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Pure Energy Minerals Limited (V:PE)

Business Focus: Specialty Mining & Metals (NEC)

Sector:  Basic Materials Industry:  Specialty Mining & Metals
 
Company Contact
Address: 1100 - 1111 Melville Street
VANCOUVER BC V6E 3V6
Tel: N/A
Website: https://pureenergyminerals.com
IR: See website
Key People
Ann Fehr
Interim Chief Financial Officer
   
Business Overview
Pure Energy Minerals Limited is a Canada-based lithium resource developer company, which is engaged in the acquisition, exploration and development of mineral properties. The Company's primary project is the Clayton Valley Project (CV Project), which is located in Clayton Valley, Esmeralda County, Nevada. The CV Project is located in central Esmeralda County, Nevada, approximately halfway between Las Vegas and Reno, Nevada, United States. The Clayton Valley Project contains an inferred mineral resource of approximately 218,000 tons of lithium carbonate equivalent (LCE). In addition, the Company is focused on new processing technologies for lithium through its collaboration with global technology partners, Tenova Advanced Technologies, at the process testing, engineering, and design stage on the Clayton Valley Project. The Company's subsidiaries include 0891884 B.C. Ltd., Esmeralda Minerals, LLC, 1056625 B.C. Ltd., 1061582 B.C. Ltd. and LT Capital Holdings, LLC.
Financial Overview
For the six months ended 31 December 2023, Pure Energy Minerals Ltd revenues increased 2% to C$272K. Net loss increased from C$105K to C$382K. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Higher net loss reflects Stock-based Compensation in SGA increase from C$162K to C$442K (expense), Selling/General/Admin increase of 20% to C$116K (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $11.30M as of Dec 31, 2023
Annual revenue (TTM): $0.54M as of Dec 31, 2023
EBITDA (TTM): -$0.62M as of Dec 31, 2023
Net annual income (TTM): -$0.62M as of Dec 31, 2023
Free cash flow (TTM): -$0.05M as of Dec 31, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 33,967,983 as of Jan 2, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization