Cliffmont Resources Ltd.
TTSXV:CMO.H0.04
CAD
+0.00
(-12.50%)
Cliffmont Resources Ltd.
TSXV:CMO.H
(TSX Venture Exchange)
Recent
price
0.04
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.- Similar Companies
- Business
- Cliffmont Resources Ltd. is a Canada-based junior mineral exploration company engaged in the identification, acquisition, exploration, and evaluation of natural resource properties. Founded in 2006 and headquartered in Vancouver, British Columbia, the company operates within the metals and mining sector, historically focusing on precious and base metal exploration assets in Latin America. The company was originally incorporated as Atlas Minerals Inc. and subsequently changed its name to Cliffmont Resources Ltd. in February 2010. Cliffmont Resources Ltd. operates through the mineral resource exploration and development segment, providing specialized natural resource activities that include the acquisition of mineral licenses and exploration concessions; geological mapping, surface sampling, and geochemical surveying; exploratory core drilling and trenching programs; metallurgical testing and assay analysis; mineral resource modeling and technical reporting; and concession maintenance and regulatory compliance management. The company historically directed its principal exploration activities toward the San Luis gold and silver project situated in the Department of Huila, Colombia. In recent developments, Cliffmont Resources Ltd. has transferred its trading listing to the NEX board of the TSX Venture Exchange under the symbol CMO.H, reflecting an operational refocus toward capital preservation and corporate restructuring. Over the past two years, the company has suspended active field exploration programs to conserve capital, maintaining its status as a reporting issuer while actively reviewing new strategic mineral property acquisitions and corporate transaction opportunities. To sustain corporate operations and satisfy administrative and regulatory maintenance expenditures, the company has relied on interim short-term financing facilities and working capital loans provided by executive officers and related corporate entities.