Kore Mining Ltd (KORE) AI Stock Analysis

• Market Cap: C$12.35M
• Dividend Yield: N/A
• Average Volume (3M): 30.86K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.77
• Revenue Growth: N/A
• EPS Growth: -128.42%
• Country: CA
• Employees: 6
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): >-0.01
• Shares Outstanding: 40,485,268
• 10 Day Avg. Volume: 10,638
• 30 Day Avg. Volume: 30,857
• PEG Ratio: 2.55
• Price to Book (P/B): 1.27K
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -60.17
• 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: 51 Neutral
• Price Target: C$0.29 ▲(4.29% Upside)

The score is held down primarily by weak financial fundamentals (pre-revenue losses, ongoing cash burn, and a sharply weakened 2024 equity position with high leverage). Technicals are supportive due to strong momentum and price strength above moving averages, though overbought signals temper the outlook. Financing momentum from the expanded private placement improves near-term liquidity, but valuation remains constrained by unprofitability and no dividend support.

Positive Factors

Strategic Focus on Gold

Kore Mining's strategic focus on gold exploration and development in North America positions it well to capitalize on long-term demand for gold, providing potential for future revenue growth as projects advance.

Potential Revenue Streams

The company's business model includes diverse revenue streams through partnerships and property sales, which can provide financial support and operational synergies, enhancing long-term project viability.

Expertise in Exploration

Kore Mining's expertise in exploration and development is a competitive advantage, potentially leading to successful project advancement and increased asset value over time.

Negative Factors

Weak Financial Performance

Persistent financial losses and negative cash flow highlight significant challenges, indicating a reliance on external financing and potential liquidity issues, which could hinder long-term sustainability.

High Debt Levels

The increasing debt-to-equity ratio suggests growing financial leverage, which may constrain future financial flexibility and increase the risk profile of the company.

Lack of Revenue

The absence of revenue and negative margins indicate operational challenges, limiting the company's ability to generate cash internally and potentially impacting its ability to sustain operations long-term.

Kore Mining Ltd Business Overview & Revenue Model

Company Description

KORE Mining Ltd. engages in the exploration, development, and evaluation of mineral resource properties. It focuses on two 100% owned gold projects, including the Imperial project that consists of 654 claims covering an area of approximately 31,000 acres located in Imperial County, southeastern California; and the Long Valley gold development project that cover an area of approximately 15,965 acres located in Mono County, east-central California. The company is headquartered in Vancouver, Canada.

How the Company Makes Money

Kore Mining Ltd makes money primarily through the exploration and development of mineral resources, specifically gold. The company's revenue model is centered around increasing the value of its gold projects through successful exploration and development activities. Key revenue streams include the potential sale of mineral properties, joint ventures, or partnerships with other mining companies that may provide funding or operational support in exchange for a stake in the projects. Additionally, as projects advance and reach production stages, the company may generate revenue through the sale of extracted gold. Significant factors contributing to its earnings include the successful exploration results, favorable gold market conditions, and strategic partnerships or agreements with other industry players that can provide both financial and operational support.

Kore Mining Ltd Financial Statement Overview

Summary

Kore Mining Ltd faces significant financial challenges, with consistent losses and a weak balance sheet. The absence of revenue and negative cash flow from operations underscore the company's reliance on external financing. The overall financial condition suggests high risk and potential liquidity issues.

Income Statement

Kore Mining Ltd has no revenue, and its financials reflect significant negative margins across all metrics. The company reported substantial negative EBIT and net income, indicating persistent losses. The lack of revenue growth and continued negative profit margins highlight financial challenges.

Balance Sheet

The balance sheet shows a heavy reliance on equity financing, with a relatively high debt-to-equity ratio increasing over time. The company's equity ratio is declining, indicating a shrinking asset base relative to equity. The financial position shows vulnerabilities with increasing liabilities and decreasing equity.

Cash Flow

Kore Mining Ltd has struggled with negative operating cash flow and free cash flow, pointing to cash deficiencies in core operations. The free cash flow has slightly improved but remains negative, and the company relies heavily on financing activities to cover its cash needs.

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	-20.78K	-37.11K	-105.00K	-192.00K	-126.00K	-20.29K
EBITDA	-1.59M	-1.47M	-1.44M	-4.00M	447.51K	-9.17M
Net Income	-1.66M	-1.55M	-1.56M	-4.22M	295.37K	-9.20M
Balance Sheet
Total Assets	2.05M	2.33M	2.13M	3.32M	6.21M	8.38M
Cash, Cash Equivalents and Short-Term Investments	507.00	4.74K	22.21K	743.34K	3.59M	4.91M
Total Debt	359.70K	363.31K	314.37K	78.34K	215.66K	106.15K
Total Liabilities	2.67M	2.33M	841.41K	751.19K	961.35K	1.44M
Stockholders Equity	-615.19K	3.99K	1.29M	2.57M	5.25M	6.94M
Cash Flow
Free Cash Flow	25.56K	-84.03K	-1.01M	-3.49M	-8.37M	-10.28M
Operating Cash Flow	25.56K	-84.03K	-1.01M	-3.49M	-8.26M	-8.62M
Investing Cash Flow	0.00	0.00	0.00	0.00	-229.00K	-1.66M
Financing Cash Flow	38.45K	79.98K	216.55K	616.50K	7.18M	11.96M

Kore Mining Ltd Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.28
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:KORE, the sentiment is Positive. The current price of 0.28 is above the 20-day moving average (MA) of 0.25, above the 50-day MA of 0.20, and above the 200-day MA of 0.18, indicating a bullish trend. The MACD of 0.03 indicates Negative momentum. The RSI at 66.35 is Neutral, neither overbought nor oversold. The STOCH value of 86.21 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:KORE.

Kore 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%
FNX	52 Neutral	C$8.62M	-16.44	-80.25%	―	―	17.98%
KORE	51 Neutral	C$12.35M	-7.03	-7091.27%	―	―	-128.42%
VVC	45 Neutral	C$8.59M	-4.41	-5.85%	―	-1.81%	52.11%
FNAU	43 Neutral	C$8.88M	-20.00	-66.97%	―	―	-47.97%
PGC	40 Underperform	C$6.92M	-4.62	-341.20%	―	―	-364.29%

Kore Mining Ltd Corporate Events

Kore Mining Expands Private Placement Amid Strong Demand

Kore Mining Ltd. has successfully closed the first tranche of its non-brokered private placement, raising $3 million through the issuance of 25 million units. Due to strong demand, the company has increased the offering size and plans to close a second tranche, which could result in a new control person, Mr. James Hynes, holding a significant share of the company. The proceeds will be used for permitting, exploration, and general corporate purposes, with the offering subject to regulatory approvals.

KORE Mining Announces Private Placement and Board Resignation

KORE Mining Ltd. has announced a non-brokered private placement aiming to raise up to C$4 million through the issuance of 33,333,333 units at C$0.12 per unit. The proceeds will be used to advance permitting and exploration of its development properties in California and for general corporate purposes. Additionally, the company announced the resignation of Mr. Jay Sujir from the Board of Directors, who will continue to serve in an advisory role.