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Minnova Corp (V:MCI)

Business Focus: Gold Mining

Sector:  Basic Materials Industry:  Gold
Company Contact
Address: 217 Queen St. West, Suite 401
Tel: N/A
IR: See website
Key People
Gorden Glenn
Chairman of the Board, President, Chief Executive Officer
Christopher O. Irwin
Interim Chief Financial Officer, Corporate Secretary, Director
Business Overview
Minnova Corp. is a Canada-based cleantech company. The Company is focused on building a pipeline of green energy projects. The Company's core business includes exploration and evaluation of mineral properties in Manitoba, Canada and research on biomass gasification technology to produce renewable energy. Its segments include Mineral exploration and Renewable energy. The Company owns a 100% interest in the PL Mine and contiguous Nokomis property, located in Manitoba, subject to a 3% net smelter royalty (NSR). Its subsidiary, Minnova Renewable Energy Inc. (Minnova Renewable Energy), is engaged in research and development programs focused on investing in and developing innovative biomass gasification technology. Minnova Renewable Energy is focused on carbon reduction technologies, such as the third-generation biomass gasification technology.
Financial Overview
For the six months ended 30 September 2023, Minnova Corp revenues was not reported. Net loss decreased 44% to C$205K. Lower net loss reflects Management and directors compensation decrease of 79% to C$44K (expense), Professional and consulting fees decrease of 37% to C$31K (expense), Foreign exchange income increase from C$0K to C$11K (income).
Reporting Currency: Canadian Dollars
Enterprise value: $1.71M as of Sep 30, 2023
Annual revenue (TTM): $0.00M as of Sep 30, 2023
EBITDA (TTM): -$1.52M as of Sep 30, 2023
Net annual income (TTM): -$1.49M as of Sep 30, 2023
Free cash flow (TTM): -$1.05M as of Sep 30, 2023
Net Debt Last Fiscal Year: $0.12M as of Sep 30, 2023
Shares outstanding: 70,020,176 as of Sep 30, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization