Canadian Manganese Co

What Canadian Manganese Co does

Canadian Manganese Company Inc. (Cboe CA: CDMN) is a publicly traded mineral development company headquartered in Toronto, Ontario, focused on advancing its wholly-owned Woodstock Manganese Project in western New Brunswick. The project spans 5,875 hectares across 232 mineral claim units and encompasses the Plymouth Deposit and the North and South Hartford deposits. According to the March 2023 NI 43-101 Mineral Resource Estimate prepared by Mercator Geological Services, the Plymouth Deposit contains 74,400,000 tonnes at 13.61% Fe and 10.02% Mn at a 4.75% cutoff grade — described as the largest, highest-grade manganese carbonate deposit for development in North America. The Hartford deposits have historical (non-43-101 compliant) estimates of approximately 50 million tonnes each at 12% Fe and 8% Mn.

The company's core technology is a hydrometallurgical leaching process designed to extract manganese from the Fe-Mn carbonate mineralization and convert it into High Purity Manganese Sulphate Monohydrate (HPMSM) and standard Manganese Sulphate Monohydrate (MSM). Bench-scale testing has confirmed a conceptual production split of 50% HPMSM and 50% MSM, with targeted Mn recoveries of 77% (at long-term pricing of US$1,760/t Mn) and an overall recovery factor of 85%. Resource estimation uses GEOVIA Surpac software with Ordinary Kriging on 3m downhole composites and 10m × 10m × 10m block dimensions. HPMSM is intended to supply lithium-ion battery cathode manufacturers serving electric vehicle and grid-storage end markets, with potential by-product iron credits as a secondary revenue line.

CDMN is a pre-revenue development-stage company with no commercial products, pricing, or distribution channels disclosed. Its business model is anticipated hardware sales of HPMSM and MSM to battery-materials customers, but no contracts or offtake agreements have been disclosed. The company reported a Q2 2024 loss of $768,601 with no operating revenue. In April 2024, CDMN closed US$10,000,000 in non-dilutive royalty financing from Leventis Capital Pte Ltd (a 2% gross revenue royalty on Woodstock) and appointed John Allan as Board Chair in July 2024. Matthew Allas serves as President and CEO. The company also holds the Mongoose subsidiary, which explores the Cobequid IOCG property in Nova Scotia.

Name

Canadian Manganese Co

Legal name

Canadian Manganese Company Inc.

Website

https://canadianmanganese.com

Company type

Public

Founded year

2011

Operating status

Operating

Short description

Canadian Manganese is a pre-revenue mineral development company advancing the Woodstock manganese project in New Brunswick, aiming to produce high-purity manganese sulphate monohydrate for lithium-ion battery cathode manufacturers serving electric vehicle and energy storage markets.

Ownership category

akta.pro rank

Product category

Manganese Mining

SIC

Metal Mining (1000)

akta.pro primary industry

Manganese Ore Mining & Concentrates (IMAKAFAF)

akta.pro secondary industries

Battery-Grade Chemical Processing (LiOH/Li2CO3, Ni/Co Sulfates, Mn Sulfate) (IMAKAFAI), Battery Raw Materials Mining & Refining (Lithium, Nickel, Cobalt, Manganese, Graphite) (EUAFABAA), Exploration & Resource Development (Critical Minerals) (IMAKAFAL)

Keywords

• Manganese mining
• Critical minerals
• Battery grade manganese
• Mineral resource development
• High purity manganese sulphate

Headquarters

HQ city

Toronto

HQ country

Canada

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Personnel, Technology or R&D, Supply Chain

Revenue model

1. Manganese Product Sales: Future revenue from production and sale of High Purity Manganese Sulphate Monohydrate (HPMSM) and Manganese Sulphate Monohydrate (MSM) products to the lithium-ion battery industry

Marketing channels4 records

Core offering

Canadian Manganese Company Inc. is a single-project mineral development company advancing the Woodstock Project in New Brunswick, which contains the Plymouth and Hartford manganese-iron deposits. The company is developing battery-grade manganese products, specifically High Purity Manganese Sulphate Monohydrate (HPMSM) and Manganese Sulphate Monohydrate (MSM), to supply the lithium-ion battery industry. It is pre-revenue and currently focused on resource definition, metallurgical work, and project permitting.

