Cash flow Quebec Rare Earth Elements Corp. OTC Markets

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QQREF

CA7481621042

Non-Gold Precious Metals & Minerals

Market Closed - OTC Markets Other stock markets 13:44:13 2026-07-28 EDT			5-day change	1st Jan Change
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03-17	Quebec Rare Earth Elements Corp. Reports Earnings Results for the Third Quarter and Nine Months Ended January 31, 2026	CI
01-12	Quebec Rare Earth Elements Corp. Enters into an Option Agreement to Acquire the Moose Ree Project	CI

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Published financial data: QUEBEC RARE EARTH ELEMENTS CORP.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: April	2021	2022	2023	2024	2025
Cost of Goods Sold, Total	57.5K	30.46K	-	-	-
Gross Profit	-57.5K	-30.46K	-	-	-
Selling General & Admin Expenses, Total	735K	1.12M	336K	152K	77.2K
Exploration / Drilling Costs, Total	-	-	-	-	-
Provision for Bad Debts	-	2.7K	-	-	-
Stock-Based Compensation (IS)	211K	829K	-	-	599K
Impairment of Oil, Gas & Mineral Properties - (IS)	289K	1.3M	8.19M	25K	-
Other Operating Expenses	-	4K	-	-	-
Other Operating Expenses, Total	1.23M	3.26M	8.53M	177K	676K
Operating Income	-1.29M	-3.29M	-8.53M	-177K	-676K
Interest Expense, Total	-16.64K	-20.61K	-	-600	-1.4K
Interest And Investment Income	28.05K	5.18K	4.58K	2.2K	-
Net Interest Expenses	11.4K	-15.43K	4.58K	1.6K	-1.4K
Currency Exchange Gains (Loss)	-8	-510	-42	-	-
Other Non Operating Income (Expenses)	-42K	206K	-224K	-61.8K	4.4K
EBT, Excl. Unusual Items	-1.32M	-3.1M	-8.75M	-237K	-674K
Gain (Loss) On Sale Of Assets	-	-232K	-	-	-
Asset Writedown	-1.66M	-	-	-	-
Other Unusual Items	65.62K	2.5K	-	28.7K	-
EBT, Incl. Unusual Items	-2.92M	-3.33M	-8.75M	-208K	-674K
Earnings From Continuing Operations	-2.92M	-3.33M	-8.75M	-208K	-674K
Net Income to Company	-2.92M	-3.33M	-8.75M	-208K	-674K
Net Income - (IS)	-2.92M	-3.33M	-8.75M	-208K	-674K
Net Income to Common Incl Extra Items	-2.92M	-3.33M	-8.75M	-208K	-674K
Net Income to Common Excl. Extra Items	-2.92M	-3.33M	-8.75M	-208K	-674K
Per Share Items
Net EPS - Basic	-0.5	-0.26	-0.53	-0.01	-0.01
Basic EPS - Continuing Operations	-0.5	-0.26	-0.53	-0.01	-0.01
Basic Weighted Average Shares Outstanding	5.85M	13.04M	16.54M	40.58M	49.64M
Net EPS - Diluted	-0.5	-0.26	-0.53	-0.01	-0.01
Diluted EPS - Continuing Operations	-0.5	-0.26	-0.53	-0.01	-0.01
Diluted Weighted Average Shares Outstanding	5.85M	13.04M	16.54M	40.58M	49.64M
Normalized Basic EPS	-0.14	-0.15	-0.33	-0	-0.01
Normalized Diluted EPS	-0.14	-0.15	-0.33	-0	-0.01
Supplemental Items
EBITDA	-1M	-1.92M	-336K	-152K	-652K
EBITA	-1.29M	-3.29M	-8.53M	-177K	-676K
EBIT	-1.29M	-3.29M	-8.53M	-177K	-676K
Normalized Net Income	-826K	-1.94M	-5.47M	-148K	-421K
Supplemental Operating Expense Items
Marketing Expenses	173K	193K	-	-	-
Selling and Marketing Expenses	173K	193K	-	-	-
General and Administrative Expenses	560K	927K	333K	152K	77.2K
Exploration/Drilling Costs	-	-	-	-	-
Stock-Based Comp., G&A Exp. (Total)	-	-	-	-	-
Stock-Based Comp., Other (Total)	211K	829K	-	-	599K
Total Stock-Based Compensation	211K	829K	-	-	599K

Fiscal Period: April	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	1.83M	867K	212K	71.5K	624K
Total Cash And Short Term Investments	1.83M	867K	212K	71.5K	624K
Other Receivables	107K	157K	26.44K	2.5K	13.6K
Notes Receivable	-	54.95K	-	-	-
Total Receivables	107K	212K	26.44K	2.5K	13.6K
Prepaid Expenses	20.47K	51.5K	4.12K	4.4K	3.8K
Other Current Assets, Total	-	-	15.19K	-	-
Total Current Assets	1.96M	1.13M	257K	78.4K	641K
Gross Property Plant And Equipment	7.77M	7.86M	2.91M	4.93M	5.2M
Net Property Plant And Equipment	7.77M	7.86M	2.91M	4.93M	5.2M
Other Long-Term Assets, Total	730K	-	-	-	-
Total Assets	10.46M	8.99M	3.16M	5.01M	5.84M
Liabilities
Accounts Payable, Total	353K	102K	119K	146K	45.9K
Accrued Expenses, Total	11.13K	54.13K	6.52K	-	-
Short-term Borrowings	35.8K	38.44K	10.88K	11.5K	12.2K
Unearned Revenue Current, Total	141K	6.77K	-	-	28.8K
Other Current Liabilities	-	-40K	-	-	-
Total Current Liabilities	540K	161K	136K	157K	86.9K
Other Non Current Liabilities	1.37M	-	-	-	-
Total Liabilities	1.91M	161K	136K	157K	86.9K
Common Stock, Total	41.68M	44.42M	47.36M	49.39M	50.37M
Retained Earnings	-35.28M	-38.61M	-47.36M	-47.56M	-48.24M
Comprehensive Income and Other	2.15M	3.02M	3.02M	3.02M	3.62M
Total Common Equity	8.56M	8.83M	3.03M	4.85M	5.75M
Total Equity	8.56M	8.83M	3.03M	4.85M	5.75M
Total Liabilities And Equity	10.46M	8.99M	3.16M	5.01M	5.84M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	12.73M	14.64M	40.64M	50.23M	50.33M
ECS Total Common Shares Outstanding	11.63M	14.43M	32.64M	43.74M	50.33M
Book Value / Share	0.74	0.61	0.09	0.11	0.11
Tangible Book Value	8.56M	8.83M	3.03M	4.85M	5.75M
Tangible Book Value Per Share	0.74	0.61	0.09	0.11	0.11
Total Debt	35.8K	38.44K	10.88K	11.5K	12.2K
Net Debt	-1.8M	-829K	-201K	-60K	-612K
Account Code - Inventory Valuation	3	3	3	3	3
Land - (BS)	-	-	-	-	-
Buildings, Total	-	-	-	-	-
Machinery, Total	1.02M	-	-	-	-

Fiscal Period: April	2021	2022	2023	2024	2025
Net Income	-2.92M	-3.33M	-8.75M	-208K	-674K
Amortization of Goodwill and Intangible Assets - (CF)	-	4K	-	-	-
Impairment of Oil, Gas & Mineral Properties - (CF)	289K	1.36M	8.19M	25K	-
Depreciation & Amortization, Total	289K	1.37M	8.19M	25K	-
(Gain) Loss From Sale Of Asset	-	232K	-	-	-
Asset Writedown & Restructuring Costs	1.66M	-	-	-	-
Stock-Based Compensation (CF)	211K	829K	-	-	599K
Provision and Write-off of Bad Debts	-	2.7K	-	-	-
Other Operating Activities, Total	-87.52K	-251K	158K	-28.1K	-39K
Change In Accounts Receivable	-85.84K	67.75K	18.41K	23.9K	-11.1K
Change In Accounts Payable	51.66K	-33.03K	16.91K	56K	-101K
Change in Other Net Operating Assets	-68.93K	-28.03K	24.58K	8.4K	600
Cash from Operations	-948K	-1.14M	-337K	-123K	-225K
Capital Expenditure	-494K	-2.06M	-293K	-6.4K	-259K
Cash Acquisitions	-75K	-	-	-	-
Divestitures	-	-9.72K	-	-	-
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-50K	-	-	-
Other Investing Activities, Total	-	-	-	-10K	-
Cash from Investing	-569K	-2.12M	-293K	-16.4K	-259K
Short Term Debt Issued, Total	65K	-	-	-	-
Total Debt Issued	65K	-	-	-	-
Short Term Debt Repaid, Total	-230K	-	-25K	-	-
Total Debt Repaid	-230K	-	-25K	-	-
Issuance of Common Stock	3.47M	2.3M	-	-	1.04M
Other Financing Activities, Total	-69.02K	-6.4K	-	-400	-4.7K
Cash from Financing	3.24M	2.3M	-25K	-400	1.04M
Net Change in Cash	1.72M	-967K	-656K	-140K	552K
Supplemental Items
Cash Interest Paid	2.95K	-	-	-	-
Levered Free Cash Flow	-949K	-2.45M	2.79M	-32.74K	-165K
Unlevered Free Cash Flow	-938K	-2.44M	2.79M	-32.36K	-165K
Change In Net Working Capital	137K	518K	-220K	-59.6K	81.6K
Net Debt Issued / Repaid	-165K	-	-25K	-	-

Fiscal Period: April	2021	2022	2023	2024	2025
Profitability
Return on Assets	-10.3	-21.15	-87.71	-2.71	-7.8
Return on Total Capital	-13.61	-23.57	-89.53	-2.8	-7.96
Return On Equity %	-50.13	-38.31	-147.54	-5.29	-12.71
Return on Common Equity	-50.13	-38.31	-147.54	-5.29	-12.71
Short Term Liquidity
Current Ratio	3.63	7.02	1.89	0.5	7.38
Quick Ratio	3.59	6.36	1.75	0.47	7.34
Operating Cash Flow to Current Liabilities	-1.75	-7.11	-2.48	-0.78	-2.59
Average Days Payable Outstanding	2.62K	2.72K	-	-	-
Long Term Solvency
Total Debt/Equity	0.42	0.44	0.36	0.24	0.21
Total Debt / Total Capital	0.42	0.43	0.36	0.24	0.21
Total Liabilities / Total Assets	18.22	1.79	4.3	3.14	1.49
EBIT / Interest Expense	-77.62	-159.73	-	-294.83	-483.21
EBITDA / Interest Expense	-60.27	-93.38	-	-253.17	-465.36
(EBITDA - Capex) / Interest Expense	-89.96	-193.21	-	-263.83	-650.64
Total Debt / EBITDA	-0.04	-0.02	-0.03	-0.08	-0.02
Net Debt / EBITDA	1.79	0.43	0.6	0.39	0.94
Total Debt / (EBITDA - Capex)	-0.02	-0.01	-0.02	-0.07	-0.01
Net Debt / (EBITDA - Capex)	1.2	0.21	0.32	0.38	0.67
Growth Over Prior Year
Gross Profit, 1 Yr. Growth %	-45.7	-47.02	-	-	-
EBITDA, 1 Yr. Growth %	-35.46	91.88	-82.56	-54.75	328.9
EBITA, 1 Yr. Growth %	-51.74	154.54	159.41	-97.93	282.42
EBIT, 1 Yr. Growth %	-51.81	154.85	159.09	-97.93	282.42
Earnings From Cont. Operations, 1 Yr. Growth %	51.77	14.24	162.63	-97.62	223.18
Net Income, 1 Yr. Growth %	51.77	14.24	162.63	-97.62	223.18
Normalized Net Income, 1 Yr. Growth %	-51.35	134.57	182.04	-97.29	184.06
Diluted EPS Before Extra, 1 Yr. Growth %	-44.81	-48.72	107.08	-99.03	164.23
Net Property, Plant and Equip., 1 Yr. Growth %	78.91	1.21	-63.06	69.62	5.45
Total Assets, 1 Yr. Growth %	100.55	-14.03	-64.84	58.3	16.61
Tangible Book Value, 1 Yr. Growth %	177.87	3.25	-65.74	60.21	18.6
Common Equity, 1 Yr. Growth %	177.87	3.25	-65.74	60.21	18.6
Cash From Operations, 1 Yr. Growth %	70.38	20.77	-70.54	-63.46	82.55
Capital Expenditures, 1 Yr. Growth %	66.31	316.37	-85.74	-97.82	1.48K
Levered Free Cash Flow, 1 Yr. Growth %	52.63	158.12	-213.9	-101.17	290.41
Unlevered Free Cash Flow, 1 Yr. Growth %	52.13	159.61	-214.5	-101.16	288.34
Compound Annual Growth Rate Over Two Years
Gross Profit, 2 Yr. CAGR %	-	-46.36	-	-	-
EBITDA, 2 Yr. CAGR %	-39.44	11.28	-42.15	-71.91	39.31
EBITA, 2 Yr. CAGR %	-66.72	10.83	156.96	-76.81	-71.84
EBIT, 2 Yr. CAGR %	-66.72	10.82	156.96	-76.82	-71.84
Earnings From Cont. Operations, 2 Yr. CAGR %	-50.39	31.67	73.21	-74.99	-72.25
Net Income, 2 Yr. CAGR %	-50.39	31.67	73.21	-74.99	-72.25
Normalized Net Income, 2 Yr. CAGR %	-66.59	6.83	157.21	-72.35	-72.25
Diluted EPS Before Extra, 2 Yr. CAGR %	-76.43	-46.81	3.04	-85.82	-83.99
Net Property, Plant and Equip., 2 Yr. CAGR %	23.38	34.57	-38.85	-20.84	33.74
Total Assets, 2 Yr. CAGR %	19.62	31.31	-45.02	-25.4	35.87
Tangible Book Value, 2 Yr. CAGR %	37.5	69.38	-40.52	-25.91	37.85
Common Equity, 2 Yr. CAGR %	37.5	69.38	-40.52	-25.91	37.85
Cash From Operations, 2 Yr. CAGR %	-13.26	43.45	-40.35	-67.19	-18.33
Capital Expenditures, 2 Yr. CAGR %	-59.55	163.15	-22.95	-94.42	-5.97
Levered Free Cash Flow, 2 Yr. CAGR %	71.74	98.49	71.46	-88.44	-75.65
Unlevered Free Cash Flow, 2 Yr. CAGR %	70.95	98.73	72.41	-88.47	-75.72
Compound Annual Growth Rate Over Three Years
EBITDA, 3 Yr. CAGR %	-32.4	-11.05	-40	-46.7	-30.31
EBITA, 3 Yr. CAGR %	8.74	-34.43	47.15	-48.46	-40.97
EBIT, 3 Yr. CAGR %	8.74	-34.41	47.08	-48.46	-40.99
Earnings From Cont. Operations, 3 Yr. CAGR %	38.23	-34.49	65.75	-58.5	-41.31
Net Income, 3 Yr. CAGR %	38.23	-34.49	65.75	-58.5	-41.31
Normalized Net Income, 3 Yr. CAGR %	6.2	-36.03	47.65	-43.61	-39.9
Diluted EPS Before Extra, 3 Yr. CAGR %	-38.28	-69.46	-16.32	-78.24	-62.41
Net Property, Plant and Equip., 3 Yr. CAGR %	14.9	15.5	-12.54	-14.08	-12.9
Total Assets, 3 Yr. CAGR %	17.85	7.15	-15.37	-21.78	-13.42
Tangible Book Value, 3 Yr. CAGR %	11.23	24.98	-0.57	-17.25	-13.33
Common Equity, 3 Yr. CAGR %	11.23	24.98	-0.57	-17.25	-13.33
Cash From Operations, 3 Yr. CAGR %	-3.75	-3.14	-15.37	-49.34	-41.87
Capital Expenditures, 3 Yr. CAGR %	0.66	-12.01	-0.42	-76.52	-49.86
Levered Free Cash Flow, 3 Yr. CAGR %	-3.96	96.72	64.94	-67.45	-59.28
Unlevered Free Cash Flow, 3 Yr. CAGR %	-4.32	96.49	65.37	-67.45	-59.28
Compound Annual Growth Rate Over Five Years
EBITDA, 5 Yr. CAGR %	-	44.2	-36.49	-43.9	-15.96
EBITA, 5 Yr. CAGR %	38.52	-6.33	53.39	-56.73	-24.05
EBIT, 5 Yr. CAGR %	38.52	-6.31	53.39	-56.73	-24.07
Earnings From Cont. Operations, 5 Yr. CAGR %	64.75	-6.28	51.28	-55.43	-18.91
Net Income, 5 Yr. CAGR %	64.75	-6.28	51.28	-55.43	-18.91
Normalized Net Income, 5 Yr. CAGR %	34.86	-7.61	51.28	-54.26	-24.35
Diluted EPS Before Extra, 5 Yr. CAGR %	-22.86	-60.56	-24.24	-77.54	-56.81
Net Property, Plant and Equip., 5 Yr. CAGR %	12.86	-	-10.72	-0.7	3.65
Total Assets, 5 Yr. CAGR %	19.71	58.85	-13.13	-7.3	2.27
Tangible Book Value, 5 Yr. CAGR %	16.17	69.06	-13.41	1.39	13.31
Common Equity, 5 Yr. CAGR %	16.17	69.06	-13.41	1.39	13.31
Cash From Operations, 5 Yr. CAGR %	24.54	29.76	-20.52	-37.19	-16.57
Capital Expenditures, 5 Yr. CAGR %	1.04	197.42	-9.54	-70.81	-2.68
Levered Free Cash Flow, 5 Yr. CAGR %	-3.05	11.25	21.1	-36.68	-23.27
Unlevered Free Cash Flow, 5 Yr. CAGR %	-3.26	11.13	21.1	-36.81	-23.23