Ryzon Materials (MNSE) Q1 2025 TU earnings summary

Executive summary

• Nachu Graphite Project advanced with site visits and ongoing discussions for development and off-take agreements, particularly with Chinese end-users for Jumbo and Super Jumbo graphite products.

• Imperium3 New York (iM3NY) battery operations continued under lender control, with temporary staff layoffs and partial re-hiring; company seeking new investors and certifications.

• Board strengthened with the appointment of Mr. Henian Chen as non-executive director, bringing significant energy sector experience.

Financial highlights

• Net cash used in operating activities for the quarter was A$873,000, primarily due to staff and administrative costs.

• Proceeds from borrowings totaled A$900,000, resulting in a net increase in cash for the period.

• Cash and cash equivalents at quarter end stood at A$114,000.

Outlook and guidance

• Directors are in discussions to raise additional capital from debt and equity markets, expecting an investment to be completed in the current quarter.

• Company expects to continue operations and meet objectives through planned capital initiatives and available cash.