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Inventus Mining Corp. (V:IVS)

Business Focus: Diversified Mining

Sector:  Basic Materials Industry:  Diversified Mining
 
Company Contact
Address: 82 Richmond St E
TORONTO ON M5C 1P1
Tel: N/A
Website: www.inventusmining.com
IR: See website
Key People
Stefan Spears
Chairman of the Board, Chief Executive Officer
Carmelo Marrelli
Chief Financial Officer
 
Business Overview
Inventus Mining Corp. is a Canada-based exploration company focused on the development of its gold and critical metals projects located east of the world class mining district of Sudbury, Ontario. The Company holds two 100% owned projects, Pardo Gold and Sudbury 2.0 Polymetallic Gold. The Pardo Paleoplacer Gold Project is located in Ontario, Canada, approximately 65 kilometers (km) northeast of the mining district of Sudbury. The Pardo Project consists of a 3.8 square kilometers (km2) block of mineral leases and 180 km2 of mineral claims covering the target paleoplacer geology. The Sudbury 2.0 Project is located east-northeast of Sudbury, Ontario. The property is accessible by road. The Sudbury 2.0 project consists of 240 km2 of mineral claims covering the Temagami Anomaly. It owns a 100% interest in the property. In addition, the Company, through Conquest Resources, holds claims to the east of the Sudbury 2.0 Project Area.
Financial Overview
For the nine months ended 30 September 2023, Inventus Mining Corp revenues was not reported. Net loss decreased 73% to C$505K. Lower net loss reflects Loss on sale of short-term investments decrease from C$263K (expense) to C$0K, Stock-based compensation decrease from C$108K (expense) to C$0K, Professional Fees decrease of 60% to C$55K (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $6.88M as of Sep 30, 2023
Annual revenue (TTM): $0.00M as of Sep 30, 2023
EBITDA (TTM): -$0.60M as of Sep 30, 2023
Net annual income (TTM): -$0.61M as of Sep 30, 2023
Free cash flow (TTM): -$1.14M as of Sep 30, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 167,964,904 as of Sep 30, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization