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Linear Minerals
(LINE)
Linear Minerals (LINE) vs. iShares MSCI Canada ETF (EWC)
Linear Minerals Business Overview & Revenue Model
Linear Minerals Financial Statement Overview
| Breakdown | TTM | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -365.00 | -485.00 | -121.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -2.83M | -4.86M | -5.75M | -3.93M | -2.13M | -393.78K |
| Net Income | -3.51M | -6.64M | -5.75M | -4.69M | -2.46M | -447.63K |
Balance Sheet | ||||||
| Total Assets | 8.99M | 9.30M | 13.01M | 6.90M | 3.18M | 372.28K |
| Cash, Cash Equivalents and Short-Term Investments | 1.95M | 1.89M | 4.40M | 111.49K | 2.16M | 223.24K |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 740.77K | 651.03K | 3.51M | 428.93K | 704.33K | 225.98K |
| Stockholders Equity | 8.25M | 8.65M | 9.50M | 6.47M | 2.48M | 146.30K |
Cash Flow | ||||||
| Free Cash Flow | -2.03M | -4.16M | -3.57M | -5.18M | -1.41M | -318.60K |
| Operating Cash Flow | -2.03M | -4.11M | -3.06M | -4.50M | -1.19M | -318.60K |
| Investing Cash Flow | 0.00 | -52.50K | 205.45K | -675.00K | -220.17K | 0.00 |
| Financing Cash Flow | 1.43M | 2.20M | 6.40M | 3.13M | 3.35M | 325.00K |
Linear Minerals Technical Analysis
Linear Minerals Peers Comparison
Linear Minerals Corporate Events
Linear Minerals Corp. has successfully closed the first tranche of its non-brokered private placement, raising $150,000 through the issuance of 3,000,000 flow-through common shares and an additional $150,000 from 3,000,000 hard-dollar units. The funds raised will be allocated towards general working capital and further exploration efforts on the company’s properties in Quebec. The completion of the private placement is contingent upon receiving necessary approvals, and all securities issued will be subject to a statutory hold period.
Linear Minerals Corp. has announced a non-brokered private placement to raise up to $900,000. The funds will be used for general working capital and further exploration of its Quebec properties. The placement involves issuing flow-through common shares and hard-dollar common units, with a portion of the proceeds allocated to eligible finders as a fee. This initiative is expected to support the company’s operational needs and exploration activities, potentially enhancing its market positioning in the mining sector.
Linear Minerals Corp. has completed its plan of arrangement with Westlinear Minerals Corp., resulting in the distribution of Westlinear shares to Linear shareholders and the transfer of the Pontax West Lithium Property to Westlinear. Linear retains its working capital and continues trading under its existing symbol. Additionally, Linear has initiated a three-month European advertising and investor awareness campaign with Aktiencheck.de AG to enhance its market presence.
Linear Minerals Corp. has announced key dates for its Plan of Arrangement with Westlinear Minerals Corp., including a share distribution record date of November 25, 2025, and a share issuance date of November 28, 2025. This arrangement will see Linear shareholders receive one share of Westlinear for every ten shares of Linear, and will transfer the Pontax West Lithium Property to Westlinear. The move, approved by shareholders and the Supreme Court of British Columbia, positions Westlinear as a new reporting issuer in Canada, potentially enhancing its market presence, though there is no assurance of future stock exchange listing.
Linear Minerals Corp. announced the results of its initial exploration program at the Lac Marion Property in Québec, revealing significant findings in uranium and rare earth elements. The exploration uncovered uranium assays with values up to 0.463% U₃O₈ and REE values reaching 1,364 ppm, with notable concentrations of other elements like P₂O₅, rubidium, molybdenum, and lead. These results highlight the potential of the Lac Marion Property to enhance Linear Minerals’ position in the mining sector, offering promising opportunities for stakeholders and future exploration endeavors.
Linear Minerals Corp. has received approval from the Supreme Court of British Columbia for its Plan of Arrangement to spin out its Pontax West Lithium Property into a new subsidiary, Westlinear Minerals Corp. This strategic move allows shareholders to own shares in both Linear Minerals and the new entity, Spinco, which will focus on the lithium property. The arrangement aims to enhance the company’s focus on its other mineral properties while providing a dedicated platform for the development of the Pontax West Lithium Property. The completion of this arrangement is pending acceptance by the Canadian Securities Exchange, and it is expected to have significant implications for the company’s operational focus and shareholder value.
Linear Minerals Corp. announced promising results from its initial exploration at the Lac Coulombe Property in Quebec, revealing copper values as high as 21.10% in surface samples. The company also reported anomalous gold and silver values, and significant nickel findings. With the receipt of an ATI permit, Linear plans to conduct further exploration, including trenching and drilling, to assess the high-grade copper showings and the property’s hydrogen potential. This development positions Linear Minerals strategically within the mining industry, potentially enhancing its market presence and offering promising opportunities for stakeholders.
Linear Minerals Corp. announced that its shareholders have approved all matters at the recent annual general and special meeting, including the re-election of board members and the appointment of auditors. A significant development is the approval of a Plan of Arrangement to spin out the Pontax West Lithium Property into a new subsidiary, Westlinear Minerals Corp. Shareholders will receive shares in the new entity, which will focus on the lithium property, while Linear Minerals will continue to manage its other mineral assets. This move positions the company to potentially enhance its market focus and operational efficiency by creating two distinct public entities, subject to court and regulatory approvals.