Solis Minerals Ltd Registered Shs (SLM) AI Stock Analysis

• Market Cap: AU$10.50M
• Dividend Yield: N/A
• Average Volume (3M): N/A
• Price to Earnings (P/E): ―
• Beta (1Y): 2.63
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: AU
• Employees: 12
• Sector: N/A
• Sector Strength: N/A
• Industry: Copper
• EPS (TTM): N/A
• Shares Outstanding: 262,401,640
• 10 Day Avg. Volume: N/A
• 30 Day Avg. Volume: N/A
• PEG Ratio: 0.03
• Price to Book (P/B): 1.04
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -1.95
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 46 Neutral
• Price Target: $0.04
• Action: Reiterated Date: 01/10/26
• Date: Action: Reiterated 01/10/26

The score is held down primarily by weak financial performance (pre-revenue, recurring losses, and ongoing cash burn) despite low balance-sheet leverage. Technicals provide only a modest offset given short-term strength but a weak longer-term trend and overbought signals. Valuation is also a headwind due to a negative P/E and no dividend support.

Solis Minerals Ltd Registered Shs Business Overview & Revenue Model

Company Description

Solis Minerals Ltd. acquires, explores for, and develops mineral properties. The company primarily explores for copper and other metals, such as gold, silver, iron, and molybdenum deposits. Its flagship properties include the Ilo Norte and Ilo Este copper properties that covers an area of approximately 9,500 hectares located in Southern Peru. The company was formerly known as Westminster Resources Ltd. and changed its name to Solis Minerals Ltd. in July 2021. Solis Minerals Ltd. was incorporated in 2005 and is headquartered in Vancouver, Canada.

How the Company Makes Money

Solis Minerals Ltd Registered Shs Financial Statement Overview

Summary

Overall fundamentals are weak for a pre-revenue company: the income statement reflects persistent losses with no revenue, and cash flow shows ongoing operating and free-cash-flow burn that implies continued funding dependence. The main offset is a relatively strong balance sheet with very low leverage, but equity has declined, indicating erosion/dilution risk if losses persist.

Income Statement

The company is still pre-revenue (revenue is 0 across all reported years), with consistently negative profitability. Losses have been volatile and worsened again in 2025 (net loss of ~5.3M vs ~1.5M in 2023), and operating losses remain persistent, indicating the business has not yet reached a self-sustaining earnings profile. A positive is that reported losses did narrow materially from 2024 to 2025, but overall earnings quality remains weak given the lack of revenue and negative operating results.

Balance Sheet

The balance sheet is a relative strength: leverage is very low (debt-to-equity roughly 0.002 in 2025 and similarly low in 2024), which reduces solvency risk. However, equity has declined from 2024 to 2025 (about 11.2M to 8.2M), consistent with ongoing losses and cash burn, and returns on equity are strongly negative—highlighting dilution/erosion risk if losses persist.

Cash Flow

Cash generation is weak, with negative operating cash flow in most years (e.g., about -2.1M in 2025 and -1.5M in 2023) and consistently negative free cash flow (about -4.4M in 2025). The cash burn improved versus 2024, but the trend still indicates reliance on external funding to sustain operations. A partial positive is that free cash flow has generally been less negative than net income (free cash flow to net income above 1 in the years provided), suggesting non-cash charges contribute to accounting losses, but the absolute cash outflow remains a key risk.

Breakdown
Income Statement
Total Revenue
Gross Profit
EBITDA
Net Income
Balance Sheet
Total Assets
Cash, Cash Equivalents and Short-Term Investments
Total Debt
Total Liabilities
Stockholders Equity
Cash Flow
Free Cash Flow
Operating Cash Flow
Investing Cash Flow
Financing Cash Flow

Solis Minerals Ltd Registered Shs Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	―	―	―	―	―	―	―
CPO	57 Neutral	AU$12.69M	-2.62	-22.64%	―	―	79.93%
RRR	54 Neutral	AU$24.53M	-39.52	-2.15%	―	-81.33%	74.70%
SLM	46 Neutral	AU$10.50M	-0.74	―	―	―	―
TNC	43 Neutral	AU$76.19M	-0.20	-47.55%	―	―	―
NRX	42 Neutral	AU$8.18M	-2.13	-157.73%	―	―	6.15%

Solis Minerals Ltd Registered Shs Corporate Events

Solis Minerals Finalizes Cucho Due Diligence and Targets H1 2026 Drilling

The company completed due diligence on the Cucho Copper Project, validated its geologic potential through historical drilling and updated modeling, and advanced permitting to enable drilling in late H1 2026 while renegotiating milestone payments to better align with regulatory and operational milestones. These steps position Solis Minerals to capitalize on favorable copper prices by accelerating exploration toward a potential resource discovery, potentially strengthening its standing among Andean copper developers.

The most recent analyst rating on (AU:SLM) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Solis Minerals Ltd Registered Shs stock, see the AU:SLM Stock Forecast page.

Solis Minerals Reports Broad Copper-Gold Hits in Peru as Drilling Focus Shifts for 2026

Solis Minerals has completed drilling at its Ilo Este and Chancho al Palo projects in southern Peru, reporting broad intervals of anomalous copper-gold mineralisation consistent with a large porphyry system, including multiple significant copper and gold intercepts across several diamond drill holes. Management says the continuity and scale of mineralisation will be used to refine 3D geological models and guide future targeting, while the company now shifts its 2026 drilling focus to the more advanced Cinto and Cucho projects, aiming to leverage strong copper prices and its strengthened funding position to progress toward large-scale copper-gold resource discoveries.

The most recent analyst rating on (AU:SLM) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Solis Minerals Ltd Registered Shs stock, see the AU:SLM Stock Forecast page.

Solis Minerals Faces Extra Regulatory Step Before Drilling at Cinto Copper Project

Solis Minerals has provided an update on permitting for its 100%-owned Cinto Copper Project in Peru, confirming that its drilling permit (Ficha Técnica Ambiental) was granted on 4 December 2025 after completion and approval of archaeological, community and cultural studies. However, before drilling can commence, Peru’s Ministry of Energy and Mines has requested additional information relating to certain regional communities where public survey data is incomplete, and the company is now preparing and submitting this material while working cooperatively with the authorities, implying a modest delay to the start of drilling but continued regulatory progress for the project.

The most recent analyst rating on (AU:SLM) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Solis Minerals Ltd Registered Shs stock, see the AU:SLM Stock Forecast page.