BTU Metals Corp (BTU) AI Stock Analysis

• Market Cap: C$12.47M
• Dividend Yield: N/A
• Average Volume (3M): 75.08K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.64
• Revenue Growth: N/A
• EPS Growth: -309.09%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): >-0.01
• Shares Outstanding: 166,321,010
• 10 Day Avg. Volume: 70,508
• 30 Day Avg. Volume: 75,080
• PEG Ratio: >-0.01
• Price to Book (P/B): 0.84
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -10.51
• 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$0.07 ▲(38.00% Upside)

The score is held down primarily by weak financial performance: zero revenue, recurring losses, and persistent negative free cash flow, despite the benefit of a debt-free balance sheet. Technicals provide partial support with a strong uptrend versus moving averages and positive MACD, though elevated RSI suggests the move may be stretched. Valuation is constrained by negative earnings (negative P/E) and no dividend yield.

Positive Factors

Debt-Free Balance Sheet

A clean, debt-free balance sheet materially reduces short-term refinancing and interest burdens, preserving optionality for funding exploration or strategic deals. Over the next 2–6 months this lowers default risk and gives management flexibility to time capital raises or partner deals on better terms.

Solvent with Modest Assets

Reported solvency and modest assets provide a baseline financial cushion that supports ongoing exploration activity. This durable position reduces immediate bankruptcy risk and allows continuation of programs while management pursues financing, JV partners, or asset sales over the medium term.

Focused Exploration Business Model

A clear, narrow focus on acquiring and exploring mineral properties concentrates management resources and expertise, enabling disciplined portfolio building. Over months this business model can create scalable asset value if discoveries or attractive acquisitions advance toward partnerable projects.

Negative Factors

No Revenue Across Multiple Years

The absence of any reported revenue from 2020–2025 means the company relies entirely on financing for operations; exploration has not converted into commercial cash flow. Persistent losses erode capital and hinder the ability to self-fund programs, a structural weakness over the next several months.

Consistent Negative Cash Flow

Sustained negative operating and free cash flow force reliance on external capital and increase dilution risk. Over a 2–6 month horizon, ongoing cash burn can curtail exploration programs or push urgent financing, constraining strategic flexibility and increasing execution risk.

Eroding Equity Base

A declining equity base reflects cumulative losses and reduces the company's native capital buffer. This structural deterioration limits capacity to absorb further losses or fund expansion without significant dilution or new financing, elevating solvency sensitivity over the medium term.

BTU Metals Corp Business Overview & Revenue Model

Company Description

BTU Metals Corp. engages in the exploration and development of mineral properties. Its flagship project is the Dixie Halo gold project covering an area of 22,622 hectares located in the prolific Red Lake Ontario Mining District, Canada. The company was formerly known as BTU Capital Corp. and changed its name to BTU Metals Corp. in August 2017. BTU Metals Corp. was incorporated in 2008 and is based in Vancouver, Canada.

How the Company Makes Money

BTU Metals Corp generates revenue primarily through the exploration and potential development of mineral properties. The company invests in identifying and acquiring promising mineral properties, conducting geological surveys, and drilling programs to determine the viability and potential value of these resources. Should these exploration activities prove successful, the company may sell or partner with larger mining companies to develop the resources further, thus generating revenue through sales, joint ventures, or royalties. Additionally, BTU Metals Corp may raise capital through equity financing to fund its exploration activities, which is a common practice in the mineral exploration sector.

BTU Metals Corp Financial Statement Overview

Summary

Income statement quality is weak with no revenue reported across 2020–2025 and persistent operating/net losses (net loss widened to about -$1.31M in 2025). Balance sheet risk is moderated by having no debt, but equity has declined (about $10.6M in 2022 to about $7.0M in 2025). Cash flow remains a key concern with negative operating cash flow and free cash flow in every year shown (2025 FCF about -$561k).

Income Statement

Across the annual periods provided (2020–2025), the company reports no revenue and therefore no gross profit, which limits evidence of operating scale or commercial traction. Losses are persistent, with operating results negative each year (e.g., EBIT of -$644k in 2025 vs. -$470k in 2024) and net income swinging meaningfully (from -$148k in 2024 to -$1.31M in 2025). The main positive is that losses have not been consistently worsening versus earlier years (e.g., 2023 had a much larger net loss), but the absence of revenue and recurring losses keep the income statement quality weak.

Balance Sheet

The balance sheet is conservatively levered with no debt reported in any year, reducing financial risk and refinancing pressure. However, equity has trended down from ~$10.6M (2022) to ~$7.0M (2025), consistent with ongoing losses and cash burn, and returns on equity are negative throughout (notably worse in 2025 than 2024). Overall, the company appears solvent with modest asset levels, but continued equity erosion is a key risk if operating performance does not improve.

Cash Flow

Cash generation is weak: operating cash flow and free cash flow are negative in every year shown, indicating the business is consistently consuming cash (2025 operating cash flow of -$536k and free cash flow of -$561k). There is some improvement versus 2023, when free cash flow was more negative, but cash burn remains persistent and can pressure the capital base over time. Free cash flow has moved around year-to-year (including a strong reported growth rate in 2025), yet it remains negative, which keeps overall cash-flow quality below average.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
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	-644.50K	-1.31M	1.66M	-632.00K	-127.00K	-655.00K
Net Income	-1.31M	-1.31M	-148.00K	-3.67M	-698.00K	-1.52M
Balance Sheet
Total Assets	7.03M	7.03M	8.07M	8.22M	10.83M	10.00M
Cash, Cash Equivalents and Short-Term Investments	897.41K	897.41K	1.73M	2.19M	790.36K	1.67M
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00
Total Liabilities	35.12K	35.12K	60.44K	75.08K	281.38K	436.91K
Stockholders Equity	6.99M	6.99M	8.01M	8.14M	10.55M	9.56M
Cash Flow
Free Cash Flow	-586.30K	-561.30K	-462.41K	-1.09M	-454.83K	-544.73K
Operating Cash Flow	-536.30K	-536.30K	-422.41K	-628.87K	-432.83K	-518.73K
Investing Cash Flow	-453.84K	-453.84K	-30.13K	787.83K	-1.64M	-1.95M
Financing Cash Flow	152.57K	152.57K	0.00	1.24M	1.20M	2.93M

BTU Metals Corp Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.05
• 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:BTU, the sentiment is Positive. The current price of 0.05 is below the 20-day moving average (MA) of 0.06, below the 50-day MA of 0.05, and below the 200-day MA of 0.05, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 68.04 is Neutral, neither overbought nor oversold. The STOCH value of 42.09 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:BTU.

BTU Metals Corp 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%
VG	51 Neutral	C$7.13M	-5.56	-62.30%	―	―	66.36%
TRU	48 Neutral	C$6.58M	-80.00	-46.43%	―	―	94.57%
BTU	46 Neutral	C$12.47M	-8.33	-17.95%	―	―	-309.09%
HVG	45 Neutral	C$6.07M	-1.09	-93.08%	―	―	-230.94%
AUEN	45 Neutral	C$8.34M	-2.61	-114.18%	―	―	76.12%