Power Metals Corp. (V:PWM)
Business Focus: Specialty Mining & Metals (NEC)
| Sector: Basic Materials | Industry: Specialty Mining & Metals |
| Company Contact | |
| Address: | Suite 300, 1055 West Hastings Street VANCOUVER BC V6E 2E9 |
| Tel: | N/A |
| Website: | https://powermetalscorp.com |
| IR: | See website |
| Key People | ||
| Cyrus H. Driver Chief Financial Officer, Director | ||
| Business Overview |
| Power Metals Corp. is a Canada-based diversified mining company. The principal business of the Company is the acquisition, exploration and evaluation of resource properties. Its exploration project includes Case Lake property. Case Lake Property is located in Steele and Case townships, 80 km east of Cochrane, NE Ontario, close to the Ontario-Quebec border. The Case Lake pegmatite swarm consists of six spodumene dykes: North, Main, South, East and Northeast Dykes on the Henry Dome and the West Joe Dyke on a new tonalite dome. The Case Lake Property is 10 km x 9.5 km in size and consists of 475 cell claims. The Case Lake pegmatite swarm occurs along a sub provincial boundary between the metasedimentary Opatica Sub province to the north and greenstone Abitibi Sub province to the south. The Company has staked the Pelletier Project consisting of approximately 337 mineral claims that account for total surface area of 7000 hectares in northeast Ontario , approximately 50 km south of Hearst . |
| Financial Overview |
| For the fiscal year ended 30 November 2023, Power Metals Corp revenues was not reported. Net loss decreased 31% to C$2.3M. Lower net loss reflects Write-off of exploration and evaluation decrease of 100% to C$5K (expense), Flow-through premium recovery increase from C$0K to C$447K (income), Loss on settlement of debt decrease from C$154K (expense) to C$0K. |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $40.56M as of Nov 30, 2023 |
| Annual revenue (TTM): | $0.00M as of Nov 30, 2023 |
| EBITDA (TTM): | -$2.54M as of Nov 30, 2023 |
| Net annual income (TTM): | -$2.31M as of Nov 30, 2023 |
| Free cash flow (TTM): | -$2.80M as of Nov 30, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 147,506,010 as of Apr 18, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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