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Teras Resources Inc. (V:TRA)

Business Focus: Gold Mining

Sector:  Basic Materials Industry:  Gold
 
Company Contact
Address: 206 6025 12th Street S.E.
CALGARY AB T2H 1K1
Tel: N/A
Website: https://teras.ca
IR: See website
Key People
Joseph A. Carrabba
President, Chief Executive Officer, Director
Kuldip C. Baid
Chief Financial Officer
 
Business Overview
Teras Resources Inc. is a Canada-based mineral exploration company. The Company is engaged in acquisition and exploration of mineral property interests in Montana, Nevada and Cahuilla in California. Its projects include Cahuilla Gold Project, Corral Canyon Gold project, Gold Point property, Superstition Mountain Gold Property, Sunny Slope and Watseca Mill Property. The Cahuilla Gold Project is located in Imperial County, California. The Corral Canyon Gold Project consists of two unpatented claims and is located in Churchill County, Nevada. The Gold Point property consists of eight unpatented claims, which is located in Sierra County, California. The Superstition Mountain Gold Property consists of six unpatented claims, which is located in Imperial County, California. The Sunny Slope gold mine consists of 16 unpatented claims, which is located in Mineral County, Nevada. The Watseca Mill Property is in Rochester Basin, Montana, which includes a mill site and 13 patented mining claims.
Financial Overview
For the nine months ended 28 February 2023, Teras Resources Inc revenues was not reported. Net loss decreased 96% to C$524K. Lower net loss reflects Impairments decrease from C$13M (expense) to C$0K, Stock-based compensation decrease of 93% to C$6K (expense), General and administrative decrease of 11% to C$430K (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $0.64M as of Feb 28, 2023
Annual revenue (TTM): $0.00M as of Feb 28, 2023
EBITDA (TTM): -$0.77M as of Feb 28, 2023
Net annual income (TTM): -$13.97M as of Feb 28, 2023
Free cash flow (TTM): -$0.52M as of Feb 28, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 250,716,020 as of Feb 12, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization