Turmalina Metals Corp (KCP) AI Stock Analysis

• Market Cap: C$351.21M
• Dividend Yield: N/A
• Average Volume (3M): 801.04K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.64
• Revenue Growth: N/A
• EPS Growth: -20.12%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Other Precious Metals
• EPS (TTM): -0.01
• Shares Outstanding: 283,237,760
• 10 Day Avg. Volume: 472,577
• 30 Day Avg. Volume: 801,037
• PEG Ratio: 0.04
• Price to Book (P/B): -3.68
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -2.39
• 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: 52 Neutral
• Price Target: C$1.50 ▲(72.41% Upside)

The score is constrained primarily by weak fundamentals (no revenue, recurring losses, negative free cash flow, and negative equity), partially offset by strong technical uptrend and positive momentum. Valuation metrics provide limited support due to negative earnings and no dividend.

Positive Factors

Low leverage / No debt

No debt materially reduces solvency and interest expense risk, improving financial flexibility over the coming months. For a company with negative cash flow, the lack of leverage lowers near-term default risk and preserves optionality to raise equity or partner capital on better terms.

Improving cash burn

Substantial reduction in cash outflows shows management has cut spending or improved efficiency, extending runway absent new financing. This trend is a durable operational improvement that reduces near-term financing pressure and supports survival while strategic options are pursued.

Narrowing operating losses

Steady improvement in EBIT over multiple years suggests the business is making structural progress controlling costs or optimizing operations. If sustained, this reduces required future funding and increases the probability of reaching cash-flow breakeven within a medium-term horizon.

Negative Factors

No revenue base

Absence of revenue is a fundamental constraint: there is no operating cash generation or margin expansion to finance growth. Over 2–6 months this limits strategic options, increases dependency on external capital, and makes long-term viability contingent on successful project commercialization or funding.

Negative shareholders' equity

Negative equity reflects accumulated losses that have eroded the capital base, a structural weakness that can impair access to debt markets and raise going-concern questions. Over the medium term this limits financial flexibility and increases reliance on dilutive equity financings.

Persistent negative cash generation

Continued negative operating and free cash flow means the company must secure new capital to sustain operations. This creates durable dilution or refinancing risk and constrains strategic investments, handicapping the firm's ability to scale or respond to opportunities without external funding.

Turmalina Metals Corp Business Overview & Revenue Model

Company Description

King Copper Discovery Corp. engages in the acquisition and exploration of resource properties in Peru and Argentina. It explores for copper, gold, and silver deposits. The company holds an option agreement to acquire 100% interest in certain claims comprising the Colquemayo project located in Peru. It also holds interests in the San Francisco project, which comprises the Don David project and the Santa Barbara project located in Argentina. The company was formerly known as Turmalina Metals Corp. and changed its name to King Copper Discovery Corp. in March 2025. King Copper Discovery Corp. was incorporated in 2017 and is headquartered in Vancouver, Canada.

How the Company Makes Money

Turmalina Metals Corp generates revenue through the exploration and development of mineral properties, which may lead to the discovery and extraction of economically viable mineral deposits. The company typically raises funds through equity financing to support its exploration activities. Once viable mineral deposits are identified, Turmalina Metals can enter into joint ventures, sell its interests in projects, or progress towards production, thereby generating revenue. Strategic partnerships and collaborations with larger mining companies can also provide funding and technical expertise, significantly contributing to the company's earnings potential.

Turmalina Metals Corp Financial Statement Overview

Summary

Financials remain very weak: no revenue, ongoing losses, and consistently negative operating/free cash flow. Positives include narrowing losses and improved cash burn in 2024 plus no debt, but the shift to negative equity in 2024 is a major balance-sheet risk.

Income Statement

The company reports no revenue across the period provided, and profitability remains deeply negative each year. Losses have narrowed versus earlier years (EBIT improved from -8.1M in 2020 to -3.1M in 2024), but net income is still materially negative in 2024 (-5.2M). With no sales base, margins are not meaningful, and the income statement profile is still defined by ongoing operating spend without operating leverage.

Balance Sheet

A key positive is the absence of debt, which reduces near-term solvency risk. However, financial flexibility has deteriorated sharply: shareholders’ equity moved from positive levels in prior years to negative in 2024 (-1.26M), alongside a much smaller asset base (total assets fell to ~0.31M in 2024 from ~1.92M in 2023). Negative equity is a material weakness and signals accumulated losses have eroded the capital base despite low leverage.

Cash Flow

Cash generation remains negative, with operating cash flow and free cash flow consistently below zero. The burn rate improved meaningfully in 2024 (operating cash flow -1.48M vs. -4.34M in 2023; free cash flow -1.94M vs. -4.68M), which is a clear near-term positive. Still, cash outflows persist and the business is not yet self-funding, implying ongoing reliance on external financing if spending continues.

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	0.00	0.00	0.00	0.00	0.00	0.00
EBITDA	-5.32M	-3.09M	-4.76M	-4.10M	-6.20M	-8.47M
Net Income	-5.30M	-5.25M	-5.48M	-4.06M	-6.17M	-8.47M
Balance Sheet
Total Assets	16.64M	311.74K	1.92M	2.40M	5.69M	11.02M
Cash, Cash Equivalents and Short-Term Investments	16.00M	28.95K	22.17K	20.66K	4.01M	10.01M
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00
Total Liabilities	670.68K	1.58M	528.02K	502.85K	114.69K	202.62K
Stockholders Equity	15.97M	-1.26M	1.39M	1.90M	5.57M	10.82M
Cash Flow
Free Cash Flow	-3.46M	-1.94M	-4.68M	-3.99M	-6.30M	-6.93M
Operating Cash Flow	-3.38M	-1.48M	-4.34M	-3.24M	-5.43M	-6.47M
Investing Cash Flow	-83.02K	-467.34K	-336.95K	-745.42K	-868.15K	-461.75K
Financing Cash Flow	19.44M	1.95M	4.68M	0.00	300.00K	11.57M

Turmalina Metals Corp Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.87
• 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:KCP, the sentiment is Positive. The current price of 0.87 is below the 20-day moving average (MA) of 1.16, below the 50-day MA of 0.92, and above the 200-day MA of 0.50, indicating a bullish trend. The MACD of 0.13 indicates Negative momentum. The RSI at 57.17 is Neutral, neither overbought nor oversold. The STOCH value of 68.46 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:KCP.

Turmalina Metals Corp 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%
SM	61 Neutral	C$342.78M	410.34	2.04%	―	694.29%	―
SSV	58 Neutral	C$333.05M	-32.50	-19.63%	―	―	-34.83%
KDK	53 Neutral	C$102.18M	-66.03	-6.90%	―	―	-46.78%
CGNT	53 Neutral	C$94.52M	-3.20	-369.28%	―	―	34.55%
KCP	52 Neutral	C$351.21M	-19.97	-92.85%	―	―	-20.12%
CAPT	46 Neutral	C$259.62M	-134.19	-6.80%	―	―	14.37%

Turmalina Metals Corp Corporate Events

King Copper Discovery Raises $15 Million in Private Placement for South American Copper Projects

King Copper Discovery Corp. has closed a non-brokered private placement of 25 million units at C$0.60 per unit, each comprising one common share and one warrant exercisable at C$0.98 for two years, raising gross proceeds of C$15 million. A small portion of the financing was subscribed by insiders, categorized as related-party transactions but exempt from formal valuation and minority approval requirements under Canadian securities rules. The net proceeds will be directed to general working capital and to advancing the company’s assessment and evaluation of multiple copper exploration and development prospects across South America, bolstering its funding base as it seeks to progress its regional project pipeline.

The most recent analyst rating on (TSE:KCP) stock is a Hold with a C$1.00 price target. To see the full list of analyst forecasts on Turmalina Metals Corp stock, see the TSE:KCP Stock Forecast page.

King Copper Discovery Launches $15 Million Private Placement for South American Copper Projects

King Copper Discovery Corp. has announced a non-brokered private placement of 25 million units at $0.60 per unit to raise up to $15 million, with each unit comprising one common share and a two-year warrant exercisable at $0.98. The financing, expected to close on January 15, 2026 subject to TSX Venture Exchange approval, will fund general working capital and ongoing assessment and evaluation of multiple copper exploration and development opportunities across South America, underscoring the company’s efforts to advance its regional project pipeline and secure capital for future exploration activities.

The most recent analyst rating on (TSE:KCP) stock is a Hold with a C$0.90 price target. To see the full list of analyst forecasts on Turmalina Metals Corp stock, see the TSE:KCP Stock Forecast page.

King Copper Discovery Plans $15 Million Private Placement for South American Copper Projects

King Copper Discovery Corp. has announced a proposed non-brokered private placement of 25 million units at $0.60 per unit, for gross proceeds of up to $15 million, with each unit comprising one common share and a two-year warrant exercisable at $0.98. The financing, expected to close on January 15, 2026 subject to TSX Venture Exchange approval, will support general working capital and ongoing assessment and evaluation of multiple copper exploration and development projects in South America, reinforcing the company’s efforts to advance its regional portfolio in a capital-intensive exploration environment.

The most recent analyst rating on (TSE:KCP) stock is a Hold with a C$0.90 price target. To see the full list of analyst forecasts on Turmalina Metals Corp stock, see the TSE:KCP Stock Forecast page.