Velocity Minerals Ltd. (V:VLC)
Business Focus: Gold Mining
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Latest 10 SEDI filings for VLC within the last 6 months
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Company News
Feb 12, 2024 08:45 ET
Velocity Minerals Provides Update for the Zlatusha Copper-Gold Project, Bulgaria
Vancouver, British Columbia--(Newsfile Corp. - February 12, 2024) - Velocity Minerals Ltd. (TSXV: VLC) (OTCQB: VLCJF) ("Velocity" or the "Company") provides an update on the ongoing exploration program at the Zlatusha copper-gold project ("Zlatusha" or the "Project"), located in the prolific Tethyan Belt that has potential for epithermal, porphyry, and skarn deposit discoveries. Phase I drill testing is planned for Q2 2024, with an initial 3,000m of diamond drilling to test priority copper-gold target areas.
Jan 23, 2024 08:30 ET
Velocity Receives Positive Drill Results from Iglika Copper-Gold Project, Southeast Bulgaria
Vancouver, British Columbia--(Newsfile Corp. - January 23, 2024) - Velocity Minerals Ltd. (TSXV: VLC) (OTCQB: VLCJF) ("Velocity" or the "Company") announces receipt of drill results from the Iglika copper-gold property ("Iglika" or the "Property"), located in southeast Bulgaria. Exploration is ongoing and a second drill rig has been mobilized to the Property. The drill program is fully funded by Dundee Precious Metals Inc. ("DPM").
Valuation Ratios
Industry
Sector
Beta
0.95
--
--
Price to Sales - TTM
--
3.67
4.43
Price to Book - most recent quarter
0.79
2.11
1.98
Price to Cash Flow per share - TTM
--
10.28
9.44
Price to Free Cash Flow per share - TTM
--
25.68
19.72
Short Report
| Date | Number of Shares Shorted | Net Change |
|---|---|---|
| Dec 31, 1969 | 0 | 0 |
| Dec 31, 1969 | 0 | 0 |
| Dec 31, 1969 | 0 | 0 |
Business Summary
| Sector: Basic Materials | Industry: Gold |
Velocity Minerals Ltd. (Velocity) is a Canada-based precious metals and copper explorer focused on Eastern Europe. The Company is in the business of acquiring, exploring, and evaluating mineral resource properties in Bulgaria. In Bulgaria, the Company has a 70% interest in the Tintyava property, which includes the prefeasibility-stage Rozino deposit. The Company also has a 70% interest in the Momchil property (which includes the Obichnik project), a 70% interest in the Nadezhda property (which includes the Makedontsi project), and a 70% interest in the Dangovo property (which is contiguous with the Makedontsi project). The Company holds a 100% interest in the Iglika copper-gold exploration property and entered into an option agreement with DPM, who have an option to earn a 75% interest in the property. The Company has also entered into agreements to acquire a 75% interest in the Zlatusha and Kalabak copper-gold exploration properties.
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