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Asbestos Corporation Limited (V:AB.H)

Business Focus: Specialty Mining & Metals (NEC)

Sector:  Basic Materials Industry:  Specialty Mining & Metals
 
Company Contact
Address: 840 Ouellet Blvd
THETFORD MINES QC G6G 7A5
Tel: N/A
Website: https://mazarin.ca
IR: See website
Key People
John Leboutillier
Chairman of the Board
Guy Berard
President, Director
Mario Simard
Chief Financial Officer, Secretary
Business Overview
Asbestos Corporation Limited (ACL) is a Canada-based company, which is focused on owning and maintaining its mining assets. The Company owns approximately eight mining sites (266 million metric tons of mineral reserves), located in the MRCs des Appalaches and Robert-Cliche, representing a total area of approximately 4,684 hectares. Its mineral resource reserves contain, among other things, magnesium and nickel, two materials considered critical and strategic by Canada and the United States. The Company has also partnered with Beton Provincial for the operation of its granite quarry.
Financial Overview
For the nine months ended 30 September 2023, Asbestos Corporation Ltd. revenues increased from -C$323K to C$2.3M. Net income totaled C$2.4M vs. loss of C$373K. Revenues reflect FV Adjustments of Financial Investments increase from -C$2M to C$515K, Sale of land increase from C$48K to C$334K, Building rental increase of 13% to C$554K. Net Income reflects Litigation management fees (recovery) increase of 42% to C$1.8M (income), Salaries.
Reporting Currency: Canadian Dollars
Enterprise value: $25.34M as of Sep 30, 2023
Annual revenue (TTM): $4.03M as of Sep 30, 2023
EBITDA (TTM): $1.70M as of Sep 30, 2023
Net annual income (TTM): $2.40M as of Sep 30, 2023
Free cash flow (TTM): $0.79M as of Sep 30, 2023
Net Debt Last Fiscal Year: $23.76M as of Sep 30, 2023
Shares outstanding: 2,837,002 as of Sep 30, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization