Canada Rare Earth Corp. (V:LL)
Business Focus: Rare Earth Minerals
| Sector: Basic Materials | Industry: Non-Gold Precious Metals & Minerals |
| Company Contact | |
| Address: | 2110, 650 West Georgia Street VANCOUVER BC V6B 4N8 |
| Tel: | N/A |
| Website: | www.canadarareearth.com |
| IR: | See website |
| Key People | ||
| Tracy Allin Moore President, Director | Peter Shearing Chief Executive Officer, Director | Gordon Fretwell Director, Corporate Secretary |
| Business Overview |
| Canada Rare Earth Corp. is a Canada-based company, which is developing an international integrated business focusing on essential and critical minerals, including rare earths. The Company's business involves sourcing, adding value and selling rare earths and other mineral products in all stages and forms utilizing affiliated, and third-party sources and facilities. The Company provides customers with the ability to purchase a variety of rare earth products. Its products include high-purity simple oxides, nano and large particle rare earth products and custom products. These materials are used in a variety of industries, such as high-end electronics, lighting solutions, ceramics & glass, catalytic & cracking, magnets, and atomic energy. It also offers the advantages of full-spectrum rare earth oxides, direct sales, and producer-direct prices. Its subsidiaries include REM Metals Inc. and CREC South American Holdings Corp. |
| Financial Overview |
| For the nine months ended 31 December 2023, Canada Rare Earth Corp revenues decreased 68% to C$1.6M. Net loss totaled C$556K vs. income of C$116K. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Net loss reflects Consulting Fees increase of 23% to C$594K (expense), Office and administration increase of 30% to C$181K (expense), Other income decrease of 34% to C$24K (income). |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $6.58M as of Dec 31, 2023 |
| Annual revenue (TTM): | $1.98M as of Dec 31, 2023 |
| EBITDA (TTM): | -$0.52M as of Dec 31, 2023 |
| Net annual income (TTM): | -$0.50M as of Dec 31, 2023 |
| Free cash flow (TTM): | $0.65M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $1.27M as of Dec 31, 2023 |
| Shares outstanding: | 211,587,696 as of Dec 31, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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