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Spey Resources Corp. (C:SPEY)

Business Focus: Non-Gold Precious Metals & Minerals (NEC)

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://www.speyresources.ca
IR: See website
Key People
N/A    
Business Overview
Spey Resources Corp. is a Canadian lithium focused mineral exploration company which has an 80% interest in the Candela II lithium brine project located in the Incahuasi Salar, Salta Province, Argentina. It holds an option to acquire a 100% interest in the Kaslo Silver project, west of Kaslo, British Columbia. The Kaslo Silver Property, a silver and base metal property, located 12 kilometers west of Kaslo in southern British. The mineral tenures include 13 claims and 13 crown grants that cover an area of approximately 3,238.9 hectares. It also holds an option to acquire a 100% interest in the Silver Basin project located in the Revelstoke Mining Division of British Columbia. The Company has an option to acquire a 100% interest in the Pocitos I and Pocitos II claims (the Pocitos Property) located in Salta, Argentina.
Financial Overview
For the fiscal year ended 30 November 2023, Spey Resources Corp revenues was not reported. Net loss increased 18% to C$5.5M. Higher net loss reflects Write-off of exploration and evaluation increase from C$251K to C$1.1M (expense), Realized loss on marketable securities increase of 28% to C$169K (expense), Advertising and marketing increase of 5% to C$481K (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $0.33M as of Nov 30, 2023
Annual revenue (TTM): $0.00M as of Nov 30, 2023
EBITDA (TTM): -$2.47M as of Nov 30, 2023
Net annual income (TTM): -$5.48M as of Nov 30, 2023
Free cash flow (TTM): -$1.69M as of Nov 30, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 112,100,541 as of Dec 19, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization