Value Hive Podcast [REPLAY] Jason Jessup (Pt. 2): Thinking Bigger Than FNX Mining
Oct 9, 2026
Jason Jessup, CEO of Sudbury-focused Magna Mining and former FNX Mining executive, returns to discuss ambitions far beyond recreating FNX. He outlines Magna’s three-pillar growth strategy, the R2 polymetallic discovery, nickel optionality, low-capex expansion, and plans for multiple operating mines. They also explore entrepreneurial culture, talent, acquisitions, milling independence, and the path toward becoming a major Canadian mining company.
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Magna’s Three Pillar Growth Strategy
- Magna’s growth rests on production, exploration, and acquiring non-core assets rather than a single transformational bet.
- Jason Jessup prioritized stabilizing McCready West so it can generate cash flow in 2026 and fund future projects.
Building Culture In A Mining Company
- Mining culture comes from repeated behaviors, not office perks, and Magna anchors it in safety, integrity, excellence, and ownership.
- Jessup grew the workforce from 25 people to more than 200 while reinforcing those values through communication and example.
Hire The Right People Before You Need Them
- Hire exceptional people even before a formal position exists because strong employees can steer the company toward its intended future.
- Magna avoids filling seats with mediocre candidates and waits for people who fit its core values.