Quantum Battery Metals (QBAT) AI Stock Analysis

• Market Cap: C$2.78M
• Dividend Yield: N/A
• Average Volume (3M): 2.77K
• Price to Earnings (P/E): ―
• Beta (1Y): -1.82
• Revenue Growth: N/A
• EPS Growth: -36.33%
• Country: CA
• Employees: 75,000
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): >-0.01
• Shares Outstanding: 7,210,374
• 10 Day Avg. Volume: 4,006
• 30 Day Avg. Volume: 2,770
• PEG Ratio: 0.12
• Price to Book (P/B): 0.57
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -15.42
• 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: 45 Neutral
• Price Target: C$0.38 ▲(4.17% Upside)

The score is primarily constrained by weak financial performance (no revenue, recurring losses, and negative cash flow), despite an improved balance sheet and low leverage. Technicals are neutral-to-soft with price below major moving averages and only mild momentum stabilization, while valuation is pressured by negative earnings and no indicated dividend support.

Positive Factors

Improved Equity Base

Recapitalization and a materially improved equity position strengthen solvency and reduce near-term default risk. This gives management more optionality to fund exploration programs, attract partners, and pursue value-creating work before needing urgent dilutive financing.

Low Leverage

Very low debt reduces interest burden and financial strain, improving resilience through commodity cycles. It preserves capacity to raise project finance or secure strategic JV terms, supporting longer-run exploration plans without large fixed obligations.

Exposure to Secular EV/Battery Demand

Operating in battery/critical metals aligns the company with long-term electrification and EV supply-chain demand. Successful discoveries or component supply agreements could convert this structural tailwind into durable revenue streams as global decarbonization increases raw-material need.

Negative Factors

No Operating Revenue

Absence of operating revenue leaves the business entirely dependent on exploration success and external capital. Without a revenue base, profitability and cash generation remain hypothetical, raising execution risk and making long-term viability contingent on discovery or asset monetization.

Consistent Negative Cash Flow

Persistent negative operating and free cash flows mean the company cannot self-fund operations and must rely on external financing. Even with improved burn versus prior years, ongoing deficits increase dilution risk and constrain the ability to scale exploration without partner funding or asset sales.

Recurring Net Losses and Volatility

Chronic losses and episodic large write-downs highlight earnings volatility and execution risk. This pattern undermines return predictability, deters some long-term investors, and increases the chance of future impairments if exploration fails to yield commercially viable deposits.

Quantum Battery Metals Business Overview & Revenue Model

Company Description

Quantum Battery Metals Corp. engages in identifying, exploring, and developing mineral properties. The company's principal properties include the Albanel lithium property covering an area of approximately 2,751 hectares; and the Kelso property, which covers an area of approximately 1,005 hectares situated in Quebec, Canada. It also explores for cobalt deposits. The company was formerly known as Quantum Cobalt Corp. and changed its name to Quantum Battery Metals Corp. in March 2021. Quantum Battery Metals Corp. was incorporated in 2010 and is headquartered in Vancouver, Canada.

How the Company Makes Money

Quantum Battery Metals makes money primarily through the exploration and development of mineral properties rich in lithium and other battery metals. The company's revenue model is based on identifying and acquiring prospective mining sites, conducting exploration activities to assess the feasibility and potential yield of these properties, and then either developing the mines themselves or selling the properties to larger mining companies or manufacturers in the battery and electric vehicle sectors. Key revenue streams include the sale or lease of mineral rights, joint ventures with larger mining corporations, and potentially future direct sales of extracted materials. Strategic partnerships with technology firms or automotive companies may also contribute to earnings, especially as demand for sustainable energy solutions continues to rise. However, specific details about partnerships or exact revenue figures are not available.

Quantum Battery Metals Financial Statement Overview

Summary

Financials remain weak due to no reported revenue, recurring net losses, and consistently negative operating/free cash flow. Offsetting this, the balance sheet has improved materially versus 2020–2022 with positive equity and modest leverage, which moderates near-term solvency risk.

Income Statement

The company reports no revenue across the annual periods provided, so profitability is driven entirely by expenses and non-operating items rather than an operating business base. Net losses are persistent (roughly -$0.6M to -$1.1M recently), with a very large loss in 2022 (-$8.4M) and 2020 (-$13.7M), highlighting earnings volatility. Losses did improve meaningfully versus the worst years, but the absence of revenue and continued negative operating results keep income-statement quality weak.

Balance Sheet

Leverage is modest on the latest annual report (debt-to-equity ~0.11 in 2025), which reduces near-term balance-sheet strain. Equity has improved substantially from negative levels in 2020–2022 to solidly positive in 2023–2025, indicating recapitalization and improved solvency. However, returns remain negative due to ongoing losses, and the company’s asset base is not yet translating into operating profitability, which limits balance-sheet strength from an investor perspective.

Cash Flow

Cash generation remains a key weakness: operating cash flow is negative in every period shown, implying the business is not self-funding. The cash burn has improved considerably versus 2024 (operating cash flow about -$0.24M in 2025 vs. about -$1.09M in 2024), but free cash flow is still negative and deteriorated year-over-year in 2025 (free cash flow growth ~-26%). Overall, the trend is better than prior years, but ongoing negative cash flow suggests continued reliance on external funding.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	0.00	0.00	0.00	0.00	0.00	0.00
EBITDA	-1.04M	-1.07M	-33.38K	5.55M	-2.13M	-219.56K
Net Income	-1.09M	-1.11M	-1.05M	-639.33K	-8.42M	-248.00K
Balance Sheet
Total Assets	9.40M	9.55M	7.73M	3.04M	896.56K	734.43K
Cash, Cash Equivalents and Short-Term Investments	21.56K	210.87K	165.07K	33.34K	17.09K	4.17K
Total Debt	385.76K	740.59K	532.80K	439.95K	577.33K	498.33K
Total Liabilities	2.41M	2.63M	1.79M	1.59M	2.16M	2.27M
Stockholders Equity	6.98M	6.91M	5.94M	1.46M	-1.27M	-1.53M
Cash Flow
Free Cash Flow	-314.34K	-254.21K	-1.11M	-549.61K	-2.39M	-59.69K
Operating Cash Flow	-282.31K	-244.53K	-1.09M	-549.42K	-2.36M	-58.36K
Investing Cash Flow	-52.38K	-9.68K	206.41K	-186.00K	-199.32K	-1.33K
Financing Cash Flow	308.69K	300.00K	1.02M	751.67K	2.57M	40.00K

Quantum Battery Metals Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.36
• 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:QBAT, the sentiment is Negative. The current price of 0.36 is below the 20-day moving average (MA) of 0.39, below the 50-day MA of 0.41, and below the 200-day MA of 0.42, indicating a bearish trend. The MACD of 0.02 indicates Negative momentum. The RSI at 47.12 is Neutral, neither overbought nor oversold. The STOCH value of 49.29 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:QBAT.

Quantum Battery 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%
CELL	53 Neutral	C$7.74M	-2.17	-58.31%	―	―	4.17%
GBML	48 Neutral	C$1.32M	-1.41	-15.38%	―	―	41.13%
QBAT	45 Neutral	C$2.78M	-2.58	-14.59%	―	―	-36.33%
RFLX	44 Neutral	C$1.83M	-0.55	-673.26%	―	―	-20.88%
COS	39 Underperform	C$1.84M	―	―	―	―	―
MEGA	35 Underperform	$931.26K	-0.21	-234.41%	―	―	10.75%