Morien Resources Corp. (V:MOX)
Business Focus: Coal (NEC)
| Sector: Energy | Industry: Coal |
| Company Contact | |
| Address: | 1701 Hollis Street, Suite 800 DARTMOUTH NS B3J 3M8 |
| Tel: | N/A |
| Website: | https://morienres.com |
| IR: | See website |
| Key People | ||
| John P. A. Budreski Executive Chairman of the Board | Dawson C. Brisco President, Chief Executive Officer, Director | Susanne H. Willett Chief Financial Officer | Suzan Frazer Corporate Secretary |
| Business Overview |
| Morien Resources Corp. is a Canada-based mining development company focused on the identification and purchase of mineral projects. The Company holds two royalty interests in coal and aggregates on tidewater-accessed projects in Nova Scotia, Canada. The Company's project developments include Donkin Coal Mine and Black Point Aggregate Project. The Donkin Coal Mine is located in Eastern Canada, Cape Breton, Nova Scotia. The Company owns a gross production royalty on coal sales from the Donkin Mine in Cape Breton, Nova Scotia, owned by Kameron Collieries ULC, a subsidiary of The Cline Group LLC. The Black Point Aggregate Project is a granite deposit with a mine life of around 75-years located along the southern shore of Chedabucto Bay in Guysborough County, Nova Scotia, with suitable characteristics for the development of a crushed stone marine export operation for supplying markets in the eastern United States and Caribbean region. Its subsidiary is Advanced Primary Minerals USA Corp. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Morien Resources Corp revenues increased from C$173K to C$962K. Net loss decreased 44% to C$308K. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Lower net loss reflects Unrealized gain on investment increase from C$0K to C$27K (income), Evaluation decrease of 73% to C$9K (expense), Investment income increase of 66% to C$64K (income). |
| Employees: | 6 as of Jun 30, 2005 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $16.78M as of Dec 31, 2023 |
| Annual revenue (TTM): | $0.96M as of Dec 31, 2023 |
| EBITDA (TTM): | -$0.38M as of Dec 31, 2023 |
| Net annual income (TTM): | -$0.31M as of Dec 31, 2023 |
| Free cash flow (TTM): | $0.01M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 51,292,000 as of Dec 31, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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