Ascendant Resources Inc. (T:ASND)
Business Focus: Specialty Mining & Metals (NEC)
| Sector: Basic Materials | Industry: Specialty Mining & Metals |
| Company Contact | |
| Address: | 200 Bay St., 3205 TORONTO ON M5J 2J2 |
| Tel: | 1-647-8055662 |
| Website: | https://ascendantresources.com |
| IR: | See website |
| Key People | ||
| Mark Peter Brennan Executive Chairman of the Board, Founder | Joao Barros President | Clifford David Hale-Sanders Co-Founder, Executive Vice President |
| Jason Brooks Chief Financial Officer | Clinton Swemmer Chief Technical Officer | Carl Calandra Vice President, General Counsel, Company Secretary |
| Michael McAllister Vice President - Investor Relations | Sergio Gelcich Vice President - Exploration | David Ball Vice President - Business Development |
| Business Overview |
| Ascendant Resources Inc. is a Canada-based mining company. The Company is focused on the exploration and development of the prospective Lagoa Salgada volcanogenic massive sulfide (VMS) project located in the prolific Iberian Pyrite Belt in Portugal. The Lagoa Salgada project is located within the north-western section of the prolific Iberian Pyrite Belt in Portugal, approximately 80 kilometers southeast of Lisbon. The project is comprised of a single exploration permit covering an area of approximately 7,209 hectares. The Project represents an early-stage, potentially high-grade, polymetallic zinc-lead-copper exploration opportunity. The Lagoa Salgada project comprises two known deposits, the Venda Nova North, and South Deposits. The Lagoa Salgada north deposit is comprised of gossan (Gos) mineralization. The Lagoa Salgada south deposit comprises copper-rich stringer / fissure / stockwork and remobilized mineralization. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Ascendant Resources Inc revenues was not reported. Net loss decreased 24% to $7.8M. Lower net loss reflects Advances to joint venture decrease of 19% to $4.1M (expense), Transaction costs decrease of 81% to $208K (expense), Finance expense decrease of 75% to $244K (expense). Basic Earnings per Share excluding Extraordinary Items increased from -$0.08 to -$0.06. |
| Employees: | 14 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $35.09M as of Dec 31, 2023 |
| Annual revenue (TTM): | $0.00M as of Dec 31, 2023 |
| EBITDA (TTM): | -$3.85M as of Dec 31, 2023 |
| Net annual income (TTM): | -$10.62M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$5.97M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $24.33M as of Dec 31, 2023 |
| Shares outstanding: | 180,016,344 as of Feb 28, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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