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Lion One Metals Limited (V:LIO)

Business Focus: Gold Mining

Sector:  Basic Materials Industry:  Gold
 
See Regulatory Filings on SEDAR
Company Contact
Address: 311 WEST 1ST STREET
VANCOUVER BC V7M 1B5
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
Hamish Greig
Vice President, Corporate Secretary
Stephen Thomas Mann
Managing Director, Director
   
Business Overview
Lion One Metals Limited is engaged in the business of acquiring, exploring, and developing mineral properties. The Company has non-material exploration properties, including a tenement interest in the Olary Creek iron project in South Australia, and over two exploration properties covering over 27,490 hectares within two special prospecting licenses on the island of Vanua Levu in Fiji. Its primary asset is the Tuvatu Gold Project located near Nadi on the island of Viti Levu, Fiji. Its Mineral Resources Department (MRD) of Fiji has granted Special Mining Lease 62 (SML 62) on the Tuvatu project to the Company. The Fijian Islands are located along the Pacific Island Arc, which hosts various mineral epithermal gold deposits systems, such as the Lihir, Porgera, Ok Tedi, and Wafi-Golpu gold deposits in Papua New Guinea. The Olary Creek Project is located in South Australia over 70 kilometers (km) southwest of Broken Hill, New South Wales, and over 40 km south of the Barrier Highway.
Financial Overview
For the nine months ended 31 March 2020, Lion One Metals Ltd revenues was not reported. Net loss increased 8% to C$1.7M. Higher net loss reflects Investor relations increase of 27% to C$469K (expense), Foreign exchange (gain) loss increase from C$42K (income) to C$16K (expense), Interest income decrease of 21% to C$209K (income). Basic Earnings per Share excluding Extraordinary Items remained flat at -C$0.02.
Reporting Currency: Canadian Dollars
Enterprise value: $168.34M as of Mar 31, 2020
Annual revenue (TTM): $0.00M as of Mar 31, 2020
EBITDA (TTM): -$2.30M as of Mar 31, 2020
Net annual income (TTM): -$2.34M as of Mar 31, 2020
Free cash flow (TTM): -$4.99M as of Mar 31, 2020
Net Debt Last Fiscal Year: N/A
Shares outstanding: 118,162,797 as of May 25, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization