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Magna Terra Minerals Inc
(MTT)
Magna Terra Minerals Inc (MTT) vs. S&P 500 (SPY)
Magna Terra Minerals Inc Business Overview & Revenue Model
Magna Terra Minerals Inc Financial Statement Overview
| Breakdown | |||||
| TTM | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | |||||
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBIT | |||||
| -639.09K | -967.26K | -1.09M | -1.57M | -923.97K | -335.92K |
| EBITDA | |||||
| -1.18M | 0.00 | -1.08M | -1.57M | -2.97M | -40.72K |
| Net Income Common Stockholders | |||||
| 446.76K | 557.82K | -968.59K | -1.50M | -268.19K | -40.72K |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 653.54K | 783.65K | 89.37K | 163.40K | 219.83K | 3.81M |
| Total Assets | |||||
| 791.47K | 903.09K | 180.63K | 698.68K | 9.87M | 10.58M |
| Total Debt | |||||
| 16.68K | 0.00 | 0.00 | 0.00 | 319.07K | 27.64K |
| Net Debt | |||||
| -81.48K | -44.22K | -73.37K | -107.90K | 224.12K | -3.60M |
| Total Liabilities | |||||
| 761.83K | 599.59K | 889.83K | 658.00K | 823.95K | 1.85M |
| Stockholders Equity | |||||
| 29.63K | 303.51K | -709.20K | 40.69K | 9.04M | 8.73M |
| Cash Flow | Free Cash Flow | ||||
| 32.69K | -339.49K | -425.18K | 608.11K | -3.53M | -899.26K |
| Operating Cash Flow | |||||
| 32.69K | -339.49K | -425.18K | -1.60M | -1.32M | -45.53K |
| Investing Cash Flow | |||||
| 14.82K | 17.10K | 409.94K | -342.23K | -2.21M | -839.31K |
| Financing Cash Flow | |||||
| -22.14K | 293.24K | -19.29K | 1.95M | 0.00 | 4.51M |
Magna Terra Minerals Inc Technical Analysis
Magna Terra Minerals Inc Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | C$3.02B | 19.51 | 26.82% | ― | 77.93% | 236.93% | |
53 Neutral | C$5.95M | 12.04 | ― | ― | ― | ||
48 Neutral | $1.92B | -1.99 | -22.85% | 3.95% | 0.94% | -27.31% | |
44 Neutral | C$361.23M | ― | -109.44% | ― | ― | 10.27% | |
30 Underperform | C$60.83M | ― | -7.12% | ― | ― | -9.60% |
Magna Terra Minerals Inc Corporate Events
Magna Terra Minerals Inc. has expanded its Rocky Brook Project in the Bathurst Mining Camp of northern New Brunswick by acquiring additional claims adjacent to the Caribou Mine and Mill Property. This expansion strengthens Magna Terra’s position as a major landholder in the area, enhancing its exploration potential for high-grade gold and polymetallic mineralization. The acquisition, which incurs no additional cost, aligns with the company’s strategy to increase its exposure to critical and precious metals exploration. The move is expected to benefit stakeholders by potentially increasing the value and optionality of the company’s exploration assets.
Magna Terra Minerals Inc. announced a decrease in its ownership stake in Gold Hunter Resources Inc. following Gold Hunter’s recent private placement. The company’s interest fell from 11.66% to 7.89%, removing the requirement for early warning reporting. This change results from Gold Hunter’s issuance of new shares, and Magna Terra’s decision not to participate in the placement. The company held these shares as part of an option agreement and may adjust its holdings based on market conditions and agreement terms.
Magna Terra Minerals Inc. announced the successful passing of all resolutions at its annual and special meeting, including the election of directors and the reappointment of auditors. The company also ratified its stock option plan and granted 1,850,000 stock options to officers, directors, and consultants. These developments are expected to strengthen the company’s governance and incentivize key personnel, potentially enhancing its exploration efforts and market positioning.
Magna Terra Minerals Inc. has expanded its Rocky Brook Project by acquiring the Restigouche Property, adding significant exploration potential to its holdings in the Bathurst Mining Camp. This strategic acquisition increases the company’s land package to 17,104 hectares, positioning Magna Terra as a major landholder in the area. The Restigouche Property is notable for its proximity to significant deposits and its potential for high-grade precious metals exploration. This move aligns with Magna Terra’s strategy to enhance its portfolio and provide value to shareholders, amid renewed interest in the region’s mining prospects.
Magna Terra Minerals Inc. has successfully completed its second and final closing of a non-brokered flow-through private placement, securing total gross proceeds of $500,000. This funding will be allocated to Canadian exploration expenses related to the company’s mineral exploration projects, specifically the Humber and Rocky Brook Projects. Notably, company insiders participated in the offering, showing significant investment in the company’s future prospects.
Magna Terra Minerals Inc. has updated its flow-through private placement offering, aiming to raise up to $500,000 through the issuance of premium flow-through and regular flow-through common shares. The funds will be used for exploration expenses at the Humber and Rocky Brook projects in Canada. The offering, which involves insider participation, is subject to regulatory approval and aims to strengthen the company’s exploration efforts in critical mineral mining.
Magna Terra Minerals Inc. announced an update to its flow-through private placement, targeting $500,000 in gross proceeds to fund exploration expenses in its Canadian mineral projects. The issuance involves premium flow-through and regular flow-through shares, with insiders participating under certain regulatory exemptions, and is subject to TSX Venture Exchange approval.
Magna Terra Minerals Inc. announced the initial closing of its flow-through private placement, raising $227,000 of the anticipated $500,000. The funds will be used for exploration expenses related to its Humber and Rocky Brook projects. Insider Michael Gentile increased his holdings through this placement, which is considered a related party transaction but is exempt from certain regulatory requirements. The company plans a second closing and awaits TSX Venture Exchange approval.
Magna Terra Minerals Inc. announced an upsizing of its flow-through private placement, now aiming to raise up to $500,000 through the issuance of premium flow-through and flow-through common shares. The funds will be allocated to Canadian exploration expenses for projects such as the recently acquired Humber Project in Newfoundland and the Rocky Brook Project in New Brunswick. The participation of an insider in the offering qualifies as a related party transaction, but the company is utilizing exemptions from certain regulatory requirements. The offering is pending approval by the TSX Venture Exchange and may involve payment of finder’s fees.
Magna Terra Minerals Inc. announced a non-brokered premium flow-through private placement aiming to raise $450,000, subject to regulatory approvals. The proceeds will fund exploration expenses for its projects in Newfoundland and New Brunswick, with major shareholder Michael Gentile participating in the offering. This initiative underscores Magna Terra’s commitment to advancing its mineral exploration projects and strengthening its operational foothold in critical mining regions.
In 2024, Magna Terra Minerals Inc. achieved significant milestones, including new gold trend discoveries, major partnership developments, and strategic acquisitions, positioning the company for growth without the need for significant financing. Looking ahead to 2025, the company anticipates further exploration advancements and financial inflows from project option agreements, enhancing its operational and financial standing.