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Sokoman Minerals Corp. (V:SIC)

Business Focus: Diversified Mining

Sector:  Basic Materials Industry:  Diversified Mining
See Regulatory Filings on SEDAR
Company Contact
Address: 82 Richmond St E
Tel: 1-416-8681079
IR: See website
Key People
Timothy Froude
President, Chief Executive Officer, Director
Eric Myung
Chief Financial Officer
Catherine D. Hume
Independent Director
Business Overview
Sokoman Minerals Corp. is a Canada-based discovery-oriented company. The Company's primary focus is its portfolio of gold projects, flagship Moosehead, Crippleback Lake and East Alder along the Central Newfoundland Gold Belt, and the district-scale Fleur de Lys project in northwestern Newfoundland, which is targeting Dalradian-type orogenic gold mineralization similar to the Curraghinalt and Cavanacaw deposits in Northern Ireland, and Cononish in Scotland. The Moosehead property consists of 98 claims totaling approximately 2,450 hectares adjacent to the Trans-Canada-Highway. The property is subject to a 2.0% net smelter return (NSR) royalty, including 1.5% to the vendor and a 0.5% NSR royalty to an arms-length third party. The Fleur de Lys Project represents a readily accessible yet underexplored, district-scale, gold target in the Newfoundland Appalachians. The project's 98% of property is 100% owned with no royalties or required payments.
Financial Overview
For the nine months ended 31 March 2022, Sokoman Minerals Corp revenues was not reported. Net loss increased from C$2.2M to C$8.4M. Higher net loss reflects Mineral exploration expenses increase from C$1.8M to C$6.3M (expense), Share-based payments increase from C$287K to C$1.2M (expense), FV Adjustments of Financial Investments increase from C$125K (income) to C$86K (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $43.21M as of Mar 31, 2022
Annual revenue (TTM): $0.00M as of Mar 31, 2022
EBITDA (TTM): -$9.74M as of Mar 31, 2022
Net annual income (TTM): -$9.92M as of Mar 31, 2022
Free cash flow (TTM): -$8.54M as of Mar 31, 2022
Net Debt Last Fiscal Year: N/A
Shares outstanding: 214,169,596 as of May 25, 2022
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization