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AFR NuVenture Resources Inc. (V:AFR)

Business Focus: Gold Mining

Sector:  Basic Materials Industry:  Gold
 
Company Contact
Address: 1600 - 925 West Georgia Street
VANCOUVER BC V6C 3L2
Tel: N/A
Website: https://afrnuventure.com
IR: See website
Key People
John Frederick O'donnell
Chairman of the Board, President, Chief Executive Officer
Errol Farr
Chief Financial Officer, Corporate Secretary
 
Business Overview
AFR Nuventure Resources Inc. is a Canada-based mineral exploration company. The Company's principal business activity is the exploration and evaluation of mineral assets. The Company intends to hold a 51% interest in Silver Bell - St. Lawrence Gold Project, in the Virginia City Mining District of Montana, United States. The Company also intends to hold to acquire up to a 100% interest in a group of exploration properties located in southwest New Brunswick (the Edge Properties). The Silver Bell - St. Lawrence Gold Project hosts two past producing gold-silver mines, the Silver Bell Mine in the west and the St. Lawrence Mine on the east. It comprises a 390-acre claim package located about four miles southwest of Virginia City in Madison County, Montana, and about 50 miles southeast of Butte, Montana. It holds mineral exploration license at Mary Anns Lake project, which comprises 14 claims, each claim being 16 hectares (ha) for a total area of 224 ha (560 acres).
Financial Overview
For the nine months ended 29 February 2024, AFR Nuventure Resources Inc revenues was not reported. Net loss decreased 36% to C$275K. Lower net loss reflects Exploration and project evaluation decrease from C$146K (expense) to C$0K, Otr SGA decrease of 33% to C$141K (expense), Advertising Expenses decrease of 72% to C$3K (expense). Basic Earnings per Share excluding Extraordinary Items remained flat at -C$0.02.
Reporting Currency: Canadian Dollars
Enterprise value: N/A
Annual revenue (TTM): $0.00M as of Feb 29, 2024
EBITDA (TTM): -$0.38M as of Feb 29, 2024
Net annual income (TTM): -$0.39M as of Feb 29, 2024
Free cash flow (TTM): -$0.41M as of Feb 29, 2024
Net Debt Last Fiscal Year: N/A
Shares outstanding: 18,038,681 as of Feb 29, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization