Iconic Minerals (ICM) AI Stock Analysis

• Market Cap: C$21.77M
• Dividend Yield: N/A
• Average Volume (3M): 179.55K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.48
• Revenue Growth: N/A
• EPS Growth: 87.74%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): >-0.01
• Shares Outstanding: 155,509,050
• 10 Day Avg. Volume: 173,398
• 30 Day Avg. Volume: 179,550
• PEG Ratio: <0.01
• Price to Book (P/B): 3.62
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -9.93
• 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: 43 Neutral
• Price Target: ―

Iconic Minerals is facing substantial financial challenges with no revenue and ongoing losses, which severely impact its stock score. While technical analysis shows some positive momentum, the high RSI suggests caution due to overbought conditions. Valuation metrics are also weak due to a negative P/E ratio. The recent corporate event adds a negative sentiment due to the termination of a strategic agreement, although it leaves open future possibilities. Overall, the stock's risks outweigh its potential, resulting in a low score.

Positive Factors

Low Debt Levels

Having zero debt provides Iconic Minerals with financial flexibility and reduces the risk of financial distress, allowing the company to potentially leverage future opportunities without the burden of existing debt.

Strategic Control Over Resources

Retaining control over the New Pass project allows Iconic Minerals to explore strategic options for resource development, potentially enhancing its market position and long-term growth prospects in the mining sector.

Sustainable Mining Practices

Focusing on sustainable mining practices aligns Iconic Minerals with global environmental trends, potentially attracting partnerships and investment from stakeholders prioritizing ESG criteria.

Negative Factors

No Revenue Generation

Lack of revenue generation over an extended period raises concerns about the company's ability to monetize its assets and achieve financial sustainability, impacting its long-term viability.

Consistent Losses

Ongoing losses indicate operational inefficiencies and a lack of profitability, which could hinder Iconic Minerals' ability to invest in growth initiatives and maintain competitive advantage.

Cash Flow Constraints

Negative cash flow limits Iconic Minerals' ability to reinvest in its operations, potentially affecting its capacity to develop projects and respond to market opportunities, impacting long-term growth.

Iconic Minerals Business Overview & Revenue Model

Company Description

Iconic Minerals Ltd., a mineral exploration company, engages in the acquisition and exploration of gold and lithium properties in Nevada and Canada. The company holds a 100% interest in the Hercules project located in Lyon County; and 50% interests in the New Pass project located in Churchill County and Squaw creek property located to the north of Battle Mountain in Nevada. It also holds a 100% interest in the Bonnie Claire property with 1,155 claims covering 13,900 acres located in Nevada; and holds an option to acquire a 100% interest in Smith Creek property located in Nevada. The company was formerly known as Bonaventure Enterprises Inc. and changed its name to Iconic Minerals Ltd. in March 2011. Iconic Minerals Ltd. was incorporated in 1979 and is headquartered in Vancouver, Canada.

How the Company Makes Money

Iconic Minerals makes money through the exploration and eventual extraction of mineral resources, primarily lithium and precious metals, from its owned or partnered properties. The company's revenue model hinges on the successful discovery and development of these resources, which are then either sold directly in the commodities market or through partnerships and off-take agreements with other mining companies and industrial consumers. Additionally, Iconic Minerals may generate income through joint ventures, where it collaborates with other entities to share the costs and profits associated with mining projects. Significant partnerships with larger mining companies or technology firms can enhance its ability to monetize its mineral assets, especially in the high-demand sectors like electric vehicle manufacturing that require lithium and other critical minerals.

Iconic Minerals Financial Statement Overview

Summary

Iconic Minerals faces significant financial challenges, with no revenue generation and consistent losses. The balance sheet shows low leverage but also low equity, raising concerns about financial stability. Cash flow constraints further highlight operational difficulties, making the company's financial outlook concerning without substantial changes or revenue growth.

Income Statement

The company has not generated any revenue over the past five years, which is concerning for its sustainability. Consistent negative EBIT and net income highlight ongoing profitability challenges. However, there was a one-time gain in net income in 2023, which is not indicative of a sustainable trend.

Balance Sheet

The balance sheet shows a low debt-to-equity ratio due to zero debt in recent years, which is a positive indicator. However, the equity ratio is low, and the company has had negative stockholders' equity in some years, indicating potential solvency issues. The high liabilities relative to assets are a concern.

Cash Flow

The company has consistently negative free cash flow, indicating ongoing operational cash constraints. While the operating cash flow improved slightly in recent years, it remains negative, and capital expenditures appear to be minimal, suggesting limited reinvestment in the business.

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	0.00	0.00	0.00	0.00	0.00	0.00
EBITDA	-302.19K	-291.13K	-712.00K	-1.94M	-768.60K	-1.08M
Net Income	-305.85K	-291.12K	-2.28M	17.58M	-1.05M	-1.21M
Balance Sheet
Total Assets	1.99M	1.79M	2.13M	4.26M	9.01M	7.04M
Cash, Cash Equivalents and Short-Term Investments	196.74K	316.87K	403.66K	2.41M	137.39K	1.53M
Total Debt	0.00	0.00	0.00	0.00	1.65M	1.83M
Total Liabilities	1.14M	1.42M	1.52M	1.39M	7.45M	4.58M
Stockholders Equity	858.20K	362.23K	610.66K	2.87M	1.57M	2.47M
Cash Flow
Free Cash Flow	-191.43K	-566.18K	-222.80K	-3.32M	-1.04M	-1.26M
Operating Cash Flow	-189.43K	-566.18K	-222.80K	-3.32M	1.70M	29.60K
Investing Cash Flow	170.24K	324.67K	-60.42K	-160.15K	-174.70K	579.73K
Financing Cash Flow	0.00	387.50K	0.00	-16.54K	-316.18K	1.64M

Iconic Minerals Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.14
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:ICM, the sentiment is Positive. The current price of 0.14 is above the 20-day moving average (MA) of 0.10, above the 50-day MA of 0.08, and above the 200-day MA of 0.06, indicating a bullish trend. The MACD of 0.02 indicates Negative momentum. The RSI at 72.72 is Negative, neither overbought nor oversold. The STOCH value of 80.74 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:ICM.

Iconic Minerals 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%
KALO	45 Neutral	C$23.28M	-5.10	-201.31%	―	―	3.29%
ICM	43 Neutral	C$21.77M	-78.95	-59.85%	―	―	87.74%
BARU	41 Neutral	C$24.98M	-6.19	―	―	―	5.41%
OMM	36 Underperform	C$20.97M	-6.15	-58.36%	―	―	-23.23%
DLTA	31 Underperform	C$22.39M	-4.90	-331.35%	―	―	44.39%

Iconic Minerals Corporate Events

Iconic Minerals Terminates Option Agreement for New Pass Gold Property

Iconic Minerals Ltd. has announced the termination of its option agreement with Gold Basin Resources Corporation regarding the New Pass gold property in Nevada. The agreement was terminated due to Gold Basin’s failure to meet the agreed conditions, leaving them with no interest in the property. The New Pass project, which contains significant inferred mineral resources of gold and silver, remains under Iconic’s control, potentially impacting its strategic operations and market positioning in the mining sector.