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CANEX Metals
(CANX)
CANEX Metals (CANX) vs. iShares MSCI Canada ETF (EWC)
CANEX Metals Business Overview & Revenue Model
CANEX Metals Financial Statement Overview
| 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 | -4.73K | -4.73K | -2.13K | -3.38K | -30.00 | -18.00 |
| EBITDA | -490.91K | -492.08K | -247.00K | -463.60K | -781.33K | -805.00K |
| Net Income | -496.82K | -496.82K | -279.00K | -535.40K | -781.36K | -806.00K |
Balance Sheet | ||||||
| Total Assets | 7.60M | 7.60M | 5.97M | 5.92M | 5.77M | 3.88M |
| Cash, Cash Equivalents and Short-Term Investments | 663.91K | 663.91K | 189.13K | 785.75K | 1.77M | 1.82M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 319.77K | 319.77K | 96.15K | 98.25K | 145.09K | 233.70K |
| Stockholders Equity | 7.28M | 7.28M | 5.87M | 5.83M | 5.62M | 3.65M |
Cash Flow | ||||||
| Free Cash Flow | -618.76K | -252.24K | -596.13K | -1.52M | -2.59M | -1.28M |
| Operating Cash Flow | -252.24K | -252.24K | -251.90K | -465.71K | -528.57K | -481.98K |
| Investing Cash Flow | -956.20K | -956.20K | -282.67K | -888.91K | -1.83M | -668.50K |
| Financing Cash Flow | 1.71M | 1.71M | -3.25K | 591.97K | 2.62M | 1.90M |
CANEX Metals Technical Analysis
CANEX Metals Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
55 Neutral | C$50.09M | -78.95 | -7.47% | ― | ― | -52.00% | |
52 Neutral | C$32.88M | 74.19 | 2.73% | ― | ― | ― | |
50 Neutral | C$37.17M | -3.78 | -67.80% | ― | ― | 42.48% | |
48 Neutral | C$44.91M | 60.29 | 1.86% | ― | ― | ― | |
45 Neutral | C$33.56M | -5.34 | -22.31% | ― | ― | -70.25% | |
45 Neutral | C$34.13M | ― | ― | ― | ― | ― |
CANEX Metals Corporate Events
CANEX Metals has secured control of Gold Basin Resources after more than 51% of Gold Basin’s outstanding shares were tendered to its takeover offer, enabling CANEX to proceed with share take-up, gain board control, and address Gold Basin’s regulatory issues and debts. With all remaining offer conditions waived and a partial revocation of Gold Basin’s cease-trade order extended to March 31, 2026, CANEX has introduced a mandatory 10-day extension of the offer to February 10, 2026, positioning the combined Gold Range–Gold Basin district in northern Arizona as a large, advanced oxide-gold camp with significant upside and offering remaining Gold Basin shareholders what the company characterizes as a final near-term opportunity to obtain liquidity and value for their shares.
The most recent analyst rating on (TSE:CANX) stock is a Hold with a C$0.26 price target. To see the full list of analyst forecasts on CANEX Metals stock, see the TSE:CANX Stock Forecast page.
CANEX Metals has reaffirmed its commitment to its outstanding offer to acquire all shares of Gold Basin Resources despite Gold Basin’s move to secure part of its sole material asset, the Gold Basin Project in Arizona, against an existing loan from related-party lender Charrua Capital. CANEX criticizes Gold Basin’s updated loan terms—which convert a previously unsecured US$500,000 facility into a secured loan over a portion of the project and extend forbearance to March 31, 2026 without a clear repayment plan—as a last-minute defensive tactic that risks transferring key assets to insiders, and urges Gold Basin shareholders to tender to CANEX’s estimated C$22 million all-share offer, arguing it better preserves asset value, supports potential district consolidation, and positions a new board to advance the project.
The most recent analyst rating on (TSE:CANX) stock is a Hold with a C$0.26 price target. To see the full list of analyst forecasts on CANEX Metals stock, see the TSE:CANX Stock Forecast page.
CANEX Metals has reported that 49.02% of Gold Basin Resources’ outstanding shares have been tendered to its all-share takeover offer, with additional tenders in progress that could soon satisfy the minimum 50% plus one share condition. The offer, valuing Gold Basin at about $20 million or roughly $0.15 per share, represents an implied 275% premium over Gold Basin’s last 30-day VWAP and is being extended to January 29, 2026, to give shareholders more time to tender amid significant logistical and regulatory hurdles at Gold Basin, including a cease trade order and the absence of a transfer agent, which CANEX suggests may make its bid one of the last opportunities for investors to exit an illiquid position.
The most recent analyst rating on (TSE:CANX) stock is a Hold with a C$0.26 price target. To see the full list of analyst forecasts on CANEX Metals stock, see the TSE:CANX Stock Forecast page.
CANEX Metals has reported that 47% of Gold Basin Resources’ shares have already been tendered to its all-share takeover offer, prompting the company to extend the offer deadline to January 19, 2026, to give additional time for shareholders to tender amid delays caused by Gold Basin’s lack of a transfer agent. The bid, which CANEX says values Gold Basin at approximately $18 million, or more than $0.13 per share and represents a roughly 221% premium to Gold Basin’s last-traded 30-day VWAP, has been strengthened by CANEX’s decision to waive its original 66 2/3% minimum tender condition and proceed once the statutory 50% threshold is met, sharpening the contrast with Gold Basin’s contested farm-in agreement with Helix Resources and offering shareholders a more liquid and immediate path to value. CANEX also highlighted ongoing permitting work at its Louise Copper-Gold Porphyry project in British Columbia, where it plans to drill new geophysical targets in 2026, underscoring its broader growth strategy in copper-gold exploration.
The most recent analyst rating on (TSE:CANX) stock is a Hold with a C$0.21 price target. To see the full list of analyst forecasts on CANEX Metals stock, see the TSE:CANX Stock Forecast page.
CANEX Metals has closed a non-brokered private placement of 20 million common shares at $0.15 each, raising $3 million and bringing prominent mining executive Eric Fier in as its largest shareholder with a 10% stake, alongside continued backing from strategic investor Michael Gentile and other industry investors. The financing strengthens CANEX’s balance sheet, removes financial risk around its all-share offer to acquire Gold Basin Resources, and funds exploration and district consolidation efforts in northern Arizona, while the company reports that approximately 44% of Gold Basin’s shares have already been tendered to its high-premium offer, signaling growing momentum for the proposed transaction and potential creation of a consolidated oxide gold district.
CANEX Metals Inc. has announced a C$3 million strategic financing led by mining industry leader Eric Fier, aimed at supporting its offer to acquire Gold Basin Resources. This financing is expected to mitigate financial risks and demonstrate CANEX’s capability to fund exploration and development in Northern Arizona, offering Gold Basin shareholders a significant premium and a path to liquidity amidst their current regulatory challenges.
CANEX Metals Inc. has announced that over 30% of Gold Basin Resources shareholders have committed to its offer to acquire all outstanding shares of Gold Basin. With the offer set to expire on December 12, 2025, CANEX emphasizes the urgency for remaining shareholders to tender their shares, especially as Gold Basin faces potential dissolution due to compliance failures. The acquisition is positioned as a strategic move to consolidate the Arizona district, promising superior value for Gold Basin shareholders compared to other alternatives.
CANEX Metals announced the re-election of its board of directors at the Annual & Special Meeting held on October 30, 2025. Shareholders approved the appointment of BDO Canada LLP as auditors and ratified the company’s stock option plan, indicating a stable governance structure and continued strategic focus on its exploration projects.