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Operations: Currently, there are no reported revenue segments for the company.

Market Cap: CA$39.19M

Cartier Resources Inc., with a market cap of CA$39.19 million, is pre-revenue and debt-free, positioning it uniquely among Canadian penny stocks. Recent drilling at its East Cadillac property revealed promising high-grade gold intersections, suggesting potential for future resource expansion. Despite a net loss increase to CA$0.42 million in Q3 2024, the company maintains financial stability through successful private placements raising over CA$1 million in late 2024. Its seasoned management and board bring extensive industry experience, supporting strategic exploration efforts while navigating typical challenges faced by early-stage mining ventures like limited cash runway and unprofitability.

• Unlock comprehensive insights into our analysis of Cartier Resources stock in this financial health report.

• Review our historical performance report to gain insights into Cartier Resources' track record.

Inventus Mining

Simply Wall St Financial Health Rating: ★★★★★☆

Overview: Inventus Mining Corp. focuses on the acquisition, exploration, and development of mineral properties in Canada and has a market cap of CA$18.30 million.

Operations: Currently, Inventus Mining Corp. does not report any revenue segments.

Market Cap: CA$18.3M

Inventus Mining Corp., with a market cap of CA$18.30 million, is pre-revenue and debt-free, focusing on its Pardo Gold Project in Ontario. The company recently completed an 80-hole Phase 1 drilling program aimed at supporting future mineral resource estimates for potential low-cost surface mining. Despite being unprofitable, Inventus has reduced its losses by 8.5% annually over the past five years and maintains sufficient cash runway for over a year based on current free cash flow. Participation in the Ontario Junior Exploration Program offers financial support, covering up to CA$200,000 of exploration costs at Pardo.

• Click here to discover the nuances of Inventus Mining with our detailed analytical financial health report.

• Gain insights into Inventus Mining's historical outcomes by reviewing our past performance report.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include TSX:ALYA TSXV:ECR and TSXV:IVS.

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