Mason Graphite (LLG) AI Stock Analysis

• Market Cap: C$15.24M
• Dividend Yield: N/A
• Average Volume (3M): 390.13K
• Price to Earnings (P/E): 0.8
• Beta (1Y): 0.83
• Revenue Growth: N/A
• EPS Growth: 158.45%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): N/A
• Shares Outstanding: 169,292,590
• 10 Day Avg. Volume: 689,063
• 30 Day Avg. Volume: 390,129
• PEG Ratio: 0.01
• Price to Book (P/B): 0.27
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -8.08
• 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$0.10 ▲(11.11% Upside)

The score is held back primarily by weak operating fundamentals (no revenue, operating losses, and persistent cash burn) despite the benefit of a debt-free balance sheet. Technicals are also subdued with the stock trading below key moving averages and negative MACD. A very low P/E and a positive strategic update related to a significant investment provide partial support but do not offset the core cash-flow and profitability concerns.

Positive Factors

Debt-free balance sheet

Zero reported debt materially lowers financial risk for a capital-intensive development company. This structural strength improves flexibility to fund Lac Guéret via equity, joint ventures, or project finance, and reduces cash drain from interest, supporting longer-term project optionality.

Investee strategic offtake support

A strategic offtake at a related investee can increase downstream demand visibility and potentially uplift asset value for Mason’s stake. This structural development could improve future cash realization and partner interest, indirectly enhancing project de‑risking over the medium term.

Improving free cash flow trend

A material improvement in free cash flow trend signals management progress in narrowing cash burn and advancing development milestones. While still negative, a sustained improvement trajectory reduces financing pressure and increases odds of reaching self‑funding or attracting project partners.

Negative Factors

No revenue base

Operating with no revenue leaves the company reliant on external capital to fund exploration and development. This structural lack of operating cash generation elevates dilution and execution risk, limiting the firm’s ability to self‑fund project construction or absorb delays without new financing.

Persistent cash burn

Consistent negative operating and free cash flows indicate ongoing cash consumption from development activities. Over months this forces continued fundraising, increases dilution risk, and can constrain ability to meet permitting or engineering milestones, slowing project advancement if trends persist.

Earnings and return volatility

Large swings in reported net income and returns suggest results are driven by non‑operating items rather than stable operations. This volatility undermines predictability of future cash flows and complicates budgeting, capital planning, and investor confidence during the multi‑year development cycle.

Mason Graphite Business Overview & Revenue Model

Company Description

Mason Resources, Inc. is a mining and mineral company, which engages in the exploration and development of graphite deposits. It holds interests in Lac Gueret graphite property located in northeastern Quebec. The company was founded on March 15, 2011 and is headquartered in Laval Canada.

How the Company Makes Money

Mason Graphite primarily makes money through the extraction and sale of graphite from its Lac Guéret project. Revenue is generated by mining high-grade graphite deposits, which are then processed and sold to various industries that utilize graphite for its conductive and heat-resistant properties. The company's key revenue streams include sales to manufacturers of batteries, particularly for electric vehicles, and other industrial clients that use graphite in lubricants, refractories, and composite materials. Additionally, Mason Graphite may engage in strategic partnerships or joint ventures to enhance its production capabilities and market reach, thus potentially increasing its revenue.

Mason Graphite Financial Statement Overview

Summary

Balance sheet is a clear strength with zero debt, lowering financial risk. However, operating fundamentals are weak: no reported revenue, negative EBIT/EBITDA, and consistently negative operating/free cash flow. Net income has been volatile (profits in 2023–2024 followed by a sizable loss in 2025), suggesting limited earnings durability despite recent periods of profitability.

Income Statement

The company reports no revenue across the annual periods provided, and operating profitability remains weak with consistently negative EBIT/EBITDA. Net income is highly volatile—showing profits in 2023 and 2024 but reverting to a sizable loss in 2025—suggesting results are driven by non-operating items rather than a durable earnings base. Overall, profitability quality and consistency are key weaknesses, partially offset by the recent (but unstable) swing to positive net income before the latest downturn.

Balance Sheet

Balance sheet leverage appears conservative with total debt at zero and a debt-to-equity ratio of 0.0 across all years, which lowers financial risk. Equity remains sizable, but it has trended down from 2024 to 2025, and returns on equity swing sharply from positive (2023–2024) to negative (2025), reflecting earnings instability. Overall, the capital structure is a clear strength, while declining equity and volatile returns are the main concerns.

Cash Flow

Cash generation is a persistent issue: operating cash flow is negative every year shown, and free cash flow is also consistently negative, implying ongoing cash burn. While free cash flow improved materially versus the prior year in 2025 (positive growth), it remains below zero, and the business has not demonstrated sustained self-funding capacity. The key strength is the recent improvement in free cash flow trend, but the primary weakness is continued negative operating and free cash flow.

Breakdown	TTM	Dec 2025	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	-163.00K	-448.00K	-1.66M
EBITDA	-133.17K	-4.94M	-747.00K	-2.85M	-4.44M	-6.79M
Net Income	-4.94M	-4.94M	10.24M	3.43M	-6.10M	-6.54M
Balance Sheet
Total Assets	34.63M	34.63M	38.04M	26.91M	26.44M	26.51M
Cash, Cash Equivalents and Short-Term Investments	3.60M	3.60M	5.49M	7.58M	7.32M	20.13M
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00
Total Liabilities	237.46K	237.46K	110.90K	308.87K	277.13K	1.62M
Stockholders Equity	34.39M	34.39M	37.93M	26.60M	20.47M	24.89M
Cash Flow
Free Cash Flow	-1.14M	-1.14M	-2.49M	-2.55M	-11.66M	-6.37M
Operating Cash Flow	-1.14M	-1.14M	-2.31M	-2.55M	-5.12M	-4.91M
Investing Cash Flow	-2.15M	-2.15M	224.89K	-3.79M	-6.54M	-1.63M
Financing Cash Flow	1.40M	1.40M	0.00	2.49M	2.98M	29.90K

Mason Graphite Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.09
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:LLG, the sentiment is Negative. The current price of 0.09 is below the 20-day moving average (MA) of 0.10, below the 50-day MA of 0.10, and above the 200-day MA of 0.09, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 37.37 is Neutral, neither overbought nor oversold. The STOCH value of 21.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:LLG.

Mason Graphite 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%
XTM	60 Neutral	C$6.55M	2.33	67.36%	―	―	―
MKR	54 Neutral	C$6.29M	-3.36	―	―	―	36.17%
LLG	50 Neutral	C$15.24M	0.80	45.75%	―	―	158.45%
ABZ	49 Neutral	C$6.46M	-28.26	―	―	―	37.33%
NGC	45 Neutral	C$39.79M	-1.13	―	―	2.76%	-1.06%

Mason Graphite Corporate Events

Mason Resources Announces New Board Members and Strategic Corporate Changes

Mason Resources Inc. announced key outcomes from its Annual General Meeting, which include the re-election of several directors and the addition of Victor Cantore and Simon Marcotte to the board, both of whom bring extensive expertise in resources and mining. Shareholders also approved changes such as renaming the company and relocating its registered office, signaling a strategic shift in its operations and positioning within the industry.