Magna Mining Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Jason Jessup

Chief executive officer

CA$172.5k

Total compensation

CEO salary percentage	94.2%
CEO tenure	3yrs
CEO ownership	6.4%
Management average tenure	1.7yrs
Board average tenure	3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Jason Jessup's remuneration changed compared to Magna Mining's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	-CA$10m
Sep 30 2023	n/a	n/a	-CA$26m
Jun 30 2023	n/a	n/a	-CA$24m
Mar 31 2023	n/a	n/a	-CA$23m
Dec 31 2022	CA$173k	CA$163k	-CA$22m
Sep 30 2022	n/a	n/a	-CA$5m
Jun 30 2022	n/a	n/a	-CA$6m
Mar 31 2022	n/a	n/a	-CA$8m
Dec 31 2021	CA$156k	CA$156k	-CA$7m
Sep 30 2021	n/a	n/a	-CA$6m
Jun 30 2021	n/a	n/a	-CA$4m
Mar 31 2021	n/a	n/a	-CA$1m
Dec 31 2020	CA$7k	n/a	-CA$1m

Compensation vs Market: Jason's total compensation ($USD126.10K) is about average for companies of similar size in the Canadian market ($USD175.44K).

Compensation vs Earnings: Jason's compensation has increased whilst the company is unprofitable.

CEO

Jason Jessup

3yrs

Tenure

CA$172,500

Compensation

Mr. Jason David Jessup, MBA, co-founded Magna Mining in 2016. He serves as Chief Executive Officer and Director Magna Mining Inc. since May 4, 2021. He serves as Independent Director at Dryden Gold Corp. H...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Jason Jessup	CEO & Director	3yrs	CA$172.50k	6.38% CA$ 9.1m
Paul Fowler	Senior VP & Corporate Secretary	no data	CA$160.45k	0.72% CA$ 1.0m
Ann-Marie Finney	Chief Financial Officer	less than a year	no data	no data
Jeff Huffman	Chief Operating Officer	less than a year	no data	0.055% CA$ 78.7k
David King	Senior Vice President of Technical Services	1.7yrs	no data	no data
Mynyr Hoxha	Vice President of Exploration	3.3yrs	no data	0.041% CA$ 58.8k

1.7yrs

Average Tenure

Experienced Management: NICU's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Jason Jessup	CEO & Director	3yrs	CA$172.50k	6.38% CA$ 9.1m
Jonathan Goodman	Independent Director	2.2yrs	CA$18.00k	no data
John Seaman	Independent Director	3yrs	CA$24.00k	0.30% CA$ 424.2k
Carl DeLuca	Independent Director	3yrs	CA$24.00k	0.18% CA$ 250.2k
Vernon Baker	Independent Chairman	3yrs	CA$24.00k	2.77% CA$ 3.9m

3.0yrs

Average Tenure

55yo

Average Age

Experienced Board: NICU's board of directors are considered experienced (3 years average tenure).

Magna Mining Management

Management criteria checks 2/4

Key information

Recent management updates

Magna Mining Inc., Annual General Meeting, Jun 20, 2024

Magna Mining Inc. Appoints Jeff Huffman as Chief Operating Officer

Independent Director exercised options to buy CA$80k worth of stock.

Independent Director exercised options to buy CA$68k worth of stock.

Magna Mining Inc. Announces That Derrick Weyrauch Did Not Stand for Re-Election as A Director of the Company

Less than half of directors are independent

Recent updates

Magna Mining Inc., Annual General Meeting, Jun 20, 2024

Magna Mining Inc. Provides Additional Drilling Results from the 2024 Exploration Program at Crean Hill

New minor risk - Profitability

Magna Mining Inc. Provides an Update on the 2024 Exploration Activities

Magna Mining Inc. Appoints Jeff Huffman as Chief Operating Officer

Independent Director exercised options to buy CA$80k worth of stock.

Forecast to breakeven in 2025

Independent Director exercised options to buy CA$68k worth of stock.

Price target decreased by 7.8% to CA$1.76

Magna Mining Inc. Intersects 5% Nickel Equivalent over 7 Metres in the 105 Footwall Zone at Crean Hill

Price target decreased by 12% to CA$1.97

Magna Mining Completes Preliminary Economic Assessment on the Crean Hill Project

Magna Mining Inc. Releases Additional Assay Results from the Ongoing 2023 Diamond Drilling Program

New major risk - Financial position

Magna Mining Inc. Announces That Derrick Weyrauch Did Not Stand for Re-Election as A Director of the Company

Magna Mining Announces High-Grade Intercepts Near Surface in the 109 Footwall Zone

Magna Mining Inc. Reports New Assay Results from Crean Hill

Magna Mining Inc. announced that it has received CAD 17.949998 million in funding from Dundee Resources Limited

Magna Mining Inc. announced that it expects to receive CAD 15.999998 million in funding

Mineralization Intersects over 98M Including 3.7% Ni, 2.8% Cu and 20.2 G/T Pt+Pd+Au over 7.1M

Magna Mining Inc Announces Additional Assays Received from the November 2022 Drill Program at Crean Hill

Magna Mining Inc. Intersects 3.8% Nickel, 1.8% Copper, & 0.5 g/t PT+PD+AU over 10.8 Metres, Including 6.0% Nickel, 0.3% Copper, & 0.7 g/t Pt+PD+AU over 5.8 Metres

Magna Mining Inc. (TSXV:NICU) acquired Shining Tree Nickel Project in Ontario.

Magna Mining Inc. Announces That Drilling Has Commenced At the Crean Hill Mine, Part of the Denison Project

Price target increased to CA$1.50

Less than half of directors are independent

Magna Mining Announces Initial Mineral Resource Estimate on the Denison Project Containing A Total Indicated Mineral Resource of over 31 Million Tonnes

Magna Mining Inc. announced that it has received CAD 20.014792 million in funding

Magna Mining Inc. Announces the Assay Results from Recent Drilling At the Shakespeare Mine

Magna Mining Inc. announced that it has received CAD 20.014792 million in funding from Hawke's Point Holdings II Limited and others

Magna Mining Inc. announced that it expects to receive CAD 20 million in funding

Price target decreased to CA$1.00

Less than half of directors are independent

Magna Mining Inc. (TSXV:NICU) entered into a definitive share purchase agreement to acquire 100% of Lonmin Canada Inc. from Sibanye UK Limited, Wallbridge Mining Company Limited (TSX:WM) and certain other minority shareholders of Loncan for $16 million.

Magna Mining Inc. (TSXV:NICU) entered into a definitive share purchase agreement to acquire 100% of Lonmin Canada Inc. from Sibanye UK Limited, Wallbridge Mining Company Limited (TSX:WM) and certain other minority shareholders of Loncan for $16 million.

Less than half of directors are independent

Magna Mining Inc. Announces the Appointment of Jonathan Goodman to its Board of Directors

Magna Mining Inc., Annual General Meeting, May 30, 2022

Magna Mining Inc.'s Shakespeare Nickel Project Feasibility Study Demonstrates Positive Economics and Carbon Neutral Nickel Mining Operation

Magna Mining Inc's Shakespeare Nickel Project Feasibility Study Demonstrates Positive Economics and Carbon Neutral Nickel Mining Operation

Magna Mining Inc. Announces the Assay Results from Nine Holes Drilled At the Shakespeare Mine During the 2021 Drilling Program

Magna Mining Inc. Reports New Nickel - Copper - PGM Discovery at the Shakespeare Project, Ontario, Canada

Magna Mining Reports High Grade Surface Samples on the Baldwin Patents Portion of the Shakespeare Ni-Cu-PGM Project, Ontario, Canada

Magna Mining Inc. Updates on Exploration Activities At the Shakespeare Nickel-Copper-Pgm Project

Magna Mining's Initial 2021 Drilling Intersects 33.8 Metres of Ni-Cu-PGM Mineralization in the Gap Zone at the Shakespeare Project, Ontario, Canada

Magna Mining Inc. (TSXV:NICU) agreed to acquire 50% stake in Eight Patented claims in Baldwin Township for CAD 0.08 million

Magna Mining Corp. Commences the Planned 9,000 Metre, Phase I Drilling Program At Its Shakespeare Project, Located Near Sudbury, Ontario

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Board Members

Average Tenure

Average Age