Metals Creek Resources (MEK) AI Stock Analysis

• Market Cap: C$7.56M
• Dividend Yield: N/A
• Average Volume (3M): 654.00K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.87
• Revenue Growth: N/A
• EPS Growth: -122.22%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): 0.00
• Shares Outstanding: 215,916,870
• 10 Day Avg. Volume: 1,017,008
• 30 Day Avg. Volume: 654,000
• PEG Ratio: 0.19
• Price to Book (P/B): 10.76
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -5.52
• 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$0.03 ▼(-15.00% Downside)

The score is primarily constrained by weak financial performance (pre-revenue, continued losses, and ongoing cash burn with a shrinking equity base). Technical indicators are neutral and do not offset the fundamental risk, while valuation remains unattractive/unclear due to negative earnings and no stated dividend yield.

Positive Factors

Low Leverage

Minimal debt materially lowers financial distress risk for an exploration company. With little interest burden the firm retains flexibility to pursue asset work and transactions; low leverage sustains optionality when raising equity or structured JV funding over months.

Focused Exploration Business Model

A clear, repeatable early-stage exploration model (mapping, sampling, geophysics, drilling) creates durable options: advancing targets toward development or sale can unlock value without requiring near-term production. This project-centric model supports modular capital allocation and partner deals.

Narrowing of prior large loss

A reduction from an unusually large prior-year loss signals improving cost control or fewer one-time charges. If sustained, narrower losses extend runway and reduce near-term financing needs, improving prospects for orderly project advancement or partner-funded work over the next several months.

Negative Factors

Pre-revenue Operations

No revenue in the trailing twelve months means the business lacks internal cash generation from operations. For an exploration company, sustained pre-revenue status increases reliance on capital markets or JV partners and leaves long-term viability contingent on successful discoveries or asset sales.

Persistent Negative Cash Flow

Consistent negative operating and free cash flow reflect ongoing cash burn from exploration. This durable outflow requires repeated external funding, raising dilution risk and potentially forcing project scale-backs if capital access tightens over the coming months.

Shrinking Equity Base

A materially reduced equity base weakens the company’s balance sheet buffer and limits absorptive capacity for further losses. With limited internal capital, management will likely need dilutive financings or earn-in partnerships, constraining strategic options and increasing shareholder dilution risk.

Metals Creek Resources Business Overview & Revenue Model

Company Description

Metals Creek Resources Corp., an exploration stage company, explores for mineral properties in Canada. The company primarily explores for gold, base metals, and platinum group metals. Metals Creek Resources Corp. was incorporated in 2004 and is headquartered in Thunder Bay, Canada.

How the Company Makes Money

Metals Creek Resources makes money primarily through the exploration and potential development of its mineral properties. The company's revenue model involves acquiring promising mineral properties, conducting exploration activities to assess their potential, and then partnering with larger mining companies through joint ventures or option agreements to further develop these properties. These partnerships often provide Metals Creek with funding for exploration activities in exchange for a stake in the project or future royalties. Additionally, the company may earn income by selling its interest in a property to other mining companies once significant exploration milestones are achieved.

Metals Creek Resources Financial Statement Overview

Summary

Overall financial quality is weak: no revenue in TTM, ongoing operating and net losses, and persistent negative operating/free cash flow. Low debt reduces leverage risk, but the equity base has shrunk materially and continued cash burn implies elevated financing/dilution risk.

Income Statement

TTM (Trailing-Twelve-Months) results show no revenue and continued operating losses (EBIT of about -$1.2M) with a net loss of roughly -$0.7M. Losses have persisted across the annual periods as well (2021–2024), with no visible path to profitability given the absence of revenue; the main positive is that the 2022 loss was unusually large and has since narrowed, but earnings remain firmly negative.

Balance Sheet

Leverage is very low, with total debt effectively at $0 in the latest periods, which reduces financial risk. However, the equity base has shrunk materially from 2021–2023 levels to ~$0.17M in TTM (Trailing-Twelve-Months), and returns on equity are deeply negative, reflecting ongoing losses and potential dilution/financing pressure if spending continues.

Cash Flow

Cash generation is weak: operating cash flow is negative in every period shown, including about -$1.1M in TTM (Trailing-Twelve-Months). Free cash flow is also consistently negative (about -$0.7M TTM), and recent free cash flow growth is sharply down versus the prior year, indicating rising cash burn and continued reliance on external funding to sustain operations.

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	-7.56K	-19.04K	-27.82K	-33.31K	-26.83K	-13.01K
EBITDA	-1.07M	-707.00K	-563.00K	-6.22M	-1.06M	-582.99K
Net Income	-742.14K	-691.00K	-922.00K	-5.93M	-327.00K	636.16K
Balance Sheet
Total Assets	343.45K	710.14K	9.02M	9.47M	15.18M	9.48M
Cash, Cash Equivalents and Short-Term Investments	145.21K	96.67K	144.06K	778.40K	1.59M	973.70K
Total Debt	0.00	0.00	10.22K	22.40K	34.31K	44.94K
Total Liabilities	170.12K	308.38K	143.38K	204.06K	829.17K	147.34K
Stockholders Equity	173.34K	401.76K	8.88M	9.26M	14.35M	9.33M
Cash Flow
Free Cash Flow	-728.03K	-783.24K	-895.46K	-3.14M	-3.84M	-1.33M
Operating Cash Flow	-1.07M	-783.24K	-584.50K	-831.60K	-468.87K	-318.60K
Investing Cash Flow	494.06K	253.69K	-151.40K	-2.13M	-3.24M	-236.68K
Financing Cash Flow	586.09K	545.01K	555.86K	2.36M	4.23M	1.01M

Metals Creek Resources 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%
QMC	48 Neutral	C$6.77M	-29.55	―	―	―	14.29%
LMR	48 Neutral	C$10.17M	-2.02	-11.09%	―	―	-84.65%
HUNT	48 Neutral	C$11.77M	-4.39	―	―	―	-104.65%
MEK	45 Neutral	C$7.56M	-8.75	-16.74%	―	―	-122.22%
ORS	45 Neutral	C$13.84M	-15.12	-12.84%	―	―	-255.56%

Metals Creek Resources Corporate Events

Metals Creek Readies Fully Funded 2026 Drill Program at Ogden Gold Project

Metals Creek Resources has announced that it is fully funded and preparing a new drill program for the first quarter of 2026 at its 50/50 Ogden Gold Project joint venture with Discovery Silver in the Timmins Gold Camp, targeting the Thomas Ogden Zone and Porphyry Hill, which were last drilled in 2022. The company is finalizing structural analysis from oriented core to better understand the orientation of gold-bearing quartz veins and fold structures, aiming to refine drill targeting across the property’s six identified mineralized zones and capitalize on historical high-grade intercepts and conceptual exploration potential, particularly at Naybob South and the underexplored western portion contiguous with Galleon Gold, underscoring the project’s strategic position between several producing and developing gold operations.

The most recent analyst rating on (TSE:MEK) stock is a Sell with a C$0.05 price target. To see the full list of analyst forecasts on Metals Creek Resources stock, see the TSE:MEK Stock Forecast page.

Metals Creek Sells Tillex Copper Project to Aruma to Refocus on Gold Exploration

Metals Creek Resources has agreed to sell its 85% interest in the Tillex Copper-Silver Project in Ontario’s Timmins mining district to Australian-listed Aruma Resources, allowing Aruma to assume full ownership of the patented claims and proceed with immediate exploration and resource development work, including a maiden resource estimate. The transaction enables Metals Creek to sharpen its focus on its Ogden Gold Project while retaining indirect exposure to Tillex’s potential through equity in Aruma, a move that could streamline its operations and reposition the company more squarely around gold exploration while still participating in any future value created from the copper-silver asset.

The most recent analyst rating on (TSE:MEK) stock is a Hold with a C$0.04 price target. To see the full list of analyst forecasts on Metals Creek Resources stock, see the TSE:MEK Stock Forecast page.

Metals Creek Names New CFO and Director After Long-Serving Executive Retires

Metals Creek Resources Corp. has announced the retirement of long-serving director and chief financial officer Nick Tsimidis and the appointment of Kevin Ramsay as both a director and the new CFO. Ramsay, a seasoned Chartered Professional Accountant with extensive audit and governance experience in the resource sector and prior senior financial roles at Maclean Hunter’s radio division and on CPA Ontario’s Practice Inspection Committee, is expected to strengthen Metals Creek’s financial oversight and board capabilities as the company advances its gold exploration and optionable project portfolio.

The most recent analyst rating on (TSE:MEK) stock is a Hold with a C$0.04 price target. To see the full list of analyst forecasts on Metals Creek Resources stock, see the TSE:MEK Stock Forecast page.

Metals Creek’s Yellow Fox Partner Uncovers Strong Rare Earth Anomalies in Newfoundland

Metals Creek Resources reported that its option partner Lomiko Metals has identified multiple highly anomalous rare earth element (REE) soil anomalies at the Yellow Fox critical metals property in central Newfoundland, where Lomiko acquired the asset from Metals Creek in early 2025. Additional REE-focused assays from a Phase II soil sampling and prospecting program revealed total rare earth element values ranging from 1,683 ppm to 5,176 ppm, with strong enrichment in light and heavy rare earths including neodymium, praseodymium and dysprosium—key inputs for high-performance magnets used in wind turbines, electric vehicles, defense and advanced electronics. The REE anomalies, hosted within Mount Peyton monzogranite and trending parallel to previously outlined antimony-zinc-lead-silver anomalies, suggest a potentially significant mixed LREE-HREE mineralized system and add a second tier of untested targets at Yellow Fox, underscoring the property’s growing strategic importance in the critical metals supply chain and enhancing the exploration upside for both Metals Creek and its partner.

