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Solis Minerals Ltd (TSE:SLMN)
:SLMN

Solis Minerals Ltd (SLMN) AI Stock Analysis

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Solis Minerals Ltd

(SLMN)

Rating:43Neutral
Price Target:
Solis Minerals Ltd faces substantial financial difficulties, with no revenue and negative profitability metrics, which heavily weigh on the stock score. Positive technical indicators suggest potential short-term momentum, but the negative valuation metrics and lack of profitability are significant concerns. Despite promising corporate developments in exploration, the financial instability remains the dominant factor affecting the stock's attractiveness.

Solis Minerals Ltd (SLMN) vs. iShares MSCI Canada ETF (EWC)

Solis Minerals Ltd Business Overview & Revenue Model

Company DescriptionSolis Minerals Ltd (SLMN) is a minerals exploration company focused on the acquisition, exploration, and development of mineral properties in regions rich in natural resources. The company primarily targets copper and other base metals, leveraging its extensive geological expertise to identify and develop high-potential mining projects. Solis Minerals aims to contribute to the global supply of essential minerals needed for various industrial applications, including renewable energy technologies.
How the Company Makes MoneySolis Minerals Ltd makes money through the exploration and development of mineral properties, primarily targeting copper and other base metals. The company's primary revenue streams include the sale of mineral rights or extracted resources to larger mining companies or directly to market. Additionally, Solis Minerals may enter into joint ventures or partnerships with other mining firms to share the risks and rewards of mineral exploration and development. The company's earnings are significantly influenced by the fluctuating prices of base metals in the global market, as well as their ability to efficiently manage exploration costs and optimize mining operations.

Solis Minerals Ltd Financial Statement Overview

Summary
Solis Minerals Ltd is facing significant financial challenges, with no revenue generation and consistently negative profitability metrics. Despite low debt levels, the company's declining equity and asset base raise concerns about its long-term sustainability. The cash flow analysis reinforces the liquidity and operational funding difficulties.
Income Statement
10
Very Negative
Solis Minerals Ltd has reported zero revenue over the analyzed periods, indicating no sales or operational income generation. The company consistently incurs losses, with a notably high negative net income, reflecting significant operational and financial challenges. The lack of revenue growth and persistent negative margins suggest a concerning financial trajectory.
Balance Sheet
30
Negative
The company maintains a low debt-to-equity ratio, which indicates conservative leverage and potential financial stability. However, the equity ratio has fluctuated, with recent decreases indicating potential risks in asset management or financial strategy. The overall low liabilities are a positive aspect, but the declining asset base poses concerns.
Cash Flow
25
Negative
Solis Minerals Ltd exhibits negative operating and free cash flows, indicating challenges in sustaining operational activities and funding through internal cash generation. The lack of positive free cash flow growth further highlights financial strain, while the cash flow to net income ratios are not favorable, emphasizing liquidity issues.
BreakdownTTMJun 2024Jun 2023Jun 2022Jun 2021Jun 2020
Income Statement
Total Revenue0.000.000.000.000.000.00
Gross Profit-11.54K-25.59K-1.53K-1.94K-142.00K-156.00K
EBITDA-2.03M-2.47M-1.46M-3.11M-25.99K-309.00K
Net Income-10.62M-11.97M-1.46M-3.12M-185.00K-492.00K
Balance Sheet
Total Assets9.20M11.63M5.22M7.10M6.16M3.51M
Cash, Cash Equivalents and Short-Term Investments719.70K3.92M113.04K3.57M2.55M10.05K
Total Debt15.51K24.82K0.000.0051.02K292.81K
Total Liabilities505.04K447.08K553.02K976.16K536.19K1.68M
Stockholders Equity8.70M11.18M4.66M6.13M5.62M1.83M
Cash Flow
Free Cash Flow-3.18M-2.69M-3.69M-626.03K53.73K
Operating Cash Flow-1.42M-1.53M-1.99M-425.97K53.73K
Investing Cash Flow-1.76M-1.92M-1.66M-200.06K0.00
Financing Cash Flow-10.99K10.18K0.004.68M3.16M-53.40K

Solis Minerals Ltd Technical Analysis

Technical Analysis Sentiment
Negative
Last Price0.08
Price Trends
50DMA
0.09
Negative
100DMA
0.09
Negative
200DMA
0.09
Negative
Market Momentum
MACD
>-0.01
Negative
RSI
45.01
Neutral
STOCH
66.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:SLMN, the sentiment is Negative. The current price of 0.08 is below the 20-day moving average (MA) of 0.08, below the 50-day MA of 0.09, and below the 200-day MA of 0.09, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 45.01 is Neutral, neither overbought nor oversold. The STOCH value of 66.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:SLMN.

Solis Minerals Ltd Peers Comparison

Overall Rating
UnderperformOutperform
Sector (43)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
TSCNC
54
Neutral
$185.97M-6.04%91.44%
TSNIM
51
Neutral
C$88.54M-122.83%-370.49%
TSNIM
51
Neutral
C$88.54M-122.83%-370.49%
TSAMY
45
Neutral
C$11.65M-25.44%52.14%
43
Neutral
AU$1.41B-6.02-40.74%3.99%-3.45%-41.76%
43
Neutral
$11.29M-102.55%-135.92%
TSELO
36
Underperform
C$117.35M-6.55%13.39%
TSRCK
36
Underperform
C$108.10M-37.93%48.98%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
TSE:SLMN
Solis Minerals Ltd
0.08
>-0.01
-11.11%
TSE:ELO
Eloro Resources
1.24
-0.06
-4.62%
TSE:NIM
Nicola Mining
0.70
0.38
118.75%
TSE:NIM
Nicola Mining
0.70
0.38
118.75%
TSE:AMY
RecycLiCo Battery Materials
0.04
-0.08
-66.67%
TSE:RCK
Rock Tech Lithium
1.00
-0.61
-37.89%
TSE:CNC
Canada Nickel Company
0.88
-0.33
-26.97%

Solis Minerals Ltd Corporate Events

Executive/Board ChangesPrivate Placements and FinancingBusiness Operations and Strategy
Solis Minerals Advances Copper-Gold Exploration in Peru
Positive
Apr 30, 2025

Solis Minerals Ltd announced significant progress in its copper-gold exploration projects in Peru, supported by a successful A$4.5 million placement. The company identified new copper-gold targets at its Chocolate and Cinto projects and received drilling approvals for its Ilo Este and Chancho al Palo projects, with drilling expected to commence soon. The appointment of Mitch Thomas as CEO, who brings extensive experience in South American operations, is expected to bolster the company’s strategic initiatives. With copper and gold prices at near all-time highs, Solis is well-positioned to capitalize on its exploration activities and strengthen its market positioning.

Spark’s Take on TSE:SLMN Stock

According to Spark, TipRanks’ AI Analyst, TSE:SLMN is a Underperform.

Solis Minerals Ltd faces significant financial challenges, with no revenue and persistent negative profitability metrics, which weigh heavily on the overall stock score. Despite positive technical indicators suggesting potential upward momentum, the valuation concerns and lack of profitability present substantial risks. Recent corporate events and exploration activities offer some optimism, but the financial instability remains the dominant factor.

To see Spark’s full report on TSE:SLMN stock, click here.

Private Placements and FinancingBusiness Operations and Strategy
Solis Minerals Completes Tranche 2 Placement, Fortifying Copper Exploration Efforts
Positive
Apr 24, 2025

Solis Minerals Ltd. successfully closed Tranche 2 of its Placement, raising gross proceeds of A$2,633,296.35 by issuing 30,979,957 CHESS Depositary Interests over common shares and 26,470,627 unlisted options. The placement was approved by shareholders and included performance rights issued to the CEO and Directors. This move strengthens Solis Minerals’ financial position as it continues to explore copper opportunities in South America, enhancing its strategic positioning in the global copper market.

Spark’s Take on TSE:SLMN Stock

According to Spark, TipRanks’ AI Analyst, TSE:SLMN is a Neutral.

Solis Minerals Ltd’s overall stock score is driven by significant financial challenges and valuation concerns, offset by positive technical indicators and promising corporate developments. While exploration activities provide potential upside, the lack of profitability and liquidity issues weigh heavily on the stock’s attractiveness.

To see Spark’s full report on TSE:SLMN stock, click here.

Business Operations and Strategy
Solis Minerals Unveils Promising Copper Finds at Cinto Project, Peru
Positive
Apr 23, 2025

Solis Minerals Ltd has announced additional high-grade copper mineralization at its Cinto Project in Peru, with new channel samples revealing significant copper porphyry mineralization. The results indicate a potential area of mineralization spanning 3km by 0.75km, with similarities to the nearby Toquepala mine. The company is planning an Induced-Polarisation survey and has initiated permitting for drilling in the second half of 2025. This development enhances Solis Minerals’ positioning in the copper exploration sector, potentially increasing its resource base and attracting interest from stakeholders.

Spark’s Take on TSE:SLMN Stock

According to Spark, TipRanks’ AI Analyst, TSE:SLMN is a Neutral.

Solis Minerals Ltd faces significant financial challenges, with no revenue generation and a negative P/E ratio, which are primary factors in the low overall score. While technical analysis shows potential upward momentum, the financial instability and lack of profitability weigh heavily on the stock’s attractiveness. Positive corporate developments provide some optimism but are overshadowed by financial difficulties.

To see Spark’s full report on TSE:SLMN stock, click here.

Business Operations and Strategy
Solis Minerals Initiates Drilling at Chancho al Palo Project in Peru
Positive
Apr 8, 2025

Solis Minerals Ltd has announced the commencement of a 7,500-meter diamond drilling campaign at its Chancho al Palo copper-gold project in Peru, with drilling expected to begin imminently. The company has also received permits for its Ilo Este project, with drilling anticipated to start soon. These projects are part of Solis Minerals’ strategy to identify significant copper-gold resources in southern Peru, leveraging the current high prices of copper and gold to enhance shareholder value. The projects are located in a region with existing major international mining operations, and the company expects to provide regular updates as the drilling progresses.

Spark’s Take on TSE:SLMN Stock

According to Spark, TipRanks’ AI Analyst, TSE:SLMN is a Underperform.

Solis Minerals Ltd faces significant financial difficulties with no revenue and negative profitability, impacting its stock score negatively. While strategic corporate events and funding initiatives provide a positive outlook for future exploration activities, current financial instability and bearish technical indicators weigh heavily on the overall assessment. The negative P/E ratio and lack of dividend yield further reflect the challenges faced by investors in this stock.

To see Spark’s full report on TSE:SLMN stock, click here.

Private Placements and FinancingShareholder Meetings
Solis Minerals Secures TSXV Extension for Tranche 2 Placement
Neutral
Mar 26, 2025

Solis Minerals Limited has received approval from the TSX Venture Exchange for a 30-day extension to close its Tranche 2 placement, originally announced on February 26, 2025. This extension accommodates a Special Shareholder Meeting scheduled for April 16, 2025, allowing the company to align its financial strategies with shareholder interests.

Private Placements and FinancingBusiness Operations and Strategy
Solis Minerals Closes First Tranche of Placement, Strengthening Financial Position
Positive
Mar 5, 2025

Solis Minerals Ltd. has successfully closed Tranche 1 of its Placement, raising A$1,866,703.70 through the issuance of 21,961,220 CHESS Depositary Interests over common shares. This move increases the company’s total issued equity capital to 109,806,103 shares. The completion of Tranche 2 is pending shareholder approval, expected in early April 2025. The placement strengthens Solis Minerals’ financial position, potentially enhancing its exploration capabilities in the copper-rich regions of South America, thereby reinforcing its strategic market positioning.

Private Placements and FinancingBusiness Operations and Strategy
Solis Minerals Secures $4.5 Million for Peru Drilling Initiatives
Positive
Feb 26, 2025

Solis Minerals Limited has secured A$4.5 million in funding through a placement to institutional and sophisticated investors, with strong support from both new and existing stakeholders. The funds will be used to advance drilling at key copper targets in southern Peru, including Ilo Este and Chancho al Palo, and to support pre-drilling and exploration work at other projects. This financial boost positions Solis Minerals strongly for its upcoming drilling programs, with expectations of significant developments in 2025.

Delistings and Listing ChangesPrivate Placements and Financing
Solis Minerals Initiates Trading Halt Ahead of Capital Raising Announcement
Neutral
Feb 25, 2025

Solis Minerals Limited has requested a trading halt on its securities on the ASX and TSX Venture Exchange pending an announcement regarding a capital raising or private placement. The halt is expected to last until February 26, 2025, or until the announcement is made, indicating a strategic move that could impact the company’s financial positioning and stakeholder interests.

Business Operations and Strategy
Solis Minerals Identifies New Copper-Gold Targets at Chocolate Project in Peru
Positive
Feb 20, 2025

Solis Minerals Limited has identified new copper-gold porphyry and IOCG targets at its Chocolate Project in Peru, with notable sample grades including 4.92% copper and 2.47g/t gold. The company is advancing its exploration efforts with further geophysics and geochemistry surveys to refine drill targets, receiving a drilling permit for its Chancho al Palo project, and aiming to expand its pipeline of drilling opportunities, enhancing the project’s prospectivity along the Coastal Belt.

Executive/Board ChangesBusiness Operations and Strategy
Solis Minerals Appoints Mitch Thomas as CEO, Strengthening Leadership for Peru Copper Projects
Positive
Feb 12, 2025

Solis Minerals Ltd has announced the appointment of Mitch Thomas as the new Chief Executive Officer, with Mike Parker transitioning to Technical Director. Mitch Thomas brings extensive experience in corporate and project development within the mining sector, particularly in South America, which positions Solis Minerals for potential growth and success in its upcoming drilling campaign in Peru. The shift in leadership is expected to enhance the company’s strategic operations, reinforcing its strong position in the copper exploration market.

Business Operations and Strategy
Solis Minerals Expands Copper Exploration at Cinto Project in Peru
Positive
Feb 11, 2025

Solis Minerals Limited announced significant advancements in their exploration activities at the Cinto Project in Peru, confirming extensive copper porphyry mineralization through rock and channel sampling. The project shows geological similarities to the nearby Toquepala Copper Mine, suggesting potential for large-scale porphyry copper deposits. With plans for an induced-polarization survey and drilling permits underway, Solis is poised to enhance its industry positioning by expanding its mineralization footprint and identifying drill targets for the second half of 2025.

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: Apr 30, 2025