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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 initiates non-brokered private placement to fund pilot plant
Western Magnesium Corporation (CVE:WMG) (OTCMKTS:MLYF) has launched a non-brokered private placement to raise up to C$850,000. The Vancouver-based company is working to produce low-cost, green magnesium metal and it said the proceeds of the private placement will be used for...
Western Magnesium raises new funds with a convertible debenture
Western Magnesium Corporation (CVE:WMG) said a US$1.5 million investment for the continuing build-out of its pilot plant signals a vote of confidence in the progress it is making as it prepares for metal production. The company, which plans to produce low-cost, green magnesium...
Western Magnesium has plans to return manufacturing of this key, strategic commodity to the USA
A world-class metal technology company Technical team consists of global authorities in magnesium production and research Commercialized pilot plant poised to begin production soon What Western Magnesium does: Western Magnesium Corporation (CVE:WMG) (OTCMKTS:MLYF) says it is focused on becoming the world's low-cost producer...
Western Magnesium speeds up its production timelines with completion of reactor
Western Magnesium Corporation (CVE:WMG) (OTCMKTS:MLYF) has reached a major milestone in its plans to produce low-cost, green magnesium metal, revealing it had now completed building the key reactor. This has brought forward the company's previous timeline, which was that it...
Western Magnesium announces $100,000 convertible note financing
Western Magnesium Corporation (CVE:WMG) (OTCQB:MLYF) said it will conduct a non-brokered private placement of convertible notes amounting to C$100,000. The notes will bear interest at 12% per year with a maturity date of one year following the closing.
Source: https://incomestatements.info
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