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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
VANCOUVER BC V6E 0C3
Tel: N/A
Website: www.virginiaenergyresources.com
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 resource 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 project located in south central Virginia, United States. 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. The Coles Hill project is situated approximately 10 kilometers (kms) northeast of Chatham, Virginia, United States covering approximately 2960 hectares (ha).
Financial Overview
For the nine months ended 30 September 2022, Virginia Energy Resources Inc revenues was not reported. Net loss increased 32% to $389K. Higher net loss reflects General and administrative increase from $44K to $95K (expense), Professional fees increase of 21% to $277K (expense), Stock based compensation increase from $0K to $11K (expense). Basic Earnings per Share excluding Extraordinary Items remained flat at -$0.01.
Reporting Currency: U.S. Dollars
Enterprise value: $25.93M as of Sep 30, 2022
Annual revenue (TTM): $0.00M as of Sep 30, 2022
EBITDA (TTM): -$0.56M as of Sep 30, 2022
Net annual income (TTM): -$0.50M as of Sep 30, 2022
Free cash flow (TTM): -$0.56M as of Sep 30, 2022
Net Debt Last Fiscal Year: N/A
Shares outstanding: 64,245,614 as of Sep 30, 2022
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization