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Tantalex Lithium Resources Corporation (C:TTX)

Business Focus: Specialty Mining & Metals (NEC)

Sector:  Basic Materials Industry:  Specialty Mining & Metals
 
Company Contact
Address: 1410 - 120 Adelaide St. W
TORONTO ON M5H 1T1
Tel: N/A
Website: https://www.tantalexlithium.com
IR: See website
Key People
Eric Allard
President, Chief Executive Officer, Director
Kyle Appleby
Chief Financial Officer
Hannes Miller
Chief Operating Officer
Jeffrey Lindhorst
Head of Exploration
Michel Lebeuf
Corporate Secretary
 
Business Overview
Tantalex Lithium Resources Corporation is a Canada-based exploration and development stage mining company. The Company is engaged in the acquisition, exploration, development and distribution of lithium, tin, tantalum and other high-tech mineral properties in Africa. It is focused on developing its lithium assets in the prolific Manono area in the Democratic Republic of Congo. Its project includes Manono Tailings, Pegmatite Corridor Exploration and Titan. The Manono Tailings project covers 105 million mt over 11 dumps, containing Lithium, Tin and Tantalum. The Pegmatite Corridor Exploration project is located southwest of Dathcom Mining with 269 million tons measured and indicated resource, for which the pegmatite extends throughout its licenses 12447 and 12448.
Financial Overview
For the nine months ended 30 November 2023, Tantalex Lithium Resources Corporation revenues was not reported. Net loss increased 22% to C$13.8M. Higher net loss reflects Mineral Exploration and Development segment loss increase from C$4.2M to C$12.3M. Basic Earnings per Share excluding Extraordinary Items remained flat at -C$0.02.
Reporting Currency: Canadian Dollars
Enterprise value: $54.47M as of Nov 30, 2023
Annual revenue (TTM): $0.00M as of Nov 30, 2023
EBITDA (TTM): -$13.05M as of Nov 30, 2023
Net annual income (TTM): -$10.71M as of Nov 30, 2023
Free cash flow (TTM): -$10.78M as of Nov 30, 2023
Net Debt Last Fiscal Year: $32.36M as of Nov 30, 2023
Shares outstanding: 719,675,071 as of Mar 19, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization