Sector: Basic Materials | Industry: Specialty Mining & Metals |
Company Contact | |
Address: | Suite 220; 333 Terminal Avenue VANCOUVER BC V6A 4C1 |
Tel: | N/A |
Website: | https://medaromining.com |
IR: | See website |
Key People | ||
Faizaan Lalani President, Director | Michael Mulberry Chief Executive Officer, Director | Alexander Mcaulay Chief Financial Officer |
Business Overview |
Medaro Mining Corp. is a Canada-based lithium exploration company. The Company owns or holds options over the Superb Lake lithium property located in Thunder Bay, Ontario, the Lac La Motte, Darlin, Rapide, Pontax and Cyr lithium properties in Quebec and the Yurchison uranium property in Northern Saskatchewan. The Superb Lake lithium property is located in the Thunder Bay Mining District, Northwestern Ontario. The Lac La Motte Lithium Property is located in northwestern Quebec, Canada. The CYR South Lithium Property consists of 52 mining claims covering approximately 2,748 hectares in the James Bay area of Quebec, Canada. The Pontax Lithium Project comprises 101 mineral claims covering approximately 5,800 hectares located in the heart of Lithium-rich Eeyou Istchee, James Bay Territory of Quebec. The Yurchison uranium property consists of 12 claims totaling 55,934 hectares in the Wollaston Domain of northern Saskatchewan, Canada. |
Financial Overview |
For the three months ended 31 December 2023, Medaro Mining Corp revenues was not reported. Net loss decreased 72% to C$863K. Lower net loss reflects Exploration expenditures decrease of 82% to C$469K (expense), Share-based compensation decrease from C$113K (expense) to C$0K, Marketing and development decrease of 95% to C$5K (expense). Basic Earnings per Share excluding Extraordinary Items increased from -C$0.45 to -C$0.10. |
Reporting Currency: | Canadian Dollars |
Enterprise value: | $2.47M as of Dec 31, 2023 |
Annual revenue (TTM): | $0.00M as of Dec 31, 2023 |
EBITDA (TTM): | -$3.65M as of Dec 31, 2023 |
Net annual income (TTM): | -$3.84M as of Dec 31, 2023 |
Free cash flow (TTM): | -$3.36M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | N/A |
Shares outstanding: | 9,451,457 as of Apr 18, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |