Sirios Resources (SOI) AI Stock Analysis

• Market Cap: C$96.13M
• Dividend Yield: N/A
• Average Volume (3M): 552.49K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.93
• Revenue Growth: N/A
• EPS Growth: -50.00%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): >-0.01
• Shares Outstanding: 534,073,000
• 10 Day Avg. Volume: 626,326
• 30 Day Avg. Volume: 552,493
• PEG Ratio: 0.77
• Price to Book (P/B): 0.54
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 20.62
• 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: 53 Neutral
• Price Target: C$0.19 ▼(-9.05% Downside)
• Action: Reiterated Date: 03/03/26
• Date: Action: Reiterated 03/03/26

The score is held back primarily by weak financial performance (pre-revenue operations, recurring losses, and negative TTM free cash flow), partially offset by a strong, low-debt balance sheet. Technicals add modest support as price is above key moving averages with neutral-to-positive momentum, while valuation is unfavorable/unclear due to negative earnings and no dividend yield.

Positive Factors

Low Leverage Balance Sheet

Very low debt versus a sizable equity base materially reduces refinancing and solvency risk for an exploration company. This cushion improves resilience across commodity cycles, gives management time to advance targets, and supports staged financing of drilling programs without imminent liquidity pressure.

Focused Quebec Gold Strategy

Concentrated operations in a well-established mining jurisdiction provide durable advantages: better access to regional infrastructure, experienced local contractors, and regulatory familiarity. A targeted gold exploration mandate increases odds of value accretion from successful discoveries and follow-on drilling.

Ability to Generate Positive Cash (2025)

Achieving positive operating and free cash flow in 2025 demonstrates the company can run efficient exploration programs and occasionally self-fund activities. If management can replicate this execution, it reduces structural reliance on capital markets and improves long-term program planning flexibility.

Negative Factors

Pre-revenue, recurring losses

Persistent losses are structurally limiting: without revenue generation the company depends on financing to fund exploration. Continued negative operating results over multiple periods constrain reinvestment, limit margin improvement opportunities, and leave shareholder returns contingent on discovery events rather than steady cash earnings.

No reported revenue

A zero-revenue profile means value creation relies entirely on successful resource discoveries and development milestones. This lack of recurring top-line undermines predictability of returns, complicates long-term budgeting, and increases the probability of dilution if market funding is needed for follow-up work.

Unstable cash generation; negative TTM FCF

Negative TTM free cash flow and volatile cash results indicate ongoing cash burn and uneven funding needs. Over time this raises financing dependency, heightens dilution risk, and can force program cuts or delays when markets are tight, hampering steady progress on exploration milestones and long-term value realization.

Sirios Resources Business Overview & Revenue Model

Company Description

Sirios Resources Inc. explores for and evaluates mineral resources in Canada. The company primarily explores for gold and silver deposits. Its flagship project is the Cheechoo gold project that consists of three blocks of non-contiguous claims comprising 225 claims covering an area of 118 square kilometers in Quebec. The company was incorporated in 1994 and is based in Montreal, Canada.

How the Company Makes Money

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Sirios Resources Financial Statement Overview

Summary

Financials are constrained by an exploration-stage, pre-revenue profile with recurring losses (TTM net loss ~-$1.36M; TTM EBIT ~-$1.57M) and negative cash generation (TTM operating cash flow ~-$0.94M; TTM free cash flow ~-$3.22M). Offsetting this, the balance sheet is strong with very low leverage (TTM debt ~0.15M vs equity ~39.9M), providing resilience despite weak returns.

Income Statement

The company reports no revenue across the annual periods and TTM (Trailing-Twelve-Months), consistent with an exploration-stage profile. Profitability is weak: TTM net loss is about -$1.36M with deeply negative operating results (TTM EBIT about -$1.57M), and losses were also recorded in most recent annual periods (2024–2025). A notable bright spot was 2023, which showed positive net income (~$0.33M) and positive operating profit, but the return to losses afterward suggests earnings are not yet durable and remain highly variable.

Balance Sheet

Balance sheet risk appears low due to minimal leverage: TTM debt is ~0.15M versus equity of ~39.9M (very low debt relative to equity), and total assets are ~42.3M. This strong equity base provides financial flexibility and reduces refinancing risk. The key weakness is that equity is not currently generating positive returns (TTM return on equity is negative, consistent with ongoing losses), so the balance sheet strength is mainly a cushion rather than evidence of efficient value creation.

Cash Flow

Cash flow is mixed and volatile. TTM operating cash flow is negative (~-$0.94M) and TTM free cash flow is meaningfully negative (~-$3.22M), indicating continued cash burn. While 2025 annual showed positive operating cash flow (~$1.03M) and positive free cash flow (~$0.96M), prior years (2024 and 2022 in particular) were materially negative, and TTM free cash flow deterioration suggests spending or working-capital needs rose again. Overall, cash generation is not yet consistent enough to comfortably fund operations without reliance on capital markets over time.

Breakdown	TTM	Sep 2025	Sep 2024	Sep 2023	Sep 2022	Sep 2021
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	-24.04K	-24.09K	-23.28K	-2.76K	-1.43K	-1.64K
EBITDA	-1.62M	-1.09M	-918.00K	566.16K	-927.00K	-1.21M
Net Income	-1.36M	-836.85K	-994.00K	329.83K	-770.00K	-1.21M
Balance Sheet
Total Assets	42.25M	40.85M	38.22M	37.52M	33.76M	32.28M
Cash, Cash Equivalents and Short-Term Investments	2.70M	2.99M	2.05M	2.62M	462.78K	3.65M
Total Debt	146.50K	78.78K	99.47K	0.00	40.00K	40.00K
Total Liabilities	2.33M	3.94M	2.18M	2.91M	1.53M	1.59M
Stockholders Equity	39.92M	36.90M	36.04M	34.62M	32.23M	30.69M
Cash Flow
Free Cash Flow	-3.22M	957.90K	-4.00M	-1.22M	-5.68M	-2.64M
Operating Cash Flow	-936.78K	1.03M	-1.91M	463.22K	-398.25K	-844.83K
Investing Cash Flow	-2.50M	-2.25M	-1.00M	-475.20K	-4.59M	-1.46M
Financing Cash Flow	3.65M	2.13M	2.48M	1.98M	2.26M	3.83M

Sirios Resources Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.21
• 50DMA: Negative
• 100DMA: Positive
• 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:SOI, the sentiment is Neutral. The current price of 0.21 is above the 20-day moving average (MA) of 0.20, above the 50-day MA of 0.20, and above the 200-day MA of 0.11, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 38.31 is Neutral, neither overbought nor oversold. The STOCH value of 13.90 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:SOI.

Sirios Resources 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%
SOI	53 Neutral	C$96.13M	-30.79	-3.56%	―	―	-50.00%
YGT	52 Neutral	C$89.08M	-33.67	-2.83%	―	―	36.67%
GGO	50 Neutral	C$130.73M	-11.76	-3.83%	―	―	―
CCM	49 Neutral	C$108.62M	-27.69	-4.63%	―	―	45.79%
LME	46 Neutral	C$58.53M	-11.71	-56.09%	―	―	-13.33%
ALTA	44 Neutral	C$50.40M	-31.32	-6.52%	―	―	37.37%

Sirios Resources Corporate Events

Sirios Resources closes OVI Mining acquisition and reshapes leadership team

Sirios Resources has completed its acquisition of OVI Mining Corp. through a court-approved plan of arrangement, making OVI a wholly owned subsidiary and issuing Sirios shares to former OVI shareholders. The combined entity emerges as a better-capitalized gold explorer with a strengthened asset base in Québec’s Eeyou Istchee James Bay region.

Alongside the transaction, Sirios has overhauled its leadership, appointing former OVI chief Jean-Félix Lepage as CEO while founder Dominique Doucet becomes executive chairman and head of exploration. The board has been reinforced with industry veterans Sean Roosen and Laurence Farmer, a move expected to enhance strategic direction and project advancement across the company’s gold portfolio.

The most recent analyst rating on (TSE:SOI) stock is a Hold with a C$0.22 price target. To see the full list of analyst forecasts on Sirios Resources stock, see the TSE:SOI Stock Forecast page.

Sirios Resources Targets Up to $20 Million in LIFE Flow-Through and Unit Financing

Sirios Resources Inc. has launched a brokered private placement under the listed issuer financing exemption, aiming to raise up to $20 million through a mix of flow-through units and hard dollar units, with an additional option to sell up to 25 million more hard dollar units. Each unit includes a common share and half a warrant, with warrants exercisable at $0.30 for 12 months and subject to acceleration if the share price trades above that level, while proceeds from flow-through units will fund qualifying exploration expenditures on the company’s Canadian projects, potentially strengthening its capital position and advancing its exploration pipeline.

The offering is structured to be immediately freely tradeable in Canada for eligible investors and may also be sold in the U.S. and other jurisdictions under applicable exemptions, broadening the potential investor base. By using tax-advantaged flow-through financing and attaching short-dated warrants, Sirios is seeking to attract both resource-focused and speculative investors, which could enhance liquidity and support ongoing exploration activity in a competitive junior mining market.

The most recent analyst rating on (TSE:SOI) stock is a Hold with a C$0.20 price target. To see the full list of analyst forecasts on Sirios Resources stock, see the TSE:SOI Stock Forecast page.

Sirios Resources Showcases New Leadership and Growth Plans at PDAC 2026

Sirios Resources will exhibit at the PDAC 2026 convention in Toronto, using the event to showcase its strengthened leadership team following the shareholder-approved acquisition of OVI. Founder and CEO Dominique Doucet and incoming CEO Jean-Félix Lepage will meet investors and analysts to discuss the transaction, evolving strategy, and next steps for the company.

Management will provide updates on exploration progress and integration plans as Sirios advances its Cheechoo Gold Project in Québec’s Eeyou Istchee James Bay region, a key Canadian gold district. The outreach at PDAC underscores Sirios’s bid to bolster its profile in the mining investment community and articulate its broader vision for growth in the James Bay gold camp.

