TomaGold (LOT) AI Stock Analysis

• Market Cap: C$29.62M
• Dividend Yield: N/A
• Average Volume (3M): 498.51K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.52
• Revenue Growth: N/A
• EPS Growth: 79.88%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): N/A
• Shares Outstanding: 296,159,270
• 10 Day Avg. Volume: 1,016,511
• 30 Day Avg. Volume: 498,510
• PEG Ratio: -25.65
• Price to Book (P/B): -36.26
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -16.32
• 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: 44 Neutral
• Price Target: C$0.10 ▲(61.67% Upside)

The score is primarily constrained by very weak financial performance (no revenue, ongoing losses, heavy cash burn, and negative equity with rising debt). Technicals provide some support due to strong trend and positive MACD, but extremely overbought RSI/Stoch reduce confidence. Valuation remains unattractive/unclear given a loss-driven negative P/E and no dividend yield.

Positive Factors

Focused Québec exploration footprint

A concentrated operational focus in Québec allows the company to concentrate technical teams, regulatory engagement, and claim management on a single jurisdiction. This can improve project execution consistency, reduce overhead from dispersed operations, and make partnership or JV discussions more straightforward over the medium term.

Moderate tangible asset base

Having a measurable asset base provides tangible optionality versus a pure burn-only profile: assets can be used as collateral, contributed to joint ventures, or monetized through property sales or royalties. This preserves strategic choices and bargaining power when raising capital or structuring partnerships.

Exploration-stage monetization pathways

The firm’s stage and business model offer multiple durable funding and value-creation routes—equity raises, option/JV deals, and asset monetizations. These structural pathways can finance exploration without immediate production, enabling project advancement while sharing risk with partners over the next several months.

Negative Factors

No revenue and recurring losses

Absence of operating revenue alongside repeated net losses means the company cannot self-fund exploration. Reliance on external financing increases dilution risk and creates execution uncertainty; persistent losses also make restoring profitability and investor confidence more challenging over the medium term.

Negative equity and rising debt

Negative equity reflects cumulative losses that weaken the capital structure, while rising debt reduces financial flexibility. This combination constrains options for financing, weakens negotiating leverage with partners, and elevates refinancing or solvency risks during periods when capital markets are less receptive.

Consistent operating cash burn

Sustained negative operating and free cash flow forces repeated external funding needs, which can dilute shareholders and limit the company’s ability to advance programs on its preferred timelines. Persistent cash burn also reduces resilience to project setbacks and lengthens the path to self-sustaining operations.

TomaGold Business Overview & Revenue Model

Company Description

TomaGold Corporation, together with its subsidiaries, engages in the acquisition, assessment, exploration, and development of gold mineral properties in Canada. The company holds interests in the Monster Lake East property, which contains 105 mining titles covering an area of 5,867 hectares; Hazeur property that consists of 61 mineral claims covering an area of 2,863 hectares; Obalski property that comprises 22 claims and 1 mining concession covering an area of 328 hectares; Hazeur 2 property, which includes 6 claims and 1 mining concession covering an area of 112.45 hectares; Monster Lake West property that comprises 21 claims and 1 mining concession covering an area of 1,172 hectares; and Lac Doda property that consists of 80 claims covering an area of 4,477 hectares in Quebec. It also holds a 24.5% interest in the Baird property that consists of 2 claims and 1 mining concession covering an area of 90 hectares located near the Red Lake mining camp in Ontario. The company was formerly known as Carbon2Green Corporation and changed its name to TomaGold Corporation in January 2012. TomaGold Corporation is based in Montreal, Canada.

How the Company Makes Money

TomaGold makes money through the discovery and development of mineral resources, primarily gold, which can be sold or partnered with larger mining companies for development. The company's revenue model includes selling stakes in its mining projects, entering into joint ventures, and obtaining royalties from developed properties. Additionally, TomaGold may raise capital through equity financing to fund its exploration activities and expand its portfolio. Strategic partnerships with other mining entities also play a significant role in enhancing its revenue potential by sharing costs and resources for project development.

TomaGold Financial Statement Overview

Summary

Fundamentals are very weak: no revenue reported, recurring net losses (including TTM), persistent operating/FCF cash burn, and a deterioration to negative equity with rising debt—indicating constrained financial flexibility and reliance on external funding.

Income Statement

Performance is weak and volatile. The company reports no revenue across the periods provided, with consistently negative gross profit and large operating losses in most years. TTM (Trailing-Twelve-Months) shows a sizeable net loss (about -$1.1M), and while FY2021 posted positive EBIT and net income, results reverted to losses in FY2022–FY2024 and remain loss-making on a TTM basis—highlighting a lack of sustainable profitability.

Balance Sheet

Balance sheet quality is pressured by negative equity in the most recent periods, which signals accumulated losses and weak capital structure. Total debt has risen versus earlier years (TTM debt ~+$629K vs. ~$25K in FY2022–FY2023), while equity moved from strongly positive in FY2021–FY2022 to negative in FY2024–TTM. With negative equity, leverage measures become less informative, but overall financial flexibility appears constrained despite a moderate absolute asset base (TTM assets ~+$910K).

Cash Flow

Cash generation is consistently negative. Operating cash flow and free cash flow are meaningfully cash-burning across all periods shown, including TTM (operating cash flow ~-$1.55M; free cash flow ~-$1.55M). Free cash flow growth is highly erratic (including an outsized increase in TTM), but it is improving from a negative base rather than turning positive—leaving ongoing funding needs as the key risk.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00
Gross Profit	-992.00	-992.00	-1.51K	-2.54K	-2.54K
EBITDA	-124.46K	-1.38M	-3.29M	-3.08M	2.35M
Net Income	2.63K	-1.43M	-3.06M	-2.35M	2.33M
Balance Sheet
Total Assets	454.37K	85.71K	688.91K	8.08M	10.98M
Cash, Cash Equivalents and Short-Term Investments	159.68K	22.42K	547.79K	1.30M	6.00M
Total Debt	223.69K	140.19K	25.36K	25.36K	1.18M
Total Liabilities	640.15K	1.23M	622.67K	556.09K	1.49M
Stockholders Equity	-185.78K	-1.15M	66.25K	7.52M	9.49M
Cash Flow
Free Cash Flow	-412.77K	-596.83K	-1.34M	-930.72K	-1.43M
Operating Cash Flow	-412.77K	-596.83K	-1.34M	-929.72K	-1.42M
Investing Cash Flow	0.00	363.36K	527.15K	2.09M	-795.88K
Financing Cash Flow	550.03K	113.50K	904.42K	-1.16K	2.21M

TomaGold 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%
NFLD	48 Neutral	C$12.95M	-3.26	-15.47%	―	―	―
PA	47 Neutral	C$15.20M	-4.90	―	―	―	-315.88%
FFF	46 Neutral	C$14.73M	-7.40	―	―	―	-190.68%
LOT	44 Neutral	C$29.62M	-21.74	―	―	―	79.88%
SPX	44 Neutral	C$7.47M	-3.59	-68.30%	―	―	51.22%
GAL	44 Neutral	C$75.09M	-4.90	-77.05%	―	―	28.18%

TomaGold Corporate Events

TomaGold Uncovers Major New Deep Sulfide Zone at Berrigan Mine

TomaGold has reported a major new deep semi-massive sulfide discovery at its Berrigan Mine project in Québec, with drill hole TOM-25-015 intersecting 5.75% zinc-equivalent over 98.5 metres at a depth greater than 450 metres, including several higher-grade sub-intervals. The company has designated this newly identified zone as “Berrigan Deep,” noting that it remains open at depth and may connect to historical mineralized intersections up to 1 km east, suggesting a potentially large mineralized system. A second drill hole, TOM-25-014, also extended the known mineralized vein system westward, reinforcing the broader structural and geological continuity of the deposit. TomaGold plans to launch a follow-up drilling program once outstanding assay and borehole electromagnetic survey results are received in early February, aiming to better define the extent of Berrigan Deep and refine its exploration strategy in the Chibougamau mining camp.

The most recent analyst rating on (TSE:LOT) stock is a Hold with a C$0.09 price target. To see the full list of analyst forecasts on TomaGold stock, see the TSE:LOT Stock Forecast page.

TomaGold Ramps Up Investor Marketing as Key Berrigan Drill Results Near

TomaGold has signed a 12‑month, $62,000 advertising and investor awareness agreement with Investing News Network to boost its market visibility as it enters a more active exploration phase in the Chibougamau mining camp. The company expects imminent results from a borehole electromagnetic survey and assays from the final five drill holes at its Berrigan Mine project, work that targets lateral and depth extensions of a known polymetallic mineralized envelope and could influence how investors view the potential scale and value of its flagship Quebec assets.

The most recent analyst rating on (TSE:LOT) stock is a Hold with a C$0.06 price target. To see the full list of analyst forecasts on TomaGold stock, see the TSE:LOT Stock Forecast page.

TomaGold Advances Chibougamau Expansion with Option Milestones and Amended Deal

TomaGold has completed all acquisition commitments for the first two years of its option agreement with Chibougamau Independent Mines, advancing its bid to acquire a 100% interest in several properties in the Chibougamau mining camp, including the Berrigan Mine, and has received final approval for the transaction from the TSX Venture Exchange. The company has also amended its option agreement with Globex Mining Enterprises for the Gwillim group of claims by extending a key exploration spending deadline by one year, while correcting a previously disclosed figure for stock options granted, moves that collectively strengthen its position in a strategically important Quebec mining district and provide greater flexibility in meeting exploration obligations.

The most recent analyst rating on (TSE:LOT) stock is a Hold with a C$0.05 price target. To see the full list of analyst forecasts on TomaGold stock, see the TSE:LOT Stock Forecast page.

TomaGold Boosts Exploration War Chest with Oversubscribed Financing and New Stock Option Grant

TomaGold Corporation has closed an oversubscribed non-brokered flow-through private placement for gross proceeds of about $348,000 through the issuance of more than 5.3 million flow-through shares, with the funds earmarked for eligible Canadian critical mineral exploration expenditures; in connection with the financing, the company paid cash finder’s fees, issued finder’s warrants, and remains subject to final TSX Venture Exchange approval. The company also plans a new non-brokered private placement of up to $150,000 to fund general corporate and working capital needs, and has granted 9.75 million stock options to directors, officers and consultants at $0.065 per share for five years, moves that collectively bolster its exploration budget, liquidity and equity-based incentives as it advances its portfolio of precious and base metal projects.

The most recent analyst rating on (TSE:LOT) stock is a Hold with a C$0.05 price target. To see the full list of analyst forecasts on TomaGold stock, see the TSE:LOT Stock Forecast page.

TomaGold Plans $250,000 Flow-Through Private Placement for Exploration Work

TomaGold Corporation has announced plans for a non-brokered private placement of up to 3,846,154 flow-through common shares at $0.065 per share, for potential gross proceeds of up to $250,000, subject to TSX Venture Exchange approval. The funds will be directed toward eligible Canadian exploration expenses that qualify as flow-through critical mineral mining expenditures, reinforcing the company’s exploration programs in its gold, copper and critical minerals portfolio, while the securities will be subject to a standard four-month-plus-one-day hold period under Canadian securities regulations.

TomaGold Unveils High-Grade Polymetallic Intercepts and Major Hydrothermal Footprint at Berrigan Mine

TomaGold reported strong initial drill results from its Berrigan Mine project in Québec, with hole TOM-25-009 returning 6.68% ZnEq over 48.05 metres, including a very high-grade interval of 39.03% ZnEq over 2.90 metres, and a second mineralized zone grading 5.44% ZnEq over 15.20 metres. A second hole, TOM-25-010, intersected 2.67% ZnEq over 48.30 metres, while five additional holes testing lateral and depth extensions are still pending assays. The company also identified a significant hydrothermal footprint above the main mineralized zones, expanding the interpreted mineralized envelope and offering clearer guidance for further drilling. Ongoing borehole EM work, integration of geophysical and assay data, and an upcoming field program are expected to refine targets and support a second-phase drill campaign, highlighting the growing exploration potential and scale of the Berrigan polymetallic system for stakeholders.

TomaGold Receives $1 Million Final Payment and Retains Royalty on Sold Quebec Properties

TomaGold Corporation has received a final cash payment of $1,000,000 from IAMGOLD Corporation related to the previously announced sale of its Hazeur, Monster Lake East and Monster Lake West properties, originally optioned to Northern Superior Resources before IAMGOLD’s acquisition of that company. The non-dilutive funds will be used to advance and expand TomaGold’s exploration programs across its Chibougamau projects in 2026, while the company retains a 2.0% net smelter returns royalty on all mineral production from the sold properties, with IAMGOLD holding an option to buy back half of that royalty for $1,000,000, providing TomaGold with ongoing exposure to potential upside from future production and a strengthened financial position for stakeholders.

TomaGold Completes Final Tranche of Private Placement, Raising $2.1M

TomaGold Corporation announced the completion of the final tranche of its non-brokered private placement, raising $2.112 million in aggregate proceeds. The funds will primarily support exploration activities qualifying as flow-through critical mineral mining expenditures as well as general corporate operations, positioning the company to strengthen its financial base and support expansion in mineral exploration projects.

TomaGold Amends Agreement with SOQUEM to Extend Work Commitments

TomaGold Corporation has amended its mineral property option agreement with SOQUEM Inc. concerning several properties, extending work commitment deadlines by approximately one year. This amendment provides TomaGold with increased financial flexibility and allows for better planning of exploration activities, pending approval from the TSX Venture Exchange.

TomaGold Closes First Tranche of Private Placement and Engages Market Awareness Program

TomaGold Corporation has successfully closed the first tranche of its non-brokered private placement, raising $1,105,000 through the issuance of common shares and units. The funds will be used for general corporate purposes and exploration expenses. Additionally, TomaGold has engaged OTCWagon for a 38-day market awareness program to enhance its visibility. The private placement is still subject to final approval by the TSXV Venture Exchange.

TomaGold Advances Exploration and Secures Property Interests Amid Financial Fraud Incident

TomaGold Corporation has successfully completed its initial two-year commitments under its option agreements with SOQUEM, securing a 100% interest in several properties, marking progress in its Chibougamau project portfolio. The company is advancing its exploration efforts with pending assay results and a winter drilling program, while also consolidating its land package with new claims. Despite being a victim of a financial fraud incident, TomaGold’s operations remain unaffected, and it continues to progress with financing and contingent payments related to property sales.

TomaGold Announces $2.25 Million Private Placement to Boost Exploration

TomaGold Corporation announced a proposed non-brokered private placement to raise up to $2,250,000, subject to TSX Venture Exchange approval. The offering will include common shares issued on a flow-through basis and units consisting of shares and warrants. The funds will be used primarily for exploration expenses and general corporate purposes, with a focus on eligible Canadian exploration expenses. This move aims to bolster TomaGold’s financial position and support its exploration activities, potentially enhancing its market presence in the mining sector.