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Atha Energy Corp. (TSE:SASK)
:SASK

Atha Energy Corp. (SASK) AI Stock Analysis

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TSE:SASK

Atha Energy Corp.

(SASK)

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Neutral 50 (OpenAI - 5.2)
Rating:50Neutral
Price Target:
C$0.65
▲(4.84% Upside)
The score is held back primarily by weak financial performance (no revenue, ongoing losses, and cash burn) despite a low-debt balance sheet. Technicals are broadly neutral with only mild positive momentum, while valuation is constrained by negative earnings and no stated dividend. Corporate developments are positive (exploration discoveries) but are not yet reflected in operating results.
Positive Factors
Uranium Discoveries
The discovery of high-grade uranium at Angilak enhances Atha Energy's resource base, potentially boosting its market position and long-term growth prospects in the uranium sector.
Strategic Positioning
Alignment with government priorities in mineral resource advancement positions Atha Energy strategically for potential support and growth in the uranium industry.
Regulatory Compliance
Ensuring compliance with regulatory standards through updated technical disclosures enhances stakeholder confidence and supports future project development.
Negative Factors
Cash Flow Challenges
Ongoing negative cash flow indicates reliance on external funding, which could limit operational flexibility and increase financial risk if not addressed.
Profitability Issues
Lack of revenue and ongoing losses highlight challenges in achieving profitability, impacting the company's ability to generate shareholder returns.
Dilution Risk
Conversion of special warrants into common shares could lead to shareholder dilution, affecting existing investors' equity stakes and future earnings per share.

Atha Energy Corp. (SASK) vs. iShares MSCI Canada ETF (EWC)

Atha Energy Corp. Business Overview & Revenue Model

Company DescriptionAtha Energy Corp. operates as a mineral exploration company. It focuses on the acquisition, exploration, and development of mineral resource properties. Atha Energy Corp. was formerly known as Inglenook Ventures Ltd. and changed its name to Atha Energy Corp. in May 2022. The company was incorporated in 2021 and is based in Vancouver, Canada.
How the Company Makes MoneyAtha Energy Corp. generates revenue through the exploration and extraction of energy resources, primarily focusing on oil and natural gas. The company monetizes these resources by selling them to various markets, including industrial, commercial, and residential sectors. Additionally, Atha Energy Corp. may engage in strategic partnerships and joint ventures to optimize resource development and share operational risks, thus enhancing profitability. The company's earnings are influenced by factors such as global energy prices, production volumes, and operational efficiencies.

Atha Energy Corp. Financial Statement Overview

Summary
Atha Energy Corp. is experiencing revenue growth, but faces challenges in profitability and cash flow stability. The balance sheet is strong due to high equity, yet operational efficiency and cost management need improvement.
Income Statement
Atha Energy Corp. shows signs of revenue growth, moving from no revenue in 2021 to $1.15 million in 2023. However, profitability remains a challenge with negative net income and EBIT margins, indicating ongoing struggles to manage costs effectively and achieve operational efficiency.
Balance Sheet
The company maintains a strong equity position with a high equity ratio, suggesting financial stability. However, the debt-to-equity ratio is low due to minimal debt, which could limit leverage opportunities. The increase in assets and equity over time is a positive sign of growth.
Cash Flow
Atha Energy Corp. faces significant negative free cash flow, indicating cash outflows exceed inflows, primarily due to high capital expenditures. The operating cash flow to net income ratio suggests operational inefficiencies, and high financing cash flows indicate reliance on external funding.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue0.000.001.16M0.000.00
Gross Profit-327.25K-227.13K1.13M-13.60K0.00
EBITDA-10.01M-7.67M-13.95M-1.02M0.00
Net Income-10.64M-11.41M-13.98M-1.03M-210.71K
Balance Sheet
Total Assets230.15M214.17M99.16M42.03M23.56K
Cash, Cash Equivalents and Short-Term Investments11.30M8.26M34.01M40.70M18.34K
Total Debt395.51K621.25K0.000.000.00
Total Liabilities10.30M5.83M11.39M34.08M109.18K
Stockholders Equity219.86M208.34M87.77M7.96M-85.62K
Cash Flow
Free Cash Flow-27.07M-41.51M-22.53M-363.01K
Operating Cash Flow-3.86M-10.35M-4.21M-220.10K
Investing Cash Flow-20.92M-18.10M-18.32M-1.19M0.00
Financing Cash Flow19.69M-608.26K19.03M42.09M25.00K

Atha Energy Corp. Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.62
Price Trends
50DMA
0.65
Positive
100DMA
0.65
Positive
200DMA
0.58
Positive
Market Momentum
MACD
0.02
Negative
RSI
52.42
Neutral
STOCH
71.43
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:SASK, the sentiment is Positive. The current price of 0.62 is below the 20-day moving average (MA) of 0.65, below the 50-day MA of 0.65, and above the 200-day MA of 0.58, indicating a bullish trend. The MACD of 0.02 indicates Negative momentum. The RSI at 52.42 is Neutral, neither overbought nor oversold. The STOCH value of 71.43 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:SASK.

Atha Energy Corp. Peers Comparison

Overall Rating
UnderperformOutperform
Sector (65)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
65
Neutral
$15.17B7.614.09%5.20%3.87%-62.32%
53
Neutral
C$100.13M-9.25-12.38%68.37%
53
Neutral
C$223.15M-45.31-1.98%22.89%
50
Neutral
C$206.63M-17.57-4.96%52.63%
48
Neutral
C$53.17M-3.70-30.72%102.01%14.99%
45
Neutral
C$131.31M-8.33-30.73%-234.49%
* Energy Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
TSE:SASK
Atha Energy Corp.
0.68
0.06
9.68%
TSE:AEC
Anfield Energy Inc
8.27
1.89
29.62%
TSE:WUC
Western Uranium
0.74
-0.34
-31.48%
TSE:FUU
F3 Uranium
0.16
-0.10
-38.46%
TSE:MGA
Mega Uranium
0.58
0.25
75.76%

Atha Energy Corp. Corporate Events

Business Operations and Strategy
ATHA Energy Grants Stock Options and RSUs Under Equity Incentive Plan
Positive
Jan 2, 2026

ATHA Energy Corp. has granted 10,150,000 incentive stock options and 1,300,000 restricted share units to eligible participants, including directors and officers, under its equity incentive plan, with options vesting in thirds over 12 months at an exercise price of $0.61 and RSUs vesting after 12 months. The awards, which fall within the plan’s 10% cap on shares issuable and use exemptions under Canadian related-party and minority protection rules, are designed to align management and insider incentives with shareholders as ATHA advances its uranium exploration and development portfolio.

The most recent analyst rating on (TSE:SASK) stock is a Hold with a C$0.65 price target. To see the full list of analyst forecasts on Atha Energy Corp. stock, see the TSE:SASK Stock Forecast page.

Business Operations and Strategy
Atha Energy Corp. Announces Significant Uranium Discoveries at Angilak Project
Positive
Dec 10, 2025

Atha Energy Corp. has announced significant high-grade uranium discoveries at its Angilak Project, specifically along the Mineralized RIB Corridor. The latest assays from the RIB East, West, and South discoveries confirm substantial uranium mineralization, enhancing the project’s potential. These findings, combined with previous discoveries, underscore the project’s promise and the company’s strategic positioning in the uranium market. The discoveries are expected to have a positive impact on Atha Energy’s operations, potentially increasing its resource base and strengthening its market position.

The most recent analyst rating on (TSE:SASK) stock is a Buy with a C$1.50 price target. To see the full list of analyst forecasts on Atha Energy Corp. stock, see the TSE:SASK Stock Forecast page.

Business Operations and StrategyProduct-Related Announcements
ATHA Energy Unveils High-Grade Uranium Discovery at Angilak Project
Positive
Nov 20, 2025

ATHA Energy Corp. has announced a significant discovery at its Angilak Uranium Project with the maiden drillhole at RIB North yielding high-grade uranium mineralization. This discovery, marked by a 34.7-meter composite uranium mineralization, reinforces the potential of the Angikuni Basin as a promising uranium district, aligning with the company’s exploration strategy and the Canadian government’s focus on advancing mineral resource projects.

The most recent analyst rating on (TSE:SASK) stock is a Buy with a C$1.50 price target. To see the full list of analyst forecasts on Atha Energy Corp. stock, see the TSE:SASK Stock Forecast page.

Business Operations and Strategy
ATHA Energy Unveils Major Uranium Discovery at Angilak Project
Positive
Nov 20, 2025

ATHA Energy Corp. has announced a significant discovery at its Angilak Uranium Project, with assays from its maiden drillhole at the RIB North Discovery revealing 34.7 meters of total composite uranium mineralization. This discovery, which includes high-grade intervals, reinforces the potential of the Angikuni Basin as a promising uranium district, aligning with the company’s exploration strategy and positioning it for future growth.

The most recent analyst rating on (TSE:SASK) stock is a Buy with a C$1.50 price target. To see the full list of analyst forecasts on Atha Energy Corp. stock, see the TSE:SASK Stock Forecast page.

Business Operations and Strategy
Atha Energy Corp. Reports Major Uranium Discoveries in 2025 Exploration Program
Positive
Nov 5, 2025

Atha Energy Corp. announced significant progress in its 2025 Angilak Exploration Program, particularly at Mushroom Lake and the KU Discovery. The company successfully intersected high-grade uranium mineralization and identified new structural corridors using advanced EM Inversion modeling. These discoveries not only expand the mineralization footprint but also position Atha Energy as a key player in supplying uranium for the nuclear energy sector, with potential implications for future exploration and development activities.

The most recent analyst rating on (TSE:SASK) stock is a Buy with a C$1.50 price target. To see the full list of analyst forecasts on Atha Energy Corp. stock, see the TSE:SASK Stock Forecast page.

Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
ATHA Energy Corp. Files Final Short Form Prospectus to Strengthen Market Position
Positive
Oct 31, 2025

ATHA Energy Corp. has filed its final short form prospectus with several Canadian securities commissions, facilitating the qualification of up to 18,838,752 units issuable upon the exercise of special warrants from a previous private placement. This strategic move, which involves converting special warrants into units comprising common shares and purchase warrants, positions ATHA to enhance its financial flexibility and strengthen its market presence in the uranium exploration sector.

The most recent analyst rating on (TSE:SASK) stock is a Buy with a C$1.50 price target. To see the full list of analyst forecasts on Atha Energy Corp. stock, see the TSE:SASK Stock Forecast page.

Business Operations and StrategyRegulatory Filings and Compliance
ATHA Energy Corp Updates Technical Disclosure for Angilak Project
Positive
Oct 22, 2025

ATHA Energy Corp has filed an amended technical report for its Angilak Project following a review by the British Columbia Securities Commission, which identified deficiencies in the company’s prior technical disclosure. The updated report addresses these issues by removing outdated historical mineral resource estimates and updating the exploration target model for the Lac 50 Deposit. This move ensures compliance with regulatory standards and supports the company’s disclosure in its upcoming short form prospectus. The amendments reflect recent exploration advancements, including drilling and geophysical surveys, which have expanded the mineralized footprint and confirmed new trends, potentially enhancing ATHA’s industry positioning and stakeholder confidence.

The most recent analyst rating on (TSE:SASK) stock is a Buy with a C$1.50 price target. To see the full list of analyst forecasts on Atha Energy Corp. stock, see the TSE:SASK Stock Forecast page.

Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
ATHA Energy Corp. Advances Market Position with New Filings
Neutral
Oct 22, 2025

ATHA Energy Corp. has filed its annual information form and a preliminary short form prospectus with Canadian securities commissions to qualify the distribution of units related to special warrants issued in a previous private placement. This move is part of ATHA’s strategic efforts to enhance its market position and expand its uranium exploration and development activities, potentially impacting its operational capabilities and stakeholder interests.

The most recent analyst rating on (TSE:SASK) stock is a Buy with a C$1.50 price target. To see the full list of analyst forecasts on Atha Energy Corp. stock, see the TSE:SASK Stock Forecast page.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Dec 30, 2025