Sector: Energy | Industry: Oil & Gas Exploration and Production |
Company Contact | |
Address: | 400-750 11 St Sw CALGARY AB T2P 3N7 |
Tel: | N/A |
Website: | https://avantihelium.com |
IR: | See website |
Key People | ||
Robin Gamley President, Director | Chris Bakker Chief Executive Officer, Director | Brad Paterson Chief Financial Officer, Corporate Secretary |
Cam Buss Vice President - Operations | Genga Nadaraju Vice President - Subsurface Geology, Director | Ali Esmail Vice President - Engineering | Jim Wood Director - Geoscience |
Business Overview |
Avanti Helium Corp. is a Canada-based gas exploration company. The Company is focused on helium exploration and development resources across Western Canada and the United States. Its projects include Greater Knappen Project and Leader Project. The Greater Knappen Project has identified key areas for helium exploration in Southern Alberta and Montana. The project covers an area of approximately 78,000 acres of prospective helium acreage within the Greater Knappen area. The asset has multiple helium target intervals in Devonian and Cambrian. The Leader project area, located in southwest Saskatchewan, contains three helium exploration permits for a total of approximately 63,000 acres. The permits were identified and acquired, based on the Company's detailed geological models and technical assessment. Its targeted zones are the Devonian Souris River and Cambrian Deadwood SS with known helium concentrations up to 1.4% and nitrogen up to approximately 98%. |
Financial Overview |
For the fiscal year ended 31 December 2023, Avanti Helium Corp revenues was not reported. Net loss increased 40% to C$11.6M. Higher net loss reflects General and administration increase from C$742K to C$3.9M (expense), Interest expense increase from C$0K to C$19K (expense), Dep of Fin Lease Right-of-Use Assets increase from C$4K to C$11K (expense). Basic Earnings per Share excluding Extraordinary Items decreased from -C$0.14 to -C$0.15. |
Employees: | 7 as of Dec 31, 2022 |
Reporting Currency: | Canadian Dollars |
Enterprise value: | $25.44M as of Dec 31, 2023 |
Annual revenue (TTM): | $0.00M as of Dec 31, 2023 |
EBITDA (TTM): | -$5.50M as of Dec 31, 2023 |
Net annual income (TTM): | -$11.64M as of Dec 31, 2023 |
Free cash flow (TTM): | -$12.96M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | N/A |
Shares outstanding: | 92,214,424 as of Apr 22, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |