Ryzon Materials (MNSE) Q1 2026 TU earnings summary

Executive summary

• Progressed detailed engineering for the Nachu Graphite Project, with Xinhai funding via equity and early works preparations underway.

• Secured lender agreed to convert debt into equity, and AGM scheduled for late November.

• Company name changed to Ryzon Materials Ltd following shareholder approval.

Financial highlights

• Net cash used in operating activities for the quarter was $(672,000).

• Cash and cash equivalents at quarter end were $98,000.

• $500,000 raised through equity placement for working capital.

• Total financing facilities at quarter end were $15.497 million, with $7 million undrawn.

Outlook and guidance

• Early works for Nachu, including updated EIS and facility upgrades, are planned for coming quarters.

• Focus shifting to Nachu Graphite Project as primary asset due to unlikely returns from Imperium3 investment.