Product overview

Canadian Manganese Company Inc. (CDMN) operates as a single-project mineral development company focused on its wholly-owned Woodstock Project in New Brunswick. The project comprises the Plymouth Deposit (the primary producing target with NI 43-101 resources) and the Hartford Deposits (North and South, undergoing exploration). The company's strategic goal is to produce high-purity manganese products—HPMSM and MSM—for the rechargeable lithium-ion battery supply chain. The product portfolio centers on the mine-to-processing pipeline, with no software or technology platform offerings.

Differentiator

Problem solved

Functional benefit

Products and services

• High Purity Manganese Sulphate Monohydrate (HPMSM) Battery-grade manganese product to be produced from the Woodstock Project for use as feedstock in lithium-ion battery cathode and pCAM manufacturing.
• Manganese Sulphate Monohydrate (MSM) Manganese sulphate product to be produced from the Woodstock Project for the lithium-ion battery industry.
• Iron By-Product Iron co-product to be recovered from processing of Woodstock Project manganese-iron ore, intended for sale to steel or industrial mineral markets.

Quantifiable outcome

• 77% Mn recovery to HPMSM at long-term prices of US$1,760/t Mn
• +2 more outcomes

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Scale indicators5 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• MOIL Limited: India's largest manganese ore producer, state-owned, producing a range of manganese grades. Comparable as a large-scale manganese miner with established operations, though focused on ore rather than battery-grade chemicals.
• South32: Large diversified miner with the GEMCO manganese operation in Australia (one of the world's largest manganese ore producers). Serves as an incumbent benchmark for manganese ore production economics and a likely long-term competitor for HPMSM feedstock.
• Jupiter Mines: Producer of manganese ore at the Tshipi Borwa mine in South Africa (one of the largest single manganese mines globally). Comparable as a pure-play manganese producer, though at ore stage rather than battery-grade chemical processing.
• OM Holdings: Singapore-listed manganese and ferroalloy producer with operations in Australia and Malaysia. Comparable as a vertically integrated manganese miner and processor, though more diversified and at a more advanced operational stage.
• Eramet: French mining and metallurgical group producing manganese ore (Comilog in Gabon) and manganese alloys. A global incumbent in manganese whose downstream processing capabilities overlap with CDMN's planned HPMSM/MSM product strategy.

Direct peers

• Manganese X Energy Corp: Canadian-listed manganese developer advancing the Battery Hill project in New Brunswick, Canada, targeting HPMSM for EV batteries. Direct geographic and product peer to Canadian Manganese, operating in the same Canadian jurisdiction with similar battery-grade manganese ambitions.
• Element 25: Australia-listed developer of the Butcherbird manganese project, advancing high-purity manganese sulphate production for EV batteries. Highly comparable as a publicly listed, single-asset, pre-revenue manganese-to-HPMSM developer.
• Euro Manganese: Direct peer developing the Chvaletice high-purity manganese project in the Czech Republic, targeting HPMSM production for the European lithium-ion battery supply chain. Most comparable in stage and product (HPMSM for batteries), differing primarily in geography.

Emerging players

• Giyani Metals Corp: Developer of the K.Hill manganese project in Botswana focused on HPMSM production for batteries. Comparable as an emerging, single-asset HPMSM developer with similar pre-revenue, pre-construction profile.

Regional players

• Mesa Minerals: Australian manganese ore producer and explorer focused on high-grade manganese in Western Australia. Comparable as a smaller, pure-play manganese developer/producer, though focused on ore rather than battery-grade chemical production.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights5 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Canadian Manganese Co