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Victory Resources Corporation (V:VR)

Business Focus: Integrated Mining

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Sector:  Basic Materials Industry:  Integrated Mining
See Regulatory Filings on SEDAR
Company Contact
Address: 734-1055 Dunsmuir Street
Stn Bentall Centre
PO Box 49001
Tel: N/A
IR: See website
Key People
David Lane
Chief Executive Officer, Director
Tatiana Kovaleva
Chief Financial Officer
Kristine Frost
Business Overview
Victory Resources Corporation is an exploration-stage company. The Company is engaged in the exploration of its mineral properties located in Canada. The Company holds interest in a prospective mineral property known as the Toni Property. The Company holds approximately 44,190 Hectares (Ha) over 110 claims, which make up the Toni Property. The Company completed the diamond drilling of approximately six holes totaling over 710 meters on the Wen prospect of the Toni property. The Company has claims in the area designated as the Rich Lake Lithium Property. The Rich Lake Lithium Property is located over 360 kilometers north of Thunder Bay, and within approximately 20 kilometers of Fort Hope in North-Central Ontario. The Company's subsidiaries include Victory Resources Corporation U.S.A. and VicRes Mining Mexico S.A. de C.V. The Company has not generated any revenues.
Financial Overview
For the nine months ended 30 November 2018, Victory Resources Corp revenues was not reported. Net loss before extraordinary items increased from C$318K to C$955K. Higher net loss reflects Property investigation increase from C$14K to C$80K (expense), Management and directors fees increase of 37% to C$72K (expense), Travel increase from C$6K to C$22K (expense). Basic Earnings per Share excluding Extraordinary Items increased from -C$0.08 to -C$0.07.
Reporting Currency: Canadian Dollars
Enterprise value: $1.41M as of Nov 30, 2018
Annual revenue (TTM): $0.00M as of Nov 30, 2018
EBITDA (TTM): -$1.19M as of Nov 30, 2018
Net annual income (TTM): -$1.21M as of Nov 30, 2018
Free cash flow (TTM): -$1.06M as of Nov 30, 2018
Net Debt Last Fiscal Year: N/A
Shares outstanding: 13,740,234 as of Nov 30, 2018
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization