Cullinan Metals Corp V.CMT

Primary Symbol: C.CMT Alternate Symbol(s): CMTNF

Cullinan Metals Corp. is a Canadian mining and exploration company focused on the development of energy metals. The Company is focused on energy resources, such as copper, graphite and lithium assets. Its projects include Smiley Lithium Project, Lac-Des-Iles West Graphite Project and Wakeman Lake Lithium Project. The Smiley Lithium Property consists of around five mining claims comprising approximately 1,902 hectares located 55 kilometers (km) north of Thunder Bay, Ontario. The Smiley Lake Lithium property is located in northwestern Ontario where numerous lithium deposits have been delineated to host significant reserves of lithium oxide (Li2O). The Lac-Des-Iles West Graphite Project consists of around 43 mineral claims in one contiguous block covering approximately 2276 hectares land, near the town of Mont-Laurier in southern Quebec. The highly prospective Wakeman Lake Lithium Project covers approximately 7,900 acres and is located in Northwestern Ontario.

CSE:CMT - Post by User

Cullinan Metals Corp > Next financials should be interesting

<< Previous

Bullboard Posts

Next >>

Comment by mystique1on Mar 19, 2020 9:43pm

131 Views

Post# 30828917

RE:Next financials should be interesting

Sopra.....................OSC asked Hexo to further explain some parts of its MD&A filing. Some very interesting disclosures that look common and fitting elsewhere........

""""""""The Amended MD&A were filed to address comments received from OSC Staff and in order to improve the Company’s disclosure. In particular, among other changes, the Amended MD&A have been revised:

to clarify and provide additional disclosure about the Company’s facilities including its plans for the facilities, the status of facilities including construction and licensing, and incurred and expected additional capital expenditures in respect of the facilities;
to clarify and provide additional disclosure regarding the Company’s impairments and write-offs of inventory, including related events, risks, and uncertainties that the Company reasonably believes may materially affect its future performance;
to clarify and provide additional disclosure regarding the Company’s supply contract with Quebec’s Socit qubcoise du cannabis (the “SQDC”) including details of the Company’s right under the contract for the sale of 20,000kg to the SQDC during the first year of the contract;
to provide additional disclosure about how the Company has used proceeds from certain financings;
to clarify and provide additional disclosure regarding the Company’s use of non-IFRS financial measures; and
to clarify that the suspension of operations at the Company’s Niagara, Ontario facility in October 2019 was completed, as previously disclosed by the Company, as part of its cost-cutting measures to rightsize its operations given current market conditions and over-capacity in the market and with a view to profitability and sustainability.""""""""