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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
VANCOUVER BC V7X 1B1
Tel: N/A
Website: www.victoryresourcescorp.com
IR: See website
Key People
David Lane
Chief Executive Officer, Director
Tatiana Kovaleva
Chief Financial Officer
Kristine Frost
Secretary
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 three months ended 31 May 2019, Victory Resources Corp revenues was not reported. Net loss decreased 58% to C$333K. Lower net loss reflects Share-based compensation decrease from C$474K (expense) to C$0K, Property investigation decrease from C$72K (expense) to C$0K, Professional Fees decrease of 44% to C$33K (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $0.45M as of May 31, 2019
Annual revenue (TTM): $0.00M as of May 31, 2019
EBITDA (TTM): -$0.73M as of May 31, 2019
Net annual income (TTM): -$2.67M as of May 31, 2019
Free cash flow (TTM): -$1.00M as of May 31, 2019
Net Debt Last Fiscal Year: N/A
Shares outstanding: 97,060,936 as of Jun 6, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization