Sector: Basic Materials | Industry: Mining Support Services & Equipment |
Company Contact | |
Address: | Suite 305, 505 - 8th Ave SW CALGARY AB T2P 1G2 |
Tel: | N/A |
Website: | https://cvwcleantech.com |
IR: | See website |
Key People | ||
Akshay Dubey Chief Executive Officer, Director | Joshua Grant Chief Financial Officer, Corporate Secretary | Kevin Moran Executive Vice President, Chief Technology Officer |
Viraj Patel Vice President - Engineering | Lee Girardo Vice President - Corporate Development |
Business Overview |
CVW CleanTech Inc. is a Canada-based clean technology company. The Company is focused on providing solutions to the mining sector of Canada's oil sands industry. The Company has developed a suite of technologies called Creating Value from Waste (CVW) that recover bitumen, solvents, valuable minerals and water from oil sands froth treatment tailings. Its technology is designed to intercept oil sands froth treatment tailings before discharge to tailings ponds, recover commodities that are lost to tailings ponds, and thicken these residual tailings for their permanent deposit in designated disposal areas. Recovered commodities include naphtha, bitumen, and valuable minerals. It has developed technologies to recover heavy minerals, primarily titanium minerals and zircon sand, and a significant portion of the bitumen and diluent from this tailings stream (the Oil Sands Project). The Company has a concentrator plant (CP) and mineral separation plant. |
Financial Overview |
For the nine months ended 30 September 2023, CVW CleanTech Inc revenues was not reported. Net loss increased 3% to C$3.3M. Higher net loss reflects Stock-based compensation increase of 29% to C$1.8M (expense), Compensation and Benefits increase of 77% to C$803K (expense). Basic Earnings per Share excluding Extraordinary Items remained flat at -C$0.03. |
Reporting Currency: | Canadian Dollars |
Enterprise value: | $74.68M as of Sep 30, 2023 |
Annual revenue (TTM): | $0.00M as of Sep 30, 2023 |
EBITDA (TTM): | -$4.76M as of Sep 30, 2023 |
Net annual income (TTM): | -$4.49M as of Sep 30, 2023 |
Free cash flow (TTM): | -$2.37M as of Sep 30, 2023 |
Net Debt Last Fiscal Year: | N/A |
Shares outstanding: | 125,591,635 as of Jan 2, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |