Headwater Exploration Inc. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CAD 119.26 million compared to CAD 25.49 million a year ago. Revenue was CAD 98.35 million compared to CAD 22.33 million a year ago. Net income was CAD 42.36 million compared to net loss of CAD 12.79 million a year ago. Basic earnings per share from continuing operations was CAD 0.19 compared to basic loss per share from continuing operations of CAD 0.07 a year ago. Diluted earnings per share from continuing operations was CAD 0.18 compared to diluted loss per share from continuing operations of CAD 0.07 a year ago.