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Fuse Battery Metals Inc. (V:FUSE)

Business Focus: Diversified Mining

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