Metals Creek Resources (MEK) AI Stock Analysis

• Market Cap: C$7.74M
• Dividend Yield: N/A
• Average Volume (3M): 654.00K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.38
• 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: 193,391,860
• 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: 46 Neutral
• Price Target: C$0.04 ▼(-2.50% Downside)

The score is held down primarily by weak financial performance (pre-revenue, ongoing losses, and persistent cash burn with a shrinking equity base). Technicals and recent exploration/financing updates provide some support, but valuation remains unattractive/indeterminate due to negative earnings and no dividend.

Positive Factors

Strategic Partnerships

The expansion of the Yellow Fox property in partnership with Lomiko Metals Inc. enhances Metals Creek's exploration potential, leveraging joint resources to increase the mineral resource base, which could strengthen its market position in the mining sector.

Exploration Success

New gold discoveries at Careless Cove Property enhance Metals Creek's exploration success, potentially increasing the property's value and future development prospects, thus strengthening its foothold in the competitive gold exploration industry.

Financial Flexibility

The planned private placement financing aims to raise $200,000, enhancing financial flexibility. This could support exploration activities and improve stakeholder confidence, potentially impacting long-term operational capabilities positively.

Negative Factors

Persistent Losses

Consistent losses and negative EBIT indicate ongoing financial challenges, threatening long-term sustainability. Without revenue generation, the company faces significant hurdles in achieving profitability and maintaining operations.

Negative Cash Flow

Persistent negative cash flows reflect operational challenges, necessitating reliance on external funding. This dependency could limit financial flexibility and impede the company's ability to invest in growth opportunities.

Revenue Generation Challenges

The absence of revenue generation is a critical issue, hindering the company's ability to cover operational costs and achieve profitability. This challenge could impact long-term viability and strategic growth initiatives.

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

Metals Creek Resources struggles with consistent losses due to negative EBIT and net income, compounded by a lack of revenue generation. Despite a strong equity position, negative cash flows and reliance on external funding present significant financial challenges.

Income Statement

Metals Creek Resources has struggled with consistent losses as evidenced by persistent negative EBIT and net income figures over multiple years. The lack of revenue generation further exacerbates their financial situation, indicating significant challenges in turning profits.

Balance Sheet

The company maintains a strong equity position relative to its liabilities, as evidenced by a high equity ratio. However, the absence of revenue and ongoing losses suggest potential risks in sustaining operations without external financing.

Cash Flow

Cash flow analysis reveals persistent negative operating cash flow and free cash flow, which reflects ongoing operational challenges. Although financing inflows have helped cover some deficits, reliance on external funding is a notable concern.

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	52 Neutral	C$7.81M	-34.78	―	―	―	14.29%
HUNT	52 Neutral	C$8.91M	-3.78	―	―	―	-104.65%
LMR	48 Neutral	C$10.52M	-2.16	-11.09%	―	―	-84.65%
MEK	46 Neutral	C$7.74M	-10.00	-16.74%	―	―	-122.22%
ORS	44 Neutral	C$6.28M	-9.30	-12.84%	―	―	-255.56%

Metals Creek Resources Corporate Events

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.

Metals Creek Resources Unveils High-Grade Gold Findings at Naybob West

Metals Creek Resources Corp. has announced promising results from its second phase of prospecting at the Naybob West Zone in Timmins, Ontario. The exploration program, part of the Ogden Gold Project, revealed high-grade gold mineralization with assays reaching up to 12.3 g/t gold. This phase focused on increasing sample density and expanding mineralization along strike, with findings suggesting potential for further gold discovery due to the area’s geological features. The company is planning a trenching program to further explore these promising results, which could enhance its position in the Timmins Gold Camp and provide significant opportunities for stakeholders.

Metals Creek Resources Launches $1 Million Private Placement for Exploration

Metals Creek Resources Corp. announced a non-brokered private placement to raise up to $1 million through the issuance of flow-through and non-flow-through units. The funds will be used for exploration on their Newfoundland and Ontario properties, including the Ogden Gold Project, with the private placement subject to TSX Venture Exchange approval.