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Home CompaniesAfrican Metals Corporation

African Metals Corporation

Basic Materials Other Industrial Metals & Mining
PortfolioPortfolio WatchlistWatchlist
Company price
None CAD 0.00(0%)
Last update at 2026-11-06T17:00:24.552251Z
Market Cap
1.39M

Momentum Score

…

AFR NuVenture Resources Inc., an exploration stage company, engages in the exploration and evaluation of mineral properties in North America. It explores for nickel, copper, and silver metals. The company holds 100% interest in the Mary Ann's Lake property that includes 14 claims covering an area of approximately 224 hectares located in the Richmond County, Nova Scotia on Cape Breton Island. It also holds an option to acquire a 100% interest in the Massey property, which consists of 94 claims covering an area of approximately 2000 hectares located in Timmins, Ontario. The company was formerly known as African Metals Corporation and changed its name to AFR NuVenture Resources Inc. in November 2021. AFR NuVenture Resources Inc. was incorporated in 1980 and is headquartered in Vancouver, Canada.

Source: TradingView
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52 Week Price Range
0.01
Low
0.06
High

Momentum Score

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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

African Metals Corporation is a Canadian junior mining company on the TSX Venture Exchange focused on copper and cobalt exploration in the Democratic Republic of Congo. Long-term growth may be driven by rising demand for battery metals and successful resource expansion from exploration, offering investors exposure to potential project upside.
Principal risks include geopolitical and operational exposure in the DRC, high exploration and development uncertainty, reliance on volatile copper and cobalt prices, and the need for continued financing and permitting.

Risk Score
High

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
-
Dividend Yield
-
Revenue TTM
0.00M
Revenue Per Share
-
Gross Profit TTM
0.00M
Debt / Equity
-
ROE
-1214.79%
Net Debt
-
ROCE
162.97%
Diluted EPS TTM
-0.03

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-05-31 2024-05-31 2023-05-31 2022-05-31 2021-05-31
Type yearly yearly yearly yearly yearly
Date 2025-05-31 2024-05-31 2023-05-31 2022-05-31 2021-05-31
Income before tax -0.37M -0.37M -0.54M -0.66M -0.61M
Net income -0.37M -0.37M -0.54M -0.66M -0.61M
Selling general administrative 0.37M 0.37M 0.38M 0.49M 0.46M
Ebit - - -0.53M -0.67M -0.49M
Ebitda - - - -0.68M -0.49M
Operating income -0.37M -0.37M -0.53M -0.68M -0.49M
Interest expense - - - - 0.00M
Interest income - - - - 0.00M
Net interest income - - - - 0.00M
Total revenue 0.00M 0.00M 0.00M 0.00M 0.00M
Total operating expenses 0.37M 0.37M 0.53M 0.68M 0.49M
Total other income expense net - -0.00M -0.01M 0.02M -0.11M
Net income from continuing ops -0.37M -0.37M -0.54M -0.66M -0.61M
Net income applicable to common shares - - -0.54M -0.66M -0.61M
Breakdown 2025-05-31 2024-05-31 2023-05-31 2022-05-31 2021-05-31
Type yearly yearly yearly yearly yearly
Date 2025-05-31 2024-05-31 2023-05-31 2022-05-31 2021-05-31
Total assets 0.09M 0.09M 0.47M 1.07M 1.46M
Total liab 0.32M 0.07M 0.07M 0.13M 0.15M
Total stockholder equity -0.23M 0.03M 0.40M 0.94M 1.31M
Other current liab 0.01M - - - -
Common stock - - 32.03M 32.03M 32.03M
Capital stock 32.15M 32.03M 32.15M 32.15M 32.03M
Retained earnings -32.49M -32.12M -31.75M -31.21M -30.55M
Other assets - - - 0.03M 0.03M
Cash 0.01M 0.06M 0.44M 0.95M 1.39M
Total current liabilities 0.32M 0.07M 0.07M 0.13M 0.15M
Other stockholder equity - - 0.12M 0.12M -0.17M
Property plant equipment - - - 0.01M -
Total current assets 0.02M 0.09M 0.47M 1.03M 1.43M
Net tangible assets - - 0.40M 0.94M 1.31M
Net receivables - - 0.01M 0.07M 0.04M
Accounts payable 0.31M 0.07M 0.07M 0.11M 0.13M
Non currrent assets other - - - 0.03M 0.03M
Non current assets total 0.07M 0.00M 0.00M 0.04M 0.03M
Breakdown 2025-05-31 2024-05-31 2023-05-31 2022-05-31 2021-05-31
Type yearly yearly yearly yearly yearly
Date 2025-05-31 2024-05-31 2023-05-31 2022-05-31 2021-05-31
Investments - 0.00M 0.03M -0.01M -
Change to liabilities - - -0.06M -0.02M -0.03M
Total cashflows from investing activities - - 0.03M -0.01M -0.01M
Total cash from financing activities 0.09M 0.00M 0.00M 0.17M 0.13M
Change to operating activities - - -0.00M -0.01M 0.05M
Net income -0.37M -0.37M -0.54M -0.66M -0.61M
Change in cash -0.05M -0.39M -0.51M -0.44M -0.45M
Begin period cash flow 0.06M 0.44M 0.95M 1.39M 1.84M
End period cash flow 0.01M 0.06M 0.44M 0.95M 1.39M
Total cash from operating activities -0.10M -0.39M -0.54M -0.60M -0.58M
Issuance of capital stock 0.10M 0.00M 0.00M 0.17M 0.13M
Other cashflows from investing activities - - 0.03M 0.03M 0.03M
Change to account receivables - - 0.05M -0.03M -0.03M
Change to netincome - - 0.01M 0.12M 0.00M
Capital expenditures 0.00M 0.00M 0.00M 0.01M 0.01M
Change in working capital 0.27M -0.01M -0.01M -0.06M 0.02M
Stock based compensation - - 0.00M 0.12M -
Free cash flow -0.10M -0.39M -0.54M -0.61M -0.58M

Peer Comparison*

Sector: Basic Materials Industry: Other Industrial Metals & Mining

Stock Name
Change
(CAD)
Price
(CAD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
SGML
Sigma Lithium Resources Corp		 0.45
5.94%		 8.03 - 23.09 29.72 42.12 23.03 32.66
AFM
Alphamin Res		 0.03
2.54%		 1.21 8.44 9.43 2.78 3.33 2.13 3.85
SLI
Standard Lithium Ltd		 0.06
3.05%		 2.03 - - 79.52 2.40 83.96 5.29
FWZ
Fireweed Zinc Ltd		 -0.33
13.58%		 2.10 - 1250.00 - 26.07 - -7.01

Profile*

African Metals Corporation

AFR NuVenture Resources Inc., an exploration stage company, engages in the exploration and evaluation of mineral properties in North America. It explores for nickel, copper, and silver metals. The company holds 100% interest in the Mary Ann's Lake property that includes 14 claims covering an area of approximately 224 hectares located in the Richmond County, Nova Scotia on Cape Breton Island. It also holds an option to acquire a 100% interest in the Massey property, which consists of 94 claims covering an area of approximately 2000 hectares located in Timmins, Ontario. The company was formerly known as African Metals Corporation and changed its name to AFR NuVenture Resources Inc. in November 2021. AFR NuVenture Resources Inc. was incorporated in 1980 and is headquartered in Vancouver, Canada.

1600 ? 925 West Georgia Street, Vancouver, BC, Canada, V6C 3L2

647 966 3100

https://afrnuventure.com

Name Title Year Born
Mr. John Frederick O'Donnell B.A., LLB Chairman of Board, Pres & CEO 1947
Mr. Errol J. Farr C.M.A., CPA, CMA, CPA CFO & Corp. Sec. 1961
Mr. John Frederick O'Donnell B.A., L.L.B., LLB Chairman of Board, President & CEO 1947
Mr. Errol J. Farr C.M.A., CPA, CMA, CPA CFO & Corporate Secretary 1961
Mr. John Frederick O'Donnell B.A., L.L.B. Chairman of Board, President & CEO 1947
Mr. Donald A. Gordon CFO & Secretary NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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