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Canadian North Resources Inc. engages in the exploration and development of mineral properties in Canada. The company primarily explores for nickel, copper, cobalt, palladium, platinum, gold, silver, and rhodium deposits. Its flagship property is the 100% Ferguson Lake property comprising 10 contiguous mining leases covering an area of 9,686 hectares located in the Kivalliq Region of Nunavut, Canada. The company was formerly known as Canadian North Resources and Development Corp. and changed its name to Canadian North Resources Inc. in November 2020. Canadian North Resources Inc. was incorporated in 2013 and is headquartered in Mississauga, Canada.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Canadian North Resources Inc. is a Canada-listed mineral exploration company focused on identifying and advancing prospective base and precious metal targets, with limited public disclosure. Long-term growth may be driven by successful exploration results, favorable commodity prices and the ability to secure financing or joint-venture partners. The stock may appeal to investors seeking upside optionality from early-stage resource projects.
Principal risks include exploration and execution failure, frequent financing and dilution, low liquidity and limited disclosure, and sensitivity to commodity prices and permitting or regulatory delays.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Income before tax | -2.41M | -3.26M | -3.89M | -1.47M | -0.30M |
| Net income | -1.89M | -6.40M | -3.89M | -1.45M | -0.30M |
| Selling general administrative | 2.31M | 6.80M | 3.92M | 1.44M | 0.28M |
| Gross profit | -0.02M | -0.09M | -0.07M | -0.03M | -0.03M |
| Reconciled depreciation | 0.02M | 0.09M | 0.07M | 0.03M | 0.03M |
| Ebit | - | - | -3.89M | -1.47M | -0.30M |
| Ebitda | - | - | -3.92M | -1.44M | -0.28M |
| Operating income | -2.40M | -6.97M | -3.99M | -1.47M | -0.30M |
| Interest expense | 0.16M | 0.20M | - | - | - |
| Tax provision | -0.52M | 3.14M | - | - | - |
| Interest income | 0.14M | 0.20M | 0.09M | - | - |
| Net interest income | -0.02M | -0.00M | 0.09M | - | - |
| Total revenue | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Total operating expenses | 2.40M | 6.97M | 3.99M | 1.47M | 0.30M |
| Cost of revenue | 0.02M | 0.09M | 0.07M | 0.03M | 0.03M |
| Total other income expense net | 0.01M | 3.71M | - | - | - |
| Net income from continuing ops | -1.89M | -6.40M | -3.89M | -1.47M | -0.30M |
| Net income applicable to common shares | - | - | -3.89M | -1.45M | -0.30M |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Total assets | 47.05M | 50.18M | 34.64M | 25.31M | 4.25M |
| Total liab | 3.70M | 5.17M | 3.51M | 2.27M | 1.66M |
| Total stockholder equity | 43.36M | 45.00M | 31.13M | 23.04M | 2.59M |
| Other current liab | - | - | 3.08M | 2.22M | 1.30M |
| Common stock | - | - | 33.90M | 25.50M | 5.50M |
| Capital stock | 50.34M | 50.15M | 33.90M | 25.50M | 5.50M |
| Retained earnings | -14.64M | -12.76M | -6.36M | -2.46M | -1.01M |
| Cash | 1.65M | 5.54M | 11.07M | 19.03M | 1.55M |
| Total current liabilities | 0.95M | 1.07M | 3.51M | 2.27M | 1.66M |
| Other stockholder equity | - | - | - | - | -1.90M |
| Property plant equipment | - | - | 22.32M | 6.25M | 2.64M |
| Total current assets | 1.89M | 6.29M | 12.33M | 19.06M | 1.60M |
| Net tangible assets | - | - | 31.13M | 23.04M | 2.59M |
| Net receivables | - | - | 1.24M | - | 0.05M |
| Accounts payable | - | - | 0.43M | 0.05M | 0.14M |
| Non currrent assets other | - | - | - | 0.00M | - |
| Non current assets total | 45.17M | 43.88M | 22.32M | 6.25M | 2.64M |
| Capital lease obligations | 0.96M | 1.92M | - | - | - |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Investments | -1.46M | -18.18M | -15.38M | -3.63M | -0.19M |
| Change to liabilities | - | - | 0.13M | -0.31M | 0.12M |
| Total cashflows from investing activities | - | - | -15.38M | -3.63M | -0.19M |
| Net borrowings | -1.12M | -1.38M | - | - | - |
| Total cash from financing activities | -1.06M | 15.45M | 9.25M | 22.82M | 1.91M |
| Change to operating activities | - | - | -1.19M | 0.02M | 0.02M |
| Net income | -1.89M | -6.40M | -3.89M | -1.45M | -0.30M |
| Change in cash | -3.89M | -5.53M | -7.96M | 17.47M | 1.55M |
| Begin period cash flow | 5.54M | 11.07M | 19.03M | 1.55M | 0.00M |
| End period cash flow | 1.65M | 5.54M | 11.07M | 19.03M | 1.55M |
| Total cash from operating activities | -1.38M | -2.80M | -1.83M | -1.72M | -0.16M |
| Issuance of capital stock | 0.18M | 17.31M | 9.84M | 20.92M | 1.30M |
| Depreciation | 0.02M | 0.09M | 0.07M | 0.03M | 0.03M |
| Sale purchase of stock | -0.12M | 0.00M | - | - | - |
| Other cashflows from financing activities | - | - | -0.59M | -0.59M | -0.59M |
| Change to netincome | - | - | 3.06M | 3.06M | 3.06M |
| Capital expenditures | 1.63M | 18.55M | 15.38M | 3.63M | 0.19M |
| Change in working capital | 0.52M | 0.19M | -1.06M | -0.29M | 0.12M |
| Stock based compensation | 0.34M | 3.69M | 3.06M | - | - |
| Other non cash items | 0.16M | -3.51M | - | - | - |
| Free cash flow | -3.01M | -21.35M | -17.21M | -5.35M | -0.36M |
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 EBITDA (x) |
|---|---|---|---|---|---|---|---|
| CNRI Canadian North Resources Inc. |
- -% |
0.20 | - | - | 5716.02 | 0.80 | -54.47 |
| SGML Sigma Lithium Resources Corp |
0.04 0.51% |
7.85 | - | 23.09 | 29.72 | 42.12 | 32.66 |
| AFM Alphamin Res |
0.02 1.60% |
1.27 | 8.44 | 9.43 | 2.78 | 3.33 | 3.85 |
| SLI Standard Lithium Ltd |
0.10 5.24% |
2.01 | - | - | 79.52 | 2.40 | 5.29 |
| FWZ Fireweed Zinc Ltd |
-0.02 0.83% |
2.38 | - | 1250.00 | - | 26.07 | -7.01 |
Canadian North Resources Inc. engages in the exploration and development of mineral properties in Canada. The company primarily explores for nickel, copper, cobalt, palladium, platinum, gold, silver, and rhodium deposits. Its flagship property is the 100% Ferguson Lake property comprising 10 contiguous mining leases covering an area of 9,686 hectares located in the Kivalliq Region of Nunavut, Canada. The company was formerly known as Canadian North Resources and Development Corp. and changed its name to Canadian North Resources Inc. in November 2020. Canadian North Resources Inc. was incorporated in 2013 and is headquartered in Mississauga, Canada.
| Name | Title | Year Born |
|---|---|---|
| Dr. Kaihui Yang Ph.D. | Pres, CEO & Director | 1964 |
| Mr. Carmelo Marrelli ACIS, B.Comm., CA, CGA, CPA | Chief Financial Officer | 1971 |
| Mr. Leung Yau Yu | Treasurer | NA |
| Mr. John Spiteri | Sec. | NA |
| Dr. Kaihui Yang Ph.D. | President, CEO & Director | 1964 |
| Mr. Carmelo Marrelli ACIS, B.Comm., C.A., C.P.A., CGA, CPA | Chief Financial Officer | 1971 |
| Mr. Yunfeng Ma | Treasurer | NA |
| Mr. Carmelo Marrelli ACIS, B.Comm., C.A., C.P.A., CGA | Chief Financial Officer | 1971 |
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