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Commerce Resources Corp. (V:CCE)

Business Focus: Rare Earth Minerals

Sector:  Basic Materials Industry:  Precious Metals & Minerals
See Regulatory Filings on SEDAR
Company Contact
Address: 1450 789 West Pender Street
Tel: 1-604-4842700
IR: See website
Key People
Axel Hoppe
Chairman of the Board
Jody Bellefleur
Chief Financial Officer
David Ian Hodge
Chief Executive Officer, Director
Christopher J. Grove
President, Director
Business Overview
Commerce Resources Corp. is a mineral exploration and development company. The Company's primary focus is on rare earth elements (REEs) and the rare metals tantalum and niobium. It is focused on the development of its Ashram Rare Earth Deposit at the Eldor Property in Quebec, and its Upper Fir Tantalum and Niobium Deposit at the Blue River Project in British Columbia. Its principal assets are the Eldor Property in Quebec and the Blue River Tantalum-Niobium Project in British Columbia. The Eldor Property is situated in northern Quebec approximately 130 kilometers south of the town of Kuujjuaq. The property consists of approximately 400 claims comprising approximately 19,010 hectares, including the Ashram Rare Earth Deposit. Its Blue River claims are located in the Blue River region of the Kamloops Mining District of British Columbia, Canada. Other claims consist of mineral claims located in British Columbia, Canada known as the Alan Parson, Carbo claims and Treasure Mountain Property.
Financial Overview
For the six months ended 30 April 2020, Commerce Resources Corp. revenues was not reported. Net loss increased 32% to C$467K. Higher net loss reflects Advertising and website increase from C$19K to C$82K (expense), Consulting fees increase from C$35K to C$82K (expense), Share-based compensation increase from C$0K to C$13K (expense). Basic Earnings per Share excluding Extraordinary Items remained flat at -C$0.01.
Reporting Currency: Canadian Dollars
Enterprise value: $8.37M as of Apr 30, 2020
Annual revenue (TTM): $0.00M as of Apr 30, 2020
EBITDA (TTM): -$1.24M as of Apr 30, 2020
Net annual income (TTM): -$1.26M as of Apr 30, 2020
Free cash flow (TTM): -$2.55M as of Apr 30, 2020
Net Debt Last Fiscal Year: N/A
Shares outstanding: 44,203,354 as of May 12, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization