Myriad Uranium Corp (M) AI Stock Analysis

• Market Cap: C$47.87M
• 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 costs and interest exposure, giving the company structural flexibility to time capital raises or joint ventures. For an exploration firm this lowers bankruptcy risk and preserves optionality across multi-stage drilling programs.

Larger equity base

A meaningful rise in shareholders' equity strengthens the capital base and provides a longer runway to fund exploration work without immediate insolvency risk. This can reduce near-term dilution pressure and improve ability to secure partner funding or staged JV agreements.

Cash losses align with FCF

Losses that are largely cash-based indicate spending is funding real exploration activity rather than non-cash accounting charges. That transparency improves budget planning and means cash outflows are directly tied to asset-building activity that can generate value if exploration succeeds.

Negative Factors

No revenue

Zero operating revenue forces the company to rely entirely on external capital for operations. Over the medium term this elevates refinancing and dilution risk, reduces negotiating leverage with partners, and means the business lacks recurring cash inflows to sustain exploration programs.

Accelerating cash burn

Large, accelerating negative operating and free cash flows create an ongoing funding requirement that can force frequent capital raises. That increases dilution risk, constrains the ability to execute multi-year exploration campaigns, and heightens the probability of distressed asset sales if markets tighten.

Widening losses & negative returns

Rapidly increasing net losses and deeply negative returns on equity indicate the enlarged capital base is not generating economic returns. Persisting negative profitability erodes investor confidence and may force strategic changes, partner dependency, or asset monetization under unfavorable terms.

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

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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$83.78M	-31.79	-0.04%	―	―	―
M	49 Neutral	C$47.87M	-4.42	-222.52%	―	―	―
EMET	42 Neutral	C$35.06M	-11.13	-136.19%	―	―	-1233.33%