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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
TORONTO ON M5H 3L5
Tel: 1-647-9435677
Website: www.aquilaresources.com
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