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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 2020, Cantex Mine Development Corp. revenues was not reported. Net loss increased from C$2.7M to C$11.3M. Higher net loss reflects Exploration expenditures increase from C$2.1M to C$10.6M (expense), Depreciation increase from C$0K to C$621K (expense), Professional fees increase of 30% to C$25K (expense). Basic Earnings per Share excluding Extraordinary Items decreased from -C$0.09 to -C$0.23.
Employees: 235 as of Mar 31, 2005
Reporting Currency: Canadian Dollars
Enterprise value: $58.75M as of Apr 30, 2020
Annual revenue (TTM): $0.00M as of Apr 30, 2020
EBITDA (TTM): -$17.39M as of Apr 30, 2020
Net annual income (TTM): -$18.06M as of Apr 30, 2020
Free cash flow (TTM): -$15.52M as of Apr 30, 2020
Net Debt Last Fiscal Year: N/A
Shares outstanding: 50,461,034 as of Sep 10, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization