Alianza Minerals (SNAG) AI Stock Analysis

• Market Cap: C$36.90M
• Dividend Yield: N/A
• Average Volume (3M): 195.56K
• Price to Earnings (P/E): 1643.4
• Beta (1Y): 1.10
• Revenue Growth: N/A
• EPS Growth: 72.21%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Other Precious Metals
• EPS (TTM): N/A
• Shares Outstanding: 99,725,876
• 10 Day Avg. Volume: 194,091
• 30 Day Avg. Volume: 195,565
• PEG Ratio: 0.50
• Price to Book (P/B): 1.86
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -15.65
• 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: 43 Neutral
• Price Target: C$0.43 ▼(-13.27% Downside)
• Action: Reiterated Date: 02/25/26
• Date: Action: Reiterated 02/25/26

The score is held down primarily by a pre-revenue, loss-making profile with ongoing cash burn and continued reliance on external funding. Technicals are also soft (negative MACD and below the 50-day average), while valuation is constrained by negative earnings and no dividend support; the debt-free balance sheet is the main stabilizing factor.

Positive Factors

Debt-free Balance Sheet

A zero-debt balance sheet materially reduces solvency and interest risks for an exploration company. Without debt service obligations, management can prioritize advancing targets or negotiating JV terms, extending runway between financings and preserving optionality to time capital raises.

Growing Equity Base

Rising shareholder equity and a larger asset base enhance financial flexibility for project investment. Growth from ~$6.3M to ~$11.5M TTM indicates successful capital formation, allowing sustained exploration programs and better positioning to attract partners without immediate operating revenue.

Partner-focused Exploration Model

A model that advances prospects to attract option/JV partners aligns capital intensity with de-risking milestones. By generating exploration data and then monetizing via JV or royalties, the company can scale project value while shifting later-stage funding needs to larger industry players.

Negative Factors

Pre-revenue, Persistent Losses

Operating without revenue means ongoing exploration costs produce recurring net losses, limiting ability to self-fund programs. Persistent negative earnings force repeated reliance on external capital, constrain internal returns, and leave long-term viability dependent on discovery or successful asset monetization.

Negative Operating Cash Flow

Consistently negative operating and free cash flow show the business consumes cash to sustain exploration and corporate costs. This weak cash generation increases financing frequency, heightens dilution risk, and limits flexibility to opportunistically expand or fast-track high-priority programs.

Reliance on Equity Financing

Structural dependence on equity raises exposes the company to market sentiment and dilution. If capital markets tighten or investor appetite falls, program pacing and JV negotiations may be delayed or conducted on unfavorable terms, slowing project advancement and reducing shareholder returns.

Alianza Minerals Business Overview & Revenue Model

Company Description

Silver 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 Money

Alianza 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

Pre-revenue with persistent net losses and ongoing cash burn (negative operating and free cash flow) weigh heavily on financial quality. The main offset is a debt-free balance sheet with growing equity, which reduces solvency risk but does not eliminate ongoing financing needs.

Income Statement

The company is still pre-revenue (revenue is 0 across all periods), so losses are driven by ongoing exploration and corporate costs rather than an operating business. Net losses remain persistent, with FY2024 showing a much larger loss (about -$2.0M) versus FY2025 (about -$0.4M), while TTM (Trailing-Twelve-Months) net loss is about -$0.26M—an improvement but still negative. Overall profitability is weak and the lack of revenue visibility limits near-term earnings quality.

Balance Sheet

The balance sheet is conservatively financed with zero debt reported across all periods, which reduces financial risk and provides flexibility. Equity has grown from about $6.3M (FY2023) to about $9.4M (FY2025) and ~$11.5M in TTM (Trailing-Twelve-Months), supporting a larger asset base. The key weakness is that returns remain negative (TTM return on equity is roughly -5.5%), reflecting ongoing losses and implying the company will likely rely on funding rather than internally generated profits.

Cash Flow

Cash generation is weak, with consistently negative operating and free cash flow, indicating the company is consuming cash to fund its activities. TTM (Trailing-Twelve-Months) operating cash flow is about -$1.35M and free cash flow about -$1.49M, and FY2025 operating cash flow is also negative (~-$1.11M). While free cash flow trends can swing year to year (including some reported growth), the underlying reality is continued cash burn, which creates ongoing financing needs.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00
Gross Profit	0.00	-2.24K	-23.67K	-33.70K	-53.95K
EBITDA	-405.62K	-738.00K	-292.00K	-835.81K	-691.63K
Net Income	-405.62K	-2.03M	-795.00K	-2.05M	-939.00K
Balance Sheet
Total Assets	10.79M	7.80M	7.16M	8.09M	8.38M
Cash, Cash Equivalents and Short-Term Investments	1.83M	709.65K	139.70K	564.89K	412.68K
Total Debt	0.00	0.00	0.00	0.00	0.00
Total Liabilities	1.43M	1.21M	883.69K	1.10M	461.94K
Stockholders Equity	9.36M	6.59M	6.28M	6.99M	7.92M
Cash Flow
Free Cash Flow	-1.11M	-1.67M	-822.60K	-423.54K	-4.64M
Operating Cash Flow	-1.11M	-1.30M	-369.85K	-435.88K	-1.34M
Investing Cash Flow	-1.48M	-343.20K	-224.29K	-49.24K	-3.33M
Financing Cash Flow	3.76M	2.22M	106.97K	729.63K	4.71M

Alianza Minerals Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.49
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:SNAG, the sentiment is Positive. The current price of 0.49 is above the 20-day moving average (MA) of 0.34, above the 50-day MA of 0.37, and above the 200-day MA of 0.28, indicating a bullish trend. The MACD of 0.01 indicates Negative momentum. The RSI at 53.88 is Neutral, neither overbought nor oversold. The STOCH value of 43.15 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:SNAG.

Alianza Minerals 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%
KFR	53 Neutral	C$70.25M	24.62	-3.42%	―	―	77.78%
TUF	50 Neutral	C$26.05M	-4.54	-313.87%	―	―	-17.86%
ALEX	49 Neutral	C$28.18M	-95.86	3.88%	―	―	―
SNAG	43 Neutral	C$36.90M	1,643.35	-11.91%	―	―	72.21%
CN	42 Neutral	C$24.81M	-13.90	-57.87%	―	―	-581.25%

Alianza Minerals Corporate Events

Silver North Adds Veteran Director, Sets AGM and Grants 5 Million Options

Silver North Resources has added seasoned mining executive Nancy Curry to its board of directors, highlighting her 25-plus years in mineral exploration, finance and corporate development, as it advances its high-grade silver portfolio in the Yukon. The company also set its annual general meeting for March 26, 2026, in Vancouver, where shareholders will vote on director elections, auditor reappointment and its rolling incentive stock option plan.

Following the AGM, Silver North expects to confirm its existing executive team in their current roles, reinforcing continuity in management during what it describes as a rapid growth phase driven by recent drilling success at Haldane and Tim. The board further approved the grant of 5 million stock options exercisable at $0.35 over five years to directors, officers and consultants, aligning insider and adviser incentives with future share price performance and ongoing exploration milestones.

The most recent analyst rating on (TSE:SNAG) stock is a Hold with a C$0.32 price target. To see the full list of analyst forecasts on Alianza Minerals stock, see the TSE:SNAG Stock Forecast page.

Silver North Raises C$11.6 Million to Advance Yukon Exploration Programs

Silver North Resources has closed a brokered private placement, raising gross proceeds of about C$11.6 million through the sale of units and charity flow-through units priced at C$0.40 and C$0.56 respectively. The financing, led by Red Cloud Securities, included warrants exercisable to 2029 and remains subject to final TSX Venture Exchange approval.

The company plans to deploy the funds to exploration and related work at its Haldane, Veronica and GDR projects in Yukon, as well as for working capital and general corporate purposes. Proceeds from the charity flow-through units will be directed to qualifying Canadian exploration expenses, reinforcing Silver North’s capacity to advance its Yukon portfolio while offering tax-advantaged exposure to investors under Canada’s flow-through regime.

The most recent analyst rating on (TSE:SNAG) stock is a Hold with a C$0.27 price target. To see the full list of analyst forecasts on Alianza Minerals stock, see the TSE:SNAG Stock Forecast page.

Silver North Upsizes Private Placement to C$10.6 Million to Fund Yukon Exploration

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.

Silver North Upsizes Brokered LIFE Financing to C$7 Million for Yukon Exploration

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.

Silver North Seeks Up to C$5 Million in Brokered Private Placement for Yukon Exploration

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.

Silver North Seeks Up to C$6 Million to Advance Yukon Exploration Portfolio

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.

Silver North Hits High-Grade Silver-Gold Mineralization at Yukon’s Haldane Property

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.

Silver North Raises $2.25 Million to Accelerate 2026 Yukon Drilling

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.

Silver North Resources Expands Private Placement to Fund Yukon Exploration

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.

Silver North Resources Secures $2.1 Million for Yukon Exploration

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.

Silver North Extends Silver Mineralization at Haldane Property

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.

Silver North Unveils Promising Lead Discoveries at Veronica Property

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.