Myriad Uranium Corp (M) AI Stock Analysis

• Market Cap: C$49.98M
• Dividend Yield: N/A
• Average Volume (3M): 759.13K
• Price to Earnings (P/E): ―
• Beta (1Y): 2.29
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): -0.03
• Shares Outstanding: 105,215,750
• 10 Day Avg. Volume: 1,454,976
• 30 Day Avg. Volume: 759,127
• PEG Ratio: -0.05
• Price to Book (P/B): 3.91
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -1.79
• 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: 49 Neutral
• Price Target: C$0.45 ▼(-5.62% Downside)
• Action: Reiterated Date: 02/27/26
• Date: Action: Reiterated 02/27/26

The score is held down primarily by weak financial performance (no revenue, widening losses, and accelerating cash burn), despite the benefit of no debt. Technicals are constructive with strong momentum above key moving averages, but valuation is constrained by ongoing losses and no dividend support.

Positive Factors

Debt-free balance sheet

A debt-free balance sheet materially reduces fixed financing obligations and interest risk, giving the company flexibility to fund exploration or restructure deals without near-term covenant pressure. This structural advantage lengthens runway and supports strategic optionality in capital markets.

Increased equity capital base

A meaningful rise in shareholders' equity strengthens the company’s capital base, lowering immediate refinancing needs and improving credibility with partners and service providers. This larger equity cushion helps absorb exploration write-offs and supports planned drilling and programs.

Asset sale with retained stake and alliance

Selling the Red Basin project while keeping a stake and forming an alliance is a structural move that monetizes assets, reduces direct capital burden, and preserves upside exposure. A strategic partner can provide technical expertise, share risk, and accelerate development without full funding strain.

Negative Factors

No revenue across reported periods

Persistent absence of revenue reflects that operations remain exploration-stage with no production cash flows. This structural reality forces reliance on external financing for survival, limits internal reinvestment capacity, and makes long-term planning and valuation highly contingent on successful project milestones.

Accelerating negative cash flow

Large and worsening operating and free cash outflows materially shorten the company’s runway absent new capital. Structural cash burn increases the probability of dilutive financings, distracts management with fundraising, and constrains the pace and scope of exploration programs essential to value creation.

Widening net losses and negative returns on equity

Substantially larger net losses and deeply negative ROE signal that invested capital is not producing economic returns. Over time this erodes investor capital, undermines ability to raise non-dilutive funding, and pressures management to either cut programs or pursue dilutive transactions to sustain operations.

Myriad Uranium Corp Business Overview & Revenue Model

Company Description

Myriad Uranium Corp. operates as a mineral exploration company in the United States. the company primarily explores for uranium. It holds an option agreement to acquire a 75% interest in the Copper Mountain project covering an area of 9,320 acres located in Wyoming. The company also has an option to acquire the Red Basin Uranium Property which covers an area of approximately 1,776 acres located in New Mexico, the United States. The company was formerly known as Myriad Metals Corp. and changed its name to Myriad Uranium Corp. in December 2022. Myriad Uranium Corp. was incorporated in 2018 and is based in Vancouver, Canada.

How the Company Makes Money

null

Myriad Uranium Corp Financial Statement Overview

Summary

Income statement and cash flow are very weak: no revenue reported across periods, losses widened materially in the latest year, and operating/free cash flow remain negative with accelerating cash burn. The main offset is a debt-free balance sheet and higher equity base, but ongoing losses and cash burn elevate funding and execution risk.

Income Statement

The company reports no revenue across all provided annual periods, while losses have widened sharply in the most recent year (net loss of ~8.5M vs ~3.7M prior year). Profitability is consistently negative and the latest step-up in operating losses suggests higher spending without an offsetting increase in revenue, which materially weakens earnings quality and visibility.

Balance Sheet

The balance sheet shows no reported debt, which lowers financial risk and provides flexibility. Equity increased to ~3.7M in the latest year (from ~0.6M the year before), supporting a stronger capital base; however, returns on equity are deeply negative due to ongoing losses, indicating the equity is not currently generating economic returns and could be pressured if cash burn continues.

Cash Flow

Cash generation is weak, with operating cash flow and free cash flow negative every year and a significant deterioration in the latest period (operating cash flow about -7.2M; free cash flow about -8.0M). While free cash flow is roughly in line with net losses (suggesting losses are largely cash-based rather than accounting-only), the magnitude and acceleration of cash burn increase funding risk absent new capital.

Breakdown	Jul 2025	Jul 2024	Jul 2022	Jul 2021	Jul 2020
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00
Gross Profit	0.00	0.00	0.00	0.00	0.00
EBITDA	-6.91M	-2.19M	-1.34M	-204.38K	-269.97K
Net Income	-8.45M	-3.68M	-1.50M	-450.91K	-266.75K
Balance Sheet
Total Assets	4.00M	763.56K	2.69M	1.36M	1.67M
Cash, Cash Equivalents and Short-Term Investments	1.54M	324.43K	978.75K	1.31M	1.49M
Total Debt	0.00	0.00	0.00	0.00	0.00
Total Liabilities	321.60K	196.24K	42.44K	28.06K	9.26K
Stockholders Equity	3.68M	567.32K	2.65M	1.34M	1.66M
Cash Flow
Free Cash Flow	-8.03M	-1.91M	-988.08K	-209.18K	-200.84K
Operating Cash Flow	-7.19M	-1.68M	-988.08K	-209.18K	-200.84K
Investing Cash Flow	-1.12M	-228.22K	0.00	34.00K	-37.42K
Financing Cash Flow	9.53M	1.26M	652.89K	2.45K	1.42M

Myriad Uranium 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%
SYH	52 Neutral	C$86.96M	-31.79	-0.04%	―	―	―
M	49 Neutral	C$49.98M	-4.42	-222.52%	―	―	―
EMET	45 Neutral	C$31.35M	-11.13	-136.19%	―	―	-1233.33%