Sector: Basic Materials | Industry: Diversified Mining |
Company Contact | |
Address: | 1100 - 1199 West Hastings Street VANCOUVER BC V6E 3T5 |
Tel: | N/A |
Website: | https://equitymetalscorporation.com |
IR: | See website |
Key People | ||
Lawrence Peter Page Chairman of the Board | Joseph Anthony Kizis President, Director | Killian Ruby Chief Financial Officer, Director |
Business Overview |
Equity Metals Corporation is a Canada-based mineral exploration company. The Company owns 100% interest, with no underlying royalties, in its flagship Silver Queen project, located along the Skeena Arch in the Omineca Mining Division, British Columbia. The property hosts high-grade, precious- and base-metal veins related to a buried porphyry system. The Company also has a controlling joint venture (JV) interest (57.49%) in the Monument Diamond project, Northwest Territories (NWT), strategically located in the Lac De Gras district within 40 kilometers (km) of both the Ekati and Diavik diamond mines. The Company also has royalties and working interests in other Canadian properties. Its WO Project is an advanced diamond exploration project. The WO Project is located in the Lac de Gras area, approximately 300 km north-northeast of the city of Yellowknife in NWT, Canada. Its La Ronge Silica Project is a silica Quarrying Mineral Lease that covers an area of approximately 54 acres. |
Financial Overview |
For the three months ended 30 November 2023, Equity Metals Corp revenues was not reported. Net loss increased from C$264K to C$925K. Higher net loss reflects Exploration expenses, net of recoveries increase from C$101K to C$884K (expense), Management fees increase from C$4K to C$9K (expense), Licences, Fees & Others increase of 20% to C$10K (expense). Basic Earnings per Share excluding Extraordinary Items totaled to -C$0.01. |
Reporting Currency: | Canadian Dollars |
Enterprise value: | $26.68M as of Nov 30, 2023 |
Annual revenue (TTM): | $0.00M as of Nov 30, 2023 |
EBITDA (TTM): | -$3.56M as of Nov 30, 2023 |
Net annual income (TTM): | -$3.57M as of Nov 30, 2023 |
Free cash flow (TTM): | -$3.09M as of Nov 30, 2023 |
Net Debt Last Fiscal Year: | N/A |
Shares outstanding: | 156,605,458 as of Mar 27, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |