Sector: Basic Materials | Industry: Diversified Mining |
Company Contact | |
Address: | 3028 Quadra Court COQUITLAM BC V3B 5X6 |
Tel: | N/A |
Website: | https://fusebatterymetals.com |
IR: | See website |
Key People | ||
Timothy C. Fernback President, Chief Executive Officer, Director | Robert Guanzon Chief Financial Officer |
Business Overview |
Fuse Battery Metals Inc. is a Canadian based exploration company. The Company's focus is on exploration for high-value metals required for the manufacturing of batteries. It owns 100% of the Lithium Springs Property, which is located at the southern end of Black Rock Desert, Nevada. It also owns 100% of the Monitor Valley North Lithium Property, which includes 97 placer claims covering approximately 770 hectares (ha) of alluvial sediments and clays located 134 km northeast of Tonopah, Nevada. The property is located in Monitor Valley, Nevada. It owns a 100% interest in its Glencore Bucke Property, situated in Bucke Township, 6 km east-northeast of Cobalt, Ontario. The Company also owns a 100% interest, subject to a royalty, in the Teledyne Project located near Cobalt, Ontario. The associated Teledyne Property, located in Bucke and Lorrain Townships, consists of five mining claims totaling approximately 79.1 ha, and 46 unpatented mining claim cells totaling approximately 700 ha. |
Financial Overview |
For the fiscal year ended 31 December 2023, Fuse Battery Metals Inc revenues was not reported. Net loss decreased 37% to C$1.7M. Lower net loss reflects Marketing and communications decrease of 95% to C$46K (expense), Office expenses decrease of 87% to C$8K (expense), Transfer agent and regulatory fees decrease of 32% to C$70K (expense). Basic Earnings per Share excluding Extraordinary Items increased from -C$0.02 to -C$0.01. |
Reporting Currency: | Canadian Dollars |
Enterprise value: | $2.65M as of Dec 31, 2023 |
Annual revenue (TTM): | $0.00M as of Dec 31, 2023 |
EBITDA (TTM): | -$1.67M as of Dec 31, 2023 |
Net annual income (TTM): | -$1.67M as of Dec 31, 2023 |
Free cash flow (TTM): | -$0.93M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | N/A |
Shares outstanding: | 187,948,801 as of Mar 20, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |