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Emerita Resources Corp. (V:EMO)

Business Focus: Non-Gold Precious Metals & Minerals (NEC)

Sector:  Basic Materials Industry:  Non-Gold Precious Metals & Minerals
 
Company Contact
Address: 36 Lombard Street, Floor 4
TORONTO ON M5C 2X3
Tel: N/A
Website: https://www.emeritaresources.com
IR: See website
Key People
Lawrence Guy
Executive Chairman of the Board
Joaquin Merino
President, Director
David Patrick Gower
Chief Executive Officer, Director
Greg Duras
Chief Financial Officer
Damian Lopez
Corporate Secretary
 
Business Overview
Emerita Resources Corp. is a Canada-based natural resource company engaged in the acquisition, exploration and development of mineral properties in Europe, with a primary focus on exploring in Spain. The Company has a 100% ownership interest in the Iberia Belt West (IBW) project located in the Iberian Pyrite Belt in southern Spain. The IBW Project encompasses three polymetallic deposits. The IBW Project is located in the western part of the belt, adjacent to the border with Portugal, approximately 144 kilometers (km) west of Seville and 50 km from the port city of Huelva. The Nuevo Tintillo Project consists of one exploration permit comprising 227 mineral claims in Seville province, in the Western part of the Iberian Pyrite Belt and covers over 6,874 hectares. Its La Infanta Sur Project consists of one exploration permit comprising 28 mineral claims in Seville province, in the western part of the Iberian Pyrite Belt and covers over 848 hectares.
Financial Overview
For the three months ended 31 December 2023, Emerita Resources Corp revenues was not reported. Net loss decreased 31% to C$3.2M. Lower net loss reflects Project evaluation expenses decrease of 43% to C$2.3M (expense), Shareholder communication and filing fee decrease of 43% to C$36K (expense), Unrealized (loss) on investments decrease of 20% to C$16K (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $79.97M as of Dec 31, 2023
Annual revenue (TTM): $0.00M as of Dec 31, 2023
EBITDA (TTM): -$20.36M as of Dec 31, 2023
Net annual income (TTM): -$20.08M as of Dec 31, 2023
Free cash flow (TTM): -$18.95M as of Dec 31, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 234,820,968 as of Jan 9, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization