Metals Creek Resources Inc (TSE:MEK)
:MEK
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Metals Creek Resources
(MEK)
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Rating:45Neutral
Price Target:
C$0.03
▼(-15.00% Downside)
Action:ReiteratedDate:02/04/26
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.
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.
Read all positive and negative factors
Positive Factors
Negative 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.
Read all positive factors
Metals Creek Resources (MEK) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$6.48M
Dividend YieldN/A
Average Volume (3M)654.00K
Price to Earnings (P/E)―
Beta (1Y)1.22
Revenue GrowthN/A
EPS Growth-122.22%
CountryCA
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)0.00
Shares Outstanding215,916,870
10 Day Avg. Volume1,017,008
30 Day Avg. Volume654,000
Financial Highlights & Ratios
PEG Ratio0.19
Price to Book (P/B)10.76
Price to Sales (P/S)0.00
P/FCF Ratio-5.52
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
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 he...
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 thei...
Metals Creek Resources Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
38
Negative
Cash Flow
10
Very Negative
| Breakdown | TTM | Dec 2024 | Dec 2023 | Mar 2023 | Dec 2021 | Mar 2021 |
|---|---|---|---|---|---|---|
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
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
50 Neutral | C$10.66M | -6.86 | -12.84% | ― | ― | -255.56% | |
50 Neutral | C$6.77M | -34.40 | ― | ― | ― | 14.29% | |
48 Neutral | C$9.41M | -4.64 | -23.39% | ― | ― | -104.65% | |
45 Neutral | C$6.48M | -21.64 | -283.11% | ― | ― | -122.22% | |
43 Neutral | C$7.41M | -5.42 | -28.23% | ― | ― | -84.65% |
* Basic Materials Sector Average
TSE:MEK
Metals Creek Resources
0.03
<0.01
20.00%
TSE:ORS
Orestone Mining
0.10
0.07
233.33%
TSE:BAD
York Harbour Metals Inc
0.16
0.11
220.00%
TSE:QMC
QMC Quantum Minerals
0.07
0.03
62.50%
TSE:LMR
Lomiko Metals
0.10
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-25.93%
TSE:HUNT
Gold Hunter Resources
0.06
-0.04
-40.00%
Metals Creek Resources Corporate Events
Business Operations and Strategy
Metals Creek Readies Fully Funded 2026 Drill Program at Ogden Gold Project
Positive
Jan 27, 2026
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 Z...
Business Operations and StrategyM&A Transactions
Metals Creek Sells Tillex Copper Project to Aruma to Refocus on Gold Exploration
Positive
Jan 22, 2026
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 proc...
Business Operations and StrategyExecutive/Board Changes
Metals Creek Names New CFO and Director After Long-Serving Executive Retires
Positive
Jan 21, 2026
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 Accounta...
Business Operations and Strategy
Metals Creek’s Yellow Fox Partner Uncovers Strong Rare Earth Anomalies in Newfoundland
Positive
Jan 14, 2026
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 as...
Business Operations and StrategyM&A Transactions
Metals Creek Buys Out 0.5% NSR on Tillex Property from Blue Moon Metals
Positive
Jan 9, 2026
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...
Business Operations and StrategyPrivate Placements and Financing
Metals Creek Closes $200,000 Flow-Through Financing for Canadian Gold Exploration
Positive
Dec 20, 2025
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. Ea...
Business Operations and StrategyPrivate Placements and Financing
Metals Creek Resources Announces Private Placement Financing to Advance Exploration
Positive
Dec 17, 2025
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...
Private Placements and Financing
Metals Creek Resources Completes Final Tranche of Private Placement Financing
Neutral
Dec 10, 2025
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 explor...
Business Operations and Strategy
Metals Creek Expands Gold Mineralization at Naybob West
Positive
Nov 27, 2025
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 ...
Private Placements and Financing
Metals Creek Resources Secures Conditional Approval for $1M Private Placement
Positive
Nov 19, 2025
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...
Business Operations and Strategy
Metals Creek Reports High-Grade Gold and Antimony at Careless Cove
Positive
Nov 4, 2025
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 ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.