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First Atlantic Nickel Corp. engages in the identification, evaluation, and acquisition of mineral properties in Canada. It primarily explores for nickel, copper, silver, cobalt, and gold deposits. The company was formerly known as Avante Mining Corp. and changed its name to First Atlantic Nickel Corp. in April 2024. First Atlantic Nickel Corp. was incorporated in 2011 and is headquartered in Vancouver, 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.
First Atlantic Nickel & Cobalt Corp. is a Canadian-listed junior miner focused on nickel and cobalt exploration and development, though public disclosures are limited. The company may benefit from long-term demand for both metals driven by electric vehicles and grid storage, and could be supported by successful exploration results and project advancement that increase resource visibility.
Key risks include typical junior-miner uncertainties: exploration and resource-definition risk, financing and dilution risk, commodity-price volatility, and permitting or jurisdictional challenges.
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 | 2016-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2016-12-31 |
| Income before tax | -1.85M | -0.92M | -2.43M | -0.34M | - |
| Net income | -1.85M | -0.92M | -2.43M | -0.34M | -9.96M |
| Selling general administrative | 2.31M | 0.55M | 0.53M | 0.41M | - |
| Gross profit | -0.02M | -0.02M | -0.02M | 0.00M | 9.10M |
| Reconciled depreciation | 0.02M | 0.02M | 0.02M | 0.00M | - |
| Ebit | - | - | - | - | -1.54M |
| Operating income | -2.62M | -0.75M | -0.69M | -0.49M | -1.54M |
| Interest expense | 0.01M | 0.00M | 0.01M | 0.00M | 0.00M |
| Interest income | 0.02M | 0.00M | 0.00M | 0.00M | - |
| Net interest income | 0.01M | -0.00M | -0.01M | 0.00M | - |
| Income tax expense | - | - | - | - | -0.14M |
| Total revenue | 0.00M | 0.00M | 0.00M | 0.00M | 11.05M |
| Total operating expenses | 2.62M | 0.75M | 0.69M | 0.49M | 12.58M |
| Cost of revenue | 0.02M | 0.02M | 0.02M | 0.00M | 1.95M |
| Total other income expense net | 0.76M | -0.16M | -1.73M | 0.16M | - |
| Discontinued operations | - | - | - | - | -0.57M |
| Net income from continuing ops | -1.85M | -0.92M | -2.43M | -0.34M | - |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2016-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2016-12-31 |
| Total assets | 7.45M | 2.88M | 1.45M | 2.37M | 63.10M |
| Total liab | 0.89M | 0.50M | 0.63M | 0.42M | 8.49M |
| Total stockholder equity | 6.56M | 2.38M | 0.83M | 1.94M | - |
| Other current liab | - | 0.01M | - | - | 1.56M |
| Common stock | - | - | - | - | 71.14M |
| Capital stock | 13.77M | 8.13M | 6.21M | 5.67M | - |
| Retained earnings | -10.52M | -8.67M | -7.75M | -5.33M | -34.59M |
| Good will | - | - | - | - | 20.27M |
| Cash | 0.14M | 0.89M | 0.81M | 0.27M | 10.01M |
| Total current liabilities | 0.87M | 0.50M | 0.61M | 0.42M | 2.82M |
| Total current assets | 0.44M | 1.13M | 0.96M | 0.48M | 14.31M |
| Long term investments | - | - | - | - | 3.57M |
| Short term investments | - | - | - | - | 0.55M |
| Net receivables | - | 0.23M | 0.13M | 0.08M | 2.26M |
| Inventory | - | - | - | - | 0.33M |
| Accounts payable | 0.82M | 0.40M | 0.54M | 0.42M | 1.27M |
| Non currrent assets other | 0.01M | 0.01M | 0.01M | - | - |
| Non current assets total | 7.01M | 1.76M | 0.49M | 1.89M | - |
| Capital lease obligations | 0.05M | 0.01M | 0.03M | 0.00M | - |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2016-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2016-12-31 |
| Investments | -3.07M | -1.21M | -0.28M | -1.18M | - |
| Total cashflows from investing activities | - | - | - | - | 6.94M |
| Total cash from financing activities | 3.38M | 2.05M | 1.19M | 0.82M | -0.19M |
| Change to operating activities | - | - | - | - | -3.31M |
| Net income | -1.85M | -0.92M | -2.43M | -0.34M | -9.96M |
| Change in cash | -0.75M | 0.08M | 0.55M | -1.01M | 4.05M |
| Begin period cash flow | 0.89M | 0.81M | 0.27M | 1.28M | - |
| End period cash flow | 0.14M | 0.89M | 0.81M | 0.27M | 1.28M |
| Total cash from operating activities | -1.06M | -0.76M | -0.36M | -0.64M | -2.96M |
| Issuance of capital stock | 2.08M | 2.07M | 1.06M | 0.61M | - |
| Depreciation | 0.02M | 0.02M | 0.02M | 0.00M | 3.00M |
| Change to inventory | - | - | - | - | -0.22M |
| Change to account receivables | - | - | - | - | 0.35M |
| Other cashflows from financing activities | - | - | - | - | 9.79M |
| Capital expenditures | 0.23M | 0.15M | 0.04M | 0.05M | 0.51M |
| Change in working capital | 0.29M | -0.24M | 0.23M | -0.18M | - |
| Stock based compensation | 1.24M | 0.22M | 0.07M | 0.03M | - |
| Other non cash items | -0.78M | -0.01M | 0.00M | -0.16M | - |
| Free cash flow | -1.30M | -0.91M | -0.40M | -0.69M | - |
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) |
|---|---|---|---|---|---|---|---|---|
| FAN First Atlantic Nickel & Cobalt Corp. |
- -% |
0.57 | - | - | 4.21 | 6.52 | 7.11 | -6.87 |
| SGML Sigma Lithium Resources Corp |
0.04 0.51% |
7.85 | - | 23.09 | 29.72 | 42.12 | 23.03 | 32.66 |
| AFM Alphamin Res |
0.02 1.60% |
1.27 | 8.44 | 9.43 | 2.78 | 3.33 | 2.13 | 3.85 |
| SLI Standard Lithium Ltd |
0.10 5.24% |
2.01 | - | - | 79.52 | 2.40 | 83.96 | 5.29 |
| FWZ Fireweed Zinc Ltd |
-0.02 0.83% |
2.38 | - | 1250.00 | - | 26.07 | - | -7.01 |
First Atlantic Nickel Corp. engages in the identification, evaluation, and acquisition of mineral properties in Canada. It primarily explores for nickel, copper, silver, cobalt, and gold deposits. The company was formerly known as Avante Mining Corp. and changed its name to First Atlantic Nickel Corp. in April 2024. First Atlantic Nickel Corp. was incorporated in 2011 and is headquartered in Vancouver, Canada.
| Name | Title | Year Born |
|---|---|---|
| Mr. Adrian Allister Smith B.Sc., P.Geo. | CEO, Corporate Secretary & Director | 1987 |
| Mr. Kostantinos Tsoutsis | VP of Business Development & Independent Director | 1973 |
| Mr. James A. Henning B.Comm., C.A., C.F.A., CPA, CBV | Chief Financial Officer | 1949 |
| Mr. James A. Henning B.Comm., C.A., C.F.A., CPA, CBV | Chief Financial Officer | 1950 |
| Mr. Kostantinos Tsoutsis | VP of Business Development & Independent Director | 1974 |
| Mr. Adrian Allister Smith B.Sc., P.Geo. | CEO, Corporate Secretary & Director | 1988 |
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