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Vantex Resources Ltd. (V:VAX)

Business Focus: Non-Gold Precious Metals & Minerals (NEC)

Sector:  Basic Materials Industry:  Non-Gold Precious Metals & Minerals
 
Company Contact
Address: 400 837 West Hastings Street
VANCOUVER BC V6C 3N6
Tel: N/A
Website: www.vantexressources.com
IR: See website
Key People
Quinn Field-Dyte
President, Chief Executive Officer, Chief Financial Officer, Director
   
Business Overview
Vantex Resources Ltd. is a Canada-based company engaged in acquiring, exploring, appraising and developing mining mineral properties. The Company's projects include the Galloway project, Renault Bay property, Lac Bousquet property, and Lac Fortune. The Galloway Project includes mining properties, such as Hurd, Ogima Nord, Sandborn, Perron, Francoeur, Cadillac Rang III, Renault Bay and Lac Fortune Ouest, all located in Dasserat Township, Abitibi. This Project has the potential for the development of open-pit gold deposits. The Renault Bay Property is located approximately 2.5 kilometers north of the Galloway shaft. The Lac Bousquet Property is in the Abitibi region of the province of Quebec, approximately 30 kilometers west of Rouyn-Noranda. The property consists of two claim blocks totaling 70 claims covering approximately 1,515.55 hectares. The Company holds the mining rights of the Lac Fortune Property, which comprises over 17 claims.
Financial Overview
For the fiscal year ended 31 October 2023, Vantex Resources Ltd revenues was not reported. Net loss increased from C$148K to C$366K. Higher net loss reflects Other income decrease from C$250K (income) to C$0K, Flow-through share penalties increase from C$0K to C$9K (expense), Registration and information to sharehol increase from C$3K to C$7K (expense). Basic Earnings per Share excluding Extraordinary Items decreased from -C$0.03 to -C$0.08.
Reporting Currency: Canadian Dollars
Enterprise value: N/A
Annual revenue (TTM): $0.00M as of Oct 31, 2023
EBITDA (TTM): -$0.28M as of Oct 31, 2023
Net annual income (TTM): -$0.37M as of Oct 31, 2023
Free cash flow (TTM): -$0.05M as of Oct 31, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 4,809,252 as of Oct 31, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization