Northern Lights Resources (NLR) AI Stock Analysis

• Market Cap: C$5.48M
• Dividend Yield: N/A
• Average Volume (3M): 115.95K
• Price to Earnings (P/E): ―
• Beta (1Y): -1.30
• Revenue Growth: N/A
• EPS Growth: -202.42%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): >-0.01
• Shares Outstanding: 68,488,700
• 10 Day Avg. Volume: 157,847
• 30 Day Avg. Volume: 115,954
• PEG Ratio: >-0.01
• Price to Book (P/B): -12.84
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -6.49
• 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$0.08 ▼(-35.83% Downside)

The score is primarily constrained by weak financial performance: no revenue, recurring losses, and a history of negative free cash flow. Technicals also remain bearish with the stock trading below key short- and mid-term moving averages and negative momentum. Low leverage and a rebound to positive equity in TTM provide some support but do not outweigh the ongoing funding and execution risk.

Positive Factors

Low Leverage / No Debt

A no-debt position reduces interest and covenant risk and preserves flexibility for capital raises or joint ventures. For an exploration company that needs episodic funding, low leverage materially lowers near-term solvency risk and supports optionality to fund programs or negotiate asset transactions.

Operating Cash Flow Turnaround (TTM)

Positive operating cash flow in the trailing twelve months suggests improved cash management or lower operating outflows versus prior periods. If sustained, operating cash inflows can extend runway and reduce near-term financing needs even while capex or investing keeps free cash flow negative.

Exploration Business Model Optionality

As an early-stage mineral explorer, the firm's model creates asymmetric upside via discovery or farm-out/sale transactions. Structural optionality means successful drilling or geologic confirmation can rapidly re-rate asset value independent of near-term revenue generation.

Negative Factors

Pre-Revenue and Recurring Losses

Having no revenue base and recurring operating losses is a persistent structural weakness; it forces continuous external funding, increases shareholder dilution risk, and places the company dependent on the pace and success of exploration outcomes to ever reach self-sustaining operations.

Negative Free Cash Flow & Historical Cash Burn

Consistent negative free cash flow across multiple years signals chronic cash burn that undermines long-term funding stability. This structural cash deficit forces reliance on equity or debt raises, increasing dilution or financing costs and constraining ability to complete multi-year exploration programs.

Balance Sheet Volatility and Shrinking Assets

Swinging equity and a materially smaller asset base indicate prior capital erosion and balance sheet instability. Such volatility reduces credibility with partners and lenders, limits collateral for financing, and raises execution risk when attempting to advance or monetize exploration projects.

Northern Lights Resources Business Overview & Revenue Model

Company Description

Northern Lights Resources Corp. engages in the acquisition, evaluation, and exploration of mineral resource properties in the United States. The company explores for gold, silver, zinc, and lead deposits. It holds a 100% interest in the Medicine Springs project consists of 149 unpatented federal mineral claims covering an area of approximately 1,189 hectares located in southeastern Elko County, Nevada; and the Secret Pass Gold project, which includes 84 unpatented lode mining claims covering an area of approximately 868 hectares located in northwestern Arizona. The company was formerly known as Northern Lights Uranium Corp. and changed its name to Northern Lights Resources Corp. in April 2008. Northern Lights Resources Corp. was incorporated in 2007 and is headquartered in Vancouver, Canada.

How the Company Makes Money

Northern Lights Resources makes money through the exploration and development of mineral deposits, primarily focusing on gold and silver. The company generates revenue by discovering valuable mineral resources and advancing these projects to attract investment or potential buyers. Key revenue streams include selling or leasing exploration rights, forming joint ventures with larger mining companies, and eventually, if successful, extracting and selling the minerals themselves. Partnerships with other mining companies and financial institutions play a significant role in funding exploration activities and sharing risks. Additionally, the company's ability to raise capital through public or private offerings is crucial to sustaining its operations during the exploration phase when direct revenue from mineral sales is not yet realized.

Northern Lights Resources Financial Statement Overview

Summary

Overall financials are weak: the company is pre-revenue with recurring net losses and historically negative free cash flow, implying continued funding reliance. Offsetting factors are low reported debt and equity returning positive in TTM, but prior negative equity in FY2025 and shrinking assets indicate elevated execution and financing risk.

Income Statement

The company remains pre-revenue (revenue is 0 across all periods), with persistent operating losses. TTM (Trailing-Twelve-Months) results show deeply negative profitability (EBIT and net income both materially negative), and annual net losses have been recurring from 2021–2025. A modest positive in the history is that the 2023 annual net loss was smaller than surrounding years, but overall earnings trajectory remains weak and volatile with no revenue base yet.

Balance Sheet

Leverage is currently low with no debt reported in TTM (Trailing-Twelve-Months), which reduces near-term financial risk. However, balance sheet quality is mixed: stockholders’ equity turned negative in FY2025 (a major red flag), then shows positive equity again in TTM, indicating meaningful fluctuations likely tied to financing and losses. Total assets have also stepped down materially from earlier years, signaling a smaller capital base today versus prior periods.

Cash Flow

Cash generation is unstable. TTM (Trailing-Twelve-Months) shows positive operating cash flow, but free cash flow is still negative, and free cash flow growth is sharply down versus the prior period. Prior annual periods (2021–2025) show consistently negative operating and free cash flow, implying ongoing cash burn and reliance on external funding to sustain operations.

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	-376.19K	-894.00K	464.96K	-598.00K	-917.00K
Net Income	-1.93M	-972.00K	-166.00K	-1.16M	-917.00K
Balance Sheet
Total Assets	658.41K	2.61M	3.75M	2.73M	2.11M
Cash, Cash Equivalents and Short-Term Investments	1.05K	469.39K	804.18K	24.41K	427.82K
Total Debt	0.00	389.83K	1.01M	788.09K	0.00
Total Liabilities	755.43K	1.01M	1.46M	1.05M	131.13K
Stockholders Equity	-97.02K	1.60M	2.30M	1.68M	1.98M
Cash Flow
Free Cash Flow	-191.75K	-113.56K	-337.13K	-410.97K	-927.80K
Operating Cash Flow	-191.75K	-113.56K	-337.13K	-410.97K	-927.80K
Investing Cash Flow	-4.82K	-2.86K	109.40K	-958.52K	-645.99K
Financing Cash Flow	193.24K	96.62K	227.50K	966.09K	2.00M

Northern Lights Resources Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.12
• 50DMA: Negative
• 100DMA: Negative
• 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:NLR, the sentiment is Neutral. The current price of 0.12 is above the 20-day moving average (MA) of 0.08, above the 50-day MA of 0.09, and above the 200-day MA of 0.06, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 46.42 is Neutral, neither overbought nor oversold. The STOCH value of 50.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:NLR.

Northern Lights 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%
GR	50 Neutral	C$10.80M	-2.67	―	―	―	-39.62%
ASHL	49 Neutral	C$5.01M	―	-81.50%	―	―	―
BEA	46 Neutral	C$5.96M	-4.79	-33.24%	―	―	-45.45%
NLR	43 Neutral	C$5.48M	-1.98	-284.00%	―	―	-202.42%
GCP	43 Neutral	C$5.02M	-5.81	-59.00%	―	―	-122.13%

Northern Lights Resources Corporate Events

Northern Lights Sharpens U.S. Gold-Silver Strategy With Nevada Royalty and Arizona Flagship

Northern Lights Resources has outlined the strategic importance of its U.S. portfolio, emphasizing a 1% net smelter return royalty on the Medicine Springs Project in Nevada and its 100%-owned Secret Pass Gold Project in Arizona. The Medicine Springs royalty, over a polymetallic system being advanced by producer Torex Gold, is framed as a non-dilutive asset that gives Northern Lights long-term optionality and leverage to any future development or transaction without requiring additional capital. At Secret Pass, in the historic Oatman–Katherine gold district, the company plans a technically driven 2026 exploration program built on historical drilling, sampling and geophysics, including an integrated data review, refined geological modelling and a full recompilation led by award-winning geologist Steven McMullan. Management argues that elevated gold prices, the restart of nearby mines and the underexplored nature of the district provide a favourable backdrop, positioning Northern Lights with dual value-creation pathways through direct exploration upside at Secret Pass and royalty exposure at Medicine Springs while maintaining capital discipline.

The most recent analyst rating on (TSE:NLR) stock is a Hold with a C$0.10 price target. To see the full list of analyst forecasts on Northern Lights Resources stock, see the TSE:NLR Stock Forecast page.

Northern Lights Resources Sets Stage for Catalyst-Driven 2026 After Foundational Year

Northern Lights Resources reported a year of foundational work in 2025, emphasizing disciplined exploration, technical validation and strategic portfolio management across its copper-gold and gold assets. The company advanced data compilation, field programs, permitting and logistical planning to bring its key projects, including Horetzky in British Columbia and Pup in Yukon, to drill-ready status, while highlighting near-term potential at the Secret Pass gold project in Arizona and value from its royalty interest in Nevada. Management signaled that with a stronger technical framework and a tight capital structure now in place, 2026 is expected to be a catalyst-heavy year focused on execution, stepped-up exploration activity and increased news flow, positioning the company for potential value creation and heightened investor engagement.

The most recent analyst rating on (TSE:NLR) stock is a Hold with a C$0.10 price target. To see the full list of analyst forecasts on Northern Lights Resources stock, see the TSE:NLR Stock Forecast page.

Northern Lights Resources Closes Upsized Private Placement Amid Strong Investor Demand

Northern Lights Resources has successfully closed an upsized non-brokered private placement, raising C$400,000 in response to strong investor demand. The proceeds will be directed toward advancing the company’s exploration activities on its mineral properties and general corporate purposes, positioning the company to unlock further value from its projects and drive shareholder confidence.

Northern Lights Resources Upsizes Private Placement Amid Strong Demand

Northern Lights Resources Corp has announced an increase in its non-brokered private placement to C$400,000 due to strong investor demand. The proceeds will be used for exploration and general corporate purposes, with no finders fees applicable. This move indicates a positive investor sentiment and could enhance the company’s exploration capabilities and market positioning.

Northern Lights Resources Initiates C$350,000 Private Placement for Exploration

Northern Lights Resources Corp has announced a non-brokered private placement to raise up to C$350,000 through the issuance of units priced at $0.10 each. The proceeds will be used for exploration and general corporate purposes, with the offering’s securities subject to a hold period under Canadian securities laws. This move is expected to support the company’s ongoing exploration projects and enhance its market positioning.

Northern Lights Resources Retains Secret Pass Gold Project Amid Market Gains

Northern Lights Resources Corp has decided to retain its interest in the Secret Pass Gold Project in Arizona, citing recent increases in gold prices and its own share price as motivating factors. The company plans to develop an updated exploration plan for the project, which is located in a historically significant gold-producing area. Additionally, Albert (Rick) Timcke has resigned as President of the company.

Northern Lights Resources Announces CEO Transition

Northern Lights Resources Corp has announced a leadership transition with Mr. Luka Capin stepping into the role of CEO, succeeding Mr. Jason Bahnsen. This change is part of the company’s strategic developments aimed at driving its next phase of growth, supported by a strong portfolio of assets and the continued guidance of Mr. Bahnsen, who remains on the board.

Northern Lights Resources Announces Board Changes

Northern Lights Resources Corp has announced a change in its Board of Directors with the appointment of Mr. Luka Capin, who brings over five years of experience in capital markets and investor relations. This change follows the resignation of Mr. Albert (Rick) Timcke as Executive Chairman and Director, though he remains the company’s President. These changes are expected to influence the company’s operations and its strategic direction in the mining and technology sectors.