PTX Metals Inc. (C:PTX)
Business Focus: Gold Mining
| Sector: Basic Materials | Industry: Gold |
| Company Contact | |
| Address: | The Exchange Tower 130 King St W, Suite 3680 TORONTO ON M5X 1B1 |
| Tel: | N/A |
| Website: | https://ptxmetals.com |
| IR: | See website |
| Key People | ||
| James R. Trusler Executive Chairman of the Board, President | Greg Ferron Interim Chief Executive Officer | Graham C. Warren Chief Financial Officer, Corporate Secretary |
| Business Overview |
| PTX Metals Inc., formerly Platinex Inc., is a Canada-based company, which is engaged in acquisition and advancement of quality projects in prolific Ontario mining camps in Canada. The Company's assets include a 100% ownership interest in the W2 Copper-Nickel-PGE Project near the Ring of Fire; a 75% interest in the South Timmins Mining joint venture with Fancamp Exploration, which includes the 225 square kilometers Shining Tree Gold Project and the highly prospective Heenan Mallard Gold Project, both of which lie along the Ridout-Tyrell Deformation Zone on strike with IAMGOLD's Cote Gold deposits. It also has an option to earn a 100% ownership interest in the Muskrat Dam Critical Minerals Project with a primary focus on Lithium located in Northwestern Ontario approximately 125 km northeast of Frontier Lithium's PAK lithium project. The Project comprises six property blocks, which together cover 12,934 hectares. |
| Financial Overview |
| For the nine months ended 30 September 2023, PTX Metals Inc revenues was not reported. Net loss increased 40% to C$1.3M. Higher net loss reflects Professional fees increase from C$137K to C$317K (expense), Investor relations and marketing increase of 39% to C$397K (expense), Share-based payments increase of 83% to C$180K (expense). Basic Earnings per Share excluding Extraordinary Items remained flat at -C$0.01. |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $11.78M as of Sep 30, 2023 |
| Annual revenue (TTM): | $0.00M as of Sep 30, 2023 |
| EBITDA (TTM): | -$1.75M as of Sep 30, 2023 |
| Net annual income (TTM): | -$1.81M as of Sep 30, 2023 |
| Free cash flow (TTM): | -$2.27M as of Sep 30, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 332,163,062 as of Jan 5, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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