Fokus Mining Corporation (V:FKM*CA)

Business Focus: Diversified Mining

Sector:  Basic Materials Industry:  Diversified Mining
Company Contact
Address: 147 Quebec Avenue
Tel: N/A
IR: See website
Key People
Jean Rainville
President, Chief Executive Officer, Director
Sylvain Champagne
Chief Financial Officer, Company Secretary, Director
Business Overview
Fokus Mining Corporation is a Canada-based mineral resource company. The Company is engaged in acquiring, exploring and developing mining properties, and it holds interests in properties at the exploration stage located in Canada. The Company's Galloway project is located along the Cadillac-Larder Lake Fault. The Galloway project consists of three mining concessions and 95 claims covering a total area of approximately 2,668 hectares. The Galloway property is less than 30 kilometers (km) west of the Rouyn Noranda mining district and is accessible via Trans-Canada Highway 117. The Galloway property is the result of the amalgamation of the Hurd, Ogima Nord, Renault Bay, Sandborn, Perron, Cadillac, Francoeur and Lac Fortune claims blocks. Together, they cover a 3 km wide corridor of gold bearing structures over a total length of 10 km along the Larder-Lake-Cadillac Break (LLCB).
Financial Overview
For the three months ended 31 March 2024, Fokus Mining Corp revenues was not reported. Net loss decreased 57% to C$238K. Lower net loss reflects Changes in fair value of investments decrease of 64% to C$142K (expense), Consulting fees decrease of 52% to C$36K (expense), Conferences and promotion decrease of 47% to C$37K (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $4.20M as of Mar 31, 2024
Annual revenue (TTM): $0.00M as of Mar 31, 2024
EBITDA (TTM): -$0.82M as of Mar 31, 2024
Net annual income (TTM): -$0.92M as of Mar 31, 2024
Free cash flow (TTM): -$1.62M as of Mar 31, 2024
Net Debt Last Fiscal Year: N/A
Shares outstanding: 125,309,460 as of Apr 15, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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