Search Minerals Inc (TSE:SMY)
:SMY
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Search Minerals
(SMY)
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Rating:45Neutral
Price Target:
C$0.37
▼(-24.29% Downside)
Action:ReiteratedDate:12/30/25
The score is held down primarily by weak financial performance (pre-revenue status, ongoing losses, and negative free cash flow). Technicals are also soft with the stock below key shorter-term moving averages and negative MACD. Offsetting these, recent financing and balance-sheet actions modestly improve near-term funding flexibility, while valuation lacks support given negative earnings and no stated dividend.
Positive Factors
Regulatory Compliance
The revocation of the cease trade order indicates improved regulatory compliance, potentially enhancing market presence and operational potential.
Negative Factors
Lack of Revenue
The absence of revenue generation is a significant concern, indicating challenges in monetizing projects and achieving financial sustainability.
Read all positive and negative factors
Positive Factors
Negative Factors
Regulatory Compliance
The revocation of the cease trade order indicates improved regulatory compliance, potentially enhancing market presence and operational potential.
Read all positive factors
Search Minerals (SMY) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$16.06M
Dividend YieldN/A
Average Volume (3M)34.51K
Price to Earnings (P/E)―
Beta (1Y)0.25
Revenue GrowthN/A
EPS Growth-205.83%
CountryCA
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)N/A
Shares Outstanding44,611,217
10 Day Avg. Volume27,879
30 Day Avg. Volume34,512
Financial Highlights & Ratios
PEG Ratio2.73
Price to Book (P/B)4.15
Price to Sales (P/S)0.00
P/FCF Ratio-158.84
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Search Minerals Business Overview & Revenue Model
Company Description
Search Minerals Inc. engages in the acquisition, evaluation, and exploration of mineral resource properties in Canada. It explores for rare earth elements. The company's flagship project is the Foxtrot project located in the St Lewis. Search Miner...
How the Company Makes Money
Search Minerals generates revenue through the exploration and potential sale or partnership development of its rare earth element resources. The company's primary revenue streams include securing strategic partnerships or joint ventures with large...
Search Minerals Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
58
Neutral
Cash Flow
25
Negative
| Breakdown | TTM | Feb 2025 | Nov 2023 | Feb 2023 | Feb 2022 | Feb 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -98.10K | -121.38K | 0.00 | -166.00K | -60.63K | -85.37K |
| EBITDA | -1.02M | -399.00K | -1.29M | -1.41M | -1.97M | -1.07M |
| Net Income | -1.53M | -643.00K | -1.54M | -1.57M | -2.08M | -1.55M |
Balance Sheet | ||||||
| Total Assets | 31.03M | 30.37M | 29.47M | 29.29M | 21.65M | 13.90M |
| Cash, Cash Equivalents and Short-Term Investments | 445.05K | 456.30K | 7.29K | 457.54K | 1.62M | 100.80K |
| Total Debt | 3.44M | 1.57M | 386.18K | 80.00K | 80.00K | 686.70K |
| Total Liabilities | 6.92M | 5.21M | 3.80M | 2.35M | 802.98K | 2.30M |
| Stockholders Equity | 24.11M | 25.16M | 25.67M | 26.94M | 20.84M | 11.60M |
Cash Flow | ||||||
| Free Cash Flow | -2.05M | -657.04K | 212.29K | -2.11M | -5.38M | -1.19M |
| Operating Cash Flow | -897.21K | -436.56K | 221.58K | -1.75M | -1.84M | -433.09K |
| Investing Cash Flow | -1.35M | -389.42K | -1.11M | -7.03M | -3.54M | -758.54K |
| Financing Cash Flow | 2.69M | 1.27M | 435.06K | 7.62M | 6.90M | 1.06M |
Search Minerals Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
50 Neutral | C$11.85M | -0.32 | 22.72% | ― | ― | 158.45% | |
46 Neutral | C$14.12M | -5.43 | -34.77% | ― | ― | 86.96% | |
45 Neutral | C$16.06M | -6.64 | -6.20% | ― | ― | -205.83% | |
45 Neutral | C$11.01M | -2.74 | -26.61% | ― | ― | 76.16% | |
45 Neutral | C$13.95M | -7.52 | -92.01% | ― | ― | ― | |
43 Neutral | C$22.24M | -42.75 | -22.36% | ― | ― | -4.68% |
* Basic Materials Sector Average
TSE:SMY
Search Minerals
0.36
0.16
80.00%
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Search Minerals Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Search Minerals Strengthens Balance Sheet with Shares-for-Debt Transaction
Positive
Dec 3, 2025
Search Minerals has announced a shares-for-debt transaction with LeadFX Inc., settling $404,053.73 of outstanding debt by issuing 808,107 common shares at a price of $0.50 per share. This move is aimed at preserving cash and strengthening the comp...
Business Operations and StrategyPrivate Placements and Financing
Search Minerals Secures $3 Million Convertible Loan for Mining Projects
Positive
Nov 14, 2025
Search Minerals has finalized a convertible loan agreement with Petra Holdings Company Inc., securing a $3 million unsecured convertible revolving loan to fund the development of its Foxtrot and Deep Fox mining projects. The initial drawdown of $7...
Private Placements and Financing
Search Minerals Secures $843,847 in Private Placement Financing
Positive
Nov 7, 2025
Search Minerals has successfully closed its non-brokered private placement financings, raising $843,847 in gross proceeds. The funds will be allocated towards Canadian exploration expenses for the company’s Foxtrot and Deep Fox projects, wit...
Business Operations and StrategyExecutive/Board Changes
Search Minerals Appoints New CFO to Bolster Financial Strategy
Positive
Oct 17, 2025
Search Minerals has appointed Jason Macintosh as its new Chief Financial Officer. With over 25 years of finance experience, Macintosh aims to support the company’s financial strategy and drive long-term shareholder value as it advances its c...
Private Placements and Financing
Search Minerals Amends Private Placement Terms to Raise $993,847
Neutral
Oct 10, 2025
Search Minerals has amended the terms of its non-brokered private placement financings, increasing the share price for its hard-dollar private placement from $0.25 to $0.33 per share, aiming for gross proceeds of up to $993,847. The funds from the...
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.