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Western Atlas Resources Inc. (V:WA)

Business Focus: Gold Mining

Sector:  Basic Materials Industry:  Gold
 
Company Contact
Address: 1700 - 666 Burrard Street
VANCOUVER BC V6C 2X8
Tel: N/A
Website: https://westernar.com
IR: See website
Key People
Fabio Capponi
President, Chief Executive Officer, Director
Susan Rubin
Chief Financial Officer, Corporate Secretary
 
Business Overview
Western Atlas Resources Inc. is a Canada-based company focused on the acquisition and development of scalable precious metals projects in premier mining jurisdictions. The Company's wholly owned subsidiary, 5530 Nunavut Inc., holds its interests in the Meadowbank project located in Nunavut, Canada. The Meadowbank project consists of approximately 580 square kilometers (km2) of mineral claims located along trend and immediately adjacent to Agnico Eagle's Meadowbank and Amaruq producing gold mines. The Company also holds mining rights to the Increible 4A and Increible 4B concessions near the town on El Callao, Bolivar State, Venezuela (the Increible Project). The Increible Project is located in the El Callao area of the State of Bolivar and comprises two adjacent concessions covering a total of 2,217 hectares which lie immediately to the north of, and adjacent to La Victoria prospect and three km north of the town of El Callao.
Financial Overview
For the nine months ended 30 September 2023, Western Atlas Resources Inc revenues was not reported. Net loss decreased 50% to C$452K. Lower net loss reflects Share based payments decrease of 94% to C$15K (expense), Property investigation costs decrease of 83% to C$43K (expense), Investor relations decrease of 75% to C$13K (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $2.10M as of Sep 30, 2023
Annual revenue (TTM): $0.00M as of Sep 30, 2023
EBITDA (TTM): -$0.68M as of Sep 30, 2023
Net annual income (TTM): -$0.69M as of Sep 30, 2023
Free cash flow (TTM): -$0.38M as of Sep 30, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 117,853,398 as of Nov 21, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization