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Infinite Ore Corp. (V:ILI)

Business Focus: Nonferrous Metal Mining

Sector:  Basic Materials Industry:  Specialty Mining & Metals
See Regulatory Filings on SEDAR
Company Contact
Address: Suite 1240 - 789 West Pender Street
Tel: N/A
IR: See website
Key People
J.C. St-Amour
President, Director
John Masters
Chief Financial Officer, Corporate Secretary, Director
Business Overview
Infinite Ore Corp., formerly Infinite Lithium Corp, is a Canada-based mining exploration company focused on seeking and acquiring lithium projects globally. Its focus is on the Jackpot Lithium property located in the Georgia Lake Area, Thunder Bay mining division, Ontario. The Jackpot Lithium property, located in the Georgia Lake Area about 140 km NNE of Thunder Bay, Ontario, is situated approximately 12 km by air from the TransCanada Highway (Hwy 11) and the main railroad which connects to the port town of Nipigon, on Lake Superior. The Company owns North Buffy Lake Property in the Red Lake district, Canada. It also owns the Dixie 3 and Ben Lake properties located in the Red Lake Mining District. The Dixie 3 and Ben Lake properties are contiguous and comprises approximately 178 single-cell mining claims and three boundary cell mining claims, covering approximately 3,680 hectares.
Financial Overview
For the nine months ended 31 October 2020, InfiniteOre Corp revenues was not reported. Net loss increased fromC$377K to C$939K. Higher net loss reflects Consulting feesincrease from C$126K to C$262K (expense), Office andadministration increase from C$42K to C$98K (expense),Share-based compensation increase from C$0K to C$53K(expense). Basic Earnings per Share excluding ExtraordinaryItems remained flat at -C$0.01.
Reporting Currency: Canadian Dollars
Enterprise value: $11.16M as of Oct 31, 2020
Annual revenue (TTM): $0.00M as of Oct 31, 2020
EBITDA (TTM): -$0.99M as of Oct 31, 2020
Net annual income (TTM): -$1.40M as of Oct 31, 2020
Free cash flow (TTM): -$1.63M as of Oct 31, 2020
Net Debt Last Fiscal Year: N/A
Shares outstanding: 126,182,035 as of Jan 11, 2021
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization