Quantum Battery Metals (QBAT) AI Stock Analysis

• Market Cap: C$3.61M
• Dividend Yield: N/A
• Average Volume (3M): 2.77K
• Price to Earnings (P/E): ―
• Beta (1Y): -1.63
• 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: 54 Neutral
• Price Target: C$0.48 ▲(33.06% Upside)
• Action: Reiterated Date: 03/04/26
• Date: Action: Reiterated 03/04/26

The score is held back primarily by weak financial performance (pre-revenue, persistent losses, and ongoing cash burn). This is partially offset by a low-debt balance sheet and improved loss/cash-burn trends, while technical indicators show supportive momentum that lifts the overall score despite limited valuation support (negative P/E and no dividend).

Positive Factors

Conservative balance sheet / low leverage

Low leverage and modest debt ratios give the company structural financial flexibility over 2–6 months: less refinancing risk, capacity to fund continued exploration or opportunistic M&A via equity or small borrowings, and greater resilience to commodity or funding shocks.

Improving loss and cash-burn trend

Meaningful narrowing of operating losses and reduced cash burn indicates the business is moving toward a more sustainable cash profile. This trend lengthens runway, lowers near-term financing need, and increases likelihood management can reach exploration milestones without immediate heavy dilution.

Positive equity base

A positive equity position provides a solvency cushion to absorb further exploration write-offs and supports credibility with lenders and partners. That structural capital buffer improves the firm's ability to pursue multi-stage exploration programs over the medium term.

Negative Factors

Pre-revenue business model

Being pre-revenue means the firm lacks operating cash inflows and remains dependent on external capital. Over the next several months this structural characteristic increases execution risk, makes funding essential for progress, and delays any durable path to self-sustaining profitability.

Persistent negative cash flow

Ongoing negative operating and free cash flow force reliance on financing and potential dilution. Without consistent cash-flow improvement, the company may need recurrent capital raises that constrain strategic flexibility and increase shareholder dilution risk over the medium term.

Historic balance-sheet stress & negative returns

Past negative equity episodes and persistently negative returns signal structural difficulty converting capital into profitable outcomes. This legacy weakens long-term investor confidence, can complicate partnership or financing terms, and highlights execution risk over coming quarters.

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

Financial profile is weak overall: the company is pre-revenue with ongoing net losses and negative operating/free cash flow (continued cash burn). Offsetting factors include materially improved losses versus prior years and a relatively conservative balance sheet with low leverage and positive equity in recent periods.

Income Statement

The company is still pre-revenue (revenue is 0 across annual periods and TTM (Trailing-Twelve-Months)), and profitability remains weak with ongoing operating losses and net losses (TTM net loss of about 1.1M). A positive is that operating losses have narrowed materially versus FY2022 (when the net loss was ~8.4M), but results remain volatile (e.g., EBITDA swings across years) and there is no visible top-line trajectory yet.

Balance Sheet

Leverage looks conservative with low debt relative to equity (TTM debt-to-equity ~0.06; FY2025 ~0.11), and equity is positive and sizable in recent periods (~6.9M), which supports balance-sheet stability. Offsetting this, returns remain negative (TTM return on equity is meaningfully below zero), reflecting that capital is not currently generating profits, and the firm’s history includes periods of negative equity (FY2021–FY2022), which highlights past balance-sheet stress.

Cash Flow

Cash generation is weak: operating cash flow and free cash flow are consistently negative, including TTM operating cash flow of about -0.26M and free cash flow of about -0.29M, indicating ongoing cash burn. A near-term positive is that cash burn has improved substantially versus FY2024 (when operating cash flow was about -1.09M), but recent free-cash-flow growth is negative in TTM (Trailing-Twelve-Months), suggesting the improvement is not yet consistent.

