Sector: Energy | Industry: Oil & Gas Exploration and Production |
Company Contact | |
Address: | 333 Duckworth Street ST. JOHNS NL A1C 1G9 |
Tel: | N/A |
Website: | https://vulcanminerals.ca |
IR: | See website |
Key People | ||
Patrick J. Laracy President, Chief Executive Officer, Director | Gillianm Russell Chief Financial Officer |
Business Overview |
Vulcan Minerals Inc. is a Canada-based precious and base metals exploration company, which is engaged in mineral exploration on properties in Newfoundland and Labrador. Its projects include Colchester, Gander Belt Gold, Red Cross Lake, South Voisey's Bay, Carbonear and Atlas Salt. The Colchester Copper Gold Project is in north-central Newfoundland. The Gander Belt Gold Project extends approximately 100 kilometers from the north coast of Newfoundland to the south-central part of the island. The Red Cross Lake project is located in central Newfoundland and comprises 102 claims approximately 2,550 hectares. Its South Voisey's Bay nickel-copper-cobalt project located in Labrador. The Project comprises three licenses containing a total of 30 claims. It also holds an interest in Atlas Salt Inc., which is carrying out a feasibility analysis on its Great Atlantic salt deposit in western Newfoundland, strategically located in the robust road de-icing market of eastern North America. |
Financial Overview |
For the nine months ended 30 September 2023, Vulcan Minerals Inc. revenues was not reported. Net loss decreased 75% to C$919K. Lower net loss reflects Dilution loss decrease of 94% to C$217K (expense), Share-based compensation decrease from C$756K (expense) to C$0K, Interest income increase from C$50K to C$183K (income). Basic Earnings per Share excluding Extraordinary Items increased from -C$0.03 to -C$0.01. |
Reporting Currency: | Canadian Dollars |
Enterprise value: | $14.57M as of Sep 30, 2023 |
Annual revenue (TTM): | $0.00M as of Sep 30, 2023 |
EBITDA (TTM): | -$0.54M as of Sep 30, 2023 |
Net annual income (TTM): | $0.01M as of Sep 30, 2023 |
Free cash flow (TTM): | -$0.95M as of Sep 30, 2023 |
Net Debt Last Fiscal Year: | N/A |
Shares outstanding: | 129,309,265 as of Feb 6, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |