49 North Resources Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported revenue was CAD 0.251 million compared to negative revenue of CAD 1.1 million a year ago. Net income was CAD 0.013 million compared to net loss of CAD 1.35 million a year ago.
For the nine months, negative revenue was CAD 6.58 million compared to CAD 6.83 million a year ago. Net loss was CAD 7.69 million compared to CAD 7.76 million a year ago. Basic loss per share from continuing operations was CAD 0.05 compared to CAD 0.09 a year ago. Diluted loss per share from continuing operations was CAD 0.05 compared to CAD 0.09 a year ago.