Northern Shield Resources Inc. (V:NRN*CA)
Business Focus: Platinum Mining
| Sector: Basic Materials | Industry: Non-Gold Precious Metals & Minerals |
| Company Contact | |
| Address: | 150 Elgin Street, 10th Floor OTTAWA ON K2P 1L4 |
| Tel: | N/A |
| Website: | www.northern-shield.com |
| IR: | See website |
| Key People | ||
| Ian C. Bliss President, Chief Executive Officer, Director | Samuel Legg Chief Financial Officer | |
| Business Overview |
| Northern Shield Resources Inc. is a Canada-based mineral exploration company. The Company is engaged in the business of identifying, acquiring, and exploring mineral properties located primarily in Eastern Canada. It is focused on exploring platinum group element (PGE) and Noril'sk style nickel-copper-PGE deposits in under-explored regions of Canada, primarily in the Labrador Trough of Northern Quebec. Its properties include Root & Cellar (Au-Ag, Cu); Zuleika (Au-Ag (Ni)); Shot Rock (AU-AG); Idefix (Ni-Cu-PGE) and Huckleberry (Ni-Cu-PGE). The Root & Cellar property is located near Marystown and Creston on the Burin Peninsula. The Zuleika property consists of six mineral licenses covering approximately 123 square kilometers (km2) 30 km west of Clarenville in east-central Newfoundland. The Shot Rock property is composed of approximately 35 mining licenses. The Idefix property is located 75 km northwest of the Community of Kuujjuaq, in the Nunavik region of the province of Quebec. |
| Financial Overview |
| For the nine months ended 30 September 2023, Northern Shield Resources Inc revenues was not reported. Net loss increased 45% to C$629K. Higher net loss reflects General and administrative - Balancing v increase from C$212K to C$472K (expense). Basic Earnings per Share excluding Extraordinary Items remained flat at -C$0.01. |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $3.11M as of Sep 30, 2023 |
| Annual revenue (TTM): | $0.00M as of Sep 30, 2023 |
| EBITDA (TTM): | -$0.85M as of Sep 30, 2023 |
| Net annual income (TTM): | -$0.81M as of Sep 30, 2023 |
| Free cash flow (TTM): | -$0.85M as of Sep 30, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 83,264,091 as of Jan 9, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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