Adamera Minerals (ADZ) AI Stock Analysis

• Market Cap: C$3.06M
• Dividend Yield: N/A
• Average Volume (3M): 27.76K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.87
• Revenue Growth: N/A
• EPS Growth: -58.05%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Other Precious Metals
• EPS (TTM): >-0.01
• Shares Outstanding: 36,031,570
• 10 Day Avg. Volume: 18,525
• 30 Day Avg. Volume: 27,762
• PEG Ratio: -0.01
• Price to Book (P/B): 0.76
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -4.23
• 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: 47 Neutral
• Price Target: C$0.08 ▲(31.67% Upside)

The score is held down primarily by weak financial performance (no revenue, ongoing losses, and accelerating cash burn despite low debt). Technicals are supportive due to a clear uptrend, but overbought momentum raises pullback risk. Valuation offers limited support given a negative P/E and no dividend.

Positive Factors

Low Leverage / Conservative Balance Sheet

Near-zero debt reduces fixed financial obligations for an exploration company, preserving flexibility to pace programs or restructure financing. Low leverage lowers default risk and gives management optionality to stage exploration spending or negotiate JV terms without heavy interest burden.

Flexible Monetization Paths

Adamera’s business model centers on creating asset value then monetizing via sales, options or JVs, which is a capital-light path to realize upside. This structural flexibility can attract partners to fund advancement and reduces the need to self-finance a costly mine build.

Early-stage Exploration Focus / Upside Optionality

Concentration on early-stage discovery work provides high upside optionality: successful drilling or target definition can materially increase asset value and enable attractive JV or sale outcomes. This creates structural potential for step-change returns if exploration is successful.

Negative Factors

No Revenue / Persistent Losses

The absence of revenue and repeated operating/net losses means no internal cash generation to fund operations. Over time this erodes equity, forces continual external financing or asset monetization, and constrains the company’s ability to scale exploration without dilution.

Negative Operating & Free Cash Flow / Rising Cash Burn

Persistent negative operating and free cash flow, with worsening TTM burn, creates structural financing risk. Continued cash consumption forces more frequent capital raises, increases dilution risk, and limits the company’s ability to sustain or scale exploration programs absent partner funding.

Declining Equity and Negative ROE

Falling equity and materially negative ROE indicate ongoing value erosion from losses and/or write-downs. This weakens the balance sheet, reduces financial resilience, narrows funding options, and can erode bargaining power in JV or sale negotiations over the medium term.

Adamera Minerals Business Overview & Revenue Model

Company Description

Adamera Minerals Corp., an exploration stage company, acquires and explores for precious metals. It primarily explores for silver, gold, copper, lead, and zinc deposits. The company owns interests in the Cooke Mountain, Empire Creek, Flag Hill, Buckhorn, and Talisman properties located in Washington, the United States. Adamera Minerals Corp. was incorporated in 2013 and is headquartered in Vancouver, Canada.

How the Company Makes Money

Adamera Minerals primarily generates revenue through the discovery, exploration, and potential sale or development of mineral properties, particularly gold. The company's revenue model is centered around increasing the value of its mineral assets through exploration success, which may attract investment or lead to joint ventures and strategic partnerships. Adamera might also earn income through the sale of mineral rights, royalties, or by entering into agreements with larger mining companies to develop its properties. The company's earnings are significantly influenced by factors such as exploration results, gold market prices, and the successful negotiation of partnerships or property sales.

Adamera Minerals Financial Statement Overview

Summary

Financial statement quality is very weak: no revenue, recurring operating/net losses, and persistent negative operating and free cash flow with worsening TTM cash burn. The main offset is low/near-zero debt, but equity has been declining and negative ROE signals ongoing value erosion and continued funding/dilution risk.

Income Statement

Across annual periods and TTM (Trailing-Twelve-Months), the company reports no revenue and consistently negative profitability, with sizable operating losses and net losses. Losses widened materially in TTM versus 2024 annual, indicating weaker cost discipline and/or higher spending. A positive note is that reported losses fluctuate (not strictly deteriorating every year), but the absence of revenue and recurring losses keep the income statement quality very weak.

Balance Sheet

The balance sheet is relatively conservative on leverage: total debt is low (and effectively near-zero in TTM), and debt levels have trended down from prior years. However, equity has declined from 2021–2023 to 2024 and further in TTM, and returns on equity are meaningfully negative in 2024 and TTM—consistent with ongoing losses and value erosion. Overall: low debt helps, but shrinking equity and negative returns are key weaknesses.

Cash Flow

Cash generation is weak: operating cash flow and free cash flow are negative in every period shown, including TTM (Trailing-Twelve-Months). Free cash flow worsened sharply in TTM versus 2024 annual (with a large negative growth rate), signaling higher cash burn. While free cash flow can appear better than net income at times (losses are partly non-cash), the business still consumes cash, which raises financing risk if sustained.

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	-13.26K	-14.50K	-118.00	-14.77K	-14.98K	-14.19K
EBITDA	-3.00M	-3.11M	-1.33M	-1.03M	-469.23K	-178.53K
Net Income	-3.02M	-3.15M	-1.39K	-1.10M	-560.71K	-224.65K
Balance Sheet
Total Assets	6.00M	6.72M	8.72M	9.35M	9.45M	7.95M
Cash, Cash Equivalents and Short-Term Investments	53.58K	602.81K	335.45K	794.02K	1.95M	644.67K
Total Debt	0.00	199.92K	522.89K	786.78K	1.03M	1.26M
Total Liabilities	466.69K	778.33K	1.02M	1.15M	1.52M	1.70M
Stockholders Equity	5.53M	5.94M	7.70M	8.20M	7.92M	6.24M
Cash Flow
Free Cash Flow	-1.35M	-1.07M	-1.33M	-2.38M	-1.15M	-1.04M
Operating Cash Flow	-826.49K	-642.59K	-568.02K	-698.28K	-697.05K	-713.09K
Investing Cash Flow	-468.19K	-328.44K	-736.01K	-1.68M	-427.76K	-332.96K
Financing Cash Flow	1.00M	1.31M	865.45K	1.31M	2.25M	1.53M

Adamera Minerals Technical Analysis

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

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:ADZ, the sentiment is Positive. The current price of 0.06 is below the 20-day moving average (MA) of 0.07, below the 50-day MA of 0.07, and below the 200-day MA of 0.07, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 53.66 is Neutral, neither overbought nor oversold. The STOCH value of 27.31 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:ADZ.

Adamera Minerals 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%
ETF	52 Neutral	C$4.00M	-8.23	-29.79%	―	―	-47.06%
ADZ	47 Neutral	C$3.06M	-0.83	-46.57%	―	―	-58.05%
MMN	46 Neutral	C$3.80M	-5.56	―	―	―	―
ADD	45 Neutral	C$2.39M	-3.13	-10.20%	―	―	5.88%
GMC	25 Underperform	C$3.48M	-0.68	―	―	―	-57.72%

Adamera Minerals Corporate Events

Adamera Minerals Raises $1 Million in Hard Dollar Private Placement

Adamera Minerals has closed the hard dollar portion of a previously announced private placement, raising $1,001,000 through the sale of 18.2 million units at $0.055 per unit, in addition to $253,500 raised in a flow-through financing in December 2025. Each unit includes one common share and a three-year warrant exercisable at $0.12, with an accelerated expiry provision tied to the company’s share price performance, and all securities are subject to a four-month hold ending May 31, 2026; the company paid no finder’s fees and disclosed that two directors participated in the financing under related-party rules, relying on exemptions from formal valuation and minority approval requirements because the transaction size fell below 25% of its market capitalization.

The most recent analyst rating on (TSE:ADZ) stock is a Sell with a C$0.08 price target. To see the full list of analyst forecasts on Adamera Minerals stock, see the TSE:ADZ Stock Forecast page.

Adamera Minerals Shifts to Multi-Target Drilling Phase in B.C. and Washington

Adamera Minerals has outlined plans for 2026 to move from low-cost target generation to an aggressive drilling phase, aiming to finalize permits and drill at least five gold-silver-copper targets across its projects in British Columbia and Washington State. The company reports multiple drill-ready prospects at its Buckhorn 2.0, South Hedley, Flag Hill/Flag Hill South, Empire Creek and Talisman properties, all located in historic mining districts with good infrastructure and, in Washington, proximity to an underutilized Kinross processing facility. Management emphasizes that its tight share structure, modest market capitalization and diversified mix of precious and critical metal targets offer investors leveraged exposure to potential discoveries as these well-defined targets advance to drilling.

The most recent analyst rating on (TSE:ADZ) stock is a Sell with a C$0.05 price target. To see the full list of analyst forecasts on Adamera Minerals stock, see the TSE:ADZ Stock Forecast page.

Adamera Minerals Raises $253,500 in Flow-Through Financing for South Hedley Exploration

Adamera Minerals has closed the flow-through portion of its previously announced private placement, raising $253,500 through the issuance of 3,900,001 flow-through units priced at $0.065 each, with attached warrants exercisable at $0.12 for two years and subject to an accelerated expiry provision. The proceeds will fund qualifying Canadian exploration expenditures on newly identified gold, copper and zinc prospects at the South Hedley Project in southern British Columbia, potentially benefiting from a 30% Critical Mineral Exploration Tax Credit, while insider participation triggered related-party rules but remained below thresholds requiring formal valuation or minority approval; the company plans to close the non-flow-through component of the financing in early 2026, supporting its ongoing exploration and project advancement.

The most recent analyst rating on (TSE:ADZ) stock is a Hold with a C$0.06 price target. To see the full list of analyst forecasts on Adamera Minerals stock, see the TSE:ADZ Stock Forecast page.

Adamera Minerals Reprices Private Placement to Boost Exploration

Adamera Minerals Corp. has announced a repricing of its private placement to raise up to $724,000. The financing will be used for working capital and exploration drilling on gold projects in Washington State, as well as exploration expenditures on new gold, copper, and zinc prospects in British Columbia. This move could enhance Adamera’s operational capabilities and strengthen its position in the mineral exploration industry.

Adamera Minerals Unveils Promising Copper-Gold Anomalies at South Hedley Project

Adamera Minerals Corp. announced promising results from its recent soil sampling program at the South Hedley Project in British Columbia. The findings revealed significant expansions of gold and copper anomalies, suggesting a potential new exploration target. The identification of a structural window and the presence of hydrothermal alteration indicate a possible underlying mineralized zone, enhancing the project’s exploration potential and positioning Adamera favorably for future developments.

Adamera Minerals Unveils Promising Tungsten Discovery at Talisman Property

Adamera Minerals Corp. has announced a significant new occurrence of tungsten mineralization at its Talisman Property in Washington State. The discovery of high tungsten values in rock samples suggests a potentially larger tungsten-bearing system, enhancing the project’s scale and importance. The company plans to conduct detailed 3-D modeling to refine exploration targets and prepare for potential drilling, which could substantially impact its operations and industry positioning.

Adamera Minerals Initiates Field Program at South Hedley Project

Adamera Minerals Corp. has commenced a field program at its South Hedley Gold-Copper Project in British Columbia, aiming to expand and refine the Max and Glix prospects. The program, which includes geochemical and geophysical methods, is expected to be completed by mid-December, followed by a drill application. The Max prospect has shown a strong gold-in-soil anomaly, while the Glix prospect has revealed a coherent gold-in-soil anomaly with significant zinc and arsenic. These developments indicate rapid progress towards drill readiness, potentially enhancing Adamera’s position in the mineral exploration industry.