Magna Mining Announces Conditional Approval to Graduate to the Toronto Stock Exchange

Magna Mining Inc. has achieved a significant corporate milestone with conditional approval to graduate from the TSX Venture Exchange to the Toronto Stock Exchange, pending completion of final requirements by July 29, 2026. This graduation represents a key strategic objective for the company and is expected to provide enhanced visibility, broader investor access, and potential inclusion in various indices.

The company is currently operating its McCreedy West copper-precious metals mine in the Sudbury district and is evaluating the return of nickel mining operations at the property given recent improvements in nickel prices. Operational momentum continues at this producing asset, providing cash flow while the company advances its development pipeline.

Magna is progressing multiple development initiatives across its Sudbury portfolio. At the Levack Mine, underground development and exploration activities are proceeding alongside infrastructure refurbishment and preparation of a Preliminary Economic Assessment scheduled for Q3 completion. The Crean Hill project is advancing through surface infrastructure installation with a Pre-Feasibility Study targeted for release at the end of Q3.

The TSX graduation reflects the company's maturation from an exploration-focused entity to an operating mining company with multiple development opportunities. This enhanced capital markets profile should facilitate future financing requirements as Magna executes its strategy of unlocking value across its diversified Sudbury asset base. The company's strategic positioning in the world-class Sudbury mining district, combined with its operational capabilities and development pipeline, supports its objective of creating long-term shareholder value through production growth and exploration success.