Solis Minerals Ltd DRC

  • IPO date:
  • Sector: Basic Materials
  • GIC Group: Materials
  • Industry: Copper
  • Company website

Company description

Solis Minerals Ltd. acquires, explores for, and develops mineral properties. The company primarily explores for copper, gold, silver, lithium, and iron oxide. It owns a 100% interest in the Ilo Norte and Ilo Este copper properties that covers an area of approximately 10,900 hectares; and the Cinto Copper Project consisting of seven exploration concessions totalling 3,000 hectares located in Southern Peru. The company also holds a 100% interest in the Borborema Lithium Project that covers an area of 25,600 hectares located in Northeastern Brazil. The company was formerly known as Westminster Resources Ltd. and changed its name to Solis Minerals Ltd. in July 2021. Solis Minerals Ltd. was incorporated in 2005 and is headquartered in Vancouver, Canada.

Financial highlights

Market Capitalization$6.638 million
P/E Ratio
P/E Growth Ratio
Book Value
Dividend Per Share
Earnings Per Share-0.0489
EBITDA
Profit Margin0
Operating Margin TTM0
Return on Assets TTM0
Return on Equity TTM-43.9322
Revenue TTM0

Income statement highlights

All numbers are in thousands

Date Total Revenue Cost of Revenue Gross Profit Total Operating Expenses
2019-05-31 4.559 -4.559 919.287
2020-05-31 0 155.896 -155.896 422.013
2021-05-31 0 142.362 -142.362 782.635
2022-05-31 0 1.941 -1.941 2,129.284
2023-05-31 0

Balance sheet highlights

All numbers are in thousands

Date Cash Total Assets Total Liabilities Short Term Debt Long Term Debt Common Stock
2019-05-31 9.719 3,369.718 1,046.001 22,506.606
2020-05-31 10.047 3,507.616 1,676.264 292.805 22,505.856
2021-05-31 2,548.807 6,160.188 536.192 51.016 26,161.373
2022-05-31 3,570.301 7,102.005 976.162 0 29,025.555
2023-05-31 113.04 5,217.43 553.02 0 29,025.56

Cash flow highlights

All numbers are in thousands

Date Net Income Total Cash Change in Cash Begin period cash End period cash Dividends
2019-05-31 -2,739.641 -231.711 -477.16 486.879 9.719
2020-05-31 -491.615 53.731 0.328 9.719 10.047
2021-05-31 -184.973 -425.974 2,538.76 10.047 2,548.807
2022-05-31 -3,118.728 -1,994.367 1,021.494 2,548.807 3,570.301
2023-05-31 -1,461.43 -1,533.99 -3,457.27