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Adamera Minerals
(ADZ)
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Rating:43Neutral
Price Target:
C$0.10
▼(-25.38% Downside)
Action:Reiterated
Date:09/30/26
The score is primarily constrained by weak financial performance: no revenue, widening losses, and continued negative free cash flow that increases reliance on external financing and dilution risk despite zero debt. Technicals are also weak with price below major moving averages and negative MACD, only partially offset by oversold indicators. Valuation signals remain limited due to negative earnings and no dividend yield support.
Positive Factors
Zero Debt
Zero debt reduces fixed financial obligations and interest exposure while the company advances its exploration portfolio. This provides more flexibility than a leveraged structure, although the benefit is partly offset by the need to obtain external capital because operations remain cash consuming.
Negative Factors
No Operating Revenue
The absence of reported revenue means the company currently lacks an operating income stream to fund exploration, corporate costs, or future development. Until projects generate transactions or production, financial progress depends on exploration results and continued access to external funding.
Read all positive and negative factors
Positive Factors
Negative Factors
Zero Debt
Zero debt reduces fixed financial obligations and interest exposure while the company advances its exploration portfolio. This provides more flexibility than a leveraged structure, although the benefit is partly offset by the need to obtain external capital because operations remain cash consuming.
Read all positive factors
Adamera Minerals (ADZ) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$6.66M
Dividend YieldN/A
Average Volume (3M)60.03K
Price to Earnings (P/E)―
Beta (1Y)1.46
Revenue GrowthN/A
EPS Growth-54.20%
CountryCA
EmployeesN/A
SectorGeneral
Sector StrengthN/A
IndustryOther Precious Metals
Share Statistics
EPS (TTM)-0.17
Shares Outstanding66,597,570
10 Day Avg. Volume41,040
30 Day Avg. Volume60,029
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)2.37
Price to Sales (P/S)0.00
P/FCF Ratio-2.14
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
Adamera Minerals Business Overview & Revenue Model
Company Description
Adamera Minerals Corp. operates as an early-stage mineral exploration enterprise, concentrating its efforts on discovering and acquiring sites abundant in precious metals. The company primarily targets deposits of silver, gold, copper, lead, and z...
How the Company Makes Money
Adamera Minerals’ revenue model is not clearly evidenced as recurring operating revenue from mineral production; based on publicly available information it appears to be primarily an exploration-stage issuer. In that business model, cash inflows a...
Adamera Minerals Financial Statement Overview
Summary
Income Statement
9
Very Negative
Balance Sheet
38
Negative
Cash Flow
20
Very Negative
| Breakdown | TTM | Dec 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -17.03K | -9.70K | -14.50K | -118.00 | -14.77K | -14.98K |
| EBITDA | -5.68M | -5.53M | -3.11M | -1.33M | -1.03M | -469.23K |
| Net Income | -5.74M | -5.54M | -3.15M | -1.39K | -1.10M | -560.71K |
Balance Sheet | ||||||
| Total Assets | 1.86M | 1.31M | 6.72M | 8.72M | 9.35M | 9.45M |
| Cash, Cash Equivalents and Short-Term Investments | 621.01K | 323.20K | 602.81K | 335.45K | 794.02K | 1.95M |
| Total Debt | 0.00 | 0.00 | 199.92K | 522.89K | 786.78K | 1.03M |
| Total Liabilities | 447.54K | 560.95K | 778.33K | 1.02M | 1.15M | 1.52M |
| Stockholders Equity | 1.41M | 744.66K | 5.94M | 7.70M | 8.20M | 7.92M |
Cash Flow | ||||||
| Free Cash Flow | -1.05M | -827.02K | -1.07M | -1.33M | -2.38M | -1.15M |
| Operating Cash Flow | -667.88K | -547.15K | -642.59K | -568.02K | -698.28K | -697.05K |
| Investing Cash Flow | -327.48K | -222.88K | -328.44K | -736.01K | -1.68M | -427.76K |
| Financing Cash Flow | 1.52M | 490.43K | 1.31M | 865.45K | 1.31M | 2.25M |
Adamera Minerals Technical Analysis
Negative
0.13
Price Trends
0.15
Negative
0.13
Negative
0.13
Negative
Market Momentum
>-0.01
Positive
35.33
Neutral
3.03
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:ADZ, the sentiment is Negative. The current price of 0.13 is below the 20-day moving average (MA) of 0.13, below the 50-day MA of 0.15, and above the 200-day MA of 0.13, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 35.33 is Neutral, neither overbought nor oversold. The STOCH value of 3.03 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:ADZ.
