Belmont Resources (BEA) AI Stock Analysis

• Market Cap: C$5.96M
• Dividend Yield: N/A
• Average Volume (3M): 135.76K
• Price to Earnings (P/E): ―
• Beta (1Y): -1.58
• Revenue Growth: N/A
• EPS Growth: -45.45%
• Country: CA
• Employees: 3
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): 0.00
• Shares Outstanding: 132,483,280
• 10 Day Avg. Volume: 200,718
• 30 Day Avg. Volume: 135,756
• PEG Ratio: 0.74
• Price to Book (P/B): 0.95
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -9.38
• 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$0.04 ▼(-2.50% Downside)

The score is held down primarily by weak financial performance (no revenue, persistent losses, and negative free cash flow). Technical indicators are mostly neutral with only mild positive momentum, providing limited support. Valuation is not a clear positive due to the negative P/E and lack of dividend yield data.

Positive Factors

Low leverage / clean balance sheet

A meaningful equity base and minimal debt materially reduce solvency risk and preserve strategic optionality. For a junior explorer, low leverage enables the company to pursue option/JV deals and weather exploration cycles without immediate creditor pressure, supporting longer-term project advancement.

Business model suited to junior explorers

The firm’s strategy of creating value through early-stage exploration and monetizing via sales, option/JV deals, or royalties aligns with durable industry practice. This model transfers capital-intensive development to partners, preserving upside while limiting required in-house capital for mine buildout.

Very low fixed overhead

A very small workforce keeps fixed cash burn low, extending runway between financings and allowing management to allocate scarce capital selectively to high-potential targets. Over months, low overhead reduces financing pressure and supports survival while advancing early-stage exploration.

Negative Factors

No operating revenue and persistent losses

Absent any operating revenue and with recurring losses, the company cannot self-fund growth and relies on successful asset transactions or external capital. Over a multi-month horizon this entrenched unprofitability erodes equity and heightens dilution and execution risk for long-term project development.

Consistent negative operating and free cash flow

Sustained negative operating and free cash flow forces repeated external financings to fund exploration and corporate costs. This structural cash shortfall increases dilution risk, limits ability to commit to larger exploration programs, and weakens bargaining leverage with JV partners over time.

Balance-sheet contraction and pressured shareholder value

Declining assets and negative returns on equity indicate the company’s net resource base is shrinking. Over months this erodes collateral and bargaining power for option/JV negotiations, reduces investor confidence, and can make it harder to secure favorable partner terms or non-dilutive funding.

Belmont Resources Business Overview & Revenue Model

Company Description

Belmont Resources Inc. engages in the acquisition, exploration, and development of mineral resource properties in Canada and the United States. It explores for copper, gold, lithium, and uranium projects located in British Columbia, Saskatchewan, Washington, and Nevada States. The company holds a 100% interest in the Come By Chance copper-gold porphyry project located in the Greenwood mining camp. Belmont Resources Inc. was incorporated in 1978 and is headquartered in Vancouver, Canada.

How the Company Makes Money

Belmont Resources makes money through the exploration and development of mineral properties, with the potential for revenue generation from the sale of extracted minerals such as gold and copper. The company may also generate income by entering into joint ventures and partnerships with other mining companies, sharing the costs and potential profits of exploration and development projects. Additionally, Belmont Resources might seek funding through equity financing to support its operations and exploration activities, which can contribute to its overall financial stability and growth.

Belmont Resources Financial Statement Overview

Summary

Financial quality is weak: no revenue across periods, recurring operating and net losses, and consistently negative operating/free cash flow that implies ongoing funding needs. The main support is a relatively clean balance sheet with minimal debt and a still-positive equity base, but continued cash burn and negative returns keep risk elevated.

Income Statement

The company has generated no revenue across the annual periods provided, while operating losses remain persistent and sizable (net losses roughly in the -$0.3M to -$0.7M range). Profitability is consistently negative (gross profit is also negative), and while the latest year shows some improvement in operating loss versus the prior year, losses remain structurally entrenched without evidence of a revenue base.

Balance Sheet

The balance sheet is supported by a meaningful equity base (about $2.36M most recently) and shows no material debt in recent years, which reduces financial risk. However, shareholder value has been pressured by continued losses (negative return on equity), and total assets have declined from the prior year, suggesting some balance-sheet contraction alongside ongoing cash burn.

Cash Flow

Cash generation is weak, with operating cash flow and free cash flow consistently negative, and the latest year showing a notably larger cash outflow than the prior year. While free cash flow has at times been less negative than net income (partly reflecting non-cash charges), the overall pattern indicates sustained funding needs and limited self-financing capacity.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	-3.19K	-3.48K	-3.18K	-3.36K	-3.06K	-3.01K
EBITDA	-813.79K	-500.15K	-532.76K	-553.00K	-325.00K	-590.49K
Net Income	-1.02M	-670.12K	-535.95K	-571.00K	-328.00K	-611.40K
Balance Sheet
Total Assets	3.62M	2.46M	2.67M	3.28M	2.67M	2.21M
Cash, Cash Equivalents and Short-Term Investments	1.27M	567.48K	260.38K	301.74K	619.09K	445.57K
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00
Total Liabilities	364.88K	105.11K	346.42K	621.05K	447.63K	341.94K
Stockholders Equity	3.26M	2.36M	2.33M	2.66M	2.22M	1.87M
Cash Flow
Free Cash Flow	-1.07M	-1.02M	-1.20M	-268.98K	-789.29K	-750.09K
Operating Cash Flow	-597.51K	-893.97K	-543.25K	-266.94K	-239.01K	-537.86K
Investing Cash Flow	445.90K	812.48K	-363.41K	-512.71K	-354.80K	-300.15K
Financing Cash Flow	1.35M	381.00K	665.39K	857.90K	528.27K	1.26M

Belmont Resources Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.04
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:BEA, the sentiment is Positive. The current price of 0.04 is below the 20-day moving average (MA) of 0.04, above the 50-day MA of 0.04, and above the 200-day MA of 0.04, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 52.07 is Neutral, neither overbought nor oversold. The STOCH value of 50.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:BEA.

Belmont 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%
GZD	52 Neutral	C$5.60M	-15.91	-4.07%	―	―	34.21%
GR	50 Neutral	C$10.80M	-2.67	―	―	―	-39.62%
RKR	48 Neutral	C$11.89M	-17.06	-355.18%	―	―	91.92%
BEA	46 Neutral	C$5.96M	-4.79	-33.24%	―	―	-45.45%
CRUZ	45 Neutral	C$5.70M	-6.14	-24.99%	―	―	27.50%
AME	43 Neutral	C$6.04M	-1.13	―	―	―	6.36%

Belmont Resources Corporate Events

Belmont Enhances Geological Insights at Come By Chance Project

Belmont Resources Inc. has completed its 2025 diamond drilling program at the Come By Chance (CBC) Copper-Gold Project in British Columbia, which is located within the historic Greenwood Mining Camp. While the drilling did not identify economic mineralization, the program successfully expanded geological understanding of the area, improving the company’s structural and geophysical models for future exploration efforts. These developments enhance the company’s exploration capabilities in a region known for its potential porphyry systems and provide valuable insights to advance further assessments, which could lead to better-defined drill targets moving forward.

Belmont Resources Advances Crackingstone Uranium Project with New Geological Insights

Belmont Resources has completed a relogging and resampling program of its 2008 drill core at the Crackingstone Uranium Project in Saskatchewan. This initiative, conducted by Axiom Exploration Group, aims to generate comprehensive geochemical datasets and update geological models to better characterize uranium mineralization and evaluate potential rare earth element mineralization. The results are expected to refine drill targets for the 2026 exploration program, potentially enhancing Belmont’s market position in uranium and rare earth elements.

Belmont Resources Secures Drill Permit for Crackingstone Project

Belmont Resources has received a multi-year drill permit for its Crackingstone Uranium–REE Project in Saskatchewan, allowing the company to advance exploration across high-priority uranium and rare earth targets. This development is significant as it enables Belmont to capitalize on strong historical results and modern geophysical data, positioning the project for a meaningful drill campaign. The project, located near the uranium-rich Athabasca Basin, benefits from excellent infrastructure and has demonstrated high-grade uranium potential, enhancing its strategic importance.