PTX Metals Balance Sheet Health

Financial Health criteria checks 5/6

PTX Metals has a total shareholder equity of CA$8.1M and total debt of CA$258.6K, which brings its debt-to-equity ratio to 3.2%. Its total assets and total liabilities are CA$8.9M and CA$790.9K respectively.

Key information

3.2%

Debt to equity ratio

CA$258.63k

Debt

Interest coverage ratio	n/a
Cash	CA$594.16k
Equity	CA$8.10m
Total liabilities	CA$790.85k
Total assets	CA$8.89m

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: 9PX's short term assets (CA$973.9K) exceed its short term liabilities (CA$790.9K).

Long Term Liabilities: 9PX has no long term liabilities.

Debt to Equity History and Analysis

Debt Level: 9PX has more cash than its total debt.

Reducing Debt: 9PX's debt to equity ratio has increased from 0% to 3.2% over the 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: 9PX has sufficient cash runway for 2 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: 9PX is forecast to have sufficient cash runway for 1 months based on free cash flow estimates, but has since raised additional capital.

PTX Metals Balance Sheet Health

Financial Health criteria checks 5/6

Key information

Recent financial health updates

Recent updates

PTX Metals Inc. announced that it expects to receive CAD 2.248 million in funding

PTX Metals Inc. Receives Non-Dilutive Grant Funding from the Government of Ontario 's Ontario Junior Exploration Program for Its 100% Owned W2 Cu Ni PGE Au Project

PTX Metals Inc. Receives Non-Dilutive Grant Funding from the Government of Ontario 's Ontario Junior Exploration Program for Its 100% Owned W2 Cu Ni PGE Au Project

PTX Metals Inc. Receives Non-Dilutive Grant Funding from the Government of Ontario 's Ontario Junior Exploration Program for Its 100% Owned W2 Cu Ni PGE Au Project

New major risk - Financial data availability

PTX Metals Inc. Announces Board Changes

Ptx Metals Inc. Provides the Results of A Technical Report Relating the Exploration Target Model Establishing the Exploration Target Model Estimate for the 100% Owned W2 Cu-Ni-Pge Project in Ontario

New major risk - Financial position

PTX Metals Inc. Announces Board Changes

PTX Metals Inc. Announces Additional Wide Zones of Near Surface Copper Nickel Pge Mineralization At W2 Project

PTX Metals Inc. Announces Successful Near Surface Drill Results from W2 Cu-Ni-PGE Project Which Significantly Expanded the Mineralized Trend Outside the W2 Deposit

PTX Metals Inc. Provides an Update on Recent Corporate and Project Activities Related to W2 Cu Ni Pge Project Located in the Ring of Fire Region of Northwestern Ontario, and the South Timmins Joint Venture Gold Projects

High number of new directors

PTX Metals Inc. announced that it has received CAD 0.86 million in funding

PTX Metals Inc. Commences Spring 2024 Exploration Programs At South Timmins Gold Projects

PTX Metals Inc. announced that it expects to receive CAD 1.05 million in funding

PTX Metals Inc. Announces Update on W2 Copper-Nickel-Pge Project and Drill Program in Northwestern Ontario

PTX Metals Inc. Appoints Jean David Moore to the Board and Felix Lee as Lead Director

Platinex Inc. Announces Results from the First Phase of Diamond Drilling on the Heenan Property

Platinex Inc. Confirms Tantalum Discovery At Muskrat Dam Critical Minerals Project, NW Ontario

Platinex Inc. Appoints Rajesh Sharma to the Board of Directors

Platinex Consolidates W2 Copper-Nickel-PGE Project Acquiring Historical Resource

Platinex Inc. announced that it has received CAD 1.972 million in funding

Platinex Inc. Completes Geological Compilation and 3D Modelling Program on W2 Copper-Nickel-PGE Project in Northern Ontario

Platinex Inc. announced that it expects to receive CAD 1 million in funding

Platinex Inc. announced that it expects to receive CAD 1 million in funding

Platinex Inc. Makes New Gold Discovery at Heenan Property in the Swayze Area of the Abitibi Greenstone Belt

Platinex Inc., Annual General Meeting, Jan 16, 2024

Platinex Inc. Provides an Update on Exploration Activities at the Mallard Gold and Heenan Gold Projects Located in Northeastern Ontario

Platinex Inc. announced that it has received CAD 0.5 million in funding

Platinex Inc. Provides Update on Projects Including Completion of Exploration at Muskrat Dam Critical Minerals Project

Platinex Inc. Launches Exploration Programs for the South Timmins Mining Joint Venture

Platinex Receives Exploration Permits for W2 Copper-Nickel-PGE Project

Platinex Inc Provides Update on its Shining Tree Gold Property in the Timmins, Ontario Mining Camp

Platinex Inc. announced that it expects to receive CAD 2.5 million in funding from Fancamp Exploration Ltd. and other investors

Platinex Inc. Announces Additional Information Muskrat Dam Critical Minerals Project

Platinex Provides Update on Exploration Activities At Its Shining Tree Gold Project

High number of new and inexperienced directors

Platinex Inc. Commences Exploration At Shining Tree Gold Project

Platinex Inc. Forms A W2 Advisory Board

Platinex Inc., Annual General Meeting, Jul 13, 2022

Platinex Inc. announced that it has received CAD 1.929 million in funding

Less than half of directors are independent

Platinex Inc. Announces Acquisition of Mining Claims At Shining Tree Gold Project

Platinex Inc. Announces Further Results from Its Gold in Till Exploration on Its Shining Tree Property Including Geochemical Analyses for Gold and a Multi-Element Package

Platinex Inc. (CNSX:PTX) acquired additional mining claims in Shining Tree from Trillium Mining Corp. for CAD 0.2 million.

Independent Director has left the company

Platinex Inc. Commences Drilling Program and Other Exploration Activities on the Shining Tree Gold Project, Ontario

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

Cash Runway Analysis

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