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 TORONTO ON M5C 1P1 |
| Tel: | 1-416-8681079 |
| Website: | https://sokomanmineralscorp.com |
| 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 | |
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