Breakdown	TTM	Apr 2024	Apr 2023	Apr 2022	Apr 2021	Jan 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	0.00	0.00	0.00
EBITDA	-1.02M	-1.07M	-33.38K	5.55M	-2.13M	-219.56K
Net Income	-1.06M	-1.11M	-1.05M	-639.33K	-8.42M	-248.00K
Balance Sheet
Total Assets	9.38M	9.55M	7.73M	3.04M	896.56K	734.43K
Cash, Cash Equivalents and Short-Term Investments	1.61K	210.87K	165.07K	33.34K	17.09K	4.17K
Total Debt	387.68K	740.59K	532.80K	439.95K	577.33K	498.33K
Total Liabilities	2.43M	2.63M	1.79M	1.59M	2.16M	2.27M
Stockholders Equity	6.95M	6.91M	5.94M	1.46M	-1.27M	-1.53M
Cash Flow
Free Cash Flow	-288.42K	-254.21K	-1.11M	-549.61K	-2.39M	-59.69K
Operating Cash Flow	-255.45K	-244.53K	-1.09M	-549.42K	-2.36M	-58.36K
Investing Cash Flow	-55.02K	-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: Positive
• Last Price: 0.36
• 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:QBAT, the sentiment is Positive. The current price of 0.36 is below the 20-day moving average (MA) of 0.46, below the 50-day MA of 0.42, and below the 200-day MA of 0.42, indicating a bullish trend. The MACD of 0.02 indicates Negative momentum. The RSI at 56.30 is Neutral, neither overbought nor oversold. The STOCH value of 64.10 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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%
QBAT	54 Neutral	C$3.61M	-25.13	-14.59%	―	―	-36.33%
GBML	48 Neutral	C$1.41M	-2.09	-15.38%	―	―	41.13%
MEGA	46 Neutral	C$931.26K	-0.06	-234.41%	―	―	10.75%
RFLX	44 Neutral	C$1.77M	-1.96	-673.26%	―	―	-20.88%
CELL	43 Neutral	C$6.38M	-5.64	-58.31%	―	―	4.17%
COS	39 Underperform	C$2.21M	-3.25	―	―	―	―

Quantum Battery Metals Corporate Events

Quantum Battery Metals Raises $507,500 to Advance Battery Metals Exploration

Quantum Battery Metals Corp. has closed a non-brokered private placement raising $507,500 through the issuance of 1,750,000 units priced at $0.29, each unit comprising one common share and one warrant exercisable at $0.40 for 12 months. The financing, which includes an acceleration clause tied to the share price and remains subject to final Canadian Securities Exchange approval, will fund exploration programs and general corporate and working capital needs, bolstering the company’s liquidity for advancing its battery metals portfolio.

The most recent analyst rating on (TSE:QBAT) stock is a Sell with a C$0.39 price target. To see the full list of analyst forecasts on Quantum Battery Metals stock, see the TSE:QBAT Stock Forecast page.

Quantum Battery Metals Revises Financing to Non-Brokered Private Placement

Quantum Battery Metals Corp., a Vancouver-based explorer of battery metals projects for the electric vehicle and renewable energy markets, continues to build its portfolio with an emphasis on responsible exploration and long-term value creation.

The company has amended its previously announced listed issuer financing exemption offering to a standard non-brokered private placement, aiming to raise up to $560,000 through units priced at $0.29, each including a common share and a warrant exercisable at $0.40 for 12 months, with an acceleration clause tied to share price performance. Proceeds are earmarked for exploration and general working capital, with closing targeted around March 10, 2026, subject to customary regulatory approvals, underscoring Quantum’s efforts to secure capital for its battery metals exploration strategy.

The most recent analyst rating on (TSE:QBAT) stock is a Hold with a C$0.42 price target. To see the full list of analyst forecasts on Quantum Battery Metals stock, see the TSE:QBAT Stock Forecast page.

Quantum Battery Metals Revises Financing Plan With New Private Placement

Quantum Battery Metals Corp. has cancelled its previously announced non-brokered private placement under the listed issuer financing exemption and will instead pursue a new non-brokered private placement under standard prospectus exemptions. The revised offering will comprise a minimum of 1,750,000 units at $0.32 per unit, each with a common share and a one-year warrant exercisable at $0.40, with proceeds earmarked for exploration activities and general corporate purposes, and closing targeted around March 10, 2026, subject to regulatory approvals.

The warrants include an acceleration clause that allows the company to shorten their term if the stock trades at or above a $0.80 VWAP on the Canadian Securities Exchange for five consecutive trading days, potentially encouraging earlier exercise and faster capital inflow. All securities issued will be subject to a four-month-plus-one-day hold period under Canadian securities law, underscoring the long-term nature of the financing for investors and its role in supporting Quantum’s ongoing growth strategy in battery metals exploration.

The most recent analyst rating on (TSE:QBAT) stock is a Hold with a C$0.42 price target. To see the full list of analyst forecasts on Quantum Battery Metals stock, see the TSE:QBAT Stock Forecast page.

Quantum Battery Metals Names New CEO and Launches $1.0 Million LIFE Unit Offering

Quantum Battery Metals Corp. has appointed David C. Greenway as its new Chief Executive Officer, citing his extensive capital markets and corporate development experience in natural resources and emerging technologies as key to advancing its battery metals exploration strategy. The company also added engineer Anthony Lau to its board of directors, while maintaining former interim CEO Quinn Field-Dyte as Chief Financial Officer and director, and launched a non-brokered LIFE unit offering of up to approximately $1.0 million, comprising shares and warrants, to fund growth and strengthen its position in the evolving energy storage and electrification market.

The most recent analyst rating on (TSE:QBAT) stock is a Hold with a C$0.38 price target. To see the full list of analyst forecasts on Quantum Battery Metals stock, see the TSE:QBAT Stock Forecast page.