Ad blocking detected

Thank you for visiting We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Club
$299/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

Platinex Inc. (C:PTX)

Business Focus: Gold Mining

Sector:  Basic Materials Industry:  Gold
See Regulatory Filings on SEDAR
Company Contact
Address: 807 - 20 William Roe Blvd.
Tel: N/A
IR: See website
Key People
James R. Trusler
Chairman of the Board, interim Chief Executive Officer
Graham C. Warren
Chief Financial Officer, Corporate Secretary, Director
Joanna Perrin
Vice President - Corporate Development, Director
Lori Paradis
Assistant Secretary
Business Overview
Platinex Inc. is an exploration and evaluation-stage company. The Company is engaged in the acquisition, exploration and development of properties for the mining of precious and base metals. Its properties include Shining Tree Gold Property, Herrick Deposit, Nabish Lake and South McFaulds. The Company holds interest in approximately 140 claims (over 5,680 acres) in Shining Tree Gold Property, situated in Churchill, MacMurchy and Asquith Townships in Ontario. The Nabish Lake nickel-copper-Platinum-group element (Ni-Cu-PGE) property is located approximately 20 kilometers south of the Town of Dryden, Ontario. The property comprises over 90 claim units covering approximately 1,500 hectares of the Nabish Lake mafic intrusive complex. The South McFaulds property is located over 20 kilometers southwest of Eagle One and Double Eagle nickel-copper-PGE and Blackbird chromitite discoveries and comprises approximately 30 claim units in a claim block covering approximately 1,200 acres.
Financial Overview
For the nine months ended 30 September 2020,Platinex Inc. revenues was not reported. Net loss increasedfrom C$191K to C$610K. Higher net loss reflects Share basedcompensation increase from C$7K to C$311K (expense), Officeand general increase from C$6K to C$69K (expense),Professional fees increase of 31% to C$128K (expense).Basic Earnings per Share excluding Extraordinary Itemstotaled to -C$0.01.
Reporting Currency: Canadian Dollars
Enterprise value: $10.99M as of Sep 30, 2020
Annual revenue (TTM): $0.00M as of Sep 30, 2020
EBITDA (TTM): -$0.75M as of Sep 30, 2020
Net annual income (TTM): -$0.88M as of Sep 30, 2020
Free cash flow (TTM): -$0.56M as of Sep 30, 2020
Net Debt Last Fiscal Year: N/A
Shares outstanding: 156,960,598 as of Mar 29, 2021
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization