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BTU Metals Corp. (V:BTU)

Business Focus: Gold Mining

Sector:  Basic Materials Industry:  Gold
 
Company Contact
Address: 1240 789 W Pender St
VANCOUVER BC V6C 1H2
Tel: N/A
Website: https://www.btumetals.com
IR: See website
Key People
Paul Wood
Chief Executive Officer, Director
Dennis Logan
Chief Financial Officer
Bruce Durham
Vice President - Exploration
Business Overview
BTU Metals Corp. is a Canada-based junior mining exploration company. The Company is focused on the Dixie Halo Project located in Red Lake, Ontario, immediately adjacent to the Great Bear Project. It is primarily engaged in the acquisition and development of exploration and evaluation assets in Canada and Ireland. The Company also has an option agreement with Kinross Gold Corporation to acquire an undivided 70% interest in over 757 (12 boundary cell mining claims, three multi-cell mining claims, and 742 single cell mining claims) mining claims covering approximately 16,410 hectares of land, located in the Kenora District of Ontario.
Financial Overview
For the nine months ended 31 January 2024, Btu Metals Corp revenues was not reported. Net loss decreased 5% to C$354K. Lower net loss reflects Management and Director Fees decrease of 2% to C$266K (expense), Recovery of flow-through premium increase of 35% to C$20K (income), Investor Relations decrease of 30% to C$11K (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $1.39M as of Jan 31, 2024
Annual revenue (TTM): $0.00M as of Jan 31, 2024
EBITDA (TTM): -$0.60M as of Jan 31, 2024
Net annual income (TTM): -$3.65M as of Jan 31, 2024
Free cash flow (TTM): -$1.31M as of Jan 31, 2024
Net Debt Last Fiscal Year: N/A
Shares outstanding: 143,121,014 as of Jan 31, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization