Sector: Energy | Industry: Oil & Gas Exploration and Production |
Company Contact | |
Address: | 77 King Street West, Suite3000 TORONTO ON M5K 1G8 |
Tel: | 1-845-6560184 |
Website: | https://www.petrolympic.com |
IR: | See website |
Key People | ||
Mendel Ekstein President, Chief Executive Officer, Director | Carmelo Marrelli Chief Financial Officer | Andreas Jacob Vice President, Director |
Business Overview |
Petrolympic Ltd. is a Canada-based gold and lithium mining company. The Company is focused on its lithium exploration assets in the James Bay region, Basserode and Fourniere in Abitibi region as well as its gold exploration assets at Vauquelin and Rayon d'Or in the Val d'Or region, all in the Province of Quebec, Canada. The Li-1 and Li-2 Properties are located in the James Bay - Eeyou Itschee area, approximately 125 kilometers (km) north of the town of Chibougamau. The Basserode and Fourniere Lithium Properties are located in the Abitibi-Temiscamingue region, southwest of the Val d'Or mining camp, Quebec. Its Belcourt Property consists of 125 claims distributed in four blocks (Belcourt North, South, Central and West blocks), all proximal to one another and covering a total of 5,479 hectares. Its Rayon d'Or and Vauquelin Gold Properties are located within a gold mining camp in Northwestern Quebec, in the center of Vauquelin township (NTS 32C03), over 40 km east of the town of Val d'Or. |
Financial Overview |
For the nine months ended 30 September 2023, Petrolympic Ltd revenues was not reported. Net loss increased 25% to C$1M. Higher net loss reflects Exploration and evaluation expenditures increase of 83% to C$773K (expense), Share-based payment increase from C$61K to C$241K (expense), Administrative and general increase of 47% to C$26K (expense). Basic Earnings per Share excluding Extraordinary Items remained flat at -C$0.01. |
Reporting Currency: | Canadian Dollars |
Enterprise value: | $8.79M as of Sep 30, 2023 |
Annual revenue (TTM): | $0.00M as of Sep 30, 2023 |
EBITDA (TTM): | -$1.37M as of Sep 30, 2023 |
Net annual income (TTM): | -$1.19M as of Sep 30, 2023 |
Free cash flow (TTM): | -$0.70M as of Sep 30, 2023 |
Net Debt Last Fiscal Year: | N/A |
Shares outstanding: | 133,739,927 as of Jan 9, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |