Abacus Mining & Exploration (AME) AI Stock Analysis

• Market Cap: C$6.90M
• Dividend Yield: N/A
• Average Volume (3M): 65.77K
• Price to Earnings (P/E): ―
• Beta (1Y): -2.77
• Revenue Growth: N/A
• EPS Growth: 6.36%
• Country: CA
• Employees: 8
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): >-0.01
• Shares Outstanding: 172,606,260
• 10 Day Avg. Volume: 17,610
• 30 Day Avg. Volume: 65,766
• PEG Ratio: >-0.01
• Price to Book (P/B): -0.14
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -10.14
• 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: 43 Neutral
• Price Target: C$0.03 ▲(45.00% Upside)

The score is weighed down primarily by very weak financial performance (pre-revenue profile, widening losses, negative equity, rising debt, and continued cash burn). Technicals are a partial offset with price above major moving averages and a positive MACD, but the extremely overbought RSI raises near-term risk. Valuation is also constrained by a negative P/E and no dividend data.

Positive Factors

Incremental financing

A completed $300k private placement demonstrates continued access to capital markets and provides near-term liquidity to fund exploration and corporate overhead. For an exploration firm, the ability to secure financing, even modestly, is a durable operational enabler while projects are advanced.

Improved cash discipline

Free cash flow burn materially lower than the 2020–2021 peak indicates management has reduced activity or controlled costs. Sustained cost discipline lengthens runway between financings, lowering dilution risk and improving chances to complete critical exploration milestones without aggressive new raises.

Partnership-friendly business model

As an exploration developer, the company can de-risk projects by forming joint ventures or farm-outs with operators. This structural option reduces capital intensity, transfers construction risk, and can accelerate asset advancement without requiring the company to fund full development, strengthening strategic flexibility.

Negative Factors

No revenue and widening losses

The company remains pre-revenue with losses widening to about -$4.4M TTM from -$1.7M in 2023. Persistent negative operating results limit internal funding capacity, increase reliance on external capital, and raise execution risk for multi-year exploration programs absent material operational progress.

Negative equity and stressed capital structure

Negative equity of roughly -$26.2M and rising debt (~$34.3M) against about $8.4M of assets signal a highly strained balance sheet. This reduces borrowing capacity, increases insolvency risk, and can deter partner investment or favorable JV terms, impairing the firm’s ability to fund large project steps.

Ongoing cash burn and financing dependency

Consistent negative operating and free cash flow requires recurrent external financing to sustain operations and exploration programs. This dependency raises dilution and execution risk, constrains multi-year planning, and makes project timelines vulnerable to capital market conditions and investor appetite.

Abacus Mining & Exploration Business Overview & Revenue Model

Company Description

Abacus Mining & Exploration Corporation, an exploration stage company, engages in the acquisition, exploration, and development of mineral properties in Canada. The company holds an option to acquire 75% interest in the Willow copper-molybdenum property located in Yerington, Nevada, as well as explores for Nev-Lorraine claims. It also has a 20% interest in the KGHM Ajax copper-gold property located in the southwest side of Kamloops, British Columbia. The company is based in Vancouver, Canada.

How the Company Makes Money

Abacus Mining & Exploration makes money through a combination of exploration and development of mineral properties, primarily focusing on copper and gold. The company generates revenue by advancing its mineral projects to stages where they can attract investment or partnership opportunities. Key revenue streams include selling or joint venturing its projects to larger mining companies that can take on the operational phase, as well as earning royalties or equity stakes in projects that progress to production. Significant partnerships with other mining firms or financial institutions can also provide necessary capital and shared expertise, contributing to the company's earnings potential.

Abacus Mining & Exploration Financial Statement Overview

Summary

Very weak fundamentals: no revenue across periods, widening losses (TTM net loss about -$4.4M vs. -$1.7M in 2023), negative operating metrics (EBIT/EBITDA), negative equity (about -$26.2M TTM), rising debt (about $34.3M), and ongoing negative operating and free cash flow (TTM FCF about -$0.55M).

Income Statement

The company reports no revenue across the available periods (including TTM (Trailing-Twelve-Months)), while losses persist and have generally widened versus 2023 (net loss of about -$4.4M in TTM (Trailing-Twelve-Months) vs. -$1.7M in 2023). Operating performance remains negative (EBIT and EBITDA below zero), indicating the business is still in a pre-revenue or non-operating phase. A modest positive is that losses were lower in some earlier years (e.g., 2023), but the overall profitability trajectory is weak and volatile.

Balance Sheet

Financial risk is elevated: stockholders’ equity is negative in every period and worsened to about -$26.2M in TTM (Trailing-Twelve-Months), while total debt rose to about $34.3M. With total assets around $8.4M in TTM (Trailing-Twelve-Months), leverage looks high relative to the asset base and the negative equity position limits financial flexibility. While the debt-to-equity figure appears negative due to negative equity (making it less informative), the underlying message is clear: the capital structure is stressed and likely dependent on external financing.

Cash Flow

Cash generation is weak, with operating cash flow negative in all periods, including about -$0.46M in TTM (Trailing-Twelve-Months). Free cash flow is also consistently negative (about -$0.55M in TTM (Trailing-Twelve-Months)), implying ongoing cash burn. A relative strength is that free cash flow burn is much smaller than in 2020–2021, suggesting cost control or reduced activity levels; however, the latest TTM (Trailing-Twelve-Months) shows deterioration versus 2024 (free cash flow becoming more negative), keeping financing needs a key risk.

