Great Atlantic Resources (GR) AI Stock Analysis

• Market Cap: C$9.25M
• Dividend Yield: N/A
• Average Volume (3M): 210.78K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.32
• 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: 66,077,700
• 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: 50 Neutral
• Price Target: C$0.13 ▲(62.50% Upside)
• Action: Reiterated Date: 02/03/26
• Date: Action: Reiterated 02/03/26

The score is held down primarily by weak financial performance (no revenue, ongoing losses and cash burn, and negative equity). Technicals provide meaningful near-term support (price above major moving averages and positive MACD), while valuation is constrained by unprofitability and the absence of a dividend yield.

Positive Factors

Strategic regional focus

Concentrating exploration in Atlantic Canada (notably Newfoundland and Labrador) gives the company a focused pipeline in known mineral provinces. Over months this can attract JV partners, streamline permitting and logistics, and concentrate technical expertise for efficient prospect advancement.

Multiple funding pathways

As an exploration-stage issuer, the company has structural access to capital-market mechanisms (equity placements, warrant exercise proceeds) and industry funding routes (option/earn-in, JV, asset deals). These provide repeated, durable avenues to finance programs without relying on operating cash flow.

Modest absolute debt burden

Total reported debt is modest in absolute terms (~$1.5M TTM), which limits fixed financing obligations relative to highly leveraged peers. Structurally, lower debt reduces immediate solvency pressure and preserves options for securing partner-funded exploration or incremental equity raises.

Negative Factors

No operating revenue

The company reports no operating revenue across periods, so it cannot self-fund exploration from operations. Over a 2–6 month horizon this structural absence of top-line income forces dependence on external financing and increases execution risk if capital markets tighten or partner interest wanes.

Consistent negative cash flow

Operating cash flow and free cash flow are consistently negative (TTM OCF ≈ -$1.6M), indicating ongoing cash burn. This durable cash deficit necessitates repeated financings, increasing dilution risk and potentially constraining sustained exploration activity if funding terms deteriorate.

Deeply negative shareholders' equity

Shareholders' equity has moved to a materially negative position (TTM ≈ -$5.8M), signaling balance-sheet deterioration. This structural weakness limits access to non-dilutive credit, raises lender scrutiny, and reduces financial flexibility to pursue longer-duration exploration campaigns without dilutive capital raises.

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 profile is high risk: no revenue across periods provided, persistent net losses (TTM about -$3.3M), ongoing operating and free cash flow outflows (TTM operating cash flow about -$1.6M), and a materially weakened balance sheet with deeply negative equity (TTM about -$5.8M). Moderate absolute debt (~$1.5M TTM) is a minor offset but does not outweigh negative equity and cash burn.

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: Positive
• Last Price: 0.08
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• 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 0.14, below the 50-day MA of 0.11, and below the 200-day MA of 0.10, indicating a bullish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 53.82 is Neutral, neither overbought nor oversold. The STOCH value of 58.73 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$14.48M	-34.52	-5.30%	―	―	―
GR	50 Neutral	C$9.25M	-2.57	―	―	―	-39.62%
PER	49 Neutral	C$25.91M	133.33	14.20%	―	16.85%	―
ETR	49 Neutral	C$6.11M	-14.62	-8.29%	―	―	83.68%
SRI	44 Neutral	C$5.45M	-150.00	-4.30%	―	―	95.92%
NLR	43 Neutral	C$4.11M	-1.48	-284.00%	―	―	-202.42%

Great Atlantic Resources Corporate Events

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.

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.