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Medaro Mining Corp. (C:MEDA)

Business Focus: Specialty Mining & Metals (NEC)

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