Defense Metals Corp. (TSE:DEFN)
:DEFN
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Defense Metals
(DEFN)
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Select Model
Rating:49Neutral
Price Target:
C$0.22
▼(-24.48% Downside)
Action:ReiteratedDate:03/07/26
The score is held down primarily by weak financial performance (pre-revenue status, widening losses, and ongoing cash burn), partially offset by a low-debt balance sheet with substantial equity. Technicals are neutral-to-slightly positive, while valuation provides limited support given negative earnings and no dividend yield data.
Positive Factors
Very low financial leverage
Extremely low debt reduces near-term solvency risk for a pre-revenue developer. With negligible interest burden the company has greater optionality on timing of capital raises and lower probability of forced distressed financing, supporting multi‑month project development flexibility.
Negative Factors
Pre-revenue with widening net losses
Persistently negative earnings and a widening annual loss profile mean the company has not yet demonstrated path to profitability. For capital-intensive mineral development, this elevates execution and financing risk and increases the likelihood that more equity or dilutive financing will be required before value is realized.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low financial leverage
Extremely low debt reduces near-term solvency risk for a pre-revenue developer. With negligible interest burden the company has greater optionality on timing of capital raises and lower probability of forced distressed financing, supporting multi‑month project development flexibility.
Read all positive factors
Defense Metals (DEFN) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$86.41M
Dividend YieldN/A
Average Volume (3M)1.30M
Price to Earnings (P/E)―
Beta (1Y)0.05
Revenue GrowthN/A
EPS Growth-42.86%
CountryCA
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding392,774,540
10 Day Avg. Volume520,710
30 Day Avg. Volume1,301,853
Financial Highlights & Ratios
PEG Ratio-0.07
Price to Book (P/B)1.04
Price to Sales (P/S)0.00
P/FCF Ratio-9.64
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-0.04
Revenue Forecast (FY)N/A
Defense Metals Business Overview & Revenue Model
Company Description
Defense Metals Corp., engages in the acquisition, exploration, development, and evaluation of mineral properties in Canada. It has an option to acquire 100% interest in the Wicheeda project consisting of six mining claims covering an area of 4,244...
How the Company Makes Money
null...
Defense Metals Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
62
Positive
Cash Flow
18
Very Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2022 | Jun 2021 | Mar 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -60.07K | -55.06K | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -4.12M | -5.07M | 361.32K | -2.71M | -2.63M | -217.00K |
| Net Income | -5.11M | -5.77M | -2.76M | -2.71M | -2.64M | -1.23M |
Balance Sheet | ||||||
| Total Assets | 62.90M | 45.68M | 42.65M | 32.74M | 4.14M | 2.04M |
| Cash, Cash Equivalents and Short-Term Investments | 16.53M | 695.26K | 916.07K | 1.76M | 849.47K | 166.18K |
| Total Debt | 23.12K | 3.52M | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 628.65K | 8.39M | 808.91K | 656.52K | 327.87K | 207.31K |
| Stockholders Equity | 62.27M | 37.30M | 41.84M | 32.09M | 3.81M | 1.84M |
Cash Flow | ||||||
| Free Cash Flow | -6.18M | -4.04M | -12.73K | -9.60M | -3.45M | -2.11M |
| Operating Cash Flow | -4.96M | -2.52M | -2.60K | -2.96M | -2.00M | -924.13K |
| Investing Cash Flow | -794.27K | -1.52M | -10.12M | -6.90M | -1.53M | -1.18M |
| Financing Cash Flow | 21.10M | 3.82M | 11.88M | 10.91M | 4.22M | 2.08M |
Defense Metals Technical Analysis
Negative
0.29
Price Trends
0.25
Negative
0.25
Negative
0.23
Negative
Market Momentum
>-0.01
Positive
40.96
Neutral
45.83
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:DEFN, the sentiment is Negative. The current price of 0.29 is above the 20-day moving average (MA) of 0.24, above the 50-day MA of 0.25, and above the 200-day MA of 0.23, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 40.96 is Neutral, neither overbought nor oversold. The STOCH value of 45.83 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:DEFN.
Defense Metals Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
52 Neutral | C$62.60M | -5.48 | -4.26% | ― | ― | -760.00% | |
51 Neutral | C$94.68M | 17.52 | -5.33% | ― | ― | 16.24% | |
49 Neutral | C$86.41M | -12.86 | -10.54% | ― | ― | -42.86% | |
48 Neutral | C$132.46M | -32.36 | -7.36% | ― | ― | -60.92% | |
45 Neutral | C$30.71M | -0.48 | 115.07% | ― | 2.76% | -1.06% | |
42 Neutral | C$89.21M | -0.27 | -265.40% | ― | ― | 62.30% |
* Basic Materials Sector Average
TSE:DEFN
Defense Metals
0.22
0.08
57.14%
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0.08
0.05
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Electra Battery Materials Corp
0.86
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-43.42%
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0.42
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TSE:NGC
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TSE:NKL
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1.09
0.48
78.69%
Defense Metals Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Defense Metals Secures Conditional C$1.88 Million for Wicheeda Clean Energy and Transport Overhaul
Positive
Mar 4, 2026
Defense Metals has received conditional approval for up to C$1.88 million in government funding to advance clean energy and transportation infrastructure for its Wicheeda Rare Earth Elements Project in British Columbia. The funding, pending final ...
Business Operations and StrategyFinancial Disclosures
Defense Metals Fast-Tracks Wicheeda Rare Earth Project as Strong NdPr Prices and Government Support Align
Positive
Mar 2, 2026
Defense Metals reported that its Wicheeda rare earth project economics remain robust, with current international neodymium-praseodymium prices closely matching those used in its pre-feasibility study and supporting a project valued at about C$1.0 ...
Business Operations and Strategy
Defense Metals Touts Wicheeda Rare Earth Project on Canadian-Led European Trade Mission
Positive
Feb 24, 2026
Defense Metals has joined a Canadian government-led trade mission to Europe, positioning itself as a key rare earth supplier amid growing demand for secure and sustainable critical mineral supply chains. As one of only two rare earth-focused firms...
Business Operations and Strategy
Defense Metals’ Wicheeda Rare Earth Project Earns B.C. Critical Minerals Backing
Positive
Feb 23, 2026
Defense Metals has been selected by the Province of British Columbia’s Critical Minerals Office as one of only three new promising advanced projects, securing early coordination support for its Wicheeda Rare Earth Element Project near Prince...
Business Operations and Strategy
Defense Metals launches C$1 million pilot flotation program at Wicheeda rare earth project
Positive
Feb 17, 2026
Defense Metals Corp. has appointed SGS Canada Inc. to run a 30-tonne pilot-scale flotation testing program on two drill core composite samples from its Wicheeda rare earth deposit in British Columbia. The work, costing about C$1 million, is intend...
Business Operations and StrategyExecutive/Board Changes
Defense Metals Strengthens Project Leadership with Appointment of Robin Jones as Vice President, Projects
Positive
Jan 21, 2026
Defense Metals Corp. has appointed veteran mining executive and mechanical engineer Robin Jones as Vice President, Projects, bringing more than three decades of global experience in developing and executing complex mining and mineral processing op...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.