Search Minerals Inc. (V:SMY)
Business Focus: Rare Earth Minerals
| Sector: Basic Materials | Industry: Non-Gold Precious Metals & Minerals |
| Company Contact | |
| Address: | 1100-1199 West Hastings, Street VANCOUVER BC V6E 3T5 |
| Tel: | N/A |
| Website: | https://searchminerals.ca |
| IR: | See website |
| Key People | ||
| Matthew James Anderson Chief Financial Officer | David B. Dreisinger Vice President - Metallurgy, Director | Randy Miller Vice President - Exploration |
| Business Overview |
| Search Minerals Inc. is a Canada-based mineral exploration company that is focused on acquiring, exploring, and evaluating mineral resource properties. The Company's projects include Deep Fox Resource, Foxtrot Resource, Fox Meadow Prospect, Silver Fox Prospect and Red Wine REE District. The Deep Fox Resource is located approximately two-kilometer (km) northeast of the port of St. Lewis on the southeast Labrador coast, within 12 km of the Foxtrot resource. The Fox Meadow Prospect is located approximately 11 km west of Port Hope Simpson and one km northwest of a gravel forest access road which extends southwestward from the Trans-Labrador Highway. The Silver Fox discovery is located 14 km west of St. Lewis, two km west of Foxtrot and about one km south of an all season graveled road. The Red Wine property is located approximately 80 km north-east of Churchill Falls, Labrador and is 100% owned by the Company. |
| Financial Overview |
| For the nine months ended 31 August 2023, Search Minerals Inc revenues was not reported. Net loss decreased 23% to C$1.3M. Lower net loss reflects Share-based compensation - stock options decrease of 93% to C$93K (expense), Shareholder communications decrease of 66% to C$41K (expense), Regulatory and transfer agent fees decrease of 57% to C$45K (expense). |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $10.01M as of Aug 31, 2023 |
| Annual revenue (TTM): | $0.00M as of Aug 31, 2023 |
| EBITDA (TTM): | -$1.41M as of Aug 31, 2023 |
| Net annual income (TTM): | -$0.98M as of Aug 31, 2023 |
| Free cash flow (TTM): | -$3.36M as of Aug 31, 2023 |
| Net Debt Last Fiscal Year: | $0.06M as of Aug 31, 2023 |
| Shares outstanding: | 417,287,014 as of Aug 31, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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