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Western Atlas Resources Inc. (V:WA)

Business Focus: Gold Mining

Sector:  Basic Materials Industry:  Gold
 
See Regulatory Filings on SEDAR
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. The Company is focused on the acquisition and development of scalable precious and base metals projects in pro-mining jurisdictions. The Company is engaged in exploring its 100% owned Meadowbank project. The Company's projects include Meadowbank and Lo Increible. The Meadowbank project is strategically positioned along trend and immediately adjacent to Agnico Eagle's Meadowbank and Amaruq producing gold mines in Nunavut, Canada. The Meadowbank Project is fully permitted for exploration, inclusive of drilling. 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 Meadowbank project is 100% owned by its and is fully permitted for exploration, including drilling.
Financial Overview
For the fiscal year ended 31 December 2022, Western Atlas Resources Inc revenues was not reported. Net loss increased 73% to C$1.2M. Higher net loss reflects Share-based payments increase from C$0K to C$288K (expense), Property investigation costs increase of 38% to C$216K (expense), Investor relations increase from C$27K to C$78K (expense). Basic Earnings per Share excluding Extraordinary Items remained flat at -C$0.01.
Reporting Currency: Canadian Dollars
Enterprise value: $2.09M as of Mar 31, 2023
Annual revenue (TTM): $0.00M as of Mar 31, 2023
EBITDA (TTM): -$1.15M as of Mar 31, 2023
Net annual income (TTM): -$1.15M as of Mar 31, 2023
Free cash flow (TTM): -$0.90M as of Mar 31, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 117,553,398 as of Dec 31, 2022
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization