Fuse Cobalt (FUSE) AI Stock Analysis

• Market Cap: C$1.69M
• Dividend Yield: N/A
• Average Volume (3M): 0.00
• Price to Earnings (P/E): ―
• Beta (1Y): 1.78
• Revenue Growth: N/A
• EPS Growth: -227.66%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Other Precious Metals
• EPS (TTM): >-0.01
• Shares Outstanding: 37,629,745
• 10 Day Avg. Volume: 0
• 30 Day Avg. Volume: 0
• PEG Ratio: >-0.01
• Price to Book (P/B): 1.42
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -1.55K
• 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: 46 Neutral
• Price Target: C$0.04 ▲(10.00% Upside)

The score is primarily held back by weak financial performance (no revenue, persistent losses, and cash burn alongside a sharply reduced equity base). Technicals are broadly neutral with slightly soft momentum and high volatility risk. Corporate actions provide some support via financing and a structured, milestone-based strategic pivot, but do not outweigh the current fundamental weakness, and valuation remains unattractive due to ongoing losses and no dividend.

Positive Factors

Strong Balance Sheet

A strong balance sheet with no debt provides Fuse Cobalt with financial stability and flexibility to invest in growth opportunities without the burden of interest payments.

Industry Demand

The increasing demand for cobalt due to its essential role in lithium-ion batteries positions Fuse Cobalt favorably in a growing market, potentially driving future revenue growth.

Capital Expenditure

Significant investment in capital expenditures suggests Fuse Cobalt is actively working on expanding its asset base, which could lead to future growth and increased asset value.

Negative Factors

Negative Cash Flow

Negative cash flow indicates liquidity challenges, which can limit the company's ability to fund operations and growth initiatives without external financing.

Consistent Net Losses

Ongoing net losses reflect challenges in achieving profitability, which can hinder long-term sustainability and investor confidence in the company's financial health.

Absence of Revenue Streams

The lack of revenue generation is a critical issue, as it prevents the company from covering operational costs and achieving financial independence, impacting its long-term viability.

Fuse Cobalt Business Overview & Revenue Model

Company Description

Fuse Cobalt Inc., an exploration stage company, acquires, explores for, and develops energy metal projects. The company holds a 100% interest in the Glencore Bucke project comprising 2 patented mining claims totaling 16.2 hectares (ha) located in the Cobalt, Ontario. It also owns a 100% interest Teledyne cobalt project consisting of 5 patented mining claims covering an area of 79.1 ha, as well as 46 unpatented mining claims covering an area of approximately 700 ha located in the Bucke and Lorrain Townships of Ontario. The company was formerly known as LiCo Energy Metals Inc. and changed its name to Fuse Cobalt Inc. in March 2020. Fuse Cobalt Inc. was incorporated in 1998 and is headquartered in Vancouver, Canada.

How the Company Makes Money

Fuse Cobalt makes money through the exploration and development of its cobalt mining properties. The company's revenue model primarily revolves around increasing the value of its mining assets through exploration activities, which involve drilling and geological studies to identify and estimate cobalt reserves. Once these reserves are proven, Fuse Cobalt can potentially enter into joint ventures, sell its properties to larger mining companies, or directly benefit from the sale of extracted cobalt ore. The company's earnings are significantly influenced by cobalt market prices, exploration success, and regulatory factors affecting the mining sector. Additionally, strategic partnerships with larger mining firms or technology companies needing cobalt for battery production may also contribute to its financial performance.

Fuse Cobalt Financial Statement Overview

Summary

Fuse Cobalt's financial performance is challenged by consistent net losses and negative cash flow, despite a strong balance sheet with no debt.

Income Statement

Fuse Cobalt's income statement highlights an ongoing challenge with profitability, as evidenced by consistent net losses and negative EBIT across all periods. The absence of revenue streams presents a significant hurdle for the company, compounded by increasing net losses over the years.

Balance Sheet

The company's balance sheet shows a strong equity position with no debt, resulting in a favorable debt-to-equity ratio. Stockholders' equity remains robust, indicating financial stability despite the absence of revenue generation.

Cash Flow

Cash flow analysis reveals negative free cash flow and operating cash flow, suggesting liquidity challenges. Although the cash position has decreased, the company has managed to invest significantly in capital expenditures, indicating efforts towards growth.

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	0.00	0.00	0.00	0.00	0.00	0.00
EBITDA	-4.73M	-4.77M	-75.04K	-2.64M	-369.16K	-1.62M
Net Income	-4.74M	-4.77M	-1.67M	-2.64M	-517.11K	-1.62M
Balance Sheet
Total Assets	788.32K	950.36K	5.72M	6.40M	4.42M	4.03M
Cash, Cash Equivalents and Short-Term Investments	102.38K	245.37K	1.10M	2.02M	467.04K	224.55K
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00
Total Liabilities	134.13K	20.85K	20.74K	43.12K	45.30K	27.05K
Stockholders Equity	654.20K	929.50K	5.70M	6.36M	4.37M	4.00M
Cash Flow
Free Cash Flow	-397.30K	-851.00	-927.88K	-2.20M	-433.27K	-1.16M
Operating Cash Flow	-397.30K	-609.00	-632.11K	-1.68M	-429.20K	-1.05M
Investing Cash Flow	-29.41K	-242.00	-295.78K	-522.60K	-4.06K	-105.47K
Financing Cash Flow	0.00	0.00	0.00	3.54M	893.08K	1.35M

Fuse Cobalt Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.04
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:FUSE, the sentiment is Negative. The current price of 0.04 is below the 20-day moving average (MA) of 0.04, below the 50-day MA of 0.04, and above the 200-day MA of 0.04, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 47.37 is Neutral, neither overbought nor oversold. The STOCH value of >-0.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:FUSE.

Fuse Cobalt 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%
GOCO	48 Neutral	C$1.20M	-2.85	-67.84%	―	―	33.05%
VOLT	47 Neutral	C$1.66M	4.55	―	―	―	―
FUSE	46 Neutral	C$1.69M	-0.37	-157.68%	―	―	-227.66%
CAMP	46 Neutral	C$3.43M	-17.65	―	―	―	90.71%
GEMC	45 Neutral	C$2.37M	-3.65	-15.45%	―	―	38.06%
SCV	44 Neutral	C$1.43M	-0.10	-246.26%	―	―	-70.47%

Fuse Cobalt Corporate Events

Fuse Battery Shareholders Approve Pointor AI Reverse Takeover and $2 Million Financing

Fuse Battery Metals’ shareholders have overwhelmingly approved all resolutions at the company’s Annual General and Special Meeting, including the re-election of its board, reappointment of auditors and governance changes that align with its strategic pivot toward technology. Central to the approval is a reverse takeover of Pointor AI that will transform Fuse from a mining exploration issuer into a technology company, to be executed through the issuance of 50 million common shares at $0.05 per share and supported by a C$2 million subscription receipt financing at the same price. The transaction includes a detailed performance-based escrow structure for the new shares, tying the staged release of 50 million shares to Pointor AI’s operational milestones such as completion of a B2B minimum viable product, initial and cumulative B2B revenue thresholds, and launch of a second B2C product, underscoring a strong linkage between shareholder dilution and the achievement of concrete commercial results.