Element 29 Resources Balance Sheet Health

Financial Health criteria checks 6/6

Element 29 Resources has a total shareholder equity of CA$10.1M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$10.2M and CA$127.2K respectively.

Key information

Debt to equity ratio

CA$0

Debt

Interest coverage ratio	n/a
Cash	CA$120.51k
Equity	CA$10.08m
Total liabilities	CA$127.19k
Total assets	CA$10.21m

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: EMTR.F's short term assets (CA$329.7K) exceed its short term liabilities (CA$127.2K).

Long Term Liabilities: EMTR.F has no long term liabilities.

Debt to Equity History and Analysis

Debt Level: EMTR.F is debt free.

Reducing Debt: EMTR.F had no debt 5 years ago.

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: EMTR.F has sufficient cash runway for 1 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: EMTR.F is forecast to have sufficient cash runway for 0 months based on free cash flow estimates, but has since raised additional capital.

Element 29 Resources Balance Sheet Health

Financial Health criteria checks 6/6

Key information

Recent financial health updates

Recent updates

Element 29 Resources Inc. announced that it has received CAD 3.264746 million in funding

Element 29 Resources Inc. announced that it expects to receive CAD 3 million in funding

Element 29 Resources Inc. Announces Chief Executive Officer Changes

Element 29 Resources Inc. announced that it has received CAD 2.856788 million in funding

Element 29 Resources Inc. announced that it expects to receive CAD 2 million in funding

Element 29 Resources Inc., Annual General Meeting, Sep 07, 2023

Element 29 Resources Inc. announced that it expects to receive CAD 2 million in funding

Element 29 Resources Inc. announced that it expects to receive CAD 1.25 million in funding

Element 29 Resources Inc. Commences Phase 2 Drill Program At the Elida Copper Deposit in Peru

Element 29 Resources Inc. Announces Completion of Initial Independent Inferred Mineral Resource Estimate At Elida Porphyry Copper-Molybdenum Deposit in West-Central Peru

Element 29 Resources Inc. Releases Final Results from Flor De Cobre Drill Program Including 329.4 Metres of 0.56% Cu in Hole Fdc011

Element 29 Resources Inc. Completes Validation of Flor De Cobre Historical Drilling and Will Proceed with Mineral Resource Estimation

Element 29 Resources Inc., Annual General Meeting, Jun 29, 2022

Element 29 Resources Inc. Announces Results from Its Two Initial Drill Holes of the 4,000 Metre, Eleven-Hole Drill Program at the Flor De Cobre Copper Project Located in Southern Perú

Element 29 Resources Inc. Appoints Steve Stakiw as President and A Director, the Appointment Is Effective April 11, 2022

Element 29 Resources Inc. Commences Drilling At Its Flor De Cobre Copper Project, Perú

Element 29 Resources Inc. Announces Results from the Last Three Drill Holes of the Seven-Hole, 4,500 Metre ("M") Drilling Program Completed in December 2021 At Its 100% Owned Elida Copper Project Located in Central Perú

Element 29 Resources Inc. announced that it has received CAD 6.8988 million in funding

Element 29 Resources Inc. Commences Drilling At Its Elida Copper Project

Element 29 Resources Inc. Receives Drill Permits and Commences 2021 Exploration Program at the Elida Copper Project, Peru

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

Cash Runway Analysis

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