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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
VANCOUVER BC V6C 1H2
Tel: N/A
Website: www.infinitelithium.com
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 six months ended 31 July 2020, Infinite Ore Corp revenues was not reported. Net loss increased from C$293K to C$785K. Higher net loss reflects Consulting fees increase of 83% to C$183K (expense), Office and administration increase from C$21K to C$94K (expense), Share-based compensation increase from C$0K to C$53K (expense). Basic Earnings per Share excluding Extraordinary Items remained flat at -C$0.01.
Reporting Currency: Canadian Dollars
Enterprise value: $3.98M as of Jul 31, 2020
Annual revenue (TTM): $0.00M as of Jul 31, 2020
EBITDA (TTM): -$0.94M as of Jul 31, 2020
Net annual income (TTM): -$1.33M as of Jul 31, 2020
Free cash flow (TTM): -$1.28M as of Jul 31, 2020
Net Debt Last Fiscal Year: N/A
Shares outstanding: 87,611,936 as of Jul 31, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization