Nickel 28 Capital Corp. (V:NKL)
Business Focus: Specialty Mining & Metals (NEC)
| Sector: Basic Materials | Industry: Specialty Mining & Metals |
| Company Contact | |
| Address: | 155 University Avenue, Suite 1240 TORONTO ON M5H 3B7 |
| Tel: | N/A |
| Website: | https://www.nickel28.com |
| IR: | See website |
| Key People | ||
| Anthony Milewski Chairman of the Board | Justin Cochrane President, Chief Executive Officer, Executive Director | Conor Kearns Chief Financial Officer, Corporate Secretary |
| Business Overview |
| Nickel 28 Capital Corp. is a Canada-based nickel-cobalt producer through its 8.56% joint-venture interest in the Ramu Nickel-Cobalt Operation located in Papua New Guinea. In addition, the Company manages a portfolio of nickel and cobalt royalties on projects in Canada, Australia and Papua New Guinea, including a 1.75% net smelter return (NSR) royalty on the fully permitted Dumont nickel project in Quebec and a 2.0% NSR royalty on the Turnagain nickel project in British Columbia. The Company is focused on building its portfolio of battery metals investments, including streams, royalties and other direct interests in producing mines, development projects or exploration properties. The Company's royalties include Dumont Nickel-Cobalt Royalty, Turnagain Nickel-Cobalt Royalty, Flemington Cobalt-Scandium-Nickel Royalty and Nyngan Cobalt-Scandium-Nickel Royalty. |
| Financial Overview |
| For the nine months ended 31 October 2023, Nickel 28 Capital Corp revenues was not reported. Net income decreased 71% to $2.2M. Net income was partially offset by Professional fees increase from $210K to $2.7M (expense), Salaries and fees increase from $1.3M to $2.8M (expense), Share of operating profit from Ramu Nick decrease of 8% to $13.3M (income). Basic Earnings per Share excluding Extraordinary Items decreased from $0.09 to $0.02. |
| Employees: | 7 as of Jun 30, 2019 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $130.51M as of Oct 31, 2023 |
| Annual revenue (TTM): | $0.00M as of Oct 31, 2023 |
| EBITDA (TTM): | -$18.43M as of Oct 31, 2023 |
| Net annual income (TTM): | $0.78M as of Oct 31, 2023 |
| Free cash flow (TTM): | -$15.61M as of Oct 31, 2023 |
| Net Debt Last Fiscal Year: | $53.96M as of Oct 31, 2023 |
| Shares outstanding: | 95,108,944 as of Dec 28, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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