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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 completes commissioning of continuous pilot reactor; commercial pilot plant construction progressing well
Western Magnesium Corp told investors that commissioning of its pilot reactor was now complete and that the preparation of feed material was underway. The company has developed a proprietary technology, which can generate magnesium metal with low labor, high automation,...
Western Magnesium enters into LOI with US national preferred dolomite supplier
Western Magnesium Corporation announced it has signed a letter of intent (LOI) with The Shelly Company to supply it with high-quality dolomite at any location in the contiguous US to produce magnesium metal. Shelly Co.
Western Magnesium inks agreement to build first ever eco-friendly magnesium plant in eastern Ohio
Western Magnesium Corporation said it has inked an agreement to build its first-ever eco-friendly magnesium plant in eastern Ohio, which will bring hundreds of jobs to the state's Harrison County. Washington DC-based Western Magnesium said that Harrison County was chosen over...
Western Magnesium appoints Colonel (retired) Michael Rutkowski as its executive vice-president for Enterprise Business and Defense
Western Magnesium Corporation has announced the appointment of Colonel (retired) Michael Rutkowski to serve as its executive vice-president for Enterprise Business and Defense as the company answers the critical demand for eco-friendly magnesium metal produced in the United States. Colonel...
Western Magnesium begins testing on new continuous pilot reactor ahead of schedule
Western Magnesium Corporation said it has started testing on its new continuous pilot reactor ahead of the original schedule. The testing is described as a methodical process that ensures a safe and successful operation of the reactor and its auxiliary...
Western Magnesium selects Ohio county for first full-scale US deployment of its proprietary magnesium extraction technology
Western Magnesium Corporation has selected Harrison County, Ohio, as the site of the first full-scale deployment of its proprietary magnesium extraction technology in the US. In a statement, the company said its management spent a considerable amount of time vetting...
Western Magnesium to raise up to C$2.1M in a non-brokered private placement
Western Magnesium Corporation has announced plans for a non-brokered private placement to raise gross proceeds of up to C$$2,070,313. Western Magnesium said the net proceeds of the offering will be used for working capital and to complete the company's commercialized...
Western Magnesium aiming to become world's low-cost producer of eco-friendly, high-quality magnesium
Western Magnesium Corp wants to re-establish magnesium manufacturing in the USA. The company wants to become the world's low-cost producer of eco-friendly and high-quality magnesium, which is a strategic metal.
Western Magnesium moves closer to testing phase as commercialized pilot plant undergoes final build out
Western Magnesium Corporation is moving closer to realizing its plans to produce low-cost, green magnesium metal, saying its commercialized pilot plant was now undergoing the final build-out. The company said testing would begin on its proprietary new reactor within the...
Western Magnesium closes $870,000 increased private placement
Western Magnesium Corporation (CVE:WMG) (OTCMKTS:MLYF) (FRA:3WM) said it has successfully closed a previously announced non-brokered private placement of 4,350,000 units for gross proceeds of $870,000. The Vancouver-based company's initial offering aimed to raise $850,000, however, that target was later raised to...
Source: https://incomestatements.info
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