Canadian Manganese Reports Third Quarter 2024 Financial Results
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 (CBOE CA: CDMN) ha pubblicato i risultati finanziari del terzo trimestre 2024, riportando una perdita di $860,926, rispetto a una perdita di $374,506 nel terzo trimestre 2023. La perdita trimestrale include spese per interessi su obbligazioni convertibili per $182,841, spese di accrescimento di $267,428 e spese di sviluppo aziendale di $94,507. L'azienda continua a portare avanti il suo progetto manganese Woodstock nel New Brunswick. Al 30 settembre 2024, gli attivi di esplorazione e valutazione di CDMN erano valutati a $17,545,804, con il progetto Woodstock che rappresenta $10,517,949 e la proprietà IOCG Cobequid della sussidiaria Mongoose valutata a $7,027,855.
Canadian Manganese Company (CBOE CA: CDMN) ha publicado sus resultados financieros del tercer trimestre de 2024, reportando una pérdida de $860,926, en comparación con una pérdida de $374,506 en el tercer trimestre de 2023. La pérdida trimestral incluye gastos por intereses en bonos convertibles de $182,841, gastos de acumulación de $267,428 y gastos de desarrollo corporativo de $94,507. La compañía continúa avanzando en su proyecto de manganeso Woodstock en New Brunswick. Al 30 de septiembre de 2024, los activos de exploración y evaluación de CDMN estaban valorados en $17,545,804, con el proyecto Woodstock representando $10,517,949 y la propiedad IOCG Cobequid de la subsidiaria Mongoose valorada en $7,027,855.
캐나다 망간 회사 (CBOE CA: CDMN)가 2024년 3분기 재무 결과를 발표하며 $860,926의 손실을 보고했습니다. 이는 2023년 3분기의 손실인 $374,506와 비교됩니다. 분기 손실에는 전환사채 이자 비용 $182,841, 상각비 $267,428 및 기업 개발 비용 $94,507이 포함되어 있습니다. 이 회사는 뉴브런즈윅에서 우드스톡 망간 프로젝트를 계속 추진하고 있습니다. 2024년 9월 30일 기준으로 CDMN의 탐사 및 평가 자산 가치는 $17,545,804이며, 우드스톡 프로젝트가 $10,517,949, 그리고 자회사 몽구스의 코벡퀴드 IOCG 자산이 $7,027,855로 평가됩니다.
Canadian Manganese Company (CBOE CA: CDMN) a publié ses résultats financiers pour le troisième trimestre 2024, rapportant une perte de $860,926, par rapport à une perte de $374,506 au troisième trimestre 2023. La perte trimestrielle comprend des frais d'intérêts sur des débentures convertibles de $182,841, des frais d'accroissement de $267,428 et des frais de développement d'entreprise de $94,507. L'entreprise continue de faire progresser son projet de manganèse Woodstock au Nouveau-Brunswick. Au 30 septembre 2024, les actifs d'exploration et d'évaluation de CDMN étaient évalués à $17,545,804, le projet Woodstock représentant $10,517,949 et la propriété IOCG Cobequid de la filiale Mongoose étant évaluée à $7,027,855.
Canadian Manganese Company (CBOE CA: CDMN) hat ihre Finanzzahlen für das 3. Quartal 2024 veröffentlicht und einen Verlust von $860,926 gemeldet, verglichen mit einem Verlust von $374,506 im 3. Quartal 2023. Der quartalsweise Verlust umfasst Zinsaufwendungen auf wandelbare Anleihen in Höhe von $182,841, Abschreibungskosten von $267,428 und Unternehmensentwicklungskosten von $94,507. Das Unternehmen setzt die Fortschritte bei seinem Woodstock-Mangan-Projekt in New Brunswick fort. Zum 30. September 2024 wurden die Explorations- und Bewertungsaktiva von CDMN auf $17,545,804 geschätzt, wobei das Woodstock-Projekt $10,517,949 ausmacht und die IOCG-Eigenschaft Cobequid der Tochtergesellschaft Mongoose mit $7,027,855 bewertet wurde.
- Maintains substantial exploration assets valued at $17.5M
- Continued development of strategic Woodstock manganese project
- Q3 2024 loss increased by 130% to $860,926 compared to Q3 2023
- Significant interest and accretion expenses from convertible debenture totaling $450,269
Toronto, Ontario--(Newsfile Corp. - November 14, 2024) - Canadian Manganese Company Inc. (CBOE CA: CDMN) ("CDMN" or the "Company") reports its financial results for the third quarter ended September 30, 2024.
This news release should be read in conjunction with the Company's condensed interim consolidated financial statements and associated management's discussion and analysis for the three and nine months ended September 30, 2024, which are available on the Company's website at www.CanadianManganese.com or under the Company's profile at www.sedarplus.ca.
FINANCIAL RESULTS FOR THE THIRD QUARTER ENDED SEPTEMBER 30, 2024
During the third quarter of 2024 the Company continued its focus of advancing the Woodstock manganese project, which includes the adjacent Plymouth and Hartford deposits, near Woodstock, New Brunswick.
During the third quarter, the Company recorded a loss of
At September 30, 2024, the Company held exploration and evaluation assets with a carrying value of
ABOUT CANADIAN MANGANESE
CDMN is a Canadian critical mineral development company aiming to become a supplier of high-purity manganese metal products for the rechargeable battery industry. CDMN holds the Woodstock Project in New Brunswick.
For further information:
Investors@CanadianManganese.com
www.CanadianManganese.com
Matthew Allas: President and CEO +1 647 338 3748
Cboe Canada has neither approved nor disapproved the contents of this news release and accepts no responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/230082
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