Arctic Minerals AB (ARCT) AI Stock Analysis

• Market Cap: kr322.14M
• Dividend Yield: N/A
• Average Volume (3M): 35.96K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.65
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: SE
• Employees: 1
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): -0.21
• Shares Outstanding: 47,028,175
• 10 Day Avg. Volume: 21,303
• 30 Day Avg. Volume: 35,964
• PEG Ratio: >-0.01
• Price to Book (P/B): 3.44
• Price to Sales (P/S): 23532.42
• P/FCF Ratio: -78.08
• 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: 50 Neutral
• Price Target: kr12.00 ▲(137.62% Upside)

The score is held down primarily by weak financial performance (persistent losses and ongoing cash burn) and limited valuation support (negative P/E and no dividend yield). Technicals provide a partial offset due to strong price momentum above key moving averages, though overbought readings add near-term risk.

Positive Factors

Conservative balance sheet

Zero reported debt and equity (~102.7M vs assets 111.3M) materially reduce solvency and refinancing risk for an exploration firm. This structural flexibility supports multi-year exploration programs and potential M&A or farm‑out options without immediate liquidity pressure.

Strategic commodity focus

Focusing on battery and industrial minerals aligns the company with durable secular demand from electrification and clean‑energy supply chains. Sitting in the Nordic region also reduces geopolitical/regulatory risk and can attract strategic partners seeking stable jurisdictions for critical minerals.

Improving cash burn trend

A material reduction in operating cash outflows signals better cost control or program prioritization, extending runway without immediate capital raises. If sustained, this trend improves prospects for progressing projects toward value‑creating milestones before additional funding is required.

Negative Factors

Persistent negative cash flow

Consistent negative operating and free cash flow is a structural constraint for an explorer without commercial production. It makes the company reliant on external financing, limits reinvestment capacity, and raises long‑term dilution and viability risks absent a financing strategy or discovery.

Negligible and volatile revenue

Minimal, inconsistent revenue reflects early‑stage exploration status and no commercial cash generation. This structural lack of operating revenue prevents internal funding of development, compresses margins, and leaves the company exposed until projects reach monetizable stages.

Reliance on external funding

Ongoing dependence on capital markets or equity funding creates persistent dilution risk and makes project timelines vulnerable to funding cycles. For an explorer, this structural reliance can delay or scale back work programs if capital conditions tighten or investor appetite wanes.

Arctic Minerals AB Business Overview & Revenue Model

Company Description

Arctic Minerals AB (publ), through its subsidiaries, engages in the exploration and mining of mineral projects in Norway and Sweden. It explores for gold, copper, and zinc deposits, as well as battery metals. The company holds 100% interest in the Bidjovagge gold-copper project that covers a total of 9 extraction permits totaling 7.16 square kilometers at Bidjovagge, as well as 1 exploration permit covering 1 square kilometer located in Finnmark, Northern Norway. It also holds interests in the Nutukka exploration reservation covering 366 square kilometers located towards the eastern end of the Central Lapland Greenstone Belt of northern Finland. The company was formerly known as Arctic Gold AB (publ) and changed its name to Arctic Minerals AB (publ) in December 2017. Arctic Minerals AB (publ) was incorporated in 1999 and is based in Östersund, Sweden.

How the Company Makes Money

Arctic Minerals AB Financial Statement Overview

Summary

Income Statement

Balance Sheet

Cash Flow

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	366.00K	15.00K	7.00K	0.00	118.00K	139.00K
Gross Profit	-10.97M	-5.92M	-2.19K	-121.00K	21.00K	-13.14M
EBITDA	-4.14M	-5.84M	-11.16M	-18.74M	-15.74M	-21.04M
Net Income	-12.49M	-5.84M	-11.28K	-18.86M	-15.87M	-21.04M
Balance Sheet
Total Assets	120.22M	111.28M	57.40M	60.73M	72.16M	57.37M
Cash, Cash Equivalents and Short-Term Investments	19.17M	13.02M	4.61M	5.39M	17.95M	2.14M
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00
Total Liabilities	8.58M	8.55M	8.72M	8.61M	6.13M	12.33M
Stockholders Equity	111.64M	102.73M	48.68M	52.12M	66.03M	45.04M
Cash Flow
Free Cash Flow	-15.10M	-4.52M	-10.13M	-17.54M	-11.99M	-9.87M
Operating Cash Flow	-14.12M	-4.52M	-10.13M	-15.48M	-11.63M	-5.50M
Investing Cash Flow	-979.00K	-979.00K	0.00	-2.06M	-529.00K	-4.37M
Financing Cash Flow	31.50M	13.91M	9.19M	4.99M	28.07M	0.00

Arctic Minerals AB Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BOTX	65 Neutral	kr528.43M	8.77	―	―	―	―
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
ARCT	50 Neutral	kr322.14M	-25.68	-15.76%	―	―	―