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Victory Empire Inc. (V:VR)

Business Focus: Integrated Mining

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 fiscal year ended 29 February 2020, Victory Resources Corp revenues was not reported. Net loss before extraordinary items decreased 72% to C$880K. Lower net loss reflects Write down of exploration and evaluation decrease from C$1.8M (expense) to C$0K, Share-based compensation decrease from C$474K (expense) to C$0K, Consulting decrease of 47% to C$188K (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $2.25M as of Feb 29, 2020
Annual revenue (TTM): $0.00M as of Feb 29, 2020
EBITDA (TTM): -$1.24M as of Feb 29, 2020
Net annual income (TTM): -$0.88M as of Feb 29, 2020
Free cash flow (TTM): -$1.04M as of Feb 29, 2020
Net Debt Last Fiscal Year: $0.13M as of Feb 29, 2020
Shares outstanding: 19,322,104 as of Jun 25, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization