Spearmint Resources Inc (SPMT) AI Stock Analysis

• Market Cap: C$2.88M
• Dividend Yield: N/A
• Average Volume (3M): 502.95K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.19
• Revenue Growth: N/A
• EPS Growth: -7.50%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 68
• Industry: Industrial Materials
• EPS (TTM): N/A
• Shares Outstanding: 287,828,580
• 10 Day Avg. Volume: 1,409,507
• 30 Day Avg. Volume: 502,954
• PEG Ratio: -2.44
• Price to Book (P/B): 3.03
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -8.76
• 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

• Rating: 34 Underperform
• Price Target: ―

Spearmint Resources Inc. faces significant financial performance challenges, marked by zero revenue and persistent losses. Despite a strong equity position with no debt, declining assets and negative cash flow highlight potential liquidity issues. Technical indicators show stagnant momentum with neutral RSI and overbought Stochastic. Valuation is unattractive due to a negative P/E ratio and no dividend yield. However, the recent acquisition in the tungsten sector is a strategic positive, providing some potential for future growth.

Spearmint Resources Inc Business Overview & Revenue Model

Company Description

Spearmint Resources Inc., an exploration stage company, acquires, explores, and evaluates mineral properties in Canada and the United States. The company explores for gold, platinum, palladium, copper, nickel, lithium, vanadium, and cesium. Its flagship property is the McGee Lithium Clay project covering an area of approximately 880 acres located in Clayton Valley, Nevada. The company was formerly known as Indefinitely Capital Corp. and changed its name to Spearmint Resources Inc. in February 2012. Spearmint Resources Inc. was incorporated in 2009 and is headquartered in Vancouver, Canada.

How the Company Makes Money

Spearmint Resources Inc generates revenue primarily through the exploration and development of its mineral properties. The company seeks to monetize its projects by increasing the value of its mineral assets through exploration success and potentially entering into joint ventures or sales agreements with larger mining companies. Revenue can also be realized through the eventual sale of mined minerals if economic deposits are developed. Additionally, the company might engage in raising capital through equity financing to fund its exploration activities, though this does not directly generate revenue. Key partnerships and strategic alliances with other mining companies and industry stakeholders can also play a significant role in advancing projects and generating future revenue opportunities.

Spearmint Resources Inc Financial Statement Overview

Summary

Spearmint Resources Inc. is facing significant financial challenges, primarily due to the lack of revenue and persistent losses. The absence of debt is positive, but the declining asset base and negative cash flows suggest potential liquidity issues.

Income Statement

Spearmint Resources Inc. has consistently reported zero revenue over the periods, which is a significant concern for growth prospects. The company has experienced substantial net losses each year, indicating ongoing profitability challenges. The lack of revenue and high net losses severely impact the income statement's performance.

Balance Sheet

The balance sheet shows a strong equity position with no debt, which is a positive indicator of financial stability. However, the continuous decline in total assets and equity over time raises concerns about asset management and potential erosion of shareholder value.

Cash Flow

The company has negative operating and free cash flows, reflecting poor cash generation from operations. The absence of financing activities in recent periods indicates limited external funding support. Despite no debt, the negative cash flow trends highlight liquidity challenges.

Breakdown
TTM	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Income Statement		Total Revenue
0.00	0.00	0.00	0.00	0.00	0.00
	Gross Profit
-1.62K	0.00	0.00	―	0.00	0.00
	EBIT
-616.32K	-994.70K	-636.14K	-1.25M	-609.16K	-350.88K
	EBITDA
-451.09K	-565.32K	-636.14K	-1.40M	-314.45K	-350.88K
	Net Income Common Stockholders
-1.15M	-1.01M	-2.19M	-2.06M	-788.44K	-602.57K
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
125.18K	188.25K	933.08K	2.33M	1.96M	151.55K
	Total Assets
3.36M	3.95M	4.32M	5.54M	3.98M	1.71M
	Total Debt
0.00	0.00	0.00	0.00	0.00	0.00
	Net Debt
-125.18K	-188.25K	-933.08K	-2.33M	-1.96M	-151.55K
	Total Liabilities
168.01K	53.97K	65.81K	782.18K	279.51K	500.81K
	Stockholders Equity
3.19M	3.89M	4.25M	4.76M	3.70M	1.21M
Cash Flow		Free Cash Flow
-497.79K	-722.65K	-1.47M	-1.75M	-1.22M	-250.88K
	Operating Cash Flow
-233.48K	-381.00K	-482.09K	-970.91K	-733.86K	-114.20K
	Investing Cash Flow
-264.31K	-363.83K	-987.54K	-787.07K	-464.27K	-137.31K
	Financing Cash Flow
71.20K	0.00	72.50K	2.13M	3.01M	172.08K

Spearmint Resources Inc Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.01
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:SPMT, the sentiment is Negative. The current price of 0.01 is below the 20-day moving average (MA) of 0.02, below the 50-day MA of 0.02, and below the 200-day MA of 0.02, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 0.02 is Positive, neither overbought nor oversold. The STOCH value of 50.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:SPMT.

Spearmint Resources Inc Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ILI	53 Neutral	C$6.80M	15.00	1.50%	―	―	―
Sector *	51 Neutral	$2.04B	-1.15	-21.24%	3.95%	2.91%	-30.44%
GR	38 Underperform	C$3.99M	―	134.74%	―	―	34.31%
DEC	37 Underperform	C$3.68M	―	-11.77%	―	―	-55.32%
SPMT	34 Underperform	C$2.88M	―	-77.72%	―	―	-7.50%
AME	30 Underperform	C$3.45M	―	18.45%	―	―	-135.66%
CYLYF		$3.16M	―		―	―	―

Spearmint Resources Inc Corporate Events

Spearmint Resources Expands Crypto Holdings and Advances Mining Projects

Spearmint Resources Inc. has significantly increased its exposure to the cryptocurrency sector by more than doubling its holdings in Solana, a platform known for its high transaction speeds and decentralized application capabilities. This strategic move is part of the company’s broader plan to enhance shareholder value through diversification. Additionally, Spearmint is advancing its George Lake South Antimony Project in Canada and holds significant lithium assets in Clayton Valley, Nevada, aiming to capitalize on the growing demand for domestically sourced lithium amid rising electric vehicle sales.

Spearmint Expands Antimony Project Amid Global Demand

Spearmint Resources Inc. has significantly expanded its George Lake South Antimony Project in New Brunswick, Canada, amid rising demand for antimony due to its critical role in electronics and battery technology. This strategic move comes as China bans antimony exports to the USA, highlighting the increasing importance of securing reliable sources of this essential mineral. Spearmint is also planning to update the market on its crypto diversification strategy soon.

Spearmint Resources Ensures Shareholder Access Amid Postal Strike

Spearmint Resources Inc. is addressing shareholder communication challenges due to a postal strike by providing electronic access to essential documents for its upcoming annual general meeting. The company is ensuring shareholders can still participate by offering digital voting options and making proxy-related materials available online.

Spearmint Resources Enters Crypto and Antimony Markets

Spearmint Resources Inc. diversifies into the crypto market with an initial purchase of Solana, committing up to 20% of their cash reserves to this venture. Additionally, the company has acquired the George Lake South Antimony Project in New Brunswick, aiming to capitalize on increasing demand for critical minerals amidst geopolitical tensions.

Spearmint Responds to China’s Mineral Export Ban

Spearmint Resources Inc. is responding to China’s ban on critical mineral exports, including antimony, to the USA by advancing its George Lake South Antimony Project in Canada. With antimony prices soaring, this development positions Spearmint to potentially benefit from the escalating global supply chain tensions.

Spearmint Expands with New Antimony Project

Spearmint Resources Inc. has acquired the George Lake South Antimony Project in New Brunswick, expanding its portfolio amidst a surge in antimony prices. The acquisition positions Spearmint to leverage the growing demand for antimony, driven by its use in electronics, battery technologies, and flame retardants.

Spearmint Resources Ventures into Cryptocurrency Market

Spearmint Resources Inc. is diversifying by investing a portion of its available cash into the cryptocurrency market, focusing on high-quality options like Bitcoin, Ethereum, and Solana. This move comes as the company anticipates that the long-term potential of cryptocurrency may outperform traditional banking rates.