Grid Metals (GRDM) AI Stock Analysis

• Market Cap: C$31.46M
• Dividend Yield: N/A
• Average Volume (3M): 311.88K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.58
• Revenue Growth: N/A
• EPS Growth: 78.09%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): >-0.01
• Shares Outstanding: 233,037,060
• 10 Day Avg. Volume: 290,309
• 30 Day Avg. Volume: 311,880
• PEG Ratio: 0.03
• Price to Book (P/B): 45.82
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -1.03
• 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: 48 Neutral
• Price Target: C$0.16 ▲(12.86% Upside)

The score is primarily held down by weak financial performance (no revenue, persistent losses, significant cash burn, and a very thin equity cushion). Technicals are neutral-to-modestly constructive and recent corporate updates (high-grade cesium results and exploration financing) provide a positive catalyst, but valuation support is limited given ongoing losses.

Grid Metals Business Overview & Revenue Model

Company Description

Grid Metals Corp. engages in exploring and developing base and precious metal mineral properties in Canada. It explores for nickel, copper, cobalt, lithium and rare metals, and platinum group metals. The company primarily focuses on the East Bull Lake Palladium Property located in Ontario. Its properties also include the Makwa-Mayville Nickel Copper PGM Cobalt Project in Manitoba; and the Bannockburn Nickel Project located in the Sudbury Mining Division, Ontario. The company was formerly known as Mustang Minerals Corp. and changed its name to Grid Metals Corp. in June 2018. The company was incorporated in 1997 and is headquartered in Toronto, Canada.

How the Company Makes Money

Grid Metals makes money through the exploration and development of its mineral properties, with the objective of bringing them into production. The company's revenue model primarily revolves around increasing the value of its projects through successful exploration, resource definition, and feasibility studies, which can lead to joint ventures, partnerships, or outright sales of assets to larger mining companies. Additionally, Grid Metals may generate revenue through strategic alliances or partnerships with other companies in the mining sector, which can provide funding and technical expertise to advance its projects. The company may also benefit from metal price appreciation, which can enhance the value of its in-ground resources.

Grid Metals Financial Statement Overview

Summary

Very weak fundamentals: no reported revenue, persistent operating and net losses, and heavy ongoing cash burn. Balance sheet resilience has eroded sharply with a very thin equity base and elevated debt-to-equity, increasing financing risk and dependence on external capital.

Income Statement

The company reports no revenue across the period provided, indicating it is still pre-commercial or not generating sales. Losses remain persistent and sizable: net income was -$6.0M in 2024 and -$1.45M in TTM (Trailing-Twelve-Months), with operating losses also material (EBIT of -$9.23M in 2024 and -$5.01M in TTM). A positive net income in 2022 appears to be an exception rather than a sustained turnaround, and profitability is not yet stable.

Balance Sheet

The balance sheet has weakened meaningfully versus earlier years, with equity shrinking sharply (from $6.10M in 2023 to $178K in 2024 and $25K in TTM (Trailing-Twelve-Months)). Leverage has increased as a result, with debt-to-equity rising to 2.61x in 2024 and 4.53x in TTM (Trailing-Twelve-Months), which elevates financial risk. Total debt is not large in absolute dollars in TTM ($114K), but the thin equity base leaves little cushion against continued losses.

Cash Flow

Cash generation is weak, with consistently negative operating cash flow (about -$7.9M in 2024 and -$8.44M in TTM (Trailing-Twelve-Months)) and similarly negative free cash flow (-$7.9M in 2024 and -$8.41M in TTM). Free cash flow deterioration in TTM (reported growth of -10.09) signals intensifying cash burn. While free cash flow roughly tracks net losses (close to 1x), the business remains dependent on external funding until operating cash flow improves.

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	-385.83K	-808.75K	-151.00K	-25.25K	-12.39K	-11.15K
EBITDA	-1.05M	-5.00M	-10.09M	301.00K	-3.84M	-3.19M
Net Income	-1.45M	-6.04M	-10.37M	275.76K	-3.85M	-3.20M
Balance Sheet
Total Assets	542.29K	1.53M	12.79M	12.90M	3.00M	32.72M
Cash, Cash Equivalents and Short-Term Investments	496.07K	1.25M	3.47M	12.30M	2.91M	3.09M
Total Debt	113.68K	465.27K	3.65M	78.00K	90.73K	63.89K
Total Liabilities	517.19K	1.36M	6.69M	1.40M	516.43K	1.64M
Stockholders Equity	25.10K	178.25K	6.10M	11.50M	2.49M	31.08M
Cash Flow
Free Cash Flow	-8.41M	-7.89M	-8.14M	-4.28M	-3.60M	-2.83M
Operating Cash Flow	-8.44M	-7.89M	-8.14M	-4.20M	-3.60M	-995.40K
Investing Cash Flow	1.62M	944.00K	2.08M	839.63K	44.76K	-1.83M
Financing Cash Flow	4.89M	4.83M	-620.55K	9.86M	3.42M	4.77M

Grid Metals Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.14
• 50DMA: Negative
• 100DMA: Negative
• 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:GRDM, the sentiment is Negative. The current price of 0.14 is below the 20-day moving average (MA) of 0.15, below the 50-day MA of 0.14, and above the 200-day MA of 0.10, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 44.25 is Neutral, neither overbought nor oversold. The STOCH value of 21.43 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:GRDM.

Grid Metals 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%
GRDM	48 Neutral	C$31.46M	-19.01	-194.10%	―	―	78.09%
GIGA	48 Neutral	C$15.11M	-5.90	-11.32%	―	―	-17.47%
SPC	47 Neutral	C$33.12M	-8.49	-150.61%	―	―	10.17%
EVNI	47 Neutral	C$24.47M	-9.61	-58.79%	―	―	21.31%
TN	46 Neutral	C$52.40M	-64.52	-7.40%	―	―	74.27%
NICO	43 Neutral	C$22.07M	-12.37	―	―	―	37.82%

Grid Metals Corporate Events

Grid Metals Reports Significant High-Grade Cesium Discoveries at Falcon West

Grid Metals Corp. announced significant high-grade cesium assay results from its Falcon West cesium property, highlighting the discovery of a near-surface zone of pollucite-hosted cesium mineralization. The drilling program has identified some of the highest cesium intercepts globally, confirming the potential of the Lucy South target zone. With the cesium enrichment trend remaining open in multiple directions, the company plans to commence the second phase of drilling in January 2026, which could further enhance its positioning in the critical metals market.

Grid Metals Reports High-Grade Cesium Discoveries at Falcon West Project

Grid Metals Corp. has announced promising results from its 2025 cesium-focused drill program at the Falcon West Cesium property, located near Winnipeg, Manitoba. The initial drilling has revealed high-grade cesium mineralization, with some of the highest cesium grade-thickness intercepts recorded globally in recent years. The company’s efforts aim to establish Falcon West as a significant cesium project to support a North American supply chain, amidst a global shortfall of cesium feedstock for various strategic applications.

Grid Metals Reports High-Grade Cesium Discovery at Falcon West Project

Grid Metals Corp. has announced promising results from its 2025 cesium-focused drilling program at the Falcon West Cesium property in Manitoba. The initial drilling has revealed high-grade cesium mineralization, with some of the highest grade-thickness intercepts recorded globally in recent years. This development positions the Falcon West property as a significant geological target, potentially supporting a North American cesium supply chain amid a global shortfall in cesium feedstock. The company plans to complete approximately 70 drill holes to further delineate the cesium resource, which could have substantial implications for stakeholders and the cesium market.

Grid Metals Corp. Advances Exploration with New Drill Programs

Grid Metals Corp. has announced the commencement of a cesium-focused drill program at the Falcon West Cesium Project, targeting the Lucy cesium zone with plans for at least forty drill holes. This initiative marks a significant step in defining a discrete cesium zone, aligning with the growing demand for cesium in high-tech applications. Additionally, the Makwa Nickel/Copper Project, under a joint venture with Teck Resources, is set to begin exploration drilling at the Pavo Anomaly, where nickel sulfide mineralization has been discovered. These developments are expected to enhance Grid Metals’ positioning in the critical metals market and potentially impact stakeholders positively.