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We are a technology-driven United States minerals exploration and development company with a focus on copper and other critical metals vital to electric transmission and generation, manufacturing, infrastructure development, technology, and national security. We operate exploration joint ventures and alliances in Saudi Arabia, Chile and the United States.
The business is unprofitable at the operating level (-3500.96% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue up 11.8% YoY with margins expanding 2598.7pp.
Negative free cash flow of -$90M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$3M
▲ +11.8% YoY
Net Income (TTM)
-$34M
▲ +17.7% YoY
Op. Margin
302.61%
▲ +2598.7pp YoY
ROIC
2.01%
▲ +13.7pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$108M
▲ +45.2% YoY
Op. Cash Flow (TTM)
-$106M
▲ +45.0% YoY
Net Debt
-$289M
Net Cash Position
Cash & Equiv.
$290M
3Y CAGR: -27.3%
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