Nuinsco Resources Limited (C:NWI*CA)

Business Focus: Diversified Mining

Sector:  Basic Materials Industry:  Diversified Mining
 
Company Contact
Address: 66 Wellington Street West,, Suite 4100
TORONTO ON M5K 1B7
Tel: N/A
Website: www.nuinsco.ca
IR: See website
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Key People
Rene Real Galipeau
Chairman of the Board
Paul L. Jones
Chief Executive Officer, Director
Kyle Appleby
Chief Financial Officer
Business Overview
Nuinsco Resources Limited is a Canada-based multi-commodity mineral exploration and development company focused on prospective opportunities in Canada and internationally. The Company is engaged in the exploration and evaluation of properties for the mining of precious and base metals. It operates three properties in Ontario: the high-grade Sunbeam gold property near Atikokan optioned to First Class Metals PLC; the large multi-commodity (phosphate, rare earth element, niobi-um, tantalum) Prairie Lake project near Marathon-Terrace Bay, and the Zig Zag Lake property (lithium, tantalum) near Armstrong. In addition, it has an agreement for gold exploitation at the El Sid project in the Eastern Desert of Egypt. The Prairie Lake project is located near Marathon, Ontario consisting of nine claims comprising of 46 mining claims (27 single cell and 19 boundary cell mining claims), encompassing 608 ha. The Sunbeam Gold Property is located about 30 km northeast of Atikokan, north-western Ontario.
Financial Overview
For the fiscal year ended 31 December 2023, Nuinsco Resources Limited revenues was not reported. Net loss increased 94% to C$1.2M. Higher net loss reflects Purchased R&D Written Off increase from C$161K to C$730K (expense), General and administrative increase of 16% to C$578K (expense), Share-based payments increase from C$0K to C$48K (expense).
Employees: 9 as of Dec 31, 2013
Reporting Currency: Canadian Dollars
Enterprise value: $5.93M as of Dec 31, 2023
Annual revenue (TTM): $0.00M as of Dec 31, 2023
EBITDA (TTM): -$0.63M as of Dec 31, 2023
Net annual income (TTM): -$1.24M as of Dec 31, 2023
Free cash flow (TTM): -$0.62M as of Dec 31, 2023
Net Debt Last Fiscal Year: $0.00M as of Dec 31, 2023
Shares outstanding: 592,863,512 as of Dec 31, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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