Vmbook Online ordering

Industrial Metals Minerals

I'm happy to help you with some general information about the public company Industrial Metals Minerals, which is traded on the U.S. stock exchange under the symbol QTMM.

According to publicly available information, Industrial Metals Minerals is a mineral exploration and development company focused on the acquisition, exploration, and development of mineral properties in the Americas. The company's primary focus is on the exploration and development of its flagship property, the California Mountain Lithium project located in Esmeralda County, Nevada.

Regarding financials, for the full year ended December 31, 2021, QTMM reported revenue of approximately $38,000, up from $26,000 in the prior year. However, it's important to note that exploration and development stage companies like QTMM often report negative net income as they invest in their properties and operations. In 2021, QTMM reported a net loss of approximately $2.4 million, up from a net loss of $2.1 million in the prior year.

Regarding growth, QTMM's focus on the California Mountain Lithium project provides potential for growth as lithium is a critical component in the production of batteries for electric vehicles, which is a rapidly growing market. However, as with any exploration and development stage company, there are numerous risks and uncertainties that could impact its future financial performance.

Overall, it's recommended to conduct further research and consider consulting with a financial advisor before making any investment decisions. Publicly available information, such as financial statements, press releases, and regulatory filings, can be found on the company's website or through the Securities and Exchange Commission (SEC)'s EDGAR database.