Newpath Resources Inc. (C:PATH)
Business Focus: Diversified Mining
| Sector: Basic Materials | Industry: Diversified Mining |
| Company Contact | |
| Address: | #220 - 333 Terminal Avenue VANCOUVER BC V6A 4C1 |
| Tel: | 1-604-4408474 |
| Website: | https://newpathresources.com |
| IR: | See website |
| Key People | ||
| Alex Mcaulay Chief Executive Officer, Corporate Secretary, Director | Philip Ellard Chief Financial Officer | Douglas Turnbull Chief Operating Officer |
| Business Overview |
| Newpath Resources Inc. is a Canada-based exploration company. The Company is engaged in acquiring, exploring and evaluating mineral resource properties in Canada. The Company's early-stage Orefield Critical Metal Exploration Project, which is comprised of three claim groups, including Alpha/Bravo, Charlie and Delta, totaling approximately 3,164 claim units covering approximately 667,106 hectares (ha) approximately 667 square kilometers west and southwest of Lake Nipigon in Northern Ontario. The Northshore Gold Property in Thunder Bay Mining Division, Priske Township, Ontario, Canada. The Company also wholly owns the Northshore Gold Project located in the Schreiber-Hemlo Greenstone Belt. The Alpha/Bravo claim group (the Project) is comprised of approximately 2,974 claim units covering an area of 63,118 ha, approximately 631 square kilometers. The Orefield Project, which comprises 949 unpatented mineral claims in three separate claim groups. |
| Financial Overview |
| For the nine months ended 31 January 2024, Newpath Resources Inc revenues was not reported. Net loss increased 87% to C$1.8M. Higher net loss reflects Unrealized gain (loss) on derivative ass decrease from C$242K (income) to C$111K (expense), Unrealized gain (loss) on marketable sec increase from C$98K to C$354K (expense), Interest expense increase from C$127K to C$301K (expense). |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $2.46M as of Jan 31, 2024 |
| Annual revenue (TTM): | $0.00M as of Jan 31, 2024 |
| EBITDA (TTM): | -$0.97M as of Jan 31, 2024 |
| Net annual income (TTM): | -$2.49M as of Jan 31, 2024 |
| Free cash flow (TTM): | -$0.94M as of Jan 31, 2024 |
| Net Debt Last Fiscal Year: | $1.80M as of Jan 31, 2024 |
| Shares outstanding: | 19,867,748 as of Jan 31, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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