Capella Minerals (CMIL) AI Stock Analysis

• Market Cap: C$5.62M
• Dividend Yield: N/A
• Average Volume (3M): 175.70K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.52
• Revenue Growth: N/A
• EPS Growth: 79.40%
• Country: CA
• Employees: 7
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Other Precious Metals
• EPS (TTM): >-0.01
• Shares Outstanding: 41,609,530
• 10 Day Avg. Volume: 428,935
• 30 Day Avg. Volume: 175,699
• PEG Ratio: -0.24
• Price to Book (P/B): -4.46
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -2.72
• 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$0.15 ▲(50.00% Upside)

The score is held down primarily by weak financial performance (pre-revenue operations, ongoing losses/cash burn, and negative equity). Technicals are supportive with strong momentum above major moving averages, but elevated RSI/Stoch suggest the move may be stretched. Valuation is difficult to support on earnings due to a negative P/E and no dividend yield data.

Positive Factors

Improving loss trajectory

A materially smaller net loss versus FY2024 indicates sustained cost discipline and progress toward operational stabilization. Over 2-6 months this reduces immediate financing pressure, lengthens runway, and increases the chance management can reach break-even before further dilution is required.

Year-over-year FCF improvement

A ~52% year-over-year improvement in trailing free cash flow signals improving cash management and operating efficiency. While still negative, a durable trend of narrowing cash burn lowers reliance on external funding and supports longer-term project development plans.

Low absolute leverage

Relatively low reported debt today reduces near-term insolvency and interest burden risk, giving the company flexibility to pursue development activities. This structural cushion is valuable in volatile metals markets and eases pressure on operating cash flow in the medium term.

Negative Factors

No revenue

Absence of revenue is a fundamental constraint: the business remains unproven commercially and depends on financing to progress. Over months, lack of operating income sustains dilution risk, limits reinvestment capacity, and makes long-term viability contingent on project milestones or external funding.

Persistent cash burn

Ongoing negative operating and free cash flow constrain strategic options and require continued capital raises. Structurally, persistent cash burn increases the probability of equity dilution or scaled-back programs, reducing ability to advance projects or invest in growth without external financing.

Balance-sheet volatility and negative equity

Large swings in assets and a period of negative equity signal capital-base instability and heightened financing risk. Over the medium term this undermines credit access, raises dilution likelihood, and complicates long-term project funding and contractual flexibility for a development-stage miner.

Capella Minerals Business Overview & Revenue Model

Company Description

Capella Minerals Limited, together with its subsidiaries, engages in the acquisition, exploration, and evaluation of mineral properties in Canada. It primarily explores for gold, copper, and lithium deposits, as well as for silver and zinc deposits. The company holds 100% interests in the Southern Gold Line project in Sweden; Hessjøgruva Project located in the northern Røros Mining District, Norway; Vaddas-Birtavarre Copper-Cobalt project in northern Norway; and Kjøli and Løkken Project in the Trøndelag County. It also holds interests in the Domain, Manitoba, and Savant Lake projects in Ontario, Canada; Aakenus-Katajavaara project in northern Finland; Perho project located in Southern Finland; and Sierra Blanca Gold-Silver Project in Santa Cruz, Argentina. The company was formerly known as New Dimension Resources Ltd. and changed its name to Capella Minerals Limited in November 2020. Capella Minerals Limited was incorporated in 2005 and is based in Mission, Canada.

How the Company Makes Money

Capella Minerals generates revenue through the exploration and development of mineral properties, primarily focusing on gold and copper. The company makes money by identifying and acquiring promising mineral assets, conducting exploration activities to assess their potential, and then either developing these assets into operational mines or selling them to larger mining companies. Revenue can also be generated through strategic partnerships or joint ventures with other mining firms, which may provide funding and expertise to advance projects. Additionally, Capella Minerals may earn income by licensing or selling exploration data and rights associated with their mineral properties.

Capella Minerals Financial Statement Overview

Summary

Development-stage financial profile with no revenue and ongoing losses (TTM EBIT about -$1.10M; net loss about -$1.32M) and persistent cash burn (TTM FCF about -$763K). While losses and free cash flow have improved versus prior year, balance-sheet stability is a concern given recent negative equity (FY2025) and significant asset/equity volatility, implying elevated financing/dilution risk.

Income Statement

The company reports no revenue across the available periods, with ongoing operating losses. In TTM (Trailing-Twelve-Months), results remain meaningfully negative (EBIT about -$1.10M; net loss about -$1.32M). Losses improved materially versus FY2024 (net loss about -$5.75M), but profitability is still not established and the lack of revenue keeps the earnings profile highly dependent on cost control and non-operating items.

Balance Sheet

Leverage is low in absolute terms (TTM debt about $186K vs equity about $821K), suggesting limited balance-sheet debt pressure today. However, the capital base has been volatile: FY2025 shows negative equity (about -$488K), which is a key financial risk signal even if it later turns positive in TTM. Total assets also swung significantly (from ~$6.57M in FY2023 to ~$1.45M in FY2025), indicating reduced balance-sheet scale and potential funding/asset-impairment volatility.

Cash Flow

Cash generation remains weak with persistent cash burn: TTM operating cash flow is about -$725K and free cash flow about -$763K. While free cash flow improved year-over-year in TTM (growth ~52%), the business still relies on external funding to sustain operations. Cash outflows have been a recurring pattern across the annual periods, limiting financial flexibility until revenue or materially lower cash costs emerge.

Breakdown	Dec 2025	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00
Gross Profit	0.00	0.00	-881.00	0.00	0.00
EBITDA	-728.16K	-765.00K	-1.07M	-999.00K	-614.00K
Net Income	-1.12M	-5.75M	-1.45M	-2.29M	1.55M
Balance Sheet
Total Assets	1.45M	2.24M	6.57M	4.63M	6.38M
Cash, Cash Equivalents and Short-Term Investments	33.63K	61.41K	57.97K	96.51K	1.10M
Total Debt	233.02K	214.12K	382.78K	420.69K	40.00K
Total Liabilities	1.84M	1.50M	1.39M	638.07K	380.79K
Stockholders Equity	-487.51K	641.15K	5.05M	3.87M	6.00M
Cash Flow
Free Cash Flow	-797.84K	-574.74K	-813.48K	-2.35M	-2.41M
Operating Cash Flow	-424.19K	-471.88K	-743.14K	-891.05K	-1.31M
Investing Cash Flow	339.95K	-938.63K	-853.12K	-87.56K	-923.86K
Financing Cash Flow	105.60K	1.39M	1.53M	-30.00K	3.27M

Capella Minerals 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%
CMIL	50 Neutral	C$5.62M	-4.35	-1035.65%	―	―	79.40%
AMZ	49 Neutral	C$5.54M	-13.16	-25.74%	―	―	98.11%
CRC	48 Neutral	C$6.71M	-3.91	-5.67%	―	―	64.95%
HML	44 Neutral	C$6.43M	-0.99	―	―	―	11.47%
MLKM	39 Underperform	C$5.05M	―	-14.12%	―	―	―

Capella Minerals Corporate Events

Capella Minerals Moves Into Southern Spain with Earn-In on Solana IOCG Copper-Gold District

Capella Minerals has signed a binding letter of intent with Verde Minerals for an earn-in agreement on the Solana iron oxide copper-gold project in southern Spain, expanding its copper-gold portfolio into a 35 km-plus district that hosts historic high-grade copper-gold and iron operations. The Solana project, located near key infrastructure and renewable energy sources and along the same structural corridor as the historic Minas de Alquife iron mine, will see immediate ramp-up of exploration work focused on uncovering buried IOCG-style deposits beneath extensive surface vein systems, with geophysical surveys and first-pass diamond drilling planned for 2026 under newly appointed project manager John Gray, positioning Capella for potential new copper-gold discoveries in a relatively underexplored Spanish belt.

The most recent analyst rating on (TSE:CMIL) stock is a Hold with a C$0.13 price target. To see the full list of analyst forecasts on Capella Minerals stock, see the TSE:CMIL Stock Forecast page.

Capella Minerals Converts Debt to Equity and Restructures Director Loan Ahead of Rescheduled AGM

Capella Minerals has converted C$262,607 of outstanding liabilities, including management and director fees and part of a promissory note, into 4,376,784 common shares in a bid to conserve cash, with all shares subject to a four-month-plus-one-day trading hold. The company has also replaced a previous unapproved convertible promissory note with a new US$133,177 unsecured, non-convertible note held by a director, maturing in August 2026, and rescheduled its annual general and special meeting to January 30, 2026, steps that collectively underscore ongoing efforts to manage its balance sheet, comply with securities regulation, and maintain shareholder governance while it seeks new projects and funding.

The most recent analyst rating on (TSE:CMIL) stock is a Hold with a C$0.10 price target. To see the full list of analyst forecasts on Capella Minerals stock, see the TSE:CMIL Stock Forecast page.

Capella Minerals Launches Maiden Drilling at Killerö Project in Finland

Capella Minerals Ltd has commenced its maiden diamond drilling program at the Killerö gold-copper project in northern Finland, focusing on the Killerö E target. This initiative is part of a fully-funded agreement with Tümad and aims to explore significant gold-copper anomalies identified in the Central Lapland Greenstone Belt. The drilling program, consisting of 11 holes over 2,200 meters, is expected to provide insights into the mineral potential of the area, enhancing Capella’s strategic positioning in the exploration of Precambrian orogenic gold and copper deposits.

Capella Minerals Completes $1.5 Million Financing and Grants Stock Options

Capella Minerals Ltd has successfully closed a private placement, raising C$1,500,000 through the sale of 30,000,000 units. Each unit includes one common share and one share purchase warrant, with proceeds intended for general purposes and potential project acquisitions. Additionally, Capella granted 4,500,000 stock options to its directors, officers, and consultants, reflecting its commitment to incentivize its team as it pursues growth opportunities.