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Canadian Manganese Company Inc CDMNF


Primary Symbol: N.CDMN

Metals & Mining Industrial Metals & Minerals
Canadian Manganese Company Inc. is a Canadian critical mineral development company. The Company is focused on supplying high-purity manganese sulfate monohydrate (HPMSM), which is a critical component of rechargeable lithium-ion batteries used in electric vehicles. The Woodstock Project is located within Carleton County, approximately five kilometers west of the town of Woodstock in west-central New Brunswick. The Woodstock Project comprises mineral claims covering approximately 58 square kilometers (km2) and encompasses the Plymouth deposit. Manganese at the Plymouth deposit predominately occurs as a manganese carbonate. In addition, the Woodstock Project hosts several historical undeveloped deposits, including the North Hartford and South Hartford deposits located less than two kilometers on strike to the north of the Plymouth deposit. Its properties also include Maximos nickel property and Mongoose Cobequid iron oxide-copper-gold (IOCG) property.


NEO:CDMN - Post by User

Canadian Manganese Company Inc
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Post by Betteryear2on Apr 02, 2024 12:50pm
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Post# 35965460

Canadian Manganese Secures Non-Dilutive Royalty Financing

Canadian Manganese Secures Non-Dilutive Royalty FinancingToronto, Ontario--(Newsfile Corp. - April 2, 2024) - Canadian Manganese Company Inc. (CBOE CA: CDMN) ("CDMN" or the "Company") is pleased to announce that it has agreed to sell a three percent (3%) gross revenue royalty ("GRR") on its Woodstock Manganese Project to Leventis Capital Pte. Ltd. ("Leventis" or the "Royalty Holder"), an arm's length party to the Company, for US$15,000,000 in cash. Completion of the transaction is expected to close on or about April 25, 2024, subject to certain conditions including regulatory approval, approval of the registration of the royalty against the Woodstock Project and the completion of confirmatory due diligence by the Royalty Holder.

Canadian Manganese Secures Non-Dilutive Royalty Financing on Woodstock Manganese Project (newsfilecorp.com)
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