Targa Exploration Corp. (C:TEX)
Business Focus: Specialty Mining & Metals (NEC)
| Sector: Basic Materials | Industry: Specialty Mining & Metals |
| Company Contact | |
| Address: | Suite 1723, 595 Burrard Street VANCOUVER BC V7X 1J1 |
| Tel: | N/A |
| Website: | https://targaexploration.com |
| IR: | See website |
| Key People | ||
| Cameron Tymstra President, Chief Executive Officer | Dilshan Anthony Chief Financial Officer | Jon Ward Vice President - Corporate Development, Director |
| Lorne Warner Vice President - Exploration | Andrew Rockandel Non-Independent Executive Director | Jennifer Hanson Corporate Secretary |
| Business Overview |
| Targa Exploration Corp. is a Canadian lithium exploration company engaged in the acquisition, exploration, and development of lithium mineral properties. The Company's lithium project portfolio consists of about 15 projects in the provinces of Quebec, Ontario, Manitoba, and Saskatchewan and covers over 400,000 hectares (ha) of prospective ground. The Company's projects include the Opinaca Project, Leaf River Project, Musquaro Project, Ungava Project, Pegmatite Beach Project, Harricana Project, Superior Projects, Sky Lake Project, Slim Jim Project, Case Lake Project, Lakeshore Project, Detour West Project, White Metal Project, and Prince-Albert Lake Project. Its gold-silver project in the province of Yukon is Shanghai Project. The Opinaca Lithium Property is located within the Opinaca sedimentary basin in James Bay, Quebec. The Leaf River Project consists of two individual blocks of mineral claims in the Nunavik region of northern Quebec totaling about 25,636 ha. |
| Financial Overview |
| For the nine months ended 31 December 2023, Targa Exploration Corp revenues was not reported. Net loss increased from C$712K to C$6.7M. Higher net loss reflects Exploration and evaluation expenditures increase from C$506K to C$5.5M (expense), Share-based compensation increase from C$47K to C$699K (expense), Marketing and investor relations increase from C$3K to C$167K (expense). |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $7.27M as of Dec 31, 2023 |
| Annual revenue (TTM): | $0.00M as of Dec 31, 2023 |
| EBITDA (TTM): | -$8.95M as of Dec 31, 2023 |
| Net annual income (TTM): | -$8.86M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$2.51M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 98,370,404 as of May 1, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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