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Alianza Minerals Ltd (TSE:SNAG)
:SNAG

Alianza Minerals (SNAG) AI Stock Analysis

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TSE:SNAG

Alianza Minerals

(SNAG)

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Neutral 48 (OpenAI - 5.2)
Rating:48Neutral
Price Target:
C$0.41
▼(-17.14% Downside)
The score is held back primarily by weak financial performance (no revenue, ongoing losses, and cash burn). Technicals are moderately supportive (price above longer-term averages and positive MACD), but valuation remains unattractive/limited due to a negative P/E and no dividend data.
Positive Factors
Zero Debt / Conservative Solvency
The company’s zero-debt balance sheet reduces solvency risk and preserves optionality for exploration programs. Over 2-6 months this supports continuing project work, lowers fixed obligations versus peers, and makes the company more flexible when structuring partner-funded JV deals.
Growing Equity and Asset Base
Meaningful growth in equity and assets signals capital deployment into the project portfolio and stronger financial capacity. This durable expansion increases ability to fund exploration, attract joint-venture partners, and supports longer-term project advancement without immediate asset sales.
Improving Cash Burn Trend
Recent narrowing of free-cash-flow losses and a smaller 2025 net loss indicate improving cash burn dynamics. If sustained, this trend lengthens runway between financings, reduces dilution pressure, and enhances prospects for advancing projects to JV or optioning milestones.
Negative Factors
No Operating Revenue
Alianza reports no operating revenue across the period, reflecting its exploration-only model. This structural absence of cash generation makes long-term viability contingent on capital raises or successful asset monetizations, increasing funding and execution risk over time.
Persistent Negative Cash Flow
Operating and free cash flows are negative every year shown, creating ongoing cash burn. This forces repeated reliance on equity markets for funding, which can dilute shareholders, constrain program continuity if markets tighten, and hamper multi-year project advancement.
Negative Returns on Equity
Returns on equity remain negative due to persistent net losses, indicating the company is not yet creating shareholder value. Continued negative ROE undermines capital efficiency and can deter partners or investors unless exploration results materially change project economics.

Alianza Minerals (SNAG) vs. iShares MSCI Canada ETF (EWC)

Alianza Minerals Business Overview & Revenue Model

Company DescriptionSilver North Resources Ltd., an exploration stage company, acquires and explores mineral properties. It explores for gold, copper, silver, zinc, and lead deposits. The company's flagship property is the 100% owned Haldane property, which covers an area of 8,164 hectares located in Yukon Territory. The company was formerly known as Alianza Minerals Ltd. and changed its name to Silver North Resources Ltd. in August 2023. Silver North Resources Ltd. was incorporated in 2005 and is based in Vancouver, Canada.
How the Company Makes MoneyAlianza Minerals makes money by exploring and developing mineral properties, which it either sells or enters into joint ventures with other mining companies. Its revenue model includes potential earnings from the sale of discovered mineral resources, joint venture agreements, and option agreements where partners may earn interest in a project by funding exploration activities. These partnerships help reduce the financial risk associated with exploration while providing potential revenue streams from successful discoveries. The company may also generate income through royalties or the eventual sale of its developed properties.

Alianza Minerals Financial Statement Overview

Summary
Income statement and cash flow quality are weak (no revenue, recurring net losses, and negative operating/free cash flow), though the balance sheet is a partial offset with zero debt and a supportive equity base.
Income Statement
12
Very Negative
The company reports no revenue across the entire period provided, which makes profitability structurally weak. Losses are persistent (net income negative every year), with some improvement in the most recent year (2025 net loss is much smaller than 2024), but overall earnings remain volatile and consistently below break-even.
Balance Sheet
62
Positive
The balance sheet is conservatively positioned with zero debt in every year shown, which reduces financial risk. Equity and assets have grown meaningfully versus earlier years, but returns on equity remain negative due to ongoing losses—so while solvency looks solid, value creation is still challenged.
Cash Flow
24
Negative
Cash generation is weak: operating cash flow and free cash flow are negative in each year shown, indicating continued cash burn. There is some improvement in recent periods (free cash flow loss narrowed in 2025 versus 2024), but free cash flow growth is inconsistent and the business is still reliant on external funding over time if losses persist.
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue0.000.000.000.000.000.00
Gross Profit0.000.00-2.24K-23.67K-33.70K-53.95K
EBITDA338.21K-405.62K-738.00K-292.00K-835.81K-691.63K
Net Income-405.75K-405.62K-2.03M-795.00K-2.05M-939.00K
Balance Sheet
Total Assets10.79M10.79M7.80M7.16M8.09M8.38M
Cash, Cash Equivalents and Short-Term Investments1.83M1.83M709.65K139.70K564.89K412.68K
Total Debt0.000.000.000.000.000.00
Total Liabilities1.43M1.43M1.21M883.69K1.10M461.94K
Stockholders Equity9.36M9.36M6.59M6.28M6.99M7.92M
Cash Flow
Free Cash Flow-1.23M-1.11M-1.67M-822.60K-423.54K-4.64M
Operating Cash Flow-1.10M-1.11M-1.30M-369.85K-435.88K-1.34M
Investing Cash Flow-1.48M-1.48M-343.20K-224.29K-49.24K-3.33M
Financing Cash Flow3.76M3.76M2.22M106.97K729.63K4.71M

Alianza Minerals Technical Analysis

Technical Analysis Sentiment
Neutral
Last Price0.49
Price Trends
50DMA
0.37
Negative
100DMA
0.34
Positive
200DMA
0.26
Positive
Market Momentum
MACD
>-0.01
Positive
RSI
39.51
Neutral
STOCH
9.61
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:SNAG, the sentiment is Neutral. The current price of 0.49 is above the 20-day moving average (MA) of 0.41, above the 50-day MA of 0.37, and above the 200-day MA of 0.26, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 39.51 is Neutral, neither overbought nor oversold. The STOCH value of 9.61 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:SNAG.

Alianza Minerals Risk Analysis

Alianza Minerals disclosed 17 risk factors in its most recent earnings report. Alianza Minerals reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 1 New Risks
1.
The effects of a global pandemic, including the COVID-19 outbreak, may have a negative effect on the Company's operations and financial condition Q3, 2024

Alianza Minerals 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$60.47M-48.70-3.42%77.78%
50
Neutral
C$27.95M-5.36-313.87%-17.86%
49
Neutral
C$23.48M48.534.00%
48
Neutral
C$29.68M-36.70-11.91%72.21%
42
Neutral
C$24.05M-4.35-57.87%-581.25%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
TSE:SNAG
Alianza Minerals
0.36
0.26
255.00%
TSE:CN
Condor Resources
0.15
<0.01
7.14%
TSE:TUF
Honey Badger Exploration
0.24
0.12
104.35%
TSE:TT
Total Metals
0.58
0.30
107.14%
TSE:KFR
Kingfisher Metals
0.82
0.62
310.00%
TSE:ALEX
Alpha Exploration Ltd.
0.49
-0.20
-28.55%

Alianza Minerals Corporate Events

Business Operations and StrategyPrivate Placements and Financing
Silver North Upsizes Private Placement to C$10.6 Million to Fund Yukon Exploration
Positive
Jan 17, 2026

Silver North Resources has further increased the size of its brokered private placement, arranged with Red Cloud Securities, boosting the maximum gross proceeds from C$7 million to approximately C$10.6 million on a best-efforts basis. The upsized offering comprises up to 5 million units at C$0.40 and over 15.3 million charity flow-through units at C$0.56, with an additional agent’s option of up to C$1 million, and the LIFE component is expected to be freely tradeable in Canada. Management says the financing, driven by strong investor demand and participation from a strategically important shareholder group, will fully fund two years of exploration and operating costs and enable larger, more cost-efficient drill programs at the Haldane silver project, while also supporting work on the Veronica and GDR properties and providing general working capital.

Business Operations and StrategyPrivate Placements and Financing
Silver North Upsizes Brokered LIFE Financing to C$7 Million for Yukon Exploration
Positive
Jan 16, 2026

Silver North Resources has increased the size of its previously announced brokered LIFE private placement from C$5 million to up to C$7 million due to strong investor demand, with Red Cloud Securities acting as sole agent and bookrunner. The upsized financing, comprising units and charity flow-through units with attached warrants and an additional C$1 million agent’s option, is intended to fund exploration programs at the company’s Haldane, Veronica and GDR projects in Yukon, as well as general working capital, supporting its ongoing efforts to advance key silver-focused assets and strengthen its financial position in the Canadian mining exploration market.

Business Operations and StrategyPrivate Placements and Financing
Silver North Seeks Up to C$5 Million in Brokered Private Placement for Yukon Exploration
Positive
Jan 16, 2026

Silver North Resources has launched a brokered, best-efforts private placement led by Red Cloud Securities to raise up to C$5 million through a mix of units and charity flow-through units, with an additional C$1 million available via an agent’s option. The financing, conducted under the listed issuer financing exemption in several Canadian provinces and via private placement in the U.S. and other jurisdictions, will fund exploration at the Haldane, Veronica and GDR projects in Yukon and provide working capital, with flow-through proceeds earmarked for qualifying Canadian exploration expenditures that will be renounced to investors, underscoring the company’s push to advance its core assets and attract tax-advantaged capital.

Business Operations and StrategyPrivate Placements and Financing
Silver North Seeks Up to C$6 Million to Advance Yukon Exploration Portfolio
Positive
Jan 15, 2026

Silver North Resources has launched a brokered “best efforts” private placement with Red Cloud Securities to raise up to C$5 million through the sale of units and charitable flow-through units, with an additional C$1 million available via an agent’s option. Proceeds will be directed primarily to exploration and related programs at the company’s Haldane and Veronica projects in Yukon, while the flow-through component will fund qualifying exploration expenditures at Haldane and GDR that will be renounced to subscribers, potentially enhancing after-tax returns for investors and supporting Silver North’s ongoing advancement of its Yukon portfolio.

Business Operations and Strategy
Silver North Hits High-Grade Silver-Gold Mineralization at Yukon’s Haldane Property
Positive
Jan 13, 2026

Silver North Resources reported high-grade assay results from the final two drill holes of its 2025 exploration program at the Haldane Silver Property, including a standout intercept in hole HLD25-36 of 9.10 metres grading 428 g/t silver and 0.73 g/t gold, with a 2.80-metre sub-interval averaging 1,069 g/t silver and 1.41 g/t gold, plus significant lead and zinc. The 2025 campaign completed eight holes, seven of which successfully intersected the Main Fault structure over roughly 100 metres of strike and 150 metres down-dip, confirming the fault as a robust, complex host for high-grade, multi-metal mineralization and supporting Silver North’s plans to advance further drilling in 2026 to better define the Main Fault and additional targets at Haldane.

Business Operations and StrategyPrivate Placements and Financing
Silver North Raises $2.25 Million to Accelerate 2026 Yukon Drilling
Positive
Dec 20, 2025

Silver North Resources has closed a non-brokered private placement of 6.43 million flow-through shares at $0.35 each, raising gross proceeds of $2.25 million to fund exploration at its Yukon silver projects. The financing will allow the company to start its 2026 drilling program early at the flagship Haldane Property and to follow up work at the Veronica silver property, with the proceeds to be directed toward eligible Canadian exploration expenses that qualify as flow-through mining expenditures, underscoring Silver North’s intent to maximize the 2026 field season while providing tax-advantaged exposure to investors; the deal also included finder fees, warrants and a small related-party participation that fell below thresholds requiring a formal valuation or minority shareholder approval.

