Azincourt Uranium (AAZ) AI Stock Analysis

• Market Cap: C$8.00M
• Dividend Yield: N/A
• Average Volume (3M): 259.67K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.06
• Revenue Growth: N/A
• EPS Growth: 13.64%
• Country: CA
• Employees: N/A
• Sector: Energy
• Sector Strength: 52
• Industry: Uranium
• EPS (TTM): N/A
• Shares Outstanding: 106,679,660
• 10 Day Avg. Volume: 351,439
• 30 Day Avg. Volume: 259,666
• PEG Ratio: 0.32
• Price to Book (P/B): 1.49
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -3.43
• 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: C$0.07 ▲(23.33% Upside)

The score is weighed down primarily by weak operating fundamentals (no revenue, ongoing losses and negative free cash flow) despite improved burn rates, with balance-sheet strength (no debt) providing partial support. Technical signals are mildly positive in the short term but remain below key longer-term averages, and valuation is constrained by negative earnings and no dividend.

Positive Factors

Debt-Free Balance Sheet

A consistently debt-free balance sheet materially reduces financial risk for an exploration-stage company, improving flexibility to structure option/JV deals or equity raises without fixed interest burdens. This supports long-term project funding optionality and lowers bankruptcy risk.

Improving Cash Burn

Material reduction in annual cash burn indicates management has meaningfully cut exploration costs or focused expenditures, extending runway. Sustained lower burn increases the odds of reaching deal-based monetization (JV/option) before additional large equity raises are required.

Clear Exploration Monetization Pathway

The company's business model follows standard, durable junior-explorer pathways—value creation through staged exploration and realization via asset sales, JV earn-ins, or advancement to development. These structural exit routes align incentives with partners and reduce reliance on near-term commodity sales.

Negative Factors

No Revenue, Persistent Losses

Absence of operating revenue and recurring net losses mean the company lacks internally generated cash to fund exploration. Over the medium term this necessitates continual external funding, limits reinvestment capacity, and makes long-term sustainability contingent on capital markets or partner deals.

Eroding Equity Base

A halving of shareholders' equity over a multi-year period reflects cumulative losses and/or dilution, leaving a thinner capital buffer. This reduces financial resilience, increases the likelihood of future dilutive financing for exploration, and weakens bargaining power in partner negotiations.

Limited In-House Capacity

Having no recorded employees implies reliance on contractors, consultants, or partners to execute exploration programs. While common in juniors, it heightens execution and oversight risk for multi-stage programs, potentially slowing progress and complicating project continuity over the medium term.

Azincourt Uranium Business Overview & Revenue Model

Company Description

Azincourt Energy Corp., an exploration and development company, focuses on the alternative fuels/alternative energy sector in Canada and Peru. It explores for uranium and lithium deposits, as well as other clean energy elements. The company has an option to acquire a 70% interest in the East Preston project located in Saskatchewan; and 100% interest in the ELC project located in Peru. It also has an option agreement with ValOre Metals Corp. to acquire a 75% interest in the Hatchet Lake uranium project consisting of 6 mineral claims located in Saskatchewan, Canada. The company was formerly known as Azincourt Uranium Inc. and changed its name to Azincourt Energy Corp. in October 2017. Azincourt Energy Corp. was incorporated in 2011 and is headquartered in Vancouver, Canada.

How the Company Makes Money

Azincourt Uranium generates revenue primarily through the exploration and development of uranium properties, with the goal of selling or partnering these assets with larger mining companies. The company's revenue model includes the acquisition of promising uranium-rich sites, followed by exploration activities to establish the extent and feasibility of mining operations. Once a site is deemed commercially viable, Azincourt may sell the property, enter into joint ventures, or license the mining rights to larger entities capable of full-scale mining and production. These partnerships and transactions are crucial for generating income and are supported by fluctuations in uranium market prices and demand for nuclear energy.

Azincourt Uranium Financial Statement Overview

Summary

Exploration-stage profile with no revenue and recurring losses/negative free cash flow, though losses and cash burn have improved materially versus 2022–2023. Balance sheet strength is a key offset (zero debt), but equity and assets have trended down, indicating ongoing funding/dilution risk.

Income Statement

The company reports no revenue across all provided annual periods (2020–2025), consistent with an exploration-stage profile. Losses remain persistent, but the magnitude has improved materially versus the 2022–2023 peak (net loss improved from about -$9.6M in 2022 and -$7.2M in 2023 to about -$2.6M in 2024 and -$3.2M in 2025). While the lower burn is a positive trajectory, the absence of revenue and ongoing negative operating results keep income-statement quality weak.

Balance Sheet

The balance sheet is conservatively financed with zero total debt in every period provided, which meaningfully reduces financial risk. However, equity has declined over time (from ~$14.3M in 2022 to ~$6.5M in 2025), reflecting cumulative losses and/or capital structure changes. Total assets also stepped down over the period, and returns on equity are consistently negative, indicating the asset/equity base is not yet translating into profitability.

Cash Flow

Cash generation is consistently negative, with operating cash flow and free cash flow below zero each year—typical for an exploration company but still a clear funding dependency. There is improvement in cash burn versus 2022–2023 (free cash flow improved from about -$8.8M in 2022 and -$7.6M in 2023 to about -$2.7M to -$2.8M in 2024–2025), and the cash-flow profile broadly tracks reported losses. Despite the better recent run-rate, the business remains reliant on external financing until revenue-producing operations emerge.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	-25.27K	0.00	-48.57K	-130.66K	-427.90K	0.00
EBITDA	-2.60M	-3.18M	-2.28M	-7.01M	-7.97M	-3.36M
Net Income	-3.18M	-3.18M	-2.57M	-7.15M	-9.65M	-3.36M
Balance Sheet
Total Assets	6.82M	6.82M	7.14M	8.16M	14.50M	14.86M
Cash, Cash Equivalents and Short-Term Investments	817.63K	817.63K	2.10M	3.47M	9.97M	10.48M
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00
Total Liabilities	341.08K	341.08K	391.79K	313.94K	181.34K	1.28M
Stockholders Equity	6.48M	6.48M	6.75M	7.85M	14.32M	13.58M
Cash Flow
Free Cash Flow	-2.81M	-2.81M	-2.72M	-7.59M	-8.75M	-3.38M
Operating Cash Flow	-2.66M	-2.66M	-2.69M	-7.49M	-8.55M	-3.09M
Investing Cash Flow	22.03K	22.03K	214.91K	2.90M	-3.21M	-291.17K
Financing Cash Flow	1.58M	1.58M	1.48M	493.95K	8.25M	13.14M

Azincourt Uranium Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.06
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:AAZ, the sentiment is Positive. The current price of 0.06 is below the 20-day moving average (MA) of 0.06, below the 50-day MA of 0.08, and below the 200-day MA of 0.12, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 59.05 is Neutral, neither overbought nor oversold. The STOCH value of 70.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:AAZ.

Azincourt Uranium Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
STND	52 Neutral	C$16.91M	-3.86	-12.30%	―	―	70.21%
AAZ	46 Neutral	C$8.00M	-1.48	-39.69%	―	―	13.64%
BSK	45 Neutral	C$32.57M	-3.81	―	―	―	-48.12%
EATH	30 Underperform	C$26.40M	-4.28	-161.34%	―	―	-1202.31%

Azincourt Uranium Corporate Events

Azincourt Confirms High-Grade Uranium and Expands Footprint at Harrier Project

Azincourt Energy has reported assay results from its 2025 summer prospecting program at the Harrier Uranium Project, confirming high-grade uranium mineralization across multiple zones, including the Snegamook Uranium Deposit, Moran Heights, Brook, and newly identified showings. Sampling returned grades as high as 6.28% U3O8 at the Brook showing and 2.27% U3O8 at Moran Heights, while re-sampling at Snegamook validated historic drilling with upgraded intervals and highlighted potential higher-grade lenses. Two new uranium showings at Boiteau Lake North Extension and Anomaly 7 East expand the project’s mineralized footprint, reinforcing its district-scale potential. Azincourt will prioritize the Snegamook deposit for a 2026 drill campaign, seeking to follow up historical intersections of 20–50 metre-wide uranium-bearing zones in a geological setting comparable to nearby established deposits, which could significantly enhance the project’s resource base and strategic value within the Central Mineral Belt uranium district.

Azincourt Energy Raises $1.03 Million and Consolidates Shares to Advance Exploration Projects

Azincourt Energy has closed a non-brokered private placement under the Listed Issuer Financing Exemption, raising gross proceeds of $1.03 million through the issuance of 20.62 million post-consolidation units, each comprising one common share and one warrant exercisable at $0.07 until December 23, 2028. The financing, which included finder’s fees and finder’s warrants and was conducted without a Canadian hold period under the LIFE regime, will bolster general working capital and fund exploration at the Harrier Project, while the concurrent six-for-one share consolidation is expected to streamline the company’s capital structure as it pursues its critical minerals exploration strategy in key Canadian mining jurisdictions.

Azincourt Energy Sets December 23 Effective Date for Six-for-One Share Consolidation

Azincourt Energy will implement a six-for-one share consolidation effective December 23, 2025, following approval from the TSX Venture Exchange, with its shares trading on a post-consolidation basis under the unchanged ticker symbol AAZ and approximately 86 million common shares outstanding. The consolidation will eliminate fractional shares through rounding, require registered shareholders to exchange existing certificates or DRS statements via the company’s transfer agent, and proportionately adjust all convertible securities, signalling a capital structure tightening that may influence the stock’s trading dynamics and investor perception of the company’s positioning in the critical minerals and clean energy sector.

Azincourt Energy Announces Private Placement Amendments and Share Consolidation

Azincourt Energy Corp. has announced amendments to its private placement under the Listed Issuer Financing Exemption, involving a non-brokered offering of up to 30 million units at $0.05 per unit, aiming to raise between $750,000 and $1.5 million. The company also plans a one-for-six share consolidation, reducing its outstanding shares to approximately 86 million, pending TSX Venture Exchange approval. These strategic financial maneuvers are expected to enhance Azincourt’s market positioning and operational capacity.

Azincourt Energy Announces Private Placement and Share Consolidation

Azincourt Energy Corp. has announced a non-brokered private placement under the Listed Issuer Financing Exemption, aiming to raise between $750,000 and $1,500,000 through the sale of up to 30,000,000 units. Each unit includes a common share and a warrant, with proceeds intended for general working capital and exploration activities at the Harrier Project. Additionally, the company plans a one-for-four share consolidation, reducing its outstanding shares to approximately 129 million, pending TSX Venture Exchange approval. These moves are expected to bolster Azincourt’s financial position and support its exploration initiatives.

Azincourt Energy Acquires Stake in Nuclea Energy to Expand Nuclear Technology Portfolio

Azincourt Energy Corp. has acquired an interest in Nuclea Energy Inc., a Canadian company developing advanced small modular reactor (SMR) and micro-modular reactor (MMR) technologies. This acquisition marks Azincourt’s first direct involvement in the downstream nuclear-technology sector, aligning with its strategy to participate across the nuclear energy value chain. Nuclea’s Morpheus reactor, capable of generating 4 to 50 MW of clean power, is designed for off-grid and energy-intensive environments. This move is expected to strengthen Azincourt’s position in the clean-energy sector by leveraging Nuclea’s innovative reactor technologies.

Azincourt Energy Completes C$1 Million Private Placement to Advance Harrier Project

Azincourt Energy Corp. has successfully completed a non-brokered private placement, raising C$1,000,000 through the issuance of 40,000,000 flow-through units. The proceeds will be directed towards the exploration and development of the Harrier Project in Newfoundland and Labrador. This strategic financial move is expected to bolster Azincourt’s operational capabilities in the region and enhance its positioning within the alternative energy sector. The offering aligns with the company’s focus on critical clean energy elements and is anticipated to have significant implications for stakeholders, particularly in advancing the company’s exploration activities.

Azincourt Energy Advances Drilling at Snegamook and Harrier Projects

Azincourt Energy Corp. has announced plans to advance its drilling program at the Snegamook Uranium Deposit and the Greater Harrier Uranium Project. The upcoming 2,000-meter diamond drilling program aims to confirm and expand the known uranium mineralization at Snegamook and explore new targets identified at Boiteau Lake and east of Anomaly 7. This initiative is part of Azincourt’s strategy to update the resource estimate for Snegamook and capitalize on the underexplored potential of the Harrier Project, which is strategically positioned near other significant uranium deposits.