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Tower Resources
(TWR)
Tower Resources (TWR) vs. iShares MSCI Canada ETF (EWC)
Tower Resources Business Overview & Revenue Model
Tower Resources Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -165.00 | 0.00 | -241.00 | -302.00 | -378.00 | -472.00 |
| EBITDA | -545.55K | -506.72K | -550.18K | -746.16K | -388.38K | -439.99K |
| Net Income | -496.75K | -411.62K | -259.94K | -352.73K | -78.21K | -440.46K |
Balance Sheet | ||||||
| Total Assets | 9.93M | 9.58M | 8.78M | 8.12M | 7.12M | 5.21M |
| Cash, Cash Equivalents and Short-Term Investments | 610.82K | 693.86K | 734.68K | 1.38M | 1.75M | 322.75K |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 136.76K | 403.50K | 282.46K | 434.63K | 509.29K | 194.62K |
| Stockholders Equity | 9.79M | 9.17M | 8.50M | 7.68M | 6.62M | 5.02M |
Cash Flow | ||||||
| Free Cash Flow | -1.33M | -1.11M | -1.82M | -1.29M | -1.23M | -1.03M |
| Operating Cash Flow | -375.73K | -320.81K | -328.47K | -245.95K | -234.68K | -286.41K |
| Investing Cash Flow | -884.66K | -750.94K | -1.43M | -1.01M | -539.50K | -69.03K |
| Financing Cash Flow | 947.50K | 1.02M | 1.11M | 915.16K | 2.21M | 509.20K |
Tower Resources Technical Analysis
Tower Resources Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
52 Neutral | C$34.50M | -26.92 | -494.44% | ― | ― | -18.18% | |
48 Neutral | C$45.13M | -1.33 | -38.09% | ― | -19.56% | -394.65% | |
48 Neutral | C$29.38M | -23.39 | -178.94% | ― | ― | 13.89% | |
46 Neutral | C$37.87M | -74.19 | -5.22% | ― | ― | -24.00% | |
42 Neutral | C$30.62M | -3.64 | -198.13% | ― | ― | ― | |
39 Underperform | C$42.48M | -2.59 | -122.87% | ― | ― | -692.49% |
Tower Resources Corporate Events
Tower Resources has entered into two new agreements aimed at strengthening its presence in the capital markets, appointing ICP Securities Inc. as its sole market maker and Insight Capital Partners Inc. as its capital markets consultant, both subject to TSX Venture Exchange approval. ICP Securities will provide automated market-making services to support an orderly market and improve liquidity for Tower’s shares, while Insight will focus solely on advisory work, with both four‑month agreements renewable monthly, paid in cash only and without share-based or performance-linked compensation, underscoring a conservative approach to capital markets engagement and potential benefits for trading liquidity and investor visibility.
Tower Resources has completed an expanded 3,213-metre diamond drilling program at its Rabbit North project in British Columbia’s Kamloops mining district, targeting the high-grade Blue Sky gold trend and the Thunder North gold zone. Six holes were drilled on Blue Sky to refine understanding of gold mineralization along the Durand diorite–Nicola tuff contact and to follow up on previous high-grade intersections and a strong till gold grain anomaly, while five holes at Thunder North aimed to test structural continuity with the nearby Thunder Zone, extend mineralization at depth and along strike, and close data gaps created by earlier dyke intersections. With most of the core expected to be assayed before drilling resumes in February, the campaign is designed to delineate the scale and continuity of a younger, orogenic gold system that differs from the district’s typical porphyry-style deposits, potentially enhancing Rabbit North’s strategic importance and value for stakeholders if significant gold continuity is confirmed.
Tower Resources has reported significant progress in its drilling operations at the Rabbit North property, completing six holes at the Blue Sky site ahead of schedule. The company plans to move next to the Thunder North site, with the drilling program being ahead of schedule and under budget, potentially allowing for additional exploratory drilling before the holiday break.
Tower Resources Ltd. has initiated a significant 3000-meter diamond drilling program to expand its high-grade Thunder North and Blue Sky gold zones at the Rabbit North property in the Kamloops mining district. This expansion aims to extend the mineralized zones further east and to greater depths, potentially increasing the company’s resource base and enhancing its position in the mining industry. If successful, the program may extend to 5000 meters, indicating a strong potential for further discoveries and increased stakeholder value.
Tower Resources Ltd. has announced the expansion of its Rabbit North gold system by 1000 meters eastward across the Durand Stock, effectively doubling its footprint to 1.5 km². This expansion is marked by significant gold grain anomalies, including a notable 1001-grain anomaly, suggesting the presence of high-grade gold sources. The findings indicate potential for further growth and underscore the strategic importance of the Blue Sky gold trend, enhancing Tower’s positioning in the mining sector and offering promising implications for stakeholders.
Tower Resources Ltd. has successfully closed the final tranche of its non-brokered flow-through private placement, raising a total of $2,157,000. The proceeds will primarily fund a 3000-meter diamond drilling program at the Rabbit North property, enhancing the company’s exploration efforts in British Columbia. The issuance of 8,628,000 common shares at $0.25 each, along with the payment of finder’s fees and compensation warrants, signifies a strategic move to bolster Tower’s exploration capabilities and strengthen its position in the mineral exploration industry.
Tower Resources Ltd. has announced an increase in its non-brokered flow-through private placement, aiming to raise up to $2,157,000. The proceeds will primarily fund a 3000-meter diamond drilling program on the Rabbit North property. This strategic move is expected to bolster Tower’s exploration efforts in British Columbia, potentially enhancing its market position and offering promising opportunities for stakeholders.
Tower Resources Ltd. has announced the closing of the first tranche of its non-brokered flow-through private placement, raising $600,000 through the issuance of 2,400,000 common shares. The proceeds are earmarked for Canadian Exploration Expenses, specifically for a diamond drilling program on the Rabbit North property, which could enhance the company’s exploration capabilities and market positioning in the mining sector.
Tower Resources Ltd. announced a $2,000,000 non-brokered flow-through private placement to fund a diamond drilling program on its Rabbit North property. This initiative aims to confirm and expand the gold resources in the Blue Sky and Thunder North zones, potentially enhancing the company’s position in the mineral exploration industry. The drilling will also explore new targets identified by a recent gold-grain survey, underscoring the potential of the Rabbit North site as a significant orogenic gold system.