of $1.2M, announced in Nov 2025.

FundedIQ lists Jason Jessup (Founder) at Magna Mining.

Magna Mining is based in Sudbury, Ontario, Canada.

Magna Mining is in the 1-10 employee band.

Magna Mining's latest round of $1.2M is below the $2.2M median round size for Natural Resources companies on FundedIQ across 620 tracked companies over the last two years.