Alianza Minerals (SNAG) AI Stock Analysis

• Market Cap: C$31.91M
• Dividend Yield: N/A
• Average Volume (3M): 195.56K
• Price to Earnings (P/E): 1643.4
• Beta (1Y): 1.18
• 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$0.31 ▼(-36.94% 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

Balance sheet strength

Zero reported debt and rising equity reduce solvency risk and give management flexibility to fund exploration programs without near-term interest burdens. For an early-stage explorer, this balance sheet foundation supports continued project advancement and partner negotiations over the next several months.

Asset-advancement business model

Alianza’s model—create technical data through mapping, geochemistry, geophysics and targeted drilling, then option or JV projects—limits ongoing capital intensity by monetizing discoveries via partners. Structurally this reduces the need for sustained capex while enabling potential milestone and royalty value capture.

Improving loss trend

The material reduction in losses and smaller TTM net loss indicate clearer cost discipline and more targeted programs. If sustained, this trend extends operational runway and reduces immediate financing needs, improving the firm’s ability to advance priority targets and negotiate partner-funded work.

Negative Factors

Pre-revenue operations

With no operating revenue, Alianza cannot self-fund exploration and relies on capital markets or partner deals to progress projects. This structural dependence increases execution and financing risk, and value creation hinges on exploration success rather than recurring business cash flows.

Persistent negative cash flow

Consistent negative operating and free cash flow create ongoing funding needs and make the company sensitive to equity market access. Recurrent capital raises can dilute shareholders and constrain multi-year program planning if partner-funded deals are not secured.

Negative returns on equity

A negative ROE indicates capital deployed has not generated positive returns for shareholders. For a junior explorer, sustained negative returns raise doubts about near-term value conversion of the asset portfolio and increase reliance on high-impact exploration results to reverse fundamentals.

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 does not generate revenue from mineral production; it is an exploration-stage company. Its ability to fund operations typically depends on raising capital through equity financings (issuing shares and, where applicable, warrants) and managing exploration expenditures across its project portfolio. When the company advances projects, it may seek to monetize them by optioning or joint venturing mineral properties to other mining companies in exchange for partner-funded exploration spending and/or potential future payments such as cash, share consideration, and/or royalties; however, specific, current project-level commercial terms and the extent to which they have contributed to earnings are null without source documents. Therefore, the primary economic mechanism is: (1) maintain and advance a portfolio of mineral claims; (2) generate exploration results to increase project value; (3) pursue partner agreements and/or asset sales/royalties where available; and (4) finance ongoing corporate and exploration costs mainly via the capital markets rather than operating cash flow.

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: Negative
• Last Price: 0.49
• 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:SNAG, the sentiment is Negative. The current price of 0.49 is above the 20-day moving average (MA) of 0.35, above the 50-day MA of 0.37, and above the 200-day MA of 0.29, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 42.39 is Neutral, neither overbought nor oversold. The STOCH value of 19.50 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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$63.58M	24.62	-3.35%	―	―	77.78%
TUF	50 Neutral	C$23.44M	-4.54	-313.87%	―	―	-17.86%
ALEX	49 Neutral	C$24.42M	-95.86	3.88%	―	―	―
SNAG	43 Neutral	C$31.91M	1,643.35	-3.02%	―	―	72.21%
CN	42 Neutral	C$26.31M	-13.90	-57.87%	―	―	-581.25%

Alianza Minerals Corporate Events

Silver North Secures Two-Year Drilling Deal and Geophysics to Advance Yukon Silver Assets

Silver North Resources has secured a two-year contract with Boart Longyear to provide two diamond drill rigs for its fully funded 2026 and 2027 field seasons at the Haldane Silver Project in Yukon. The agreement underpins plans for 5,000 to 7,000 metres of drilling annually, targeting expansion of the Main Fault zone and follow-up work at Bighorn and other high-priority prospects where previous holes have returned significant silver, gold, lead and zinc grades.

The company has also contracted airborne geophysical surveys for both its Haldane and Veronica projects, using SkyTEM and VTEM systems to refine drill targeting and map complex subsurface structures. These surveys are expected to improve geological understanding, aid in discovering fault-hosted and CRD-style mineralization, and potentially accelerate resource delineation, reinforcing Silver North’s exploration pipeline and growth prospects for stakeholders.

The most recent analyst rating on (TSE:SNAG) stock is a Hold with a C$0.46 price target. To see the full list of analyst forecasts on Alianza Minerals stock, see the TSE:SNAG Stock Forecast page.

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.