Nortec Minerals Corp. (V:NVT)
Business Focus: Diversified Mining
| Sector: Basic Materials | Industry: Diversified Mining |
| Company Contact | |
| Address: | 915 - 700 West Pender Street VANCOUVER BC V6C 1G8 |
| Tel: | N/A |
| Website: | https://nortecminerals.com |
| IR: | See website |
| Key People | ||
| Carlos Fernando Jaramillo Munoz President, Chief Executive Officer, Director | Michael Malana Chief Financial Officer, Corporate Secretary, Director | Peter F. Tegart Independent Executive Director |
| Business Overview |
| Nortec Minerals Corp is a mineral exploration company. The Company is engaged in the acquisition and exploration of mineral properties. It owns 100% interest in the Sturgeon Lake VMS Property located in the Six Mile Lake, Bell Lake and Quest Lake township areas of the Patricia Mining Division of Northwestern Ontario. The Sturgeon Lake VMS Property comprises approximately 456 unpatented mining claims having a combined area of approximately 9,500 hectares and is located approximately 80 kilometers (km) northeast of Ignace, Ontario. It also owns 100 % interest in the Mattagami River zinc property. The Mattagami River Zinc Property comprises 35 unpatented mining claims having a combined area of approximately 735 hectares and is located in Agate and Tucker townships of the Porcupine Mining Division of Northeastern Ontario, approximately 50 km northeast of the town of Kapuskasing, Ontario. Its projects also include Tammela Gold and Tammela Lithium projects in southwest Finland. |
| Financial Overview |
| For the nine months ended 30 September 2023, Nortec Minerals Corp revenues was not reported. Net loss decreased 64% to C$262K. Lower net loss reflects Exploration expenses decrease of 69% to C$265K (expense), Amortization of flow-through premium lia increase from C$0K to C$154K (income), Accounting audit and legal fees decrease of 77% to C$30K (expense). Basic Earnings per Share excluding Extraordinary Items increased from -C$0.11 to -C$0.03. |
| Employees: | 2 as of Dec 31, 2005 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $0.86M as of Sep 30, 2023 |
| Annual revenue (TTM): | $0.00M as of Sep 30, 2023 |
| EBITDA (TTM): | -$1.43M as of Sep 30, 2023 |
| Net annual income (TTM): | -$1.28M as of Sep 30, 2023 |
| Free cash flow (TTM): | -$0.44M as of Sep 30, 2023 |
| Net Debt Last Fiscal Year: | $0.03M as of Sep 30, 2023 |
| Shares outstanding: | 10,193,392 as of Dec 23, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
Disclaimer :: Use of this site is subject to, and your continued use
constitutes your express agreement to be bound by, our Legal and Terms of Use. Any commercial use of this site is
strictly prohibited. Canadianinsider.com is operated by INK Research Corp (INK). INK provides general information.
INK has made all reasonable efforts to ensure that all information provided is accurate at the time of inclusion;
however, there may be errors. INK makes no guarantee of accuracy or completeness. All information and opinion
expressed herein is subject to change without notice. Read more...Insider information is based on filings made on the System
for Electronic Disclosure for Insiders (SEDI®). Data is provided “as is” and by using this site
you acknowledge that the information which comprises the data is filed by or on behalf of the SEDI filers or other
parties legally required or permitted to do so. Filings may at any time contain errors and by using this site you
acknowledge this fact. INK is not an investment advisory service, a financial planner, an investment advisor nor a
securities advisor. INK does not purport to tell people, or suggest to people, what they should buy or sell for
themselves. Opinions and recommendations contained herein should not be construed as investment advice. Do not
assume that any recommendations, insights, charts, theories, or philosophies will ensure profitable investment.
Users should always consult with and obtain advice from their professional licensed financial advisor, including
their tax advisor, to determine the suitability of any investment. INK recommends that anyone making an investment
or trading securities do so with caution. Users should perform full due diligence and investigate any security
fully before making an investment or before the execution of a security trade based upon information learned
through INK. Investors should obtain annual reports and other company information to complete their own due
diligence in any investment. Neither INK nor anyone affiliated with INK is responsible for any investment decision
made. INK employees may have an ownership or investment interest in any stock mentioned in this service or on this
website. On this site, there may be third party content, content from authors or links to third-party sites or
pages, the contents of which are not verified, maintained, controlled or supervised by INK. INK is not responsible
for and assumes no liability for the accuracy, completeness or timeliness of any third party content or authored
content provided herein or the information or contents of any linked sites or pages. The inclusion of any authored
content or link by us does not imply that INK recommends, approves or endorses the authored content or linked site
or pages. INK Edge® and INK Research® are registered trade-marks owned by INK Research Corp. SEDI®
is a registered trade-mark owned by the Alberta Securities Commission.Read less
Please make the indicated changes including the new text: US quotes snapshot data provided by IEX. Additional price data and company information powered by Twelve Data.
Interactive technical study charts by TradingView. Copyright © 2024 INK Research Corp. All rights reserved. All trade-marks or trade names not owned by INK Research Corp. are the property of their respective owners.
