Vortex Energy Corp. (C:VRTX)
Business Focus: Non-Gold Precious Metals & Minerals (NEC)
| Sector: Basic Materials | Industry: Non-Gold Precious Metals & Minerals |
| Company Contact | |
| Address: | 1930 - 1177 West Hastings Street VANCOUVER BC V6E 2K3 |
| Tel: | N/A |
| Website: | https://vortexenergycorp.com |
| IR: | See website |
| Key People | ||
| Kirk Hollohan Chief Executive Officer, Director | Paul More Chief Financial Officer, Corporate Secretary | Brian Thurston Vice President of Exploration |
| Business Overview |
| Vortex Energy Corp. is a Canada-based exploration stage company. The Company is engaged principally in the acquisition, exploration and development of mineral properties in North America. The Company is advancing its Robinson River Salt Project comprised of a total of 942 claims covering 23,500 hectares located approximately 35 linear kilometers (kms) south of the town of Stephenville in the Province of Newfoundland & Labrador. The Robinsons River Salt Project is prospective for both salt and hydrogen salt cavern storage. The Company is also evaluating technologies to efficiently store hydrogen or energy in salt caverns. It also holds the Fire Eye Project, which is located in the Wollaston Domain of northern Saskatchewan, Canada. |
| Financial Overview |
| For the six months ended 31 December 2023, Vortex Energy Corp revenues was not reported. Net loss increased from C$1.3M to C$5M. Higher net loss reflects Advertising and marketing increase from C$0K to C$2.5M (expense), Share-based compensation increase of 84% to C$1.6M (expense), Consulting fees increase from C$132K to C$339K (expense). Basic Earnings per Share excluding Extraordinary Items decreased from -C$0.04 to -C$0.07. |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $12.84M as of Dec 31, 2023 |
| Annual revenue (TTM): | $0.00M as of Dec 31, 2023 |
| EBITDA (TTM): | -$7.05M as of Dec 31, 2023 |
| Net annual income (TTM): | -$7.12M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$6.31M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 81,470,561 as of Mar 27, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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