Adamera Minerals Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
46 Neutral | C$1.90M | -4.29 | 7.69% | ― | ― | ― | |
45 Neutral | C$2.39M | -9.09 | -3.88% | ― | ― | ― | |
44 Neutral | C$4.47M | -17.39 | -13.16% | ― | ― | 62.67% | |
43 Neutral | C$6.66M | -0.58 | -252.22% | ― | ― | -54.20% | |
| ― | C$2.90M | -0.74 | -94.49% | ― | ― | 61.76% |
* General Sector Average
TSE:ADZ
Adamera Minerals
0.10
0.03
42.86%
TSE:ADD
Arctic Star Exploration
0.01
0.00
0.00%
TSE:ETF
Eastfield Resources
0.04
0.00
0.00%
TSE:MMN
Monarca Minerals
0.02
<0.01
50.00%
TSE:GHR.H
Golden Harp Resources
0.10
0.04
66.67%
TSE:GMC
Germanium Mining
0.14
-0.35
-71.43%
Adamera Minerals Corporate Events
Business Operations and Strategy
Adamera Extends Major Copper-Gold IP Anomaly at South Hedley
Positive
Oct 7, 2026
Adamera Minerals reported that ongoing induced polarization surveying at its South Hedley Project has significantly expanded the Max copper-gold IP anomaly, which now measures roughly 3 to 4 kilometres wide and 3 kilometres along strike, remaining...
Business Operations and Strategy
Adamera Confirms Safe Access and Mineralization Potential at Historic Talisman Tungsten Mine
Positive
Oct 5, 2026
Adamera Minerals has completed an underground inspection of the historic Talisman Tungsten Mine in Washington State, confirming that the workings are accessible and generally stable, with no immediate impediments to safe re-entry. The review by JD...
Business Operations and Strategy
Adamera Expands Large Copper-Gold Target at South Hedley Project
Positive
Sep 16, 2026
Adamera Minerals is advancing exploration on its 100%-owned South Hedley copper-gold property in the Quesnel Trough of southern British Columbia. The project benefits from proximity to existing operations, including Copper Mountain and the histori...
Business Operations and Strategy
Adamera Minerals Expands South Hedley Footprint With Bromley Copper-Gold Claims
Positive
Sep 8, 2026
Adamera Minerals has staked the Bromley claims, adding more than 4,700 hectares contiguous to its South Hedley Property and extending its land position westward to connect with the eastern claim boundary of Hudbay Minerals’ Copper Mountain m...
Business Operations and Strategy
Adamera Maps Large Copper-Gold IP Anomaly at South Hedley as Wildfire Curbs Ease
Positive
Sep 2, 2026
Adamera Minerals has reported partial results from an induced polarization survey at its 100% owned South Hedley Copper-Gold Property in southern British Columbia, defining a strong chargeability anomaly at the Max target with a minimum width of 2...
Business Operations and StrategyPrivate Placements and Financing
Adamera Minerals Raises $815,000 in Non-Brokered Private Placement for Exploration Work
Positive
Aug 20, 2026
Adamera Minerals Corp. has closed a non-brokered private placement, raising $815,000 through the issuance of 8,150,000 units priced at $0.10 each, with attached warrants exercisable at $0.15 for three years and subject to an acceleration clause ba...
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.