Welcome to our dedicated page for Canadian Manganese Company news (Ticker: CDMNF), a resource for investors and traders seeking the latest updates and insights on Canadian Manganese Company stock.
Canadian Manganese Company Inc (CDMNF) delivers critical manganese resources for modern battery technologies through its flagship Woodstock Project and strategic exploration assets. This news hub provides investors and industry stakeholders with essential updates on the company’s progress in North America’s evolving battery materials sector.
Track all official announcements including project development milestones, financial results, and operational strategies. Our curated collection features:
• Exploration updates from key manganese deposits
• Partnership announcements with battery manufacturers
• Financial disclosures and capital raising initiatives
• Technical advancements in mineral processing
Bookmark this page for direct access to verified information about CDMNF’s role in sustainable energy supply chains. Monitor developments in high-purity manganese production – a critical mineral essential for electric vehicle batteries and grid storage systems.
Canadian Manganese (CDMN) has announced a delay in filing its required year-end 2024 financial documents, leading to a cease-trade order from the Ontario Securities Commission on April 4, 2025. The delay stems from two key factors: the postponed closing of a previously announced royalty financing and the need to consolidate financial statements with its subsidiary Mongoose Mining
The audit delay was primarily caused by late payments of previous year's auditor fees by both CDMN and Mongoose, which has now been resolved through director loans. McGovern Hurley LLP, the company's auditor, couldn't complete both audits by the March 31, 2025 deadline. The company expects to file the required documents by end of April 2025.
The cease-trade order prohibits trading of CDMN securities in Canada, with an exception for certain beneficial securityholders who acquired shares before April 4, 2025, allowing them to sell through foreign organized regulated markets via registered investment dealers.
Canadian Manganese Company (CBOE CA: CDMN) has revised its royalty financing agreement with Leventis Capital, now structured as a single 2% Gross Revenue Royalty (GRR) transaction for US$10 million, expected to close by November 28, 2024. The company will have a buyback option for US$15 million, requiring additional payments every three years if not exercised. At their annual meeting, shareholders approved increasing stock option plan reserves to 20%, restricted share unit plan to 5%, and elected new directors. John Allan has been appointed as the new Board Chair, replacing John Kearney who remains a director.
Canadian Manganese Company (CBOE CA: CDMN) has released its Q3 2024 financial results, reporting a loss of $860,926, compared to a loss of $374,506 in Q3 2023. The quarterly loss includes interest expense on convertible debenture of $182,841, accretion expense of $267,428, and corporate development expenses of $94,507. The company continues to advance its Woodstock manganese project in New Brunswick. As of September 30, 2024, CDMN's exploration and evaluation assets were valued at $17,545,804, with the Woodstock project accounting for $10,517,949 and subsidiary Mongoose's Cobequid IOCG property valued at $7,027,855.
Canadian Manganese Company Inc. (CBOE CA: CDMN) has reported its financial results for the second quarter ended June 30, 2024. The company recorded a loss of $768,601, which included interest expense on convertible debenture of $178,658, accretion expense on convertible debenture of $237,170, and corporate development expenses of $87,040. This compares to a loss of $454,592 in the previous year's second quarter.
CDMN's main focus remains on advancing the Woodstock manganese project in New Brunswick. As of June 30, 2024, the company held exploration and evaluation assets valued at $17,484,799, including the Woodstock project ($10,456,944) and the Cobequid IOCG property in Nova Scotia ($7,027,855).
The company has also provided an update on its royalty financing agreement with Leventis Capital Pte The initial plan to sell a 3% gross revenue royalty for US$15,000,000 has been modified to two separate transactions of 1.5% each for US$7,500,000. The first tranche is expected to close by the end of August 2024.
Canadian Manganese (CBOE CA: CDMN) announced its Q1 2024 financial results, reporting a net loss of $736,276 compared to $492,804 in Q1 2023. Key expense contributors included $179,223 in interest on convertible debt, $217,151 in accretion expense, and $92,906 in corporate development expenses. The company holds exploration and evaluation assets valued at $17,444,529, primarily focused on the Woodstock manganese project in New Brunswick. Additionally, Canadian Manganese agreed to a 3% gross revenue royalty on the Woodstock Project for $15 million, expected to close by May 2024. This will enable the redemption of a $5 million convertible debenture. The company also granted 3 million stock options to its management and service providers, exercisable at $0.10 per share until May 2029.
