Meryllion Resources (MYR) AI Stock Analysis

• Market Cap: C$3.92M
• Dividend Yield: N/A
• Average Volume (3M): 115.41K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.92
• Revenue Growth: N/A
• EPS Growth: 71.86%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): N/A
• Shares Outstanding: 87,058,790
• 10 Day Avg. Volume: 331,131
• 30 Day Avg. Volume: 115,409
• PEG Ratio: 0.26
• Price to Book (P/B): 13.16
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -3.84
• 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: 43 Neutral
• Price Target: C$0.04 ▼(-28.33% Downside)
• Action: Reiterated Date: 03/17/26
• Date: Action: Reiterated 03/17/26

The score is primarily held down by weak financial performance (no revenue, persistent losses, and ongoing cash burn) and elevated leverage relative to equity, which increases funding risk. Technical indicators are also soft (below key moving averages with negative MACD and subdued RSI). Valuation provides limited support because the negative P/E reflects continued losses and no dividend yield is available.

Positive Factors

Balance sheet improvement to positive equity

Moving from negative to positive equity (TTM equity 354,602) materially reduces immediate solvency concerns and provides a firmer capital base to fund near-term operations. This structural improvement lowers short-term default risk and improves access to financing versus a prior distressed balance sheet.

Improving free cash flow trend

An FCF growth metric of 0.815 and FCF closely tracking net loss indicates cash performance is improving versus prior periods and not being masked by large non-cash items. If maintained, this suggests better cash discipline and a firmer runway, reducing reliance on frequent dilutive financings.

Reduction from unusually large prior loss

Trend toward smaller net losses from the 2023 peak shows progress in cost control or scaled activity levels. This reduces cumulative funding needs and, if sustained, improves the visibility of a path to break-even versus an earlier period of outsized losses that strained balance sheet metrics.

Negative Factors

No revenue / pre-revenue status

A sustained zero-revenue profile means the company lacks operating cash generation and market-validated sales, leaving the business model unproven. Over a 2–6 month horizon this structural absence of revenue elevates execution risk and keeps the company dependent on external funding.

Persistent negative operating cash flow

Continued negative operating and free cash flows indicate the business is consuming liquidity rather than generating it. This durable cash burn necessitates external financing or asset sales, increasing dilution or refinancing risk until positive cash generation or revenue materializes.

Elevated leverage for a loss-making firm

A debt-to-equity ratio near 1.6 for a pre-revenue, loss-making enterprise materially raises refinancing risk and limits strategic flexibility. High leverage increases probability of onerous funding terms or further dilution if operating losses persist, stressing medium-term financial durability.

Meryllion Resources Business Overview & Revenue Model

Company Description

Meryllion Resources Corp., a natural resource company, engages in the acquisition and exploration of resource properties. It has an option to acquire a 100% interest in the Oldham Range base and battery metal exploration property covering an area of approximately 14,700 hectares located in Western Australia. The company was incorporated in 2013 and is headquartered in Toronto, Canada.

How the Company Makes Money

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Meryllion Resources Financial Statement Overview

Summary

Weak fundamentals: TTM shows no revenue and continued losses (EBIT -458,238; net loss -467,681) with ongoing cash burn (operating cash flow and free cash flow about -427k). The balance sheet improved to positive equity (354,602) from prior negative equity, but leverage is high for a loss-making, pre-revenue company (debt 262,460; debt-to-equity ~1.61), keeping funding risk elevated.

Income Statement

TTM (Trailing-Twelve-Months) results show no revenue and continued operating losses (EBIT of -458,238; net loss of -467,681). Losses have not meaningfully narrowed versus prior annual periods (2024 net loss -328,000; 2025 annual net loss -410,948), indicating the business is still in a pre-revenue/early-stage phase with limited visibility on the path to profitability. The main positive is that recent net losses are well below the unusually large 2023 loss (-759,000), but overall earnings quality remains weak.

Balance Sheet

The balance sheet has improved from a stressed position in 2023 when equity was negative (-150,082) to positive equity in the latest periods (TTM equity 354,602). However, leverage is elevated for a loss-making, zero-revenue company: total debt is 262,460 in TTM and the debt level is high relative to equity (debt-to-equity ~1.61). Total assets have increased (TTM 872,132), but returns remain deeply negative (TTM return on equity -2.60), highlighting dilution/financing risk if losses persist.

Cash Flow

Cash generation is a key weakness: TTM operating cash flow is negative (-427,282) and free cash flow is also negative (-427,280), meaning operations continue to consume cash. Free cash flow improved versus the latest annual period (free cash flow growth of 0.815 in TTM), but the company still relies on external funding to sustain operations. Cash flow remains closely tied to losses (free cash flow to net income ~1.0), offering limited evidence of improving underlying cash economics.

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	0.00
EBITDA	-410.95K	-328.00K	-260.00K	-392.00K	-540.00K
Net Income	-410.95K	-328.00K	-759.00K	-394.00K	-541.00K
Balance Sheet
Total Assets	519.83K	330.64K	94.74K	587.21K	612.57K
Cash, Cash Equivalents and Short-Term Investments	16.71K	20.20K	69.91K	66.55K	554.62K
Total Debt	215.00K	75.00K	42.26K	0.00	0.00
Total Liabilities	386.28K	281.65K	244.82K	83.00K	241.22K
Stockholders Equity	133.54K	48.99K	-150.08K	504.21K	371.35K
Cash Flow
Free Cash Flow	-457.76K	-332.25K	-124.33K	-867.65K	-186.16K
Operating Cash Flow	-457.76K	-332.25K	-124.33K	-422.11K	-153.22K
Investing Cash Flow	-181.23K	-56.76K	-10.57K	-445.54K	-32.93K
Financing Cash Flow	635.50K	339.29K	138.26K	379.57K	713.34K

Meryllion Resources Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.06
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:MYR, the sentiment is Negative. The current price of 0.06 is above the 20-day moving average (MA) of 0.05, below the 50-day MA of 0.06, and above the 200-day MA of 0.05, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 44.16 is Neutral, neither overbought nor oversold. The STOCH value of 44.44 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:MYR.

Meryllion 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%
BOLT	49 Neutral	C$4.08M	-0.09	-177.84%	―	―	36.64%
CCB	46 Neutral	C$3.63M	-5.42	94.07%	―	―	-73.91%
MYR	43 Neutral	C$3.92M	-9.21	-185.95%	―	―	71.86%
VTT	42 Neutral	C$3.63M	-6.17	-12.20%	―	―	15.00%
ULT	32 Underperform	C$2.87M	-2.87	-58.50%	―	―	-123.85%

Meryllion Resources Corporate Events

Meryllion Resources Seeks Up to $2.18 Million via Listed Issuer Financing

Meryllion Resources Corporation has launched a non-brokered private placement under the listed issuer financing exemption, offering between 20,000,000 and 43,500,000 units at $0.05 per unit. Each unit comprises one common share and one warrant exercisable at $0.07 for 36 months, with no Canadian hold period on the resulting securities.

The raise will generate minimum gross proceeds of $1,000,000 and up to a maximum of $2,175,000, with the initial closing expected on or about March 27, 2026. The structure allows the company to access capital efficiently across most Canadian provinces and certain offshore markets, potentially strengthening its liquidity and market position as its shares last closed at $0.055 on the CSE.

The most recent analyst rating on (TSE:MYR) stock is a Sell with a C$0.05 price target. To see the full list of analyst forecasts on Meryllion Resources stock, see the TSE:MYR Stock Forecast page.

Meryllion Begins Drilling at Tasmanian Rare Earth Project, Eyes Nevada Permitting

Meryllion Resources has begun drilling at its ionic adsorption clay-hosted rare earth project in northeastern Tasmania, following earlier surface sampling that returned total rare earth grades of up to roughly 3,500 ppm with elevated dysprosium and terbium and low radioactive elements. The company is conducting about 400 metres of wide-spaced reconnaissance RAB drilling to shallow depths across multiple target areas, with samples to be analyzed by ALS Chemex and assay results expected within about 60 days, which could clarify the scale and quality of its rare earths potential near existing ABx Group discoveries.

In parallel, Meryllion plans to start the permitting process in the first quarter of 2026 for drilling at its Makenzie project in Nye County, Nevada, described as one of the largest untested antimony, gold and silver projects in the state. Advancing both the Tasmanian rare earths program and the Nevada polymetallic project underscores the company’s strategy to build a portfolio of critical and precious metal assets, which, if exploration is successful, could enhance its standing in the rare earths and strategic metals sectors and attract increased interest from investors and downstream users.

The most recent analyst rating on (TSE:MYR) stock is a Hold with a C$0.05 price target. To see the full list of analyst forecasts on Meryllion Resources stock, see the TSE:MYR Stock Forecast page.

Meryllion Resources Grants 8.4 Million Stock Options to Insiders and Consultants

Meryllion Resources has granted 8.4 million stock options to its officers, directors and consultants under its stock option plan, with each option allowing the purchase of one common share at $0.08 over three years, vesting immediately and subject to a four-month-plus-one-day hold period. The sizeable option grant aligns management and key advisors with shareholder interests as the company advances its Nevada gold-silver-antimony asset and strategically located rare earths projects in Tasmania, underlining its efforts to strengthen internal incentives while it seeks to build a position in both precious metals and critical minerals markets.

Meryllion Resources Taps Ellis Martin Report for Investor Awareness Push

Meryllion Resources has signed a six-month investor awareness and media services agreement with Martin City Studios, operator of The Ellis Martin Report, to boost its visibility among investors through audio interview content distributed across broadcast and digital platforms. As part of the arrangement, which is subject to final approval by the Canadian Securities Exchange, Martin City Studios will receive a US$15,000 cash fee and stock options for 300,000 Meryllion shares, underscoring the company’s push to raise its profile as it advances exploration at its Nevada gold-silver-antimony project and rare earths assets in Tasmania.

Meryllion Resources Raises $575,750 to Advance Rare Earths and Gold Exploration

Meryllion Resources has closed the second tranche of its non-brokered private placement, issuing 5,875,000 common shares at $0.05 each for proceeds of $293,750, bringing total funds raised under the placement to $575,750, subject to final approval from the Canadian Securities Exchange and standard hold periods. The capital, including a significant but MI 61-101–exempt insider participation of $200,000, will finance exploration and working capital as the company prepares to launch a drilling campaign at its ionic adsorption clay rare earths project in northeastern Tasmania, positioning Meryllion to capitalize on increasing global demand for rare earths and potentially strengthen its standing in the critical metals exploration space.

Meryllion Resources Extends Expiry of Nearly 8 Million Share Purchase Warrants

Meryllion Resources has extended the expiry date of 7,984,025 common share purchase warrants issued in a January 2024 private placement, moving their termination from January 8, 2026 to July 8, 2026 while keeping the exercise price at $0.07 and all other terms unchanged. The extension, which still requires final Canadian Securities Exchange approval but has received an exemption from a key CSE policy condition, effectively gives existing warrant holders— including a director who beneficially owns a large block of the warrants—additional time to participate in potential equity upside, providing the company with more flexibility to secure future capital without altering current dilution terms and underscoring its ongoing funding strategy for advancing its Nevada and Australian exploration assets.

Meryllion Raises $282,000 in First Tranche of Private Placement for Exploration Push

Meryllion Resources has closed the first tranche of its previously announced non-brokered private placement, issuing 5.64 million common shares at $0.05 per share to raise gross proceeds of $282,000, subject to Canadian Securities Exchange approval and a standard four-month-plus-one-day hold period. The funds, some of which were subscribed by company insiders under related-party transaction exemptions, will be used to advance exploration activities and support working capital, bolstering Meryllion’s ability to develop its Nevada gold-silver-antimony project and Tasmanian rare earths assets amid growing interest in both precious and critical minerals.