Great Atlantic Resources (GR) AI Stock Analysis

• Market Cap: C$8.62M
• Dividend Yield: N/A
• Average Volume (3M): 210.78K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.38
• 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: 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

Focused Atlantic Canada exploration strategy

A concentrated regional focus in Atlantic Canada provides durable technical and permitting knowledge, enabling more efficient prospect generation and targeted drill campaigns. This specialization helps the company build local networks and repeatable geological insight that supports partnership attraction and sustained exploration progress over months.

Moderate absolute debt burden

Total reported debt (~$1.5M TTM) is modest in absolute terms for an exploration junior, which reduces near-term interest and repayment pressure. Lower absolute leverage can preserve flexibility to negotiate option/joint-venture terms and limits one dimension of financing stress as exploration programs continue over the coming quarters.

Diverse funding pathways typical of explorers

Access to multiple capital sources—equity placements, warrant/option proceeds and property option/JV arrangements—creates structural funding options. This funding toolbox lets the company advance programs or farm out risk to partners, supporting continuity of exploration without sole reliance on near-term operating cash flow.

Negative Factors

No revenue and ongoing net losses

The absence of operating revenue combined with a TTM net loss near -$3.3M means the company lacks internal cash generation and is dependent on external capital. Persistent losses reduce runway between financings and increase the structural need to raise dilutive capital or secure partner funding to sustain multi-quarter exploration programs.

Deeply negative shareholders' equity

A materially negative equity position (~ -$5.8M TTM) signals balance-sheet deterioration and constrains financing flexibility. Negative equity can make debt financing harder or more expensive, elevate covenant risk, and increase reliance on dilutive equity raises or asset sales, raising structural funding and solvency concerns over the medium term.

Persistent negative operating and free cash flow

Consistent OCF and FCF outflows (TTM OCF ~ -$1.6M) indicate ongoing cash burn from operations and worsening free cash flow. This creates a structural reliance on capital markets or partner funding; if market access tightens, exploration programs and project timelines could be curtailed, increasing execution risk.

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: Neutral
• 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 Neutral. The current price of 0.08 is below the 20-day moving average (MA) of 0.14, below the 50-day MA of 0.12, and below the 200-day MA of 0.10, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 49.20 is Neutral, neither overbought nor oversold. The STOCH value of 27.78 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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%
GR	50 Neutral	C$8.62M	-0.89	―	―	―	-39.62%
GLM	50 Neutral	C$13.46M	-11.99	-5.30%	―	―	―
PER	49 Neutral	C$31.40M	0.93	14.20%	―	16.85%	―
ETR	49 Neutral	C$6.11M	-16.58	-8.29%	―	―	83.68%
SRI	44 Neutral	C$5.45M	-13.39	-4.30%	―	―	95.92%
NLR	42 Neutral	C$4.79M	-5.21	-284.00%	―	―	-202.42%

Great Atlantic Resources Corporate Events

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.

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.