Electrum Discovery (ELY) AI Stock Analysis

• Market Cap: C$13.95M
• Dividend Yield: N/A
• Average Volume (3M): 182.58K
• Price to Earnings (P/E): ―
• Beta (1Y): 2.03
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Other Precious Metals
• EPS (TTM): >-0.01
• Shares Outstanding: 116,268,326
• 10 Day Avg. Volume: 190,661
• 30 Day Avg. Volume: 182,580
• PEG Ratio: 0.00
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• 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: 53 Neutral
• Price Target: C$0.11 ▲(7.00% Upside)

Score is held back primarily by weak financial performance (no revenue, widening losses, and sharply higher cash burn despite an improved balance sheet). Technicals are supportive with strong trend/momentum, but valuation is constrained by negative earnings and no dividend support.

Positive Factors

Stronger balance sheet

Material capitalization improvement provides a longer runway for exploration activity without immediate debt servicing pressure. Higher equity and zero reported debt reduce leverage risk, supporting sustained project funding and preserving strategic optionality over the next several months.

Clear strategic focus

A concentrated business model targeting early-stage mineral exploration aligns resources and expertise toward discovery-driven value creation. This narrow strategic focus can produce high upside from successful drills and allows management to prioritize capital allocation and technical work over diversified distractions.

Contained absolute loss scale

Operating losses remain relatively modest in absolute terms, limiting dilution risk per financing and giving management room to advance programs incrementally. Contained cash requirements can enable staged exploration without rapid capital raises if activity is prioritized efficiently.

Negative Factors

No revenue

Absence of operating revenue means the business relies wholly on financing for operations; without commercial cashflows there is structural dependence on capital markets. This limits internal cash generation and makes long-term sustainability contingent on successful capital raises or asset monetization.

Deteriorating cash generation

Accelerating negative operating and free cash flows increase funding needs and shorten the runway unless spending is cut or new capital obtained. Persistent cash burn weakens resilience to market swings and raises the probability of dilutive financings, affecting long-term capital structure.

Elevated funding risk

Even with a stronger balance sheet, continued losses and cash burn mean the company may need external funding to sustain exploration. Reliance on market financing exposes the firm to timing and pricing risk, potentially forcing dilution or scaled-back programs if capital conditions tighten.

Electrum Discovery Business Overview & Revenue Model

Company Description

Electrum Discovery Corp. engages in the acquisition and exploration of mineral properties in the natural resource sector in the Republic of Serbia. It explores for gold and copper deposits. The company holds interests in the Timok East Project comprising three mineral exploration permits and four mineral exploration permit applications located in the eastern fringe of Timok Magmatic Complex; and in the Novo Tlamino Project consisting of three mineral exploration permit applications and two mineral exploration permits located in the SMM Tertiary metallogenic province in the southern Serbia. Electrum Discovery Corp. is headquartered in Vancouver, Canada.

How the Company Makes Money

Electrum Discovery Financial Statement Overview

Summary

Income Statement

Balance Sheet

Cash Flow

Breakdown	TTM	Dec 2024	Dec 2023
Income Statement
Total Revenue	0.00	0.00	0.00
Gross Profit	-4.49K	-2.59K	0.00
EBITDA	-1.75M	-1.84M	-1.49M
Net Income	-1.84M	-1.79M	-1.56M
Balance Sheet
Total Assets	4.20M	4.83M	1.50M
Cash, Cash Equivalents and Short-Term Investments	372.08K	1.18M	52.81K
Total Debt	0.00	0.00	113.70K
Total Liabilities	792.13K	716.39K	1.51M
Stockholders Equity	3.41M	4.12M	-13.58K
Cash Flow
Free Cash Flow	-2.16M	-2.93M	-565.70K
Operating Cash Flow	-1.48M	-2.09M	-396.45K
Investing Cash Flow	-727.88K	-826.02K	-292.78K
Financing Cash Flow	2.01M	4.05M	631.89K

Electrum Discovery 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%
ELY	53 Neutral	C$13.95M	-5.61	-60.53%	―	―	―

Electrum Discovery Corporate Events

Electrum Discovery and MinRex in Merger of Equals to Form ASX-Listed Gold-Copper Explorer

Electrum Discovery Corp. has agreed to merge in a share-exchange, merger-of-equals transaction with ASX-listed MinRex Resources to create a well-capitalized gold-copper exploration and development company listed in Australia. Under the deal, MinRex will be the surviving issuer with more than A$8 million in cash and no debt, Electrum securityholders will own 49.3% of the enlarged group, and Electrum shareholders will receive approximately 7.9 MinRex shares for each Electrum share. The combined company will pool Electrum’s advanced Novo Tlamino Gold Project in Serbia, which hosts a 670,000-ounce inferred gold-equivalent resource and is supported by a prior economic study, with MinRex’s Sofala Gold Project in New South Wales and other gold, copper and base metal assets, while integrating the two boards and management teams, including the planned appointment of Electrum CEO Dr. Elena Clarici and Michael Thomsen as directors. Management of both companies say the transaction is designed to unlock greater value through scale, diversification and a stronger balance sheet, enabling accelerated resource-growth and discovery-focused drilling at Novo Tlamino and across the Australian portfolio, with support from key Electrum insiders and major shareholders who collectively hold about 28% of the company’s outstanding shares.

Electrum Discovery Expands Exploration Efforts in Serbia

Electrum Discovery Corp. has announced an operational update on its exploration projects in Serbia, specifically the Timok East and Novo Tlamino projects. At Timok East, the company is conducting a second phase of the Audio-Magnetotelluric (AMT) survey to identify potential copper-gold systems, expanding its exploration footprint with a new license. Meanwhile, at Novo Tlamino, a ground magnetic survey is underway to refine drill targeting around the Barje deposit, with plans for infill drilling to update resources. These efforts are expected to enhance Electrum’s exploration capabilities and potentially uncover significant mineral deposits, reinforcing its strategic position in the region.