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Canada Nickel Company Inc. (V:CNC)

Business Focus: Nickel Ore Mining

Sector:  Basic Materials Industry:  Specialty Mining & Metals
Company Contact
Address: 130 King St West, Suite 1900
Tel: N/A
IR: See website
Key People
Mark Selby
Chairman of the Board, President, Chief Executive Officer
Wendy Kaufman
Chief Financial Officer
Steve Balch
Vice President - Exploration
Christian Brousseau
Vice President - Capital Projects
Pierrephilippe Dupont
Vice President - Sustainability
Desmond Tranquilla
Vice President - Projects
Business Overview
Canada Nickel Company Inc. is a Canada-based company, which is engaged in advancing the nickel-sulfide projects to deliver nickel required to feed the electric vehicle and stainless-steel markets. The Company owns flagship Crawford Nickel-Cobalt Sulphide Project in the heart of the prolific Timmins-Cochrane mining camp. The Company also owns 25 additional nickel targets located near the Crawford Project. Its wholly owned NetZero Metals Inc. to develop zero-carbon production of Nickel, Cobalt and Iron and applied for the trademarks NetZero Nickel NetZero Cobalt and NetZero Iron across several jurisdictions.
Financial Overview
For the fiscal year ended 31 October 2023, Canada Nickel Company Inc revenues was not reported. Net loss increased from C$5.5M to C$14.2M. Higher net loss reflects Flow-through share premium decrease of 70% to C$2M (income), Transaction costs and interest expense increase from C$991K to C$2.3M (expense), Consulting and advisory increase from C$1.2M to C$2.4M (expense).
Employees: 34 as of Oct 31, 2022
Reporting Currency: Canadian Dollars
Enterprise value: $266.46M as of Oct 31, 2023
Annual revenue (TTM): $0.00M as of Oct 31, 2023
EBITDA (TTM): -$8.89M as of Oct 31, 2023
Net annual income (TTM): -$14.22M as of Oct 31, 2023
Free cash flow (TTM): -$44.76M as of Oct 31, 2023
Net Debt Last Fiscal Year: $2.54M as of Oct 31, 2023
Shares outstanding: 179,535,048 as of Feb 14, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization