Mason Graphite (LLG) AI Stock Analysis

• Market Cap: C$16.93M
• Dividend Yield: N/A
• Average Volume (3M): 390.13K
• Price to Earnings (P/E): 0.8
• Beta (1Y): 0.65
• 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: 0.00
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• 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 and provides structural flexibility for a development-stage miner. Over the medium term this strengthens the company’s ability to pursue permitting and engineering work without immediate debt servicing constraints, aiding project optionality.

Strategic investee offtake/supply agreements

An investee securing offtake/supply agreements can increase visibility into future graphite production and strengthen the value of Mason’s stake. Structurally this may improve asset backing and potential downstream market access if the investee executes, benefiting Mason over months to years.

Improving free cash flow trend

A material improvement in free cash flow trend indicates progress toward reducing cash burn, which is a durable positive if sustained. Over a 2–6 month horizon, continued improvement would lower financing needs and support more disciplined capital allocation during project development.

Negative Factors

No operating revenue

Lack of operating revenue is a fundamental constraint for a development-stage miner: without sales the firm cannot self-fund operations or demonstrate commercial validation. This structural gap increases reliance on external financing and materially raises execution risk until production starts.

Persistent operating cash burn

Consistent negative operating cash flow indicates ongoing cash burn and dependence on financing or asset disposals to fund development. Over the medium term this erodes flexibility, risks dilution from equity raises, and can delay project timelines if funding terms tighten or costs rise.

Volatile earnings and declining equity

Sharp swings in net income and declining equity point to earnings driven by non-operating items and capital erosion. Structurally this reduces predictability for investors and lenders, weakens the balance sheet cushion for development financing, and increases the likelihood of future recapitalizations.

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

Mason Graphite shows financial stability with a strong equity position and no debt. However, the absence of revenue and negative cash flows are significant concerns, reflecting operational inefficiencies and potential sustainability risks.

Income Statement

Mason Graphite has no revenue over the periods reported, which is concerning for a mining company. The company is generating net income, likely from non-operational sources, given the negative EBIT and EBITDA. This suggests reliance on external factors rather than operational efficiency.

Balance Sheet

The balance sheet reflects a strong equity position with no debt, which indicates financial stability. The equity ratio is high, showing a company heavily financed by equity. However, the lack of revenue raises concerns about future sustainability in the absence of operational income.

Cash Flow

Cash flow statements show negative operating cash flow and free cash flow, indicating operational difficulties. Despite this, the company manages its capital expenditures conservatively. The lack of revenue and negative free cash flow growth rate are significant concerns.

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: Positive
• Last Price: 0.09
• 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:LLG, the sentiment is Positive. The current price of 0.09 is below the 20-day moving average (MA) of 0.09, below the 50-day MA of 0.10, and above the 200-day MA of 0.08, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 56.41 is Neutral, neither overbought nor oversold. The STOCH value of 116.67 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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	61 Neutral	C$7.37M	2.51	67.36%	―	―	―
MKR	54 Neutral	C$6.29M	-3.94	―	―	―	36.17%
LLG	50 Neutral	C$16.93M	0.84	45.75%	―	―	158.45%
NGC	45 Neutral	C$52.32M	-1.36	―	―	2.76%	-1.06%
ABZ	32 Underperform	C$4.22M	-18.09	―	―	―	37.33%

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.

Nouveau Monde Graphite Secures Strategic Agreements to Lead in Energy Transition

Nouveau Monde Graphite Inc. (NMG), a company in which Mason Resources Inc. holds significant shares, announced transformative agreements that position it as a leader in the global energy transition and Canada’s critical minerals strategy. These agreements include an updated offtake and marketing agreement with Traxys for the North American and European refractory markets, binding supply agreements with the Canadian government, and a revised agreement with Panasonic Energy to advance anode material production. These developments are expected to enhance NMG’s market positioning and secure 100% of its future production capacity, thereby increasing the value of Mason’s investment and reinforcing NMG’s role in North America’s clean-energy supply chain.