Low Leverage / Strong Balance-sheet FlexibilityVery low leverage (debt-to-equity under ~2.5%, as low as ~0.8% in 2025) materially reduces solvency risk and preserves balance-sheet flexibility. This durable strength should lower financing cost sensitivity and help the company access capital or absorb setbacks over the next several months.
Growing Equity And Asset BaseEquity roughly doubled (≈15.48M in 2025 vs ≈7.02M in 2021) and assets have grown, indicating ongoing capital formation. A larger capital base provides capacity to fund exploration, development or capex without immediate revenue, supporting medium-term operational scaling if projects progress.
Narrowing Net LossesThe material reduction in net loss (≈2.27M in 2025 vs ≈6.93M in 2024) signals improving operating performance or cost control. If sustained, this trend can lower future funding needs, demonstrate execution progress and move the company closer to operational break-even over a 2-6 month horizon.