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Spearmint Resources (TSE:SPMT)
:SPMT

Spearmint Resources Inc (SPMT) AI Stock Analysis

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Spearmint Resources Inc

(SPMT)

Rating:34Underperform
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 (SPMT) vs. iShares MSCI Canada ETF (EWC)

Spearmint Resources Inc Business Overview & Revenue Model

Company DescriptionSpearmint 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 MoneySpearmint 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
10
Very Negative
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
30
Negative
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
20
Very Negative
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
TTMMar 2024Mar 2023Mar 2022Mar 2021Mar 2020
Income StatementTotal Revenue
0.000.000.000.000.000.00
Gross Profit
-1.62K0.000.000.000.00
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 SheetCash, Cash Equivalents and Short-Term Investments
125.18K188.25K933.08K2.33M1.96M151.55K
Total Assets
3.36M3.95M4.32M5.54M3.98M1.71M
Total Debt
0.000.000.000.000.000.00
Net Debt
-125.18K-188.25K-933.08K-2.33M-1.96M-151.55K
Total Liabilities
168.01K53.97K65.81K782.18K279.51K500.81K
Stockholders Equity
3.19M3.89M4.25M4.76M3.70M1.21M
Cash FlowFree 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
71.20K0.0072.50K2.13M3.01M172.08K

Spearmint Resources Inc Technical Analysis

Technical Analysis Sentiment
Negative
Last Price0.01
Price Trends
50DMA
0.02
Negative
100DMA
0.02
Negative
200DMA
0.02
Negative
Market Momentum
MACD
>-0.01
Positive
RSI
0.02
Positive
STOCH
50.00
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

Overall Rating
UnderperformOutperform
Sector (51)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
TSILI
53
Neutral
C$6.80M15.001.50%
51
Neutral
$2.04B-1.15-21.24%3.95%2.91%-30.44%
TSGR
38
Underperform
C$3.99M134.74%34.31%
TSDEC
37
Underperform
C$3.68M-11.77%-55.32%
34
Underperform
C$2.88M-77.72%-7.50%
TSAME
30
Underperform
C$3.45M18.45%-135.66%
$3.16M
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
TSE:SPMT
Spearmint Resources Inc
0.01
-0.01
-50.00%
TSE:ILI
Imagine Lithium Inc
0.02
>-0.01
-33.33%
TSE:AME
Abacus Mining & Exploration
0.02
-0.02
-50.00%
TSE:DEC
Decade Resources
0.02
-0.03
-60.00%
TSE:GR
Great Atlantic Resources
0.07
0.01
16.67%
CYLYF
Ceylon Graphite
0.01
-0.02
-66.67%

Spearmint Resources Inc Corporate Events

Spearmint Resources Expands Crypto Holdings and Advances Mining Projects
Jan 16, 2025

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
Dec 13, 2024

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
Dec 12, 2024

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
Dec 9, 2024

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
Dec 4, 2024

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
Nov 27, 2024

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
Nov 12, 2024

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.

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.