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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 54 (OpenAI - 5.2)
Rating:54Neutral
Price Target:
C$3.00
â–²(91.08% Upside)
Action:ReiteratedDate:02/18/26
The score is held down primarily by weak financial performance (no revenue, ongoing losses, and persistent cash burn), despite a clean, debt-free balance sheet. Technicals are a key positive with a strong trend above major moving averages and positive momentum. Valuation is constrained by negative earnings (negative P/E) and no dividend support.
Positive Factors
Debt-free balance sheet
A zero-debt capital structure materially reduces refinancing pressure and interest obligations, giving management durable financial flexibility to fund exploration or negotiate joint ventures. Over months this lowers insolvency risk and preserves optionality for asset monetization without fixed debt servicing.
Golden Triangle project focus
Concentrated holdings in a notable mineral province align the company with structurally attractive exploration potential. This location-centric strategy can sustainably enhance probability of discovery and makes projects more appealing for long-term partnerships, optioning, or royalty deals.
Improving free cash flow trend
An improving free-cash-flow trend, even from negative levels, signals progress in capital efficiency or lower near-term outlays. If sustained, this durable trend can extend runway, reduce reliance on immediate financings, and improve leverage in negotiations with JV partners or buyers.
Negative Factors
No revenue, persistent losses
Operating without any revenue means the firm cannot self-fund exploration or corporate costs; persistent net losses erode equity and require external capital. Structurally, this places long-term dependence on financing or asset sales and increases dilution risk over the next several months.
Consistent negative cash generation
Sustained negative operating and free cash flow create an ongoing funding gap that necessitates recurring equity raises or asset disposals. This structural cash-burn profile raises financing execution risk, can delay programs, and pressures management to seek dilutive or value-transferring transactions.
Declining equity / shrinking asset cushion
A falling equity base and variable asset levels reduce the company’s balance-sheet buffer, limiting ability to absorb exploration setbacks or tap debt markets. Over months this weaker cushion increases vulnerability to unfavorable financing terms and constrains strategic optionality.

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
Income statement and cash flow are very weak: no revenue across periods, persistent operating losses, and consistently negative operating/free cash flow implying ongoing funding needs. The main offset is a debt-free balance sheet, but equity has trended down and ROE is negative.
Income Statement
9
Very Negative
The company reports no revenue across the entire history provided (including TTM (Trailing-Twelve-Months)), while losses remain sizable and volatile. Net loss widened materially from 2024 to 2025 (annual net income moved from near breakeven in 2024 to a large loss in 2025), and TTM results remain deeply negative. With no top-line base and persistent operating losses, profitability and earnings quality are weak despite some year-to-year improvement versus the very large loss in 2023.
Balance Sheet
55
Neutral
The balance sheet is conservatively structured with zero debt in every period shown, reducing financial risk and refinancing pressure. However, equity has trended down from earlier years (notably from 2021/2022 levels to 2024/2025), and returns on equity are negative, reflecting ongoing losses and dilution/asset consumption risk typical of pre-revenue operators. Asset levels also fluctuate, signaling a shrinking cushion at times.
Cash Flow
18
Very Negative
Cash generation is consistently negative, with operating cash flow and free cash flow remaining meaningfully below zero in all periods, including TTM (Trailing-Twelve-Months). While free cash flow improved versus the prior year (strong growth rate off a negative base), the business still requires external funding to sustain operations. The pattern of cash burn is persistent and large relative to the scale of the balance sheet, which is the key financial risk.
BreakdownNov 2025Nov 2024Nov 2023Nov 2022Nov 2021
Income Statement
Total Revenue0.000.000.000.000.00
Gross Profit-78.79K-74.64K-74.28K-75.92K-29.82K
EBITDA-10.86M-3.82M-19.00M-10.55M-6.71M
Net Income-10.94M-3.89K-19.07M-9.52M-6.39M
Balance Sheet
Total Assets14.72M11.81M9.54M19.23M22.56M
Cash, Cash Equivalents and Short-Term Investments13.15M9.30M1.46M3.54M7.27M
Total Debt0.000.000.000.000.00
Total Liabilities4.54M1.96M2.60M3.26M792.01K
Stockholders Equity10.18M9.85M6.93M15.97M21.76M
Cash Flow
Free Cash Flow-7.66M-7.29M-11.12M-8.12M-6.77M
Operating Cash Flow-7.46M-7.28M-11.00M-6.46M-5.97M
Investing Cash Flow-243.96K8.09M-104.95K-1.81M2.02M
Financing Cash Flow11.56M7.03M9.02M4.54M6.47M

Scottie Resources Corp Technical Analysis

Technical Analysis Sentiment
Positive
Last Price1.57
Price Trends
50DMA
2.16
Positive
100DMA
1.90
Positive
200DMA
1.54
Positive
Market Momentum
MACD
0.18
Positive
RSI
52.57
Neutral
STOCH
11.83
Positive
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 2.67, below the 50-day MA of 2.16, and above the 200-day MA of 1.54, indicating a neutral trend. The MACD of 0.18 indicates Positive momentum. The RSI at 52.57 is Neutral, neither overbought nor oversold. The STOCH value of 11.83 is Positive, 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%
54
Neutral
C$198.09M-3.64-195.55%――63.18%
52
Neutral
C$118.99M-5.27-62.47%――-57.64%
51
Neutral
C$172.44M-14.09-20.18%――-38.35%
47
Neutral
C$488.30M-46.39――14.89%-24.08%
46
Neutral
C$199.28M-20.7984.07%――-66.51%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
TSE:SCOT
Scottie Resources Corp
2.62
1.71
187.91%
TSE:FTZ
Norseman Capital
0.50
0.30
147.50%
TSE:PGDC
Patagonia Gold
1.05
1.01
2525.00%
TSE:NAU
Nevgold Corp
1.24
1.00
406.12%
TSE:VIPR
Silver Viper Minerals
1.28
0.96
293.85%
TSE:PGLD
P2 Gold
0.78
0.70
875.00%

Scottie Resources Corp Corporate Events

Business Operations and Strategy
Scottie Resources Hits Broad High-Grade Gold at Blueberry Zone in Largest Drill Program to Date
Positive
Feb 25, 2026

Scottie Resources reported final assay results from its 2025 drill campaign at the Blueberry Contact Zone within the Scottie Gold Mine Project in northern British Columbia. The company drilled more than 27,300 metres across 126 holes in its largest program to date, including specialized work on ground stability and water studies to support potential future mine development.

The season delivered the best gold intercept ever recorded on the property and demonstrated consistent high-grade mineralization across multiple subzones. Nearly half of all holes returned strong gold grades, and a notable portion delivered exceptionally high grades, reinforcing the project’s potential as Scottie moves toward an ambitious 2026 drill program and progression to a feasibility study targeted for 2027.

The most recent analyst rating on (TSE:SCOT) stock is a Hold with a C$3.00 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 Extends High-Grade Gold Continuity at Blueberry Zone
Positive
Feb 17, 2026

Scottie Resources reported new high-grade assay results from its 2025 drill program at the Blueberry Contact Zone on the Scottie Gold Mine Project in northern British Columbia. The work has turned Blueberry from a lightly drilled vein into a core growth asset, with the PEA envisioning initial open-pit mining at Blueberry followed by underground mining at both Blueberry and the historic Scottie Gold Mine.

Recent infill and expansion drilling returned standout intercepts including 141 g/t gold over 4.55 metres and 54.6 g/t gold over 7.05 metres, alongside numerous other high-grade gold and silver hits across subzones such as Fifi, BB Vein, and Lemoffe. Management says the consistent grades and continuity at Blueberry strengthen the project’s development strategy and suggest potential to improve already robust project economics and create further value for shareholders.

The most recent analyst rating on (TSE:SCOT) stock is a Hold with a C$2.00 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 Extends High-Grade Gold Mineralization at Blueberry Contact Zone
Positive
Feb 10, 2026

Scottie Resources reported additional high-grade gold assay results from its 2025 drilling program at the Blueberry Contact Zone within the Scottie Gold Mine Project in British Columbia. The latest intercepts, including 30.42 grams per tonne gold over 5.60 metres and 9.67 grams per tonne gold over 8.85 metres, come from the BB Vein and Fifi Vein zones and underscore the presence of shallow, well-defined mineralization.

These results support the recently released preliminary economic assessment by demonstrating strong grade continuity across wide vein zones that are integral to the early underground mine plan. Ongoing geological modelling of the 2025 drilling data is refining the understanding of the Blueberry Contact Zone, guiding target generation and drill priorities for the upcoming field season and bolstering confidence in the project’s near-term production potential and value growth.

The most recent analyst rating on (TSE:SCOT) stock is a Hold with a C$2.00 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 Extends High-Grade Gold at Blueberry Contact Zone
Positive
Feb 10, 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 in northern British Columbia. The latest holes returned standout intercepts, including 30.42 grams per tonne gold over 5.60 metres and 9.67 grams per tonne gold over 8.85 metres from the BB and Fifi vein systems.

These shallow, well-defined zones are described as integral to the early years of Scottie’s underground mine plan and are aligned with assumptions used in its recently released preliminary economic assessment. Management says the strong grade continuity across wide vein zones is boosting confidence in mine design and near-term production potential, while ongoing geological modelling will guide drill targeting to expand high-grade zones and test new concepts in the coming field season.

The most recent analyst rating on (TSE:SCOT) stock is a Hold with a C$2.00 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 Extends High-Grade Gold Mineralization at Blueberry Contact Zone
Positive
Feb 3, 2026

Scottie Resources reported new high-grade gold assay results from its 2025 drill program at the Blueberry Contact Zone on the Scottie Gold Mine Project in northwestern British Columbia, including standout intercepts of 15.8 g/t gold over 12.0 metres and 10.4 g/t gold over 8.95 metres. The latest drilling continues to confirm strong grade and continuity within areas covered by a recent preliminary economic assessment, while step-out holes are extending mineralization beyond the current conceptual open-pit limits, underscoring both the geological predictability of the system and the project’s growth and exploration upside as Scottie works to de-risk the asset and support future mine planning.

The most recent analyst rating on (TSE:SCOT) stock is a Hold with a C$2.00 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 Extends High-Grade Gold at Blueberry Contact Zone, Bolstering Scottie Mine Economics
Positive
Jan 28, 2026

Scottie Resources reported further strong assay results from its 2025 drilling program at the Blueberry Contact Zone on the Scottie Gold Mine Project, including intercepts of 34.3 g/t gold over 3.30 metres and 9.97 g/t gold over 9.70 metres across multiple vein zones. The new results, which feature several near-surface high-grade intervals and robust grades from the Road, BB Vein, Lemoffe and FiFi subzones, bolster confidence in the continuity and predictability of the mineralized system and help de-risk the project’s recent economic study by improving confidence in mine planning and future development scenarios, with the company emphasizing it is fully funded to continue drilling in 2026.

The most recent analyst rating on (TSE:SCOT) stock is a Hold with a C$2.00 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 Hits High-Grade Gold at Scottie Mine, Bolstering Economics of B.C. Project
Positive
Jan 22, 2026

Scottie Resources reported strong 2025 drill results from multiple high-grade zones at its Scottie Gold Mine Project, highlighted by 14.8 g/t gold over 9.8 metres, including 69.8 g/t over 2.0 metres in the M-Zone, and 17.6 g/t gold over 4.4 metres, alongside additional notable intercepts from the Wolf, P-, N-, L- and O-Zones. Management says the grades, which significantly exceed typical global open-pit and underground averages, enhance the project’s economic potential, de-risk and strengthen its new PEA, and support the case for capital-light development leveraging existing mine infrastructure; the company will use the 2025 results and drone-assisted 3D scanning of historic workings to remodel vein zones, refine 2026 drill targeting, and pursue further resource expansion.

The most recent analyst rating on (TSE:SCOT) stock is a Hold with a C$2.00 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 Posts High-Grade Gold Hits, Bolstering Scottie Mine Economics
Positive
Jan 22, 2026

Scottie Resources reported the final 2025 drill results from the Scottie Gold Mine and associated vein systems, highlighted by a 14.8 g/t gold intercept over 9.8 metres, including 69.8 g/t over 2.0 metres, in the M-Zone, as well as 17.6 g/t over 4.4 metres and several other high-grade hits in the M- and Wolf Zones. Management said these consistently strong grades, which exceed typical global open-pit and underground averages, enhance the economic potential and de-risk the company’s recently released preliminary economic assessment by reinforcing confidence in a robust, multi-zone mineralized system near existing underground workings, and will inform 2026 drilling and 3D mine-scanning programs aimed at resource expansion, better mine planning and potentially more capital-efficient development.

The most recent analyst rating on (TSE:SCOT) stock is a Hold with a C$2.00 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 Hits High-Grade Gold and Discovers New Vein at Scottie Gold Mine Project
Positive
Jan 15, 2026

Scottie Resources reported strong 2025 drill results from the Fifi, Road and Bend areas of its Scottie Gold Mine Project in northwest British Columbia, including a standout intercept of 16.1 g/t gold over 4.6 metres at the Fifi vein and the discovery of a new near-surface gold vein in the Bend area. The campaign also returned high-grade mineralization at the Road Zone outside the current resource model but within the existing open-pit shell, supporting resource expansion potential, improved grade continuity, and greater flexibility for future mine planning, which collectively enhances the project’s economic prospects and underscores the upside of Scottie’s systematic exploration strategy.

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 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.

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: Feb 18, 2026