Overview
Nevada Clean Magnesium (formerly Molycor Gold) is now turning its focus away from precious metals and on to magnesium. It plans to develop its Tami-Mosi project in Nevada, which has 412 million metric tons of inferred magnesium resources capable of producing 30,000 metric tons per year for 30 years. The junior resources company also prospects for gold, silver, and molybdenum. It has multiple resource properties in British Columbia and Nevada
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Read More and is involved in joint ventures for several of these exploration projects with sister Canadian mining company Goldrea Resources. None of its projects are in production. In 2012 it optioned a 60% stake in its Griffon gold property in Nevada to Pilot Gold.
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Read More and is involved in joint ventures for several of these exploration projects with sister Canadian mining company Goldrea Resources. None of its projects are in production. In 2012 it optioned a 60% stake in its Griffon gold property in Nevada to Pilot Gold.
Read Less
Sam Ataya
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Metal Ore Mining
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Nonferrous Metal (except Aluminum) Production and Processing
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Mining (except Oil and Gas)
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Mining, Quarrying, and Oil and Gas Extraction
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Open pit iron ore mining, nec
See All Industries , Magnesium refining (primary) Magnesium and magnesium alloy bars, sheets, shapes, etc.
See Fewer Industries
See All Industries , Magnesium refining (primary) Magnesium and magnesium alloy bars, sheets, shapes, etc.
See Fewer Industries
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Actual
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Actual
$9.34 million
Actual
$4
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TSX Vent:WMG.H
Contacts
Get in Touch with 12 Principals* and 7 Contacts
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Sam AtayaPresident
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Contact 3?
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Contact 4?
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Financial Data
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Revenue in USD
Annual Revenue
$9.34 million
USD
Modelled
All financial statement data is in millions except per share data | Source: Morningstar
| Cash Flow (mil) | 2021 | 2020 | 2019 |
|---|---|---|---|
| Net Operating Cash | -$6 | -$3 | -$3 |
| Net Investing Cash | -$2 | $0 | -$0 |
| Net Financing Cash | $9 | $3 | $3 |
| Net Change in Cash | $0 | $0 | -$0 |
| Cash at Beginning of Period | $0 | $0 | $0 |
| Cash at End of Period | $0 | $0 | $0 |
| Capital Expenditure | -$2 | -$0 | -$0 |
| Assets (mil) | 2021 | 2020 | 2019 |
|---|---|---|---|
| Current Assets | |||
| Cash and Cash Equivalents | $0 | $0 | $0 |
| Accounts Receivable | $0 | $0 | $0 |
| Inventories | $ | $ | $ |
| Other Current Assets | $1 | $0 | $0 |
| Asset Summary | |||
| Total Current Assets | $1 | $0 | $0 |
| Tangible Fixed Assets | $3 | $1 | $1 |
| Intangible Assets | $ | $ | $ |
| Total Assets | $5 | $1 | $1 |
| Liabilities (mil) | 2021 | 2020 | 2019 |
|---|---|---|---|
| Current Liabilities | |||
| Accounts Payable | $2 | $1 | $1 |
| Short-Term Debt | $0 | $0 | $0 |
| Other Current Liabilities | $9 | $1 | $1 |
| Liability Summary | |||
| Total Current Liabilities | $11 | $3 | $2 |
| Long-Term Debt | $ | $ | $ |
| Other Long-Term Liabilities | $ | $ | $ |
| Total Liabilities | $11 | $3 | $2 |
| Stakeholder's Equity (mil) | 2021 | 2020 | 2019 |
|---|---|---|---|
| Equity | |||
| Common Stock | $30 | $21 | $17 |
| Retained Earnings | -$52 | -$29 | -$21 |
| Equity Summary | |||
| Total Equity | -$7 | -$2 | -$0 |
| Shares Outstanding | 421,871,770 | 323,419,527 | 278,939,075 |