Transition Metals Corp. (V:XTM)
Business Focus: Gold Mining
| Sector: Basic Materials | Industry: Gold |
| Company Contact | |
| Address: | 9 - 1351C Kelly Lake Road SUDBURY ON P3E 5P5 |
| Tel: | N/A |
| Website: | https://www.transitionmetalscorp.com |
| IR: | See website |
| Key People | ||
| Scott Mclean President, Chief Executive Officer, Director | Carmelo Marrelli Chief Financial Officer | Greg Collins Chief Operating Officer | Tom Hart Vice President - Exploration |
| Business Overview |
| Transition Metals Corp. is a multi-commodity company. The Company is engaged in the acquisition and exploration of mineral exploration properties in Canada and the United States. Its projects include Pike Warden, Saturday Night, Maude Lake Property, Wollaston Copper, Jolly Gold, Duntara Copper Property, Highland Gold, Gowganda Gold, Cryderman Gold, Bancroft, Aylmer IOCG, Lewisporte Property and Island Copper Property. The Jolly Gold covers the western extension of the Beardmore-Geraldton greenstone belt. Maude Lake Property is an emerging, high tenor Ni-Cu-Co-PGM magmatic sulfide system located 10 kilometers (km) north of Schreiber, Ontario. The Saturday Night project is a one km diameter, circular magnetic feature located 16 km west of Sunday Lake. Cryderman Gold property is located along the regionally significant and deep crustal Ridout Deformation Zone. The Aylmer IOCG project covers approximately 3,131 hectares encompassing 119 mining claims located northeast of the Sudbury Basin. |
| Financial Overview |
| For the six months ended 29 February 2024, Transition Metals Corp revenues was not reported. Net loss decreased 79% to C$339K. Lower net loss reflects Unrealized gain (loss) on marketable sec increase from C$443K (expense) to C$129K (income), Exploration and evaluation expenditures decrease of 62% to C$172K (expense), Share based compensation decrease from C$86K (expense) to C$0K. |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $1.47M as of Feb 29, 2024 |
| Annual revenue (TTM): | $0.00M as of Feb 29, 2024 |
| EBITDA (TTM): | -$1.30M as of Feb 29, 2024 |
| Net annual income (TTM): | -$1.02M as of Feb 29, 2024 |
| Free cash flow (TTM): | -$1.40M as of Feb 29, 2024 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 67,527,139 as of Mar 13, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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