NorthIsle Copper and Gold Inc. (V:NCX)
Business Focus: Diversified Mining
Mostly sunny as of April 01, 2024
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Insider Filings
Latest 10 SEDI filings for NCX within the last 6 months
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Company News
Apr 01, 2024 17:53 ET
Northisle Announces Issuance of Share-Based Compensation
Northisle Copper and Gold Inc. (TSX-V: NCX) (“Northisle” or the “Company”) announced that NorthIsle’s Board of Directors has approved the issuance of 150,000 stock options (the “Options”) pursuant to the Company’s incentive stock option plan (the “Stock Option Plan”). The Options provide for the purchase of an aggregate of 150,000 common shares of the Company (the “Common Shares”) at an exercise price of $0.50 per share, which is the closing price for the Common Shares on the TSX Venture Exchange as of April 1, 2024. All of the Options have a 5 year term and vest twelve mo
Mar 18, 2024 07:30 ET
Northisle Strengthens Balance Sheet Following Exercise of Warrants by Cornerstone Investor
Northisle Copper and Gold Inc. (TSX-V: NCX) (“Northisle” or the “Company”) is pleased to announce that a total of 5,048,000 warrants issued on December 17, 2021 have been exercised by Michael Gentile and Pierre Beaudoin for gross proceeds of $1,413,440. These funds will be used to accelerate development of the North Island Project including technical and economic studies. Adjusting for warrant proceeds, the company had $9 million in cash and cash equivalents as of December 31, 2023 (unaudited), with no debt and no additional warrants outstanding.
Valuation Ratios
Industry
Sector
Beta
2.02
--
--
Price to Sales - TTM
--
6.04
4.47
Price to Book - most recent quarter
7.97
2.02
2.00
Price to Cash Flow per share - TTM
--
7.82
9.39
Price to Free Cash Flow per share - TTM
--
18.77
20.54
Short Report
| Date | Number of Shares Shorted | Net Change |
|---|---|---|
| Apr 15, 2024 | 81,501 | -26,141 |
| Mar 31, 2024 | 107,642 | 29,086 |
| Mar 15, 2024 | 78,556 | 78,243 |
Business Summary
| Sector: Basic Materials | Industry: Diversified Mining |
Northisle Copper and Gold Inc. is a Canada-based mineral resource company. The Company is engaged in the exploration and development of its North Island Project on Vancouver Island. The North Island Project is located at the north end of Vancouver Island west of the town of Port Hardy B.C. The North Island Project consists of copper and gold porphyry deposits in Canada. The North Island Project covers approximately 34,000 hectares of block of mineral titles. The North Island project comprises Hushamu and Red Dog Deposits and six other partially explored porphyry mineral occurrences and related deposit types containing copper-gold-molybdenum-rhenium situated along the Northern Island Copper Belt on Vancouver Island, British Columbia. The Project runs approximately 50 kilometers (km) to the northwest of the reclaimed BHP Island Copper Mine. The Company's 100%-owned subsidiary is North Island Mining Corp.
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