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New Age Metals (TSE:NAM)
:NAM

New Age Metals (NAM) AI Stock Analysis

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New Age Metals

(OTC:NAM)

Rating:38Underperform
Price Target:
New Age Metals' overall stock score is primarily influenced by its financial struggles, with no revenue generation and consistent losses being the most significant factors. Despite a strong balance sheet with low debt, sustainability risks due to negative cash flows are concerning. Technical indicators show limited momentum, and valuation metrics suggest the stock may be overvalued. However, recent strategic expansions in Newfoundland offer potential growth opportunities, providing a slight positive offset.

New Age Metals (NAM) vs. iShares MSCI Canada ETF (EWC)

New Age Metals Business Overview & Revenue Model

Company DescriptionNew Age Metals Inc., a mineral exploration company, engages in the acquisition, exploration, and development of platinum group metals (PGMs), and precious and base metal properties in Canada. The company explores for rhodium, palladium, platinum, gold, nickel, copper, and lithium deposits. It holds interests in the River Valley PGE project located in the Dana and Pardo townships of Northern Ontario; the Genesis PGE project located in south central Alaska; and lithium projects, which consists of 67 claims covering an area of 11,620 hectares situated to the northeast of Winnipeg, Manitoba. The company was formerly known as Pacific North West Capital Corp. and changed its name to New Age Metals Inc. in February 2017. New Age Metals Inc. was incorporated in 1996 and is headquartered in Vancouver, Canada.
How the Company Makes MoneyNew Age Metals generates revenue primarily through the exploration and development of its mineral projects. The company seeks to monetize its assets by advancing its projects to the point of sale or joint venture partnerships with larger mining companies. Key revenue streams include proceeds from the sale of mineral rights, joint venture agreements, and potential royalties from developed projects. Significant partnerships with other mining and resource companies are crucial, as they provide financial and technical support, helping to advance projects towards commercialization and ultimately contributing to the company's earnings.

New Age Metals Financial Statement Overview

Summary
New Age Metals faces significant financial challenges, as evidenced by zero revenue generation and consistent losses impacting profitability. The balance sheet remains strong due to high equity and low debt, but negative cash flows highlight sustainability risks and a reliance on external financing.
Income Statement
10
Very Negative
The company consistently reports zero revenue, highlighting a core challenge in generating sales. The persistent negative gross profit, EBIT, and net income indicate ongoing operational inefficiencies and financial struggles. The lack of revenue growth trajectory further emphasizes financial instability in its operations over the periods analyzed.
Balance Sheet
30
Negative
The company maintains a strong equity position relative to its total assets, with low total debt levels, indicating financial stability and low leverage risk. However, the recurring losses are eroding equity slightly, as seen with fluctuations in stockholders' equity. The balance sheet reflects a cautious approach with significant cash reserves, yet the inability to generate revenue or profit could strain these reserves over time.
Cash Flow
20
Very Negative
The company consistently reports negative operating and free cash flows, which are concerning. Although there is a slight improvement in free cash flow from the prior year, the lack of operating cash flow and reliance on financing activities for cash injections reflect financial vulnerability and reliance on external funding to sustain operations.
BreakdownTTMJun 2024Jun 2023Jun 2022Jun 2021Jun 2020
Income Statement
Total Revenue0.000.000.000.000.000.00
Gross Profit-47.12K-52.01K-57.88K-38.61K-46.56K-32.74K
EBITDA-653.36K-940.00K-665.00K-1.14M-666.00K-590.20K
Net Income-778.00K-658.00K-650.00K-1.18M-719.00K-631.48K
Balance Sheet
Total Assets12.93M15.44M14.63M15.12M12.86M4.72M
Cash, Cash Equivalents and Short-Term Investments3.36M2.54M4.49M7.30M8.88M1.93M
Total Debt87.48K113.08K144.32K0.0011.83K45.41K
Total Liabilities116.00K1.87M403.97K283.21K337.45K113.31K
Stockholders Equity12.81M13.57M14.22M14.84M12.52M4.61M
Cash Flow
Free Cash Flow-552.69K-2.48M-2.99M-487.77K-1.31M-1.28M
Operating Cash Flow-751.84K-1.40M-548.31K-459.77K-1.22M-729.00K
Investing Cash Flow1.08M-513.37K-2.32M-3.98M-691.87K-523.22K
Financing Cash Flow-42.00K-41.40K-34.60K2.96M8.74M2.24M

New Age Metals Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.28
Price Trends
50DMA
0.18
Positive
100DMA
0.14
Positive
200DMA
0.12
Positive
Market Momentum
MACD
0.02
Positive
RSI
58.16
Neutral
STOCH
85.00
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:NAM, the sentiment is Positive. The current price of 0.28 is above the 20-day moving average (MA) of 0.25, above the 50-day MA of 0.18, and above the 200-day MA of 0.12, indicating a bullish trend. The MACD of 0.02 indicates Positive momentum. The RSI at 58.16 is Neutral, neither overbought nor oversold. The STOCH value of 85.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:NAM.

New Age Metals Peers Comparison

Overall Rating
UnderperformOutperform
Sector (70)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
70
Neutral
¥172.64B11.056.37%3.58%3.93%6.22%
TSMKR
54
Neutral
C$6.19M-0.72%68.27%
TSNAM
38
Underperform
$15.28M-5.92%-10.16%
TSNRN
37
Underperform
C$12.40M-86.91%-200.00%
TSVLI
29
Underperform
C$5.58M-15.46%-50.72%
$9.19M-14.62%
$5.79M-15.62%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
TSE:NAM
New Age Metals
0.28
0.14
96.43%
TSE:VLI
Vision Lithium Inc
0.02
>-0.01
-33.33%
TSE:MKR
Melkior Resources
0.14
0.04
40.00%
TSE:NRN
Northern Shield Resources
0.11
0.07
175.00%
FCSMF
Focus Graphite
0.10
0.00
0.00%
ULTHF
United Lithium
0.11
-0.08
-42.11%

New Age Metals Corporate Events

Business Operations and Strategy
New Age Metals Expands Gold-Antimony Holdings in Newfoundland
Positive
Mar 20, 2025

New Age Metals Inc. has expanded its strategic gold-antimony land package in central Newfoundland by acquiring 42 additional mineral claims, covering 1,050 hectares. These new properties are strategically located along the geological trend of the Beaver Brook Antimony Mine and near New Found Gold Corp.’s Queensway South Project. This expansion increases NAM’s total land holdings in Newfoundland to 19,125 hectares, positioning the company for potential new mineral discoveries amid rising gold and antimony prices. The company plans to conduct aggressive fieldwork in summer 2025, focusing on the Fastness and Palisade properties, which are located in highly prospective geological settings.

Business Operations and Strategy
New Age Metals Stakes New Gold-Antimony Properties in Newfoundland
Positive
Feb 27, 2025

New Age Metals Inc. has successfully staked 723 mineral claims, covering 18,075 hectares in Newfoundland and Labrador, positioning itself for potential new discoveries of gold and antimony. This strategic move aligns with the company’s focus on exploring critical metals in under-explored areas, particularly as gold prices reach historic highs and antimony becomes increasingly valuable due to export restrictions from China. The company plans to begin field exploration by late spring to early summer 2025, aiming to leverage favorable market trends and geological conditions.

Business Operations and Strategy
New Age Metals Expands Operations to Newfoundland and Labrador
Positive
Feb 20, 2025

New Age Metals Inc. has officially registered to conduct business in Newfoundland and Labrador, marking a strategic expansion of its operations. The company is actively pursuing acquisitions in gold, copper, uranium, antimony, and other critical minerals in the province. This move aligns with NAM’s strategy to enhance its portfolio with new strategic metal projects, leveraging Newfoundland and Labrador’s supportive environment for mineral exploration. NAM continues to develop its flagship Platinum Group Metal Project in Sudbury and maintains a partnership in its Manitoba lithium division with a leading global producer.

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.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower 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.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: May 03, 2025