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New Millennium Iron Corp. (T:NML)

Business Focus: Iron Ore Mining

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Sector:  Basic Materials Industry:  Steel
 
See Regulatory Filings on SEDAR
Company Contact
Address: 250 2 St SW Suite 1000
CALGARY AB T2P 0C1
Tel: 1-416-5779927
Website: www.nmliron.com
IR: See website
Key People
Mario B. Caron
Chairman of the Board, Acting Chief Executive Officer
Robert P. Boisjoli
Chief Financial Officer
Rock Gagnon
Vice President - Operations and Taconite Project Leader
Brigitte Masella
Vice President - Environmental and Social Affairs
   
Business Overview
New Millennium Iron Corp. is engaged in the exploration, evaluation and development of mineral properties. The Company operates through the exploration and evaluation of mineral resources segment. Its Taconite Project has centered on the development of either or both of the LabMag and KeMag deposits to produce pellets and concentrate. The LabMag Property is located in Western Labrador, centered approximately 30 kilometers to the northwest of the town of Schefferville, Quebec. It controls the Millennium Iron Range (MIR), which holds undeveloped magnetic iron ore deposits in Canada's iron ore district, the Labrador Trough, located in the Province of Newfoundland and Labrador and in the Province of Quebec. The Howells River North deposits are located between the LabMag and KeMag deposits. The Lac Ritchie property is located at the north end of the Range. The Direct Shipping Ore (DSO) Project contains approximately 98.9 million tons of measured and indicated mineral resources.
Financial Overview
For the six months ended 30 June 2019, New Millennium Iron Corp revenues was not reported. Net income totaled C$842K vs. loss of C$532K. Net income reflects Change in fair value of long-term invest increase from C$486K (expense) to C$523K (income), Change in fair value of marketable secur increase from C$67K to C$462K (income), Investment income increase of 28% to C$500K (income).
Employees: 4 as of Dec 31, 2016
Reporting Currency: Canadian Dollars
Enterprise value: N/A
Annual revenue (TTM): $0.00M as of Jun 30, 2019
EBITDA (TTM): -$5.89M as of Jun 30, 2019
Net annual income (TTM): $1.67M as of Jun 30, 2019
Free cash flow (TTM): $3.38M as of Jun 30, 2019
Net Debt Last Fiscal Year: N/A
Shares outstanding: 181,054,146 as of Jun 30, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization