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Mega Uranium Ltd. (T:MGA)

Business Focus: Uranium Mining

Sector:  Energy Industry:  Uranium
 
Company Contact
Address: 217 Queen Street West,, Suite 401
TORONTO ON M5V 0R2
Tel: N/A
Website: https://megauranium.com
IR: See website
Key People
Richard J. Patricio
President, Chief Executive Officer
Carmelo Marrelli
Chief Financial Officer
Richard Homsany
Executive Vice President, Australia
Business Overview
Mega Uranium Ltd. is a Canada-based mineral exploration and development company. The Company is focused on the acquisition and exploration of uranium prospective properties. It has exploration stage mineral resource properties in Queensland and Western Australia and investments in uranium-focused companies. It also holds interests in junior and medium-sized uranium exploration and development companies, royalty and diversified uranium holding companies, and its own exploration and development projects. The Company's project is Maureen Uranium-Molybdenum Project, which is located approximately 32 Kilometer (km) away from the small regional hub of Georgetown, located in Northern Queensland, Australia. Its subsidiaries include Maple Resources Inc.; Uranium Mineral Ventures Inc., Mega Georgetown Pty Ltd., Mega Hindmarsh Holdings Pty Ltd., Mega Redport Holdings Pty Ltd., Monster Copper Corporation., Nu Energy Uranium Corporation, and Northern Lorena Resources Ltd.
Financial Overview
For the three months ended 31 December 2023, Mega Uranium Ltd revenues was not reported. Net loss increased from C$1.1M to C$3M. Higher net loss reflects Unrealized loss on marketable securities increase of 39% to C$2.6M (expense), Consulting and directors fees increase of 33% to C$610K (expense), Exploration and evaluation expenditures increase from C$44K to C$160K (expense). Basic Earnings per Share excluding Extraordinary Items totaled to -C$0.01.
Employees: 1 as of Sep 30, 2023
Reporting Currency: Canadian Dollars
Enterprise value: $112.32M as of Dec 31, 2023
Annual revenue (TTM): $0.00M as of Dec 31, 2023
EBITDA (TTM): -$3.55M as of Dec 31, 2023
Net annual income (TTM): $2.47M as of Dec 31, 2023
Free cash flow (TTM): -$1.03M as of Dec 31, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 366,735,636 as of Mar 1, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization