Cash flow Quebec Rare Earth Elements Corp. OTC Markets

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QQREF

CA7481621042

Non-Gold Precious Metals & Minerals

Market Closed - OTC Markets 17:30:02 02/09/2026 +04			5-day change	1st Jan Change
0.0301 ^USD	-49.63%		0.00%	-58.19%

08-26	Quebec Rare Earth Elements Corp. Reports Earnings Results for the Full Year Ended April 30, 2026	CI
08-25	Quebec Rare Earth Elements Corp. Auditor Raises 'Going Concern' Doubt	CI

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Published financial data: QUEBEC RARE EARTH ELEMENTS CORP.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: April	2022 (CAD)	2023 (CAD)	2024 (CAD)	2025 (CAD)	2026 (CAD)
Cost of Goods Sold, Total	30.46K	-	-	-	-
Gross Profit	-30.46K	-	-	-	-
Selling General & Admin Expenses, Total	1.12M	336K	152K	77.2K	70.9K
Exploration / Drilling Costs, Total	-	-	-	-	-
Provision for Bad Debts	2.7K	-	-	-	-
Stock-Based Compensation (IS)	829K	-	-	599K	-
Impairment of Oil, Gas & Mineral Properties - (IS)	1.3M	8.19M	25K	-	2.35M
Other Operating Expenses	4K	-	-	-	-
Other Operating Expenses, Total	3.26M	8.53M	177K	676K	2.42M
Operating Income	-3.29M	-8.53M	-177K	-676K	-2.42M
Interest Expense, Total	-20.61K	-	-600	-1.4K	-
Interest And Investment Income	5.18K	4.58K	2.2K	-	6K
Net Interest Expenses	-15.43K	4.58K	1.6K	-1.4K	6K
Currency Exchange Gains (Loss)	-510	-42	-	-	-
Other Non Operating Income (Expenses)	206K	-224K	-61.8K	4.4K	4.1K
EBT, Excl. Unusual Items	-3.1M	-8.75M	-237K	-674K	-2.41M
Gain (Loss) On Sale Of Assets	-232K	-	-	-	-
Asset Writedown	-	-	-	-	-
Other Unusual Items	2.5K	-	28.7K	-	-
EBT, Incl. Unusual Items	-3.33M	-8.75M	-208K	-674K	-2.41M
Earnings From Continuing Operations	-3.33M	-8.75M	-208K	-674K	-2.41M
Net Income to Company	-3.33M	-8.75M	-208K	-674K	-2.41M
Net Income - (IS)	-3.33M	-8.75M	-208K	-674K	-2.41M
Net Income to Common Incl Extra Items	-3.33M	-8.75M	-208K	-674K	-2.41M
Net Income to Common Excl. Extra Items	-3.33M	-8.75M	-208K	-674K	-2.41M
Per Share Items
Net EPS - Basic	-0.26	-0.53	-0.01	-0.01	-0.05
Basic EPS - Continuing Operations	-0.26	-0.53	-0.01	-0.01	-0.05
Basic Weighted Average Shares Outstanding	13.04M	16.54M	40.58M	49.64M	50.46M
Net EPS - Diluted	-0.26	-0.53	-0.01	-0.01	-0.05
Diluted EPS - Continuing Operations	-0.26	-0.53	-0.01	-0.01	-0.05
Diluted Weighted Average Shares Outstanding	13.04M	16.54M	40.58M	49.64M	50.46M
Normalized Basic EPS	-0.15	-0.33	-0	-0.01	-0.03
Normalized Diluted EPS	-0.15	-0.33	-0	-0.01	-0.03
Supplemental Items
EBITDA	-1.92M	-336K	-152K	-652K	-70.9K
EBITA	-3.29M	-8.53M	-177K	-676K	-2.42M
EBIT	-3.29M	-8.53M	-177K	-676K	-2.42M
Normalized Net Income	-1.94M	-5.47M	-148K	-421K	-1.51M
Supplemental Operating Expense Items
Marketing Expenses	193K	-	-	-	-
Selling and Marketing Expenses	193K	-	-	-	-
General and Administrative Expenses	927K	333K	152K	77.2K	70.9K
Exploration/Drilling Costs	-	-	-	-	-
Stock-Based Comp., G&A Exp. (Total)	-	-	-	-	-
Stock-Based Comp., Other (Total)	829K	-	-	599K	-
Total Stock-Based Compensation	829K	-	-	599K	-

Fiscal Period: April	2022 (CAD)	2023 (CAD)	2024 (CAD)	2025 (CAD)	2026 (CAD)
Assets
Cash And Equivalents	867K	212K	71.5K	624K	217K
Total Cash And Short Term Investments	867K	212K	71.5K	624K	217K
Other Receivables	157K	26.44K	2.5K	13.6K	9.9K
Notes Receivable	54.95K	-	-	-	-
Total Receivables	212K	26.44K	2.5K	13.6K	9.9K
Prepaid Expenses	51.5K	4.12K	4.4K	3.8K	3.7K
Other Current Assets, Total	-	15.19K	-	-	-
Total Current Assets	1.13M	257K	78.4K	641K	231K
Gross Property Plant And Equipment	7.86M	2.91M	4.93M	5.2M	3.21M
Net Property Plant And Equipment	7.86M	2.91M	4.93M	5.2M	3.21M
Other Long-Term Assets, Total	-	-	-	-	-
Total Assets	8.99M	3.16M	5.01M	5.84M	3.45M
Liabilities
Accounts Payable, Total	102K	119K	146K	45.9K	34.9K
Accrued Expenses, Total	54.13K	6.52K	-	-	-
Short-term Borrowings	38.44K	10.88K	11.5K	12.2K	12.8K
Unearned Revenue Current, Total	6.77K	-	-	28.8K	-
Other Current Liabilities	-40K	-	-	-	-
Total Current Liabilities	161K	136K	157K	86.9K	47.7K
Other Non Current Liabilities	-	-	-	-	-
Total Liabilities	161K	136K	157K	86.9K	47.7K
Common Stock, Total	44.42M	47.36M	49.39M	50.37M	50.42M
Retained Earnings	-38.61M	-47.36M	-47.56M	-48.24M	-50.65M
Comprehensive Income and Other	3.02M	3.02M	3.02M	3.62M	3.62M
Total Common Equity	8.83M	3.03M	4.85M	5.75M	3.4M
Total Equity	8.83M	3.03M	4.85M	5.75M	3.4M
Total Liabilities And Equity	8.99M	3.16M	5.01M	5.84M	3.45M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	14.64M	40.64M	50.23M	50.33M	50.73M
ECS Total Common Shares Outstanding	14.43M	32.64M	43.74M	50.33M	50.73M
Book Value / Share	0.61	0.09	0.11	0.11	0.07
Tangible Book Value	8.83M	3.03M	4.85M	5.75M	3.4M
Tangible Book Value Per Share	0.61	0.09	0.11	0.11	0.07
Total Debt	38.44K	10.88K	11.5K	12.2K	12.8K
Net Debt	-829K	-201K	-60K	-612K	-204K
Account Code - Inventory Valuation	3	3	3	3	3
Land - (BS)	-	-	-	-	-
Buildings, Total	-	-	-	-	-
Machinery, Total	-	-	-	-	-

Fiscal Period: April	2022 (CAD)	2023 (CAD)	2024 (CAD)	2025 (CAD)	2026 (CAD)
Net Income	-3.33M	-8.75M	-208K	-674K	-2.41M
Amortization of Goodwill and Intangible Assets - (CF)	4K	-	-	-	-
Impairment of Oil, Gas & Mineral Properties - (CF)	1.36M	8.19M	25K	-	2.35M
Depreciation & Amortization, Total	1.37M	8.19M	25K	-	2.35M
(Gain) Loss From Sale Of Asset	232K	-	-	-	-
Asset Writedown & Restructuring Costs	-	-	-	-	-
Stock-Based Compensation (CF)	829K	-	-	599K	-
Provision and Write-off of Bad Debts	2.7K	-	-	-	-
Other Operating Activities, Total	-251K	158K	-28.1K	-39K	-28.2K
Change In Accounts Receivable	67.75K	18.41K	23.9K	-11.1K	3.7K
Change In Accounts Payable	-33.03K	16.91K	56K	-101K	-9.7K
Change in Other Net Operating Assets	-28.03K	24.58K	8.4K	600	100
Cash from Operations	-1.14M	-337K	-123K	-225K	-94.9K
Capital Expenditure	-2.06M	-293K	-6.4K	-259K	-312K
Cash Acquisitions	-	-	-	-	-
Divestitures	-9.72K	-	-	-	-
Net (Increase) Decrease in Loans Originated / Sold - Investing	-50K	-	-	-	-
Other Investing Activities, Total	-	-	-10K	-	-
Cash from Investing	-2.12M	-293K	-16.4K	-259K	-312K
Short Term Debt Issued, Total	-	-	-	-	-
Total Debt Issued	-	-	-	-	-
Short Term Debt Repaid, Total	-	-25K	-	-	-
Total Debt Repaid	-	-25K	-	-	-
Issuance of Common Stock	2.3M	-	-	1.04M	-
Other Financing Activities, Total	-6.4K	-	-400	-4.7K	-400
Cash from Financing	2.3M	-25K	-400	1.04M	-400
Net Change in Cash	-967K	-656K	-140K	552K	-407K
Supplemental Items
Cash Interest Paid	-	-	-	-	-
Levered Free Cash Flow	-2.45M	2.79M	-32.74K	-165K	490K
Unlevered Free Cash Flow	-2.44M	2.79M	-32.36K	-165K	490K
Change In Net Working Capital	518K	-220K	-59.6K	81.6K	36K
Net Debt Issued / Repaid	-	-25K	-	-	-

Fiscal Period: April	2022 (CAD)	2023 (CAD)	2024 (CAD)	2025 (CAD)	2026 (CAD)
Profitability
Return on Assets	-21.15	-87.71	-2.71	-7.8	-32.61
Return on Total Capital	-23.57	-89.53	-2.8	-7.96	-33
Return On Equity %	-38.31	-147.54	-5.29	-12.71	-52.72
Return on Common Equity	-38.31	-147.54	-5.29	-12.71	-52.72
Short Term Liquidity
Current Ratio	7.02	1.89	0.5	7.38	4.83
Quick Ratio	6.36	1.75	0.47	7.34	4.76
Operating Cash Flow to Current Liabilities	-7.11	-2.48	-0.78	-2.59	-1.99
Average Days Payable Outstanding	2.72K	-	-	-	-
Long Term Solvency
Total Debt/Equity	0.44	0.36	0.24	0.21	0.38
Total Debt / Total Capital	0.43	0.36	0.24	0.21	0.38
Total Liabilities / Total Assets	1.79	4.3	3.14	1.49	1.38
EBIT / Interest Expense	-159.73	-	-294.83	-483.21	-
EBITDA / Interest Expense	-93.38	-	-253.17	-465.36	-
(EBITDA - Capex) / Interest Expense	-193.21	-	-263.83	-650.64	-
Total Debt / EBITDA	-0.02	-0.03	-0.08	-0.02	-0.18
Net Debt / EBITDA	0.43	0.6	0.39	0.94	2.88
Total Debt / (EBITDA - Capex)	-0.01	-0.02	-0.07	-0.01	-0.03
Net Debt / (EBITDA - Capex)	0.21	0.32	0.38	0.67	0.53
Growth Over Prior Year
Gross Profit, 1 Yr. Growth %	-47.02	-	-	-	-
EBITDA, 1 Yr. Growth %	91.88	-82.56	-54.75	328.9	-89.12
EBITA, 1 Yr. Growth %	154.54	159.41	-97.93	282.42	257.96
EBIT, 1 Yr. Growth %	154.85	159.09	-97.93	282.42	257.96
Earnings From Cont. Operations, 1 Yr. Growth %	14.24	162.63	-97.62	223.18	258.05
Net Income, 1 Yr. Growth %	14.24	162.63	-97.62	223.18	258.05
Normalized Net Income, 1 Yr. Growth %	134.57	182.04	-97.29	184.06	258.05
Diluted EPS Before Extra, 1 Yr. Growth %	-48.72	107.08	-99.03	164.23	252.25
Net Property, Plant and Equip., 1 Yr. Growth %	1.21	-63.06	69.62	5.45	-38.14
Total Assets, 1 Yr. Growth %	-14.03	-64.84	58.3	16.61	-40.98
Tangible Book Value, 1 Yr. Growth %	3.25	-65.74	60.21	18.6	-40.92
Common Equity, 1 Yr. Growth %	3.25	-65.74	60.21	18.6	-40.92
Cash From Operations, 1 Yr. Growth %	20.77	-70.54	-63.46	82.55	-57.8
Capital Expenditures, 1 Yr. Growth %	316.37	-85.74	-97.82	1.48K	20.12
Levered Free Cash Flow, 1 Yr. Growth %	158.12	-213.9	-101.17	290.41	-396.03
Unlevered Free Cash Flow, 1 Yr. Growth %	159.61	-214.5	-101.16	288.34	-397.61
Compound Annual Growth Rate Over Two Years
Gross Profit, 2 Yr. CAGR %	-46.36	-	-	-	-
EBITDA, 2 Yr. CAGR %	11.28	-42.15	-71.91	39.31	-31.68
EBITA, 2 Yr. CAGR %	10.83	156.96	-76.81	-71.84	269.99
EBIT, 2 Yr. CAGR %	10.82	156.96	-76.82	-71.84	269.99
Earnings From Cont. Operations, 2 Yr. CAGR %	31.67	73.21	-74.99	-72.25	240.17
Net Income, 2 Yr. CAGR %	31.67	73.21	-74.99	-72.25	240.17
Normalized Net Income, 2 Yr. CAGR %	6.83	157.21	-72.35	-72.25	218.92
Diluted EPS Before Extra, 2 Yr. CAGR %	-46.81	3.04	-85.82	-83.99	205.08
Net Property, Plant and Equip., 2 Yr. CAGR %	34.57	-38.85	-20.84	33.74	-19.23
Total Assets, 2 Yr. CAGR %	31.31	-45.02	-25.4	35.87	-17.04
Tangible Book Value, 2 Yr. CAGR %	69.38	-40.52	-25.91	37.85	-16.29
Common Equity, 2 Yr. CAGR %	69.38	-40.52	-25.91	37.85	-16.29
Cash From Operations, 2 Yr. CAGR %	43.45	-40.35	-67.19	-18.33	-12.23
Capital Expenditures, 2 Yr. CAGR %	163.15	-22.95	-94.42	-5.97	335.89
Levered Free Cash Flow, 2 Yr. CAGR %	98.49	71.46	-88.44	-75.65	239.96
Unlevered Free Cash Flow, 2 Yr. CAGR %	98.73	72.41	-88.47	-75.72	239.96
Compound Annual Growth Rate Over Three Years
EBITDA, 3 Yr. CAGR %	-11.05	-40	-46.7	-30.31	-40.45
EBITA, 3 Yr. CAGR %	-34.43	47.15	-48.46	-40.97	-34.28
EBIT, 3 Yr. CAGR %	-34.41	47.08	-48.46	-40.99	-34.28
Earnings From Cont. Operations, 3 Yr. CAGR %	-34.49	65.75	-58.5	-41.31	-34.92
Net Income, 3 Yr. CAGR %	-34.49	65.75	-58.5	-41.31	-34.92
Normalized Net Income, 3 Yr. CAGR %	-36.03	47.65	-43.61	-39.9	-34.92
Diluted EPS Before Extra, 3 Yr. CAGR %	-69.46	-16.32	-78.24	-62.41	-55.13
Net Property, Plant and Equip., 3 Yr. CAGR %	15.5	-12.54	-14.08	-12.9	3.43
Total Assets, 3 Yr. CAGR %	7.15	-15.37	-21.78	-13.42	2.9
Tangible Book Value, 3 Yr. CAGR %	24.98	-0.57	-17.25	-13.33	3.93
Common Equity, 3 Yr. CAGR %	24.98	-0.57	-17.25	-13.33	3.93
Cash From Operations, 3 Yr. CAGR %	-3.14	-15.37	-49.34	-41.87	-34.47
Capital Expenditures, 3 Yr. CAGR %	-12.01	-0.42	-76.52	-49.86	2.03
Levered Free Cash Flow, 3 Yr. CAGR %	96.72	64.94	-67.45	-59.28	-44.01
Unlevered Free Cash Flow, 3 Yr. CAGR %	96.49	65.37	-67.45	-59.28	-44.01
Compound Annual Growth Rate Over Five Years
EBITDA, 5 Yr. CAGR %	44.2	-36.49	-43.9	-15.96	-41.13
EBITA, 5 Yr. CAGR %	-6.33	53.39	-56.73	-24.05	13.39
EBIT, 5 Yr. CAGR %	-6.31	53.39	-56.73	-24.07	13.39
Earnings From Cont. Operations, 5 Yr. CAGR %	-6.28	51.28	-55.43	-18.91	-3.73
Net Income, 5 Yr. CAGR %	-6.28	51.28	-55.43	-18.91	-3.73
Normalized Net Income, 5 Yr. CAGR %	-7.61	51.28	-54.26	-24.35	12.77
Diluted EPS Before Extra, 5 Yr. CAGR %	-60.56	-24.24	-77.54	-56.81	-37.43
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-10.72	-0.7	3.65	-16.18
Total Assets, 5 Yr. CAGR %	58.85	-13.13	-7.3	2.27	-19.92
Tangible Book Value, 5 Yr. CAGR %	69.06	-13.41	1.39	13.31	-16.87
Common Equity, 5 Yr. CAGR %	69.06	-13.41	1.39	13.31	-16.87
Cash From Operations, 5 Yr. CAGR %	29.76	-20.52	-37.19	-16.57	-36.89
Capital Expenditures, 5 Yr. CAGR %	197.42	-9.54	-70.81	-2.68	-8.81
Levered Free Cash Flow, 5 Yr. CAGR %	11.25	21.1	-36.68	-23.27	-12.4
Unlevered Free Cash Flow, 5 Yr. CAGR %	11.13	21.1	-36.81	-23.23	-12.2