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Equity Metals Corporation (V:EQTY)

Business Focus: Diversified Mining

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