Ad blocking detected

Thank you for visiting We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Club
$299/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

Aquila Resources Inc. (T:AQA)

Business Focus: Integrated Mining

Sector:  Basic Materials Industry:  Integrated Mining
See Regulatory Filings on SEDAR
Company Contact
Address: 141 Adelaide St W Suite 520
Tel: 1-647-9435677
IR: See website
Key People
Edward J. Munden
Independent Chairman of the Board
Barry Hildred
Chief Executive Officer, Director
Stephanie Malec
Chief Financial Officer
Michael James Welch
Chief Operating Officer
Andrew Boushy
Senior Vice President - Projects
Business Overview
Aquila Resources Inc. is engaged in exploration for and development of mineral properties. The Company operates through the acquisition and exploration of precious metals projects segment. The primary asset of the Company is its interest in the Back Forty Project located in Menominee County, Michigan. The Back Forty Project is a development-stage volcanogenic massive sulfide (VMS) deposit containing gold, zinc, lead, silver and copper located in the Upper Peninsula of Michigan, the United States. Back Forty Project is a poly-metallic project, which contains approximately one million ounces of gold and one billion pounds of zinc. Its two other exploration projects include Reef Gold Project (Reef) located in Marathon County Wisconsin, and the Bend Project (Bend) located in Taylor County, Wisconsin. Reef is a gold copper property and Bend is a volcanogenic massive sulfide occurrence containing copper and gold. At Reef Project, the Company has completed over 42 diamond drill holes.
Financial Overview
For the nine months ended 30 September 2020, AquilaResources Inc revenues was not reported. Net loss decreased32% to $6.6M. Lower net loss reflects Mineral propertyexploration expenses decrease of 80% to $1.1M (expense),Office, general and adminstrative decrease of 67% to $208K(expense), Salaries and benefits decrease of 22% to $1.4M(expense). Basic Earnings per Share excluding ExtraordinaryItems increased from -$0.03 to -$0.02.
Reporting Currency: U.S. Dollars
Enterprise value: $29.20M as of Sep 30, 2020
Annual revenue (TTM): $0.00M as of Sep 30, 2020
EBITDA (TTM): -$5.52M as of Sep 30, 2020
Net annual income (TTM): -$5.65M as of Sep 30, 2020
Free cash flow (TTM): -$7.55M as of Sep 30, 2020
Net Debt Last Fiscal Year: N/A
Shares outstanding: 338,556,404 as of Sep 30, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization