Minnova Corp (V:MCI)
Business Focus: Gold Mining
| Sector: Basic Materials | Industry: Gold |
| Company Contact | |
| Address: | 217 Queen St. West, Suite 401 TORONTO ON M5V 0R2 |
| Tel: | N/A |
| Website: | www.aurigagold.ca |
| 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 nine months ended 31 December 2023, Minnova Corp revenues was not reported. Net loss increased 29% to C$835K. Higher net loss reflects Exploration and evaluation expenditures increase of 84% to C$421K (expense), Research expense increase from C$0K to C$134K (expense), Professional and consulting fees increase of 39% to C$80K (expense). Basic Earnings per Share excluding Extraordinary Items remained flat at -C$0.01. |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $6.24M as of Dec 31, 2023 |
| Annual revenue (TTM): | $0.00M as of Dec 31, 2023 |
| EBITDA (TTM): | -$2.07M as of Dec 31, 2023 |
| Net annual income (TTM): | -$2.04M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$0.45M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $0.12M as of Dec 31, 2023 |
| Shares outstanding: | 70,020,176 as of Dec 31, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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