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Lithium Ion Energy Ltd. (V:ION)

Business Focus: Diversified Mining

Sector:  Basic Materials Industry:  Diversified Mining
 
Company Contact
Address: 90 Adelaide Street West, Suite 400
Toronto ON M5H3V9
Tel: N/A
Website: https://www.ionenergy.ca
IR: See website
Key People
Ali Haji
President, Chief Executive Officer, Director
John Mcvicar
Chief Financial Officer
 
Business Overview
Lithium ION Energy Ltd., formerly ION Energy Limited, is a Canada-based company, which is engaged in exploring and developing lithium resources in strategic jurisdictions. The Company's flagship, approximately 81,000 plus hectare Baavhai Uul lithium brine project is a lithium brine exploration project. It also holds the 29,000 plus hectare Urgakh Naran highly prospective lithium brine license in Dorngovi Province in Mongolia. Urgakh Naran Lithium Brine Project is located 150 kilometers (km) WNW of the Company's flagship Baavhai Uul Lithium Project. The Company also holds two new claims by staking in Northwest Territories (NWT), Canada, identified as the Little Nahanni claims (Little Nahanni). The Little Nahanni claims approximately 900 hectares. The Company also holds Bliss Lake Lithium Pegmatite Project in NWT, Canada (Bliss Lake).
Financial Overview
For the nine months ended 30 September 2023, Lithium ION Energy Ltd revenues was not reported. Net loss decreased 10% to C$1.8M. Lower net loss reflects Marketing expenses decrease of 27% to C$588K (expense), General and office decrease of 61% to C$111K (expense), Professional fees decrease of 8% to C$631K (expense). Basic Earnings per Share excluding Extraordinary Items remained flat at -C$0.03.
Reporting Currency: Canadian Dollars
Enterprise value: $4.32M as of Sep 30, 2023
Annual revenue (TTM): $0.00M as of Sep 30, 2023
EBITDA (TTM): -$2.33M as of Sep 30, 2023
Net annual income (TTM): -$2.33M as of Sep 30, 2023
Free cash flow (TTM): -$2.55M as of Sep 30, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 65,087,462 as of Sep 30, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization