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nortec minerals corp (NVT) Snapshot

Open
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Previous Close
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Day High
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Day Low
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52 Week High
08/29/13 - C$0.06
52 Week Low
02/3/14 - C$0.02
Market Cap
4.2M
Average Volume 10 Days
20.5K
EPS TTM
C$-0.03
Shares Outstanding
140.1M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
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Current Stock Chart for NORTEC MINERALS CORP (NVT)

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nortec minerals corp (NVT) Details

Nortec Minerals Corp., an exploration stage company, engages in the acquisition, exploration, and evaluation of mineral properties in Canada and Finland. The company explores for lithium, tin, tantalum, gold, copper, nickel, palladium, rare earth elements, and platinum ores. It owns a 100% interests in the Tammela gold and lithium project in south-west Finland; and an option to earn a 100% interest in the Seinäjoki gold property and Kaatiala beryllium-rare earth property in western Finland. The company was formerly known as Nortec Ventures Corp. and changed its name to Nortec Minerals Corp. in January 2010. Nortec Minerals Corp. was incorporated in 1999 and is headquartered in Vancouver, Canada.

Founded in 1999

nortec minerals corp (NVT) Top Compensated Officers

Executive Chairman and Chief Executive Office...
Total Annual Compensation: C$132.0K
Chief Financial Officer, Director and Member ...
Total Annual Compensation: --
Compensation as of Fiscal Year 2012.

nortec minerals corp (NVT) Key Developments

Nortec Minerals Corp. Expands Mineral Rights Holdings of the Seinajoki Gold Project, Finland

Nortec Minerals Corp. announced that it has gained access to the prospective Sikakangas gold target which has been the focus of exploration by the Geological Survey of Finland for many years. It is the area with the consistent gold structures discovered to date in the Seinajoki region. Example of drill intersections by the GTK are: 21 metres @ 1.25 g/t Au from 4.1 metres, including 3 metres @ 7.17 g/t Au from 17.1 metres (Hole R523) 5 metres @ 16.72 g/t Au from 3 metres (Hole R476). Following recent withdrawal by the GTK, the area has been claimed by Akkerman Finland Oy and Akkerman exploration have agreed to modify their existing option agreement, with the inclusion of the new Sikakangas claim in the existing portfolio of claims and the extension of the third anniversary option payment, which is now due on September 17, 2014. Initial work planned on the Sikakangas gold zone, involves resampling and assaying of the un-sampled parts of the previous GTK holes, in preparation for the selection of follow-up drill targets aimed at down dip extension of the mineralized structures. A short program of 5 diamond drillholes holes earlier this year on geochemical anomalies in the Saarikoski and Marttalanniemi Zones has not resulted in significant gold intersections, the best being 0.6g/t over an 8 meter interval. Consequently the next phase of exploration will be focused on the new Sikakangas Zone.

Nortec Minerals Corp. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2013

Nortec Minerals Corp. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2013. For the quarter, the company reported loss from operations of CAD 209,100 compared to CAD 443,738 for the same period last year. Net loss attributable to shareholders of the company was CAD 189,039. Net loss was CAD 204,219 against CAD 457,617 for the same period a year ago. Cash used in operations was CAD 357,984 compared to CAD 39,556 for the same period last year. Exploration and evaluation assets ­ net of recoveries was CAD 121,030 against CAD 251,544 for the same period a year ago. For the six months, the company reported loss from operations of CAD 362,020 compared to CAD 656,100 for the same period last year. Net loss attributable to shareholders of the company was CAD 306,615. Net loss was CAD 320,191 against CAD 661,582 for the same period a year ago. Cash used in operations was CAD 616,624 compared to CAD 588,788 for the same period last year. Exploration and evaluation assets ­ net of recoveries was CAD 152,346.

Nortec Minerals Corp. Announces Address Change

Nortec Minerals Corp. announced as of September 1, 2013, Nortec's new office address will be Suite 2325, 1066 West Hastings Street, Vancouver, British Columbia, V6E.

 

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