Slave Lake Zinc Corp (SLZ) AI Stock Analysis

• Market Cap: C$2.34M
• Dividend Yield: N/A
• Average Volume (3M): 27.36K
• Price to Earnings (P/E): ―
• Beta (1Y): 2.12
• Revenue Growth: N/A
• EPS Growth: 39.34%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): N/A
• Shares Outstanding: 58,467,210
• 10 Day Avg. Volume: 27,890
• 30 Day Avg. Volume: 27,363
• PEG Ratio: 0.44
• Price to Book (P/B): 20.37
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -36.79
• 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: 47 Neutral
• Price Target: C$0.04 ▼(-2.50% Downside)

The score is primarily held back by weak financial performance as a pre-revenue company with ongoing losses, negative cash flow, and a shrinking equity cushion (higher funding/dilution risk). Technicals are neutral and do not materially offset the fundamental risk, while valuation is constrained by a negative P/E and no dividend support.

Positive Factors

Narrowing net losses

Consistent reduction in net losses over multiple years indicates stronger cost discipline and operational tightening. This durable trend extends runway and reduces frequency of emergency capital raises, improving the firm's ability to execute medium-term development plans if sustained.

Reduced operating cash burn

A material reduction in operating cash outflows demonstrates improved spending control and lower ongoing financing needs. Sustained lower cash burn enhances financial flexibility and lengthens runway, making future project advancement or commercialization more achievable without immediate large capital infusions.

Modest, stable leverage

Low absolute debt and stable asset levels imply limited leverage risk and fewer covenant constraints. This structural balance-sheet profile preserves strategic optionality for a pre‑commercial miner, enabling measured financing or project spending decisions without immediate solvency pressure if losses remain controlled.

Negative Factors

Pre-revenue operations

Absence of revenue leaves the company's business model unproven and creates high execution risk. Without commercial sales, there is no visibility on pricing, margins, or operating leverage; long-term viability depends on successful project development and sustained capital support to reach commercialization.

Sharply shrinking equity cushion

A rapidly declining equity base materially reduces the company's shock-absorbing capacity and raises the probability of dilutive financing. Over months to quarters this weakens credit and investor confidence, increasing funding costs and the likelihood of equity issuance that dilutes existing holders.

Persistent negative cash generation

Chronic negative operating and free cash flow creates a structural dependency on external capital. Even with improved burn, sustained negative generation forces periodic fundraising, constrains investment choices, and can limit the firm's ability to scale or respond to protracted development timelines without dilution.

Slave Lake Zinc Corp Business Overview & Revenue Model

Company Description

Slave Lake Zinc Corp. acquires, explores for, and develops mineral property assets in Canada. The company primarily explores for zinc, lead, copper, and silver deposits. It holds a 100% interest in the O'Connor Lake property located in the South Slave region of the Northwest Territories. The company was incorporated in 2016 and is headquartered in North Vancouver, Canada.

How the Company Makes Money

Slave Lake Zinc Corp generates revenue primarily through the exploration and development of mineral properties, with a particular focus on zinc deposits. The company's revenue model involves discovering and evaluating mineral-rich sites, conducting feasibility studies, and eventually developing these sites into operational mines. Revenue is generated from the sale of extracted zinc and associated minerals to industrial buyers and commodity markets. Additionally, Slave Lake Zinc Corp may enter into joint ventures or partnerships with larger mining companies to co-develop projects, which can provide additional funding and expertise to bring projects to fruition. Licensing agreements and strategic partnerships can further contribute to the company's earnings by leveraging resources and sharing risks.

Slave Lake Zinc Corp Financial Statement Overview

Summary

Pre-revenue results with persistent losses and negative free cash flow keep fundamentals weak, despite meaningful improvement in net loss and reduced cash burn versus prior years. Balance sheet leverage is modest, but the sharp decline in equity increases financing and dilution risk if losses continue.

Income Statement

The company has reported no revenue across the period provided, indicating it remains pre-commercial. Losses are persistent but have narrowed materially over time (net loss improved from about -$800k in 2022 and -$837k in 2023 to about -$275k in 2024 and -$210k in 2025), suggesting cost containment. The key weakness is the absence of revenue generation, which limits visibility into operating leverage and the path to sustainable profitability.

Balance Sheet

Leverage appears manageable in the most recent years, with total debt steady at ~$150k from 2022–2025, and equity still positive (about $110k in 2025), implying the balance sheet has not yet become distressed. However, equity has fallen sharply (from ~$595k in 2023 to ~$110k in 2025), reflecting cumulative losses and reduced financial cushion. Total assets have remained relatively stable (~$680k–$833k in 2022–2025), but the declining equity base raises dilution/financing risk if losses continue.

Cash Flow

Cash burn continues, with operating cash flow negative each year (improving from -$732k in 2023 to -$39k in 2024, but worsening modestly to -$61k in 2025). Free cash flow is also consistently negative, though the scale is far lower than in 2023, indicating better spending discipline. The main weakness is that ongoing negative cash generation likely requires external funding support over time, and free cash flow has been volatile year-to-year.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	0.00	0.00	0.00	0.00	0.00	0.00
EBITDA	-203.96K	-209.58K	-267.00K	-493.00K	-727.00K	-728.00K
Net Income	-209.58K	-209.58K	-275.00K	-837.00K	-800.00K	-795.00K
Balance Sheet
Total Assets	769.92K	769.92K	680.06K	817.79K	832.78K	868.01K
Cash, Cash Equivalents and Short-Term Investments	20.57K	20.57K	21.06K	84.67K	174.31K	435.26K
Total Debt	150.00K	150.00K	150.00K	150.00K	150.00K	483.27K
Total Liabilities	659.69K	659.69K	360.25K	223.08K	423.96K	721.20K
Stockholders Equity	110.23K	110.23K	319.82K	594.71K	408.81K	146.81K
Cash Flow
Free Cash Flow	-61.18K	-61.02K	-63.61K	-741.94K	-478.25K	-667.91K
Operating Cash Flow	-61.02K	-61.02K	-38.99K	-732.14K	-268.29K	-531.24K
Investing Cash Flow	-59.47K	-59.47K	-24.62K	-9.79K	-209.96K	-136.68K
Financing Cash Flow	120.00K	120.00K	0.00	652.30K	217.30K	991.80K

Slave Lake Zinc Corp Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.04
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:SLZ, the sentiment is Negative. The current price of 0.04 is below the 20-day moving average (MA) of 0.05, below the 50-day MA of 0.04, and above the 200-day MA of 0.04, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 44.32 is Neutral, neither overbought nor oversold. The STOCH value of 11.11 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:SLZ.

Slave Lake Zinc Corp 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%
QNI	49 Neutral	C$2.91M	-0.24	-166.29%	―	―	-1500.15%
SLZ	47 Neutral	C$2.34M	-10.81	-73.73%	―	―	39.34%
DCOP	46 Neutral	C$2.03M	-1.50	-73.19%	―	―	-68.07%
NNX	45 Neutral	C$5.27M	-9.38	―	―	―	14.29%
CPL	27 Underperform	C$6.78M	-9.58	-55.49%	―	―	62.50%

Slave Lake Zinc Corp Corporate Events

Slave Lake Zinc Confirms District-Scale High-Grade Potential at O’Connor Lake

Slave Lake Zinc Corp. has reported encouraging late-2025 exploration results from its O’Connor Lake property in the Northwest Territories, confirming high-grade lead and zinc mineralization in newly identified vein systems several kilometres from the historic Shaft Zone. Assays returned grades of up to 7.75% lead and 6.62% zinc, with notable copper values of 0.17% to 0.92% and silver up to 19.5 g/t, supporting the presence of a district-scale, multi-element hydrothermal system that could host substantial tonnage. The results validate the company’s regional exploration model and suggest that high-grade mineralization is more widespread than previously understood, enabling Slave Lake Zinc to design a more targeted 2026 exploration program focused on detailed structural mapping, geophysical surveys and prioritizing drill targets, with backing from the Northwest Territories Government’s Mineral Incentive Program.