Canadian Manganese Company Inc.
CDMN.NE
CBOE CA0.03
CAD
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Canadian Manganese Company Inc.
CDMN.NE
(CBOE CA)
Recent
price
0.03
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ratio
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div
yld
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ROIC.AI
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- Business
- Canadian Manganese Company Inc. (CDMN.NE) is a Canadian mineral exploration and development company focused on advancing its wholly owned Woodstock manganese project in New Brunswick; the project encompasses the Plymouth deposit and adjacent historical deposits including North Hartford and South Hartford, covering approximately 58 square kilometers adjacent to the U.S. border. The company aims to produce high purity manganese sulphate monohydrate (HPMSM) for the lithium-ion battery industry, targeting electric vehicle supply chains with an emphasis on ESG leadership; it also holds interests in nickel through its 100%-owned subsidiary Technology Metals Inc. and a 40.5% stake in Mongoose Mining Ltd., which owns Spark Minerals Inc. for iron oxide-copper-gold exploration. Founded in 2011 and headquartered at 55 University Avenue, Suite 1805, Toronto, Ontario, the company's operations center on Western New Brunswick, with strategic proximity to the St. Lawrence Seaway and Atlantic Ocean for North American market supply. In 2024, Canadian Manganese advanced non-dilutive royalty financing with Leventis Capital Pte Ltd., completing a 1.5% gross revenue royalty sale for US$7.5 million to redeem its C$5 million convertible debenture, with plans for an additional 1.5% tranche for another US$7.5 million; it reported Q3 2024 financial results showing a net loss of $860,926 amid ongoing project advancement, followed by a delay in 2024 year-end filings due to royalty closing postponements and subsidiary consolidations, resulting in a cease-trade order from the Ontario Securities Commission in April 2025.