Bolt Metals (BOLT) AI Stock Analysis

• Market Cap: C$4.74M
• Dividend Yield: N/A
• Average Volume (3M): 412.14K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.61
• Revenue Growth: N/A
• EPS Growth: 36.64%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): -1.01
• Shares Outstanding: 7,288,371
• 10 Day Avg. Volume: 236,963
• 30 Day Avg. Volume: 412,141
• PEG Ratio: 0.01
• Price to Book (P/B): 0.65
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -0.56
• 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: 49 Neutral
• Price Target: C$0.65 ▲(65.90% Upside)

Overall score is held down primarily by very weak fundamentals (no revenue, ongoing losses, and higher 2024 cash burn). Technicals are moderately positive with price above major moving averages, while valuation is constrained by negative earnings and no dividend. Recent financings help liquidity for exploration but also highlight continued dependence on capital markets.

Positive Factors

Low reported debt

Minimal reported debt is a durable balance-sheet strength for a junior explorer. Low leverage reduces near-term bankruptcy risk and gives management flexibility to structure financing or JV deals instead of servicing high interest, supporting project optionality while exploration continues.

Recent financings improve runway

Access to fresh capital via placements materially extends the company’s exploration runway, allowing continued drilling and permitting activity without immediate cash-flow breakeven. This structural liquidity support enables value-creating milestones rather than forcing asset sales.

Equity position turned positive in 2024

Restored positive shareholders' equity provides a clearer solvency buffer and improves financing optics with partners and lenders. A positive equity base can reduce technical insolvency constraints and supports longer-term planning for project development if cash burn is managed.

Negative Factors

No revenue, persistent losses

The lack of any operating revenue and ongoing net losses are a fundamental weakness; without a revenue engine the business cannot self-fund exploration or demonstrate commercial validation, leaving long-term viability dependent on continued capital injections.

Worsening cash burn

Sharply higher operating cash outflows materially shorten runway and raise the frequency of required financings. Persistent negative free cash flow depletes reserves and increases dilution risk, constraining the firm's ability to advance projects or hire technical staff sustainably.

Dependence on capital markets

Reliance on external financing is structurally risky for a non-revenue explorer: it subjects operations to market access, dilutes existing holders, and can force suboptimal timing of asset monetization. Long-term value creation remains contingent on consistent capital availability.

Bolt Metals Business Overview & Revenue Model

Company Description

Bolt Metals (BOLT) is a resource exploration and development company focused on the acquisition and development of strategic battery metals projects. The company primarily operates in the mining sector, with a specific focus on nickel and other metals essential for the production of batteries used in electric vehicles and energy storage solutions.

How the Company Makes Money

Bolt Metals makes money through the exploration and potential development of battery metals mining projects. The company generates revenue by selling extracted metals to manufacturers in the electric vehicle and energy storage industries. Additionally, Bolt Metals may engage in joint ventures, partnerships, or licensing agreements with other mining companies or manufacturers to further monetize its mineral resources. The company's earnings are also influenced by fluctuations in metal prices, exploration successes, and its ability to secure financing for its projects.

Bolt Metals Financial Statement Overview

Summary

Financial profile is very weak: no revenue across the periods provided, persistent net losses, and sharply worse results and cash burn in 2024. Minimal debt and equity turning positive in 2024 help solvency optics, but the business remains highly funding-dependent without a demonstrated revenue engine.

Income Statement

Financial performance is very weak: the company reports no revenue across all provided years, while losses remain large and persistent (net loss of about -$2.4M in 2024 vs. about -$0.6M in 2023). Gross profit is negative in multiple years and operating losses widened materially in 2024, indicating limited operating leverage and continued spend without a revenue base. The main positive is that losses were smaller in 2023 than several earlier years, but the 2024 step-down reverses that improvement.

Balance Sheet

Leverage appears low based on reported debt (0 total debt in most years, small debt in 2019), which is a clear strength. However, equity quality and profitability are weak: equity was negative in 2022–2023 and only turned positive in 2024 (about $2.2M), suggesting heavy dilution and/or accumulated losses over time. Returns to shareholders are poor given ongoing net losses, and the balance sheet has historically been unstable as equity swung from positive to negative and back to positive.

Cash Flow

Cash generation is weak and deteriorated in the latest period: operating cash flow was negative every year and worsened sharply in 2024 (about -$2.4M vs. about -$0.3M in 2023). Free cash flow is also consistently negative and fell meaningfully in 2024 (about -$2.6M). While free cash flow tracks net loss (cash burn roughly in line with losses), the magnitude of the 2024 cash burn increases funding risk without a visible revenue engine in the provided data.

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	-192.75K	-192.75K	0.00	-6.00K	-18.00	―
EBITDA	-1.24M	-2.40M	-561.05K	-671.21K	-1.40M	-2.44M
Net Income	-2.20M	-2.42M	-595.53K	-761.25K	-1.16M	-2.45M
Balance Sheet
Total Assets	3.56M	3.28M	293.09K	383.23K	871.37K	1.25M
Cash, Cash Equivalents and Short-Term Investments	29.23K	88.81K	69.67K	153.47K	600.38K	395.94K
Total Debt	38.51K	0.00	0.00	0.00	0.00	0.00
Total Liabilities	633.70K	1.24M	1.60M	1.34M	1.01M	582.68K
Stockholders Equity	2.92M	2.21M	-1.12M	-773.32K	51.29K	592.00K
Cash Flow
Free Cash Flow	-2.48M	-2.59M	-331.84K	-383.55K	-565.38K	-1.47M
Operating Cash Flow	-2.35M	-2.44M	-331.84K	-383.55K	-565.38K	-1.47M
Investing Cash Flow	-161.50K	-146.50K	0.00	-63.37K	-1.99K	-165.26K
Financing Cash Flow	2.42M	2.61M	248.04K	0.00	771.81K	1.83M

Bolt Metals Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.39
• 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:BOLT, the sentiment is Positive. The current price of 0.39 is below the 20-day moving average (MA) of 0.55, below the 50-day MA of 0.54, and below the 200-day MA of 0.41, indicating a bullish trend. The MACD of 0.04 indicates Negative momentum. The RSI at 62.29 is Neutral, neither overbought nor oversold. The STOCH value of 93.94 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:BOLT.

Bolt Metals 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%
BOLT	49 Neutral	C$4.74M	-0.27	-185.17%	―	―	36.64%
FCI	―	C$12.41M	-4.30	-198.61%	―	―	53.47%
POWR	47 Neutral	C$2.89M	-9.57	-296.73%	―	―	94.19%
VRB	45 Neutral	C$2.75M	-4.59	-4.76%	―	―	84.01%
QBAT	45 Neutral	C$2.78M	-2.58	-14.59%	―	―	-36.33%
OWLI	43 Neutral	C$4.28M	-2.99	―	―	―	11.84%

Bolt Metals Corporate Events

Bolt Metals Upsizes Private Placement to $6 Million on Strong Demand

Bolt Metals Corp. has increased the size of its previously announced non-brokered private placement from up to $4 million to up to $6 million, reflecting strong investor interest in its financing. The upsized offering now contemplates the issuance of up to 19,354,838 special warrants at $0.31 each, with each special warrant automatically converting into a unit comprising one common share and one warrant exercisable at $0.41 for two years, subject to a 10% ownership blocker. The financing, which remains contingent on customary regulatory approvals, will be used to fund ongoing exploration activities, operations, administrative expenses and general working capital, potentially strengthening Bolt Metals’ ability to advance its mineral projects and support its broader corporate objectives in the resource sector.

The most recent analyst rating on (TSE:BOLT) stock is a Hold with a C$0.54 price target. To see the full list of analyst forecasts on Bolt Metals stock, see the TSE:BOLT Stock Forecast page.

Bolt Metals Corp. Announces $4 Million Private Placement for Exploration

Bolt Metals Corp. has announced a non-brokered private placement to raise up to $4 million through the issuance of special warrants. The proceeds from this offering will be used for ongoing exploration activities and general working capital, potentially strengthening Bolt’s position in the mineral exploration industry.

Bolt Metals Secures $430,000 in First Tranche of LIFE Offering

Bolt Metals Corp. has successfully closed the first tranche of its non-brokered LIFE Offering, raising $430,000 through the issuance of 2,150,000 units. The proceeds are intended for general working capital and corporate purposes, with the offering including common shares and warrants. This financial move is expected to bolster Bolt Metals’ operational capabilities and support its strategic objectives in mineral exploration.