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Greenland Resources Inc. (E:MOLY)

Business Focus: Mining Support Services

Sector:  Basic Materials Industry:  Mining Support Services & Equipment
 
Company Contact
Address: 25 York Street Suite 1810
TORONTO ON M5J 2V5
Tel: 1-844-2520524
Website: https://greenlandresources.ca
IR: See website
Key People
Ruben Shiffman
Executive Chairman of the Board, President
Eric Fredric Grossman
Chief Financial Officer
Keith Minty
Vice President - Engineering and Project Development
Business Overview
Greenland Resources Inc. is a Canada-based resource company. The Company is focused on the acquisition, exploration and development of mineral projects. Its main focus is on its Malmbjerg Molybdenum Project in eastern Greenland. The Malmbjerg Molybdenum Project is an open pit pure molybdenum project located within Greenland Resources mineral exploration license MEL 2018/11 in east central Greenland. The Malmbjerg molybdenum deposit has Mineral Reserves of 245 million tons at 0.176% MoS2, for 571 million pounds of contained molybdenum metal.
Financial Overview
For the nine months ended 31 December 2023, Greenland Resources Inc revenues was not reported. Net loss applicable to common stockholders increased 46% to C$4.6M. Higher net loss reflects Consulting increase of 73% to C$1.9M (expense), Exploration expenses increase from C$677K to C$1.4M (expense), Stock-based compensation increase of 29% to C$749K (expense). Basic Earnings per Share excluding Extraordinary Items decreased from -C$0.03 to -C$0.04.
Reporting Currency: Canadian Dollars
Enterprise value: $55.55M as of Dec 31, 2023
Annual revenue (TTM): $0.00M as of Dec 31, 2023
EBITDA (TTM): -$5.36M as of Dec 31, 2023
Net annual income (TTM): -$5.21M as of Dec 31, 2023
Free cash flow (TTM): -$4.93M as of Dec 31, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 115,360,322 as of Dec 31, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization