Halcones Ltd

Halcones Precious Metals TSXV HPM is a Canadian junior exploration company focused on precious metals, based in Toronto, Canada, with a registration address in London, UK. Founded six years ago in 2018, it employs two people and holds £19,377 in assets. It’s a small company, meeting two of three conditions for size: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The company is led by a single director and owner, Rodrigues Millicent, who also serves as a pharmacist.

The company’s core business revolves around exploring a past-producing, high-grade gold region in Chile, specifically the Polaris project. The website highlights the project’s location within the Antofagasta region, a globally recognized mining hub, and emphasizes its potential for gold mineralization. The site also features a corporate presentation, investor information, and news releases, suggesting a focus on attracting investment and promoting the project's progress. It’s clear the company operates primarily as an exploration venture, with a website designed to appeal to investors and potential partners.

Financially, Halcones Precious Metals is showing some concerning trends. Cash bank on hand has plummeted 50% to £5,500, while current assets have decreased by 19% to £19,000. Trade debtors have increased by 41%, which could indicate difficulties in collecting payments. Despite this, creditors have increased by 1.2%, suggesting a reliance on borrowing. Equity has increased by 5%, but net assets liabilities remain at £79,000. The company’s small size helps it remain nimble, but the decrease in cash reserves and increase in debt raise questions about its financial health. No auditor is mentioned, which is common for small, exempt companies.

Overall, Halcones Precious Metals is a small exploration company facing challenges. While the Polaris project holds promise, the company needs to manage its finances carefully to sustain its operations and attract further investment. It’s a bit worrying that the bank balance is so low, but the company seems to be actively seeking funding.

Registered in England/Wales under the registration number 11645060, with a registered address at CF14 3BH, United Kingdom, Cardiff, 144 North Road, Maindy.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.