The most recent analyst rating on (TSE:SOI) stock is a Hold with a C$0.20 price target. To see the full list of analyst forecasts on Sirios Resources stock, see the TSE:SOI Stock Forecast page.

Sirios Resources Closes OVI Mining Acquisition and Reshapes Leadership Team

Sirios Resources has completed its acquisition of OVI Mining Corp. through a court-approved plan of arrangement, making OVI a wholly owned subsidiary and issuing 2.34 Sirios shares for each former OVI share. The deal creates a better-capitalized gold explorer with an enlarged portfolio of projects in the Eeyou Istchee James Bay region, positioning the combined entity for more ambitious exploration and development programs.

Alongside the transaction, OVI’s former CEO Jean-Félix Lepage has been appointed Chief Executive Officer of Sirios, while company founder Dominique Doucet moves to Executive Chairman and Head of Exploration. The board has been strengthened with the addition of industry veterans Sean Roosen and Laurence Farmer, moves that bolster Québec mining expertise and capital markets depth as Sirios seeks to enhance shareholder value and its standing in the James Bay gold camp.

The most recent analyst rating on (TSE:SOI) stock is a Hold with a C$0.20 price target. To see the full list of analyst forecasts on Sirios Resources stock, see the TSE:SOI Stock Forecast page.

Sirios Resources Showcases James Bay Gold Expansion Strategy After OVI Mining Acquisition

Sirios Resources Inc., a Québec-based mineral exploration company listed on the TSX-V and OTCQB, concentrates on developing high-potential gold assets in the Eeyou Istchee James Bay region, led by its flagship Cheechoo Gold Project. The firm’s strategy is to build a district-scale gold platform in northern Québec through targeted exploration and project consolidation.

The company will present its new James Bay gold expansion strategy at Red Cloud’s Pre-PDAC Mining Showcase in Toronto on February 26-27, 2026, highlighting the impact of its recent acquisition of Osisko-backed OVI Mining. The transaction is described as transformative, strengthening Sirios’ leadership team and exploration pipeline while accelerating development of Cheechoo and enhancing its competitive positioning in the Québec gold exploration sector.

The most recent analyst rating on (TSE:SOI) stock is a Hold with a C$0.20 price target. To see the full list of analyst forecasts on Sirios Resources stock, see the TSE:SOI Stock Forecast page.

Sirios Confirms Extensive Gold-Bearing Halo at Aquilon as Sumitomo Earns Majority Stake

Sirios Resources reported additional assay results from its 2025 drilling at the Aquilon gold project in Eeyou Istchee Baie‑James, confirming a laterally extensive gold‑bearing halo with intercepts including 0.26 g/t gold over 298.2 metres and an anomalous corridor extending to 373 metres depth. The drilling, which outlined continuous lower‑grade gold mineralization with localized higher‑grade intervals and hints of additional zones to the north, strengthens Aquilon’s exploration potential and transitions the project into a jointly funded venture after Sumitomo Metal Mining Canada earned a 51% interest by investing more than C$4.8 million.

The most recent analyst rating on (TSE:SOI) stock is a Hold with a C$0.24 price target. To see the full list of analyst forecasts on Sirios Resources stock, see the TSE:SOI Stock Forecast page.

Sirios Resources Highlights Transformative OVI Mining Acquisition at Vancouver Investment Conference

Sirios Resources has invited investors and stakeholders to meet its leadership at the Vancouver Resource Investment Conference, where both the current and incoming CEOs will be available at Booth 800 to discuss the company’s strategic direction. The company is entering a transformative phase following its recently announced acquisition of OVI Mining, a move aimed at consolidating a district-scale gold platform in Québec’s Eeyou Istchee James Bay region, increasing its scale, exploration upside and strengthening its development pipeline around the Cheechoo Gold Project, signaling a more ambitious growth and value-creation strategy for shareholders within the junior gold exploration space.

The most recent analyst rating on (TSE:SOI) stock is a Hold with a C$0.22 price target. To see the full list of analyst forecasts on Sirios Resources stock, see the TSE:SOI Stock Forecast page.

Sirios Resources Secures $1.5 Million from Warrant Exercises and Ramps Up Investor Outreach

Sirios Resources has bolstered its balance sheet with $1.52 million in new capital from the exercise of warrants and stock options, resulting in the issuance of nearly 12 million shares and bringing its total outstanding shares to just under 398 million. Management views the inflow as a vote of confidence in its pending combination with OVI Mining and plans to leverage the stronger treasury to intensify exploration work and significantly expand investor outreach in 2026, including attendance at major mining conferences in Vancouver and Toronto and a slate of investor luncheons and meetings across key Canadian financial centres. To further raise its market profile, Sirios has also engaged Investing News Network for a year-long investor awareness campaign and Resource Stock Digest for an advertising and marketing program, underscoring a concerted push to broaden its shareholder base and improve market visibility without diluting equity through additional share-based compensation to these service providers.

The most recent analyst rating on (TSE:SOI) stock is a Hold with a C$0.22 price target. To see the full list of analyst forecasts on Sirios Resources stock, see the TSE:SOI Stock Forecast page.