Top Page
Northern Lights Resources
(NLR)
Northern Lights Resources (NLR) vs. iShares MSCI Canada ETF (EWC)
Northern Lights Resources Business Overview & Revenue Model
Northern Lights Resources Financial Statement Overview
| 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
Northern Lights Resources Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
47 Neutral | C$5.94M | -2.22 | -284.00% | ― | ― | -202.42% | |
46 Neutral | C$2.36M | -14.00 | -33.93% | ― | ― | -266.67% | |
43 Neutral | C$999.28K | -0.44 | -78.92% | ― | ― | 78.57% | |
29 Underperform | C$5.77M | -8.49 | -59.00% | ― | ― | -122.13% |
Northern Lights Resources Corporate Events
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 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 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 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 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 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 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 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.
Northern Lights Resources Corp has announced significant leadership changes with the appointment of Leon Ho as Chief Financial Officer and Steven McMullan as a new director. Leon Ho brings extensive financial expertise from his experience with mining exploration companies, while Steven McMullan adds valuable geophysics expertise to the board, enhancing the company’s exploration and development strategy. These appointments are expected to strengthen Northern Lights’ operational capabilities and support its growth in the mining sector.