EEE Exploration Corp. (SPOD) AI Stock Analysis

• Market Cap: C$940.15K
• Dividend Yield: N/A
• Average Volume (3M): 225.22K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.63
• Revenue Growth: N/A
• EPS Growth: -28.95%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): N/A
• Shares Outstanding: 94,015,310
• 10 Day Avg. Volume: 644,651
• 30 Day Avg. Volume: 225,225
• PEG Ratio: -0.11
• Price to Book (P/B): 0.43
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -3.81
• 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: 41 Neutral
• Price Target: C$0.01 ▼(-30.00% Downside)

The score is primarily held down by weak financial performance: no revenue, persistent/worsening losses, and negative operating/free cash flow, implying continued reliance on external funding. Technicals add modest pressure with the stock trading below major moving averages and a negative MACD. Valuation contributes little support due to a negative P/E and no provided dividend yield.

Positive Factors

Debt-free Balance Sheet

A zero-debt capital structure materially reduces fixed financing costs and bankruptcy risk, giving management durable financial flexibility. For an exploration-stage gold company, low leverage preserves optionality for strategic funding, partnerships, or staged project development.

Free Cash Flow Tracks Net Income

FCF closely tracking net income implies accounting losses reflect actual cash outflows, improving the reliability of cash-based forecasting. This alignment aids longer-term capital planning and valuation modeling versus firms with large noncash distortions.

Prior Period Positive Operating Cash Flow

Demonstrated ability to generate positive operating cash flow historically suggests the business can achieve cash neutrality under certain conditions, indicating operational levers or timing effects exist that management can reapply as projects advance.

Negative Factors

Pre-revenue with Worsening Losses

Being pre-revenue means future profitability depends on successful project advancement. The material widening of TTM net loss versus the most recent annual period increases structural execution and funding risk, making sustainable margins and returns uncertain.

Negative and Deteriorating Cash Flow

Recurrent negative operating and free cash flow indicate ongoing cash burn that will likely require external financing. Over months, this elevates dilution and constrains investment in exploration, limiting the company’s ability to advance projects or negotiate favorable JVs.

Eroding Shareholders' Equity

A shrinking equity base reduces the financial cushion against continued losses and limits balance-sheet capacity to fund or collateralize projects. Over time this can force dilutive raises or unfavorable financing, weakening long-term strategic flexibility.

EEE Exploration Corp. Business Overview & Revenue Model

Company Description

EEE Exploration Corp. engages in the mineral exploration business in Canada. The company holds a 100% interest in the Golden Moon property comprising 10 mineral claims located in Quebec. It also holds an option to acquire a 100% interest in the NW Abitibi Project comprising 66 mineral claims in Ontario. The company was formerly known as Express Capital Corp. and changed its name to EEE Exploration Corp. EEE Exploration Corp. was incorporated in 2014 and is headquartered in Vancouver, Canada.

How the Company Makes Money

EEE Exploration Corp. makes money through the identification, acquisition, and development of lithium-rich mineral properties. The company's primary revenue streams include the sale of lithium extracted from its mining operations and strategic partnerships or joint ventures with larger mining companies seeking to expand their resource base. Additionally, EEE Exploration Corp. may generate income through licensing agreements or royalties from its exploration technologies and methodologies. The company's earnings are significantly influenced by global lithium market prices, extraction and production costs, and regulatory factors impacting mining operations.

EEE Exploration Corp. Financial Statement Overview

Summary

Pre-revenue business with persistent and worsening losses (TTM net loss larger than the most recent annual loss) and renewed cash burn (negative operating and free cash flow in TTM). The main strength is a debt-free balance sheet, but declining equity indicates ongoing funding/erosion risk.

Income Statement

The company reports no revenue across the annual periods shown, indicating it is still pre-production/early-stage. Losses are persistent and sizable, with net income remaining negative in every period and worsening in TTM (Trailing-Twelve-Months) versus the most recent annual report (annual net loss of about $0.8M vs. TTM net loss of about $2.35M). While this is not unusual for an exploration-stage gold company, the lack of revenue and continued operating losses weigh heavily on the income statement quality.

Balance Sheet

Leverage appears low with total debt reported at $0 across periods, which is a notable balance sheet strength. However, profitability remains weak, as reflected in negative returns on equity in all periods (including TTM). Equity levels have also declined from the most recent annual report to TTM (roughly $4.49M to $2.97M), suggesting ongoing losses and/or funding impacts are eroding the capital base. Overall, the balance sheet is conservatively levered but still pressured by recurring losses.

Cash Flow

Cash generation is inconsistent and recently negative: operating cash flow turned negative again in TTM (Trailing-Twelve-Months) after being positive in the prior annual period. Free cash flow is also negative in TTM and shows a sharp decline versus the prior period (large negative growth rate), pointing to higher cash burn. A key positive is that free cash flow tracks net income closely in the provided data (free cash flow to net income near ~1.0 in the latest periods), but the overall picture is still one of ongoing cash outflows that likely require continued external funding.

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	0.00	0.00	0.00	0.00
EBITDA	-618.30K	-525.92K	-1.25M	-302.59K	-317.90K
Net Income	-800.81K	-525.92K	-1.25M	-303.22K	-282.10K
Balance Sheet
Total Assets	5.13M	5.44M	3.14M	710.58K	639.34K
Cash, Cash Equivalents and Short-Term Investments	36.55K	1.18M	382.18K	36.63K	444.67K
Total Debt	0.00	0.00	0.00	0.00	0.00
Total Liabilities	645.17K	781.72K	191.54K	143.30K	94.96K
Stockholders Equity	4.49M	4.66M	2.95M	567.28K	544.38K
Cash Flow
Free Cash Flow	-510.87K	238.99K	-2.29M	-408.04K	-406.50K
Operating Cash Flow	-510.87K	238.99K	-1.54M	-245.34K	-274.46K
Investing Cash Flow	-1.31M	-1.19M	-757.25K	-162.69K	-132.04K
Financing Cash Flow	681.61K	1.74M	2.63M	0.00	835.23K

EEE Exploration Corp. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.02
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:SPOD, the sentiment is Negative. The current price of 0.02 is above the 20-day moving average (MA) of 0.02, above the 50-day MA of 0.02, and above the 200-day MA of 0.02, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 35.46 is Neutral, neither overbought nor oversold. The STOCH value of 66.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:SPOD.

EEE Exploration Corp. 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%
NEWD	54 Neutral	C$1.12M	-1.18	―	―	―	92.44%
GRHK	52 Neutral	C$3.02M	-1.24	-213.10%	―	―	-110.45%
AIS	48 Neutral	C$2.72M	-1.13	―	―	-2373.01%	53.68%
SPOD	41 Neutral	C$940.15K	-0.36	-24.25%	―	―	-28.95%
LP	34 Underperform	C$1.24M	-0.58	―	―	―	―

EEE Exploration Corp. Corporate Events

Spod Lithium Sells North Nipigon Asset and Announces CEO Transition

Spod Lithium Corp. has sold its 100% interest in the North Nipigon lithium exploration property in Ontario to Imagine Lithium Inc. for cash consideration of $30,000, a move the company says is consistent with its strategy to concentrate capital and management attention on its flagship assets. In parallel, the company announced the resignation of CEO, president and director Mathieu Couillard, appointing CFO Veronique Laberge as interim chief executive and director while the board initiates a search for a permanent CEO, signaling a transitional period in leadership as Spod Lithium refines its portfolio and seeks to strengthen its positioning in the competitive lithium exploration market.

Spod Lithium Corp. Completes Second Tranche of Private Placement

Spod Lithium Corp. has successfully completed the second tranche of its non-brokered private placement, raising $88,000 through the sale of 4,400,000 units. The proceeds will be used for general working capital purposes, and the securities issued will be subject to a statutory hold period. This move is part of the company’s strategic efforts to enhance its financial position and support its ongoing exploration and development activities, potentially strengthening its market position in the lithium industry.