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Cantex Mine Development Corp. (V:CD)

Business Focus: Diversified Mining

Sector:  Basic Materials Industry:  Diversified 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's principal business activity is the acquisition and exploration of mineral properties for commercial mineral deposits. The Company's primary project is located approximately 100 kilometers northeast of Mayo, Yukon Territory, Canada. The Company has approximately 1,075 claims covering over 20,000 hectares in the Yukon. The Company has 100% interest in four mineral properties in Nevada and has identified seven drill-ready gold targets. The Company has two projects in Yemen: Al Hariqah (Gold) and Al Masna (Nickel, Copper, Cobalt). The Company owns 60% interest in the Al Hariqah (Gold) project. The Al Hariqah is a gold deposit is located approximately 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 three months ended 31 October 2021, CantexMine Development Corp. revenues was not reported. Net lossdecreased 10% to C$2.7M. Lower net loss reflectsExploration expenditures decrease of 13% to C$2.7M(expense), Office and administrative decrease of 44% toC$31K (expense), Professional fees decrease of 86% to C$1K(expense). Basic Earnings per Share excluding ExtraordinaryItems increased from -C$0.06 to -C$0.05.
Employees: 235 as of Mar 31, 2005
Reporting Currency: Canadian Dollars
Enterprise value: $13.89M as of Oct 31, 2021
Annual revenue (TTM): $0.00M as of Oct 31, 2021
EBITDA (TTM): -$8.05M as of Oct 31, 2021
Net annual income (TTM): -$6.93M as of Oct 31, 2021
Free cash flow (TTM): -$7.44M as of Oct 31, 2021
Net Debt Last Fiscal Year: N/A
Shares outstanding: 64,626,868 as of Oct 31, 2021
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization