Starmet Ventures Inc. (C:STAR)
Business Focus: Gold Mining
| Sector: Basic Materials | Industry: Gold |
| Company Contact | |
| Address: | #303 1687 West Broadway VANCOUVER BC V6J 1X2 |
| Tel: | N/A |
| Website: | N/A |
| IR: | N/A |
| Key People | ||
| Ohad David Chief Executive Officer, Director | Gabriel Kabazo Chief Financial Officer | |
| Business Overview |
| Starmet Ventures Inc. is engaged in the business of the exploration and development of natural resource properties in the United States. The Company's principal business activities include the exploration of mineral resource properties with an emphasis on the property located in Esmeralda County, Nevada. The Company is engaged in identifying and developing economic mineral resource properties of merit and conducting exploration programs thereon. It has an exploration lease and option agreement to acquire a 100% interest in the JPL Project consisting of certain unpatented mining claims in Nevada, United States. The JPL Project consists of about 54 unpatented lode claims, the JPL Claims, totaling 452 hectares (ha) located. It also owns approximately 302 mineral claims (the Claims) located near Ear Falls in the province of Ontario. The Claims cover approximately 6,040 ha. The Claims are located between one kilometer (km) and 16 km (depending on the claim block) from Ear Falls, Ontario. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Starmet Ventures Inc revenues was not reported. Net loss decreased 51% to C$220K. Lower net loss reflects Consulting fees decrease of 57% to C$128K (expense), Legal decrease of 78% to C$8K (expense), Share-based payments decrease of 29% to C$27K (expense). Basic Earnings per Share excluding Extraordinary Items increased from -C$0.03 to -C$0.01. |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $3.07M as of Dec 31, 2023 |
| Annual revenue (TTM): | $0.00M as of Dec 31, 2023 |
| EBITDA (TTM): | -$0.22M as of Dec 31, 2023 |
| Net annual income (TTM): | -$0.22M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$0.23M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $0.02M as of Dec 31, 2023 |
| Shares outstanding: | 3,546,366 as of Jan 6, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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