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.

Flying Nickel Mining Corp. (V:FLYN)

Business Focus: Nickel Ore Mining

Sector:  Basic Materials Industry:  Specialty Mining & Metals
 
Company Contact
Address: Suite 1610 - 409 Granville Street, -
VANCOUVER BC V6C 1T2
Tel: N/A
Website: https://www.flynickel.com
IR: See website
Key People
John Lee
Chairman of the Board
Danniel Oosterman
Interim Chief Executive Officer, Vice President - Exploration
Katerina Deluca
Chief Financial Officer
Robert Van Drunen
Chief Operating Officer
Ryan Coombes
Chief Legal Officer
Jenna Virk
Chief Legal Officer
Cindy Waterman
Corporate Secretary
   
Business Overview
Flying Nickel Mining Corp. is a Canada-based nickel sulfide exploration-stage mining company. The Company is advancing its 100% owned Minago nickel project in the Thompson nickel belt in Manitoba, Canada. The Minago nickel project is a high-grade open pit optimized nickel sulfide deposits. The Minago nickel project contains approximately 722 million pounds of indicated nickel resource. The Minago property is located in northern Manitoba, Canada within the southern part of the Thompson Nickel Belt, approximately 107 kilometers north of the Town of Grand Rapids, Manitoba and 225 kilometers south of the City of Thompson, Manitoba. The Minago nickel project is comprised of approximately 94 mining claims and two mining leases.
Financial Overview
For the six months ended 30 September 2023, Flying Nickel Mining Corp revenues was not reported. Net loss decreased 25% to C$1M. Lower net loss reflects Advertising and promotion decrease of 97% to C$15K (expense), Share based payments decrease of 38% to C$384K (expense), Cost recoveries increase from C$6K to C$165K (income). Basic Earnings per Share excluding Extraordinary Items remained flat at -C$0.02.
Reporting Currency: Canadian Dollars
Enterprise value: $5.76M as of Sep 30, 2023
Annual revenue (TTM): $0.00M as of Sep 30, 2023
EBITDA (TTM): -$2.27M as of Sep 30, 2023
Net annual income (TTM): -$2.57M as of Sep 30, 2023
Free cash flow (TTM): -$10.52M as of Sep 30, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 88,064,805 as of Jan 2, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization