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Arena Minerals Inc. (V:AN)

Business Focus: Specialty Mining & Metals

Sector:  Basic Materials Industry:  Specialty Mining & Metals
See Regulatory Filings on SEDAR
Company Contact
Address: 1410 - 120 Adelaide St. W
Tel: N/A
IR: See website
Key People
Eduardo Morales
Executive Chairman of the Board
William Randall
President, Chief Executive Officer, Director
Paul Kania
Chief Financial Officer
Business Overview
Arena Minerals Inc. is a Canada-based mineral exploration company. The Company is engaged in lithium and copper exploration and development Company with assets in in Argentina and Chile. The Company is into acquisition, exploration and development of properties located in South America. The Company owns the Antofalla lithium brine project in Argentina, consisting of four claims covering a total of approximately 6,000 hectares of the central portion of Salar de Antofalla, located immediately south of Albemarle Corporation's Antofalla project. The Company has developed a brine processing technology using brine type reagents derived from the Antofalla project with the objective of producing battery grade lithium products. Arena also owns 80% of the Atacama Copper property consisting of two projects covering approximately 5,000 hectares within the Antofagasta region of Chile.
Financial Overview
For the six months ended 30 June 2021, ArenaMinerals Inc revenues was not reported. Net loss totaledC$873K vs. income of C$447K. Net loss reflects Unrealized(loss)gain on investments decrease from C$731K (income) toC$216K (expense), Foreign exchange (gain) increase fromC$288K (income) to C$138K (expense), Management andconsulting fees increase of 43% to C$179K (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $122.31M as of Jun 30, 2021
Annual revenue (TTM): $0.00M as of Jun 30, 2021
EBITDA (TTM): -$2.37M as of Jun 30, 2021
Net annual income (TTM): -$1.37M as of Jun 30, 2021
Free cash flow (TTM): -$2.40M as of Jun 30, 2021
Net Debt Last Fiscal Year: N/A
Shares outstanding: 368,430,799 as of Oct 15, 2021
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization