Green Shift Commodities Ltd. (V:GCOM)
Business Focus: Specialty Mining & Metals (NEC)
| Sector: Basic Materials | Industry: Specialty Mining & Metals |
| Company Contact | |
| Address: | 303 - 217 Queen St. West TORONTO ON M5V 0R2 |
| Tel: | N/A |
| Website: | https://www.greenshiftcommodities.com |
| IR: | See website |
| Key People | ||
| Richard Spencer Chairman of the Board | Trumbull Fisher Chief Executive Officer, Director | John Charles Ross Chief Financial Officer |
| Business Overview |
| Green Shift Commodities Ltd. is a Canada-based company focused on the exploration and development of commodities needed to help decarbonize and meet net-zero goals. The Company is advancing a portfolio of lithium prospects across the Americas. This includes the Rio Negro Project, a district-scale project in an area known to contain hard rock lithium pegmatite and the Santiago Luis Lithium Project, both located in Argentina. The Company is also exploring the Armstrong Project, located in the Seymour-Crescent-Falcon lithium belt in northern Ontario, known to host spodumene-bearing lithium pegmatites and significant discoveries. The Rio Negro Project consists of approximately 500,000 hectares (ha), 300,000 ha of which is 100% owned with an option to acquire the remaining. The Armstrong Project consists of about 90 contiguous claims totaling 1,800 ha, in the Seymour-Crescent-Falcon lithium belt. The Armstrong Project is located about 55 kilometers northeast of the town of Armstrong. |
| Financial Overview |
| For the nine months ended 30 September 2023, Green Shift Commodities Ltd. revenues was not reported. Net loss increased from C$783K to C$1.8M. Higher net loss reflects exploration and evaluation of uranium properties segment loss increase from C$442K to C$1.8M. Basic Earnings per Share excluding Extraordinary Items remained flat at -C$0.02. |
| Employees: | 32 as of Dec 31, 2014 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $1.17M as of Sep 30, 2023 |
| Annual revenue (TTM): | $0.00M as of Sep 30, 2023 |
| EBITDA (TTM): | -$4.55M as of Sep 30, 2023 |
| Net annual income (TTM): | -$4.15M as of Sep 30, 2023 |
| Free cash flow (TTM): | -$3.03M as of Sep 30, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 95,788,818 as of Oct 10, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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