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Home CompaniesWestern Magnesium Corp

Western Magnesium Corp

Basic Materials Other Industrial Metals & Mining
PortfolioPortfolio WatchlistWatchlist
Company price
None CAD 0.00(0%)
Last update at 2024-04-09T03:57:51.634331Z
Market Cap
50.28M

Momentum Score

…

Western Magnesium Corporation engages in the exploration and development of mineral properties in the United States. The company primarily explores for magnesium deposits. It holds a 100% interest in the Tami Mosi mining claim that consists of 81 unpatented mining claims covering an area of approximately 1,673 acres; four unpatented lode mining claims covering an area of approximately 10 acres located in the Moor Mining District in Elco County, Nevada; and the Silverado mining claim, which consists of three patented mining claims covering an area of approximately 296 acres located in the Pinto mining district of Nevada. The company was formerly known as Nevada Clean Magnesium Inc. and changed its name to Western Magnesium Corporation in May 2019. Western Magnesium Corporation was incorporated in 1966 and is headquartered in McLean, United States.Western Magnesium Corporation operates as a subsidiary of Phibro Animal Health Corporation.

Source: TradingView
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52 Week Price Range
0.09
Low
0.14
High

Momentum Score

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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High

Key Metrics*

Previous Close
-
Dividend Yield
-
Revenue TTM
0.00M
Revenue Per Share
-
Gross Profit TTM
-0.52M
Debt / Equity
-
ROE
-3233.58%
Net Debt
0.16M
ROCE
270.49%
Diluted EPS TTM
-0.11

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2021-10-31 2020-10-31 2019-10-31 2018-10-31 2017-10-31
Type yearly yearly yearly yearly yearly
Date 2021-10-31 2020-10-31 2019-10-31 2018-10-31 2017-10-31
Income before tax -23.55M -6.29M -6.60M -1.19M -0.89M
Net income -23.55M -6.29M -6.60M -1.19M -0.89M
Selling general administrative 17.52M 5.35M 6.05M 0.98M 0.91M
Gross profit -0.23M -0.12M -0.01M -0.00M -0.00M
Reconciled depreciation 0.23M 0.12M 0.01M 0.00M 0.00M
Ebit -17.25M -4.30M -5.78M -0.86M -0.81M
Ebitda -23.25M -6.09M -6.59M -1.11M -0.85M
Operating income -17.72M -5.46M -6.57M -0.99M -0.92M
Interest expense 0.07M 0.06M 0.00M 0.06M 0.00M
Net interest income -0.09M -0.10M -0.01M -0.08M -0.04M
Total revenue 0.00M 0.00M 0.00M 0.00M 0.00M
Total operating expenses 17.72M 5.46M 6.57M 0.99M 0.92M
Cost of revenue 0.23M 0.12M 0.01M 0.00M 0.00M
Total other income expense net -5.74M -0.73M -0.02M -0.13M 0.07M
Net income from continuing ops -23.55M -6.29M -6.60M -1.19M -0.89M
Net income applicable to common shares -23.55M -4.67M -6.60M -1.19M -0.89M
Breakdown 2021-10-31 2020-10-31 2019-10-31 2018-10-31 2017-10-31
Type yearly yearly yearly yearly yearly
Date 2021-10-31 2020-10-31 2019-10-31 2018-10-31 2017-10-31
Total assets 4.51M 2.33M 1.76M 1.73M 2.00M
Other current assets 0.49M - - - -
Total liab 11.28M 3.71M 2.08M 1.10M 1.41M
Total stockholder equity -6.77M -1.38M -0.32M 0.62M 0.58M
Other current liab 7.45M 0.02M 0.84M - -
Common stock 29.84M 21.32M 22.46M 18.37M 17.21M
Capital stock 29.84M 19.57M 17.06M 14.00M -
Retained earnings -52.13M -28.58M -27.56M -20.96M -19.77M
Other assets 0.01M 0.00M 0.00M 0.00M 0.00M
Cash 0.46M 0.05M 0.04M 0.24M 0.38M
Total current liabilities 10.89M 2.55M 2.08M 1.10M 1.03M
Net debt - 0.16M 0.09M - 0.00M
Short term debt - - 0.13M - -
Short long term debt 0.00M 0.21M 0.13M - -
Other stockholder equity 0.33M 1.00M 4.78M 3.21M 3.15M
Property plant equipment 3.27M 0.55M 1.58M 1.46M 1.52M
Total current assets 1.23M 0.16M 0.18M 0.26M 0.48M
Net tangible assets -6.77M -2.08M -0.32M 0.62M 0.58M
Net receivables 0.15M 0.00M 0.03M 0.01M 0.01M
Long term debt - - - - 0.39M
Accounts payable 1.99M 1.17M 0.82M 0.02M 0.01M
Non currrent assets other 0.00M 0.00M 0.00M 0.00M 1.52M
Non current assets total 3.28M 2.12M 1.59M 1.46M 1.52M
Capital lease obligations 0.58M 0.51M - - -
Breakdown 2021-10-31 2020-10-31 2019-10-31 2018-10-31 2017-10-31
Type yearly yearly yearly yearly yearly
Date 2021-10-31 2020-10-31 2019-10-31 2018-10-31 2017-10-31
Investments -2.07M 0.01M -0.14M -0.03M -0.12M
Change to liabilities 0.72M 0.51M 0.86M 0.00M -0.15M
Total cashflows from investing activities -2.07M 0.02M -0.14M -0.03M -0.12M
Net borrowings 1.31M -0.01M 0.13M 0.13M 0.43M
Total cash from financing activities 8.85M 3.26M 4.17M 0.56M 1.14M
Change to operating activities -0.37M 0.16M -0.05M 0.15M 0.01M
Net income -23.55M -4.67M -6.60M -1.19M -0.89M
Change in cash 0.42M 0.01M -0.20M -0.14M 0.31M
Begin period cash flow 0.05M 0.04M 0.24M 0.38M 0.07M
End period cash flow 0.46M 0.05M 0.04M 0.24M 0.38M
Total cash from operating activities -6.37M -3.27M -4.23M -0.68M -0.71M
Issuance of capital stock 7.54M 3.21M 3.07M 0.43M -
Depreciation 0.23M 0.09M 0.01M 0.00M 0.00M
Other cashflows from investing activities -0.01M -0.01M -0.01M -0.00M -0.00M
Change to account receivables -0.14M 0.02M -0.02M -0.00M 0.02M
Other cashflows from financing activities -0.54M -0.04M -0.24M -0.00M -0.03M
Change to netincome 16.75M 0.63M 1.57M 0.36M 0.30M
Capital expenditures 2.06M 0.02M 0.14M 0.03M 0.12M
Change in working capital 0.20M 1.00M 0.79M 0.15M -0.12M
Stock based compensation 11.05M 0.69M 1.18M - -
Other non cash items 0.19M 0.04M 0.01M 0.08M 0.16M
Free cash flow -8.42M -4.30M -4.37M -0.72M -0.83M

