Fireweed Zinc Ltd. (TSE:FWZ)
:FWZ
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Fireweed Zinc
(FWZ)
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Rating:45Neutral
Price Target:
C$4.50
▼(-0.88% Downside)
Action:ReiteratedDate:03/27/26
The score is primarily weighed down by weak financial performance driven by being pre-revenue with rapidly expanding losses and cash burn, despite a relatively low-debt balance sheet. Technical indicators are mixed-to-neutral and do not meaningfully offset the fundamental risk, and valuation support is limited due to negative earnings and no dividend data.
Positive Factors
Low leverage / minimal debt
Fireweed's near-zero debt and a sizable equity base materially reduce financing fixed-cost risk for an exploration developer. This durable capital structure gives management flexibility to fund exploration or negotiate JVs without immediate pressure from lenders, lowering default and covenant risks.
Negative Factors
Accelerating negative cash flow / cash burn
The sharp, multi-year increase in cash burn is a structural risk: sustained negative operating and free cash flow erode runway, force repeated capital raises, and dilute shareholders. Without revenue or a committed financing, exploration spending pace may be constrained or repriced.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / minimal debt
Fireweed's near-zero debt and a sizable equity base materially reduce financing fixed-cost risk for an exploration developer. This durable capital structure gives management flexibility to fund exploration or negotiate JVs without immediate pressure from lenders, lowering default and covenant risks.
Read all positive factors
Fireweed Zinc (FWZ) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$957.37M
Dividend YieldN/A
Average Volume (3M)520.78K
Price to Earnings (P/E)―
Beta (1Y)1.41
Revenue GrowthN/A
EPS Growth0.74%
CountryCA
Employees27
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)N/A
Shares Outstanding210,875,400
10 Day Avg. Volume619,463
30 Day Avg. Volume520,781
Financial Highlights & Ratios
PEG Ratio0.00
Price to Book (P/B)12.44
Price to Sales (P/S)0.00
P/FCF Ratio-10.03
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$5.51Price Target Upside21.44% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Fireweed Zinc Business Overview & Revenue Model
Company Description
Fireweed Metals Corp. acquires, explores for, and develops mineral properties in Canada. It explores for zinc, lead, and silver, as well as gallium and germanium deposits. The company owns an interest in the Macmillan Pass project located in Yukon...
How the Company Makes Money
Fireweed Zinc does not appear to have ongoing operating revenue from producing mines based on publicly available information; therefore its business model is primarily that of an exploration/development-stage issuer. It funds its activities mainly...
Fireweed Zinc Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
62
Positive
Cash Flow
18
Very Negative
| Breakdown | Dec 2025 | Dec 2024 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -549.55K | -701.13K | -452.00K | -40.50K | -42.74K |
| EBITDA | -54.18M | -33.70M | -39.72M | -15.90M | -9.25M |
| Net Income | -41.75M | -34.66M | -33.26M | -13.54M | -8.92M |
Balance Sheet | |||||
| Total Assets | 52.16M | 41.00M | 39.46M | 54.61M | 21.03M |
| Cash, Cash Equivalents and Short-Term Investments | 25.71M | 19.82M | 19.22M | 39.89M | 8.18M |
| Total Debt | 152.68K | 314.27K | 796.90K | 40.00K | 40.00K |
| Total Liabilities | 8.91M | 5.16M | 6.90M | 5.45M | 2.29M |
| Stockholders Equity | 43.25M | 35.84M | 32.56M | 49.16M | 18.75M |
Cash Flow | |||||
| Free Cash Flow | -53.66M | -44.52M | -37.92M | -15.32M | -8.85M |
| Operating Cash Flow | -52.65M | -40.75M | -36.51M | -14.98M | -8.75M |
| Investing Cash Flow | -1.72M | -3.77M | -1.42M | -1.84M | -99.70K |
| Financing Cash Flow | 60.32M | 45.11M | 17.26M | 48.52M | 14.76M |
Fireweed Zinc Technical Analysis
Positive
4.54
Price Trends
3.94
Positive
3.44
Positive
3.09
Positive
Market Momentum
0.16
Negative
59.80
Neutral
71.31
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:FWZ, the sentiment is Positive. The current price of 4.54 is above the 20-day moving average (MA) of 4.03, above the 50-day MA of 3.94, and above the 200-day MA of 3.09, indicating a bullish trend. The MACD of 0.16 indicates Negative momentum. The RSI at 59.80 is Neutral, neither overbought nor oversold. The STOCH value of 71.31 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:FWZ.
Fireweed Zinc 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% | |
57 Neutral | C$314.64M | -19.13 | -52.28% | ― | ― | -59.57% | |
54 Neutral | C$1.05B | 82.35 | -0.35% | ― | ― | -57.63% | |
48 Neutral | C$443.81M | -26.39 | -88.40% | ― | -100.00% | -127.82% | |
47 Neutral | C$53.46M | -105.70 | -1.96% | ― | ― | 5.26% | |
45 Neutral | C$957.37M | -12.89 | -100.63% | ― | ― | 0.74% | |
43 Neutral | C$995.34M | -26.66 | -32.78% | ― | ― | 7.70% |
* Basic Materials Sector Average
TSE:FWZ
Fireweed Zinc
4.54
2.94
183.75%
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Fireweed Zinc Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Fireweed Metals Raises $61.5 Million in Strategic Private Placement
Positive
Apr 2, 2026
Fireweed Metals has closed a previously announced non-brokered private placement, raising approximately $61.5 million through the issuance of 14.7 million common shares at $4.18 each. The financing drew a significant strategic investment from JX A...
Business Operations and StrategyPrivate Placements and Financing
Fireweed Metals Secures $61.5 Million Strategic Private Placement for Critical Metals Projects
Positive
Mar 30, 2026
Fireweed Metals has arranged a non-brokered private placement to raise about $61.5 million through the issuance of up to 14.7 million common shares at $4.18, a premium to recent trading levels, to fund exploration and development at its Macpass, M...
Business Operations and Strategy
Fireweed Metals Launches Feasibility Study for Yukon Mactung Tungsten Project
Positive
Mar 9, 2026
Fireweed Metals has launched an updated feasibility study for its 100%-owned Mactung tungsten project in Yukon, drawing on extensive historical work and its successful 2025 field season. The company has assembled a roster of internationally recogn...
Business Operations and Strategy
Fireweed Metals Secures Indigenous Collaboration Pact for Yukon Critical Metals Projects
Positive
Feb 10, 2026
Fireweed Metals Corp. has signed a comprehensive Exploration and Collaboration Agreement with the Ross River Dena Council covering its Mactung and Macpass critical mineral projects in the Ross River Area of the Kaska Nation Traditional Territory i...
Business Operations and Strategy
Fireweed Metals Strikes Landmark Collaboration Pact With Ross River Dena Council
Positive
Feb 10, 2026
Fireweed Metals Corp. and the Ross River Dena Council have signed a comprehensive Exploration and Collaboration Agreement covering Fireweed’s Mactung and Macpass critical mineral projects in the Ross River Area of the Kaska Nation Traditiona...
Business Operations and Strategy
Fireweed Metals Grants 3.7 Million Stock Options to Staff and Directors
Positive
Jan 23, 2026
Fireweed Metals Corp. has granted a total of 3,673,600 stock options to certain employees and directors under its stock option plan, with an exercise price of $3.14 per share and a five-year term. The move underscores the company’s use of eq...
Business Operations and Strategy
Fireweed Extends Tom South Mineralization with 300 m Step-Out Drill Hole at Macpass
Positive
Jan 15, 2026
Fireweed Metals has reported encouraging initial results from a major 300-metre step-out drill hole at the Tom South zone on its Macpass Project in Yukon, intersecting 58.3 metres of laminated sulphide mineralization grading 2.33% zinc, 0.04% lead...
Business Operations and Strategy
Fireweed Extends Tom South Mineralization with 300 m Step-Out Hole at Macpass
Positive
Jan 15, 2026
Fireweed Metals reported that step-out drill hole TS25-003 at the Tom South zone of its Macpass Project intersected 58.30 metres of laminated sulphide mineralization grading 2.33% zinc, 0.04% lead and 1.79 g/t silver, including a higher-grade 5.24...
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.