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MetalQuest Mining
(MQM)
MetalQuest Mining (MQM) vs. iShares MSCI Canada ETF (EWC)
MetalQuest Mining Business Overview & Revenue Model
MetalQuest Mining Financial Statement Overview
| 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 | 0.00 | 0.00 | 0.00 | 0.00 | -4.76K | -5.95K |
| EBITDA | 102.41K | -168.00K | -721.00K | -299.00K | -299.87K | -445.33K |
| Net Income | 100.28K | -168.00K | -64.60K | -479.00K | -122.17K | -412.01K |
Balance Sheet | ||||||
| Total Assets | 1.52M | 898.66K | 843.94K | 594.56K | 1.02M | 841.60K |
| Cash, Cash Equivalents and Short-Term Investments | 1.01M | 702.18K | 724.21K | 510.96K | 1.02M | 819.54K |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 358.31K | 265.89K | 98.43K | 67.57K | 23.00K | 37.98K |
| Stockholders Equity | 1.16M | 632.77K | 745.51K | 526.99K | 997.22K | 803.63K |
Cash Flow | ||||||
| Free Cash Flow | -400.67K | -181.06K | -434.24K | -358.58K | -306.87K | -373.04K |
| Operating Cash Flow | -370.85K | -181.06K | -434.24K | -292.46K | -303.83K | -373.04K |
| Investing Cash Flow | -18.68K | -21.13K | 283.54K | -66.11K | 164.06K | 82.85K |
| Financing Cash Flow | 444.30K | 0.00 | 0.00 | 0.00 | 283.75K | 0.00 |
MetalQuest Mining Technical Analysis
MetalQuest Mining Peers Comparison
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% | |
52 Neutral | C$12.69M | 154.35 | -21.60% | ― | ― | -421.05% | |
49 Neutral | C$9.06M | -3.08 | -133.71% | ― | ― | -42.55% | |
47 Neutral | C$8.52M | -5.17 | -121.94% | ― | ― | 55.15% | |
46 Neutral | C$9.12M | -2.09 | -11.09% | ― | ― | -84.65% | |
37 Underperform | C$11.95M | -33.93 | -5.85% | ― | ― | -16.67% |
MetalQuest Mining Corporate Events
MetalQuest Mining Inc. has closed the second and final tranche of its non-brokered private placement, issuing 1,963,760 non-flow-through units at $0.17 each for additional proceeds of $333,839.20, bringing total funds raised across all tranches to $1,966,780.20. Each unit consists of one common share and one-half warrant exercisable at $0.40 for two years, with proceeds earmarked for working capital and exploration, and no finder fees paid on the final tranche. The financing, which drew demand in excess of the amount raised but was capped to limit shareholder dilution, remains subject to TSX Venture Exchange approval and includes a standard four-month-plus-one-day hold period on securities issued. Insider participation triggered related-party transaction rules under MI 61-101 but qualified for exemptions due to its size relative to market capitalization, while chairman and CEO Harry Barr modestly increased his indirect and direct control position through the purchase of 599,313 units, adjusting his post-offering potential ownership stake and reinforcing insider alignment with the company’s financing strategy.
The most recent analyst rating on (TSE:MQM) stock is a Hold with a C$0.31 price target. To see the full list of analyst forecasts on MetalQuest Mining stock, see the TSE:MQM Stock Forecast page.
MetalQuest Mining’s year-end message highlights 2025 as a year of groundwork in which it sharpened the technical roadmap for its flagship Lac Otelnuk Iron Project, expanded its land position in the Labrador Trough with the Superior Iron Project, and completed the acquisition of the ROF-1 Project in Ontario’s Ring of Fire, giving it a strategic foothold near major nickel, chromite and VMS deposits. The company also advanced its indirect exposure to the Murray Brook polymetallic project through its equity and royalty interests, engaged AtkinsRéalis to conduct a gap analysis of Lac Otelnuk’s historic feasibility work to align the project with current regulatory and market conditions, and bolstered its balance sheet through financings, positioning MetalQuest to finalize a 2026 go-forward plan around its Ring of Fire and Bathurst strategies and to seek partnerships as demand for high-quality steelmaking feed evolves.
The most recent analyst rating on (TSE:MQM) stock is a Buy with a C$0.92 price target. To see the full list of analyst forecasts on MetalQuest Mining stock, see the TSE:MQM Stock Forecast page.
MetalQuest Mining Inc. announced a non-brokered private placement to raise up to $2.52 million through the issuance of flow-through and non-flow-through units. The funds will support the Superior Iron Project and other eligible properties, as well as provide working capital for exploration. This move is expected to enhance the company’s operational capabilities and strengthen its position in the mining sector.
The most recent analyst rating on (TSE:MQM) stock is a Buy with a C$0.92 price target. To see the full list of analyst forecasts on MetalQuest Mining stock, see the TSE:MQM Stock Forecast page.
MetalQuest Mining Inc. has acquired the ROF-1 Project, a significant critical-minerals project in Northern Ontario’s Ring of Fire region, marking its entry into this strategic area. The acquisition positions MetalQuest close to existing high-grade deposits and aligns with Ontario’s infrastructure plans, potentially enhancing economic growth and opportunities for Indigenous communities.
The most recent analyst rating on (TSE:MQM) stock is a Buy with a C$0.92 price target. To see the full list of analyst forecasts on MetalQuest Mining stock, see the TSE:MQM Stock Forecast page.
MetalQuest Mining is positioning itself for growth in Ontario’s Ring of Fire, a promising mineral district, by evaluating strategic properties for acquisition. The company’s move is bolstered by Ontario’s announcement of a Special Economic Zone and plans for an all-season road, which enhance the district’s development potential. MetalQuest plans to apply its successful First Nation partnership model from its other projects to this new venture.
The most recent analyst rating on (TSE:MQM) stock is a Buy with a C$0.92 price target. To see the full list of analyst forecasts on MetalQuest Mining stock, see the TSE:MQM Stock Forecast page.
MetalQuest Mining has acquired a 100% interest in the Superior Iron Project, significantly expanding its land holdings in the Labrador Trough, Québec. This acquisition enhances the company’s position as one of the largest claim holders in the region and complements its existing Lac Otelnuk Iron Project. The company plans to conduct initial work programs on the new project, including geophysics and environmental studies, to outline future drill targets. The strategic expansion is expected to strengthen MetalQuest’s operations and capitalize on the increasing demand for high-purity iron, which is now considered a critical mineral. The company also maintains a cooperative agreement with the Naskapi First Nation, ensuring shared social and economic benefits.
The most recent analyst rating on (TSE:MQM) stock is a Buy with a C$0.92 price target. To see the full list of analyst forecasts on MetalQuest Mining stock, see the TSE:MQM Stock Forecast page.
MetalQuest Mining has announced its upcoming annual general and special meeting, highlighting potential disruptions due to postal strikes which may affect the delivery of meeting materials. Shareholders are encouraged to access these materials electronically and vote in advance. The meeting will cover financial statements, auditor appointments, director elections, and a resolution on the company’s stock option plan. This announcement underscores the company’s proactive approach to stakeholder engagement and operational transparency amidst logistical challenges.
The most recent analyst rating on (TSE:MQM) stock is a Buy with a C$0.72 price target. To see the full list of analyst forecasts on MetalQuest Mining stock, see the TSE:MQM Stock Forecast page.