Private Placements and Financing
Silver North Resources Expands Private Placement to Fund Yukon Exploration
Positive
Dec 16, 2025

Silver North Resources Ltd. has announced an increase in its non-brokered private placement, aiming to raise up to $2,250,500 through the sale of 6,430,000 flow-through shares at $0.35 each. The proceeds will be used for Canadian exploration expenses related to the company’s Yukon projects, with the offering fully subscribed and set to close shortly.

Business Operations and StrategyPrivate Placements and Financing
Silver North Resources Secures $2.1 Million for Yukon Exploration
Positive
Dec 11, 2025

Silver North Resources Ltd. announced a $2.1 million non-brokered private placement through the sale of 6 million flow-through shares. The funds raised will be allocated to Canadian exploration expenses, particularly for the company’s projects in the Yukon Territory, including follow-up drilling at the Haldane Project. This strategic move aims to bolster Silver North’s exploration activities and strengthen its position in the mining industry.

Business Operations and Strategy
Silver North Extends Silver Mineralization at Haldane Property
Positive
Dec 11, 2025

Silver North Resources Ltd. has announced significant results from its 2025 exploration program at the Haldane Silver Property, successfully extending the Main Fault silver mineralization by an additional 50 meters along strike. The recent drilling results, which include high-grade silver intersections, enhance the company’s exploration success and position it for an aggressive 2026 drill program, potentially impacting its market positioning and stakeholder interests.

Business Operations and Strategy
Silver North Unveils Promising Lead Discoveries at Veronica Property
Positive
Dec 11, 2025

Silver North Resources Ltd. has announced final analytical results from its 2025 exploration program at the Veronica Property, part of the GDR Project in southern Yukon. The results revealed significant lead mineralization, with assays showing up to 76.8% lead in samples from the Betty Target area. This discovery highlights the potential for high-grade silver and lead deposits, positioning Silver North favorably as it plans further exploration in 2026. The findings could enhance the company’s standing in the mining sector, particularly in the Silvertip District, known for its rich mineral deposits.

Business Operations and Strategy
Silver North Announces Promising Exploration Results at Haldane Property
Positive
Nov 18, 2025

Silver North Resources Ltd. has announced promising results from its 2025 exploration program at the Haldane Silver Property in Yukon. The company reported significant mineralization from the first three holes, with notable silver and gold grades, extending the mineralization 90 meters downdip from previous discoveries. These results underscore the potential of the Haldane Property to yield high-grade silver and gold, enhancing Silver North’s position in the mining sector and potentially benefiting stakeholders through increased resource estimates.

Business Operations and Strategy
Silver North Completes 2025 Exploration at Haldane Silver Property
Neutral
Nov 13, 2025

Silver North Resources Ltd. has completed its 2025 exploration program at the Haldane Silver Property in the Keno Hill Silver District, Yukon. The company drilled eight holes totaling 1,759.5 meters to test the Main Fault target’s strike and depth continuity, with results expected soon. Additionally, over 15 square kilometers of LiDAR and photogrammetry surveys were conducted to aid in future drilling and modeling efforts. This program is crucial for Silver North’s strategic positioning in the silver mining industry, potentially enhancing its resource estimates and operational planning.

Business Operations and Strategy
Silver North Unveils Promising Silver Discovery at Veronica Property
Positive
Oct 28, 2025

Silver North Resources Ltd. announced significant findings from its 2025 exploration program at the Veronica Property, part of the GDR Project in southern Yukon Territory. The program revealed a substantial expansion of a multi-element soil geochemical anomaly, now termed the ‘Betty Anomaly,’ and the discovery of high-grade silver mineralization in float cobbles and outcrop. These results suggest the potential for Carbonate Replacement Deposit (CRD) style mineralization, enhancing the property’s prospects and positioning Silver North as a key player in this emerging district. The exploration was partially funded by a grant from the Government of Yukon, highlighting the company’s strategic efforts to leverage available resources for mineral exploration.

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: Jan 27, 2026