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The company was formed in 2016 and in early 2017, acquired Ursa Major Minerals, a private company that owned the past producing Shakespeare Mine and Shining Tree project. Shakespeare is situated 70 km to the south-west of the Sudbury Basin. Magna has since assembled a contiguous land package of over 180km², much of which has seen little exploration work and yet remains prospective for further nickel, copper and PGM discoveries.
Woodland Resources Ltd is a Calgary, AB-based company in the Agriculture and Mining sector.
Hudson Resources is a Canadian based mining and technology company focused on developing the unique anorthosite (calcium feldspar) mine at White Mountain (Qaqortorsuaq) in Greenland.
American Nickeloid Company is a Peru, IL-based company in the Agriculture and Mining sector.
Bentonite Performance Minerals is a Belle Fourche, SD-based company in the Agriculture and Mining sector.