Copper Lake Resources Ltd. (V:CPL*CA)
Business Focus: Diversified Mining
| Sector: Basic Materials | Industry: Diversified Mining |
| Company Contact | |
| Address: | 1 King Street, Suite 4800 TORONTO ON M5H 1A1 |
| Tel: | N/A |
| Website: | https://copperlakeresources.com |
| IR: | See website |
| Key People | ||
| Terrence Llewellyn Macdonald Chief Executive Officer, Corporate Secretary, Director | ||
| Business Overview |
| Copper Lake Resources Ltd. is a metals exploration company. It is focused on acquiring, exploring, and developing exploration and evaluation assets in Canada. Its portfolio includes the Marshall Lake VMS Copper, Zinc and Silver property west of Lake Nipigon and the Ring of Fire Norton Lake Nickel, Copper, Cobalt, Palladium and Platinum property both located in Northwest Ontario. It holds 79.45% interest in the Marshall Lake VMS Copper Gold Project. The Marshall Lake VMS Copper Gold Project is located approximately 250 kilometers (km) north-northeast of Thunder Bay, Ontario. The property consists of 43 mineral claims (539 claim units) with an area of 8,864 ha and 89 mining leases with an area of 1,566.17 hectares, for a total land position of 10,430.17 hectares. The Norton Lake property is located about 50 km northeast of Fort Hope, Ontario and about 400 km northeast of Thunder Bay, Ontario, Canada. The Norton Lake property consists of 32 claims covering approximately 8,800 hectares. |
| Financial Overview |
| For the three months ended 31 January 2024, Copper Lake Resources Ltd revenues was not reported. Net loss decreased 12% to C$340K. Lower net loss reflects Exploration and evaluation expenditures decrease of 33% to C$232K (expense), Flow-through share premium recovery increase of 39% to C$40K (income), Management fees remaining flat at C$54K (expense). |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $5.33M as of Jan 31, 2024 |
| Annual revenue (TTM): | $0.00M as of Jan 31, 2024 |
| EBITDA (TTM): | -$2.47M as of Jan 31, 2024 |
| Net annual income (TTM): | -$2.30M as of Jan 31, 2024 |
| Free cash flow (TTM): | -$2.21M as of Jan 31, 2024 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 270,503,770 as of Mar 19, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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