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 Ultra Club
$500/ 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.

Cantex Mine Development Corp. (V:CD)

Business Focus: Integrated Mining

Sector:  Basic Materials Industry:  Integrated Mining
See Regulatory Filings on SEDAR
Company Contact
Address: 203-1634 Harvey Avenue
Tel: N/A
IR: See website
Key People
Charles E. Fipke
Chairman of the Board
Chad S. Ulansky
President, Chief Executive Officer, Director
Jennifer Lee Irons
Chief Financial Officer
Business Overview
Cantex Mine Development Corp. is a Canada-based exploration-stage company. The Company is engaged in the exploration and development of mineral properties for commercial mineral deposits. The Company's primary project is located in the northwestern part of the Republic of Yemen where it owns exploration licenses over a 1,583 square kilometer area. The Company has staked 10 claim blocks covering approximately 30,000 hectares in the Yukon, Canada. The Company also has interest in six groups of gold exploration claims, which consist of 140 claims over 1,171 hectares in Nevada, the United States. The Company's Al Hariqah gold deposit is located over 130 kilometers northwest of Sana'a. The Al Masna'a nickel, copper, cobalt project is located in the Saadah region over 205 kilometers north-northwest of the capital city, Sana'a, and 25 kilometers south of the border with Saudi Arabia.
Financial Overview
For the nine months ended 30 April 2021, Cantex MineDevelopment Corp. revenues was not reported. Net lossdecreased 22% to C$6M. Lower net loss reflects Explorationexpenditures decrease of 19% to C$5.9M (expense), Dep ofFin Lease Right-of-Use Assets decrease of 64% to C$139K(expense), Stock-based compensation decrease from C$105K(expense) to C$0K. Basic Earnings per Share excludingExtraordinary Items increased from -C$0.16 to -C$0.12.
Employees: 235 as of Mar 31, 2005
Reporting Currency: Canadian Dollars
Enterprise value: $20.07M as of Apr 30, 2021
Annual revenue (TTM): $0.00M as of Apr 30, 2021
EBITDA (TTM): -$7.30M as of Apr 30, 2021
Net annual income (TTM): $2.27M as of Apr 30, 2021
Free cash flow (TTM): -$7.37M as of Apr 30, 2021
Net Debt Last Fiscal Year: N/A
Shares outstanding: 56,226,868 as of Jul 14, 2021
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization