Patriot Battery Metals Inc (PMET) AI Stock Analysis

• Market Cap: C$345.72M
• Dividend Yield: N/A
• Average Volume (3M): 162.81K
• Price to Earnings (P/E): 5680.0
• Beta (1Y): 1.35
• Revenue Growth: N/A
• EPS Growth: -2226.67%
• Country: CA
• Employees: 9
• Sector: Basic Materials
• Sector Strength: 65
• Industry: Industrial Materials
• EPS (TTM): -0.02
• Shares Outstanding: 157,146,470
• 10 Day Avg. Volume: 138,871
• 30 Day Avg. Volume: 162,811
• PEG Ratio: 0.04
• Price to Book (P/B): 1.71
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -4.71
• 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: C$3.60
• Price Target Upside: 63.64% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 38 Underperform
• Price Target: ―

Patriot Battery Metals Inc. faces significant financial challenges with zero revenue and ongoing losses, leading to a below-average financial performance score. While corporate developments in lithium and cesium projects offer future growth potential, current technical indicators and speculative valuation suggest caution. The stock's overall score reflects these risks and opportunities.

Positive Factors

Cost Efficiency

Site infrastructure advanced, lowering exploration costs.

Project Potential

The Shaakichiuwaanaan project has the potential to be a world-class lithium mine.

Negative Factors

Transport Costs

Remote location impacts transport costs.

Patriot Battery Metals Inc Business Overview & Revenue Model

Company Description

Patriot Battery Metals Inc. engages in the identification, evaluation, acquisition, and exploration of mineral properties. The company primarily explores for gold, copper, silver, platinum, and lithium deposits. Its flagship properties include Corvette- FCI project comprising 417 claims totaling 21,357 hectares located in Quebec. The company was formerly known as Gaia Metals Corp. and changed its name to Patriot Battery Metals Inc. in June 2021. Patriot Battery Metals Inc. was incorporated in 2007 and is headquartered in Vancouver, Canada.

How the Company Makes Money

Patriot Battery Metals Inc generates revenue primarily through the exploration and development of mineral resources, specifically lithium, which is a critical component for electric vehicle batteries and energy storage systems. The company advances its projects through stages of exploration, resource definition, and feasibility studies, ultimately seeking to sell or partner with larger mining companies for full-scale production. Revenue streams may also include the sale of mineral rights or interests in its properties, as well as potential government grants or incentives for critical mineral exploration. Key partnerships with industry players and strategic investors can significantly contribute to its earnings by providing capital and expertise necessary to advance its projects.

Patriot Battery Metals Inc Financial Statement Overview

Summary

Patriot Battery Metals Inc. exhibits financial challenges typical of an early-stage mining company, with zero revenue and consistent losses impacting profitability and cash flows. The balance sheet remains strong with low debt levels, providing a cushion against financial distress. However, the company needs to focus on generating revenue and managing investments efficiently to improve financial health and investor confidence.

Income Statement

Patriot Battery Metals Inc. has reported zero revenue consistently over several periods, indicating a lack of sales generation. The gross profit margin is negative due to zero revenue and ongoing operating expenses. Additionally, the company has a history of negative net income, reflecting ongoing losses in operations. The EBIT and EBITDA margins are also negative, suggesting significant operational inefficiencies. This financial performance highlights the challenges faced in achieving profitability and growth.

Balance Sheet

The company's balance sheet shows a strong equity position with a high equity ratio, indicating a conservative capital structure with limited debt. The debt-to-equity ratio is very low, reflecting minimal leverage and reduced financial risk. However, the return on equity is negative due to continued net losses, which diminishes the attractiveness of the equity position. Overall, while the company maintains financial stability through equity, the lack of profitability is a concern.

Cash Flow

The cash flow analysis reveals significant negative free cash flow, mainly driven by high capital expenditures, suggesting heavy investment activities without immediate returns. The operating cash flow to net income ratio is negative, indicating cash burn without generating operating profits. Despite some financing inflows, the company's cash flow statement reflects ongoing cash challenges, necessitating careful financial management to sustain operations.

Breakdown
TTM	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Income Statement		Total Revenue
0.00	0.00	0.00	0.00	0.00	0.00
	Gross Profit
-1.71M	-876.00K	-21.00K	0.00	0.00	0.00
	EBIT
-19.66M	-19.78M	-17.20M	-4.15M	-774.20K	-751.83K
	EBITDA
-11.03M	13.49M	-6.85M	-3.55M	-774.17K	-689.66K
	Net Income Common Stockholders
-4.88M	2.61M	-10.12M	-3.88M	-775.05K	-528.96K
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
43.70M	73.00M	56.72M	11.70M	149.55K	255.89K
	Total Assets
293.43M	247.92M	107.72M	26.62M	4.37M	2.95M
	Total Debt
399.00K	365.00K	0.00	0.00	40.00K	0.00
	Net Debt
-43.30M	-72.64M	-56.72M	-11.70M	-98.05K	-244.39K
	Total Liabilities
48.29M	44.70M	37.72M	2.76M	153.88K	43.24K
	Stockholders Equity
245.14M	203.22M	70.00M	23.86M	4.21M	2.91M
Cash Flow		Free Cash Flow
-99.05M	-54.55M	-34.90M	-10.52M	-1.28M	-951.43K
	Operating Cash Flow
-16.74M	-16.16M	-7.21M	-3.12M	-516.23K	-481.46K
	Investing Cash Flow
-120.16M	-91.67M	-27.69M	-7.40M	-760.54K	-375.45K
	Financing Cash Flow
74.84M	124.12M	79.93M	22.07M	1.17M	414.36K

Patriot Battery Metals Inc Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 2.20
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:PMET, the sentiment is Neutral. The current price of 2.2 is below the 20-day moving average (MA) of 2.25, below the 50-day MA of 2.35, and below the 200-day MA of 3.11, indicating a bearish trend. The MACD of -0.04 indicates Negative momentum. The RSI at 48.07 is Neutral, neither overbought nor oversold. The STOCH value of 41.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:PMET.

Patriot Battery Metals Inc Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	50 Neutral	$2.00B	-1.13	-21.16%	3.71%	2.15%	-30.95%
SLI	50 Neutral	C$496.08M	2.26	61.89%	―	―	-132.80%
PML	46 Neutral	C$124.26M	―	-3.14%	―	―	45.71%
FL	42 Neutral	C$125.41M	―	-82.26%	―	―	25.32%
LITH	41 Neutral	C$109.51M	15.23	15.03%	―	―	-7.56%
PMET	38 Underperform	C$345.72M	5,680.00	-2.20%	―	―	-2226.67%
LTH	30 Underperform	C$94.11M	―	-1139.82%	―	―	60.89%

Patriot Battery Metals Inc Corporate Events

Patriot Battery Metals Advances Permitting for Shaakichiuwaanaan Lithium Project

Patriot Battery Metals Inc. has announced progress in the permitting process for its Shaakichiuwaanaan Lithium Project. The company has successfully commenced the Federal permitting process by submitting its Initial Project Description to the Impact Assessment Agency of Canada, which has been accepted. This development aligns with the ongoing Provincial permitting process, aiming for Environmental and Social Impact Assessments submissions by late 2025. The project, supported by extensive environmental data and community consultations, is strategically positioned in the global lithium development pipeline, demonstrating the company’s commitment to a timely and efficient approval process.

Spark’s Take on TSE:PMET Stock

According to Spark, TipRanks’ AI Analyst, TSE:PMET is a Underperform.

Patriot Battery Metals Inc. presents a high-risk profile with financial difficulties due to zero revenue and ongoing losses, which severely impact its financial performance score. The technical indicators suggest weak short-term momentum, and the valuation is speculative due to negative earnings. However, positive corporate developments provide potential growth opportunities, somewhat offsetting the negatives. Overall, the stock is currently rated below average with significant room for improvement.

To see Spark’s full report on TSE:PMET stock, click here.

Patriot Battery Metals Confirms Major Cesium Discovery at Shaakichiuwaanaan

Patriot Battery Metals Inc. has confirmed a significant high-grade cesium discovery at its Shaakichiuwaanaan Property, potentially adding a valuable by-product to its world-class lithium project. The discovery, characterized by wide and well-mineralized drill intercepts, underscores the property’s potential as a top LCT pegmatite asset globally. This cesium find could enhance stakeholder value and complement the company’s core lithium operations, given cesium’s rarity and strategic importance in global markets.

Spark’s Take on AU:PMT Stock

According to Spark, TipRanks’ AI Analyst, AU:PMT is a Underperform.

Patriot Battery Metals Inc. presents a high-risk, high-reward profile typical of early-stage mining ventures. The substantial financial challenges due to zero revenue and ongoing losses are offset by a strong balance sheet and exciting strategic developments, including significant discoveries and strategic partnerships. While technical indicators suggest potential short-term momentum, the overall outlook remains cautious due to negative financial metrics and speculative valuation.

To see Spark’s full report on AU:PMT stock, click here.

Patriot Battery Metals Unveils New Spodumene Pegmatite Discovery in Quebec

Patriot Battery Metals Inc. announced the discovery of a new spodumene pegmatite cluster, named CV15, at its Shaakichiuwaanaan Property in Quebec. This discovery, part of the 2024 surface exploration campaign, extends the Mickel Trend to approximately 5.5 km and highlights the significant exploration potential of the property. The discovery includes high-grade lithium assays and suggests further opportunities for resource expansion, strengthening the company’s position in the lithium mining sector.

Patriot Battery Metals Advances Feasibility Study for Shaakichiuwaanaan Property

Patriot Battery Metals Inc. has provided an update on the progress of its Feasibility Study (FS) for the Shaakichiuwaanaan Property, targeting completion by September 2025. The FS is aligned with the previously published Preliminary Economic Assessment, focusing on Dense Media Separation processing and staged production growth. The company’s strong cash position, bolstered by a strategic investment from Volkswagen/PowerCo, supports ongoing project development and environmental approvals. This progress underscores the project’s strategic importance in North America’s lithium development landscape.