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Virginia Energy Resources Inc. (V:VUI)

Business Focus: Uranium (NEC)

Sector:  Energy Industry:  Uranium
See Regulatory Filings on SEDAR
Company Contact
Address: 650- 1021 West Hastings Street
Tel: N/A
IR: See website
Key People
Walter Coles
Chairman of the Board, President, Chief Executive Officer
Andrew Macritchie
Chief Financial Officer
Walter J. Coles
Executive Vice President - Corporate Development
Neal Keesee
Corporate Secretary, Director
Business Overview
Virginia Energy Resources Inc. is a Canada-based uranium development and exploration company. The Company is focused on the exploration and development of uranium deposits located in the southern part of the state of Virginia in the United States of America. The Company through its subsidiary, Virginia Uranium, Inc., owns 100% interest in the Coles Hill uranium development project in Virginia, United States of America. Virginia Uranium, Inc. controls the mineral rights, surface rights, and leasehold development and operating rights on the Coles Hill property. Coles Hill is located on gently rolling hills in Pittsylvania County, southern Virginia, in close proximity to established infrastructure and skilled labor.
Financial Overview
For the fiscal year ended 31 December 2021, Virginia Energy Resources Inc revenues was not reported. Net loss decreased 40% to $280K. Lower net loss reflects Professional and legal fees decrease of 60% to $173K (expense), Stock based compensation decrease from $85K (expense) to $0K, Public relations decrease of 15% to $1K (expense).
Reporting Currency: U.S. Dollars
Enterprise value: $26.00M as of Dec 31, 2021
Annual revenue (TTM): $0.00M as of Dec 31, 2021
EBITDA (TTM): -$0.40M as of Dec 31, 2021
Net annual income (TTM): -$0.36M as of Dec 31, 2021
Free cash flow (TTM): -$1.00M as of Dec 31, 2021
Net Debt Last Fiscal Year: N/A
Shares outstanding: 63,905,614 as of Dec 31, 2021
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization