Oceanic Iron Ore Corp. (V:FEO)
Business Focus: Iron Ore Mining
| Sector: Basic Materials | Industry: Iron & Steel |
| Company Contact | |
| Address: | Suite 3083 - 595 Burrard Street VANCOUVER BC V7X 1L3 |
| Tel: | N/A |
| Website: | oceanicironore.com |
| IR: | See website |
| Key People | ||
| Steven Graham Dean Executive Chairman of the Board | Bing Pan Interim Chief Executive Officer | Gerrie Van Der Westhuizen Chief Financial Officer, Corporate Secretary |
| Business Overview |
| Oceanic Iron Ore Corp. is a Canada-based exploration-stage company. The Company is engaged in the acquisition and exploration of iron ore properties in Quebec, Canada. The Company is focused on the development of the Ungava Bay iron properties in Nunavik, Quebec. The properties comprise three project areas: Hopes Advance, Morgan Lake, and Roberts Lake. The properties cover over approximately 36,039 hectares of iron ore formation and are located within 20-50 kilometer of tidewater. These properties comprise approximately 3,703 claims which are located over 1,568 square kilometers along the northern extension of the Labrador Trough in the Nunavik Region of northern Quebec. The projects cover over 300 kilometers of iron formation. |
| Financial Overview |
| For the nine months ended 30 September 2023, Oceanic Iron Ore Corp revenues was not reported. Net income totaled C$402K vs. loss of C$1.1M. Net income reflects Unrealized gain (loss) on convertible increase from C$350K (expense) to C$1.2M (income), Total othe decrease of 88% to C$7K (expense), Loss from ope decrease of 56% to C$19K (expense). |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $10.41M as of Sep 30, 2023 |
| Annual revenue (TTM): | $0.00M as of Sep 30, 2023 |
| EBITDA (TTM): | -$0.59M as of Sep 30, 2023 |
| Net annual income (TTM): | $0.42M as of Sep 30, 2023 |
| Free cash flow (TTM): | -$0.31M as of Sep 30, 2023 |
| Net Debt Last Fiscal Year: | $3.04M as of Sep 30, 2023 |
| Shares outstanding: | 109,487,238 as of Apr 15, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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