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Last C$0.11 CAD
Change Today +0.03 / 37.50%
Volume 31.8K
NML On Other Exchanges
As of 12:08 PM 08/31/15 All times are local (Market data is delayed by at least 15 minutes).

new millennium iron corp (NML) Snapshot

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52 Week High
09/10/14 - C$0.36
52 Week Low
08/5/15 - C$0.08
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Current Stock Chart for NEW MILLENNIUM IRON CORP (NML)

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new millennium iron corp (NML) Details

New Millennium Iron Corp. explores and develops magnetic iron ore deposits in Canada. The company holds interests in the Taconite project, which consists of the LabMag deposit located in the province of Newfoundland and Labrador; and the KéMag deposit located in the province of Quebec. It also develops the Direct Shipping Ore project. New Millennium Iron Corp. has a strategic partnership with Tata Steel Limited. The company was formerly known as New Millennium Capital Corp. and changed its name to New Millennium Iron Corp. in June 2011. New Millennium Iron Corp. was founded in 2003 and is headquartered in Calgary, Canada.

25 Employees
Last Reported Date: 03/24/15
Founded in 2003

new millennium iron corp (NML) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: C$345.1K
Chief Financial Officer
Total Annual Compensation: C$226.8K
Vice President of Operations and Taconite Pro...
Total Annual Compensation: C$266.6K
Vice-President of Investor Relations & Corpor...
Total Annual Compensation: C$208.5K
Compensation as of Fiscal Year 2014.

new millennium iron corp (NML) Key Developments

New Millennium Iron Corp Announces Board Changes

New Millennium Iron Corp. announced the appointment of Mr. Kevin Bullock to the company's Board of Directors, with effect from August 18, 2015. Mr. Bullock has been appointed as an independent director and brings a wealth of mine development and operating experience. Mr. Bullock is currently President and CEO of Lindsay Mine Services Ltd. Mr. Bullock has 30 years' experience in all aspects of the mining industry, having served in operating, marketing and development, and financial roles. NML also announced acceptance of the resignation of Mr. H. Dean Journeaux from its Board of Directors, also with effect from August 18, 2015. A co-founder of NML, Mr. Journeaux has served on the Board since 2003, most recently as Executive Vice-Chairman. He remains an advisor to the company.

New Millennium Iron Corp Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

New Millennium Iron Corp. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company realized a net loss of $1,087,000 or $0.01 per share compared to a net loss of $1,817,000 or $0.01 per share for the comparative period in 2014. This loss represents general and administrative expenses of $1,253,000 that was partially offset by investment income of $166,000. The net loss for the six months ended June 30, 2015, was $2,242,000 or $0.01 per share compared to a net loss of $3,552,000 or $0.02 per share for the comparative period in 2014. This loss represents general and administrative expenses of $2,584,000 that is partially offset by investment income of $342,000.

New Millennium Iron Corp. Announces Executive Appointments

New Millennium Iron Corp. (NML) provided an update on the steps being taken by NML's Board of Directors and Management at its Annual General Meeting (AGM) held June 25, 2015. In order for the Board to have a quorum and meet independence requirements, including under NML's Corporate Governance Guidelines and Board Mandate, and in order to reconstitute the Corporate Governance and Compensation Committee (CGCC), the Board unanimously approved the appointment of all of NML's independent directors to the CGCC, being General Hillier and Messrs. Nichols, Schindler and Seccareccia. At the first meeting of the CGCC after its reconstitution, General Hillier was elected as Chair.


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Price/Sales NM Not Meaningful
Price/Book 0.1x
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TEV/Sales 277.9x

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