Group Ten Metals (PGE) AI Stock Analysis

• Market Cap: C$147.57M
• Dividend Yield: N/A
• Average Volume (3M): 894.91K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.30
• Revenue Growth: N/A
• EPS Growth: -89.71%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): -0.02
• Shares Outstanding: 310,665,370
• 10 Day Avg. Volume: 464,281
• 30 Day Avg. Volume: 894,907
• PEG Ratio: 0.25
• Price to Book (P/B): 7.60
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -8.75
• 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: 52 Neutral
• Price Target: C$0.47 ▼(-1.06% Downside)

The score is held back primarily by weak financial performance (no revenue, continued losses, and cash burn). Offsetting factors include a debt-free balance sheet, constructive (but not strong) technical positioning versus key moving averages, and positive corporate events that improve funding visibility and project advancement.

Positive Factors

Strategic Alignment with U.S. Policy

The alignment with U.S. policies on domestic mineral production enhances Group Ten Metals' strategic positioning, potentially easing regulatory hurdles and providing funding opportunities, which could accelerate project development and improve long-term growth prospects.

New Mineral Targets Identified

The identification of new polymetallic targets at the Stillwater West project enhances the company's resource base and exploration potential, positioning it to capitalize on increasing demand for critical minerals, which supports long-term growth and market competitiveness.

Debt-Free Balance Sheet

A debt-free balance sheet provides financial flexibility and reduces risk, allowing the company to focus on strategic investments and exploration activities without the burden of interest payments, supporting sustainable long-term growth.

Negative Factors

Zero Revenue and Continuous Losses

The lack of revenue generation and persistent losses highlight significant challenges in achieving financial stability, which may hinder the company's ability to fund operations and invest in growth opportunities, impacting long-term viability.

Negative Free Cash Flow

Negative free cash flow indicates that the company is spending more cash than it generates, which can strain liquidity and limit its ability to invest in new projects or weather economic downturns, posing a risk to long-term sustainability.

Eroding Shareholder Equity

Eroding shareholder equity due to ongoing losses weakens the company's financial foundation, potentially reducing investor confidence and limiting access to capital, which could impede future growth and operational expansion.

Group Ten Metals Business Overview & Revenue Model

Company Description

Stillwater Critical Minerals Corp., a mineral exploration company, engages in the acquisition, exploration, and development of mineral properties in Canada and the United States. The company explores for gold, platinum group metals, palladium, nickel, copper, and cobalt deposits. Its flagship project is the 100%-owned Stillwater West project that comprise 763 claims covering an area of approximately 61 square kilometers located in Stillwater District, Montana. The company was formerly known as Group Ten Metals Inc. and changed its name to Stillwater Critical Minerals Corp. in June 2022. Stillwater Critical Minerals Corp. was headquartered in Vancouver, Canada.

How the Company Makes Money

Group Ten Metals makes money through the exploration and potential future development and production of mineral resources. The company's primary revenue model involves the discovery and subsequent sale or joint venture development of its mineral properties. Key revenue streams include securing strategic partnerships or joint ventures with larger mining companies, licensing mineral rights, and potentially selling mineral resources once they are extracted. Additionally, Group Ten Metals may raise capital through equity financing, which provides funds for exploration and development activities. Significant factors contributing to its earnings include successful exploration results, favorable market conditions for metals, and effective management of exploration and development operations.

Group Ten Metals Financial Statement Overview

Summary

Group Ten Metals struggles financially with no revenue and continuous operational losses. The company relies heavily on financing activities for cash flow, despite having a debt-free balance sheet. Establishing revenue streams is critical for improving its financial health.

Income Statement

Group Ten Metals has consistently reported zero revenue, indicating no operational income. This absence of revenue reflects negatively on all profitability metrics, such as gross profit margin and net profit margin, which are nonexistent. The company has been experiencing persistent losses, with negative EBIT and EBITDA margins. The lack of revenue growth and continuous net losses present significant challenges to financial stability.

Balance Sheet

The balance sheet presents a relatively strong equity position with zero debt, resulting in a favorable debt-to-equity ratio. The equity ratio is solid, indicating that a significant portion of the company's assets is financed by equity. However, the persistent net losses are eroding shareholder equity, which may affect long-term sustainability if the trend continues.

Cash Flow

The company shows negative free cash flow, highlighting cash outflows in operations exceeding inflows. While there is a positive operating cash flow to net income ratio due to the cash flow from financing activities, the free cash flow remains negative. The lack of revenue generation poses a risk to cash flow sustainability.

Breakdown	TTM	Dec 2025	Dec 2023	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	0.00	0.00	0.00	-833.00	-7.96K	-648.00
EBITDA	-7.90M	0.00	-4.31M	-350.00K	-7.26M	-5.57M
Net Income	-8.04M	-3.79M	-4.31M	-5.53M	-7.26M	-5.57M
Balance Sheet
Total Assets	9.47M	5.81M	4.76M	4.93M	6.73M	6.41M
Cash, Cash Equivalents and Short-Term Investments	3.89M	943.77K	417.39K	611.47K	2.40M	2.51M
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00
Total Liabilities	2.18M	626.15K	466.90K	735.77K	417.29K	197.25K
Stockholders Equity	7.29M	5.19M	4.29M	4.20M	6.31M	6.21M
Cash Flow
Free Cash Flow	-6.22M	-4.50M	-3.76M	-4.72M	-6.85M	-5.26M
Operating Cash Flow	-5.93M	-4.22M	-3.53M	-4.48M	-6.62M	-5.00M
Investing Cash Flow	-298.55K	-293.08K	-230.66K	-246.10K	-209.84K	-255.15K
Financing Cash Flow	8.97M	4.60M	1.38M	4.85M	6.72M	5.50M

Group Ten Metals Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.47
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:PGE, the sentiment is Positive. The current price of 0.47 is above the 20-day moving average (MA) of 0.43, above the 50-day MA of 0.41, and above the 200-day MA of 0.30, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 55.49 is Neutral, neither overbought nor oversold. The STOCH value of 74.36 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:PGE.

Group Ten Metals 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%
FPX	55 Neutral	C$191.95M	-42.86	-6.27%	―	―	-60.92%
PGE	52 Neutral	C$147.57M	-13.86	-120.57%	―	―	-89.71%
CCCM	48 Neutral	C$134.84M	-39.02	-4.33%	―	―	10.13%
NILI	47 Neutral	C$169.19M	-20.66	-52.53%	―	―	19.92%
ELBM	44 Neutral	C$120.60M	-0.69	-49.48%	―	―	62.30%
EMO	42 Neutral	C$182.36M	-12.06	-46.38%	―	―	19.55%

Group Ten Metals Corporate Events

Stillwater Critical Minerals Raises C$17 Million to Advance Montana Project

Stillwater Critical Minerals has closed a bought-deal private placement raising gross proceeds of C$17.0 million through the sale of nearly 37 million units at C$0.46 each, with each unit comprising one common share and a half warrant exercisable at C$0.64 until the end of 2028. The funds will be directed primarily toward exploration and advancement of the Stillwater West critical minerals project in Montana, as well as general corporate purposes, leaving the company well financed for its 2026 field season and positioning it to pursue near-term milestones such as drill results, government-related developments and an updated mineral resource estimate, subject to final approval from the TSX Venture Exchange.

The most recent analyst rating on (TSE:PGE) stock is a Hold with a C$0.45 price target. To see the full list of analyst forecasts on Group Ten Metals stock, see the TSE:PGE Stock Forecast page.

Stillwater Critical Minerals Upsizes Private Placement to C$15 Million

Stillwater Critical Minerals Corp. has announced an increase in its ‘bought deal’ private placement from C$10 million to C$15 million due to strong investor demand. The proceeds will be used for exploration and advancement of the Stillwater West Ni-PGE-Cu-Co+Au project in Montana, as well as for general corporate purposes. The offering is expected to close by December 30, 2025, pending regulatory approvals.

Stillwater Critical Minerals Secures C$10 Million Through Bought Deal Private Placement

Stillwater Critical Minerals has announced a bought deal private placement agreement with Red Cloud Securities and Research Capital Corporation to raise gross proceeds of C$10 million. The funds will be used for the exploration and advancement of the Stillwater West project and general corporate purposes. The offering includes the sale of 21,740,000 units, each consisting of one common share and one-half of a common share purchase warrant, with the potential for additional proceeds through an over-allotment option. This financing move is expected to bolster Stillwater’s operational capabilities and enhance its position in the critical minerals market.

Stillwater Critical Minerals Navigates Market Volatility with Strategic Initiatives

Stillwater Critical Minerals Corp. reported no undisclosed material changes to account for the recent decline in its share price, attributing it to broader market volatility affecting the mining and metals sector. The company is advancing key initiatives, including pending assay results from its Stillwater West Project and an updated Mineral Resource Estimate, while maintaining positive government engagement and exploring partnerships to expand its critical mineral resources. Positioned to benefit from U.S. policy momentum and demand for domestic sources of essential metals, Stillwater is actively participating in upcoming industry events to further its strategic goals.

Stillwater Critical Minerals Advances Resource Estimate for Montana Project

Stillwater Critical Minerals has engaged Mine Technical Services to update the Mineral Resource Estimate for its Stillwater West project in Montana, which is expected in the first half of 2026. This update aims to advance the project as a significant source of critical minerals, leveraging insights from the Platreef district in South Africa. The revised estimate will incorporate recent drilling data and is anticipated to enhance the company’s resource evaluation and production scenarios, potentially strengthening its position in the U.S. market for critical minerals.