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Freeport Resources
(FRI)
Freeport Resources (FRI) vs. iShares MSCI Canada ETF (EWC)
Freeport Resources Business Overview & Revenue Model
Freeport Resources Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 4.09M | 6.19M |
| Gross Profit | 0.00 | 0.00 | 0.00 | -181.00 | -4.09K | -6.20K |
| EBITDA | -2.52M | -4.23M | -2.13M | -1.30M | -5.85M | -8.91M |
| Net Income | -2.55M | -4.23M | -2.29M | -1.49M | -6.47M | -8.85M |
Balance Sheet | ||||||
| Total Assets | 1.42M | 2.61M | 778.18K | 1.28M | 1.61M | 3.33M |
| Cash, Cash Equivalents and Short-Term Investments | 1.25M | 2.41M | 633.46K | 1.13M | 1.44M | 3.17M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 129.37K | 123.37K | 116.39K | 684.57K | 153.41K | 130.21K |
| Stockholders Equity | 1.29M | 2.48M | 661.79K | 593.33K | 1.45M | 3.20M |
Cash Flow | ||||||
| Free Cash Flow | -2.11M | -3.30M | -2.69M | -948.35K | -2.00M | -2.32M |
| Operating Cash Flow | -2.11M | -3.30M | -2.69M | -852.90K | -1.44M | -2.32M |
| Investing Cash Flow | 33.32K | 14.82K | 0.00 | -95.44K | -488.97K | 0.00 |
| Financing Cash Flow | -138.19K | 5.06M | 2.19M | 646.67K | 194.30K | 5.49M |
Freeport Resources Technical Analysis
Freeport Resources Peers Comparison
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% | |
60 Neutral | C$7.37M | 2.62 | 67.36% | ― | ― | ― | |
49 Neutral | C$37.97M | -11.11 | -96.31% | ― | ― | 47.85% | |
49 Neutral | C$6.16M | -2.39 | -19.36% | ― | ― | 7.28% | |
42 Neutral | C$6.95M | -2.01 | ― | ― | ― | 25.99% |
Freeport Resources Corporate Events
Freeport Resources has signed a non-binding Memorandum of Understanding with Papua New Guinea’s state-owned Kumul Minerals Holdings to collaborate on advancing and strategically developing the Yandera Copper Project, including coordinated engagement with government stakeholders and evaluation of long-term development options. The company has also initiated discussions and entered NDAs and non-binding MoUs with several potential strategic partners to progress Yandera toward a Definitive Feasibility Study, aiming to unlock what it sees as undervalued project potential amid record copper prices, growing structural supply deficits, and increased inbound interest from institutional and strategic investors seeking exposure to large-scale, long-life copper resources.
The most recent analyst rating on (TSE:FRI) stock is a Hold with a C$0.08 price target. To see the full list of analyst forecasts on Freeport Resources stock, see the TSE:FRI Stock Forecast page.
Freeport Resources has secured explicit support from the Papua New Guinea government, including backing from Prime Minister James Marape, for its Yandera Copper Project, reinforcing the project’s national importance and its potential to deliver long-term economic benefits, jobs, and infrastructure across multiple provinces. The company is progressing regulatory steps for the renewal of Exploration Licence EL1335 and plans to advance Yandera from a historic pre-feasibility study, which outlines potential annual production of 100,000 tonnes of copper over a 20-year mine life, toward a full feasibility study and final investment decision, with stronger copper, gold and molybdenum prices expected to materially enhance project valuation and cash flow prospects.
The most recent analyst rating on (TSE:FRI) stock is a Hold with a C$0.04 price target. To see the full list of analyst forecasts on Freeport Resources stock, see the TSE:FRI Stock Forecast page.
Freeport Resources Inc. has announced an increase in its non-brokered private placement offering to accommodate additional market interest, now aiming to raise up to $3.5 million through the issuance of 116,666,666 units. The proceeds will be directed towards the development of the Yandera Copper Project and general working capital, with no anticipated allocation for investor relations activities or payments to non-arms’ length parties outside ordinary compensation. The offering’s completion is subject to TSX Venture Exchange approval, and all issued securities will have resale restrictions for a specified period.
Freeport Resources Inc. has successfully closed the second tranche of its non-brokered private placement, raising approximately $723,000 through the issuance of 24,099,999 units. This effort is part of a larger offering aimed at generating up to $3,500,000 to further develop the Yandera Copper Project and support general working capital. With this tranche, the company has raised a total of $2,337,850 and plans to close the final tranche by December 19, 2025. The completion of this offering is subject to regulatory approval, and all securities issued will have resale restrictions for a specified period.
Freeport Resources has successfully closed the first tranche of its non-brokered private placement, raising approximately $1.6 million through the issuance of over 53 million units. The funds will support the development of the Yandera Copper Project and general working capital. Additionally, the company has applied for the renewal of its exploration license for the Yandera project, with local communities and stakeholders showing support for the project’s advancement.