Myriad Uranium Corp (M) AI Stock Analysis

• Market Cap: C$51.03M
• Dividend Yield: N/A
• Average Volume (3M): 759.13K
• Price to Earnings (P/E): ―
• Beta (1Y): 2.05
• 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: 45 Neutral
• Price Target: C$0.54 ▲(11.67% Upside)

The score is primarily constrained by weak financial performance (no revenue, widening losses, and accelerating cash burn), which raises financing and sustainability risk. Technicals are supportive with the price above major moving averages, but overbought momentum signals temper the outlook. Valuation is also limited by negative earnings (negative P/E) and no dividend support.

Positive Factors

Debt-free balance sheet

A debt-free capital structure materially lowers bankruptcy and interest-rate risk for a junior explorer. This structural flexibility lets management focus on advancing projects or negotiating farm-outs without immediate debt-service constraints, improving strategic optionality over months.

Improved equity base

A materially larger equity base strengthens the company's near-term funding runway and underwriting credibility for exploration programs. While not yet earnings-generating, a bigger equity cushion reduces immediate dilution pressure and supports continued geological work over the medium term.

Focused exploration business model

A clear, repeatable exploration model—acquiring prospects, conducting surveys, sampling and drilling—creates tangible project milestones and asset value progression. Successful drill results or farm-out deals can convert exploration spend into long-lived assets or partner-funded development options over time.

Negative Factors

No reported revenue

Persistently zero revenue means the business lacks operating cash inflows and must rely on financing to fund operations. Over months, absence of commercial receipts increases execution risk, undermines ability to self-fund exploration, and elevates the likelihood of dilutive capital raises if programs continue.

Accelerating cash burn

Large, accelerating negative operating and free cash flow create structural funding risk for a junior explorer. Sustained cash outflows of this magnitude require frequent external financing, which can dilute shareholders and disrupt multi-stage exploration programs if capital access tightens over the 2–6 month horizon.

Widening net losses and negative ROE

A marked increase in net losses alongside deeply negative returns on equity signals poor capital efficiency: equity is not generating economic returns. If losses persist without discovery or revenue, management faces pressure to cut costs or raise additional capital, challenging long-term value creation.

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

Myriad Uranium Corp Financial Statement Overview

Summary

Very weak fundamentals: no revenue reported across periods, losses widened materially in the latest year, and cash burn accelerated (negative operating cash flow and free cash flow). The main positive is a debt-free balance sheet and improved equity base, but ongoing losses and cash outflows 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	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	0.00	0.00	0.00	0.00	0.00	0.00
EBITDA	-6.59M	-6.91M	-2.19M	-1.34M	-204.38K	-269.97K
Net Income	-8.88M	-8.45M	-3.68M	-1.50M	-450.91K	-266.75K
Balance Sheet
Total Assets	5.52M	4.00M	763.56K	2.69M	1.36M	1.67M
Cash, Cash Equivalents and Short-Term Investments	2.84M	1.54M	324.43K	978.75K	1.31M	1.49M
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00
Total Liabilities	353.01K	321.60K	196.24K	42.44K	28.06K	9.26K
Stockholders Equity	5.17M	3.68M	567.32K	2.65M	1.34M	1.66M
Cash Flow
Free Cash Flow	-8.33M	-8.03M	-1.91M	-988.08K	-209.18K	-200.84K
Operating Cash Flow	-7.49M	-7.19M	-1.68M	-988.08K	-209.18K	-200.84K
Investing Cash Flow	-1.13M	-1.12M	-228.22K	0.00	34.00K	-37.42K
Financing Cash Flow	8.85M	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	54 Neutral	C$119.34M	145.00	2.21%	―	―	―
EMET	46 Neutral	C$49.89M	-46.25	-8.52%	―	―	-1233.33%
M	45 Neutral	C$51.03M	-4.84	-211.50%	―	―	―