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Lion One Metals Limited (V:LIO)

Business Focus: Gold Mining

Sector:  Basic Materials Industry:  Gold
 
Company Contact
Address: #306-267 West Esplanade
NORTH VANCOUVER BC V7M 1A5
Tel: N/A
Website: https://www.liononemetals.com
IR: See website
Key People
Walter H. Berukoff
Chairman of the Board, Chief Executive Officer
Tony Young
Chief Financial Officer
Patrick Hickey
Chief Operating Officer
Hamish Greig
Vice President, Corporate Secretary
Alex Nichol
Vice President - Geology and Exploration
 
Business Overview
Lion One Metals Limited is a Canada-based exploration company. The Company is engaged in the business of mineral exploration and evaluation and is primarily focused on the acquisition, exploration and evaluation of mineral resources in Fiji. The Company owns 100% of Tuvatu Alkaline Gold Project, which is located approximately 24 kilometers northeast of the town of Nadi on the island of Viti Levu in the Republic of Fiji. The area surrounding the Tuvatu gold deposit and resource area is covered by approximately three-square kilometers of special mining lease (SML 62), with the broader project area covered by approximately 13,613 hectares of special prospecting licenses (SMLs 1283, 1296, 1465 and 1512), covering the balance of the Navilawa caldera. The SML 62 provides rights for the potential development, construction, and operation of mining, processing, and waste management infrastructure at Tuvatu. The Company holds over four exploration licenses (SPLs) for the Tuvatu properties.
Financial Overview
For the six months ended 31 December 2023, Lion One Metals Ltd revenues increased from C$0K to C$1.3M. Net loss increased from C$2M to C$7.6M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Higher net loss reflects Foreign exchange gain increase from C$165K (income) to C$574K (expense), Professional fees increase from C$236K to C$558K (expense).
Employees: 305 as of Jun 30, 2023
Reporting Currency: Canadian Dollars
Enterprise value: $88.43M as of Dec 31, 2023
Annual revenue (TTM): $1.31M as of Dec 31, 2023
EBITDA (TTM): -$6.49M as of Dec 31, 2023
Net annual income (TTM): -$8.51M as of Dec 31, 2023
Free cash flow (TTM): -$64.22M as of Dec 31, 2023
Net Debt Last Fiscal Year: $20.21M as of Dec 31, 2023
Shares outstanding: 230,550,241 as of Mar 1, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization