Tectonic Metals Inc. (V:TECT)
Business Focus: Gold Mining
| Sector: Basic Materials | Industry: Gold |
| Company Contact | |
| Address: | 1199 West Hastings Street, Suite 1400 VANCOUVER BC V6E 3T5 |
| Tel: | N/A |
| Website: | https://www.tectonicmetals.com |
| IR: | See website |
| Key People | ||
| N/A | ||
| Business Overview |
| Tectonic Metals Inc. is a Canada-based mineral exploration company. The Company's principal business activities include the identification, acquisition, and exploration of mineral properties primarily in the United States and Canada. Its projects include Tibbs Gold, and Flat Gold. The Tibbs project is located in the Goodpaster Mining District approximately 175 kilometers (km) southeast of Fairbanks, Alaska, and 35 km east of the Northern Star Resources' Pogo Mine. The property covers approximately 29,280 acres of highly prospective geology hosting over 25 target areas and historic lode gold production in three locations. The Flat Gold Project is located 40 km north of the giant Donlin Gold deposit. The Flat Gold Project is comprised of approximately 92,000 acres of Doyon land. The Flat Gold Project is an underexplored, intrusion-hosted gold system with mineralization beginning at the surface near a world-class gold deposit, within the mining district in Alaska. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Tectonic Metals Inc revenues was not reported. Net loss increased from C$4M to C$9.6M. Higher net loss reflects Exploration and evaluation expenses increase from C$2.1M to C$7.5M (expense), General and administration increase from C$70K to C$209K (expense), Share-based compensation increase from C$97K to C$196K (expense). |
| Employees: | 7 as of Nov 8, 2019 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $19.11M as of Dec 31, 2023 |
| Annual revenue (TTM): | $0.00M as of Dec 31, 2023 |
| EBITDA (TTM): | -$9.54M as of Dec 31, 2023 |
| Net annual income (TTM): | -$9.60M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$9.35M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 330,700,924 as of Feb 9, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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