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Northern Shield Resources Inc. (V:NRN)

Business Focus: Platinum Mining

Sector:  Basic Materials Industry:  Non-Gold Precious Metals & Minerals
 
Company Contact
Address: 150 Elgin Street, 10th Floor
OTTAWA ON K2P 1L4
Tel: N/A
Website: www.northern-shield.com
IR: See website
Key People
Ian C. Bliss
President, Chief Executive Officer, Director
Samuel Legg
Chief Financial Officer
 
Business Overview
Northern Shield Resources Inc. is a Canada-based mineral exploration company. The Company is engaged in the business of identifying, acquiring, and exploring mineral properties located primarily in Eastern Canada. It is focused on exploring platinum group element (PGE) and Noril'sk style nickel-copper-PGE deposits in under-explored regions of Canada, primarily in the Labrador Trough of Northern Quebec. Its properties include Root & Cellar (Au-Ag, Cu); Zuleika (Au-Ag (Ni)); Shot Rock (AU-AG); Idefix (Ni-Cu-PGE) and Huckleberry (Ni-Cu-PGE). The Root & Cellar property is located near Marystown and Creston on the Burin Peninsula. The Zuleika property consists of six mineral licenses covering approximately 123 square kilometers (km2) 30 km west of Clarenville in east-central Newfoundland. The Shot Rock property is composed of approximately 35 mining licenses. The Idefix property is located 75 km northwest of the Community of Kuujjuaq, in the Nunavik region of the province of Quebec.
Financial Overview
For the nine months ended 30 September 2023, Northern Shield Resources Inc revenues was not reported. Net loss increased 45% to C$629K. Higher net loss reflects General and administrative - Balancing v increase from C$212K to C$472K (expense). Basic Earnings per Share excluding Extraordinary Items remained flat at -C$0.01.
Reporting Currency: Canadian Dollars
Enterprise value: $2.70M as of Sep 30, 2023
Annual revenue (TTM): $0.00M as of Sep 30, 2023
EBITDA (TTM): -$0.85M as of Sep 30, 2023
Net annual income (TTM): -$0.81M as of Sep 30, 2023
Free cash flow (TTM): -$0.85M as of Sep 30, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 83,264,091 as of Jan 9, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization