Great Atlantic Resources (GR) AI Stock Analysis

• Market Cap: C$10.15M
• Dividend Yield: N/A
• Average Volume (3M): 210.78K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.47
• 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: 65,459,500
• 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: 45 Neutral
• Price Target: C$0.16 ▲(95.00% Upside)

The score is held down primarily by very weak financial performance (no revenue, ongoing losses, negative equity, and continued cash burn). Technicals provide some offset due to strong momentum above moving averages, but valuation remains unattractive given ongoing losses and no dividend yield support.

Positive Factors

Regional Exploration Focus

A concentrated focus on Newfoundland and Labrador provides geological familiarity and a targeted project pipeline. For an exploration firm, regional specialization can lower discovery costs, streamline permitting and stakeholder engagement, and sustain project advancement over multiple funding cycles.

Diverse Financing Pathways

Access to multiple capital sources—equity placements, warrant exercises, partner earn-ins and asset transactions—gives the company funding flexibility across exploration cycles. This reduces single-channel funding risk and supports continuation of programs when market conditions vary over the medium term.

Improving Cash Burn Trend

Although cash flow remains negative, a reversal from severe prior-year burn to improved TTM free cash flow suggests better capital efficiency and program scaling. Sustained improvement can lengthen runway between financings and make the company more attractive to JV partners and investors over months.

Negative Factors

Negative Equity & Balance-Sheet Stress

Deeply negative equity with small total assets and rising debt signals elevated solvency risk and limited financial flexibility. This constrains the firm’s ability to self-fund exploration, weakens negotiating leverage in joint ventures, and increases the probability of dilutive financings or asset disposals.

No Operating Revenue

Lack of any operating revenue means the business model is entirely exploration-stage and cannot generate internal cash to support operations. This structural characteristic makes progress dependent on external capital, delaying the path to profitability and heightening execution risk over time.

Persistent Negative Cash Flow

Sustained negative operating cash flow and dependence on capital markets leave the company exposed to funding cycles and market access risk. If financing conditions tighten, exploration programs may be curtailed, increasing dilution or debt needs and impeding long-term project development.

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 generates revenue primarily through the exploration and development of its mineral properties. The company invests in exploration activities to identify potential mineral deposits and subsequently seeks to monetize these assets through partnerships, joint ventures, or outright sales to larger mining companies. Additionally, Great Atlantic Resources may earn revenue by entering into option agreements, where other companies pay for the right to acquire an interest in their properties. The company's value proposition is significantly influenced by the market demand for the minerals it explores, particularly gold and silver, which can impact the potential financial returns from its projects.

Great Atlantic Resources Financial Statement Overview

Summary

Financial strength is very weak: results are consistently loss-making with no reported revenue and negative gross profit, the balance sheet shows deeply negative equity (solvency risk) with rising debt, and operating/free cash flow remain negative despite some improvement versus earlier periods.

Income Statement

Results are consistently loss-making with no reported revenue across the annual periods and TTM (Trailing-Twelve-Months), while gross profit is negative throughout—suggesting ongoing overhead and project/holding costs without offsetting sales. Losses remain sizeable (TTM net loss of ~2.97M vs ~2.38M in FY2025), although operating losses have narrowed versus FY2022–FY2023 levels. Overall, profitability visibility is weak and the path to sustainable earnings is unclear.

Balance Sheet

The balance sheet has deteriorated materially: shareholder equity has swung from positive in FY2021–FY2023 to deeply negative in FY2024–TTM (about -5.15M TTM), a major red flag for financial flexibility. Debt has increased (to ~1.34M TTM) while total assets are small (~0.34M TTM), implying elevated balance-sheet stress and limited asset coverage. While the reported debt-to-equity becomes negative due to negative equity (not a sign of low leverage), the underlying takeaway is higher solvency risk.

Cash Flow

Cash generation remains pressured with persistently negative operating cash flow and free cash flow (TTM operating/free cash flow about -1.84M). There is some improvement from the severe cash burn in FY2022 (operating cash flow about -4.34M), and TTM free cash flow growth is positive versus the prior period, but absolute cash burn is still meaningful. Cash flow quality is also weak given losses are not translating into self-funding operations, leaving the business reliant on external financing.

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	-88.72K	-95.83K	-230.00K	-250.00K	-167.00K	-73.34K
EBITDA	-2.35M	-1.95M	-2.37M	-3.00M	-3.60M	-2.27M
Net Income	-2.97M	-2.38M	-2.69M	-3.27M	-3.78M	-2.27M
Balance Sheet
Total Assets	340.64K	364.89K	422.51K	1.80M	2.94M	1.75M
Cash, Cash Equivalents and Short-Term Investments	5.70K	3.96K	4.52K	23.89K	1.01M	1.37M
Total Debt	1.34M	695.07K	435.48K	407.51K	62.41K	136.44K
Total Liabilities	5.49M	4.40M	2.42M	1.15M	352.30K	255.05K
Stockholders Equity	-5.15M	-4.04M	-2.00M	651.78K	2.59M	1.49M
Cash Flow
Free Cash Flow	-1.84M	-1.46M	-664.94K	-2.27M	-5.85M	-2.16M
Operating Cash Flow	-1.84M	-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	1.84M	1.46M	665.92K	1.28M	5.55M	3.31M

Great Atlantic Resources Technical Analysis

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

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:GR, the sentiment is Positive. The current price of 0.08 is below the 20-day moving average (MA) of 0.11, below the 50-day MA of 0.09, and below the 200-day MA of 0.10, indicating a bullish trend. The MACD of 0.02 indicates Negative momentum. The RSI at 71.44 is Negative, neither overbought nor oversold. The STOCH value of 65.22 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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%
GLM	52 Neutral	C$11.98M	-21.82	-5.30%	―	―	―
PER	49 Neutral	C$14.53M	70.00	14.20%	―	16.85%	―
ETR	49 Neutral	C$6.43M	-16.13	-8.29%	―	―	83.68%
GR	45 Neutral	C$10.15M	-2.85	―	―	―	-39.62%
SRI	44 Neutral	C$5.10M	-150.00	-4.30%	―	―	95.92%
NLR	43 Neutral	C$5.14M	-1.85	-284.00%	―	―	-202.42%

Great Atlantic Resources Corporate Events

Great Atlantic Unveils Promising Silver Exploration Results at Keymet Project

Great Atlantic Resources has announced the completion of a comprehensive exploration results compilation for its Keymet Precious-Base Metal Project in New Brunswick. This project, which includes historic silver mines like the Keymet and Elmtree, has revealed significant high-grade silver intercepts from recent drilling activities. The findings underscore the project’s historical significance and potential for further high-grade silver discoveries, positioning Great Atlantic as a key player in the Eastern Canadian mining sector.

Great Atlantic Expands Nashwaak Lake Tungsten Project in Strategic Move

Great Atlantic Resources Corp. has significantly expanded its Nashwaak Lake Tungsten Property in western New Brunswick, tripling its size through mineral claim staking. This expansion positions the property closer to the strategic Sisson Project, which is recognized as a major Canadian infrastructure asset. The Nashwaak Lake property shows promising tungsten mineralization, with historical data indicating significant tungsten presence in both rock and soil samples. This development could enhance Great Atlantic’s standing in the tungsten market, offering potential benefits to stakeholders by increasing the company’s resource base and strategic positioning.

Great Atlantic Halts Bulk Sampling at Golden Promise Due to Technical and Financial Challenges

Great Atlantic Resources Corp. has halted its bulk sampling program at the Golden Promise Property due to technical difficulties and financial constraints. The program faced persistent issues with the directional course-correction head, crucial for maintaining drill accuracy, and was further impacted by Novamera Inc.’s financial challenges and adverse weather conditions. Despite these setbacks, the company remains optimistic about resuming the program, as the permit remains valid until 2027, and all expenditures will contribute to the long-term assessment of the property.

Great Atlantic Commences New Sampling at Keymet Property

Great Atlantic Resources Corp. has initiated additional sampling of drill core from its 2021 diamond drilling program at the Keymet Property, which revealed significant mineralization including high-grade silver, zinc, and copper. This program aims to further analyze unsampled intervals for gold and base metals, potentially enhancing the company’s resource estimates and strengthening its position in the mining sector.

Great Atlantic Reports Up to 99% Gold Recovery at Golden Promise Property

Great Atlantic Resources Corp. has announced promising results from metallurgical scoping tests at its Golden Promise Gold Property in central Newfoundland. The tests, conducted by SGS Canada Inc., indicate a potential gold recovery rate of up to 99% from the Jaclyn Main Zone, suggesting a highly efficient extraction process. These results could significantly enhance the company’s operational capabilities and strengthen its position within the gold mining sector. The company plans to advance the project to a flowsheet development phase, focusing on optimizing gold recovery processes and assessing environmental impacts.