Forty Pillars Mining Corp (PLLR) AI Stock Analysis

• Market Cap: C$2.35M
• Dividend Yield: N/A
• Average Volume (3M): 337.24K
• Price to Earnings (P/E): ―
• Beta (1Y): 2.63
• Revenue Growth: N/A
• EPS Growth: 77.67%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): >-0.01
• Shares Outstanding: 36,100,710
• 10 Day Avg. Volume: 342,024
• 30 Day Avg. Volume: 337,236
• PEG Ratio: 0.01
• Price to Book (P/B): 0.41
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -1.29
• 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: 51 Neutral
• Price Target: C$0.06 ▲(0.00% Upside)

The score is held back primarily by weak financial performance: the company is pre-revenue with ongoing losses and negative free cash flow, implying continued funding risk. Offsetting this, leverage is currently low and losses have improved in the TTM period. Technicals are supportive with the price above major moving averages and positive momentum indicators, but valuation remains hard to justify with a negative P/E and no dividend yield data.

Positive Factors

Low leverage / supportive balance sheet

Very low leverage materially reduces near-term refinancing and interest-rate risk, giving the company financial flexibility. For a pre-revenue miner this durable capital-structure strength improves runway and optionality to fund exploration or development without excessive debt service.

Meaningful improvement in TTM net loss

A sizable narrowing of net losses indicates the company has taken lasting cost-control or operational steps that lower cash burn. Sustained reduction in losses increases survival odds before revenue onset and improves ability to allocate future capital to value-driving activities.

Deleveraging / prior capital raises improved position

A structural shift from high leverage to low leverage signals successful deleveraging or equity financing. This reduces bankruptcy tail risk, supports longer-term project funding, and enhances strategic flexibility to pursue development milestones without heavy fixed obligations.

Negative Factors

Pre-revenue status

Zero reported revenue leaves the company dependent on exploration success and future commercial milestones to generate cash. This fundamental lack of operating income creates an enduring execution risk: profitability and sustainable margins cannot be assessed until commercial revenue is achieved.

Negative operating and free cash flow

Persistent negative operating and free cash flow forces reliance on external financing to fund operations. Over months, continued outflows will erode equity, raise dilution risk from capital raises, and constrain investments in development that are necessary to reach revenue generation.

Limited visibility to path to profitability

Ongoing recurring losses and lack of revenue mean returns on equity remain negative and future profitability is uncertain. This long-term structural uncertainty limits confidence in sustainable margins and makes planning for funding, development, and shareholder returns dependent on successful execution of high-risk milestones.

Forty Pillars Mining Corp Business Overview & Revenue Model

Company Description

Forty Pillars Mining Corp. engages in the exploration of mineral assets in Canada. The company explores for gold, silver, lead, and zinc deposits. It holds a 100% interest in the Silver Dollar property that consists 28 contiguous mineral claims covering an area of 3,344.68 hectares of land and two Crown grants totaling 41.85 hectares of land located in the Revelstoke Mining District of British Columbia; and the Beatrice Mineral Property located in British Columbia. It also has an option to acquire 100% interests to 10 mineral claims located in the Liard Mining Division in British Columbia. Forty Pillars Mining Corp. was incorporated in 2021 and is headquartered in Vancouver, Canada.

How the Company Makes Money

The company makes money through the exploration and development of mineral properties, which involves identifying and assessing the potential of mineral-rich sites. Revenue is primarily generated by selling or leasing rights to these mining properties once they have been sufficiently developed or by extracting and selling the minerals themselves. Additionally, Forty Pillars Mining Corp may engage in joint ventures or partnerships with other mining companies to share the costs and rewards of exploration and development projects, thus diversifying its revenue streams.

Forty Pillars Mining Corp Financial Statement Overview

Summary

Overall financials reflect an early-stage, pre-revenue company with ongoing losses and negative operating/free cash flow. Positives include a meaningful improvement in TTM net loss and a currently low-leverage balance sheet (debt-to-equity ~0.07), but the lack of revenue and continued cash burn elevate funding and execution risk.

Income Statement

Forty Pillars Mining Corp is still pre-revenue (revenue is 0 across periods), with recurring operating losses. The TTM (Trailing-Twelve-Months) net loss improved meaningfully versus the most recent annual period (loss narrowed from ~-754k to ~-330k), indicating some cost control. However, with no revenue base and continued negative EBIT/EBITDA, profitability and operating leverage remain weak and visibility on a path to earnings is limited based on the provided data.

Balance Sheet

The balance sheet looks relatively supportive: leverage is low in TTM (Trailing-Twelve-Months) with debt-to-equity around 0.07 and equity near 2.0M against ~2.7M of assets. This is a notable improvement from 2023 when leverage was high (debt-to-equity >1.0), suggesting deleveraging and/or equity funding. The key weakness is continued losses driving negative returns on equity, which can erode the equity base over time if profitability doesn’t improve.

Cash Flow

Cash generation remains a clear pressure point. TTM (Trailing-Twelve-Months) operating cash flow and free cash flow are both negative (about -269k and -266k), and free cash flow declined versus the prior annual period (negative growth). While cash burn is lower than the 2025 annual period (which showed a much larger operating cash outflow), the company is still funding operations through financing rather than internally generated cash, increasing reliance on future capital raises if conditions persist.

Breakdown	TTM	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	-327.38K	-753.81K	-276.76K	-609.19K	0.00
Net Income	-329.75K	-753.81K	-1.62M	-803.57K	-568.45K
Balance Sheet
Total Assets	2.71M	2.61M	605.10K	3.80M	4.29M
Cash, Cash Equivalents and Short-Term Investments	1.60K	364.00	58.17K	10.23K	546.63K
Total Debt	155.56K	72.49K	0.00	1.83M	1.76M
Total Liabilities	712.14K	556.79K	312.54K	2.16M	1.91M
Stockholders Equity	2.00M	2.06M	292.55K	1.64M	2.38M
Cash Flow
Free Cash Flow	-265.66K	-648.54K	-64.61K	-147.92K	-1.81M
Operating Cash Flow	-269.10K	-637.38K	-64.56K	-97.87K	-590.79K
Investing Cash Flow	-17.57K	10.83K	-53.00	24.43K	-1.36M
Financing Cash Flow	283.43K	568.74K	121.80K	-70.00K	2.09M

Forty Pillars Mining Corp Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.06
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:PLLR, the sentiment is Positive. The current price of 0.06 is above the 20-day moving average (MA) of 0.05, above the 50-day MA of 0.04, and above the 200-day MA of 0.04, indicating a bullish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 66.17 is Neutral, neither overbought nor oversold. The STOCH value of 100.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:PLLR.

Forty Pillars Mining Corp 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%
PLLR	51 Neutral	C$2.35M	-6.57	-35.10%	―	―	77.67%
GOCO	48 Neutral	C$1.47M	-3.48	-67.84%	―	―	33.05%
WBGD	45 Neutral	C$4.58M	-1.68	―	―	―	-76.03%
SCV	40 Underperform	C$1.30M	-0.09	-246.26%	―	―	-70.47%
WEST	34 Underperform	$1.59M	-0.28	-61.17%	―	―	-94.95%
MEDA	29 Underperform	C$1.73M	-1.20	-521.38%	―	―	-24.58%

Forty Pillars Mining Corp Corporate Events

Forty Pillars Secures Drill-Ready Golden Link Gold Project in Newfoundland Belt

Forty Pillars Mining Corp. has secured the right to acquire 100% of the Golden Link Project in the Central Newfoundland Gold Belt, a road-accessible, 36.25 km² land package located north of Gander and traversed by key regional gold-bearing structures. The project benefits from modern geophysical and geochemical work, including a 2024 IP survey that identified 69 chargeability anomalies and regional till sampling that highlights a high-priority gold target on the property, all within a district recently validated by New Found Gold’s land consolidation and positive economic studies. With no historical drilling yet completed on Golden Link and a high-quality 2023 LiDAR/orthophoto dataset in place to support precise exploration planning, the acquisition positions Forty Pillars for a potentially high-impact drilling campaign and strengthens its exposure to one of Canada’s most active orogenic gold districts.

The most recent analyst rating on (TSE:PLLR) stock is a Hold with a C$0.04 price target. To see the full list of analyst forecasts on Forty Pillars Mining Corp stock, see the TSE:PLLR Stock Forecast page.