See more : Fastenal Company (FAST) Income Statement Analysis – Financial Results
Complete financial analysis of Western Magnesium Corporation (MLYF) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Western Magnesium Corporation, a leading company in the Industrial Materials industry within the Basic Materials sector.
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Western Magnesium Corporation (MLYF)
About Western Magnesium Corporation
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.
| Metric | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 4.49 | 0.00 |
| Cost of Revenue | 229.90K | 87.58K | 7.80K | 1.98K | 331.28 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -2.51 | 0.00 |
| Gross Profit | -229.90K | -87.58K | -7.80K | -1.98K | -331.28 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 7.00 | 0.00 |
| Gross Profit Ratio | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 155.87% | 0.00% |
| Research & Development | 0.00 | 758.23K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 17.52M | 4.61M | 4.59M | 746.53K | 711.01K | 469.07K | 665.26K | 1.38M | 448.69K | 478.77K | 581.18K | 706.84K | 777.68K | 978.88K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 3.42M | 0.00 | 0.00 | 0.00 | 0.00 | 10.10K | 0.00 | 54.97K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 20.94M | 4.61M | 4.59M | 746.53K | 711.01K | 479.17K | 665.26K | 1.43M | 448.69K | 478.77K | 581.18K | 706.84K | 777.68K | 978.88K | 1.38M | 687.30K | 550.25K | 125.90K | 185.78K | 76.77K | 107.11K |
| Other Expenses | 0.00 | 0.00 | 391.52K | 3.98K | 2.95K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 16.76K | 16.51K | 23.39K | 20.34K | 5.71K | 2.70K | 1.44K | 455.74 | 525.05 | 3.66K | 682.51 |
| Operating Expenses | 21.07M | 4.61M | 4.98M | 750.51K | 713.96K | 479.17K | 665.26K | 1.43M | 448.69K | 478.77K | 597.93K | 723.36K | 801.07K | 999.22K | 1.39M | 690.00K | 551.69K | 126.35K | 186.30K | 77.33K | 107.79K |
| Cost & Expenses | 21.07M | 4.70M | 4.99M | 752.49K | 714.29K | 479.17K | 665.26K | 1.43M | 448.69K | 478.77K | 597.93K | 723.36K | 801.07K | 999.22K | 1.39M | 690.00K | 551.69K | 126.35K | 186.30K | 77.33K | 107.79K |
| Interest Income | -15.29K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 264.05 | 91.54 | 732.74 | 13.98K | 24.21K | 0.00 | 7.34K | 56.00 | 60.00 | 0.00 | 7.00 | 132.00 |
| Interest Expense | 74.32K | 61.25K | 1.61K | 56.87K | 30.69K | 30.75K | 465.77 | 15.77K | 17.63K | 27.86K | 1.69K | 1.31K | 2.62K | 2.46K | 0.00 | 1.23K | 621.00 | 753.00 | 18.67K | 188.00 | 780.00 |
| Depreciation & Amortization | 229.90K | 86.71K | 10.27K | 1.98K | 331.28 | 150.77K | -289.70K | -524.16K | -885.38K | -502.04K | -4.15K | 1.17K | 11.61K | 12.63K | 5.71K | 2.70K | 1.44K | 455.74 | 525.05 | 556.22 | 682.51 |
| EBITDA | -23.25M | -4.58M | -5.77M | -858.06K | -806.73K | -359.06K | -993.33K | -1.45M | -371.52K | -1.01M | -603.77K | -1.21M | -778.77K | -969.28K | -1.37M | -679.25K | -553.79K | -125.73K | -181.25K | -76.77K | -147.72K |
| EBITDA Ratio | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -1,290,857.28% | 0.00% |
| Operating Income | -21.07M | -4.76M | -5.01M | -752.49K | -714.29K | -509.82K | -703.63K | -1.44M | -466.32K | -506.63K | -599.62K | -724.67K | -801.07K | -999.22K | -1.39M | -690.00K | -551.69K | -126.35K | -186.30K | -96.13K | -148.77K |
| Operating Income Ratio | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -2,140,471.66% | 0.00% |
| Total Other Income/Expenses | -2.48M | 90.96K | -1.59M | -437.84K | 23.19K | 120.02K | -290.17K | -539.92K | -903.01K | -529.90K | -5.84K | -491.00K | 8.07K | 14.85K | -1.14K | 1.37K | -3.68K | -15.60 | 0.00 | -15.14K | -40.98K |
| Income Before Tax | -23.55M | -4.72M | -5.01M | -907.27K | -691.10K | -389.81K | -993.80K | -1.98M | -1.37M | -1.04M | -605.46K | -1.22M | -793.00K | -984.37K | -1.39M | -688.63K | -555.37K | -126.37K | 0.00 | -111.27K | -189.76K |
| Income Before Tax Ratio | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -2,477,671.70% | 0.00% |
| Income Tax Expense | 5.60M | 61.25K | 1.61K | -97.91K | 53.88K | 127.95K | 0.00 | 0.00 | 0.00 | 0.00 | -105.62K | -489.68K | 10.69K | -137.60K | -1.14K | 2.60K | -3.06K | 737.40 | 18.67K | 18.92K | -40.20K |
| Net Income | -23.55M | -4.78M | -5.01M | -907.27K | -691.10K | -389.81K | -993.80K | -1.98M | -1.37M | -1.04M | -499.84K | -1.21M | -793.00K | -846.77K | -1.38M | -683.18K | -555.85K | -126.94K | -200.45K | -92.59K | -149.18K |
| Net Income Ratio | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -2,061,743.08% | 0.00% |
