Manganese X Energy Corp (MN) Financings
TSXV: MN · Manganese, Lithium · Advanced Exploration stage
- Market cap$20.8M
- Share price$0.085
- 52-week range$0.075 – $0.180
- Shares outstanding244,272,435
- ExchangeTSXV
- Websitewww.manganesexenergycorp.com
Manganese X's mission is to advance its Battery Hill project into production, thereby becoming the first public actively traded manganese mining company in Canada and US to commercialize EV compliant high purity manganese, potentially supplying the North American supply chain. The Company intends to supply value-added materials to the lithium-ion battery and other alternative energy industries, as well as striving to achieve new carbon-friendly more efficient methodologies, while processing manganese at a lower competitive cost.
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Manganese X Energy Corp financial statements
Key figures read from 41 of 41 financial statement filings, Nov 28, 2016 to Aug 28, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | |
|---|---|---|---|---|---|
| Total current assets | — | — | C$2,374,104 | C$3,841,492 | C$3,934,563 |
| Total current liabilities | C$628,396 | C$77,461 | C$179,238 | — | — |
| Working capital | — | — | C$2,194,866 | — | — |
| Total assets | C$1,807,029 | C$3,103,101 | C$2,374,104 | C$3,946,492 | C$4,054,563 |
| Total liabilities | C$628,396 | C$77,461 | C$179,238 | C$106,850 | C$128,432 |
| Shareholders' equity | C$1,178,633 | C$3,025,640 | C$2,194,866 | C$3,839,642 | C$3,926,131 |
Income statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Mar 2026 | FY Mar 2025 | FY Mar 2024 | FY Mar 2023 | FY Mar 2022 | |
|---|---|---|---|---|---|
| Revenue | — | C$0 | C$0 | C$0 | C$0 |
| Exploration and evaluation expense | C$1,151,385 | C$1,057,029 | C$1,407,070 | C$1,484,848 | C$813,490 |
| General and administrative | C$546,104 | C$532,277 | C$692,676 | C$798,413 | C$436,289 |
| Share-based compensation | — | — | C$0 | C$197,443 | C$2,416,618 |
| Impairments and write-downs | — | C$0 | C$90,000 | — | — |
| Net income (loss) | (C$1,879,567) | (C$1,566,113) | (C$2,284,301) | (C$2,833,259) | (C$4,274,412) |
Cash flow statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Mar 2026 | FY Mar 2025 | FY Mar 2024 | FY Mar 2023 | FY Mar 2022 | |
|---|---|---|---|---|---|
| Operating cash flow | — | — | (C$1,931,979)* | (C$2,737,094)* | — |
| Financing cash flow | — | — | C$804,125* | — | — |
| Change in cash | — | — | (C$1,127,854) | (C$187,767) | (C$2,051,285) |
| Cash at end of period | C$1,532,416 | C$2,863,382 | C$2,195,577 | C$3,323,431 | C$3,511,198 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Manganese X Energy Corp financings
3 financings announced or closed by Manganese X Energy Corp, read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2025-03-06 | Manganese X Energy Corp (MN) | Private placement | Announced | $2.0M | $0.035 | Manganese X Energy Corp. Announces Conversion of Subscription Receipts from $2.1 Million Private Placement, Including Investment from New Control Person Eric Sprott |
| 2025-01-02 | Manganese X Energy Corp (MN) | Private placement, non-brokered | Closed, 1 tranche | $2.1M | $0.035 | Manganese X Energy Corp. Announces $2.1 Million Private Placement Including $2 Million Investment by Eric Sprott // THIS PRESS RELEASE IS NOT INTENDED FOR RELEASE OR DISSEMINATION IN THE UNITED STATES // |
| 2024-11-26 | Manganese X Energy Corp (MN) | Flow-through, non-brokered | Closed, 1 tranche | $400K | $0.035 | Each common share shall qualify as a “flow-through share” for the purposes of the Income Tax |