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Scottie Resources Corp (TSE:SCOT)
:SCOT

Scottie Resources Corp (SCOT) AI Stock Analysis

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TSE:SCOT

Scottie Resources Corp

(SCOT)

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Neutral 49 (OpenAI - 5.2)
Rating:49Neutral
Price Target:
C$1.50
▼(-4.46% Downside)
The score is held down primarily by weak financial performance (no revenue, ongoing losses, and negative cash flow) and soft technical momentum. Offsetting these are strong recent corporate developments (PEA, drill results, financing, and bulk sample sale) and a debt-free balance sheet, but valuation remains challenged given continued losses and no dividend support.
Positive Factors
Debt-Free Balance Sheet
A debt-free balance sheet allows Scottie Resources to navigate financial challenges without the burden of interest payments, enhancing its ability to invest in exploration and development activities.
Positive Ore Sorting Study
The successful ore sorting study and DSO project launch can significantly reduce capital and environmental costs, positioning Scottie Resources for improved operational efficiency and potential profitability.
Strategic Location
The strategic location near shipping infrastructure facilitates cost-effective transport of mined resources, enhancing Scottie Resources' competitive advantage in accessing Asian markets.
Negative Factors
No Operational Revenue
The lack of operational revenue highlights the company's dependency on external funding and successful exploration outcomes, posing a risk to financial sustainability if new resources are not discovered.
Negative Cash Flow
Negative cash flow indicates high cash burn and capital expenditure needs, challenging Scottie Resources' ability to maintain operations without securing additional funding.
Asset Decline
The decline in assets and equity suggests potential challenges in maintaining financial health, which could impact Scottie Resources' ability to fund future exploration and development projects.

Scottie Resources Corp (SCOT) vs. iShares MSCI Canada ETF (EWC)

Scottie Resources Corp Business Overview & Revenue Model

Company DescriptionScottie Resources Corp., an exploration stage company, acquires, explores, and evaluates mineral properties in British Columbia, Canada. The company explores for gold, silver, and copper deposits. It holds a 100% interest in the Scottie property that includes 14 crown granted claims and 2 modified grid system (MGS) claims covering an area of 107 hectares of MGS claims and 213 hectares of crown granted claims; the Ruby Silver property that covers an area of 4,300 hectares; the Black Hills property covering an area of 1,252 hectares; and the Stock property that covers an area of 2,506.11 hectares. The company also holds interests in the American Creek properties covering an area of 2,560 hectares; the Independence property that covers an area of 2,197 hectares; and the Lower Bear properties covering an area of 4,144 hectares. In addition, it holds interests in the Silver Crown project that covers an area of 450 hectares; the Georgia project covering an area of 7,936 hectares; the Bear Pass project that covers an area of 6,000 hectares; and the Tide North project covering an area of 2,260 hectares. Further, the company has an option to acquire 100% interests in the Bow property that covers an area of 471.92 hectares; the Summit Lake property covering an area of 1,583 hectares mineral claims; and the Bitter Creek property, which consists of 42 mineral claims covering an area of 4,832 hectares. The company was formerly known as Rotation Minerals Ltd. and changed its name to Scottie Resources Corp. in January 2019. Scottie Resources Corp. was incorporated in 2009 and is based in Vancouver, Canada.
How the Company Makes MoneyScottie Resources Corp primarily makes money through the exploration and potential development of its mineral properties. The company generates revenue by discovering and defining mineral resources, which can then be sold, developed into operating mines, or partnered with larger mining companies. Scottie Resources may also earn income through joint ventures, option agreements, and royalty agreements with other mining entities interested in its projects. The company's financial success heavily depends on the discovery of economically viable mineral deposits, market conditions for gold and silver, and effective management of exploration costs.

Scottie Resources Corp Financial Statement Overview

Summary
Scottie Resources Corp shows typical characteristics of an exploration-stage mining company with no operational revenue and significant expenses leading to ongoing losses. The strong equity position and lack of debt are positives, but sustained negative cash flows and asset declines pose significant risks to future operations without new funding or revenue streams.
Income Statement
The company has consistently reported zero revenue across multiple periods, highlighting a lack of operational revenue generation typical for an exploration stage mining company. The negative EBIT and net income reflect ongoing operational and financial challenges with no gross profit or revenue growth to offset these losses.
Balance Sheet
The company maintains a healthy equity position with a strong equity ratio of approximately 95.5% as of the latest period. The absence of debt provides financial flexibility, but the declining total assets and equity indicate potential risks in long-term financial sustainability.
Cash Flow
The company has negative free cash flow, reflecting high cash burn and capital expenditure needs typical for a mining exploration company. Although financing activities have been the primary source of cash inflow, persistent negative operating cash flow raises concerns about long-term liquidity.
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue0.000.000.000.000.000.00
Gross Profit-57.71K-78.79K-74.64K-74.28K-75.92K-29.82K
EBITDA-11.08M-10.86M-3.82M-19.00M-10.55M-6.71M
Net Income-10.94M-10.94M-3.89K-19.07M-9.52M-6.39M
Balance Sheet
Total Assets14.72M14.72M11.81M9.54M19.23M22.56M
Cash, Cash Equivalents and Short-Term Investments13.15M13.15M9.30M1.46M3.54M7.27M
Total Debt0.000.000.000.000.000.00
Total Liabilities4.54M4.54M1.96M2.60M3.26M792.01K
Stockholders Equity10.18M10.18M9.85M6.93M15.97M21.76M
Cash Flow
Free Cash Flow-7.66M-7.66M-7.29M-11.12M-8.12M-6.77M
Operating Cash Flow-7.46M-7.46M-7.28M-11.00M-6.46M-5.97M
Investing Cash Flow-243.96K-243.96K8.09M-104.95K-1.81M2.02M
Financing Cash Flow11.56M11.56M7.03M9.02M4.54M6.47M

Scottie Resources Corp Technical Analysis

Technical Analysis Sentiment
Positive
Last Price1.57
Price Trends
50DMA
1.64
Positive
100DMA
1.61
Positive
200DMA
1.26
Positive
Market Momentum
MACD
<0.01
Negative
RSI
51.14
Neutral
STOCH
73.68
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:SCOT, the sentiment is Positive. The current price of 1.57 is below the 20-day moving average (MA) of 1.68, below the 50-day MA of 1.64, and above the 200-day MA of 1.26, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 51.14 is Neutral, neither overbought nor oversold. The STOCH value of 73.68 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:SCOT.

Scottie Resources Corp Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
61
Neutral
$10.43B7.12-0.05%2.87%2.86%-36.73%
53
Neutral
C$155.38M97.2636.70%-66.51%
52
Neutral
C$134.93M-9.10-62.47%-57.64%
51
Neutral
C$148.69M-23.20-20.26%-38.35%
49
Neutral
C$126.14M-7.9863.18%
49
Neutral
C$193.00M-17.5114.89%-24.08%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
TSE:SCOT
Scottie Resources Corp
1.67
0.82
96.47%
TSE:FTZ
Norseman Capital
0.50
0.35
233.33%
TSE:PGDC
Patagonia Gold
0.42
0.38
937.50%
TSE:NAU
Nevgold Corp
1.13
0.91
413.64%
TSE:VIPR
Silver Viper Minerals
1.96
1.51
335.56%
TSE:PGLD
P2 Gold
0.71
0.65
1083.33%

Scottie Resources Corp Corporate Events

Business Operations and StrategyFinancial Disclosures
Scottie Resources Extends High-Grade Gold at Blueberry Contact Zone
Positive
Jan 6, 2026

Scottie Resources reported new high-grade gold assay results from its 2025 drilling campaign at the Blueberry Contact Zone within the Scottie Gold Mine Project, including a standout intercept of 6.41 g/t gold over 14.0 metres in the Fifi vein and several other strong hits across multiple sub-zones. The results support the company’s strategy to expand its resource base, upgrade existing resources from inferred to indicated, and underpin the mine plan outlined in its recent economic study, with management emphasizing that the high-grade open-pit component could potentially fund both mine construction and underground development, reinforcing the project’s attractiveness and growth potential for stakeholders.

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

Business Operations and Strategy
Scottie Resources Unveils Promising Gold Assay Results at Scottie Gold Mine Project
Positive
Dec 11, 2025

Scottie Resources Corp has announced promising assay results from its 2025 drilling program at the P-Zone within the Scottie Gold Mine Project, highlighting significant gold mineralization. The drilling results, including intersections of 8.43 g/t gold over 11.40 meters, reinforce the potential of the project and support the company’s strategy to expand its resource base. The findings enhance geological confidence and indicate opportunities for further growth, as the zones remain open in multiple directions. This development is expected to strengthen Scottie Resources’ position in the mining industry and provide valuable insights for stakeholders.

Business Operations and StrategyRegulatory Filings and Compliance
Scottie Resources Files Promising PEA for Scottie Gold Mine Project
Positive
Dec 8, 2025

Scottie Resources Corp. has filed a Preliminary Economic Assessment (PEA) for its Scottie Gold Mine project in British Columbia, which outlines a robust Direct-Ship Ore development scenario with strong economic potential. The PEA highlights an after-tax NPV of $215.8M at a gold price of US$2,600/oz, with potential for increased value through a toll-milling scenario. The project anticipates an average annual production of approximately 65,400 oz of gold over a 7-year mine life, with a payback period of 1.7 years. This assessment underscores the project’s potential impact on Scottie’s operations and its positioning within the gold mining industry.

Business Operations and Strategy
Scottie Resources President Honored with Prestigious AME Award
Positive
Dec 4, 2025

Scottie Resources Corp announced that its President, Dr. Thomas Mumford, has been awarded the 2025 H.H. ‘Spud’ Huestis Award by the Association for Mineral Exploration for his excellence in prospecting and mineral exploration. This recognition highlights Dr. Mumford’s leadership and technical expertise in the discovery of the Blueberry Contact Zone, which has significantly advanced Scottie Resources’ position in the industry. The award underscores the company’s potential for growth and the dedication of its exploration team in unlocking new mineral resources.

Private Placements and Financing
Scottie Resources Secures Over $24 Million in Private Placement Financing
Positive
Dec 3, 2025

Scottie Resources Corp. has successfully closed its non-brokered private placement financing, raising over $24 million through the issuance of charitable flow-through shares. The proceeds will be used for eligible Canadian exploration expenses related to the Scottie Gold Mine Project, potentially enhancing the company’s exploration capabilities and market position in the mineral-rich Golden Triangle. Ocean Partners UK Limited played a significant role in the financing, increasing its stake in Scottie Resources, which may influence future investment decisions and stakeholder dynamics.

Business Operations and Strategy
Scottie Resources Generates C$9M from Successful Bulk Sample Sale
Positive
Dec 1, 2025

Scottie Resources Corp has successfully executed a ‘dry run’ of its Direct Ship Ore (DSO) model by selling a bulk sample from its Scottie Gold Mine Project, generating approximately C$9 million in net revenue. This operation not only demonstrated the scalability of their development plan but also provided valuable technical and logistical insights, reinforcing confidence in their DSO model. The proceeds from this sale will fund upcoming feasibility studies and permitting work, potentially impacting the company’s future operations and positioning within the mining industry.

Business Operations and StrategyPrivate Placements and Financing
Scottie Resources Corp. Launches $23.5 Million Financing for Gold Mine Expansion
Positive
Nov 17, 2025

Scottie Resources Corp. announced a non-brokered private placement offering of up to 10,981,308 charitable flow-through shares at $2.14 per share, aiming to raise $23.5 million. The proceeds will be used for Canadian exploration expenses related to the Scottie Gold Mine Project in British Columbia, with a focus on diamond drilling and field work during the 2026 field season. This move is expected to advance the company’s operations and strengthen its position in the mining industry, particularly in the prolific Golden Triangle region.

Business Operations and Strategy
Scottie Resources Reports Promising Drilling Results at Scottie Gold Mine
Positive
Nov 4, 2025

Scottie Resources Corp has announced promising assay results from its 2025 drilling program at the P-Zone within the Scottie Gold Mine Project. The drilling results, which include an intercept of 8.28 grams per tonne of gold over 22.35 meters, highlight the potential to expand the resource base and enhance the project’s economic viability. This development is part of the company’s strategy to increase geological confidence and convert resources from inferred to indicated classification, thereby strengthening its position in the mining sector.

Business Operations and StrategyFinancial Disclosures
Scottie Resources Unveils Promising PEA for Gold Mine Project
Positive
Oct 28, 2025

Scottie Resources Corp has announced the results of a Preliminary Economic Assessment (PEA) for its Scottie Gold Mine Project, revealing strong economic potential. The assessment outlines a Direct-Ship Ore (DSO) development scenario with an after-tax NPV ranging from $215.8 million to $668.3 million, depending on gold prices. Additionally, the potential for toll milling at a nearby facility could further enhance project economics, increasing the after-tax NPV to between $380.1 million and $831.7 million. The project is expected to have a low initial capital cost and a short payback period, highlighting its robust economic viability and growth potential.

Business Operations and StrategyExecutive/Board ChangesPrivate Placements and Financing
Scottie Resources Completes 2025 Drill Program and Strengthens Board with New Appointment
Positive
Oct 23, 2025

Scottie Resources Corp. announced the completion of its 2025 drill program, which successfully tested priority targets at the Scottie Gold Mine Project in British Columbia. The program aims to upgrade and expand existing resources, with further assay results pending. Additionally, the company appointed Brent Omland, CEO of Ocean Partners, to its Board of Directors. Ocean Partners has acquired a 10.6% equity stake in Scottie and committed to a US$25 million facility to support Scottie’s Direct-Ship-Ore Project. This strategic partnership and leadership addition are expected to enhance Scottie’s transition from exploration to development and production, potentially impacting its market positioning and stakeholder interests.

Business Operations and Strategy
Scottie Resources Reports High-Grade Gold Intercepts at Blueberry Contact Zone
Positive
Oct 9, 2025

Scottie Resources Corp has reported promising new assay results from its 2025 drilling program at the Blueberry Contact Zone within the Scottie Gold Mine Project in British Columbia. The results include high-grade gold intercepts, such as 8.37 g/t gold over 8.45 meters and 122 g/t gold over 1.2 meters, which exceed expectations and support a strong resource conversion rate from inferred to indicated. The company is conducting its largest drilling program to date, with over 25,000 meters planned, and has completed the mining, crushing, and transportation of a bulk sample, which is now awaiting final assays and technical testing.

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