BeMetals (BMET) AI Stock Analysis

• Market Cap: C$18.80M
• Dividend Yield: N/A
• Average Volume (3M): 100.56K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.68
• Revenue Growth: N/A
• EPS Growth: -500.71%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): 0.00
• Shares Outstanding: 240,973,430
• 10 Day Avg. Volume: 198,327
• 30 Day Avg. Volume: 100,557
• PEG Ratio: -0.14
• Price to Book (P/B): 0.42
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -9.58
• 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: 51 Neutral
• Price Target: C$0.07 ▲(0.00% Upside)

The score is held down primarily by weak financial performance (pre-revenue, larger TTM losses, negative cash flow and prior leverage deterioration). Partially offsetting this are supportive corporate events (debt elimination and strategic investor commitment) and slightly positive/neutral technical signals, while valuation remains challenged due to negative earnings and no dividend.

BeMetals Business Overview & Revenue Model

Company Description

BeMetals Corp. explores for and develops precious and base metal properties. The company has an option to acquire approximately 72% interest in the Pangeni copper project located in Zambia; and 100% interest in the South Mountain zinc-silver-gold-copper development project located in Southwest Idaho. It also holds interest in the Kazan Gold Project located in Japan. The company was formerly known as BQ Metals Corp. and changed its name to BeMetals Corp. in April 2018. BeMetals Corp. was incorporated in 2008 and is headquartered in Vancouver, Canada.

How the Company Makes Money

BeMetals Corp makes money by advancing its mineral exploration projects to add value to its asset portfolio. The company generates revenue through strategic partnerships, joint ventures, and potential future sales of mineral resources. As BeMetals develops its mining projects, it aims to monetize these assets through various means such as selling or leasing mineral rights, entering into production agreements, or selling exploration properties once they have been sufficiently developed to attract interest from larger mining companies. Additionally, BeMetals may raise funds through equity financing to support its exploration and development activities.

BeMetals Financial Statement Overview

Summary

BeMetals is experiencing significant financial challenges. With zero revenue and ongoing net losses, the company's financial health is weak. The balance sheet shows a moderate position with increasing debt levels, while cash flow analysis indicates difficulties in generating operational cash, relying heavily on external financing for sustainability.

Income Statement

BeMetals has faced consistent challenges in generating revenue, reflected by zero total revenue across all periods. As a result, profitability metrics like Gross Profit Margin, Net Profit Margin, EBIT Margin, and EBITDA Margin cannot be calculated. The absence of revenue growth and persistent losses in EBIT and Net Income highlight significant financial difficulties, common in early-stage mining companies without producing assets.

Balance Sheet

The balance sheet reveals a moderate financial position with a high debt-to-equity ratio of 0.47, which indicates some level of financial leverage. The equity ratio stands at 66.45%, suggesting a reasonable proportion of assets funded by equity. However, the company has seen a decline in stockholders' equity, indicating potential risks if this trend continues. The return on equity is negative due to ongoing losses, which is a concern for future value creation.

Cash Flow

Negative operating cash flow and free cash flow indicate challenges in generating cash from operations. The lack of free cash flow growth and negative operating cash flow to net income ratio underscore the company's struggles to sustain cash flows. Financing activities, primarily through debt or equity, have been the main source of cash inflow, highlighting dependency on external funding.

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	-18.20M	-1.89M	0.00	-14.61M	-2.52M	-1.33M
Net Income	-19.24M	-2.82M	-2.00M	-14.74M	-2.52M	-1.33M
Balance Sheet
Total Assets	18.45M	36.24M	30.35M	28.95M	35.98M	16.33M
Cash, Cash Equivalents and Short-Term Investments	1.60M	2.76M	608.36K	6.04M	6.40M	3.24M
Total Debt	12.76M	12.23M	9.34M	6.90M	0.00	0.00
Total Liabilities	12.91M	12.34M	9.56M	7.28M	135.44K	81.53K
Stockholders Equity	5.54M	23.89M	20.78M	21.67M	35.85M	16.25M
Cash Flow
Free Cash Flow	-2.12M	-1.04M	-1.74M	-7.60M	-6.65M	-4.51M
Operating Cash Flow	-1.06M	-1.04M	-1.74M	-1.10M	-1.84M	-658.11K
Investing Cash Flow	-1.99M	-3.58M	-6.92M	-5.92M	-3.64M	-4.32M
Financing Cash Flow	12.19K	6.70M	3.24M	6.43M	8.64M	6.97M

BeMetals Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.07
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:BMET, the sentiment is Positive. The current price of 0.07 is below the 20-day moving average (MA) of 0.07, above the 50-day MA of 0.07, and above the 200-day MA of 0.05, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 58.93 is Neutral, neither overbought nor oversold. The STOCH value of 84.44 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:BMET.

BeMetals 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%
BMET	51 Neutral	C$18.80M	-0.93	-125.25%	―	―	-500.71%
CPAU	51 Neutral	C$18.08M	-1.51	-7.76%	―	―	-123.32%
KC	48 Neutral	C$32.74M	-20.10	-4.17%	―	―	56.31%
WLF	45 Neutral	C$17.44M	-87.50	-32.86%	―	―	86.96%
VCG	39 Underperform	C$14.82M	-13.47	-2.38%	―	―	22.59%
CPL	27 Underperform	C$6.78M	-10.42	-55.49%	―	―	62.50%

BeMetals Corporate Events

BeMetals Wipes Out Debt as B2Gold Boosts Equity Stake to Nearly 37%

BeMetals Corp. has agreed to settle C$2.0 million in debt owed to B2Gold Corp. through the issuance of 28.9 million common shares and will benefit from the forgiveness of a further US$4.4 million in debt and accrued interest, leaving the company debt-free and with greater financial flexibility to pursue future growth initiatives. In parallel, B2Gold is converting C$5.3 million in convertible debentures and C$0.8 million in accrued interest into an additional 24.6 million BeMetals shares, increasing its ownership to about 36.9% of the company’s outstanding shares, while BeMetals continues independently under a mining-experienced board and B2Gold maintains its role as a strategic investor and technical supporter.

BeMetals Enhances Investor Relations with New Engagement

BeMetals Corp. has engaged WIN Expertise Inc., led by Suzette Ramcharan, to provide investor relations and corporate communications services, following the resignation of Derek Iwanaka, Vice President of Investor Relations and Corporate Development. This strategic move aims to enhance BeMetals’ communication with shareholders and the investment community, potentially strengthening its market position and stakeholder relationships.

BeMetals Completes C$848,840 Flow-Through Financing for Savant Gold Project

BeMetals Corp. has successfully closed a non-brokered private placement, raising C$848,840 through the issuance of flow-through shares. The funds will be used for exploration activities at the Savant Gold Project in Ontario, Canada. The company plans to conduct a high-resolution airborne magnetics survey and a follow-up exploration campaign to identify drilling targets. The participation of company directors in the financing round constitutes a related party transaction under Canadian securities laws.

BeMetals Enhances Cash Position and Plans New Financing for Gold Exploration

BeMetals Corp. has raised approximately C$1.1 million through the sale of marketable securities, enhancing its cash position to C$1.52 million. The company also plans a non-brokered private placement of up to 10.7 million flow-through shares to raise C$749,000, which will fund exploration activities at its Savant Gold Project in Ontario. This initiative aims to refine and prioritize areas for future drilling, potentially strengthening BeMetals’ position in the gold exploration sector.