Lithium One Metals Inc

LONE.V

Compliant
Exchange
Sector
Headquarters
Group
TSE
Basic Materials
Canada
Micro cap

Lithium One Metals Inc is Shariah Compliant. It passes 4/5 Shariah standards we screen against.

0%

Impure Income*

-

Purification*

-

Zakat*

Financials

Market cap Group
Analysts' Rating
Price Target (Mean)
Price Target (Low)
Price Target (High)
Total Analysts
Micro cap
0
$0.00
$0.00
$0.00
0
Revenue Growth
Operating Margin
Net Profit Margin
Quick Ratio
Current Ratio
EPS Growth
0.00%
0.00%
0.00%
0.00
0.13
0.00%

Shariah Compliance

Debt
100%
Non-Compliant Assets
Impure Income

AAOIFI Rulebook:

  • Non-compliant Liabilities (like Interest-based Debt) < 30% of Market cap
  • Non-compliant Assets (like Interest-based Investments) < 30% of Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: AAOIFI SS21

Debt
17.77%
Impure Income

S&P Sharia Rulebook:

  • Interest-based Debt < 33% of 36-mo avg. Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: S&P Shariah Methodology

Debt
23.46%
Impure Income

Dow Jones Islamic Market (DJIM) Rulebook:

  • Interest-based Debt < 33% of 24-mo avg. Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: DJIM Methodology

Debt
12.46%
Cash
0.08%
Cash & AR
0.08%
Impure Income

FTSE Shariah Rulebook:

  • Interest-based Debt < 33.33% of Total Assets
  • Cash and interest-bearing items < 33.33% of Total Assets
  • Accounts receivable and cash < 50% of Total Assets
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: FTSE RUSSELL

Debt
12.46%
Cash
0.08%
Cash & AR
0.08%
Impure Income

MSCI Islamic Rulebook:

  • Interest-based Debt < 33.33% of Total Assets
  • Cash and interest-bearing items < 33.33% of Total Assets
  • Accounts receivable and cash < 33.33% of Total Assets
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: MSCI Islamic Indexes

Impure Income Breakdown

-
-
Interest Income
0%

Note on Purification and Zakat:

  • Purification and Zakat (for long-term investing) calculations are in USD per share and based on AAOIFI methodology. AAOIFI requires purification every financial period (e.g. quarterly). 
  • If you follow S&P Shariah’s Dividend-only purification, then remove the impure income % from the dividends you receive. No purification required for non-dividend paying stocks, according to S&P Shariah.
  • For Zakat, if you did not invest in a company from a long term perspective, then consider the shares as trading goods and give 2.5% of the total value if a year has passed on them. 

Company Profile

Lithium One Metals Inc. is a Canadian exploration company specializing in the acquisition and development of high-potential lithium properties in Ontario and Quebec. The Company owns a portfolio comprising seven lithium projects for a total of 27,000 hectares (ha). The projects are located in the provinces of Quebec and Ontario. Its Quebec Lithium Projects include James Bay, Cyr-Kapiwak and Sirmac East. Its Ontario Lithium Projects include Alice. Its James bay projects include Taycan, Bugatti, Ferrari and Bus. The Taycan Lithium Project is composed of 70 mineral claims covering approximately 3,600 ha within the prolific Corvette lithium camp in James Bay, Quebec. The Alice Lithium Project consists of 184 claims covering around 3,743 ha. The Sirmac East Lithium Project is comprised of 12 mineral claims in five blocks with a total area of around 656 hectares. The Cyr-Kapiwak Lithium Project consists of four properties with a total of 42 mineral claims spanning around 2,220 hectares.

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