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QMC Quantum Minerals Corp. (V:QMC)

Business Focus: Specialty Mining & Metals (NEC)

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