We demonstrate that it is possible to efficiently control ultracold chemical reactions of alkali-metal atoms colliding with open-shell alkali-metal dimers in their metastable triplet states by choosing the internal hyperfine and rovibrational states of the reactants as well as by inducing magnetic Feshbach resonances with an external magnetic field. We base these conclusions on coupled-channel statistical calculations that include the effects of hyperfine contact and magnetic-field-induced Zeeman interactions on ultracold chemical reactions of hyperfine-resolved ground-state Na and the triplet NaLi(a^{3}Σ^{+}) producing singlet Na_{2}(^{1}Σ_{g}^{+}) and a Li atom. We find that the reaction rates are sensitive to the initial hyperfine states of the reactants. The chemical reaction of fully spin-polarized, high-spin states of rotationless NaLi(a^{3}Σ^{+},v=0,N=0) molecules with fully spin-polarized Na is suppressed by a factor of 10-100 compared to that of unpolarized reactants. We interpret these findings within the adiabatic state model, which treats the reaction as a sequence of nonadiabatic transitions between the initial nonreactive high-spin state and the final low-spin states of the reaction complex. In addition, we show that magnetic Feshbach resonances can similarly change reaction rate coefficients by several orders of magnitude. Some of these resonances are due to resonant trimer bound states dissociating to the N=2 rotational state of NaLi(a^{3}Σ^{+},v=0) and would thus exist in systems without hyperfine interactions.