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	0.00	0.00	0.00	0.00	0.00	0.00
EBITDA	-792.11K	-501.88K	-20.55K	-727.00K	-2.46M	-1.03M
Net Income	-4.42M	-4.03M	-1.67M	-3.29M	-5.46M	-3.03M
Balance Sheet
Total Assets	8.44M	8.48M	7.89M	5.62M	5.77M	6.54M
Cash, Cash Equivalents and Short-Term Investments	55.50K	48.27K	64.88K	76.72K	57.98K	628.47K
Total Debt	34.34M	31.24M	27.51M	24.25M	21.99M	19.25M
Total Liabilities	34.62M	31.76M	27.76M	24.47M	22.24M	19.46M
Stockholders Equity	-26.18M	-23.27M	-19.87M	-18.85M	-16.47M	-12.92M
Cash Flow
Free Cash Flow	-552.60K	-324.76K	-575.80K	-687.67K	-2.15M	-1.21M
Operating Cash Flow	-460.56K	-324.76K	-424.60K	-552.30K	-2.03M	-1.04M
Investing Cash Flow	-92.04K	-169.31K	-151.20K	-135.37K	-117.95K	-164.47K
Financing Cash Flow	181.74K	477.46K	563.96K	706.41K	1.58M	1.41M

Abacus Mining & Exploration 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%
GLM	52 Neutral	C$11.98M	-21.82	-5.30%	―	―	―
PER	49 Neutral	C$14.53M	70.00	14.20%	―	16.85%	―
CRUZ	45 Neutral	C$6.65M	-6.14	-24.99%	―	―	27.50%
SRI	44 Neutral	C$5.10M	-150.00	-4.30%	―	―	95.92%
AME	43 Neutral	C$6.90M	-1.29	―	―	―	6.36%
NLR	43 Neutral	C$5.14M	-1.85	-284.00%	―	―	-202.42%

Abacus Mining & Exploration Corporate Events

Abacus Mining Raises $371,250 in Non-Brokered Private Placement

Abacus Mining & Exploration has closed a non-brokered private placement, raising gross proceeds of $371,250 through the issuance of 14,850,000 units priced at $0.025 each, with each unit comprising one common share and half a warrant exercisable at $0.05 until January 19, 2029. The financing, offered mainly to existing shareholders under available prospectus exemptions and including participation by company insiders, is subject to a four-month hold period and final TSX Venture Exchange acceptance, with proceeds earmarked for general working capital, underscoring the company’s continued effort to fund its copper-focused portfolio while managing related-party transactions within applicable securities regulations.

The most recent analyst rating on (TSE:AME) stock is a Sell with a C$0.02 price target. To see the full list of analyst forecasts on Abacus Mining & Exploration stock, see the TSE:AME Stock Forecast page.

Abacus Mining Further Upsizes Private Placement to $371,250

Abacus Mining & Exploration has again increased the size of its non-brokered private placement, now targeting up to 14,850,000 units for gross proceeds of as much as $371,250, with each unit comprising one common share and half a warrant exercisable at $0.05 for three years. The financing, to be used for general working capital, is being conducted under prospectus exemptions including one for existing shareholders, may involve insider participation treated under related-party rules, and remains subject to TSX Venture Exchange approval, with any oversubscription allocated pro rata among qualifying investors and all securities subject to a four‑month hold period, underlining the company’s effort to shore up liquidity as it advances its copper-gold and copper-molybdenum assets in Canada and the U.S.

The most recent analyst rating on (TSE:AME) stock is a Sell with a C$0.02 price target. To see the full list of analyst forecasts on Abacus Mining & Exploration stock, see the TSE:AME Stock Forecast page.

Abacus Mining Upsizes Private Placement to $346,250 for Working Capital

Abacus Mining & Exploration has increased the size of its previously announced non-brokered private placement to 13,850,000 units at $0.025 per unit, for potential gross proceeds of up to $346,250, with each unit comprising one common share and half a warrant exercisable at $0.05 for three years. The financing, which is subject to TSX Venture Exchange approval and may involve insider participation and finders’ fees, is intended for general working capital and offers existing shareholders an opportunity to participate under prospectus exemptions, modestly bolstering Abacus’s balance sheet as it advances its copper and gold assets in British Columbia and Nevada.

The most recent analyst rating on (TSE:AME) stock is a Hold with a C$0.02 price target. To see the full list of analyst forecasts on Abacus Mining & Exploration stock, see the TSE:AME Stock Forecast page.

Abacus Mining Announces $300,000 Private Placement

Abacus Mining & Exploration Corporation has announced a non-brokered private placement to raise up to $300,000 by issuing 12,000,000 units at $0.025 per unit. The funds will be used for general working capital, and the offering is subject to TSX Venture Exchange approval. This move aims to bolster the company’s financial position and support its ongoing projects, including the advanced Ajax copper-gold development project and the Willow copper-molybdenum property.

Abacus Mining & Exploration Updates on Copper Projects and Strategic Developments

Abacus Mining & Exploration Corporation provided an update on its activities for 2025, highlighting its focus on copper exploration and development. The company holds a 20% interest in the Ajax copper-gold project in British Columbia, which has substantial copper and gold reserves. Despite a previous environmental assessment denial, Abacus and its partner KGHM are re-evaluating the project with stakeholder relations in mind. Additionally, Abacus fully acquired the Willow property in Nevada, where it has discovered a new porphyry, indicating potential for further exploration and development.