The most recent analyst rating on (TSE:MEK) stock is a Sell with a C$0.03 price target. To see the full list of analyst forecasts on Metals Creek Resources stock, see the TSE:MEK Stock Forecast page.

Metals Creek Buys Out 0.5% NSR on Tillex Property from Blue Moon Metals

Metals Creek Resources Corp. has acquired the remaining 0.5% net smelter return (NSR) royalty on its Tillex property in Currie Township, 65 km east of Timmins, Ontario, from Blue Moon Metals Inc., thereby consolidating its economic interest in the project. The royalty buyout, paid through the issuance of 50,000 common shares and subject to TSX Venture Exchange approval, simplifies the ownership structure of the Tillex asset and could enhance future project economics and flexibility for Metals Creek as it advances its exploration portfolio in the Timmins mining camp.

The most recent analyst rating on (TSE:MEK) stock is a Hold with a C$0.03 price target. To see the full list of analyst forecasts on Metals Creek Resources stock, see the TSE:MEK Stock Forecast page.

Metals Creek Closes $200,000 Flow-Through Financing for Canadian Gold Exploration

Metals Creek Resources Corp. has received TSX Venture Exchange approval to close a non-brokered flow-through private placement financing, raising gross proceeds of $200,000 through the issuance of 5,000,000 flow-through units at $0.04 per unit. Each unit comprises one flow-through share and half a warrant, with whole warrants exercisable at $0.06 for 24 months, alongside finder’s fees of $16,000 and 400,000 broker warrants, and all securities subject to a four‑month hold. The funds will be directed toward exploration work on the company’s Newfoundland and Ontario properties, including the Ogden Gold Project, and are structured to qualify as flow-through mining expenditures under Canadian tax law, providing both capital for advancing key projects and tax-efficient benefits for participating investors.

Metals Creek Resources Announces Private Placement Financing to Advance Exploration

Metals Creek Resources Corp. announced its intention to initiate a non-brokered flow-through private placement financing to raise up to $200,000, subject to TSX Venture Exchange approval. The financing involves issuing up to 5,000,000 flow-through units at $0.04 per unit, providing tax benefits to investors under Canadian tax laws and strengthening the company’s financial position for exploration initiatives. This move reinforces the company’s commitment to advancing its gold exploration projects, potentially enhancing its market positioning and attracting stakeholder interest.

Metals Creek Resources Completes Final Tranche of Private Placement Financing

Metals Creek Resources Corp. has announced the closing of its second and final tranche of a private placement financing, raising a total of $663,500 through the issuance of flow-through and non-flow-through units. The funds will be used for exploration activities in Newfoundland and Ontario, including the Ogden project. The financing is pending final approval from the TSX Venture Exchange and includes a four-month hold period for all securities issued.

Metals Creek Expands Gold Mineralization at Naybob West

Metals Creek Resources Corp. has completed a surface trenching program at the Naybob West Zone in the Ogden Gold Project, Timmins, Ontario. The program successfully expanded mineralization along the east and west directions, revealing significant alteration and mineralization, and collected 60 surface grab samples. The project is part of a joint venture with Discovery Silver Corp, and the findings suggest potential for further gold mineralization, enhancing the company’s exploration prospects in the prolific Timmins Gold Camp.

Metals Creek Resources Secures Conditional Approval for $1M Private Placement

Metals Creek Resources Corp. announced it has received conditional approval from the TSX Venture Exchange for its private placement financing, intending to raise up to $1,000,000 through the issuance of flow-through and non-flow-through units. The company has closed the first tranche, securing $607,500, which will be used for exploration activities in Newfoundland and Ontario, particularly the Ogden Gold Project. The financing aims to support the company’s exploration efforts and ensure tax benefits for investors, with final approval pending from the TSX Venture Exchange.

Metals Creek Reports High-Grade Gold and Antimony at Careless Cove

Metals Creek Resources Corp. announced promising assay results from their Careless Cove Property in Newfoundland, revealing high-grade gold and antimony. The prospecting program showed a strong correlation between gold and antimony, with antimony values reaching up to 2.3%. This discovery, located near New Found Gold Corp.’s Queensway High-Grade Gold Project, enhances Metals Creek’s exploration prospects and positions the company favorably in the gold and antimony markets.