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FPX Nickel Corp. (V:FPX)

Business Focus: Nickel Ore Mining

Sector:  Basic Materials Industry:  Specialty Mining & Metals
See Regulatory Filings on SEDAR
Company Contact
Address: Suite 620 - 1155 West Pender Street
Tel: N/A
IR: See website
Key People
Martin Emery Joseph Turenne
President, Chief Executive Officer, Director
J. Christopher Mitchell
Chief Financial Officer, Corporate Secretary
Andrew Osterloh
Vice President - Projects
Business Overview
FPX Nickel Corp. is a Canada-based junior nickel mining company. The Company is focused on the exploration and development of the Decar Nickel District, located in central British Columbia, and other occurrences of the same style of naturally occurring nickel-iron alloy mineralization known as awaruite. The Company has a portfolio of five nickel-iron alloy properties, four in British Columbia and one in the Yukon Territory, all 100% owned. The Mich property is located approximately 55 kilometers (kms) southeast of Whitehorse in the southern Yukon Territory. It lies approximately 18 kms off the Alaska Highway and 200 kms by road from the port of Skagway, Alaska. The Company's British Columbia properties include Orca, Wale and Klow. The Orca and Wale properties are located approximately 35 to 45 kms east of Dease Lake and together cover an area of approximately 157 square kilometers in the Stikine Ranges of northern B.C.
Financial Overview
For the six months ended 30 June 2022, FPX Nickel Corp revenues was not reported. Net loss decreased 50% to C$1.4M. Lower net loss reflects Share-based compensation decrease of 82% to C$388K (expense), Interest income increase of 43% to C$65K (income), Accounting, legal and audit decrease of 33% to C$14K (expense). Basic Earnings per Share excluding Extraordinary Items remained flat at -C$0.01.
Employees: 6 as of Dec 31, 2021
Reporting Currency: Canadian Dollars
Enterprise value: $113.52M as of Jun 30, 2022
Annual revenue (TTM): $0.00M as of Jun 30, 2022
EBITDA (TTM): -$2.52M as of Jun 30, 2022
Net annual income (TTM): -$2.47M as of Jun 30, 2022
Free cash flow (TTM): -$8.07M as of Jun 30, 2022
Net Debt Last Fiscal Year: N/A
Shares outstanding: 216,107,863 as of Sep 14, 2022
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization