Western Exploration Inc (WEX) AI Stock Analysis

• Market Cap: C$33.13M
• Dividend Yield: N/A
• Average Volume (3M): 112.29K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.93
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: CA
• Employees: 3
• Sector: General
• Sector Strength: N/A
• Industry: Other Precious Metals
• EPS (TTM): -0.04
• Shares Outstanding: 52,582,798
• 10 Day Avg. Volume: 76,622
• 30 Day Avg. Volume: 112,286
• PEG Ratio: -0.17
• Price to Book (P/B): 2.49
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -3.92
• 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: 43 Neutral
• Price Target: C$0.66 ▲(4.13% Upside)

The score is primarily held down by weak financial performance (pre-revenue, recurring losses, and persistent cash burn), only partly offset by the benefit of a debt-free balance sheet. Technicals are mixed with a broader downtrend still evident and limited momentum, while valuation provides little support due to negative earnings and no dividend yield.

Positive Factors

Debt-free balance sheet

A zero-debt position materially reduces insolvency and interest-rate exposure, preserving financing optionality. For a pre-revenue explorer this lowers mandatory cash outflows, extending runway and improving ability to negotiate equity or JV funding on more favorable terms.

Low financial leverage

No leverage means the company avoids fixed interest burdens that can amplify risk during downturns. This structural conservatism supports resilience through exploration cycles and keeps capital allocation focused on project work rather than servicing debt.

Lean operating structure

A very small headcount implies low recurring G&A and payroll burn, which helps stretch limited capital in a pre-revenue phase. This structural cost discipline can preserve cash for exploration activities and reduce frequency/size of dilutive financings.

Negative Factors

Pre-revenue with recurring net losses

Absence of revenue and repeated net losses indicate the business lacks an internal funding engine. Over the medium term this necessitates external capital, increases dilution risk, and makes sustainable project advancement contingent on successful financing events.

Persistent negative operating and free cash flow

Consistent operating and free cash outflows create a structural funding shortfall. Unless reversed, this elevates refinancing and liquidity risk, pressures management to secure capital under potentially adverse terms, and constrains investment in value-accretive exploration.

Negative returns and balance sheet variability

Persistently negative ROE and fluctuating assets/equity signal capital erosion and balance-sheet instability. Over time this undermines investor confidence and can raise the cost of capital, complicating efforts to fund long-term exploration and development programs.

Western Exploration Inc Business Overview & Revenue Model

Company Description

Western Exploration Inc. engages in the exploration and development of gold and silver deposits in North America. Its principal asset is the Aura gold silver project located in Elko County, Nevada. The company is headquartered in Reno, Nevada. Western Exploration Inc. operates as a subsidiary of Golkonda Llc.

How the Company Makes Money

Western Exploration Inc Financial Statement Overview

Summary

Income Statement

Balance Sheet

Cash Flow

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	0.00	0.00	0.00	-10.57K	-12.54K	-30.46K
EBITDA	-6.14M	-5.86M	-4.57M	-5.60M	-1.93M	-7.25M
Net Income	-6.02M	-5.72M	-4.55M	-5.38M	-1.86M	-7.22M
Balance Sheet
Total Assets	11.85M	9.66M	9.30M	9.98M	14.13M	9.86M
Cash, Cash Equivalents and Short-Term Investments	3.19M	990.60K	519.70K	1.27M	5.50M	1.07M
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00
Total Liabilities	1.41M	1.16M	1.33M	1.07M	2.50M	1.97M
Stockholders Equity	10.45M	8.50M	7.97M	8.91M	11.63M	7.89M
Cash Flow
Free Cash Flow	-5.35M	-5.40M	-3.87M	-5.09M	-310.45K	-6.55M
Operating Cash Flow	-5.35M	-5.40M	-3.87M	-5.09M	-266.62K	-6.52M
Investing Cash Flow	0.00	0.00	6.82K	10.00K	43.12K	-33.21K
Financing Cash Flow	4.65M	5.87M	3.12M	834.11K	4.46M	7.41M

Western Exploration Inc Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	55 Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
CAM	53 Neutral	C$37.82M	-6.38	-160.92%	―	―	―
MRZ	50 Neutral	C$46.93M	-4.18	-1572.16%	―	―	1.38%
GBU	49 Neutral	C$33.27M	-1.74	―	―	―	70.07%
CN	45 Neutral	C$25.56M	-4.59	-57.87%	―	―	-581.25%
DMET	44 Neutral	C$36.29M	-2.59	-53.21%	―	―	49.31%
WEX	43 Neutral	C$33.13M	-4.78	-55.76%	―	―	―

Western Exploration Inc Corporate Events

Western Exploration Extends High-Grade Epithermal Trend at Aura’s Tomasina Target

Western Exploration reported new drilling results from four reverse circulation holes at the Tomasina target, about one kilometer west of the Gravel Creek resource at its Aura gold-silver project in Nevada, confirming an extensive epithermal hydrothermal alteration system extending at least 300 meters below the Saddle Zone. The program intersected notable gold and silver grades, including 1.52 meters grading 3.24 g/t gold and 71.1 g/t silver within a broader 19.81-meter mineralized interval in hole WG468, and 1.52 meters of 4.68 g/t gold and 10.0 g/t silver within 15.24 meters in hole WG471, contributing to multiple +3.0 g/t gold intercepts now traced along a 1.5-kilometer segment of the 2.5-kilometer Tomasina structural corridor. Management said the 2025 drill results justify further exploration, with follow-up drilling to be prioritized in untested high-potential areas such as the 500-meter GAP Zone and the Hammer Head target, as near-term work is focused on zones with the greatest potential for resource expansion and broader definition of the project’s 7.0-by-2.4-kilometer epithermal footprint.

The most recent analyst rating on (TSE:WEX) stock is a Hold with a C$0.61 price target. To see the full list of analyst forecasts on Western Exploration Inc stock, see the TSE:WEX Stock Forecast page.

Western Exploration Unveils Promising Drilling Results at Aura Project

Western Exploration Inc. has announced promising results from its initial drilling program at the Tomasina target within the Aura Project. The drilling confirmed a new precious metals-bearing epithermal system, with significant gold and silver mineralization. The results suggest substantial resource growth potential, as the target area remains open along more than two kilometers of strike length. This discovery enhances the company’s prospects and positions it favorably within the precious metals exploration sector.

Western Exploration Advances Aura Project with Stantec Partnership

Western Exploration Inc. has engaged Stantec Consulting Services to begin work on the Mine Plan of Operations for the Doby George Deposit, part of the Aura Gold-Silver Project in Nevada. This strategic move is aimed at advancing the project toward production, leveraging the deposit’s strong economic metrics to deliver value to shareholders. Stantec’s involvement underscores the project’s focus on environmental stewardship and sustainable development, with their expertise expected to guide the permitting and development phases effectively.

Western Exploration Advances 2025 Exploration at Aura Project

Western Exploration Inc. has updated its 2025 exploration program targeting the Tomasina Fault Zone as part of its Aura Project. The company completed nine reverse circulation drill holes, confirming widespread alteration and veining, which indicate a robust hydrothermal system and potential for resource expansion. Initial results are promising, with further drilling planned to explore additional targets, supporting the company’s confidence in the Tomasina target’s potential to complement existing resources at Gravel Creek and the Jarbidge discovery.

The most recent analyst rating on (TSE:WEX) stock is a Buy with a C$2.67 price target. To see the full list of analyst forecasts on Western Exploration Inc stock, see the TSE:WEX Stock Forecast page.