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Titanium Corporation Inc. (V:TIC)

Business Focus: Mining Support Services & Equipment

Sector:  Basic Materials Industry:  Mining Support Services & Equipment
See Regulatory Filings on SEDAR
Company Contact
Address: 903-700 8 Ave SW
Tel: N/A
IR: See website
Key People
David C. W. Macdonald
Chairman of the Board
Scott Eugene Nelson
President, Chief Executive Officer, Director
Jennifer Kaufield
Chief Financial Officer, Vice President - Finance
Kevin Moran
Executive Vice President, Chief Technology Officer
John Oxenford
Vice President - Oil Sands Operations
Daniel Erasmus
Vice President - Mineral Sands
Jessica Brown
Corporate Secretary
Business Overview
Titanium Corporation Inc. is a Canada-based development-stage company. The Company is engaged in researching and developing a separation process for the recovery of heavy minerals and bitumen from oil sands froth treatment tailings. The Company has developed Creating Value from Waste (CVW) technologies that recover valuable heavy minerals, bitumen, solvent and water from oil sands waste tailings. The Company's technology prevents these commodities from entering tailings ponds and the atmosphere. The Company's technology helps in reducing volatile organic compound and greenhouse gas emissions. The Company has focused its engineering and financial resources towards its oil sands project in Alberta. The Company has not generated any revenues from its planned operations.
Financial Overview
For the three months ended 31 March 2020, Titanium Corporation Inc. revenues was not reported. Net loss applicable to common stockholders totaled C$908K vs. income of C$426K. Net loss reflects Recovery of project costs decrease from C$1.5M (income) to C$0K, Consulting and professional fees increase of 76% to C$78K (expense), Rent, Insurance & Office increase of 2% to C$32K (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $5.85M as of Mar 31, 2020
Annual revenue (TTM): $0.00M as of Mar 31, 2020
EBITDA (TTM): -$1.40M as of Mar 31, 2020
Net annual income (TTM): -$1.33M as of Mar 31, 2020
Free cash flow (TTM): -$0.23M as of Mar 31, 2020
Net Debt Last Fiscal Year: N/A
Shares outstanding: 36,378,719 as of Apr 1, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization