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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 | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -3.81K | -4.73K | -2.13K | -3.38K | -30.00 | -18.00 |
| EBITDA | -546.63K | -492.08K | -247.00K | -463.60K | -781.33K | -805.00K |
| Net Income | -543.98K | -496.82K | -279.00K | -535.40K | -781.36K | -806.00K |
Balance Sheet | ||||||
| Total Assets | 10.36M | 7.60M | 5.97M | 5.92M | 5.77M | 3.88M |
| Cash, Cash Equivalents and Short-Term Investments | 3.16M | 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 | 308.44K | 319.77K | 96.15K | 98.25K | 145.09K | 233.70K |
| Stockholders Equity | 10.05M | 7.28M | 5.87M | 5.83M | 5.62M | 3.65M |
Cash Flow | ||||||
| Free Cash Flow | -707.90K | -252.24K | -596.13K | -1.52M | -2.59M | -1.28M |
| Operating Cash Flow | -378.34K | -252.24K | -251.90K | -465.71K | -528.57K | -481.98K |
| Investing Cash Flow | -1.18M | -956.20K | -282.67K | -888.91K | -1.83M | -668.50K |
| Financing Cash Flow | 4.27M | 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% | |
52 Neutral | C$26.66M | 5.25 | 2.73% | ― | ― | ― | |
50 Neutral | C$36.16M | -5.31 | -74.08% | ― | ― | 42.48% | |
49 Neutral | C$45.90M | -34.62 | -7.05% | ― | ― | -52.00% | |
48 Neutral | C$31.77M | -2.59 | 1.86% | ― | ― | ― | |
45 Neutral | C$27.46M | -7.62 | -22.31% | ― | ― | -70.25% | |
45 Neutral | C$34.40M | -2.86 | ― | ― | ― | ― |
CANEX Metals Corporate Events
CANEX Metals has confirmed that Gold Basin Resources shareholders elected an entirely new five-member board at the company’s annual general meeting, with all resolutions passed unanimously on a turnout representing more than half of the outstanding shares. The newly appointed leadership, including Shane Ebert as CEO and a refreshed audit committee, is tasked with resolving Gold Basin’s regulatory and compliance issues and repositioning it in Arizona’s oxide gold district.
As Gold Basin’s controlling shareholder, CANEX sees the governance overhaul as a key step toward stabilizing the asset, restoring regulatory standing after a cease trade order and ultimately pursuing a full privatization of Gold Basin. The company has already issued over 41 million CANEX shares under its February take-over bid and envisions more aggressive exploration across the combined Gold Range–Gold Basin district once the transaction is completed, with the aim of unlocking a large-scale gold camp for investors.
The most recent analyst rating on (TSE:CANX) stock is a Hold with a C$0.23 price target. To see the full list of analyst forecasts on CANEX Metals stock, see the TSE:CANX Stock Forecast page.
CANEX Metals has called an annual general meeting of Gold Basin Resources Corporation shareholders for March 16, 2026, in Vancouver, under an order from the Supreme Court of British Columbia. The agenda includes receiving 2024 financial statements, appointing auditors, setting the board size at five and voting on a CANEX-backed slate of five director nominees.
The meeting and dissident proxy effort underscore CANEX’s push to assert its control over Gold Basin after management allegedly resisted a leadership transition. As Gold Basin’s largest and controlling shareholder, CANEX is urging investors to use its GOLD proxy materials, signaling an escalating governance contest that could reshape the company’s board and strategic direction.
The most recent analyst rating on (TSE:CANX) stock is a Hold with a C$0.28 price target. To see the full list of analyst forecasts on CANEX Metals stock, see the TSE:CANX Stock Forecast page.
CANEX Metals said the Supreme Court of British Columbia has ordered an annual general meeting of Gold Basin Resources shareholders for March 16, 2026, and authorized CANEX to send notice and conduct the meeting as if it were called by Gold Basin’s own directors. The court appointed an independent chair, directed Gold Basin to correct its securities register in relation to CANEX’s takeover bid, and held that Gold Basin’s own attempt to set a later meeting and solicit third-party proposals was a delaying tactic.
Under the order, Gold Basin is restrained from conducting most corporate and financial transactions without prior court approval until the conclusion of the March meeting, limiting asset sales, security issuances, new debt, guarantees, and significant cash movements. The ruling strengthens CANEX’s position in its all-share takeover bid and curbs the incumbent Gold Basin board’s ability to reshuffle assets or seek rival proposals, raising the stakes for Gold Basin shareholders ahead of a decisive vote on the company’s future direction.
The most recent analyst rating on (TSE:CANX) stock is a Hold with a C$0.30 price target. To see the full list of analyst forecasts on CANEX Metals stock, see the TSE:CANX Stock Forecast page.
CANEX Metals has successfully concluded its offer for Gold Basin Resources, taking up a total of 73,026,822 Gold Basin shares, equal to 54.04% of the company’s outstanding stock, following the expiry of a mandatory 10-day extension. Gold Basin shareholders who tendered during this period will receive CANEX shares promptly, marking a key step in CANEX’s strategic consolidation of gold assets.
The company plans to call a special meeting of Gold Basin shareholders to seek approval for a subsequent acquisition transaction aimed at fully privatizing Gold Basin and acquiring all remaining shares. Upon completion, CANEX intends to have Gold Basin apply for delisting from the TSX Venture Exchange and, where allowed by law, cease to be a reporting issuer, further integrating the asset into CANEX’s portfolio and simplifying its corporate structure.
The most recent analyst rating on (TSE:CANX) stock is a Hold with a C$0.30 price target. To see the full list of analyst forecasts on CANEX Metals stock, see the TSE:CANX Stock Forecast page.
CANEX Metals has secured a controlling 51.93% stake in Gold Basin Resources through its takeover offer, making it the largest shareholder and positioning the company to drive the future of the Gold Basin gold district. Backed by a court order reinstating Gold Basin’s transfer agent and restricting the current directors from incurring new debt or disposing of assets without court approval, CANEX is pushing for a court-ordered annual general meeting on February 11, 2026, where it will install a new board and pursue a merger of Gold Basin into CANEX to reduce overhead, resolve regulatory and legal issues, and advance the consolidated gold assets, while warning that shareholders who do not tender to the offer may be left with illiquid shares in a controlled company.
The most recent analyst rating on (TSE:CANX) stock is a Hold with a C$0.30 price target. To see the full list of analyst forecasts on CANEX Metals stock, see the TSE:CANX Stock Forecast page.
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.