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Grid Metals Corp. (V:GRDM)

Business Focus: Diversified Mining

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