Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Ultra Club
$500/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
JOIN THE CLUB

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

Copper Lake Resources Ltd. (V:CPL)

Business Focus: Diversified Mining

Sector:  Basic Materials Industry:  Diversified Mining
 
Company Contact
Address: 1 King Street, Suite 4800
TORONTO ON M5H 1A1
Tel: N/A
Website: https://copperlakeresources.com
IR: See website
Key People
Terrence Llewellyn Macdonald
Chief Executive Officer, Corporate Secretary, Director
   
Business Overview
Copper Lake Resources Ltd. is a metals exploration company. It is focused on acquiring, exploring, and developing exploration and evaluation assets in Canada. Its portfolio includes the Marshall Lake VMS Copper, Zinc and Silver property west of Lake Nipigon and the Ring of Fire Norton Lake Nickel, Copper, Cobalt, Palladium and Platinum property both located in Northwest Ontario. It holds 79.45% interest in the Marshall Lake VMS Copper Gold Project. The Marshall Lake VMS Copper Gold Project is located approximately 250 kilometers (km) north-northeast of Thunder Bay, Ontario. The property consists of 43 mineral claims (539 claim units) with an area of 8,864 ha and 89 mining leases with an area of 1,566.17 hectares, for a total land position of 10,430.17 hectares. The Norton Lake property is located about 50 km northeast of Fort Hope, Ontario and about 400 km northeast of Thunder Bay, Ontario, Canada. The Norton Lake property consists of 32 claims covering approximately 8,800 hectares.
Financial Overview
For the fiscal year ended 31 October 2023, Copper Lake Resources Ltd revenues was not reported. Net loss decreased 19% to C$2.3M. Lower net loss reflects Share-based compensation decrease of 67% to C$159K (expense), Exploration and evaluation expenditures decrease of 13% to C$1.8M (expense), Flow-through share premium recovery increase from C$32K to C$151K (income).
Reporting Currency: Canadian Dollars
Enterprise value: $8.02M as of Oct 31, 2023
Annual revenue (TTM): $0.00M as of Oct 31, 2023
EBITDA (TTM): -$2.52M as of Oct 31, 2023
Net annual income (TTM): -$2.34M as of Oct 31, 2023
Free cash flow (TTM): -$1.86M as of Oct 31, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 270,503,770 as of Mar 19, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization