Northern Shield Resources Inc. (V:NRN*CA)

Business Focus: Platinum Mining

Sector:  Basic Materials Industry:  Precious Metals & Minerals
See Regulatory Filings on SEDAR
Company Contact
Address: 440-55 Metcalfe St
Tel: N/A
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 development-stage company. The Company is a natural resource company engaged in the business of identifying, acquiring and exploring mineral properties located in Ontario and Quebec. The Company operates through the exploration of resource properties segment. The Company is engaged in the exploration for platinum group element (PGE) and associated metals in Canada. The Company's properties include Huckleberry, Idefix, Tempest, Brian, Vagabond and Roquet Sedex. The Huckleberry Property is being explored as segregated magmatic copper-nickel-PGE (Cu-Ni-PGE) deposit. The Idefix Property is being explored for PGEs and nickel-copper-PGEs (Ni-Cu-PGEs). The Tempest Property is a copper-zinc-silver (Cu-Zn-Ag) property. The Company has no revenue as its mineral properties are all in the exploration and analysis-stage.
Financial Overview
For the three months ended 31 March 2020, Northern Shield Resources Inc. revenues was not reported. Net loss decreased 31% to C$110K. Lower net loss reflects Recognition of flow-through premium liab increase from C$23K to C$122K (income), Remuneration and consulting fees decrease of 8% to C$84K (expense), Expenses Expensed exploration decrease from C$1K (expense) to C$0K.
Reporting Currency: Canadian Dollars
Enterprise value: $19.19M as of Mar 31, 2020
Annual revenue (TTM): $0.00M as of Mar 31, 2020
EBITDA (TTM): -$1.95M as of Mar 31, 2020
Net annual income (TTM): -$1.84M as of Mar 31, 2020
Free cash flow (TTM): -$1.70M as of Mar 31, 2020
Net Debt Last Fiscal Year: N/A
Shares outstanding: 254,724,254 as of Mar 31, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization