Great Atlantic Resources (GR) AI Stock Analysis

• Market Cap: C$6.30M
• Dividend Yield: N/A
• Average Volume (3M): 210.78K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.51
• Revenue Growth: N/A
• EPS Growth: -39.62%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): -0.02
• Shares Outstanding: 66,277,695
• 10 Day Avg. Volume: 338,207
• 30 Day Avg. Volume: 210,780
• PEG Ratio: 0.06
• Price to Book (P/B): -0.59
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -1.64
• 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: 40 Underperform
• Price Target: C$0.10 ▲(25.00% Upside)
• Action: Downgraded Date: 03/14/26
• Date: Action: Downgraded 03/14/26

The score is primarily weighed down by weak financial performance (no revenue, ongoing losses and cash burn, and negative equity). Technicals also remain bearish with the price below key moving averages and negative MACD, only partially offset by oversold momentum signals. Valuation provides limited support because the company is unprofitable and has no dividend yield data.

Positive Factors

Regional exploration focus (Atlantic Canada)

A concentrated, regional exploration focus lets management build local geological knowledge, regulatory relationships and operational repeatability. That durable specialization can lower permitting friction, improve prospect targeting and reduce execution risk versus scattered assets.

Multiple non-operating funding pathways

Having several financing avenues (equity placements, warrant exercises, JV earn-ins or asset sales) provides structural flexibility to fund exploration cycles. This reduces single-source funding dependence and supports project advancement through non-operating cash inflows over coming months.

Absolute debt level modest in isolation

Reported total debt (~$1.5M) is modest in absolute terms for an exploration issuer. If managed alongside timely financings or JV cash-ins, this lower nominal debt burden gives the company some near-term optionality versus peers with high fixed-interest loads.

Negative Factors

No revenue generation

The absence of any operating revenue is a structural limitation: without production or recurring cash inflows the business must rely on external capital. Over a multi-month horizon this elevates dilution risk and makes project advancement contingent on successful financings or partner deals.

Deeply negative shareholders' equity

Deeply negative equity is a durable balance-sheet weakness: it constrains borrowing capacity, increases insolvency risk under stress, and typically forces dilutive recapitalizations. This structural impairment limits strategic flexibility until equity is restored or assets are monetized.

Persistent negative operating cash flow

Sustained negative operating and free cash flow signals ongoing cash burn and the need for continuous external funding. Over a 2–6 month horizon this raises the probability of further equity issuance or asset sales, which can delay project timelines and dilute existing holders.

Great Atlantic Resources Business Overview & Revenue Model

Company Description

Great Atlantic Resources Corp., an exploration company, engages in the acquisition, exploration, and evaluation of mineral properties in Atlantic Canada region. It explores for gold, silver, lead, zinc, tungsten, antimony, copper, nickel, cobalt, vanadium, and other precious and base metals. The company holds interest in the Golden Promise project comprising 16 mineral licenses covering an area of approximately 16,525 hectares located in central Newfoundland. It also holds interests in Glenelg Vanadium, Kagoot Brook Cobalt, MacDougal Road, Keymet, Mascarene, Mount Raymond, and Porcupine properties located in New Brunswick; Pilley's Island and South Quarry properties located in Newfoundland; and Mitchell Brook property located in Nova Scotia. The company was formerly known as Greenlight Resources Inc. and changed its name to Great Atlantic Resources Corp. in June 2012. Great Atlantic Resources Corp. was incorporated in 1997 and is headquartered in Vancouver, Canada.

How the Company Makes Money

Great Atlantic Resources does not have publicly available information indicating recurring operating revenue from the sale of minerals or mining production. Instead, as an exploration-stage company, it typically funds its activities through capital markets and exploration property transactions: (1) Equity financing: raising cash by issuing common shares (and sometimes units/warrants) via private placements or other financings to investors to fund exploration and corporate overhead. (2) Warrant and option exercises: receiving proceeds when investors exercise outstanding warrants or stock options. (3) Property option/earn-in or joint venture arrangements: potentially generating cash payments, receiving exploration spend commitments from partners, or retaining carried interests/royalties by optioning out interests in exploration properties; specific, material agreements are null. (4) Asset sales or monetization: potentially selling or staking/claim interests or receiving consideration for transferring property interests; specific, material transactions are null. Significant partnerships or other material factors contributing to earnings are null based on the information available here.

Great Atlantic Resources Financial Statement Overview

Summary

Financial statements indicate a very high-risk profile: no revenue across the periods provided, persistent net losses (TTM about -$3.3M), ongoing negative operating and free cash flow (TTM OCF about -$1.6M), and a materially weakened balance sheet with deeply negative equity (TTM about -$5.8M). Debt is moderate in absolute terms (~$1.5M TTM), but negative equity and cash burn dominate the assessment.

Income Statement

Across annual periods (2021–2025) and TTM (Trailing-Twelve-Months), the company reports no revenue and consistently negative gross profit, indicating ongoing costs without an operating top line. Losses remain sizable (TTM net loss of about -$3.3M), with profitability not yet showing a durable improvement versus prior years. The main strength is that losses have at times narrowed versus the worst year (2022), but overall the income profile remains weak with no clear revenue ramp in the provided data.

Balance Sheet

The balance sheet has deteriorated materially: stockholders’ equity has moved from positive in 2021–2023 to deeply negative in 2024–2025 (TTM equity about -$5.8M), which is a major financial risk signal. Debt has increased to roughly $1.5M TTM, and negative equity makes leverage optics unfavorable and reduces financial flexibility. A relative positive is that reported total debt is not extremely large in absolute terms, but the negative equity position dominates the risk assessment.

Cash Flow

Cash generation is consistently negative: operating cash flow and free cash flow are both outflows in every period shown, including TTM operating cash flow of about -$1.6M. Free cash flow has also worsened year over year in the latest data (TTM showing a sharp negative growth rate), signaling higher cash burn rather than stabilization. While cash burn is somewhat lower than the peak outflow year (2022), the company still appears reliant on external funding to sustain operations.

Breakdown	TTM	May 2024	May 2023	May 2022	May 2021	May 2020
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	-85.35K	-95.83K	-230.00K	-250.00K	-167.00K	-73.34K
EBITDA	-2.67M	-1.95M	-2.37M	-3.00M	-3.60M	-2.27M
Net Income	-3.28M	-2.38M	-2.69M	-3.27M	-3.78M	-2.27M
Balance Sheet
Total Assets	314.37K	364.89K	422.51K	1.80M	2.94M	1.75M
Cash, Cash Equivalents and Short-Term Investments	6.88K	3.96K	4.52K	23.89K	1.01M	1.37M
Total Debt	1.49M	695.07K	435.48K	407.51K	62.41K	136.44K
Total Liabilities	6.14M	4.40M	2.42M	1.15M	352.30K	255.05K
Stockholders Equity	-5.83M	-4.04M	-2.00M	651.78K	2.59M	1.49M
Cash Flow
Free Cash Flow	-1.56M	-1.46M	-664.94K	-2.27M	-5.85M	-2.16M
Operating Cash Flow	-1.56M	-1.46M	-655.57K	-2.27M	-4.34M	-2.16M
Investing Cash Flow	0.00	0.00	-9.37K	99.77K	-1.51M	37.22K
Financing Cash Flow	1.56M	1.46M	665.92K	1.28M	5.55M	3.31M

Great Atlantic Resources Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.08
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:GR, the sentiment is Negative. The current price of 0.08 is below the 20-day moving average (MA) of 0.13, below the 50-day MA of 0.12, and below the 200-day MA of 0.11, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 37.08 is Neutral, neither overbought nor oversold. The STOCH value of 12.17 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:GR.

Great Atlantic Resources 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%
PER	60 Neutral	C$20.94M	0.93	14.20%	―	16.85%	―
GLM	50 Neutral	C$12.48M	-11.99	-5.30%	―	―	―
ETR	48 Neutral	C$6.75M	-16.58	-8.50%	―	―	83.68%
NLR	45 Neutral	C$3.77M	-5.21	-284.00%	―	―	-202.42%
SRI	44 Neutral	C$5.45M	-13.39	-4.20%	―	―	95.92%
GR	40 Underperform	C$6.30M	-0.89	―	―	―	-39.62%

Great Atlantic Resources Corporate Events

Great Atlantic Launches 2026 Exploration at Glenelg Gold–Antimony–Vanadium Project

Great Atlantic Resources has launched its 2026 exploration program at the Glenelg Gold–Antimony–Vanadium property in southwest New Brunswick, concentrating on zones where previous rock sampling identified gold, antimony, vanadium, lithium and titanium mineralization. Management views Glenelg as a potential polymetallic discovery, supported by gold-bearing outcrops and a high-grade antimony vein that has returned antimony values of up to 23.4%.

The 2026 work will advance three main target areas using focused prospecting, soil and rock geochemistry and geophysical surveys to refine trenching and diamond drilling locations. In the South-Central region, where gold and antimony are already confirmed in bedrock, the program aims to define specific drill-ready sites, a step that could materially advance the project’s development prospects and enhance Great Atlantic’s positioning in critical metals exploration in Atlantic Canada.

The most recent analyst rating on (TSE:GR) stock is a Sell with a C$0.09 price target. To see the full list of analyst forecasts on Great Atlantic Resources stock, see the TSE:GR Stock Forecast page.

Great Atlantic Options Mount Raymond Critical Metals Property to Slam Exploration

Great Atlantic Resources has granted Slam Exploration an option to earn a 100% interest in its Mount Raymond South cobalt-copper-nickel-vanadium property in northern New Brunswick. The 175-hectare property hosts documented near-surface mineralization, including historical drill intersections of cobalt, copper, nickel and vanadium, though these results have not been independently verified by Great Atlantic.

Under the arm’s-length agreement, Slam can secure full ownership by making staged cash payments totalling $82,500, issuing 675,000 shares to Great Atlantic and spending at least $200,000 on exploration over three years. Upon completion, Great Atlantic will retain a 2% net smelter return royalty, with Slam holding the right to buy back 1% for $1 million, giving Great Atlantic ongoing exposure to potential future production while shifting exploration costs to its partner.

The most recent analyst rating on (TSE:GR) stock is a Sell with a C$0.11 price target. To see the full list of analyst forecasts on Great Atlantic Resources stock, see the TSE:GR Stock Forecast page.

Great Atlantic Plans Major 2026 Exploration Program at Keymet Silver Project in New Brunswick

Great Atlantic Resources plans a comprehensive 2026 exploration campaign at its 100%-owned Keymet Project in northern New Brunswick, centered on the historic Keymet Silver Mine, Elmtree Silver Mine and the Elmtree 12 vein system. The 3,340-hectare property has a history of high-grade polymetallic production and drilling, including significant silver, copper, zinc and lead intercepts.

The company aims to conduct prospecting, geochemical sampling, geophysical surveys, trenching and 2,500 metres of diamond drilling focused on extending known polymetallic veins and testing deeper and along-strike targets at Elmtree 12. Planned work, for which permits are being finalized, is designed to expand the mineralized footprint, identify new veins and evaluate gold potential, potentially enhancing the project’s resource base and strategic importance within the Bathurst mining district.

The most recent analyst rating on (TSE:GR) stock is a Sell with a C$0.11 price target. To see the full list of analyst forecasts on Great Atlantic Resources stock, see the TSE:GR Stock Forecast page.

Great Atlantic Reports New Gold Discoveries at Glenelg Property in New Brunswick

Great Atlantic Resources has reported new bedrock gold discoveries from its 2025 prospecting program at the Glenelg Gold-Antimony-Vanadium Property in southwest New Brunswick. Grab samples from two separate outcrops in the south-central and southern regions returned highly anomalous gold values of 1.72 g/t and 0.733 g/t, with the higher-grade sample also carrying elevated silver, bismuth, cobalt and copper.

The 1.72 g/t gold sample was taken from a narrow fault zone within the Bocabec Gabbro complex, near a previously identified high-grade antimony vein that has yielded antimony values exceeding 13 percent in earlier work. A second sample near the Johnson Lake occurrence further confirms gold mineralization there, adding to prior anomalous results from 2023 and 2024.

Additional 2025 rock sample results from other parts of Glenelg are still pending, which could refine the property’s exploration potential adjacent to Galway’s Clarence Stream project. Separately, the company granted 1.2 million stock options at an exercise price of $0.15 to directors, officers and consultants, reinforcing management and advisor incentives as exploration advances.

The most recent analyst rating on (TSE:GR) stock is a Sell with a C$0.12 price target. To see the full list of analyst forecasts on Great Atlantic Resources stock, see the TSE:GR Stock Forecast page.

Great Atlantic Reports New Gold Discoveries at Glenelg Property in New Brunswick

Great Atlantic Resources reported new gold discoveries from its 2025 prospecting program at the Glenelg Property in southwest New Brunswick, including a grab sample grading 1.72 g/t gold from a fault zone in bedrock and another sample grading 0.733 g/t gold near the Johnson Lake mineral occurrence. These results build on prior anomalous gold and high-grade antimony findings on the property and underscore the potential for a broader mineralized system adjacent to Galway Metals’ Clarence Stream gold project, while the company also granted 1.2 million stock options to directors, officers and consultants as it advances exploration.

The latest assays, which also returned anomalous silver, bismuth, cobalt and copper, further confirm the presence of polymetallic mineralization in the south-central portion of Glenelg and add momentum to Great Atlantic’s exploration strategy in the region. Pending analytical results from additional 2025 samples could refine future work programs and may influence investor sentiment, given the property’s proximity to an established NI 43-101 gold resource at Clarence Stream, though mineralization there is not necessarily indicative of that at Glenelg.

The most recent analyst rating on (TSE:GR) stock is a Sell with a C$0.12 price target. To see the full list of analyst forecasts on Great Atlantic Resources stock, see the TSE:GR Stock Forecast page.

Great Atlantic Confirms 900-Meter Cobalt Anomaly at Kagoot Brook Property

Great Atlantic Resources reported new stream sediment sampling results from its 100%-owned Kagoot Brook Cobalt Property in northern New Brunswick, confirming a 900-meter-long section of cobalt anomalies along an eastern tributary. Ten of eleven 2024 samples exceeded 100 ppm cobalt, with five consecutive samples over roughly 390 meters returning highly anomalous values between 360 ppm and 610 ppm, alongside elevated zinc and nickel.

These results corroborate historic government and industry data showing strong cobalt anomalies in the area, reinforcing Kagoot Brook’s potential as a cobalt-bearing exploration target. The company has not yet identified the bedrock source of the anomalies but plans focused prospecting, rock and soil geochemical work, geophysical surveys near the most anomalous samples, and additional stream sediment sampling on a second tributary in 2026, which could further define the project’s exploration upside.

The most recent analyst rating on (TSE:GR) stock is a Sell with a C$0.12 price target. To see the full list of analyst forecasts on Great Atlantic Resources stock, see the TSE:GR Stock Forecast page.