Ryzon Materials (MNSE) Q3 2025 TU earnings summary

Executive summary

• Focused on financing and development of Nachu Graphite Project, including a commitment from Global Corporate Finance for initial works.

• MoU signed with Auxin Holdings to leverage mining services expertise in Africa.

• Ongoing efforts to re-acquire control of Imperium3 New York (IM3NY); IM3NY assets sold in bankruptcy for US$10 million, with little prospect of return on investment.

• Company shares remain suspended from ASX due to compliance issues; working to address ASX concerns and refocus on Nachu as primary asset.

Financial highlights

• Net cash used in operating activities for the quarter was A$604,000; year-to-date (nine months) net cash used was A$2,026,000.

• Cash and cash equivalents at quarter end were A$23,000, down from A$27,000 in the previous quarter.

• Secured loan principal increased to A$7.262 million, with maturity extended to May 2026.

• Entered equity financing agreement with GCF for up to A$15 million, subject to conditions.

Outlook and guidance

• Directors are in discussions for 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 with planned capital initiatives and available cash.

• Likely to seek shareholder approval to refocus on Nachu Graphite Project as the primary asset.