Fokus Mining Corporation (V:FKM)
Business Focus: Diversified Mining
| Sector: Basic Materials | Industry: Diversified Mining |
| Company Contact | |
| Address: | 147 Quebec Avenue ROUYN-NORANDA QC J9X 6M8 |
| Tel: | N/A |
| Website: | https://fokusmining.com |
| IR: | See website |
| Key People | ||
| Jean Rainville President, Chief Executive Officer, Director | Sylvain Champagne Chief Financial Officer, Company Secretary, Director | |
| Business Overview |
| Fokus Mining Corporation is a Canada-based mineral resource company. The Company is engaged in acquiring, exploring and developing mining properties, and it holds interests in properties at the exploration stage located in Canada. The Company's Galloway project is located along the Cadillac-Larder Lake Fault. The Galloway project consists of three mining concessions and 95 claims covering a total area of approximately 2,668 hectares. The Galloway property is less than 30 kilometers (km) west of the Rouyn Noranda mining district and is accessible via Trans-Canada Highway 117. The Galloway property is the result of the amalgamation of the Hurd, Ogima Nord, Renault Bay, Sandborn, Perron, Cadillac, Francoeur and Lac Fortune claims blocks. Together, they cover a 3 km wide corridor of gold bearing structures over a total length of 10 km along the Larder-Lake-Cadillac Break (LLCB). |
| Financial Overview |
| For the nine months ended 30 September 2023, Fokus Mining Corp revenues was not reported. Net loss increased 86% to C$1.1M. Higher net loss reflects Changes in fair value of investments increase of 68% to C$504K (expense), Stock-based Compensation in SGA increase from C$4K to C$116K (expense), Conferences and promotion increase of 79% to C$228K (expense). Basic Earnings per Share excluding Extraordinary Items remained flat at -C$0.01. |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $6.03M as of Sep 30, 2023 |
| Annual revenue (TTM): | $0.00M as of Sep 30, 2023 |
| EBITDA (TTM): | -$1.05M as of Sep 30, 2023 |
| Net annual income (TTM): | -$0.73M as of Sep 30, 2023 |
| Free cash flow (TTM): | -$1.96M as of Sep 30, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 125,309,460 as of Apr 15, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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