Sector: Basic Materials | Industry: Diversified Mining |
Company Contact | |
Address: | 3335 Yonge St Suite 304 TORONTO ON M5N 2M1 |
Tel: | N/A |
Website: | https://www.gridmetalscorp.com |
IR: | See website |
Key People | ||
Robin E. Dunbar President, Chief Executive Officer, Director | Douglas Harris Chief Financial Officer | David Charles Bernard Peck Vice President - Exploration and Business Development | Brandon Smith Chief Development Officer |
Business Overview |
Grid Metals Corp. is a Canada-based exploration and development company. The Company is focused on both lithium and nickel-copper-platinum group metals in the Bird River area, approximately 150 kilometers (km) northeast of Winnipeg, Manitoba. It controls two lithium properties: Donner Lake and Falcon West. The 75% owned Donner Lake Property is situated 35 kilometers (km) north of the producing Tanco mine, one of only two lithium-producing mines in Canada. The Falcon West project covers 61,200 ha with 70 km of strike length along a prospective contact zone. Its Makwa Mayville Project is located in the Bird River Greenstone Belt approximately 145 km from Winnipeg, Manitoba. The project consists of two open pit NI 43-101 resources containing nickel, copper, platinum group metals and cobalt mineralization. Its East Bull Lake (EBL) palladium property covers 80% of the prospective EBL intrusion. Its Mayville PGE Zone is located approximately one km southeast of the Mayville Deposit. |
Financial Overview |
For the nine months ended 30 September 2023, Grid Metals Corp revenues was not reported. Net loss applicable to common stockholders totaled C$9.2M vs. income of C$586K. Net loss reflects Gain on disposition of exploration and e decrease of 97% to C$134K (income), Exploration and evaluation expenditures increase of 34% to C$7.1M (expense), Management fees and directors fees increase from C$181K to C$716K (expense). |
Reporting Currency: | Canadian Dollars |
Enterprise value: | $2.05M as of Sep 30, 2023 |
Annual revenue (TTM): | $0.00M as of Sep 30, 2023 |
EBITDA (TTM): | -$12.21M as of Sep 30, 2023 |
Net annual income (TTM): | -$9.49M as of Sep 30, 2023 |
Free cash flow (TTM): | -$14.32M as of Sep 30, 2023 |
Net Debt Last Fiscal Year: | N/A |
Shares outstanding: | 203,926,164 as of Mar 20, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |