Breakdown | ||||
Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 |
---|---|---|---|---|
Income Statement | Total Revenue | |||
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | Gross Profit |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | EBIT |
-2.95M | -1.94M | -485.05K | -91.53K | -390.00 | EBITDA |
-5.38M | -1.93M | -2.59M | -91.53K | -390.00 | Net Income Common Stockholders |
-5.38M | -1.95M | -2.59M | -91.63K | -466.00 |
Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
4.30K | 75.12K | 444.92K | 156.41K | 18.35K | Total Assets |
50.56K | 2.58M | 2.50M | 158.97K | 18.35K | Total Debt |
0.00 | 0.00 | 26.22K | 0.00 | 0.00 | Net Debt |
-4.30K | -75.12K | -418.69K | -156.41K | -18.35K | Total Liabilities |
331.49K | 662.35K | 204.04K | 253.75K | 23.50K | Stockholders Equity |
-280.92K | 1.91M | 2.29M | -94.78K | -5.15K |
Cash Flow | Free Cash Flow | |||
-1.97M | -885.90K | -1.36M | -35.90K | -80.00 | Operating Cash Flow |
-1.97M | -885.90K | -1.36M | -35.90K | -80.00 | Investing Cash Flow |
-22.96K | -264.40K | -465.13K | 0.00 | 0.00 | Financing Cash Flow |
1.92M | 780.50K | 2.11M | 173.96K | 1.75K |
POWR Lithium Corp announced the successful closing of a non-brokered private placement, raising gross proceeds of $204,500 through the issuance of 4,090,000 units. Each unit includes a common share and a share purchase warrant, exercisable until April 2029. The funds are intended for general working capital, with the possibility of reallocation for business reasons. This financial move is expected to support the company’s operational capabilities and strategic positioning in the lithium exploration and development sector.
Spark’s Take on TSE:POWR Stock
According to Spark, TipRanks’ AI Analyst, TSE:POWR is a Underperform.
Clear Sky Lithium Corp’s overall stock score is driven down by its severe financial instability, characterized by a lack of revenue, negative equity, and persistent cash flow issues. While technical indicators show short-term bullish signals, the company’s valuation is unattractive due to ongoing losses. Investors should exercise caution, as the financial health is the most significant concern.
To see Spark’s full report on TSE:POWR stock, click here.
POWR Lithium Corp has announced an extension for the closing of its $0.05 unit non-brokered private placement, with the new completion date set before May 5, 2025. This extension, granted by the Canadian Securities Exchange, is intended to support the company’s ongoing efforts to secure financing for its projects, potentially impacting its operational capabilities and market positioning.