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Market Cap: CA$5.72M

QMC Quantum Minerals Corp., with a market cap of CA$5.72 million, is a pre-revenue exploration stage company in Canada. The firm recently reported a Q1 net loss of CA$0.044657 million, slightly improved from the previous year. Despite reducing losses over five years, it faces significant financial challenges: short-term liabilities (CA$3.3M) far exceed its assets (CA$123.1K), and its cash runway extends only one month without additional funding. A recent private placement raised CA$277,500 from insiders to bolster finances amid auditor concerns about ongoing viability due to persistent unprofitability and high share price volatility.

• Take a closer look at QMC Quantum Minerals' potential here in our financial health report.

• Understand QMC Quantum Minerals' track record by examining our performance history report.

Quebec Precious Metals

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

Overview: Quebec Precious Metals Corporation focuses on acquiring, exploring, and developing mining projects in Canada, with a market cap of CA$3.11 million.

Operations: There are no reported revenue segments for this company.

Market Cap: CA$3.11M

Quebec Precious Metals Corporation, with a market cap of CA$3.11 million, is a pre-revenue company focused on mining exploration. The firm recently reported reduced losses for the third quarter and nine months ended October 31, 2024. It completed a maiden drilling campaign at its Ninaaskumuwin project, identifying promising spodumene-bearing pegmatite formations. Despite having no long-term liabilities and being debt-free, the company faces financial constraints with less than a year of cash runway and high share price volatility. The board's average tenure is relatively low at 2.6 years, indicating limited experience in leadership roles.

• Get an in-depth perspective on Quebec Precious Metals' performance by reading our balance sheet health report here.

• Review our historical performance report to gain insights into Quebec Precious Metals' track record.

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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 CNSX:STWO TSXV:QMC and TSXV:QPM.

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