Sector: Basic Materials | Industry: Diversified Mining |
Company Contact | |
Address: | 66 Wellington Street West,, Suite 4100 TORONTO ON M5K 1B7 |
Tel: | N/A |
Website: | www.nuinsco.ca |
IR: | See website |
Key People | ||
Rene Real Galipeau Chairman of the Board | Paul L. Jones Chief Executive Officer, Director | Kyle Appleby Chief Financial Officer |
Business Overview |
Nuinsco Resources Limited is a Canada-based multi-commodity mineral exploration and development company focused on prospective opportunities in Canada and internationally. The Company is engaged in the exploration and evaluation of properties for the mining of precious and base metals. It operates three properties in Ontario: the high-grade Sunbeam gold property near Atikokan optioned to First Class Metals PLC; the large multi-commodity (phosphate, rare earth element, niobi-um, tantalum) Prairie Lake project near Marathon-Terrace Bay, and the Zig Zag Lake property (lithium, tantalum) near Armstrong. In addition, it has an agreement for gold exploitation at the El Sid project in the Eastern Desert of Egypt. The Prairie Lake project is located near Marathon, Ontario consisting of nine claims comprising of 46 mining claims (27 single cell and 19 boundary cell mining claims), encompassing 608 ha. The Sunbeam Gold Property is located about 30 km northeast of Atikokan, north-western Ontario. |
Financial Overview |
For the nine months ended 30 September 2023, Nuinsco Resources Limited revenues was not reported. Net loss increased 73% to C$446K. Higher net loss reflects General and administrative increase of 59% to C$465K (expense), Share-based payments increase from C$0K to C$48K (expense), Gain on settlement of debt decrease from C$8K (income) to C$0K. |
Employees: | 9 as of Dec 31, 2013 |
Reporting Currency: | Canadian Dollars |
Enterprise value: | $2.89M as of Sep 30, 2023 |
Annual revenue (TTM): | $0.00M as of Sep 30, 2023 |
EBITDA (TTM): | -$0.74M as of Sep 30, 2023 |
Net annual income (TTM): | -$0.83M as of Sep 30, 2023 |
Free cash flow (TTM): | -$0.90M as of Sep 30, 2023 |
Net Debt Last Fiscal Year: | $0.01M as of Sep 30, 2023 |
Shares outstanding: | 592,863,512 as of Sep 30, 2023 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |