Irving Resources (IRV) AI Stock Analysis

• Market Cap: C$22.09M
• Dividend Yield: N/A
• Average Volume (3M): 58.88K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.81
• Revenue Growth: N/A
• EPS Growth: -165.27%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): >-0.01
• Shares Outstanding: 83,355,640
• 10 Day Avg. Volume: 52,395
• 30 Day Avg. Volume: 58,884
• PEG Ratio: -0.04
• Price to Book (P/B): 0.44
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -8.59
• 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$0.25 ▲(6.52% Upside)

The score is held back primarily by ongoing losses, no revenue, and negative operating/free cash flow (continued funding dependence), partially offset by a strong low-debt balance sheet. Technicals are neutral-to-soft with limited momentum, while corporate updates are constructive due to encouraging exploration progress and partner advancement.

Positive Factors

Strategic Partnerships

The partnership with JX Advanced Metals enhances Irving's exploration capabilities and potential revenue from the Omu project, supporting long-term growth.

Leadership Change

Appointing an experienced economic geologist as president can strengthen strategic direction and execution in Japan, impacting future exploration success.

Exploration Progress

Promising exploration results at Omu indicate potential for significant resource discovery, which could lead to future revenue and project development.

Negative Factors

Financial Challenges

Persistent lack of revenue and profitability raises concerns about financial sustainability and limits ability to fund future exploration without external financing.

Cash Flow Constraints

Inconsistent operating cash flow and negative free cash flow indicate difficulties in funding operations and capital expenditures, impacting long-term viability.

Operational Inefficiencies

Operational inefficiencies leading to negative margins suggest challenges in cost management and profitability, affecting long-term operational success.

Irving Resources Business Overview & Revenue Model

Company Description

Irving Resources Inc., a junior exploration stage company, focuses on exploring gold in Japan. It also explores for silver and rare earth elements. The company holds interest in the Omui property that covers an area of 2.98 square kilometers; the Shimokawa property covering an area of 48.50 square kilometers; the Utanobori property that covers an area of 121.55 square kilometers; the Engaru property that covers an area of 84.42 square kilometers; the Noto property covering an area of 337.37 square kilometers; the Yamagano property; and the Eniwa project, which comprises an area of 56.15 square kilometers located in Japan. The company was incorporated in 2015 and is headquartered in Vancouver, Canada.

How the Company Makes Money

Irving Resources makes money through the exploration and development of mineral properties with a primary focus on gold and silver. The company generates revenue by identifying and advancing potential mineral-rich sites, which can then be sold, joint-ventured, or developed into operational mines. Significant partnerships, such as those with experienced industry players or local stakeholders, can enhance the value of its projects and lead to potential revenue-generating opportunities. Additionally, Irving Resources may raise funds through equity financing to support its exploration and development activities, although this is primarily for capital rather than direct revenue generation.

Irving Resources Financial Statement Overview

Summary

Irving Resources faces significant financial challenges with no revenue and sustained losses impacting overall financial health. While the balance sheet exhibits low leverage and a strong equity position, cash flow constraints and operational inefficiencies pose risks to future stability and growth.

Income Statement

Irving Resources, operating in the mining industry, has shown no revenue or profit generation in both TTM and annual periods, resulting in negative gross profit and net income. The lack of revenue growth and persistently negative EBIT and EBITDA margins highlight significant operational challenges and inefficiencies.

Balance Sheet

The company maintains a strong equity position with a high equity ratio, indicating a low level of leverage. However, the persistent net losses impact the return on equity, which remains negative. The low debt-to-equity ratio suggests limited financial risk from debt, but the lack of profitability is a concern.

Cash Flow

Operating cash flow has shown improvement in the TTM period but remains inconsistent with negative free cash flow across periods. The company’s cash flow ratios indicate challenges in converting operating activities into cash, with heavy capital expenditures impacting free cash flow sustainability.

Breakdown	TTM	Dec 2024	Dec 2024	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	-164.87K	-167.75K	-158.34K	-218.50K	-125.48K	-57.55K
EBITDA	-4.71M	-1.96M	-4.88M	-1.22M	-2.69M	-3.25M
Net Income	-4.89M	-2.20M	-5.05M	-552.18K	-2.78M	-3.35M
Balance Sheet
Total Assets	47.15M	50.16M	46.80M	49.88M	38.39M	27.48M
Cash, Cash Equivalents and Short-Term Investments	2.45M	4.73M	3.09M	10.91M	9.69M	12.99M
Total Debt	135.16K	215.94K	157.47K	233.21K	119.34K	100.11K
Total Liabilities	602.09K	608.94K	958.32K	600.23K	863.65K	1.39M
Stockholders Equity	46.54M	49.55M	45.84M	49.28M	37.53M	26.09M
Cash Flow
Free Cash Flow	-543.17K	-7.58M	-2.34M	-11.15M	-6.68M	-9.98M
Operating Cash Flow	-988.54K	-885.94K	-1.29M	-236.12K	-1.09M	-671.79K
Investing Cash Flow	-1.31M	-6.69M	-1.17M	-10.92M	-5.59M	-9.30M
Financing Cash Flow	1.18M	1.40M	953.63K	11.72M	7.60M	16.36M

Irving Resources Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.23
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:IRV, the sentiment is Positive. The current price of 0.23 is below the 20-day moving average (MA) of 0.24, below the 50-day MA of 0.24, and below the 200-day MA of 0.25, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 56.53 is Neutral, neither overbought nor oversold. The STOCH value of 66.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:IRV.

Irving 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%
IRV	50 Neutral	C$22.09M	-4.18	-10.18%	―	―	-165.27%
IGO	50 Neutral	C$25.84M	-3.75	-102.24%	―	―	-4.78%
RDU	49 Neutral	C$19.09M	-13.41	-88.09%	―	―	21.15%
NBRK	48 Neutral	C$16.76M	122.73	13.19%	―	―	―
PRG	47 Neutral	C$29.98M	-19.83	-30.77%	―	―	-296.61%
SWA	47 Neutral	C$20.84M	-2.30	-3995.40%	―	―	-51.94%

Irving Resources Corporate Events

Irving Resources Extends Yamagano Gold System and Maps New Targets Ahead of 2026 Drilling

Irving Resources has reported encouraging assay results from its deepest diamond drill hole to date at the Yamagano East area of its Yamagano joint venture in Kyushu, where hole 25SY-002A confirmed multiple anomalous gold-bearing intervals and extended the known depth of the epithermal gold system to at least 450 metres below historic workings. The company has also completed a 5.88 km² grid soil sampling program totaling 673 soil and 57 rock samples, which returned high-grade gold and silver values and highlighted several anomalous geochemical trends around and beyond historical mine workings, laying the groundwork for additional drilling planned for 2026 and potentially strengthening Irving’s exploration pipeline and project value for stakeholders.

Irving Resources and JX Metals Advance Omu Project with Promising Discoveries

Irving Resources Inc. has completed the first year of its collaboration with JX Advanced Metals Corporation at the Omu Project in Hokkaido, Japan. The partnership, under a farm-in agreement, allows JX Metals to earn a significant interest in the Omu Sinter Pit and Omuisenbu by investing in exploration. Recent drilling has revealed promising gold and silver deposits, with plans underway to advance these sites as new sources of smelter flux in Japan. This development could enhance Irving’s industry positioning by expanding its resource base and potentially increasing its market influence.

Irving Resources Advances Gold-Silver Exploration in Japan’s Noto Peninsula

Irving Resources has provided an update on its exploration activities in the Noto Peninsula, Japan, where it holds extensive prospecting licenses for gold and silver. Despite initial setbacks due to the Covid pandemic and an earthquake, the company has ramped up its exploration efforts, conducting systematic rock and soil sampling. Notable progress includes the discovery of historical mining sites and promising mineralization in areas such as Shika and Mii, which indicate potential for further exploration and development. This progress strengthens Irving’s position in the region and suggests promising opportunities for stakeholders.

Irving Resources Reports Promising Drilling Results at Omu Gold-Silver Project

Irving Resources Inc. announced successful drilling results from its Omui and Omu Sinter targets at the Omu Gold-Silver project in Hokkaido, Japan. The drilling revealed broad mineralized intercepts at shallow depths, with significant gold and silver grades and high silica content, which is essential for smelter flux. These findings suggest potential for small-scale open pit extraction and position Irving as a prospective source of smelter flux in Japan. The company, along with its partner JX Advanced Metals Corporation, is evaluating the next steps to advance the project.