Sector: Basic Materials | Industry: Diversified Mining |
Company Contact | |
Address: | 211 Yonge St Suite 502 TORONTO ON M5B 1M4 |
Tel: | N/A |
Website: | https://sterlingmetals.ca |
IR: | See website |
Key People | ||
Mathew Wilson President, Chief Executive Officer, Director | Dennis Logan Chief Financial Officer |
Business Overview |
Sterling Metals Corp. is a Canada-based mineral exploration company. The Company's principal business activity is the exploration and development of resource properties. The Company is advancing the 24,000-hectare Copper Road Project in Ontario which has past production, and multiple breccia and porphyry targets strategically located near robust infrastructure and the 29,000-hectare Adeline Project in Labrador which covers an entire sediment-hosted copper belt with significant silver credits. The Copper Road Project is located in Batchewana Bay, Ontario, which has a package hosting two past-producing copper mines, the Tribag Mine and the Coppercorp Mine, and the Project has several confirmed zones of mineralization, with each zone containing multiple under-explored mineralized breccia pipes. The Adeline Project is located in the prolific Central Mineral Belt in Labrador, Canada. The Company's Sail Pond project is located on Newfoundland's Great Northern Peninsula, eastern Canada. |
Financial Overview |
For the three months ended 31 March 2024, Sterling Metals Corp revenues was not reported. Net loss decreased 54% to C$227K. Lower net loss reflects Share-based compensation decrease from C$235K (expense) to C$0K, Investor relations decrease of 19% to C$96K (expense), General and administration decrease of 27% to C$55K (expense). |
Reporting Currency: | Canadian Dollars |
Enterprise value: | $2.37M as of Mar 31, 2024 |
Annual revenue (TTM): | $0.00M as of Mar 31, 2024 |
EBITDA (TTM): | -$1.70M as of Mar 31, 2024 |
Net annual income (TTM): | -$1.30M as of Mar 31, 2024 |
Free cash flow (TTM): | -$5.22M as of Mar 31, 2024 |
Net Debt Last Fiscal Year: | N/A |
Shares outstanding: | 112,499,425 as of Mar 31, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |