Nevada Sunrise Gold (NEV) AI Stock Analysis

• Market Cap: C$5.68M
• Dividend Yield: N/A
• Average Volume (3M): 176.08K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.09
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: CA
• Employees: 2
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): N/A
• Shares Outstanding: 126,256,874
• 10 Day Avg. Volume: 212,778
• 30 Day Avg. Volume: 176,083
• PEG Ratio: -0.07
• Price to Book (P/B): 2.95
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -5.45
• 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 ▼(-35.00% Downside)
• Action: Reiterated Date: 03/10/26
• Date: Action: Reiterated 03/10/26

The score is driven primarily by weak financial performance (pre-revenue operations, recurring losses, and continued cash burn), compounded by bearish technicals with the stock trading below major moving averages. Low debt helps reduce balance-sheet risk, but a shrinking equity base and the lack of meaningful valuation support (negative P/E; no dividend yield provided) keep the overall score low.

Positive Factors

Low leverage

Zero or negligible debt reduces fixed interest obligations and lowers solvency risk, giving the company structural financial flexibility. For an exploration firm, low leverage preserves runway to fund project work and avoids interest-driven constraints over the medium term.

Lean operating structure

A two-person employee base keeps fixed overhead minimal, enabling the company to allocate scarce capital toward exploration activities. Low staffing reduces recurring cash burn, lengthens operational runway between financings, and supports nimble project prioritization.

Improving loss trend

Reported net losses narrowed materially year-over-year in the annual series, indicating management has reduced outflows or optimized spending. Sustained reduction in annual losses demonstrates improving cost discipline and supports a clearer pathway to extend operations while pursuing exploration milestones.

Negative Factors

Pre-revenue model

Being pre-revenue means no operational cash inflows from assets; intrinsic value hinges on successful exploration results or asset dispositions. This long horizon to revenue creates persistent financing needs and execution risk, making sustainable progress contingent on discovery or partner deals.

Negative cash generation

Operating and free cash flow are substantially negative on a trailing basis, reflecting ongoing cash burn to fund exploration. Persistent negative cash generation forces reliance on external financing, increasing dilution risk and constraining the ability to advance projects without additional capital.

Shrinking equity base

Equity has fallen sharply over recent periods, eroding the capital cushion available to absorb further losses or fund exploration. A reduced equity base heightens funding vulnerability and raises the likelihood of dilutive financing if cash outflows continue, weakening long-term resilience.

Nevada Sunrise Gold Business Overview & Revenue Model

Company Description

Nevada Sunrise Metals Corporation, a junior mineral exploration company, engages in the acquisition, exploration, and evaluation of mineral properties in Nevada, the United States. It explores for gold, copper, cobalt, and lithium minerals. The company's flagship project is the Kinsley Mountain property comprising 513 unpatented lode claims and 5 additional leased patents covering an area of 10,280 acres located in White Pine County. The company was formerly known as Nevada Sunrise Gold Corporation and changed its name to Nevada Sunrise Metals Corporation in September 2022. Nevada Sunrise Metals Corporation is headquartered in Vancouver, Canada.

How the Company Makes Money

Nevada Sunrise Gold Financial Statement Overview

Summary

Overall fundamentals are weak due to a pre-revenue business model with recurring net losses and ongoing cash burn (negative operating cash flow and free cash flow, including sizable TTM outflows). The main offsetting strength is a low-leverage balance sheet (effectively no debt), but the equity base has shrunk materially, increasing sustainability and funding risk until revenue or materially lower cash outflows emerge.

Income Statement

Operations remain pre-revenue (revenue is 0 across all periods), with consistently negative profitability. Losses improved meaningfully from 2023 (net loss of about -2.73M) to 2024 (-0.60M) and were still smaller in 2025 annual (-0.92M), but TTM (Trailing-Twelve-Months) widened again to about -1.57M. Overall, the trend shows intermittent progress but no clear path to sustainable earnings without revenue generation.

Balance Sheet

Leverage is a clear strength: debt is effectively zero in recent periods, reducing financial risk and interest burden. However, the equity base has declined materially from ~3.81M (2022) to ~1.08M in TTM (Trailing-Twelve-Months), reflecting ongoing losses and weakening capital cushion. Returns on equity are negative in most periods (notably very weak in 2021 and 2023), indicating shareholder value has been pressured despite the low-debt profile.

Cash Flow

Cash generation is weak, with operating cash flow and free cash flow consistently negative, indicating ongoing cash burn to fund operations. While free cash flow has improved versus the heavy outflow in 2023 (less negative in 2024 and 2025 annual), TTM (Trailing-Twelve-Months) still shows substantial outflows (operating cash flow about -1.27M; free cash flow about -1.38M). Free cash flow has generally tracked net income (often slightly better), but the company still depends on external funding over time given the lack of revenue.

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	-473.00	-7.46K	0.00	-1.32K	-1.54K
EBITDA	-922.90K	-588.00K	-2.34M	418.70K	-2.10M
Net Income	-923.38K	-595.00K	-2.73M	418.70K	-2.00M
Balance Sheet
Total Assets	1.27M	2.11M	2.00M	3.96M	1.20M
Cash, Cash Equivalents and Short-Term Investments	1.15M	443.85K	341.80K	2.29M	112.27K
Total Debt	0.00	0.00	0.00	2.13K	85.67K
Total Liabilities	129.67K	158.02K	310.12K	153.26K	754.90K
Stockholders Equity	1.14M	1.95M	1.69M	3.81M	444.92K
Cash Flow
Free Cash Flow	-617.10K	-1.01M	-2.60M	-2.22M	-1.91M
Operating Cash Flow	-614.26K	-849.73K	-2.47M	-1.60M	-1.85M
Investing Cash Flow	1.42M	438.74K	72.50K	1.02M	257.99K
Financing Cash Flow	0.00	473.79K	589.42K	2.55M	491.58K

Nevada Sunrise Gold 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%
SKP	50 Neutral	C$15.29M	-2.62	-142.98%	―	―	70.98%
ABZ	48 Neutral	C$7.03M	-39.16	―	―	―	37.33%
RKR	48 Neutral	C$9.91M	-6.86	35.32%	―	―	91.92%
SIEN	45 Neutral	C$4.74M	-3.00	-54.40%	―	―	51.40%
SRI	44 Neutral	C$5.45M	-13.39	-4.20%	―	―	95.92%
NEV	43 Neutral	C$5.68M	-1.72	-4.44%	―	―	―

Nevada Sunrise Gold Corporate Events

Nevada Sunrise Grants 3.25 Million Stock Options to Align Team with Exploration Strategy

Nevada Sunrise Metals Corporation has granted 3,250,000 stock options to its directors, officers and consultants, exercisable at C$0.05 per share for five years under the terms of its stock option plan. The equity incentive move is designed to align management and key personnel with shareholder interests and support the company’s ongoing exploration efforts across its gold, copper and lithium assets in Nevada, potentially strengthening its ability to retain talent and advance its multi-commodity exploration strategy.

Nevada Sunrise Advances Griffon Gold Project with Completion of Fall 2025 Surface Exploration

Nevada Sunrise Metals has completed its Fall 2025 surface exploration program at the past-producing Griffon Gold Mine Project in Nevada, carrying out extensive soil sampling, high-resolution ground magnetics, and 3D induced polarization/audiomagnetotelluric surveys based on AI-assisted targeting from VRIFY Technology. The company expects the new geochemical and geophysical results, along with re-assays of historical drill cuttings for multi-element pathfinder data, to refine drill targets for a planned 2026 campaign, while a submitted Plan of Operations is under US Forest Service review, marking a key step toward advancing Griffon within the competitive Battle Mountain–Eureka gold belt.