Midland Exploration Inc. (V:MD)
Business Focus: Diversified Mining
| Sector: Basic Materials | Industry: Diversified Mining |
| Company Contact | |
| Address: | 4000 -1,place Ville-Marie MONTREAL QC H3B 4M4 |
| Tel: | N/A |
| Website: | https://midlandexploration.com |
| IR: | See website |
| Key People | ||
| Jean-Pierre Janson Chairman of the Board | Gino Roger President, Chief Executive Officer, Director | Ingrid Martin Chief Financial Officer | Mario Masson Vice President - Exploration |
| Business Overview |
| Midland Exploration Inc. is a Canada-based company, which is engaged in the mining exploration business. The Company's operations include the acquisition and exploration of mining properties. Its projects include Corvette, Chisaayuu, Mythril East, Galinee, Komo, Mythril and Elrond, Lasalle, Tete Nord, Nunavik Nickel, La Peltrie, Patris and others. The Galinee Project is located over four kilometers (km) directly east of Adina. The Komo Project is located approximately 20 km west of the James Bay lithium deposit. The Tete Nord is located in Grenville. This program included a total of 16 drill holes totaling 3,450 meters. The Mythril East claim block is located seven km northeast and directly on strike with the Corvette pegmatite field. The Lasalle project is located in the James Bay territory and consists of 39 claims. The Casault property is located about 40 km to the east of the Detour Lake gold project located north of the city of La Sarre, Abitibi. |
| Financial Overview |
| For the three months ended 31 December 2023, Midland Exploration Inc revenues increased 82% to C$32K. Net loss increased from C$57K to C$386K. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Higher net loss reflects Salaries increase of 43% to C$198K (expense), Impairment of exploration and evaluation increase from C$0K to C$47K (expense). |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $27.53M as of Dec 31, 2023 |
| Annual revenue (TTM): | $0.33M as of Dec 31, 2023 |
| EBITDA (TTM): | -$1.66M as of Dec 31, 2023 |
| Net annual income (TTM): | -$1.44M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$4.84M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 86,870,758 as of Dec 31, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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