Peer Comparison*

Sector: Basic Materials Industry: Other Industrial Metals & Mining

Stock Name
Change
(CAD)
Price
(CAD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to EBITDA (x)
SGML
Sigma Lithium Resources Corp		 -0.32
4.04%		 7.61 - 23.09 29.72 42.12 32.66
AFM
Alphamin Res		 -0.05
3.94%		 1.22 8.44 9.43 2.78 3.33 3.85
SLI
Standard Lithium Ltd		 -0.11
5.37%		 1.94 - - 79.52 2.40 5.29
FWZ
Fireweed Zinc Ltd		 0.03
1.25%		 2.43 - 1250.00 - 26.07 -7.01

Profile*

Western Magnesium Corp

Western Magnesium Corporation engages in the exploration and development of mineral properties in the United States. The company primarily explores for magnesium deposits. It holds a 100% interest in the Tami Mosi mining claim that consists of 81 unpatented mining claims covering an area of approximately 1,673 acres; four unpatented lode mining claims covering an area of approximately 10 acres located in the Moor Mining District in Elco County, Nevada; and the Silverado mining claim, which consists of three patented mining claims covering an area of approximately 296 acres located in the Pinto mining district of Nevada. The company was formerly known as Nevada Clean Magnesium Inc. and changed its name to Western Magnesium Corporation in May 2019. Western Magnesium Corporation was incorporated in 1966 and is headquartered in McLean, United States.Western Magnesium Corporation operates as a subsidiary of Phibro Animal Health Corporation.

8180 Greensboro Drive, McLean, VA, United States, 22102

571 378 0762

https://westernmagnesium.com

30

Name Title Year Born
Mr. Edward C. Lee Exec. Chairman 1962
Mr. Sam Ataya Exec. Pres, CEO & Director 1969
Mr. Stephen Thorlakson Interim CFO & Director 1950
Ms. Lisa Diane Maxwell Pres of Global Operations & COO 1968
Mr. Paul Sauve Exec. VP of Operations & CTO 1988
Mr. Michael F. Pickholz Head of Sales & Corp. Partnerships Division NA
Mr. Rabih Ataya Exec. VP of Special Projects & Director 1960
Mr. Robert Brown Honorary Technical Director Emeritus 1932
Dr. Robert R. Odle Chief Process Engineer NA
Mr. Karim Alameddine Corp. Sec. 1994

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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