49 North Resources Inc. (V:FNR)
Business Focus: Venture Capital
| Sector: Financials | Industry: Investment Management & Fund Operators |
| Company Contact | |
| Address: | #602, 224 4th Avenue South SASKATOON SK S7K 5M5 |
| Tel: | N/A |
| Website: | https://www.fnr.ca |
| IR: | See website |
| Key People | ||
| Thomas M. Macneill Chairman of the Board, President, Chief Executive Officer | Andrew Davidson Chief Financial Officer, Secretary, Director | |
| Business Overview |
| 49 North Resources Inc. is a resource investment, financial, and managerial advisory company. The Company's principal businesses include investing in a diversified portfolio of common shares and other securities of resource issuers including, without limitation, resource issuers engaged in mineral or oil and gas exploration and development, with a view to achieving capital appreciation of the portfolio. It invests in all sectors of mineral exploration as well as oil and gas exploration and production around the globe. The Company's portfolio is comprised of investments that are predominantly Saskatchewan focused on private and public resource issues at various stages of development. Individual projects range from grass roots exploration to near feasibility in the minerals sector and early-stage production of hydrocarbons. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, 49 North Resources Inc revenues increased 73% to -C$1.8M. Net loss decreased 66% to C$2.8M. Revenues reflect Unrealized losses on equity investments increase of 69% to -C$2.2M, Unrealized G/L on Investment Securities increase of 16% to -C$406K, Interest and dividend income increase of 6% to C$854K. Lower net loss reflects Share based compensation decrease from C$297K (expense) to C$0K. |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $5.70M as of Dec 31, 2023 |
| Annual revenue (TTM): | $-1.84M as of Dec 31, 2023 |
| EBITDA (TTM): | -$2.77M as of Dec 31, 2023 |
| Net annual income (TTM): | -$2.82M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$0.16M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 166,271,110 as of Dec 31, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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