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Rock Tech Lithium Inc. (V:RCK)

Business Focus: Specialty Mining & Metals

Sector:  Basic Materials Industry:  Specialty Mining & Metals
 
See Regulatory Filings on SEDAR
Company Contact
Address: 600-777 Hornby St
VANCOUVER BC V6Z 1S4
Tel: N/A
Website: rocktechlithium.com
IR: See website
Key People
Simon Bodensteiner
President, Chief Executive Officer, Director
Brad Barnett
Chief Financial Officer, Director
 
Business Overview
Rock Tech Lithium Inc. is a Canada-based mineral exploration company. The Company holds an interest in the Georgia Lake lithium project in the Thunder Bay Mining District of Ontario. The Georgia Lake project consists of approximately 80 leases and approximately 20 claims covering approximately 4,590hectares. The project is located in an area underlain by metasediments and metavolcanics of Archaen age. The Georgia Lake pegmatites contain lithium-bearing spodumene. The spodumene-bearing pegmatites of the Georgia Lake area are located approximately 140 kilometers northeast of the city of Thunder Bay. The Company has an indicated resource estimate of approximately 3.19 million tons grading approximately 1.10% lithium oxide and an inferred resource estimate of over 6.30 million tons at 1.00% lithium oxide.
Financial Overview
For the three months ended 31 March 2020, Rock Tech Lithium Inc revenues was not reported. Net loss increased from C$243K to C$1.4M. Higher net loss reflects Stock-based payments increase from C$0K to C$1M (expense), Management fees increase of 48% to C$123K (expense), Consulting fees increase from C$28K to C$59K (expense). Basic Earnings per Share excluding Extraordinary Items decreased from -C$0.01 to -C$0.04.
Reporting Currency: Canadian Dollars
Enterprise value: $21.63M as of Mar 31, 2020
Annual revenue (TTM): $0.00M as of Mar 31, 2020
EBITDA (TTM): -$2.21M as of Mar 31, 2020
Net annual income (TTM): -$2.21M as of Mar 31, 2020
Free cash flow (TTM): -$1.42M as of Mar 31, 2020
Net Debt Last Fiscal Year: N/A
Shares outstanding: 34,398,588 as of Mar 31, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization