Metallic Minerals (MMG) AI Stock Analysis

• Market Cap: C$75.54M
• Dividend Yield: N/A
• Average Volume (3M): 357.61K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.73
• Revenue Growth: N/A
• EPS Growth: 42.42%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Other Precious Metals
• EPS (TTM): N/A
• Shares Outstanding: 212,786,530
• 10 Day Avg. Volume: 404,801
• 30 Day Avg. Volume: 357,606
• PEG Ratio: 0.00
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• 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: 48 Neutral
• Price Target: C$0.38 ▼(-9.29% Downside)

The score is held down primarily by weak financial performance (no revenue, continued losses, and persistent cash burn), partially offset by a relatively low-risk balance sheet (near-zero debt) and mildly positive technical trend (price above key moving averages with neutral momentum). Valuation provides limited support given the negative P/E and no dividend yield.

Positive Factors

Strategic Mineral Potential

The discovery of critical minerals at La Plata enhances MMG's strategic importance, potentially boosting long-term economic and national security relevance.

Expansion of Gold Operations

The expansion of gold operations through a new royalty agreement strengthens MMG's market position and diversifies its revenue potential.

Partnership with Newmont

The partnership with Newmont provides credibility and resources, enhancing MMG's ability to advance projects and attract further investment.

Negative Factors

Lack of Revenue

The absence of revenue generation poses a significant risk to MMG's financial health, limiting its ability to sustain operations without external financing.

Declining Cash Position

A declining cash position threatens MMG's operational capacity and future project funding, increasing reliance on external financing.

Ongoing Net Losses

Persistent net losses reflect operational inefficiencies and challenge MMG's long-term viability, necessitating strategic changes to achieve profitability.

Metallic Minerals Business Overview & Revenue Model

Company Description

Metallic Minerals Corp. acquires, explores for, and develops mineral properties in Canada and the United States. The company explores for silver, gold, copper, lead, and zinc deposits. Its flagship project is the 100% owned Keno silver project covering an area of 171 square kilometers located in the Keno Hill silver district, Yukon Territory, Canada. The company was formerly known as Monster Mining Corp. and changed its name to Metallic Minerals Corp. in September 2016. Metallic Minerals Corp. was incorporated in 2007 and is headquartered in Vancouver, Canada.

How the Company Makes Money

Metallic Minerals makes money through the exploration and eventual development of its mining projects, which allows the company to extract and sell precious metals like silver and gold. The company's revenue model is primarily based on the successful discovery and commercialization of mineral resources. Key revenue streams include the sale of extracted metals, potential joint ventures, and strategic partnerships with larger mining companies. These partnerships can provide additional funding and resources for exploration and development activities, contributing to overall earnings. Additionally, MMG may earn revenue through the sale or optioning of interests in its mineral properties to other mining companies.

Metallic Minerals Financial Statement Overview

Summary

Income statement is very weak with no revenue and ongoing losses, despite a meaningful improvement in the latest year’s net loss. Cash flow remains a key constraint with consistently negative operating and free cash flow (though operating cash burn improved). The balance sheet is a relative positive with minimal debt, but equity volatility and persistently negative returns reflect ongoing funding needs.

Income Statement

The company reports no revenue across the disclosed periods, consistent with an early-stage/exploration profile, and continues to post sizable operating and net losses. Losses improved in the most recent annual period (net loss narrowed from ~6.0M in 2024 to ~3.8M in 2025), but profitability remains structurally weak with negative operating earnings and EBITDA, leaving the income statement highly dependent on future project progress and financing.

Balance Sheet

Leverage is very low (total debt is effectively zero in recent years), which reduces solvency risk versus many small-cap resource peers. However, equity and assets fluctuate materially year-to-year (equity fell in 2024 then rebounded in 2025), reflecting ongoing losses and potential capital-raise dynamics; returns on equity are consistently negative, highlighting that the balance sheet is being used to fund losses rather than generate returns.

Cash Flow

Cash generation remains a key weakness, with operating cash flow and free cash flow consistently negative. There is a notable improvement in cash burn in the latest year (operating cash flow improved from about -6.2M in 2024 to about -2.1M in 2025), but free cash flow still deteriorated year-over-year in 2025 (negative growth), indicating continued funding needs and sensitivity to capital market access.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00
Gross Profit	0.00	0.00	0.00	0.00	-2.69K
EBITDA	-3.78M	-6.01M	-4.92M	-7.21M	-7.49M
Net Income	-3.78M	-6.01M	-4.92M	-7.19M	-7.49M
Balance Sheet
Total Assets	12.04M	8.58M	11.39M	9.10M	8.38M
Cash, Cash Equivalents and Short-Term Investments	5.09M	1.92M	5.67M	4.57M	4.02M
Total Debt	0.00	0.00	0.00	0.00	15.00K
Total Liabilities	1.45M	785.41K	646.49K	694.72K	253.57K
Stockholders Equity	10.59M	7.79M	10.75M	8.41M	8.12M
Cash Flow
Free Cash Flow	-2.12M	-6.34M	-5.42M	-6.18M	-8.59M
Operating Cash Flow	-2.12M	-6.21M	-5.15M	-5.32M	-8.49M
Investing Cash Flow	-265.77K	-133.05K	-270.45K	-866.21K	-37.39K
Financing Cash Flow	5.85M	2.07M	6.51M	6.73M	11.25M

Metallic Minerals Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.42
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:MMG, the sentiment is Neutral. The current price of 0.42 is above the 20-day moving average (MA) of 0.38, above the 50-day MA of 0.35, and above the 200-day MA of 0.29, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 47.74 is Neutral, neither overbought nor oversold. The STOCH value of 46.63 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:MMG.

Metallic Minerals 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%
TUO	54 Neutral	C$102.76M	-33.60	-22.72%	―	―	-5655.56%
WAM	54 Neutral	C$78.41M	-7.65	-33.56%	―	―	11.03%
CGNT	53 Neutral	C$101.71M	-3.32	-369.28%	―	―	34.55%
MMG	48 Neutral	C$75.54M	-15.77	-41.14%	―	―	42.42%
KDK	44 Neutral	C$101.13M	-32.16	-6.90%	―	―	-46.78%

Metallic Minerals Corporate Events

Metallic Minerals Addresses Share Volatility as Key Copper and Silver Projects Advance

Metallic Minerals has moved to reassure investors after recent volatility in its share price, stating it is unaware of any undisclosed material developments that would explain the trading activity and attributing the moves to broader short-term turbulence in metals and mining equities. Management said work is advancing on an updated mineral resource estimate at the La Plata copper-silver-gold-PGE project in Colorado, with 2026 drill programs planned there and at the Keno Silver project in Yukon aimed at resource expansion and testing high-priority targets, while its Yukon gold and silver production royalties delivered a record year in 2025 and are expected to see further growth in 2026; the company will also step up investor outreach with a busy slate of mining conferences in North America and Europe in early 2026, underscoring its view that it is well positioned to benefit from tightening global supply of high-quality copper and silver assets.

The most recent analyst rating on (TSE:MMG) stock is a Hold with a C$0.44 price target. To see the full list of analyst forecasts on Metallic Minerals stock, see the TSE:MMG Stock Forecast page.

Metallic Minerals Embraces AI for Enhanced Exploration at Key Projects

Metallic Minerals has partnered with VRIFY Technology Inc. to integrate AI and machine learning into its exploration processes, aiming to enhance mineral discovery and resource expansion at its La Plata and Keno Hill projects. This strategic collaboration is set to optimize target prioritization and accelerate discovery, addressing the industry’s need for innovation amid declining discovery rates and increasing demand for critical minerals. The initial results have shown promising patterns, which Metallic will use to refine exploration targets and prioritize high-potential areas for further work.