| EPS | -0.08 | -0.02 | -0.02 | -0.01 | 0.00 | 0.00 | -0.01 | -0.01 | -0.01 | -0.01 | 0.00 | -0.01 | -0.01 | -0.01 | -0.02 | -0.02 | -0.02 | -0.01 | -0.01 | -0.01 | -0.01 |
| EPS Diluted | -0.08 | -0.02 | -0.02 | -0.01 | 0.00 | 0.00 | -0.01 | -0.01 | -0.01 | -0.01 | 0.00 | -0.01 | -0.01 | -0.01 | -0.02 | -0.02 | -0.02 | -0.01 | -0.01 | -0.01 | -0.01 |
| Weighted Avg Shares Out | 356.66M | 312.45M | 241.05M | 182.17M | 166.06M | 152.14M | 147.20M | 139.82M | 120.61M | 111.34M | 105.44M | 81.65M | 70.96M | 61.94M | 61.19M | 41.77M | 32.08M | 25.30M | 19.39M | 17.58M | 16.55M |
| Weighted Avg Shares Out (Dil) | 356.66M | 312.45M | 241.05M | 182.17M | 166.06M | 152.14M | 147.20M | 139.82M | 120.61M | 111.34M | 105.44M | 81.65M | 70.96M | 61.94M | 65.46M | 41.77M | 32.08M | 25.30M | 19.39M | 17.58M | 16.55M |
Western Magnesium attains approval for future efforts as a government contractor
Western Magnesium Corp. (TSX-V:WMG, OTCQB:MLYF) told investors the US Federal Government recently approved it for registration into the System for Award Management (SAM), and the designation of a Commercial and Government Entity (CAGE) Code. The company said the approval and...
Western Magnesium closes previously announced non-brokered private placement for gross proceeds of US$756,524
Western Magnesium Corporation said it has closed its previously announced non-brokered private placement which will see the issue of a total of 1,375,499 units at a price of US$0.55 per unit for gross proceeds of US$756,524. Each unit consists of...
Western Magnesium says its corporate operations have officially moved to Washington DC as it targets US industrial base
Western Magnesium Corp. (TSX-V:WMG, OTCQB:MLYF) has announced that its corporate operations have officially relocated from Canada to the United States as it works to rebuild the American industrial base by offering innovative, eco-friendly, and high-quality clean magnesium metal and alloy...
Western Magnesium closes first tranche of its previously announced non-brokered private placement
Western Magnesium Corp said it has closed the first tranche of its previously announced non-brokered private placement, launched on November 8, 2021. The first tranche closed with the issue of 1,375,499 units at a price of 55 US cents per unit for gross proceeds...
Western Magnesium announces long-time board director Robert Brown accepts new role as Honorary Technical Director Emeritus
Western Magnesium Corporation has announced that due to health concerns, long-time board director Robert Brown has accepted a new role as Honorary Technical Director Emeritus. Brown will now focus his unparalleled experience on the company's technical expertise, recusing himself from...
Western Magnesium Corporation announces non-brokered private placement for gross proceeds of up to US1.5 million
Western Magnesium Corporation has announced a non-brokered private placement for gross proceeds of up to US1.5 million. The offering is for up to 2,727,273 units at a price of US$0.55 per unit, with each unit to consist of one common share...
Western Magnesium says to ship Distributed Control System to its pilot plant
Western Magnesium Corp. (TSX-V:WMG, OTCQB:MLYF) has noted that factory acceptance testing of its electrical and instrumentation equipment has been fully approved and it is to ship a distributed control system to its pilot plant The Washinton, DC-based company which aims...
Western Magnesium hires media veteran Ashleigh Barry to lead media relations and corporate communications
Western Magnesium Corporation has announced that it has hired media veteran Ashleigh Barry to serve as its senior vice-president of media relations and corporate communications. The company said Barry will help it amplify critical messaging and raise awareness about its...
Western Magnesium says progress continues at Harrison County plant site
Western Magnesium Corporation has told investors that it is making progress with its Harrison County plant in Ohio, taking it one step closer to rebuilding the US industrial base by offering its innovative, eco-friendly, and high-quality clean magnesium metal production...
Western Magnesium hires retired US Air Force major Jacquelyn Hayes-Byrd to lead its communications and government affairs division
Western Magnesium Corp, which is aiming to produce magnesium metal in the US, reported it had hired Jacquelyn Hayes-Byrd, a retired major in the United States Air Force, to become its executive vice-president for communications and government affairs. Hayes-Byrd has...
Source: https://incomestatements.info
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