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American Cumo Mining Corporation (V:MLY)

Business Focus: Integrated Mining

Sector:  Basic Materials Industry:  Integrated Mining
See Regulatory Filings on SEDAR
Company Contact
Address: 638 Millbank
Tel: N/A
IR: See website
Key People
Shaun M. Dykes
President, Chief Executive Officer, Director
Trevor Burns
Chief Financial Officer, Vice President - Corporate Communications, Director
Business Overview
American CuMo Mining Corporation is a Canada-based exploration and development company with mineral right interests in the United States and Canada. Its segments include Canada and the United States. Its CuMo molybdenum project is located in the mountains of south-central Idaho, approximately 15 miles northeast of the town of Idaho City in the United States. It consists of approximately eight unpatented mineral claims. It has two layers of diversification: the upper half contains higher grades of silver and copper compared to molybdenum, and the lower half includes molybdenum, with lower grades of silver and copper. Its Boise property, also located in Idaho, is contiguous to and provides access to the CuMo molybdenum Project. The Spruce Mountain molybdenum-silver porphyry project is located in North Eastern Nevada, the United States, approximately 25 miles north of the town of Currie. It is a prospective property for molybdenum, with copper, silver, gold and rhenium by-products.
Financial Overview
For the nine months ended 31 March 2021, AmericanCuMo Mining Corp revenues was not reported. Net lossdecreased 26% to C$922K. Lower net loss reflects Foreignexchange loss decrease from C$727K (expense) to C$6K(income), Interest expense and bank charges decrease of 97%to C$6K (expense), Rent decrease of 82% to C$15K (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $22.51M as of Mar 31, 2021
Annual revenue (TTM): $0.00M as of Mar 31, 2021
EBITDA (TTM): -$0.76M as of Mar 31, 2021
Net annual income (TTM): -$0.92M as of Mar 31, 2021
Free cash flow (TTM): -$0.48M as of Mar 31, 2021
Net Debt Last Fiscal Year: $10.39M as of Mar 31, 2021
Shares outstanding: 221,565,200 as of Jun 8, 2021
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization