Sector: Basic Materials | Industry: Specialty Mining & Metals |
Company Contact | |
Address: | Suite 440, 755 Burrard Street VANCOUVER BC V6Z 1X6 |
Tel: | N/A |
Website: | https://www.qmcminerals.com |
IR: | See website |
Key People | ||
Balraj S. Mann President, Chief Executive Officer, Director | Edward Low Chief Financial Officer |
Business Overview |
QMC Quantum Minerals Corp. is engaged in the business of acquisition, exploration, and development of resource properties. The Company's properties include the Irgon Lithium Mine Project and two VMS properties, the Rocky Lake and Rocky-Namew, known collectively as the Namew Lake District Project. All of its properties are located in Manitoba. The Irgon Lithium Mine Property consists of about 22 mining claims totaling 11,325 acres located in the prolific Cat Lake-Winnipeg River rare-element pegmatite field of southeast Manitoba. The Rocky Lake Property consists of Rock claims one to 13, 3,190 hectares (ha) and Jaln Claim 256 ha for a total of 3,446 ha. The 100% owned Namew Lake project is located in the Flin-Flon Greenstone belt and is adjacent to the Rocky Lake Property. The property covers over 19,000 ha. The Paleoproterozoic Flin Flon domain contains 31 developed VMS deposits, from which more than 170 million tons of sulfide ore have been mined or are under development. |
Financial Overview |
For the three months ended 30 November 2023, QMC Quantum Minerals Corp revenues was not reported. Net loss decreased 28% to C$51K. Lower net loss reflects Rent decrease of 62% to C$12K (expense), Listing and Filing Fees decrease from C$4K (expense) to C$0K, Office and miscellaneous decrease of 9% to C$4K (expense). |
Reporting Currency: | Canadian Dollars |
Enterprise value: | $7.62M as of Nov 30, 2023 |
Annual revenue (TTM): | $0.00M as of Nov 30, 2023 |
EBITDA (TTM): | -$0.30M as of Nov 30, 2023 |
Net annual income (TTM): | -$0.31M as of Nov 30, 2023 |
Free cash flow (TTM): | -$0.44M as of Nov 30, 2023 |
Net Debt Last Fiscal Year: | $0.02M as of Nov 30, 2023 |
Shares outstanding: | 96,110,824 as of Jan 12, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |