Metallis Resources Inc (TSE:MTS)
:MTS
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Metallis Resources
(MTS)
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Rating:45Neutral
Price Target:
C$0.16
▼(-15.26% Downside)
Action:ReiteratedDate:05/01/26
The score is primarily weighed down by weak financial performance: pre-revenue operations, widening losses, and worsening TTM cash burn with potential financing risk despite low debt. Technicals are slightly improved in the near term but remain weak on longer-term trend measures, providing only modest support. Valuation remains constrained by negative earnings (negative P/E) and no indicated dividend yield.
Positive Factors
Flexible monetization model
Metallis' exploration-stage business model provides multiple durable exit routes—option/JV deals, asset sales or future royalties—allowing the company to de-risk projects by transferring capital-intensive work to partners. This optionality supports long-term value creation without requiring the company to build or operate mines, preserving strategic flexibility across commodity cycles.
Negative Factors
Persistent cash burn
Sustained negative operating and free cash flow at the -$2M TTM level creates a durable funding imperative: the company must raise capital or secure partner-funded programs to continue exploration. Recurrent cash burn increases dilution risk for shareholders and constrains the ability to pursue multiple projects or larger drill campaigns without external financing.
Read all positive and negative factors
Positive Factors
Negative Factors
Flexible monetization model
Metallis' exploration-stage business model provides multiple durable exit routes—option/JV deals, asset sales or future royalties—allowing the company to de-risk projects by transferring capital-intensive work to partners. This optionality supports long-term value creation without requiring the company to build or operate mines, preserving strategic flexibility across commodity cycles.
Read all positive factors
Metallis Resources (MTS) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$15.34M
Dividend YieldN/A
Average Volume (3M)123.89K
Price to Earnings (P/E)―
Beta (1Y)1.51
Revenue GrowthN/A
EPS Growth-60.26%
CountryCA
Employees5
SectorGeneral
Sector StrengthN/A
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.02
Shares Outstanding92,992,500
10 Day Avg. Volume63,311
30 Day Avg. Volume123,889
Financial Highlights & Ratios
PEG Ratio-0.11
Price to Book (P/B)271.38
Price to Sales (P/S)0.00
P/FCF Ratio-7.92
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
Metallis Resources Business Overview & Revenue Model
Company Description
Metallis Resources Inc. engages in the exploration and development of mineral properties in Canada. The company primarily explores for gold, copper, nickel, and silver deposits. It holds 100% interest in the Kirkham property that comprises 30 cont...
How the Company Makes Money
Metallis Resources does not operate producing mines, so it generally does not generate recurring revenue from mineral sales. Instead, its economic model is typical of an exploration-stage issuer: it seeks to create value by advancing exploration p...
Metallis Resources Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
28
Negative
Cash Flow
10
Very Negative
| Breakdown | Dec 2025 | Mar 2025 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -17.33K | -18.63K | -19.36K | -21.04K | -22.89K |
| EBITDA | -2.09M | -1.01M | -606.98K | -2.19M | -1.62M |
| Net Income | -2.10M | -1.04M | -660.83K | -736.35K | -1.65M |
Balance Sheet | |||||
| Total Assets | 300.94K | 557.97K | 109.57K | 15.01M | 13.77M |
| Cash, Cash Equivalents and Short-Term Investments | 147.22K | 518.30K | 35.82K | 578.52K | 800.79K |
| Total Debt | 87.69K | 20.50K | 57.89K | 91.11K | 19.92K |
| Total Liabilities | 242.94K | 91.29K | 195.50K | 258.82K | 68.23K |
| Stockholders Equity | 58.01K | 466.69K | -85.93K | 14.75M | 13.70M |
Cash Flow | |||||
| Free Cash Flow | -1.99M | -981.63K | -621.52K | -2.08M | -5.36M |
| Operating Cash Flow | -1.99M | -981.63K | -610.30K | -708.85K | -1.27M |
| Investing Cash Flow | 18.61K | 20.59K | 119.31K | -1.16M | -3.99M |
| Financing Cash Flow | 1.60M | 1.44M | -40.50K | 1.65M | 3.77M |
Metallis Resources Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | C$22.41M | 5.72 | 3.69% | ― | 17.34% | ― | |
50 Neutral | C$13.76M | -3.38 | ― | ― | ― | ― | |
45 Neutral | C$15.34M | -7.77 | -92.01% | ― | ― | -60.26% | |
45 Neutral | C$26.73M | -103.05 | -0.37% | ― | ― | 96.36% | |
43 Neutral | C$15.96M | -21.60 | -110.71% | ― | ― | -2850.00% |
* General Sector Average
TSE:MTS
Metallis Resources
0.17
-0.01
-8.33%
TSE:EPL
Eagle Plains Resources
0.20
0.08
62.50%
TSE:GGI
Garibaldi Resources
0.11
0.03
50.00%
TSE:TGOL
Thunder Gold
0.10
0.03
46.15%
TSE:AUME
Kintavar Exploration Inc.
0.06
0.04
266.67%
Metallis Resources Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Metallis Clarifies Finder Fees on $1.26 Million Private Placement
Positive
Mar 13, 2026
Metallis Resources Inc. has clarified that, in connection with its recently closed $1,262,000 private placement financing, it paid aggregate cash finders’ fees of $7,280 to eligible intermediaries. All other terms of the financing remain unc...
Business Operations and StrategyExecutive/Board ChangesPrivate Placements and Financing
Metallis Resources Raises $1.26 Million and Names New Exploration Chief
Positive
Mar 10, 2026
Metallis Resources has closed a $1.26 million non-brokered private placement, issuing 4,762,500 non-flow-through units and 2,500,000 flow-through shares to fund exploration and corporate purposes. Flow-through proceeds will support qualifying work...
Business Operations and StrategyPrivate Placements and Financing
Metallis Upsizes Private Placement to $1.25 Million on Strong Demand
Positive
Feb 25, 2026
Metallis Resources has upsized its previously announced non-brokered private placement to $1.25 million in response to strong investor demand. The financing now comprises up to 4.6875 million non-flow-through units at $0.16 each, and up to 2.5 mil...
Business Operations and StrategyPrivate Placements and Financing
Metallis Resources Plans $1.1 Million Financing to Restart Kirkham Exploration
Positive
Feb 24, 2026
Metallis Resources has launched a non-brokered private placement of up to $1.1 million, combining non-flow-through units with warrants and flow-through shares earmarked for Canadian exploration expenses. Proceeds will fund work across its Kirkham ...
Business Operations and Strategy
Metallis Plans Expanded 2026 Drilling to Advance High-Grade Greyhound Silver-Gold Project
Positive
Feb 19, 2026
Metallis Resources has outlined an expanded 2026 exploration program at its Greyhound Property in Idaho after completing the project’s first drill campaign and additional surface sampling. The Greyhound shear remains largely untested, but re...
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.
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