New Age Metals (NAM) AI Stock Analysis

• Market Cap: $15.29M
• Dividend Yield: N/A
• Average Volume (3M): 38.09K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.22
• Revenue Growth: N/A
• EPS Growth: -10.16%
• Country: CA
• Employees: 10
• Sector: Basic Materials
• Sector Strength: 73
• Industry: Industrial Materials
• EPS (TTM): >-0.01
• Shares Outstanding: 55,599,260
• 10 Day Avg. Volume: 37,928
• 30 Day Avg. Volume: 38,090
• PEG Ratio: -2.06
• Price to Book (P/B): 1.08
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -25.13
• 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

• Rating: 38 Underperform
• 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 Business Overview & Revenue Model

Company Description

New 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 Money

New 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

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

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

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.

Breakdown	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00
Gross Profit	-52.01K	-57.88K	-38.61K	-46.56K	-32.74K
EBITDA	-940.00K	-665.00K	-1.14M	-666.00K	-590.20K
Net Income	-658.00K	-650.00K	-1.18M	-719.00K	-631.48K
Balance Sheet
Total Assets	15.44M	14.63M	15.12M	12.86M	4.72M
Cash, Cash Equivalents and Short-Term Investments	2.54M	4.49M	7.30M	8.88M	1.93M
Total Debt	113.08K	144.32K	0.00	11.83K	45.41K
Total Liabilities	1.87M	403.97K	283.21K	337.45K	113.31K
Stockholders Equity	13.57M	14.22M	14.84M	12.52M	4.61M
Cash Flow
Free Cash Flow	-2.48M	-2.99M	-487.77K	-1.31M	-1.28M
Operating Cash Flow	-1.40M	-548.31K	-459.77K	-1.22M	-729.00K
Investing Cash Flow	-513.37K	-2.32M	-3.98M	-691.87K	-523.22K
Financing Cash Flow	-41.40K	-34.60K	2.96M	8.74M	2.24M

New Age Metals Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.28
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

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 0.27, above the 50-day MA of 0.24, and above the 200-day MA of 0.13, indicating a bullish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 55.80 is Neutral, neither overbought nor oversold. The STOCH value of 52.78 is Neutral, 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MKR	54 Neutral	C$6.52M	―	-0.72%	―	―	68.27%
Sector *	44 Neutral	C$980.54M	-6.82	-13.68%	1.81%	17.37%	-32.98%
NAM	38 Underperform	$15.29M	―	-5.92%	―	―	-10.16%
NRN	37 Underperform	C$9.58M	―	-86.91%	―	―	-200.00%
VLI	29 Underperform	C$6.98M	―	-15.46%	―	―	-50.72%
FCSMF	―	$8.98M	―	-14.62%	―	―	―
ULTHF	―	$4.55M	―	-15.62%	―	―	―

New Age Metals Corporate Events

New Age Metals Expands Gold-Antimony Holdings in Newfoundland

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.

New Age Metals Stakes New Gold-Antimony Properties in Newfoundland

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.

New Age Metals Expands Operations to Newfoundland and Labrador

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.