Nevada Sunrise Gold (NEV) AI Stock Analysis

• Market Cap: C$4.42M
• Dividend Yield: N/A
• Average Volume (3M): 176.08K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.10
• 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: 41 Neutral
• Price Target: C$0.03 ▼(-45.00% Downside)
• Action: Reiterated Date: 03/20/26
• Date: Action: Reiterated 03/20/26

The score is held down primarily by weak financial performance (pre-revenue operations, recurring losses, and continued cash burn alongside a shrinking equity base). Technicals add pressure with price below key moving averages and negative momentum, while valuation offers limited support due to a negative P/E and no dividend yield data.

Positive Factors

Low leverage

Effectively zero debt materially reduces fixed financial obligations and interest burden, preserving flexibility to allocate scarce capital to exploration and property advancement. Over a 2-6 month horizon this strengthens solvency and lowers bankruptcy risk versus peers with leverage.

Nevada-focused exploration strategy

A concentrated Nevada focus provides a clear, consistent business model centered on early-stage gold exploration and property advancement. This specialization supports repeatable project workflows, partner attraction, and permitting familiarity, which are durable operational advantages.

Recent reduction in annual losses

The step-down in annual net losses from 2023 to 2024–2025 suggests management executed cost controls or scaled activity more efficiently. Sustained expense discipline can extend runway and improve odds of reaching financeable milestones without immediate dilutive raises.

Negative Factors

Pre-revenue operations

Being pre-revenue means no internal earnings to fund exploration or G&A, forcing ongoing reliance on external capital. This structural lack of revenue makes the business dependent on financing cycles and partner deals, increasing execution and funding risk over months.

Shrinking equity base

A materially reduced equity base weakens the company’s capital cushion and reduces flexibility to absorb further losses or fund exploration internally. Over the medium term this heightens the probability of dilutive financings or less favorable partner terms to secure needed capital.

Persistent negative cash flow

Consistent negative operating and free cash flows indicate ongoing cash burn to fund activities. Without revenue, the company must raise cash externally, which can be dilutive and limit the pace of exploration or property advancement if markets or partners are constrained.

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

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Nevada Sunrise Gold Financial Statement Overview

Summary

Financial profile is weak: the company remains pre-revenue with recurring net losses and ongoing cash burn. Positives include effectively zero debt, but the equity base has shrunk materially and TTM losses widened again, signaling continued funding and sustainability risk.

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$14.66M	-2.62	-142.98%	―	―	70.98%
ABZ	48 Neutral	C$6.78M	-39.16	―	―	―	37.33%
RKR	48 Neutral	C$8.92M	-6.86	35.32%	―	―	91.92%
SIEN	45 Neutral	C$3.88M	-3.00	-54.40%	―	―	51.40%
SRI	44 Neutral	C$5.45M	-13.39	-4.20%	―	―	95.92%
NEV	41 Neutral	C$4.42M	-1.72	-4.44%	―	―	―

Nevada Sunrise Gold Corporate Events

Nevada Sunrise Confirms Griffon Gold Grades and Uncovers Carlin-Type Pathfinder Halo

Nevada Sunrise Metals reported results from a detailed geochemical resampling of four historical drill holes at its Griffon Gold Mine Project in Nevada, confirming substantial near-surface oxide gold mineralization previously identified in 2020 drilling. The flagship hole GF20-3 returned 1.013 grams per tonne gold over 50.2 metres, closely matching past results, while a second hole, GF20-2, also duplicated earlier gold grades, supporting the reliability of the historical data.

Beyond confirming prior gold grades, the 2025 resampling revealed strong correlations between gold and classic Carlin-type pathfinder elements such as arsenic, antimony, mercury, thallium, and tellurium, particularly in hole GF20-3. Elevated pathfinder values in altered but low-gold sections of other holes suggest the presence of an alteration halo, giving Nevada Sunrise new geochemical vectors to guide drill targeting and potentially expand mineralization at Griffon, which could enhance the project’s exploration upside and strategic value.

The most recent analyst rating on (TSE:NEV) stock is a Sell with a C$0.04 price target. To see the full list of analyst forecasts on Nevada Sunrise Gold stock, see the TSE:NEV Stock Forecast page.

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.