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Millennial Precious Metals Balance Sheet Health

Financial Health criteria checks 4/6

Millennial Precious Metals has a total shareholder equity of CA$4.5M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$6.5M and CA$2.0M respectively.

Key information

Debt to equity ratio

CA$0

Debt

Interest coverage ratio	n/a
Cash	CA$4.87m
Equity	CA$4.53m
Total liabilities	CA$1.96m
Total assets	CA$6.49m

Recent financial health updates

Here's Why We're A Bit Worried About Millennial Precious Metals' (CVE:MPM) Cash Burn Situation

Oct 28

Recent updates

Here's Why We're A Bit Worried About Millennial Precious Metals' (CVE:MPM) Cash Burn Situation

Oct 28

Financial Position Analysis

Short Term Liabilities: MPM's short term assets (CA$5.3M) exceed its short term liabilities (CA$1.2M).

Long Term Liabilities: MPM's short term assets (CA$5.3M) exceed its long term liabilities (CA$751.1K).

Debt to Equity History and Analysis

Debt Level: MPM is debt free.

Reducing Debt: MPM has not had any debt for past 5 years.

Balance Sheet

Cash Runway Analysis

For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: MPM has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: MPM has less than a year of cash runway if free cash flow continues to reduce at historical rates of 58.3% each year

This company has been acquired

Millennial Precious Metals Balance Sheet Health

Financial Health criteria checks 4/6

Key information

Recent financial health updates

Millennial Precious Metals's to Delist from TSX-V on or About May 05 Market Close

Here's Why We're A Bit Worried About Millennial Precious Metals' (CVE:MPM) Cash Burn Situation

Recent updates

Millennial Precious Metals's to Delist from TSX-V on or About May 05 Market Close

Integra Resources Corp. (TSXV:ITR) completed the acquisition of Millennial Precious Metals Corp. (TSXV:MPM) for $33.3 million.

Price target increased by 29% to CA$1.05

Millennial Precious Metals Submits Exploration Plan of Operations for Mountain View Project Located in Nevada, USA

Millennial Precious Metals Corp. Announces Positive Metallurgical Results from Ongoing Studies Designed to Determine the Processing Characteristics of the Mountain View Project Located in Nevada, USA

Millennial Precious Metals Corp. Submits Exploration Plan of Operations for Wildcat Project

Millennial Precious Metals Corp. Extends Oxide Mineralization 150M East of Proposed Pit At Wildcat Project

Millennial Precious Metals Corp. Discovers Additional Vent Systems and Significantly Expands Mineralized Footprint At Wildcat Project

Price target decreased to CA$0.81

High number of new and inexperienced directors

Here's Why We're A Bit Worried About Millennial Precious Metals' (CVE:MPM) Cash Burn Situation

Millennial Intersects 1.26 g/t Oxide Au Over 39.2m and 0.93 g/t Oxide Au Over 41.4m at Wildcat Project

Price target decreased to CA$1.10

Millennial Precious Metals Corp. has completed a Composite Units Offering in the amount of CAD 15 million.

Millennial Precious Metals Corp., Annual General Meeting, Jun 24, 2022

Millennial Precious Metals Corp. Provides Final Assay Results from the Recently Completed Resource Conversion and Exploration Drill Program Conducted At Its Mountain View Project Located in Nevada, USA

Millennial Precious Metals Corp. Commences Phase 1 Drilling At Its Wildcat Project

High number of new and inexperienced directors

Millennial Precious Metals Corp. Provides an Exploration Update for Wildcat and Mountain View

Millennial Precious Metals Corp Intersects 0.46 G/T Au over 189.0M, Including 1.35 G/T Oxide Au over 33.5M At Mountain View Project

Millennial Precious Metals Corp. Provides Results from the Ongoing Resource Conversion and Exploration Drill Program Currently Being Conducted At Its Mountain View Project Located in Nevada, USA

High number of new and inexperienced directors

Millennial Precious Metals Corp. (TSXV:MPM) entered into a definitive purchase agreement to acquire the remaining 51% stake in the Ocelot property located in Lander Country, Nevada from two individuals for $0.19 million.

Millennial Precious Metals Corp. Intercepts 22.8 g/t Au over 30m Oxide Including 5.05 g/t Au over 18m from Their Red Canyon Gold Project

Millennial Intercepts from Surface 4.54 G/T Au over 54M Oxide Including 9.18 G/T Au over 22M from the Red Canyon Gold Project

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

Cash Runway Analysis

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