Sector: Basic Materials | Industry: Mining Support Services & Equipment |
Company Contact | |
Address: | 25 York Street Suite 1810 TORONTO ON M5J 2V5 |
Tel: | 1-844-2520524 |
Website: | https://greenlandresources.ca |
IR: | See website |
Key People | ||
Ruben Shiffman Executive Chairman of the Board, President | Eric Fredric Grossman Chief Financial Officer | Keith Minty Vice President - Engineering and Project Development |
Business Overview |
Greenland Resources Inc. is a Canada-based resource company. The Company is focused on the acquisition, exploration and development of mineral projects. Its main focus is on its Malmbjerg Molybdenum Project in eastern Greenland. The Malmbjerg Molybdenum Project is an open pit pure molybdenum project located within Greenland Resources mineral exploration license MEL 2018/11 in east central Greenland. The Malmbjerg molybdenum deposit has Mineral Reserves of 245 million tons at 0.176% MoS2, for 571 million pounds of contained molybdenum metal. |
Financial Overview |
For the nine months ended 31 December 2023, Greenland Resources Inc revenues was not reported. Net loss applicable to common stockholders increased 46% to C$4.6M. Higher net loss reflects Consulting increase of 73% to C$1.9M (expense), Exploration expenses increase from C$677K to C$1.4M (expense), Stock-based compensation increase of 29% to C$749K (expense). Basic Earnings per Share excluding Extraordinary Items decreased from -C$0.03 to -C$0.04. |
Reporting Currency: | Canadian Dollars |
Enterprise value: | $57.86M as of Dec 31, 2023 |
Annual revenue (TTM): | $0.00M as of Dec 31, 2023 |
EBITDA (TTM): | -$5.36M as of Dec 31, 2023 |
Net annual income (TTM): | -$5.21M as of Dec 31, 2023 |
Free cash flow (TTM): | -$4.93M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | N/A |
Shares outstanding: | 115,360,322 as of Dec 31, 2023 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |