Canadian Metals (CME) AI Stock Analysis

• Market Cap: C$22.71M
• Dividend Yield: N/A
• Average Volume (3M): 67.01K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.31
• Revenue Growth: N/A
• EPS Growth: -118.62%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): N/A
• Shares Outstanding: 73,270,420
• 10 Day Avg. Volume: 60,125
• 30 Day Avg. Volume: 67,010
• PEG Ratio: -0.05
• Price to Book (P/B): 0.49
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -49.62
• 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: 50 Neutral
• Price Target: C$0.27 ▲(3.85% Upside)

The score is held back primarily by weak financial performance (pre-revenue, widening losses, and ongoing cash burn). Offsetting this, technical indicators show a constructive uptrend (price above key moving averages with positive MACD), while valuation remains challenged due to negative earnings and no dividend. Corporate updates are supportive (funding and drilling), but do not fully mitigate the core operating and cash-flow risks.

Positive Factors

Strong Equity Position

A strong equity position indicates financial stability, providing a buffer against operational challenges and potential for future investments.

Sustainable Mining Practices

Commitment to sustainable practices aligns with global trends and regulatory demands, potentially enhancing long-term market appeal and compliance.

Industry Demand for Silicon Metal

Growing demand in key industries like solar energy and aluminum production supports long-term revenue potential for silicon metal producers.

Negative Factors

No Revenue Generation

Lack of revenue generation indicates operational challenges and raises concerns about the company's ability to sustain itself without a significant strategic shift.

Negative Cash Flow

Negative cash flows suggest ongoing liquidity challenges, limiting the company's ability to invest in growth or weather financial downturns.

Ongoing Operational Losses

Persistent operational losses highlight inefficiencies and the need for substantial improvements to achieve profitability and long-term viability.

Canadian Metals Business Overview & Revenue Model

Company Description

Canadian Metals Inc. engages in the acquisition, exploration, evaluation, and development of mineral properties in Canada. It explores for silica, zinc, polymetallic, gold, and silver ores. Canadian Metals Inc. was incorporated in 2012 and is headquartered in Val-d'Or, Canada.

How the Company Makes Money

Canadian Metals generates revenue primarily through the sale of silicon metal, a key component in several industrial applications. The company owns and operates mining facilities where it extracts raw materials, processes them into silicon metal, and then sells the finished product to manufacturers in the aluminum, chemical, and energy sectors. Additionally, Canadian Metals may engage in strategic partnerships or joint ventures with other mining and industrial companies to expand its market reach and enhance production capabilities. Revenue is also influenced by market prices of silicon metal, production volumes, and operational efficiencies achieved through technological advancements in mining and processing.

Canadian Metals Financial Statement Overview

Summary

Operating fundamentals are weak: the company is pre-revenue with persistent losses, including a widened net loss in the latest period. The balance sheet shows modest leverage and relatively stable equity, but ongoing negative operating/free cash flow indicates reliance on external funding until sustainable revenue and positive operating cash flow are achieved.

Income Statement

The company remains pre-revenue (revenue is reported as 0 across the annual periods provided) and continues to post operating losses. Net loss widened meaningfully in the latest annual period (2025: about -$1.28M vs. 2024: about -$0.59M), and EBITDA is also negative, indicating the cost base is not yet supported by recurring operating inflows. While losses were smaller in 2023–2024 versus 2022, the recent step-up in losses increases execution risk until revenue traction is established.

Balance Sheet

Leverage appears modest with debt staying relatively low versus equity (debt-to-equity around ~0.09–0.10 in 2021–2024), which provides financial flexibility. Equity remains sizable (roughly $9.8M–$11.7M in 2022–2025), and assets are stable in the ~$11.6M–$13.4M range over 2022–2025. The key weakness is persistently negative returns on equity (loss-making profile), meaning the balance sheet strength could erode over time if losses and cash burn continue.

Cash Flow

Cash generation is weak with operating cash flow negative in every period shown, signaling ongoing cash burn. Free cash flow is also consistently negative, and deterioration is notable in 2024 (about -$2.16M) before improving in 2025 (about -$0.10M), which is a positive near-term shift but still not self-funding. Overall, the business likely remains dependent on financing until it can convert its asset base into sustainable operating inflows.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	―
Gross Profit	0.00	0.00	0.00	0.00	―
EBITDA	-1.10M	-430.00K	-421.00K	-886.00K	-277.00K
Net Income	-1.28M	-586.00K	-605.00K	-1.09M	-957.00K
Balance Sheet
Total Assets	11.61M	12.66M	13.41M	11.67M	12.82M
Cash, Cash Equivalents and Short-Term Investments	233.22K	379.17K	2.40M	929.66K	2.23M
Total Debt	1.12M	942.04K	993.86K	1.01M	1.01M
Total Liabilities	1.83M	1.59M	1.75M	1.77M	2.06M
Stockholders Equity	9.79M	11.07M	11.65M	9.90M	10.76M
Cash Flow
Free Cash Flow	-97.54K	-2.16M	-1.14M	-1.57M	-832.52K
Operating Cash Flow	-58.13K	-566.95K	-564.32K	-1.03M	-755.14K
Investing Cash Flow	37.19K	-517.68K	-1.23M	-493.87K	195.36K
Financing Cash Flow	0.00	-206.56K	2.27M	217.81K	2.28M

Canadian Metals Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.26
• 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:CME, the sentiment is Positive. The current price of 0.26 is below the 20-day moving average (MA) of 0.28, above the 50-day MA of 0.25, and above the 200-day MA of 0.16, indicating a bullish trend. The MACD of 0.01 indicates Negative momentum. The RSI at 59.14 is Neutral, neither overbought nor oversold. The STOCH value of 87.18 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:CME.

Canadian 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%
EPL	61 Neutral	C$17.81M	32.98	3.69%	―	18.73%	-91.64%
CME	50 Neutral	C$22.71M	-9.23	-5.48%	―	―	-118.62%
LLG	50 Neutral	C$15.24M	0.80	45.75%	―	―	158.45%
NBY	47 Neutral	C$20.69M	-5.50	-76.62%	―	―	-33.65%
MTS	45 Neutral	C$15.40M	-8.78	-92.01%	―	―	―
TGOL	45 Neutral	C$13.86M	-18.97	-6.33%	―	―	6.45%

Canadian Metals Corporate Events

Canadian Metals Launches Drilling Program and Modernizes Exploration in New Brunswick

Canadian Metals Inc. has commenced a 3,200-meter drilling program targeting high-priority areas in its Nicholas-Denys and Goldstrike projects in New Brunswick. This initiative is part of a broader re-evaluation of its mineral properties, leveraging modern technologies like hyperspectral core scanning to reinterpret historical exploration data. The company’s efforts aim to establish updated exploration priorities and develop a coherent geological model, potentially enhancing its industry positioning and stakeholder value.

Canadian Metals Secures $2.4 Million for Exploration in New Brunswick

Canadian Metals Inc. has successfully closed a $2.4 million non-brokered private placement, issuing units and flow-through units to fund exploration programs on its properties in the Bathurst Mining Camp, New Brunswick. This financial move aims to advance the company’s exploration efforts, with a portion of the proceeds allocated to eligible Canadian exploration expenses. The transaction includes a related party component, with insiders participating under exemptions from formal valuation and minority shareholder approval requirements.

Canadian Metals Launches $2.4 Million Private Placement for Exploration

Canadian Metals Inc. announced a non-brokered private placement to raise up to $2.4 million to fund exploration programs on its properties in the Bathurst Mining Camp, New Brunswick. The offering includes units and flow-through units, with proceeds intended for exploration expenses qualifying as Canadian exploration expenses. This move aims to enhance the company’s exploration capabilities, potentially strengthening its position in the mining industry and offering new opportunities for stakeholders.

Canadian Metals Closes $2.3 Million Private Placement to Boost Exploration

Canadian Metals Inc. has successfully closed a $2.3 million non-brokered private placement, issuing units and flow-through units to advance exploration programs in the Bathurst Mining Camp, New Brunswick. The funds will support exploration expenses qualifying as Canadian exploration expenses, enhancing the company’s resource development efforts and potentially impacting its market positioning within the mining industry.