Geomega Resources Inc. (V:GMA)
Business Focus: Diversified Mining
| Sector: Basic Materials | Industry: Diversified Mining |
| Company Contact | |
| Address: | 75, boul. de Mortagne BOUCHERVILLE QC J4B 6Y4 |
| Tel: | N/A |
| Website: | ressourcesgeomega.com |
| IR: | See website |
| Key People | ||
| Kiril Mugerman President, Chief Executive Officer, Director | Mathieu Bourdeau Chief Financial Officer | Pouya Hajiani Process Engineer, Chief Technology Officer | Alain Cayer Vice President - Exploration |
| Business Overview |
| Geomega Resources Inc. is a Canada-based company. The Company is engaged in the acquisition, exploration and evaluation of mining properties in Canada. The Company's wholly owned subsidiary Innord Inc, which is engaged in developing technologies for extraction and separation of rare earth elements and other critical and strategic metals from its mining properties and other mining and industrial waste. The Company owns Montviel property, which is located approximately 100 km north of Lebel-sur-Quevillon and 45 km west of the Cree First Nation of Waswanipi. The Montviel property comprises 96 mining claims totaling 5,333 hectares. The project is comprised of 178 cells, for a total of approximately 9,910 hectares. |
| Financial Overview |
| For the six months ended 30 November 2023, Geomega Resources Inc revenues increased 75% to C$344K. Net loss increased 16% to C$1.3M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Higher net loss reflects Exploration and evaluation expenses, net increase of 88% to C$1.1M (expense), Interest on obligations under capital le increase from C$26K to C$153K (expense). |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $15.31M as of Nov 30, 2023 |
| Annual revenue (TTM): | $0.75M as of Nov 30, 2023 |
| EBITDA (TTM): | -$1.06M as of Nov 30, 2023 |
| Net annual income (TTM): | -$1.57M as of Nov 30, 2023 |
| Free cash flow (TTM): | -$2.43M as of Nov 30, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 143,401,521 as of Mar 13, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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