Hannan Metals Ltd (HAN) AI Stock Analysis

• Market Cap: C$119.23M
• Dividend Yield: N/A
• Average Volume (3M): 76.29K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.34
• Revenue Growth: N/A
• EPS Growth: 56.70%
• Country: CA
• Employees: 4
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): N/A
• Shares Outstanding: 141,943,560
• 10 Day Avg. Volume: 115,570
• 30 Day Avg. Volume: 76,292
• PEG Ratio: 0.83
• Price to Book (P/B): 10.51
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -80.13
• 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$0.88 ▲(4.76% Upside)

The score is held back primarily by weak financial performance (no revenue, ongoing losses, and negative cash flow), partially offset by a debt-free balance sheet. Technicals show modest near-term improvement (price above key short/intermediate moving averages and positive MACD), while valuation is constrained by negative earnings. Corporate events are supportive due to positive exploration progress and fresh funding, but dilution/cash-burn risk remains.

Positive Factors

Strategic Advancements

Approval for drilling at Belen prospect marks a strategic milestone, enhancing exploration capabilities and positioning in the mineral industry.

High-Grade Discoveries

Extension of high-grade gold mineralization at Previsto indicates potential for a major new mineral district, strengthening long-term growth prospects.

Industry Recognition

Recognition as a top mining company on TSX Venture highlights strong performance and strategic importance, boosting credibility and market position.

Negative Factors

Financial Challenges

Lack of revenue and increasing losses question financial sustainability, necessitating operational improvements for long-term viability.

Negative Cash Flow

Negative cash flow highlights inefficiencies in operations, relying on external financing, which could limit strategic flexibility and growth.

Operational Inefficiencies

Negative profit margins indicate operational inefficiencies, undermining financial stability and requiring strategic changes for improvement.

Hannan Metals Ltd Business Overview & Revenue Model

Company Description

Hannan Metals Ltd., a junior mineral exploration company, engages in the acquisition and exploration of mineral properties in Ireland and Peru. The company explores for copper, gold, silver, zinc, and lead deposits. Its flagship project is the 100% owned the San Martin project covering an area of 65,600 hectares located to the northwest of Tarapoto, Peru. The company was formerly known as Mitchell Resources Ltd. and changed its name to Hannan Metals Ltd. in January 2017. Hannan Metals Ltd. is based in Vancouver, Canada.

How the Company Makes Money

Hannan Metals Ltd generates revenue through the exploration and potential development of mineral resources, specifically focusing on copper and silver deposits. The company seeks to increase the value of its mineral assets by conducting extensive exploration activities to define resource estimates, which can then attract investment or lead to joint venture opportunities with larger mining companies. These partnerships or potential future sales of developed mining sites contribute significantly to Hannan's revenue model. Additionally, the company may engage in equity financing to fund its ongoing exploration activities.

Hannan Metals Ltd Financial Statement Overview

Summary

Hannan Metals Ltd faces significant financial challenges with no revenue generation and increasing losses. Despite having a strong equity base and no debt, the company's financial sustainability is questionable due to negative cash flows and reliance on external financing. Improvements in operational efficiency and revenue generation are crucial for future stability.

Income Statement

Hannan Metals Ltd has consistently reported no revenue over the analyzed periods, indicating a lack of operational income generation. The company has been experiencing increasing net losses, with a significant negative net income in the TTM period. Profit margins such as EBIT and EBITDA are negative, reflecting financial instability and operational inefficiencies.

Balance Sheet

The company maintains a strong equity position with no debt, resulting in a favorable debt-to-equity ratio of zero. This indicates financial prudence and stability. However, the continuous decline in stockholders' equity and total assets highlights a potential erosion of financial resources. The equity ratio is healthy, suggesting that most assets are financed by shareholders' equity.

Cash Flow

Hannan Metals Ltd's cash flow statement reveals consistent negative free cash flow, indicating challenges in generating cash from operations. However, the company appears to rely on financing activities for liquidity, as seen by the positive financing cash flow. The operating cash flow to net income ratio is unfavorable, showing inefficiencies in converting net income into cash.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	-12.93K	-8.28K	-5.12K	-4.51K	-6.50K	-15.99K
EBITDA	-2.37M	-953.14K	-5.71M	-1.70M	-875.00K	-1.58M
Net Income	-2.39M	-2.01M	-5.71M	-1.70M	-881.00K	-1.59M
Balance Sheet
Total Assets	12.93M	11.11M	6.88M	11.70M	8.34M	7.25M
Cash, Cash Equivalents and Short-Term Investments	2.29M	2.27M	945.44K	3.32M	2.38M	1.80M
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00
Total Liabilities	399.30K	305.87K	325.16K	347.54K	283.54K	237.98K
Stockholders Equity	12.53M	10.81M	6.55M	11.35M	8.06M	7.01M
Cash Flow
Free Cash Flow	-465.11K	-1.42M	-2.44M	-3.38M	-1.28M	-2.06M
Operating Cash Flow	-1.45M	-1.35M	-860.08K	-826.49K	-727.03K	-1.35M
Investing Cash Flow	-3.84M	-2.76M	-1.58M	-2.55M	-548.63K	-712.14K
Financing Cash Flow	3.97M	5.44M	69.13K	4.32M	1.85M	2.17M

Hannan Metals Ltd Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.84
• 50DMA: Negative
• 100DMA: Positive
• 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:HAN, the sentiment is Negative. The current price of 0.84 is below the 20-day moving average (MA) of 0.88, below the 50-day MA of 0.85, and below the 200-day MA of 0.96, indicating a bearish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 44.73 is Neutral, neither overbought nor oversold. The STOCH value of 18.10 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:HAN.

Hannan Metals Ltd 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%
HAN	50 Neutral	C$119.23M	-42.78	-21.16%	―	―	56.70%
ANDC	50 Neutral	C$141.54M	-23.75	-9.75%	―	―	85.71%
CCCM	48 Neutral	C$140.84M	-38.15	-4.33%	―	―	10.13%
LRA	48 Neutral	C$126.35M	-36.23	-50.05%	―	―	-1816.67%
EMO	42 Neutral	C$188.15M	-12.25	-46.38%	―	―	19.55%

Hannan Metals Ltd Corporate Events

Hannan Metals Validates District-Scale Gold Opportunity at Valiente Project, Peru

Hannan Metals Ltd has reported significant advancements at its 100%-owned Valiente project in Peru. New channel sampling results at the Previsto prospect validate a continuous 1.2 km gold mineralized trend and uncover the potential for further district-scale mineralization with the identification of a new heat/fluid source. The company has only explored a fraction of the target area, revealing a prospective yet largely untapped gold system, which could enhance its position within the mining industry and solidify stakeholder confidence.

Hannan Metals Closes First Tranche of Private Placement to Fund Peruvian Projects

Hannan Metals Limited has successfully closed the first tranche of its non-brokered private placement offering, raising C$7,034,810 through the issuance of 9,379,747 common shares at a price of $0.75 per share. The funds will be used to advance exploration projects in Peru, including the Belen and Previsto gold-copper projects, and for general corporate purposes. The offering is subject to regulatory approvals and is conducted under the listed issuer financing exemption, with no hold period for the securities under Canadian law.

Hannan Metals Upsizes Private Placement to Fund Peruvian Exploration

Hannan Metals Limited has increased its non-brokered private placement offering to 14,000,000 common shares due to strong investor demand, aiming to raise C$10,500,000. The proceeds will fund exploration projects in Peru, including the Belen prospect drill program, and cover corporate expenses, with the offering expected to close by November 28, 2025, pending regulatory approvals.

Hannan Metals Announces AGM Results and Board Appointments

Hannan Metals Limited announced the results of its Annual General Meeting, where shareholders approved all proposed matters, including setting the board size to five directors and electing them, appointing Davidson & Company as auditors, and ratifying the stock option plan. The board reappointed key executives and appointed members to the Audit Committee, reinforcing the company’s governance structure.

Hannan Metals Launches Private Placement to Fund Peruvian Exploration

Hannan Metals Limited announced a non-brokered private placement financing to raise between C$4 million and C$5 million through the issuance of common shares. The funds will be used primarily for exploration activities in Peru, particularly advancing the drill program at the Belen prospect, as well as for general corporate purposes. The offering is expected to close by November 18, 2025, pending regulatory approvals, and includes potential participation from company insiders.