C3 Metals (CCCM) AI Stock Analysis

• Market Cap: C$114.87M
• Dividend Yield: N/A
• Average Volume (3M): 52.89K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.11
• Revenue Growth: N/A
• EPS Growth: 10.13%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): N/A
• Shares Outstanding: 99,884,800
• 10 Day Avg. Volume: 55,947
• 30 Day Avg. Volume: 52,894
• PEG Ratio: 0.00
• Price to Book (P/B): 1.10
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -33.80
• 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$1.00 ▼(-20.00% Downside)

The score is held down primarily by weak financial performance, with zero TTM revenue, ongoing losses, and persistent cash burn despite a debt-free balance sheet. Technical indicators provide a modest offset (price above key moving averages and slightly positive MACD), while valuation remains constrained by negative earnings and no dividend information.

Positive Factors

Debt-free balance sheet and sizable equity

A zero-debt position combined with a substantially larger equity base provides durable financial flexibility for exploration cycles. It reduces insolvency risk, supports multi-stage drilling programs, and improves bargaining power in joint ventures or earn-in deals that underpin long-term project advancement.

Exploration business model with clear monetization paths

The company's explicit model—creating value by de-risking and advancing exploration assets toward sale or JV—aligns incentives with partners and can be capital-efficient. That structural approach allows project de-risking to be monetized without immediate production, a durable route to value in the mining sector.

Focused copper and gold exploration operations

A clear technical focus on copper and gold with activities like mapping, geochemistry and drilling concentrates expertise and resource potential. Persistent technical work raises the probability of defining economic mineralization, a fundamental driver of long-term asset value in exploration companies.

Negative Factors

Zero TTM revenue and recurring net losses

Absence of recurring revenue and continued net losses mean the company lacks an operating cash-generating base. Over time this erodes equity, reduces optionality to fund programs internally, and makes the firm reliant on external capital or transactions to validate project economics and sustain operations.

Persistent negative operating and free cash flow

Ongoing negative operating and free cash flow indicate the company consumes cash to fund exploration and overhead. This structural cash burn necessitates repeated capital raises, constrains the scale and timing of drilling programs, and limits the firm's ability to self-fund multi-year resource development.

Structural reliance on external financing and partners

Dependence on equity financing and earn-in/joint-venture arrangements is a persistent risk: market conditions can limit access or increase dilution, and partner terms may be unfavorable. This reliance affects long-term shareholder dilution and can delay or alter the pace of project advancement.

C3 Metals Business Overview & Revenue Model

Company Description

C3 Metals Inc. engages in the identification, acquisition, exploration, and evaluation of copper and gold deposits in Peru, Jamaica, and Canada. Its flagship property is the Jasperoide copper and gold project that consists of 49 claims covering an area of 267 square kilometers located in Southern Peru. The company was formerly known as Carube Copper Corp. and changed its name to C3 Metals Inc. in July 2020. C3 Metals Inc. is based in Toronto, Canada.

How the Company Makes Money

C3 Metals generates revenue through the exploration and development of its mineral projects, primarily focusing on copper and gold. The company makes money by identifying and developing mineral-rich properties, conducting geological surveys, and executing drilling programs to prove the viability of these resources. Once a mineral deposit is sufficiently explored and developed, C3 Metals may either sell the rights to the property to a larger mining company, enter into joint ventures, or bring the project into production themselves. Additional revenue streams can include royalties from partnerships or the sale of extracted minerals. The company’s ability to secure funding, manage exploration costs, and establish strategic partnerships with other mining firms or investors are critical factors contributing to its financial success.

C3 Metals Financial Statement Overview

Summary

Operating performance is weak: TTM revenue is zero with sizable recurring losses (about 3.1M net loss) and negative operating earnings. Cash flow is also negative (TTM operating cash flow ~-2.6M; free cash flow ~-3.0M), indicating ongoing cash burn. The balance sheet is a relative positive with zero reported debt and higher equity (~75.9M TTM), but negative returns reflect that the equity base is not currently generating profits.

Income Statement

Profitability is weak. In TTM (Trailing-Twelve-Months), revenue is zero and losses remain sizable (net loss of about 3.1M, with negative operating earnings). Results have been volatile year to year, including a brief revenue year in 2023, but the company has not demonstrated a consistent, scalable revenue base or sustained margin improvement.

Balance Sheet

The balance sheet is a relative strength: total debt is reported as zero across periods, and equity is substantial and trending higher (about 75.9M in TTM versus ~27.0M in 2021). However, returns on equity are negative in recent periods, reflecting ongoing losses and indicating the asset/equity base is not currently generating profits.

Cash Flow

Cash generation is pressured. TTM (Trailing-Twelve-Months) operating cash flow is negative (~2.6M) and free cash flow is also negative (~3.0M), meaning the business is consuming cash rather than funding itself. While free cash outflow improved versus some prior years (e.g., 2023–2024), the trajectory is still unfavorable with negative free cash flow growth in TTM and continued reliance on external funding over time.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	0.00	0.00	3.25M	0.00	0.00
Gross Profit	-9.29K	-8.59K	1.63M	-404.00	-260.00
EBITDA	-2.89M	-2.28M	-815.00K	-3.49M	-5.53M
Net Income	-2.90M	-2.29K	-927.27K	-4.29M	-7.91M
Balance Sheet
Total Assets	75.53M	60.06M	55.34M	49.54M	28.19M
Cash, Cash Equivalents and Short-Term Investments	11.93M	1.55M	2.89M	7.63M	5.97M
Total Debt	0.00	0.00	0.00	0.00	0.00
Total Liabilities	1.22M	365.04K	482.15K	1.01M	1.15M
Stockholders Equity	74.30M	59.69M	54.85M	48.52M	27.05M
Cash Flow
Free Cash Flow	-2.43M	-9.17M	-10.77M	-3.81M	-2.35M
Operating Cash Flow	-2.41M	-2.35M	-2.60M	-3.79M	-2.29M
Investing Cash Flow	-2.35M	-6.79M	-6.85M	-13.09M	-4.70M
Financing Cash Flow	14.94M	7.85M	4.87M	17.98M	9.60M

C3 Metals Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.25
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:CCCM, the sentiment is Negative. The current price of 1.25 is below the 20-day moving average (MA) of 1.26, above the 50-day MA of 1.24, and above the 200-day MA of 0.95, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 44.03 is Neutral, neither overbought nor oversold. The STOCH value of 38.82 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:CCCM.

C3 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%
FPC	52 Neutral	C$176.02M	-73.91	-4.06%	―	―	54.00%
NCF	50 Neutral	C$225.99M	-163.64	-6.95%	―	―	34.09%
CCCM	49 Neutral	C$114.87M	-33.72	-4.33%	―	―	10.13%
BCM	49 Neutral	C$271.56M	-1.67	-525.71%	―	-4.16%	-66.82%
NILI	47 Neutral	C$144.46M	-17.14	-52.53%	―	―	19.92%
EMO	42 Neutral	C$167.94M	-12.31	-46.38%	―	―	19.55%

C3 Metals Corporate Events

C3 Metals Upsizes Bought Deal Financing to $24 Million for Copper-Gold Projects

C3 Metals has upsized its previously announced bought deal private placement to raise gross proceeds of approximately $24.3 million through the issuance of 22.13 million common shares at $1.10 per share, with an additional underwriters’ option that could bring in up to $3.65 million more. The capital will be directed primarily to exploration and development at its 100%-owned Khaleesi copper-gold project and 50%-owned Super Block project, as well as for general working capital, marking a significant funding boost for its core assets in Peru and Jamaica; the offering, led by Paradigm Capital, is expected to close in February subject to regulatory approvals and may involve insider participation under minority protection rules, potentially strengthening the company’s balance sheet and advancing its project pipeline in a competitive copper-gold exploration landscape.

The most recent analyst rating on (TSE:CCCM) stock is a Hold with a C$1.00 price target. To see the full list of analyst forecasts on C3 Metals stock, see the TSE:CCCM Stock Forecast page.

C3 Metals Launches $20 Million Bought-Deal Financing to Advance Copper-Gold Projects

C3 Metals Inc. has arranged a $20 million bought-deal private placement, selling 18,182,000 common shares at $1.10 each through a syndicate of underwriters led by Paradigm Capital, with an option to raise up to an additional $3 million by issuing 2,728,000 more shares at the same price. The financing, which is subject to regulatory and stock exchange approvals and is expected to close in mid-February, will fund exploration and development at the company’s 100%-owned Khaleesi copper-gold project and 50%-owned Super Block project, as well as general working capital, supporting its broader strategy to advance sizeable copper-gold assets in Peru and Jamaica; insider participation could classify the deal as a related-party transaction, though the company plans to rely on available exemptions under Canadian securities rules.

The most recent analyst rating on (TSE:CCCM) stock is a Hold with a C$1.00 price target. To see the full list of analyst forecasts on C3 Metals stock, see the TSE:CCCM Stock Forecast page.

C3 Metals Confirms High-Grade Porphyry-Style Copper-Gold Zone in Second Hole at Khaleesi Project in Peru

C3 Metals has reported encouraging results from the second drill hole at its Khaleesi copper project in southern Peru, intersecting 51.1 metres grading 0.54% copper and 0.31 g/t gold (0.86% CuEq), including a higher-grade core of 18.0 metres at 1.08% copper and 0.76 g/t gold (1.85% CuEq). The hole, designed to test the southwest extension of mineralization discovered in the first drill hole and underlying geophysical anomalies, has revealed a new porphyry-style copper-gold mineralization overprinting garnet skarn at approximately 250 metres vertical depth, featuring minerals such as chalcocite, bornite, chalcopyrite and visible gold. Together with the earlier hole, the results indicate telescoping and multiple copper-mineralizing events in a broader hydrothermal system, which management believes could help vector drilling toward the central “heat engine” intrusion, potentially enhancing the project’s exploration upside and strategic significance within the copper-gold exploration space.

The most recent analyst rating on (TSE:CCCM) stock is a Hold with a C$1.00 price target. To see the full list of analyst forecasts on C3 Metals stock, see the TSE:CCCM Stock Forecast page.

C3 Metals Hits High-Grade Porphyry-Style Copper-Gold in Second Hole at Khaleesi Project in Peru

C3 Metals reported encouraging results from the second drill hole at its Khaleesi copper project in southern Peru, intersecting 51.1 metres grading 0.54% copper and 0.31 g/t gold (0.86% CuEq), including a high-grade interval of 18.0 metres at 1.08% copper and 0.76 g/t gold (1.85% CuEq). The hole, drilled along a marble–diorite contact to test extensions of mineralization from the first hole, revealed a new porphyry-style copper-gold mineralization overprinting garnet skarn, characterized by chalcocite, bornite, chalcopyrite and visible gold in sheeted quartz veinlets. Together with the earlier hole, the results indicate a telescoped, multi-phase hydrothermal system and suggest proximity to a potential high-grade porphyry “heat engine,” giving C3 Metals a stronger geological vector for follow-up drilling and potentially enhancing the exploration upside and strategic value of the Khaleesi project.

The most recent analyst rating on (TSE:CCCM) stock is a Hold with a C$1.00 price target. To see the full list of analyst forecasts on C3 Metals stock, see the TSE:CCCM Stock Forecast page.

C3 Metals Restores Jamaican Operations and Resumes Exploration After Hurricane Melissa

C3 Metals has fully restored project infrastructure in Jamaica following the impact of Hurricane Melissa and has restarted exploration activities at its 50%-owned Super Block project and 100%-owned Bellas Gate project, where drilling and a large 3DIP geophysical survey have resumed under a funding partnership with Freeport-McMoRan Exploration Corporation. Alongside the operational restart, the company implemented a community assistance program that delivered essential supplies, repaired roads, and provided building materials to help rebuild homes and community structures, supporting about 500 families across three communities and reinforcing its social licence to operate in one of its key exploration jurisdictions.

The most recent analyst rating on (TSE:CCCM) stock is a Hold with a C$1.00 price target. To see the full list of analyst forecasts on C3 Metals stock, see the TSE:CCCM Stock Forecast page.

C3 Metals Discovers Promising Copper Mineralization at Khaleesi Project

C3 Metals Inc. announced the results of its first drill hole at the Khaleesi copper project in Peru, revealing a significant intersection of 269 meters at 0.30% copper, including 60.4 meters at 0.41% copper. This initial drilling result indicates the potential for a large copper system, with mineralization extending under glacial till cover, suggesting a larger drill target area. The project is strategically positioned in a region with other large-scale copper operations, and further drilling is planned to explore the extent of the mineralization.

C3 Metals Shifts Focus to Community Aid in Jamaica Post-Hurricane Melissa

C3 Metals Inc. has shifted its focus from exploration to community assistance in Jamaica following the impact of Hurricane Melissa. While the company’s equipment and personnel remain safe, infrastructure damage has halted exploration activities, with repairs expected to take six to eight weeks. During this time, C3 Metals is actively involved in providing essential aid to affected communities and assisting in clearing debris to restore access to project sites.