Canadian Manganese Company Inc. (CBOE CA: CDMN) is set to close a significant royalty purchase agreement by the end of this month. The company has fulfilled all conditions set forth in the agreement and is preparing for the closing on or before May 31, 2024. This milestone comes after the Company provided a redemption notice to holders of its $5,000,000 principal amount of senior secured convertible debentures, with plans to redeem all debentures on June 15, 2024.
CDMN, a Canadian mineral development company, is focused on becoming a leading supplier of high-purity manganese metal products for the rechargeable battery industry. The company’s flagship project, the Woodstock Project in New Brunswick, positions it well in the growing battery market.
Matthew Allas, President and CEO of CDMN, expressed optimism about the upcoming transactions and the company’s future prospects. Investors and stakeholders can reach out to the company at investors@CanadianManganese.com for more information.
While Cboe Canada has neither approved nor disapproved the contents of the press release, CDMN assures stakeholders of its commitment to transparency and compliance. Forward-looking statements in the release highlight the company’s growth plans and strategic goals, underscoring its dedication to success in the mining industry.
For more information on CDMN and its projects, interested parties can visit www.CanadianManganese.com. The company encourages stakeholders to stay informed about its progress and upcoming developments.
