Orex Minerals (REX) AI Stock Analysis

• Market Cap: C$11.23M
• Dividend Yield: N/A
• Average Volume (3M): 86.83K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.72
• Revenue Growth: N/A
• EPS Growth: -42.55%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): -0.01
• Shares Outstanding: 36,220,577
• 10 Day Avg. Volume: 56,588
• 30 Day Avg. Volume: 86,834
• PEG Ratio: -0.11
• Price to Book (P/B): 1.54
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -1.70
• 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: 49 Neutral
• Price Target: C$0.29 ▼(-0.34% Downside)

The score is held down primarily by very weak financial performance (no revenue, sustained losses, and continued cash burn with shrinking equity). Technical momentum is a key offset (price above major moving averages with positive MACD), while valuation provides limited support due to negative earnings and no dividend yield data.

Positive Factors

Positive Drilling Results

The positive drilling results at the Coneto Project enhance Orex's potential in the precious metals market, potentially attracting investor interest and improving future prospects.

Debt-Free Balance Sheet

A debt-free balance sheet provides financial stability and flexibility, allowing Orex to focus on strategic investments and exploration without the burden of debt repayments.

Strategic Partnerships

Strategic partnerships and joint ventures enable Orex to share exploration costs and risks, potentially leading to revenue through cash advances, shares, or royalties, enhancing long-term growth.

Negative Factors

Zero Revenue Generation

The lack of revenue generation is a major concern, impacting Orex's ability to sustain operations and invest in future growth, potentially leading to financial instability if not addressed.

Negative Cash Flows

Negative cash flows indicate that cash outflows exceed inflows, posing a risk to sustainability and requiring reliance on external financing, which may not be viable long-term.

Consistent Losses

Consistent losses and deteriorating margins weaken Orex's financial health, limiting its ability to invest in new projects and potentially affecting long-term viability.

Orex Minerals Business Overview & Revenue Model

Company Description

Orex Minerals Inc., a mineral exploration company, engages in the acquisition and exploration of mineral properties in Mexico and Canada. It owns interests in the Coneto silver-gold project that covers an area of 16,346 hectares of mineral concessions located in the Mesa Central on the eastern flank of the Sierra Madre Occidental Mountains; the Sandra Escobar silver-gold project situated to the north of the town of Tepehuanes, Durango; and the Jumping Josephine gold project totalling 11,200 hectares located in the West Kootenay region of Southeastern British Columbia. The company was incorporated in 1996 and is headquartered in Vancouver, Canada.

How the Company Makes Money

Orex Minerals generates revenue through the discovery and development of mineral resources, primarily focusing on silver and gold. The company makes money by advancing its exploration projects to a stage where they can attract joint venture partners or be sold to larger mining companies. Orex often enters into strategic partnerships and joint ventures with other mining companies to share costs and risks associated with exploration and development. These partnerships can result in Orex receiving payments, such as cash advances, shares, or royalties, as part of the agreement. Additionally, once a project reaches production, Orex can earn revenue from the sale of extracted minerals. The company's earnings are significantly influenced by factors such as commodity prices, exploration success, and the ability to secure favorable partnership agreements.

Orex Minerals Financial Statement Overview

Summary

Overall fundamentals are weak: no revenue, persistent losses, and ongoing cash burn with worsening outflows in the latest year. The main offset is a debt-free balance sheet, but equity has eroded significantly, increasing dilution/funding risk.

Income Statement

The company reports no revenue across the annual periods provided, while losses remain persistent and sizable. Profitability is consistently negative, with net loss worsening in the latest year (2025) versus 2024, indicating a weaker earnings trajectory. A modest positive is that gross profit losses are small relative to total losses, suggesting costs are primarily corporate/operating rather than product-level—but the absence of revenue and ongoing operating losses keep the overall income statement profile very weak.

Balance Sheet

The balance sheet shows zero total debt in the periods provided, which meaningfully reduces financial risk and refinancing pressure. However, stockholders’ equity has declined sharply from the 2022 peak to 2025, consistent with continued losses eroding the capital base, and returns on equity are deeply negative. Asset levels have also trended down versus prior years, reflecting a smaller financial cushion over time despite the lack of leverage.

Cash Flow

Cash flow remains pressured: operating cash flow and free cash flow are negative in every year shown, indicating ongoing cash burn. The latest year (2025) shows materially higher cash outflow than 2024, which raises near-term funding risk even though free cash flow growth is reported as positive. A relative positive is that free cash flow broadly tracks net income (both negative), but the consistent outflows and recent deterioration keep cash flow quality low.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00
Gross Profit	-1.68K	-2.99K	-3.99K	-5.32K	-7.09K
EBITDA	-2.56M	-1.40M	-1.77M	-2.03M	-2.49M
Net Income	-3.30M	-1.87M	-2.33M	-2.33M	-2.54M
Balance Sheet
Total Assets	2.86M	3.47M	4.61M	8.59M	3.15M
Cash, Cash Equivalents and Short-Term Investments	69.05K	27.91K	1.13M	3.30M	5.63M
Total Debt	0.00	0.00	0.00	0.00	0.00
Total Liabilities	524.38K	523.48K	83.42K	66.18K	103.97K
Stockholders Equity	2.34M	2.94M	4.52M	8.52M	3.05M
Cash Flow
Free Cash Flow	-2.11M	-1.13M	-1.76M	-2.06M	-1.48M
Operating Cash Flow	-2.11M	-1.13M	-1.76M	-2.06M	-1.48M
Investing Cash Flow	-50.00K	-141.31K	-419.06K	-75.42K	-70.51K
Financing Cash Flow	2.20M	171.18K	0.00	7.52M	7.52M

Orex Minerals Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.29
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:REX, the sentiment is Positive. The current price of 0.29 is above the 20-day moving average (MA) of 0.23, above the 50-day MA of 0.20, and above the 200-day MA of 0.17, indicating a bullish trend. The MACD of 0.02 indicates Negative momentum. The RSI at 71.13 is Negative, neither overbought nor oversold. The STOCH value of 77.85 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:REX.

Orex Minerals 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%
XTM	61 Neutral	C$7.37M	2.66	67.36%	―	―	―
GLM	52 Neutral	C$7.49M	-13.64	-5.30%	―	―	―
PER	50 Neutral	C$7.61M	36.67	14.20%	―	16.85%	―
REX	49 Neutral	C$11.23M	-3.29	-133.71%	―	―	-42.55%
LMR	48 Neutral	C$10.52M	-2.16	-11.09%	―	―	-84.65%

Orex Minerals Corporate Events

Orex Minerals Sells Coneto Silver-Gold Project to Silver Viper

Orex Minerals Inc. has announced the sale of its interest in the Coneto Silver-Gold Project to Silver Viper Minerals Corp. in a transaction valued at approximately US$15 million. The agreement, which involves an all-share transaction, will see Orex and Fresnillo plc selling their respective stakes to Silver Viper, with Orex retaining an 11% ownership in Silver Viper post-closing. This move aligns with Orex’s strategy to unlock value for shareholders and allows the Coneto Project to advance under Silver Viper’s exploration platform, potentially benefiting all stakeholders involved.