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Nickel Rock Resources Inc. (V:NICL)

Business Focus: Specialty Mining & Metals (NEC)

Sector:  Basic Materials Industry:  Specialty Mining & Metals
See Regulatory Filings on SEDAR
Company Contact
Address: 1220 - 789 West Pender Street
Tel: N/A
IR: See website
Key People
Robert Setter
President, Chief Executive Officer, Director
Konstantin Lichtenwald
Chief Financial Officer
Business Overview
Nickel Rock Resources Inc. is a Canada-based mineral exploration company. The Company is principally focused on exploring battery metals required for the electric vehicle (EV) market. The Company owns a 100% interest in approximately 77 lithium placer claims covering over 640 hectares in Clayton Valley. The Clayton Valley Lithium Project is located at Silver Peak, near Tonopah, Nevada. Clayton Valley is a down-dropped closed basin formed by the Miocene age Great Basin extension. The Company has an option agreement to acquire a 100% interest in six mineral claims (Funk claims) located approximately 15 kilometer (km) west of Mt Sydney Williams near Fort St James, British Columbia (BC). The Company also has an option agreement to earn 100% interest in the Klone Group of mineral claims located in Fort St. James in BC.
Financial Overview
For the nine months ended 31 March 2022, Nickel Rock Resources Inc revenues was not reported. Net loss increased 47% to C$2.4M. Higher net loss reflects Foreign exchange loss decrease from C$40K (income) to C$3K (expense), Rent increase of 39% to C$34K (expense), Depreciation remaining flat at C$17K (expense). Basic Earnings per Share excluding Extraordinary Items increased from -C$0.09 to -C$0.03.
Reporting Currency: Canadian Dollars
Enterprise value: $3.42M as of Mar 31, 2022
Annual revenue (TTM): $0.00M as of Mar 31, 2022
EBITDA (TTM): -$0.72M as of Mar 31, 2022
Net annual income (TTM): -$2.84M as of Mar 31, 2022
Free cash flow (TTM): -$1.03M as of Mar 31, 2022
Net Debt Last Fiscal Year: N/A
Shares outstanding: 72,309,153 as of Mar 31, 2022
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization