Landore Resources (LND) AI Stock Analysis

• Market Cap: £10.21M
• Dividend Yield: N/A
• Average Volume (3M): 1.71M
• Price to Earnings (P/E): ―
• Beta (1Y): -0.14
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: UK
• Employees: 2
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): >-0.01
• Shares Outstanding: 371,422,500
• 10 Day Avg. Volume: 659,692
• 30 Day Avg. Volume: 1,712,087
• PEG Ratio: -0.07
• Price to Book (P/B): 2.95
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -2.26
• 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: 41 Neutral
• Price Target: 2.50p ▼(-30.56% Downside)

The score is weighed down primarily by weak financial performance (no revenue, sustained losses, and ongoing cash burn) and a bearish technical setup (price below all key moving averages with negative MACD). The lack of debt and improved equity provide some balance-sheet support, but valuation metrics are not meaningful due to negative earnings and there is no dividend yield data.

Positive Factors

Low leverage / no debt

Zero reported debt materially lowers fixed obligations and insolvency risk for a pre-revenue explorer. This durable balance-sheet strength provides financing flexibility and reduces near-term default risk, making capital raises or project financing easier over the coming months.

Improved equity position

A materially stronger equity base increases the company’s buffer against losses and supports continued exploration spending without immediate insolvency risk. This improvement signals successful capital raises or retained resources and reduces short-term refinancing pressure for several months.

Reduced cash burn vs earlier years

A meaningful reduction in cash burn versus prior peak years suggests management has tightened spending or optimized operations. If sustained, lower burn extends runway, reduces dilution risk from funding rounds, and supports ongoing exploration activity over a 2–6 month horizon.

Negative Factors

Pre-revenue operating model

A multi-year absence of revenue means the business cannot internally fund operations or capital needs. This structural characteristic forces persistent reliance on external financing and leaves project timelines and survival contingent on markets and investor appetite beyond the near term.

Persistent negative operating cash flow

Sustained negative operating and free cash flow erodes cash reserves and requires recurrent capital raises. For an exploration company this creates durable funding risk, potential dilution, and constrains the ability to advance projects without attracting new external capital.

Worsening net losses

Rising annual losses increase cumulative cash needs and indicate deteriorating profitability dynamics. This trend raises the probability of additional funding rounds, heightens investor dilution risk, and weakens returns on equity until a material change in operations or revenue generation occurs.

Landore Resources Business Overview & Revenue Model

Company Description

Landore Resources Limited, through its subsidiary, Landore Resources Canada Inc., acquires, explores for, and develops precious and base metal projects in Eastern Canada. It explores for nickel, copper, iron, cobalt, platinum, palladium, gold, and lithium deposits. The company holds 100% interest in Junior Lake property, which include 6 leases and 1,318 staked mining claims that cover an area of approximately 33,029 hectares located in the province of Ontario, Canada; Miminiska Lake property comprises 28 patented and 23 staked claims in southern block, and 570 staked claims in the northern block covering an area of approximately 5,494 hectares. It also owns interests in Frond Lake property comprising 24 patented claims; Wottam property, which include 255 claims; and Lessard property consisting of 109 mining claims covering an area of approximately 2,168 hectares, as well as Swole Lake and West Graham properties. The company was incorporated in 2005 and is based in Saint Sampson, Guernsey.

How the Company Makes Money

Landore Resources Financial Statement Overview

Summary

Income statement and cash flow are very weak, with no revenue reported (2020–2024), persistent losses, and negative operating/free cash flow each year (2024 operating cash flow -2.69M). The main offsetting positive is a debt-free balance sheet and improved equity in 2024, but the business remains reliant on external funding until revenues and cash generation improve.

Income Statement

The company reports no revenue across 2020–2024, while losses remain persistent and sizable. Net income was deeply negative in 2024 (-2.52M) versus 2023 (-1.50M), indicating worsening profitability year over year. With negative gross profit and ongoing operating losses (EBIT and EBITDA both negative each year), the income statement reflects an early-stage or non-producing profile with limited visibility to self-sustaining earnings.

Balance Sheet

Leverage appears low with total debt reported at 0 across all periods, which reduces balance-sheet risk. However, equity has been volatile—improving to 2.06M in 2024 from a very low base in 2023 (0.13M)—and returns on equity are consistently negative due to ongoing losses (2024 return on equity around -1.22). Total assets increased to 2.35M in 2024, but the balance sheet ultimately depends on continued funding until profitability improves.

Cash Flow

Cash generation is weak: operating cash flow and free cash flow are negative every year, including 2024 operating cash flow of -2.69M. Cash burn improved meaningfully versus 2021 (when operating cash flow was -4.20M), but it deteriorated again from 2023 to 2024. Free cash flow roughly tracks net losses (free cash flow to net income ~1.0), suggesting limited non-cash offsets and continued reliance on external capital to fund operations.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	-3.82K	-10.33K	-13.35K	-17.32K	-11.63K	-8.63K
EBITDA	-2.70M	-2.51M	-1.48M	-1.84M	-3.98M	-2.54M
Net Income	-2.70M	-2.52M	-1.50M	-427.39K	-3.40M	-2.40M
Balance Sheet
Total Assets	1.17M	2.35M	1.00M	1.58M	1.32M	1.22M
Cash, Cash Equivalents and Short-Term Investments	578.61K	2.10M	564.68K	1.24M	875.66K	1.05M
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00
Total Liabilities	197.69K	303.70K	877.53K	520.28K	179.68K	443.88K
Stockholders Equity	982.36K	2.06M	132.59K	1.07M	1.14M	776.02K
Cash Flow
Free Cash Flow	-1.74M	-2.69M	-1.26M	-1.40M	-4.27M	-2.19M
Operating Cash Flow	-3.38M	-2.69M	-1.26M	-1.40M	-4.20M	-2.19M
Investing Cash Flow	-150.06K	-81.91K	60.04K	0.00	-69.09K	0.00
Financing Cash Flow	2.04M	4.34M	559.00K	1.75M	4.08M	3.14M

Landore Resources Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
POW	58 Neutral	£18.19M	―	―	―	―	―
KDNC	53 Neutral	£14.94M	-6.52	-9.95%	―	―	―
GLR	48 Neutral	£12.44M	-8.18	13.10%	―	―	―
CRTM	46 Neutral	£14.25M	-0.36	-481.01%	―	―	-0.59%
RMR	44 Neutral	£17.84M	-3.57	-61.42%	―	―	―
LND	41 Neutral	£10.21M	-3.44	-218.13%	―	―	―

Landore Resources Corporate Events

Landore Updates BAM Gold Resource, Shares Resume Trading on AIM

Landore Resources has released updated independent mineral resource estimates for the BAM Gold Project and the adjacent B-47 and VW base metal deposits on its Junior Lake Property, prompting the restoration of trading in its shares on AIM. The new CIM-compliant estimate for BAM, prepared by SLR Consulting within an optimised pit shell at a long-term gold price of US$3,000/oz, outlines 622,300 ounces of gold in the Indicated category and 33,700 ounces in Inferred, representing a substantial reduction from the 2022 pit-constrained figures due to tighter geological modelling, revised sampling data, and higher operating cost assumptions, despite a higher gold price. Management argues that the updated work significantly de-risks and better defines the orebody, bringing the project more in line with comparable Ontario gold deposits and providing what it sees as a more realistic platform for future growth, while also underscoring the potential value of the nearby critical minerals deposits in an environment of strong gold prices and heightened interest in strategic metals.

The most recent analyst rating on (GB:LND) stock is a Hold with a £3.50 price target. To see the full list of analyst forecasts on Landore Resources stock, see the GB:LND Stock Forecast page.

Landore Resources Nears Completion of Updated Mineral Resource Estimates as AIM Trading Remains Suspended

Landore Resources has announced that work to finalise updated Mineral Resource Estimates for its BAM Gold Project and the B4-7 and VW deposits is close to completion, with publication expected by the end of the week. Trading in the company’s ordinary shares on AIM will remain suspended until the updated resource figures are released, leaving investors awaiting new data that could influence the perceived value and development trajectory of Landore’s key projects.

The most recent analyst rating on (GB:LND) stock is a Hold with a £3.50 price target. To see the full list of analyst forecasts on Landore Resources stock, see the GB:LND Stock Forecast page.

Landore Resources Extends AIM Share Suspension Pending Updated Resource Estimate

Landore Resources has announced that finalisation of the updated Mineral Resource Estimate for its flagship BAM Gold Project and the B4-7 and VW deposits is ongoing, with publication now expected in mid-January. Trading in the company’s ordinary shares on AIM will remain suspended until the new resource estimate is released, prolonging uncertainty for investors but signalling that the forthcoming update will be a key catalyst for reassessing the value and development trajectory of its Canadian gold and base metals assets.

Landore Resources Suspends AIM Trading Pending BAM Gold Project Update

Landore Resources Limited has temporarily suspended trading of its ordinary shares on AIM at its own request. This suspension is pending the release of an updated Mineral Resource Estimate for its BAM Gold Project in Canada, which is expected soon. This announcement is significant as it could impact the company’s valuation and market positioning, particularly given the strategic importance of the BAM Gold Project in Ontario, a major gold-producing region.

Landore Resources Boosts Financial Position with Miminiska Project Sale

Landore Resources Limited announced that Storm Exploration Inc. has entered into an agreement to sell the Miminiska Project to European Electric Metals Inc. for C$5.8 million. Landore will receive C$1.3 million in cash from Storm, enhancing its financial position as it moves into 2026. This transaction underscores the quality of Landore’s asset portfolio and provides a strong platform for future operations.

Landore Resources Completes Strategic Amalgamation to Enhance Exploration

Landore Resources Limited has completed a corporate reorganization, merging its subsidiary Landore Resources Canada Inc. with its majority-owned Lamaune Iron Inc. This amalgamation consolidates assets at the Junior Lake Property, enhancing operational efficiency and exploration potential. The transaction, approved by shareholders, involves a cash payout to public holders of Lamaune’s shares, streamlining Landore’s corporate structure and bolstering its gold inventory, particularly with the Lamaune Gold prospect.