Churchill Resources Inc (CRI) AI Stock Analysis

• Market Cap: C$71.00M
• Dividend Yield: N/A
• Average Volume (3M): 399.47K
• Price to Earnings (P/E): ―
• Beta (1Y): 2.91
• Revenue Growth: N/A
• EPS Growth: 72.34%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): N/A
• Shares Outstanding: 295,847,840
• 10 Day Avg. Volume: 543,494
• 30 Day Avg. Volume: 399,467
• PEG Ratio: 0.08
• Price to Book (P/B): 9.16
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -5.31
• 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: 40 Underperform
• Price Target: C$0.19 ▼(-34.48% Downside)

The score is driven primarily by weak financial performance (pre-revenue profile, persistent losses, and ongoing cash burn) and a bearish near-term technical setup (trading below key moving averages with negative MACD). Valuation is also constrained by a negative P/E and no dividend support.

Positive Factors

Low leverage / zero debt

A very light leverage profile, with debt falling back to zero in 2025 after a modest 2024 increase, provides durable financial flexibility. Lower fixed obligations reduce insolvency risk, extend runway versus highly leveraged peers, and support execution of strategy while cash burn is addressed.

Improving cash burn trend

Sequential reduction in cash outflows indicates management is slowing cash erosion and improving operational discipline. Over a 2–6 month horizon this materially extends the company’s financing runway, lowers near-term funding urgency, and increases the probability management can execute corrective measures without immediate dilutive capital raises.

Smaller recent loss

A narrowing annual loss suggests progress on cost control or restructuring that could persist. If durable, this trend supports a pathway toward breakeven and reduces cumulative equity erosion risk over the medium term, improving the company’s ability to stabilize operations and attract patient capital.

Negative Factors

Pre-revenue operating model

A sustained lack of operating revenue is a structural weakness: without a commercial top line the business relies on external financing to fund operations. This makes long-term viability contingent on successful commercialization or continual capital raises, increasing execution and funding risk.

Persistent negative cash flow

Consistent negative operating and free cash flow indicates the business is not self-funding and will need external capital to continue. This creates ongoing dilution or refinancing risk, constrains investment in growth initiatives, and undermines the firm’s ability to withstand prolonged market or sector stress.

Declining equity / capital erosion

Falling shareholder equity signals cumulative losses eating the capital base, reducing the buffer against future losses and limiting borrowing capacity. Over months this weakens solvency metrics, raises creditor scrutiny, and increases the probability of dilutive financings or restructuring needs to restore balance-sheet health.

Churchill Resources Inc Business Overview & Revenue Model

Company Description

Churchill Resources Inc. operates in the mining industry in Canada. It explores for nickel, copper, and cobalt deposits. The company focuses on the exploration and development of the Taylor Brook project in Newfoundland; Florence Lake in Labrador, Pelly Bay project in Nunavut; and White River project in Ontario. It also focuses on the exploration and development of the Florence Lake project consisting of two blocks, including northern Florence Lake block covering an area of approximately 5,025 hectares, and southern Seahorse Lake block covering an area of approximately 4,300 hectares, and license containing 172 claims located in Labrador. The company was incorporated in 2017 and is headquartered in Toronto, Ontario.

How the Company Makes Money

Churchill Resources Inc generates revenue through the exploration and development of mineral resources. The company makes money by identifying and acquiring promising mineral properties and then conducting exploration activities to evaluate the potential of these sites. Once significant mineral deposits are confirmed, the company can either develop the mining operations itself or sell or lease the rights to other mining companies. Additionally, Churchill Resources may enter into joint ventures or partnerships with other companies to share the costs and benefits of exploration and development projects. Revenue can also be generated through strategic alliances and licensing agreements with industry players interested in accessing the company's mineral resources.

Churchill Resources Inc Financial Statement Overview

Summary

Churchill Resources Inc. faces significant financial challenges, typical for early-stage mining companies, with no revenue and ongoing losses. The balance sheet indicates moderate leverage, but negative cash flows highlight the urgent need for external funding.

Income Statement

Churchill Resources Inc. has consistently reported no revenue, which is typical for early-stage mining companies. However, the company is facing significant net losses, with a negative net income margin in the TTM (Trailing-Twelve-Months) period. This highlights a challenging profitability scenario, as costs continue to exceed any income generated.

Balance Sheet

The company's balance sheet shows a moderate debt level with a debt-to-equity ratio of 0.60 in the TTM period, indicating some reliance on debt financing. Stockholders' equity has declined over time, reflecting the accumulated losses. The equity ratio of 41.42% indicates that a substantial portion of assets is financed by equity, providing some stability but also pointing to financial strain.

Cash Flow

Operating cash flow is negative, which is concerning for future sustainability. The free cash flow is also negative, further emphasizing the company's need for external financing. The heavy reliance on financing activities, as reflected in positive financing cash flows, demonstrates a dependency on raising capital to fund operations.

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	0.00	0.00	0.00	0.00	-16.06K	-15.92K
EBITDA	-2.72M	-2.51M	-5.82M	-3.52M	-4.86M	-3.90M
Net Income	-2.51M	-2.51M	-5.93M	-3.07M	-4.88M	-3.92M
Balance Sheet
Total Assets	3.37M	3.37M	3.85M	2.84M	3.66M	3.82M
Cash, Cash Equivalents and Short-Term Investments	646.08K	646.08K	976.86K	50.83K	2.16M	2.72M
Total Debt	0.00	0.00	1.13M	0.00	13.67K	29.75K
Total Liabilities	1.74M	1.74M	1.57M	695.76K	836.48K	949.49K
Stockholders Equity	1.64M	1.64M	2.28M	2.15M	2.82M	2.88M
Cash Flow
Free Cash Flow	-1.86M	-2.83M	-5.07M	-3.82M	-5.16M	-1.36M
Operating Cash Flow	-1.85M	-2.83M	-5.04M	-3.68M	-5.05M	-1.23M
Investing Cash Flow	-22.02K	-42.10K	-32.95K	-143.60K	-111.09K	234.54K
Financing Cash Flow	2.54M	2.54M	6.00M	1.71M	4.61M	3.72M

Churchill Resources Inc Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.29
• 50DMA: Negative
• 100DMA: Positive
• 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:CRI, the sentiment is Positive. The current price of 0.29 is above the 20-day moving average (MA) of 0.23, above the 50-day MA of 0.24, and above the 200-day MA of 0.11, indicating a neutral trend. The MACD of -0.02 indicates Positive momentum. The RSI at 51.60 is Neutral, neither overbought nor oversold. The STOCH value of 56.40 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:CRI.

Churchill Resources Inc 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%
LIS	52 Neutral	C$51.60M	-12.13	-32.98%	―	―	31.55%
NMI	51 Neutral	C$49.94M	-51.14	-3.86%	―	―	―
JUGR	45 Neutral	C$54.91M	-23.20	-7.37%	―	―	93.24%
CRI	40 Underperform	C$71.00M	-19.67	-127.83%	―	―	72.34%
FMS	36 Underperform	C$46.55M	-12.43	-16.33%	―	―	-64.76%

Churchill Resources Inc Corporate Events

Churchill Resources Uncovers High-Grade Antimony and New Gold-Silver System at Black Raven

Churchill Resources has reported maiden intersections of high-grade antimony, along with gold and silver, over 800 metres of structural continuity around the historic Frost Cove Antimony Mine at its Black Raven Project in central Newfoundland, confirming a high-tenor, shear-hosted antimony zone that remains open along strike and at depth. The company also announced the discovery of a potentially extensive polymetallic gold-silver-lead-zinc system at Pomley Cove Pond, where trenching and initial drilling have intersected multiple high-grade veins in felsic volcanic rocks, supporting Churchill’s model that Black Raven may host a large, intrusive-related mineralized system with significant implications for the project’s scale and strategic metal potential as remaining drill results are released.

The most recent analyst rating on (TSE:CRI) stock is a Hold with a C$0.28 price target. To see the full list of analyst forecasts on Churchill Resources Inc stock, see the TSE:CRI Stock Forecast page.

Churchill Resources Advances Exploration at Black Raven Property

Churchill Resources Inc. has made significant progress in its fall evaluation program at the Black Raven Property, targeting antimony, gold, and silver. The program includes extensive drilling, soil sampling, and trenching, with promising results leading to the discovery of new polymetallic veins and the extension of known mineralization. Encouraged by these findings, Churchill plans to extend its drilling program beyond 5,000 meters and continue operations into December, with further activities resuming in February. The results could enhance Churchill’s positioning in the mining industry and potentially impact stakeholders by increasing the property’s value and resource estimates.

Churchill Resources Gains $3.75 Million from Warrant Exercise

Churchill Resources Inc. announced the exercise of 25,000,000 common share purchase warrants, resulting in proceeds of $3.75 million. This financial boost strengthens the company’s treasury and enhances its operational capacity. Notably, director Malik Easah acquired 10,000,000 common shares, increasing his stake in the company, which may influence future market activities and stakeholder interests.

Churchill Resources Uncovers Massive Stibnite Seams at Frost Cove

Churchill Resources Inc. has made significant progress in its exploration program at the Black Raven Property in Central Newfoundland, targeting the historic Frost Cove Antimony Mine. The company has discovered massive stibnite seams, indicating promising antimony mineralization across a substantial strike length. The exploration efforts, including drilling and trenching, aim to define the mineralization’s depth and extent, with the potential to develop a small-footprint, high-grade underground mine. This development could enhance Churchill’s positioning in the mining industry, providing valuable resources for stakeholders.