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Complete financial analysis of Element 29 Resources Inc. (EMTRF) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Element 29 Resources Inc., a leading company in the Copper industry within the Basic Materials sector.
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Element 29 Resources Inc. (EMTRF)
About Element 29 Resources Inc.
Element 29 Resources Inc. acquires, explores for, evaluates, and develops mineral properties in Peru. The company primarily explores for copper, molybdenum, gold, silver, lead, zinc, and other deposits. Its flagship property is the Flor de Cobre project comprising seven mining concessions and two concession applications covering an area of approximately 1,927 hectares located in the Southern Peru. The company also holds 100% interests in the Elida project that includes 28 mining concessions covering an area of approximately 19,210 hectares located in the province of Ocros; the Pahuay Copper Skarn project covering an area of approximately 700 hectares located to the south of Lima; and Muñaorjo copper project covering an area of 1,000 hectares located in Peru. Element 29 Resources Inc. was incorporated in 2017 and is headquartered in Vancouver, Canada.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|
| Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cost of Revenue | 39.67K | 17.76K | 5.14K | 0.00 | 0.00 | 0.00 |
| Gross Profit | -39.67K | -17.76K | -5.14K | 0.00 | 0.00 | 0.00 |
| Gross Profit Ratio | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Research & Development | 0.00 | 263.03K | 124.14K | 0.00 | 0.00 | 0.00 |
| General & Administrative | 548.91K | 3.64M | 2.92M | 2.02M | 1.14M | 28.49K |
| Selling & Marketing | 964.80 | 0.00 | 0.00 | 0.00 | 0.00 | 50.00K |
| SG&A | 1.34M | 3.64M | 2.92M | 2.02M | 1.14M | 78.49K |
| Other Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 1.94M | 3.90M | 2.92M | 2.02M | 1.14M | 78.49K |
| Cost & Expenses | 1.94M | 3.92M | 2.92M | 2.02M | 1.14M | 78.49K |
| Interest Income | 21.57 | 27.70K | 17.82K | 5.69K | 22.42K | 0.00 |
| Interest Expense | 0.00 | 0.00 | 0.00 | 473.41K | 0.00 | 0.00 |
| Depreciation & Amortization | 22.23K | 17.76K | 5.14K | 1.79M | 990.03K | 78.49K |
| EBITDA | -1.36M | -2.55M | -2.26M | -296.47K | -142.60K | 0.00 |
| EBITDA Ratio | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Operating Income | -1.38M | -3.73M | -2.92M | -2.03M | -1.16M | -78.49K |
| Operating Income Ratio | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Total Other Income/Expenses | -534.92K | -2.14M | 17.82K | -53.07K | 22.42K | 0.00 |
| Income Before Tax | -1.92M | -5.24M | -2.91M | -2.08M | -1.13M | -78.49K |
| Income Before Tax Ratio | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Income Tax Expense | 0.00 | 1.32M | -231.42K | 452.36K | -35.67K | -78.49K |
| Net Income | -1.92M | -5.24M | -2.91M | -2.08M | -1.13M | -78.49K |
| Net Income Ratio | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| EPS | -0.02 | -0.07 | -0.04 | -0.03 | -0.01 | 0.00 |
| EPS Diluted | -0.02 | -0.07 | -0.04 | -0.03 | -0.01 | 0.00 |
| Weighted Avg Shares Out | 92.73M | 79.24M | 68.71M | 76.43M | 76.43M | 76.43M |
| Weighted Avg Shares Out (Dil) | 92.72M | 79.24M | 68.71M | 76.43M | 76.43M | 76.43M |
Element 29 Receives Prior Consultation Process Exemption for the Atravesado Porphyry Cu-Mo Target Drill Permit
Vancouver, British Columbia--(Newsfile Corp. - October 31, 2024) - Element 29 Resources Inc. (TSXV: ECU) (OTCQB: EMTRF) (BVL: ECU) ("Element 29" or the "Company") is pleased to announce that it has received exemption from the Consulta Previa ("Prior Consultation") process...
Element 29 Commences Resource Expansion Drill Program at its Elida Porphyry Cu-Mo-Ag Deposit in Central Peru
Vancouver, British Columbia--(Newsfile Corp. - September 24, 2024) - Element 29 Resources Inc. (TSXV: ECU) (OTCQB: EMTRF) (BVL: ECU) ("Element 29" or the "Company") is pleased to announce the commencement of drilling activites at its Elida Porphyry Copper ("Cu") -...
Element 29 Announces Private Placement of up to $3,000,000
All dollar amounts are Canadian, unless otherwise noted. Vancouver, British Columbia--(Newsfile Corp. - July 29, 2024) - Element 29 Resources Inc. (TSXV: ECU) (OTCQB: EMTRF) (BVL: ECU) ("Element 29" or the "Company") announces that it intends to complete a non-brokered...
Element 29 Announces 2024 AGM Results
Vancouver, British Columbia--(Newsfile Corp. - June 27, 2024) - Element 29 Resources Inc. (TSXV: ECU) (OTCQB: EMTRF) (BVL: ECU) ("Element 29" or the "Company") is pleased to announce the results of voting at its annual general meeting of shareholders which...
Element 29 Announces New Board Nominees
Vancouver, British Columbia--(Newsfile Corp. - June 3, 2024) - Element 29 Resources Inc. (TSXV: ECU) (OTCQB: EMTRF) (BVL: ECU) ("Element 29" or the "Company") announces the upcoming retirement of Mr. Robert Willis and welcomes Mr.
Element 29 Announces Appointment of Stellium Service Ltd as Investor Relations Consultant
Vancouver, British Columbia--(Newsfile Corp. - April 15, 2024) - Element 29 Resources Inc. (TSXV: ECU) (OTCQB: EMTRF) (BVL: ECU) ("Element 29" or the "Company") is pleased to announce that, subject to regulatory approval, it has retained the services of Stellium...
Element 29 Receives Environmental Permit for Flor de Cobre Copper Project and Announces Partnership with GlobeTrotters on Exploration Activities
Vancouver, British Columbia--(Newsfile Corp. - March 1, 2024) - Element 29 Resources Inc. (TSXV: ECU) (OTCQB: EMTRF) (BVL: ECU) ("Element 29" or the "Company") is pleased to announce that it has received environmental permit approval for exploration drilling at its...
Element 29 Announces Appointment of Manuel Montoya as Chief Technical Officer
Vancouver, British Columbia--(Newsfile Corp. - February 29, 2024) - Element 29 Resources Inc. (TSXV: ECU) (OTCQB: EMTRF) (BVL: ECU) ("Element 29" or the "Company") is pleased to announce the appointment of Manuel Montoya as the Company's Chief Technical Officer. Richard...
Element 29 Resources Announces Director and Officer Changes
Vancouver, British Columbia--(Newsfile Corp. - February 26, 2024) - Element 29 Resources Inc. (TSXV: ECU) (OTCQB: EMTRF) (BVL: ECU) ("Element 29" or the "Company") announces today the following officer and director resignations: Steve Stakiw, as President, Chief Executive Officer and...
Element 29 Resources Closes Private Placement of $2.86 Million
Vancouver, British Columbia--(Newsfile Corp. - September 13, 2023) - Element 29 Resources Inc. (TSXV: ECU) (OTCQB: EMTRF) (BVL: ECU) ("Element 29" or the "Company") announces it has closed its non-brokered private placement financing of 19,045,253 units (the "Units") at a...
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