Nortec Minerals Corp.

TSXV:NVT Stock Report

Market Cap: CA$1.1m

Nortec Minerals Management

Management criteria checks 1/4

Nortec Minerals' CEO is Mike Malana, appointed in Jul 2021, has a tenure of 3.42 years. directly owns 1.19% of the company’s shares, worth CA$12.72K. The average tenure of the management team and the board of directors is 2.5 years and 2.5 years respectively.

Key information

Mike Malana

Chief executive officer

n/a

Total compensation

CEO salary percentagen/a
CEO tenure3.4yrs
CEO ownership1.2%
Management average tenure2.5yrs
Board average tenure2.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Mike Malana's remuneration changed compared to Nortec Minerals's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

-CA$80k

Jun 30 2024n/an/a

-CA$88k

Mar 31 2024n/an/a

-CA$157k

Dec 31 2023n/an/a

-CA$327k

Sep 30 2023n/an/a

-CA$427k

Jun 30 2023n/an/a

-CA$1m

Mar 31 2023n/an/a

-CA$1m

Dec 31 2022n/an/a

-CA$734k

Sep 30 2022n/an/a

CA$2m

Jun 30 2022n/an/a

CA$3m

Mar 31 2022n/an/a

CA$429k

Dec 31 2021CA$60kCA$60k

CA$139k

Sep 30 2021n/an/a

-CA$3m

Jun 30 2021n/an/a

-CA$3m

Mar 31 2021n/an/a

-CA$303k

Dec 31 2020CA$39kCA$39k

-CA$230k

Sep 30 2020n/an/a

-CA$221k

Jun 30 2020n/an/a

-CA$210k

Mar 31 2020n/an/a

-CA$209k

Dec 31 2019CA$18kCA$18k

-CA$293k

Sep 30 2019n/an/a

-CA$307k

Jun 30 2019n/an/a

-CA$305k

Mar 31 2019n/an/a

-CA$285k

Dec 31 2018CA$36kCA$36k

-CA$433k

Sep 30 2018n/an/a

-CA$297k

Jun 30 2018n/an/a

-CA$205k

Mar 31 2018n/an/a

-CA$197k

Dec 31 2017CA$33kCA$33k

-CA$360k

Compensation vs Market: Insufficient data to establish whether Mike's total compensation is reasonable compared to companies of similar size in the Canadian market.

Compensation vs Earnings: Mike's compensation has increased whilst the company is unprofitable.

CEO

Mike Malana (59 yo)

3.4yrs

Tenure

Mr. Michael Malana, also known as Mike, is Interim CEO & Director of Nortec Minerals Corp. from 2022. He was Corporate Secretary, Interim CEO & Director of Nortec Minerals Corp. from June 07, 2022 to 2022....

Leadership Team

NamePositionTenureCompensationOwnership
Michael Malana
Interim CEO & Director3.4yrsno data1.19%
CA$ 12.7k
Sara Hills
Chief Financial Officer2.5yrsno datano data
Cameron Bell
Vice President of Exploration1.8yrsno datano data

2.5yrs

Average Tenure

Experienced Management: NVT's management team is considered experienced (2.5 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Michael Malana
Interim CEO & Director4.2yrsno data1.19%
CA$ 12.7k
Derrick Weyrauch
Independent Director4.2yrsno data1.63%
CA$ 17.4k
Brad Lazich
Director2.1yrsno data15.36%
CA$ 164.0k
P. Smith
Independent Director2.5yrsno datano data
Christie McCormack
Independent Director2.1yrsno datano data

2.5yrs

Average Tenure

Experienced Board: NVT's board of directors are not considered experienced ( 2.5 years average tenure), which suggests a new board.