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Infinico Metals Corp. (V:INFM)

Business Focus: Diversified Mining

Sector:  Basic Materials Industry:  Diversified Mining
Company Contact
Address: 1030 West Georgia Street, 15th Floor
Tel: N/A
IR: See website
Key People
Tom Panoulias
Executive Chairman of the Board
Sam Walding
Chief Executive Officer
Stephen Sulis
Chief Financial Officer
Business Overview
Infinico Metals Corp. is focused on the exploration for critical metals (nickel, copper, and cobalt) in the province of Quebec. The Company has an option agreement with Globex Mining Enterprises Inc. on the Dalhousie Project, which hosts magmatic Ni-Cu-Co sulfide mineralization. The Dalhousie Project consists of approximately 31 claims located over 53 kilometers (km) to the east of Matagami and four km south of Ramsay Bay at Lac au Goeland, Quebec. The Company also holds a series of key gold prospects on the Burin Peninsula, Newfoundland, where it has completed 6,840 meters of diamond drilling on the Hickey's Pond target. Hickey's Pond is a gold showing within the Burin Gold Project, a Neoproterozoic high-sulphidation gold system located on the Burin Peninsula, Newfoundland. The property encompasses two parallel mineralized trends: the Hickey's Pond trend and the Paradise trend. Its Hickey's Pond-Paradise Gold Project hosts several historical high-sulphidation gold showings.
Financial Overview
For the nine months ended 30 September 2023, Infinico Metals revenues was not reported. Net loss decreased 82% to C$915K. Lower net loss reflects Exploration and evaluation costs decrease of 92% to C$305K (expense), Share-based payments decrease from C$864K (expense) to C$0K, Office and general decrease of 68% to C$29K (expense). Basic Earnings per Share excluding Extraordinary Items increased from -C$0.13 to -C$0.02.
Reporting Currency: Canadian Dollars
Enterprise value: $4.74M as of Sep 30, 2023
Annual revenue (TTM): $0.00M as of Sep 30, 2023
EBITDA (TTM): -$1.04M as of Sep 30, 2023
Net annual income (TTM): -$1.27M as of Sep 30, 2023
Free cash flow (TTM): -$0.93M as of Sep 30, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 57,751,018 as of Feb 9, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization