Bullboard - Stock Discussion Forum 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... see more

Add To Watchlist

NEO:CDMN - Post Discussion

Canadian Manganese Company Inc > Canadian Manganese Secures Non-Dilutive Royalty Financing

View:

Post by Betteryear2 on Apr 02, 2024 12:50pm

Canadian Manganese Secures Non-Dilutive Royalty Financing

Toronto, 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)

179