Mirasol Resources (MRZ) AI Stock Analysis

• Market Cap: C$47.81M
• Dividend Yield: N/A
• Average Volume (3M): 76.05K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.03
• Revenue Growth: N/A
• EPS Growth: 1.38%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Other Precious Metals
• EPS (TTM): N/A
• Shares Outstanding: 88,540,940
• 10 Day Avg. Volume: 37,540
• 30 Day Avg. Volume: 76,050
• PEG Ratio: 0.00
• Price to Book (P/B): -132.55
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -3.41
• 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: 50 Neutral
• Price Target: C$0.54 ▼(-1.82% Downside)

Overall score is held down primarily by very weak financial performance (no current revenue, ongoing losses and cash burn, and negative equity with higher debt). Technicals are moderately supportive with price above major moving averages and positive MACD, while valuation is challenged by a negative P/E and no dividend support. Recent corporate actions (financing, asset monetization, and new exploration activity) provide a constructive offset but do not fully mitigate the financial risk.

Positive Factors

Asset monetization and financing capability

Recent financings and structured asset sales provide multi-year cash commitments and immediate capital, materially extending the firm's exploration runway. This reduces short-term funding pressure, supports ongoing programs, and creates durable optionality to pursue discovery or negotiate JV terms without immediate dilution.

Partner-funded exploration business model

The company’s model of generating and de-risking targets for partners allows it to scale exploration without bearing full mine-development costs. Durable over time, JV/option structures enable third-party capital to fund expensive drilling, aligning incentives and preserving upside while limiting the need to build and operate mines internally.

Active, diversified exploration pipeline

Maintaining active programs across multiple projects and jurisdictions preserves discovery optionality and reduces single-asset concentration risk. Ongoing work (e.g., Sobek) sustains the pipeline of targets that can attract JV partners or be monetized, which is a durable source of potential value creation over months to years.

Negative Factors

Zero revenue and recurring net losses

Absence of operating revenue and persistent sizeable net losses mean the business relies entirely on external funding and asset sales to continue. Over the medium term this undermines the firm's ability to self-fund exploration, increases dependency on capital markets, and limits proof points that attract long-term strategic partners.

Sustained negative operating cash flow

Negative operating and free cash flow at material levels indicate losses are translating into real cash outflows. This durable cash burn forces frequent financing or asset disposals, increases dilution risk for shareholders, and constrains the scale and timing of exploration programs that create long-term value.

Weakened balance sheet and leverage

Negative equity and rising debt materially reduce financial flexibility and raise solvency concerns if adverse shocks occur. This structural weakness can lead partners or financiers to impose stricter terms, increase cost of capital, and limit the company's ability to absorb exploration setbacks without urgent recapitalization.

Mirasol Resources Business Overview & Revenue Model

Company Description

Mirasol Resources Ltd. engages in the acquisition and exploration of mineral properties primarily in Chile and Argentina. The company explores for gold, silver, and copper deposits. Its flagship projects include the Sobek Cu project, which covers an area of 11,120 hectares located in northern Chile; and the Inca Gold that covers an area of 16,300 hectares located on the Paleocene belt of Chile. The company was founded in 2003 and is headquartered in Vancouver, Canada.

How the Company Makes Money

Mirasol Resources makes money primarily through its exploration activities by forming joint venture agreements and strategic partnerships with larger mining companies. Instead of directly mining the resources themselves, Mirasol Resources typically partners with other companies that have the resources and capabilities to develop and operate mines. These collaborations often involve Mirasol Resources receiving payments related to exploration milestones, project funding, and potentially future royalties or equity stakes once a project advances to the mining stage. This model allows Mirasol to leverage its exploration expertise while minimizing operational risks and capital expenditures.

Mirasol Resources Financial Statement Overview

Summary

Mirasol Resources is experiencing significant financial difficulties, with no revenue generation and persistent losses. The balance sheet shows some stability through equity financing, but the ongoing cash burn and reliance on external financing are concerning.

Income Statement

Mirasol Resources has shown a consistent lack of revenue, with recent periods reporting no revenue at all. The net income is significantly negative, leading to a poor net profit margin. EBIT and EBITDA are also negative, indicating operational inefficiencies. The revenue growth rate cannot be determined due to the absence of revenue, highlighting a critical challenge in generating sales.

Balance Sheet

The company's balance sheet shows a relatively low level of debt compared to equity, reflected in a low debt-to-equity ratio. However, the total assets have been decreasing over time, which is a concern. The equity ratio is moderate, suggesting some stability in funding through equity. Nevertheless, the continuous net losses are eroding stockholders' equity, posing a risk to financial stability.

Cash Flow

The cash flow statement reveals persistent negative operating and free cash flows, indicating ongoing cash burn. The company has been relying heavily on financing activities to sustain operations. The free cash flow to net income ratio is negative due to the significant net losses, highlighting the challenge in generating positive cash flow from operations.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	0.00	0.00	0.00	15.98K	496.70K	912.92K
Gross Profit	-57.00K	-54.12K	-64.50K	-53.07K	399.94K	806.68K
EBITDA	-9.48M	-9.85M	-8.84M	-9.70M	-4.95M	-5.21M
Net Income	-9.66M	-9.95M	-8.92M	-9.80M	-5.08M	-5.96M
Balance Sheet
Total Assets	2.24M	3.35M	4.31M	10.19M	8.47M	13.48M
Cash, Cash Equivalents and Short-Term Investments	594.79K	1.68M	2.44M	8.28M	6.42M	11.20M
Total Debt	2.94M	2.80M	74.00K	140.81K	197.19K	244.67K
Total Liabilities	3.44M	3.57M	622.60K	885.35K	672.43K	1.14M
Stockholders Equity	-1.20M	-220.51K	3.69M	9.31M	7.80M	12.33M
Cash Flow
Free Cash Flow	-8.43M	-8.57M	-8.39M	-8.67M	-5.09M	-5.38M
Operating Cash Flow	-8.37M	-8.57M	-8.31M	-8.58M	-5.05M	-5.23M
Investing Cash Flow	-15.65K	-66.34K	322.13K	514.63K	479.38K	7.33M
Financing Cash Flow	7.92M	7.92M	2.26M	10.31M	-92.74K	-201.41K

Mirasol Resources Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.55
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:MRZ, the sentiment is Positive. The current price of 0.55 is above the 20-day moving average (MA) of 0.49, above the 50-day MA of 0.46, and above the 200-day MA of 0.41, indicating a bullish trend. The MACD of 0.03 indicates Negative momentum. The RSI at 64.32 is Neutral, neither overbought nor oversold. The STOCH value of 85.19 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:MRZ.

Mirasol 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%
CAM	53 Neutral	C$38.43M	-5.99	-160.92%	―	―	―
MRZ	50 Neutral	C$47.81M	-4.27	-1572.16%	―	―	1.38%
CN	50 Neutral	C$30.82M	-6.42	-57.87%	―	―	-581.25%
GBU	49 Neutral	C$27.72M	-1.45	―	―	―	70.07%
WEX	44 Neutral	C$56.79M	-7.81	-55.76%	―	―	―
DMET	44 Neutral	C$36.29M	-2.59	-53.21%	―	―	49.31%

Mirasol Resources Corporate Events

Mirasol Resources Closes $3 Million Private Placement to Boost Exploration

Mirasol Resources Ltd has successfully closed a non-brokered private placement financing, raising approximately $3 million through the issuance of 6,689,445 units at $0.45 per unit. The proceeds will be used to advance exploration programs and for general corporate purposes. The financing included participation from two directors and one officer, constituting a related party transaction, which was exempt from certain regulatory requirements. This move strengthens Mirasol’s financial position, enabling continued exploration efforts and potentially enhancing its market position in the mineral exploration industry.

Mirasol Resources Sells Sascha-Marcelina Projects to Pursuit Minerals

Mirasol Resources has completed the sale of its Sascha-Marcelina Projects in Argentina to Pursuit Minerals for approximately US$1.5 million, retaining a 1.5% NSR royalty. This transaction aligns with Mirasol’s strategy to monetize non-core assets, strengthening its financial position and allowing it to focus on its exploration programs. The proceeds from the sale were used to repay CAD$2M towards an outstanding shareholder loan, reflecting the company’s commitment to financial prudence.

Mirasol Resources Appoints New CFO to Drive Exploration Initiatives

Mirasol Resources Ltd announced the retirement of Carmen Cazares as Chief Financial Officer, with Francisco Del Castillo taking over the role effective December 1, 2025. Del Castillo brings over 20 years of experience in financial management and public company reporting, particularly in the Latin American resource sector, which is expected to be instrumental in advancing Mirasol’s exploration projects in Chile and Argentina.

Mirasol Resources Initiates Exploration at Sobek Project in Chile

Mirasol Resources Ltd. has commenced the 2025/26 exploration season at its 100%-owned Sobek Copper-Gold-Silver Project in Chile’s Vicuña District. The company is conducting a Deep Vectoring IP and MT geophysical survey to refine drill targets at the 46 South target, which is considered a technically compelling site. This initiative is expected to increase the probability of significant mineralization discovery, potentially serving as a major catalyst for the company. The drilling program, set to start in early January, aims to test both epithermal and porphyry systems, with the potential to significantly impact Mirasol’s operations and industry positioning.

Mirasol Resources Sells Virginia Silver Project for $8 Million

Mirasol Resources Ltd. has signed a definitive agreement with Ampere Metals Pty. Ltd. for the sale of its Virginia Silver Project in Argentina, valued at US$8 million over seven years, with Mirasol retaining a 2% net smelter royalty. This strategic sale provides Mirasol with significant funds to support its ongoing exploration projects and highlights the potential of its portfolio, marking a major achievement in its business development initiatives.

Mirasol Resources Extends Private Placement Offering Deadline

Mirasol Resources Ltd announced an extension to the closing date of its non-brokered private placement financing, initially arranged for up to 6,666,667 Units at $0.45 per Unit, aiming to raise $3.0 million. The new deadline for completion is December 16, 2025, with all other terms remaining unchanged, pending acceptance by the TSX Venture Exchange. This extension could impact the company’s funding strategy and stakeholder expectations as it continues to develop its exploration projects.