Canadian Manganese Company Inc - Mining Stock Analysis & Updates
Latest News and Market Performance for Canadian Manganese Company Inc
Perm ID: 1-5038038791
https://www.canadianmanganese.com/
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Canadian Manganese Announces Delay in Filing Year End Audited Financial Statements, Issuance of Cease Trade-Order
Canadian Manganese Company Inc. announces a delay in filing its 2024 financial statements due to late audit commencement linked to unpaid fees and delayed royalty financing. The company expects to submit the required filings by the end of April 2025.
Canadian Manganese Provides Update on Royalty Financing and Annnounces Results of Annual and Special Meeting of Shareholders and Appointment of New Board Chair
Canadian Manganese Company Inc. (CDMN) has provided an update on its gross revenue royalty agreement with Leventis Capital Pte Ltd. Initially, Leventis was to buy a 3% royalty in two tranches for a total of US$15,000,000. The agreement was later adjusted to a single transaction of a 2% royalty for US$10,000,000. CDMN has the option to repurchase the 2% royalty at any time for US$15,000,000, with additional payments required if the option isn't exercised by certain dates. The company also announced the voting results of its annual general and special meeting held on June 25, 2024.
Canadian Manganese Reports Third Quarter 2024 Financial Results
Canadian Manganese Company Inc. reported a loss of $860,926 in its third quarter financial results ending September 30, 2024, focusing on advancing the Woodstock manganese project in New Brunswick. This loss included expenses related to interest and corporate development. In comparison, the company recorded a loss of $374,506 in the same period last year. As of September 2024, the company held exploration and evaluation assets valued at $17,545,804.
