White Metal Resources Corp (TSE:TGOL)
:TGOL
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White Metal Resources
(TGOL)
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Select Model
Rating:45Neutral
Price Target:
C$0.10
▲(63.33% Upside)
Action:ReiteratedDate:03/25/26
The score is primarily held down by weak financial performance (no revenue, ongoing losses, and persistent negative free cash flow/cash burn). Technicals are mixed but somewhat supportive longer-term (above key longer-duration moving averages with neutral RSI). Valuation is constrained by a negative P/E due to losses and no stated dividend yield.
Positive Factors
Clean balance sheet
Zero reported debt and a larger equity base give the company durable financial flexibility: management can fund operations or exploration without immediate leverage, lowering insolvency risk and preserving optionality for multi-month financing or strategic investments.
Negative Factors
No revenue
Absence of revenue is a fundamental structural weakness: without recurring sales the business model lacks proven customer demand. Sustained losses without revenue force reliance on financing and make it difficult to demonstrate sustainable unit economics or scale operations over time.
Read all positive and negative factors
Positive Factors
Negative Factors
Clean balance sheet
Zero reported debt and a larger equity base give the company durable financial flexibility: management can fund operations or exploration without immediate leverage, lowering insolvency risk and preserving optionality for multi-month financing or strategic investments.
Read all positive factors
White Metal Resources (TGOL) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$32.36M
Dividend YieldN/A
Average Volume (3M)187.15K
Price to Earnings (P/E)―
Beta (1Y)2.01
Revenue GrowthN/A
EPS Growth6.45%
CountryCA
Employees2
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)0.00
Shares Outstanding281,357,970
10 Day Avg. Volume99,017
30 Day Avg. Volume187,150
Financial Highlights & Ratios
PEG Ratio-0.27
Price to Book (P/B)1.47
Price to Sales (P/S)0.00
P/FCF Ratio-14.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
White Metal Resources Business Overview & Revenue Model
Company Description
Thunder Gold Corp., a junior exploration company, engages in the acquisition, exploration, and development of mining properties in Canada. The company's flagship property is the Tower Mountain gold project located in northwestern Ontario. It also ...
How the Company Makes Money
null...
White Metal Resources Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
66
Positive
Cash Flow
22
Negative
| Breakdown | TTM | Jul 2024 | Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -16.67K | -14.93K | -13.07K | -10.08K | -3.85K | -1.27K |
| EBITDA | -345.03K | -1.13M | -646.18K | -993.99K | -950.44K | -555.89K |
| Net Income | -38.16K | -1.15M | -690.75K | 455.57K | -1.07M | 653.20K |
Balance Sheet | ||||||
| Total Assets | 12.52M | 8.91M | 7.61M | 9.78M | 7.39M | 6.21M |
| Cash, Cash Equivalents and Short-Term Investments | 3.30M | 1.19M | 828.39K | 1.83M | 1.67M | 3.71M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 522.15K | 36.08K | 47.83K | 884.67K | 183.73K | 122.80K |
| Stockholders Equity | 12.00M | 8.88M | 7.56M | 8.89M | 7.18M | 6.06M |
Cash Flow | ||||||
| Free Cash Flow | -976.67K | -932.39K | -692.60K | -691.46K | -514.11K | -472.72K |
| Operating Cash Flow | -971.21K | -881.13K | -692.60K | -641.65K | -500.54K | -462.85K |
| Investing Cash Flow | -1.69M | -600.37K | -328.41K | -755.48K | -2.38M | -853.95K |
| Financing Cash Flow | 3.52M | 2.07M | 0.00 | 1.08M | 1.83M | 3.85M |
White Metal Resources Technical Analysis
Positive
0.06
Price Trends
0.12
Negative
0.09
Positive
0.08
Positive
Market Momentum
>-0.01
Positive
50.69
Neutral
58.33
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:TGOL, the sentiment is Positive. The current price of 0.06 is below the 20-day moving average (MA) of 0.12, below the 50-day MA of 0.12, and below the 200-day MA of 0.08, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 50.69 is Neutral, neither overbought nor oversold. The STOCH value of 58.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:TGOL.
White Metal Resources Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
51 Neutral | C$17.67M | 251.29 | -125.25% | ― | ― | -500.71% | |
49 Neutral | C$25.96M | -30.48 | -7.34% | ― | ― | 78.16% | |
46 Neutral | C$12.46M | -5.43 | -34.77% | ― | ― | 86.96% | |
45 Neutral | C$32.36M | -103.05 | -0.37% | ― | ― | 6.45% | |
45 Neutral | C$17.29M | -28.06 | -2.38% | ― | ― | 22.59% | |
42 Neutral | C$12.04M | -5.36 | ― | ― | ― | -51.55% |
* Basic Materials Sector Average
TSE:TGOL
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White Metal Resources Corporate Events
Business Operations and StrategyRegulatory Filings and Compliance
Thunder Gold to Showcase Tower Mountain Gold Project at NWOPA Event
Positive
Apr 2, 2026
Thunder Gold Corp. will meet investors and industry stakeholders at the Northwestern Ontario Prospectors Association Showcase in Thunder Bay on April 8 and 9, where it will present its exploration progress and plans. The company aims to highlight ...
Business Operations and StrategyExecutive/Board Changes
Thunder Gold Adds Donovan Bailey to Board as Tower Mountain Resource Grows
Positive
Apr 2, 2026
Thunder Gold Corp. has appointed Olympic sprint legend and entrepreneur Donovan Bailey to its board of directors, aiming to leverage his global profile, business network and promotional reach to raise the company’s visibility and attract new...
Business Operations and StrategyPrivate Placements and Financing
Thunder Gold Secures Ontario Funding to Advance Tower Mountain Gold Project
Positive
Mar 30, 2026
Thunder Gold Corp. has received $215,000 in funding from the Ontario Junior Exploration Program, part of a broader $10 million provincial initiative backing 68 early exploration mining companies. The grant will support geophysical and geochemical ...
Business Operations and StrategyPrivate Placements and Financing
Thunder Gold Raises $2.5 Million to Expand Tower Mountain Drilling Campaign
Positive
Mar 18, 2026
Thunder Gold has closed a non-brokered private placement of 25,000,000 units at $0.10 per unit, raising $2.5 million in a financing led by a strategic mining-sector investor. Each unit includes one common share and a half warrant exercisable at $0...
Business Operations and StrategyRegulatory Filings and Compliance
Thunder Gold Files NI 43-101 Report for Tower Mountain Gold Resource
Positive
Mar 10, 2026
Thunder Gold Corp. has filed an NI 43-101 Technical Report supporting the 2026 mineral resource estimate for its Tower Mountain Gold Property, located about 40 kilometres west of Thunder Bay, Ontario. The report, prepared by Micon International Li...
Business Operations and StrategyPrivate Placements and Financing
Thunder Gold launches $2.5 million financing to advance Tower Mountain drilling and studies
Positive
Feb 24, 2026
Thunder Gold Corp. has launched a non-brokered private placement of 25,000,000 units at $0.10 per unit to raise $2.5 million, each unit comprising one common share and half a warrant exercisable at $0.15 for 18 months. The financing, expected to c...
Business Operations and Strategy
Thunder Gold Taps Atrium Research to Boost Market Visibility for Tower Mountain Project
Positive
Jan 30, 2026
Thunder Gold Corp. has engaged Atrium Research Corporation to provide company-sponsored equity research coverage and recorded management interviews over a 12-month term starting February 1, 2026, for a quarterly cash fee, subject to TSX Venture Ex...
Business Operations and StrategyFinancial Disclosures
Thunder Gold Unveils 3.6-Million-Ounce Gold Resource at Tower Mountain
Positive
Jan 26, 2026
Thunder Gold Corp. has released its maiden mineral resource estimate for the Tower Mountain Gold Property, outlining an indicated resource of 34.5 million tonnes grading 0.46 g/t gold for 514,000 ounces and an inferred resource of 211.1 million to...
Business Operations and Strategy
Thunder Gold Launches 2026 Resource Definition Drilling at Tower Mountain
Positive
Jan 20, 2026
Thunder Gold Corp. has launched a fully funded 5,000-metre Phase One resource definition drill program at its Tower Mountain Gold Property, scheduled to begin on February 1, 2026, with drilling concentrated along the western contact of the Tower M...
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.