Arianne Phosphate (DAN) AI Stock Analysis

• Market Cap: C$59.84M
• Dividend Yield: N/A
• Average Volume (3M): 259.27K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.02
• Revenue Growth: N/A
• EPS Growth: -119.53%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): -0.02
• Shares Outstanding: 213,714,810
• 10 Day Avg. Volume: 368,858
• 30 Day Avg. Volume: 259,274
• PEG Ratio: >-0.01
• Price to Book (P/B): 0.92
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -11.34
• 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: 48 Neutral
• Price Target: C$0.27 ▲(33.50% Upside)

The score is weighed down primarily by weak financial performance (no revenue, persistent losses, and ongoing cash burn), partially offset by improved leverage on the balance sheet. Technicals are supportive with price above major moving averages, but overbought RSI adds near-term risk, and valuation support is limited due to losses and no dividend.

Positive Factors

Improved leverage and equity backing

A stronger equity base (~$20.2M) and a materially lower debt-to-equity (~0.22 TTM) reduce refinancing and interest burdens. This durable improvement in capital structure increases financial flexibility to fund project development without the same near-term leverage risk seen in prior years.

Strategic phosphate project asset

Owning the Lac à Paul phosphate project positions the company in the upstream fertilizer supply chain, a structural market for agricultural inputs. A developed deposit provides long-term optionality to monetize phosphate demand, supporting durable strategic value if the project reaches production.

Operating improvement signal (2024 positive EBIT)

Recording positive EBIT in 2024 suggests management made operational progress and cost control gains. While still pre-revenue overall, positive operating income shows potential for margins to improve when commercial production or sales commence, reducing cash burn sensitivity over time.

Negative Factors

Pre-revenue profile with widening net losses

The company remains pre-commercial with no revenue and widening net losses (TTM ~$13.6M). Absent a clear production timeline, persistent losses drive structural funding needs and dilution risk, undermining long-term capital preservation until cash-generating operations begin.

Consistent negative operating and free cash flow

Operating cash flow has been negative each period and free cash flow remains structurally negative (TTM operating ~-$2.1M, FCF ~-$2.3M). Persistent cash burn necessitates external financing for project development, increasing dilution risk and raising the bar for capital-efficient execution.

Deeply negative returns on equity

A TTM ROE around -53% signals that losses are eroding shareholder equity. This reduces the company's ability to leverage internal capital for development, weakens investor confidence, and makes raising funds more costly, hampering long-term project financing and reinvestment capacity.

Arianne Phosphate Business Overview & Revenue Model

Company Description

Arianne Phosphate Inc. engages in the acquisition and exploration of mining properties in Canada. It primarily focuses on developing Lac à Paul phosphate rock project located in the Saguenay-Lac St-Jean area, Quebec. The company was formerly known as Arianne Resources Inc. and changed its name to Arianne Phosphate Inc. in June 2013. Arianne Phosphate Inc. was founded in 1997 and is headquartered in Chicoutimi, Canada.

How the Company Makes Money

Arianne Phosphate makes money primarily through the sale of phosphate concentrate extracted from its Lac à Paul project. The company generates revenue by mining phosphate rock, which is then processed into a high-purity concentrate suitable for agricultural and industrial applications. Key revenue streams include sales agreements with agricultural companies and fertilizer manufacturers who utilize phosphate as a crucial ingredient in their products. Arianne Phosphate may also engage in strategic partnerships or joint ventures to enhance its production capabilities and market reach, contributing to its earnings.

Arianne Phosphate Financial Statement Overview

Summary

Pre-revenue profile with widening net losses and consistently negative operating/free cash flow indicates ongoing burn and funding risk. The balance sheet is a relative positive with improved leverage (lower debt-to-equity), but deeply negative returns on equity reflect continued pressure on capital.

Income Statement

The company reports no revenue across the disclosed periods (including TTM (Trailing-Twelve-Months)), indicating it remains pre-commercial. Profitability is weak and volatile: net losses widened materially in TTM (Trailing-Twelve-Months) (net loss of about 13.6M vs. 11.0M in 2024 and 0.7M in 2023). Operating performance is also inconsistent, with negative EBITDA in most years and a large TTM (Trailing-Twelve-Months) operating loss, suggesting ongoing cost burn without an offsetting revenue base. A notable positive is 2024 showing positive EBIT, but the business still produced a large net loss, so the improvement did not translate into bottom-line profitability.

Balance Sheet

The balance sheet shows meaningful equity backing (TTM (Trailing-Twelve-Months) equity ~20.2M on assets ~66.5M), and leverage improved sharply in TTM (Trailing-Twelve-Months) with debt-to-equity around 0.22 versus 1.12 in 2024 and 1.53 in 2020. That said, the track record includes periods of higher leverage, and returns on equity are deeply negative in TTM (Trailing-Twelve-Months) (about -53%), reflecting ongoing losses that pressure the capital base over time.

Cash Flow

Cash generation remains a key weakness, with operating cash flow negative in every period shown, including TTM (Trailing-Twelve-Months) (about -2.1M). Free cash flow is also consistently negative, and TTM (Trailing-Twelve-Months) free cash flow deteriorated versus 2024 (roughly -2.3M vs. -2.4M, with reported negative growth), indicating continued funding needs. While free cash flow tends to be less negative than net income (a supportive quality signal), the business is still consuming cash rather than producing it.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	-31.97K	-37.91K	-7.05K	-91.18K	-75.09K	-130.00K
EBITDA	-1.88M	-1.99M	-1.97M	-1.62M	-4.38M	-803.85K
Net Income	-13.62M	-10.99M	-699.00K	-9.10M	-11.22M	-5.91M
Balance Sheet
Total Assets	66.50M	68.11M	66.80M	66.63M	67.85M	64.81M
Cash, Cash Equivalents and Short-Term Investments	2.73M	4.47M	3.25M	3.24M	5.03M	628.91K
Total Debt	4.41M	32.98M	24.27M	25.89M	18.55M	36.64M
Total Liabilities	46.27M	38.62M	28.23M	30.09M	22.58M	40.93M
Stockholders Equity	20.23M	29.49M	38.57M	36.53M	45.27M	23.88M
Cash Flow
Free Cash Flow	-2.31M	-2.40M	-1.76M	-1.91M	-2.53M	-1.90M
Operating Cash Flow	-2.09M	-2.21M	-1.51M	-1.38M	-1.92M	-1.15M
Investing Cash Flow	-224.03K	-166.94K	2.10M	-534.74K	773.59K	-470.61K
Financing Cash Flow	3.62M	3.61M	-595.83K	139.47K	5.55M	1.89M

Arianne Phosphate Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.20
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:DAN, the sentiment is Positive. The current price of 0.2 is below the 20-day moving average (MA) of 0.23, below the 50-day MA of 0.22, and above the 200-day MA of 0.18, indicating a bullish trend. The MACD of 0.02 indicates Negative momentum. The RSI at 71.66 is Negative, neither overbought nor oversold. The STOCH value of 78.07 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:DAN.

Arianne Phosphate 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%
OCO	56 Neutral	C$230.55M	-57.72	-3.75%	―	―	29.51%
GSP	50 Neutral	C$36.06M	-12.12	-28.86%	―	―	35.92%
TGOL	49 Neutral	C$21.05M	-25.86	-6.33%	―	―	6.45%
DAN	48 Neutral	C$59.84M	-4.29	-51.05%	―	―	-119.53%
WLF	45 Neutral	C$15.78M	-79.17	-32.86%	―	―	86.96%
FOX	43 Neutral	C$55.81M	―	―	―	―	―

Arianne Phosphate Corporate Events

Arianne Phosphate Achieves Ultra-High-Grade Concentrate for LFP and Specialty Markets

Arianne Phosphate has produced its highest-grade phosphate concentrate to date from the Lac à Paul project, achieving 41.5% P2O5 with an exceptionally low 0.02% minor element ratio in customer-driven tests carried out by research centre Corem. The higher purity concentrate is designed for specialty and LFP battery markets, strengthening Arianne’s potential role as a supplier of feedstock for purified phosphoric acid at a time when demand from electric vehicles and energy storage systems is surging and Western governments have designated phosphate as a critical mineral, underscoring the project’s strategic importance and its appeal to prospective industry partners.

The most recent analyst rating on (TSE:DAN) stock is a Hold with a C$0.23 price target. To see the full list of analyst forecasts on Arianne Phosphate stock, see the TSE:DAN Stock Forecast page.

Arianne Phosphate Secures Federal Funding to Advance Critical Minerals Processing at Lac à Paul

The Government of Canada has granted Arianne Phosphate final approval for up to $735,000 in contribution funding to support ongoing work on processing phosphate rock and optimizing purified phosphoric acid production at its Lac à Paul project in Quebec. The financing, awarded under Natural Resources Canada’s Critical Minerals Research, Development and Demonstration program and tied to Ottawa’s broader push to secure critical minerals supply chains, strengthens Arianne’s efforts to move into downstream production of purified phosphoric acid for lithium-iron-phosphate batteries and energy storage systems, positioning the company as a potential non-Chinese supplier in a market where China currently dominates and aligning it with national clean-tech and economic development priorities.

The most recent analyst rating on (TSE:DAN) stock is a Hold with a C$0.20 price target. To see the full list of analyst forecasts on Arianne Phosphate stock, see the TSE:DAN Stock Forecast page.

Arianne Phosphate Secures Extension for Lac à Paul Project Amid Growing Demand

Arianne Phosphate has confirmed that its Ministerial Decree for the Lac à Paul project will remain valid for two years while the extension process is underway, following regulatory changes in Quebec. This extension is crucial for the project’s development and provides assurance to the industry and potential partners, addressing the growing demand for phosphate, particularly in the context of LFP battery production. The Lac à Paul project, with its significant phosphate deposit and strong local support, positions Arianne as a key player in supplying critical minerals from a secure jurisdiction, amidst global supply chain concerns.

Arianne Phosphate Partners with Travertine Technologies for Sustainable PPA Production

Arianne Phosphate has partnered with Travertine Technologies to produce purified phosphoric acid (PPA) using Travertine’s innovative process that reduces costs and environmental impact by utilizing recycled sulfuric acid and eliminating phosphogypsum waste. This collaboration aims to capitalize on the growing demand for PPA, particularly for lithium iron phosphate battery materials, and to establish a secure North American supply chain, reducing reliance on Chinese imports. The partnership is a strategic move to enhance Arianne’s market position and contribute to the Western market’s need for sustainable battery materials.