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AsiaBaseMetals Inc. (V:ABZ)

Business Focus: Specialty Mining & Metals

Sector:  Basic Materials Industry:  Specialty Mining & Metals
See Regulatory Filings on SEDAR
Company Contact
Address: 6153 Glendalough Place
Tel: N/A
IR: See website
Key People
Raj Inder Chowdhry
President, Chief Executive Officer, Interim Chief Financial Officer, Director
Business Overview
Asiabasemetals Inc. is a Canada-based company focused in the mining sector as well as the cannabis sector. The Company, in the mining sector, is focused on diversifying its asset portfolio via project acquisitions of base metals, which includes Copper, Zinc (alkali metals), Cobalt, Lithium and precious metals, such as Gold and Silver projects. The Company's wholly owned operated projects are Gnome Project and Jean Project. The Gnome Project encompasses of 5,868 hectares of land and contains 12 mineral claims. The Jean Iron Ore Project is located within the Thunder Bay Mining District in the northwestern part of the province of Ontario, Canada. In the cannabis sector, the Company is focused on identifying, pursuing and implementing opportunities in Europe, to obtain licenses for growing and selling cannabis for medical purposes.
Financial Overview
For the fiscal year ended 30 September 2020,Asiabasemetals Inc revenues was not reported. Net lossincreased 25% to C$1M. Higher net loss reflects Managementfees increase of 76% to C$450K (expense), Share-basedpayments increase of 51% to C$329K (expense), Professionalfees increase of 81% to C$127K (expense). Basic Earningsper Share excluding Extraordinary Items remained flat at-C$0.02.
Reporting Currency: Canadian Dollars
Enterprise value: $10.21M as of Dec 31, 2020
Annual revenue (TTM): $0.00M as of Dec 31, 2020
EBITDA (TTM): -$1.04M as of Dec 31, 2020
Net annual income (TTM): -$1.03M as of Dec 31, 2020
Free cash flow (TTM): -$0.35M as of Dec 31, 2020
Net Debt Last Fiscal Year: N/A
Shares outstanding: 43,957,254 as of Feb 5, 2021
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization