Heritage Mining Ltd. (HML) AI Stock Analysis

• Market Cap: C$4.59M
• Dividend Yield: N/A
• Average Volume (3M): 1.19M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.54
• Revenue Growth: N/A
• EPS Growth: 11.47%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Other Precious Metals
• EPS (TTM): >-0.01
• Shares Outstanding: 183,611,220
• 10 Day Avg. Volume: 1,046,019
• 30 Day Avg. Volume: 1,192,907
• PEG Ratio: 0.03
• Price to Book (P/B): 5.84
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -2.40
• 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: 46 Neutral
• Price Target: C$0.03 ▲(25.00% Upside)

The score is held down primarily by very weak financial performance (no revenue, large losses/cash burn, and equity nearly wiped out creating high leverage). Technicals are neutral-to-mildly improving but lack strong trend confirmation. Corporate events provide a modest offset via funded exploration progress, while valuation support is limited due to losses (negative P/E) and no dividend yield data.

Positive Factors

Exploration Progress

The commencement of drilling at the Melba Project following permit approval indicates strategic progress in exploration, potentially leading to resource discovery and long-term value creation.

Funding and Ownership Expansion

Securing additional funding and expanding project ownership strengthens Heritage's operational capacity and strategic positioning, supporting sustained exploration activities.

Strategic Partnerships

Acquiring a majority stake in the Melba Mine enhances Heritage's presence in a key mining district, offering significant exploration opportunities and potential for resource expansion.

Negative Factors

Financial Health

The lack of revenue and increasing net losses highlight financial instability, posing risks to long-term sustainability and limiting operational flexibility.

Leverage and Equity

High leverage and minimal equity indicate financial vulnerability, reducing the company's ability to absorb shocks and invest in growth opportunities.

Cash Flow Challenges

Persistent negative cash flow underscores ongoing funding risks, necessitating external financing to sustain operations and exploration efforts.

Heritage Mining Ltd. Business Overview & Revenue Model

Company Description

Heritage Mining Ltd. engages in the identification, acquisition, evaluation, and exploration of mineral properties in Ontario, Canada. It explores for gold and other precious metals. The company holds an interest in the Drayton - Black Lake project consisting of 720 mining claims covering an area of approximately 14,921.18 hectares located in the Patricia Mining District, Ontario. It also holds an interest in the Contact Bay property consisting of 147 mining claims covering an area of approximately 4,700 hectares located in Ontario. The company was incorporated in 2019 and is headquartered in Vancouver, Canada.

How the Company Makes Money

Heritage Mining Ltd. generates revenue through the exploration, development, and eventual sale of mineral resources. The primary revenue streams include the sale of extracted metals such as gold, silver, and copper to commodity markets and industrial clients. HML may also engage in strategic partnerships or joint ventures with other mining companies to enhance resource development and share operational costs. Additionally, the company might license exploration and mining rights to third parties, creating a secondary revenue stream. Key factors contributing to HML's earnings include market demand for metals, operational efficiency in mining processes, and the strategic location of their mining sites, which can impact cost-effectiveness and accessibility to resources.

Heritage Mining Ltd. Financial Statement Overview

Summary

Heritage Mining Ltd.'s financial performance is weak, with no revenue generation leading to negative gross profit, EBIT, and net income. The company has negative stockholders' equity and negative operating and free cash flows, indicating significant financial instability and risk.

Income Statement

Heritage Mining Ltd. has generated no revenue in the TTM period, resulting in negative gross profit, EBIT, and net income. The company shows a consistent trend of operating losses over the years, indicating a challenging financial position without revenue generation.

Balance Sheet

The balance sheet shows negative stockholders' equity in the TTM period, indicating financial instability. Additionally, the company has a debt load, although it appears minimal relative to total liabilities. The negative equity is concerning for the company's financial health.

Cash Flow

The cash flow statement shows negative operating and free cash flows, with a reliance on financing activities to cover deficits. This trend poses risks to sustainability, especially given the absence of revenue generation.

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	-136.18K	-95.45K	-57.11K	0.00	0.00	0.00
EBITDA	-4.17M	-2.83M	-2.41M	-2.88M	-455.39K	11.04K
Net Income	-4.04M	-3.01M	-2.69M	-2.88M	-455.00K	-294.00K
Balance Sheet
Total Assets	1.03M	1.10M	535.64K	1.65M	1.09M	814.60K
Cash, Cash Equivalents and Short-Term Investments	226.08K	558.28K	172.21K	808.83K	1.01M	784.43K
Total Debt	239.94K	170.68K	85.72K	0.00	0.00	0.00
Total Liabilities	1.03M	481.79K	354.36K	198.01K	88.65K	58.96K
Stockholders Equity	6.14K	622.81K	181.28K	1.45M	1.00M	755.63K
Cash Flow
Free Cash Flow	-2.62M	-1.52M	-1.90M	-2.87M	-524.21K	-246.25K
Operating Cash Flow	-2.62M	-1.52M	-1.90M	-2.87M	-524.21K	-246.25K
Investing Cash Flow	0.00	0.00	0.00	1.50K	0.00	-1.50K
Financing Cash Flow	2.68M	1.90M	1.27M	2.67M	746.43K	1.03M

Heritage Mining Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.02
• 50DMA: Negative
• 100DMA: Negative
• 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:HML, the sentiment is Negative. The current price of 0.02 is below the 20-day moving average (MA) of 0.02, below the 50-day MA of 0.02, and below the 200-day MA of 0.03, indicating a bearish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 47.96 is Neutral, neither overbought nor oversold. The STOCH value of >-0.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:HML.

Heritage Mining 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%
CAM	53 Neutral	C$37.82M	-6.77	-160.92%	―	―	―
VIPR	52 Neutral	C$171.41M	-9.79	-62.47%	―	―	-57.64%
TUF	51 Neutral	C$23.29M	-5.13	-313.87%	―	―	-17.86%
HML	46 Neutral	C$4.59M	-0.70	―	―	―	11.47%
LECR	35 Underperform	$7.09M	-15.38	-5.66%	―	―	97.05%

Heritage Mining Ltd. Corporate Events

Heritage Mining Raises $687,800 in Final Private Placement Tranche and Settles Debt in Shares

Heritage Mining Ltd. has closed the third and final tranche of its non-brokered private placement, raising gross proceeds of approximately $687,801 through the issuance of units and flow-through units, with funds earmarked for exploration and drilling at its Melba and other Ontario projects as well as general working capital. The company detailed the structure of the units and warrants, clarified previously misreported finder’s fees on an earlier tranche, paid additional finder’s fees on this closing, and completed a shares-for-debt transaction converting $124,925 owed to consultants, service providers, directors and officers into nearly 5 million common shares, steps that collectively strengthen its balance sheet and fund ongoing exploration while involving related-party transactions managed under MI 61-101 exemptions.

The most recent analyst rating on (TSE:HML) stock is a Hold with a C$0.02 price target. To see the full list of analyst forecasts on Heritage Mining Ltd. stock, see the TSE:HML Stock Forecast page.

Heritage Mining Begins Drilling at Melba Project After Permit Approval

Heritage Mining Ltd. has received an exploration permit and commenced diamond drilling at the Melba Project in Northeastern Ontario, a region with a rich history of mining activities. The project aims to confirm high-grade historical results, with plans to drill 26 holes totaling approximately 1,780 meters. This development marks a significant step forward for the company as it seeks to create long-term shareholder value and strengthen its position in the mineral exploration industry.

Heritage Mining Secures Funding and Expands Project Ownership

Heritage Mining Ltd. has successfully closed the second tranche of its non-brokered private placement, raising gross proceeds of $105,799.95. The funds will support exploration and drilling programs at the Melba, Drayton-Black Lake, and Contact Bay projects. Additionally, the company has secured 100% ownership of the Scattergood project and has granted stock options to directors and consultants, reinforcing its strategic growth and operational plans.

Heritage Mining Secures $500,000 to Boost Exploration Efforts

Heritage Mining Ltd. has successfully closed the first tranche of a non-brokered private placement, raising $500,000.99 to fund exploration and drilling at its Melba Project and other sites. This financial move supports the company’s strategic focus on advancing its mineral exploration activities, maintaining momentum in its operations, and strengthening its position in the industry.

Heritage Mining Ltd. Launches $810,000 Private Placement to Fund Exploration

Heritage Mining Ltd. announced a non-brokered private placement of units and flow-through units, aiming to raise up to $810,000. The proceeds will fund exploration and drilling programs at their Drayton-Black Lake and Contact Bay projects, as well as general working capital. The company has secured significant lead orders from stakeholders, reflecting strong support for its initiatives.

Heritage Mining Launches Exploration at Melba Project to Confirm High-Grade Gold

Heritage Mining Ltd. has announced the commencement of a Phase 1 Exploration plan at the Melba Project in Northeastern Ontario, following the acquisition of the Melba Property. The exploration will include diamond drilling and systematic sampling to confirm historical high-grade gold results, with visible gold occurrences noted in previous drill holes. This initiative is expected to enhance the company’s position in the Timmins/Kirkland Lake Gold Camp, potentially increasing its gold resources and attracting stakeholder interest.

Heritage Mining Eyes Cash Flow from Historical Rockpiles at Drayton Black Lake Project

Heritage Mining Ltd. has announced an exploration update on its Drayton Black Lake Project in Northwestern Ontario, highlighting the potential for near-term cash flow from historical rockpiles at the Alcona and Split Lake Mines. The company has completed sampling and volume calculations of these rockpiles, with assays submitted for analysis. Discussions are underway with a nearby mill for future processing, potentially enhancing Heritage’s operational capabilities and market positioning amid high gold prices.

Heritage Mining Advances Ontario Gold Projects with Promising Drilling Results

Heritage Mining Ltd. has announced significant progress in its exploration activities across its Ontario gold projects. The company is advancing towards drilling at the Melba Project, with a focus on confirming high-grade historical results. Additionally, Heritage has reported positive results from the Contact Bay and Drayton Black Lake Projects, indicating promising gold mineralization and extending vein structures, which could enhance their exploration potential and stakeholder value.