By Robb M. Stewart
Magna Mining has conditional approval to migrate to the Toronto Stock Exchange's boards from the junior TSX Venture Exchange.
The mining company said it received the conditional okay to list on the Toronto exchange, with final approval subject to it fulfilling all the necessary requirements of the TSX, including receipt of all needed documentation on or before July 29. It expects to be delisted from the venture exchange when it graduates to the TSX.
A listing on the Toronto exchange will provide greater visibility and access to a wider range of potential investors, as well as the opportunity to be included in various indices, Magna Chief Executive Jason Jessup said.
The company has a portfolio of assets in the Sudbury mining district of Ontario. Jessup said that as production continues at Magna's flagship McCreedy West copper-precious metals mine, the company is actively evaluating the return of nickel mining operations at the site given a recent improvement in nickel prices.
At Magna's Levack mine, the company said it is advancing toward a restart decision, with active underground development and exploration underway in parallel with a refurbishment of hoisting infrastructure and the preparation of a preliminary economic assessment that is set to be completed in the third quarter.
At Crean Hill, Magna said it continued with surface infrastructure installation along with the advancement of a pre-feasibility study targeted to be released at the end of the third quarter.
Write to Robb M. Stewart at robb.stewart@wsj.com
(END) Dow Jones Newswires
May 04, 2026 07:46 ET (11:46 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
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