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Defense Metals (DEFN) AI Stock Analysis
Defense Metals
(TSXV:DEFN)
The score is primarily constrained by the pre-revenue business model, persistent losses, and ongoing cash burn. A low-debt balance sheet provides some financial flexibility, but weak technical momentum and the absence of positive earnings-based valuation support keep the overall score low.
Defense Metals (DEFN) vs. iShares MSCI Canada ETF (EWC)
- Market Cap
- CAD 27.11M
- Dividend Yield
- ―
- Average Volume (3M)
- 248.11K
- Price to Earnings (P/E)
- -5.9
- Beta (1Y)
- 0.12
- Revenue Growth
- ―
- EPS Growth
- 21.18%
- Country
- Canada
- Employees
- 0
- Sector
- Basic Materials
- Sector Strength
- 61
- Industry
- Other Precious Metals
Defense Metals Business Overview & Revenue Model
Company Description
Defense Metals Corp. is a Canadian firm specializing in the discovery, development, and assessment of mineral deposits throughout the country. A significant asset for the company is its option to acquire full ownership of the Wicheeda project, an ext...
How the Company Makes Money
As an exploration-stage company, publicly available information does not indicate that Defense Metals generates recurring operating revenue from selling products or services. Accordingly, its primary source of funding has typically been capital marke...
Defense Metals Financial Statement Overview
Summary
The company has a strong, low-debt balance sheet, but this is outweighed by zero revenue, persistent net losses, and consistently negative operating and free cash flow.
Income Statement
22NegativeBalance Sheet
72PositiveCash Flow
33Negative| Breakdown | TTM | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0 | 0 | 0 | 0 | 0 | 0 |
| Gross Profit | -49.20K | -49.20K | -55.06K | 0 | 0 | 0 |
| EBITDA | -4.78M | -5.04M | -5.07M | 361.48K | 1.19M | 101.02K |
| Net Income | -5.20M | -5.20M | -5.77M | -2.76M | -2.71M | -3.78M |
Balance Sheet | ||||||
| Total Assets | 62.74M | 62.74M | 45.68M | 42.65M | 32.74M | 25.26M |
| Cash, Cash Equivalents and Short-Term Investments | 12.88M | 12.88M | 695.26K | 916.07K | 1.76M | 724.81K |
| Total Debt | 12.58K | 12.58K | 3.52M | 0 | 0 | 0 |
| Total Liabilities | 1.91M | 1.91M | 8.39M | 808.91K | 656.52K | 668.62K |
| Stockholders Equity | 60.83M | 60.83M | 37.30M | 41.84M | 32.09M | 24.59M |
Cash Flow | ||||||
| Free Cash Flow | -4.59M | -3.68M | -4.04M | -12.73K | -9.60M | -5.24M |
| Operating Cash Flow | -3.68M | -3.68M | -2.52M | -2,605 | -2.96M | -2.36M |
| Investing Cash Flow | -5.10M | -5.10M | -1.52M | -10.12M | -6.90M | -2.95M |
| Financing Cash Flow | 20.97M | 20.97M | 3.82M | 11.88M | 10.91M | 5.18M |
Defense Metals Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:DEFN, the sentiment is Negative. The current price of 0.10 is below the 20-day moving average (MA) of 0.11, below the 50-day MA of 0.13, and below the 200-day MA of 0.18, indicating a bearish trend. The MACD of -0.01 indicates Negative momentum. The RSI at 30.34 is Neutral, neither overbought nor oversold. The STOCH value of 44.44 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:DEFN.
Defense Metals Peers Comparison
Overall Rating
TSE:NKL47Neutral- TSE:DEFN42Neutral
TSE:ELBM40Underperform
TSE:FPX40Underperform
TSE:NGC40Underperform
TSE:AVL39Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| Sector * | 61Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% |
| TSE:NKL | 47Neutral | CAD 83.50M | 12.60 | 5.87% | ― | ― | ― |
| TSE:DEFN | 42Neutral | CAD 37.54M | -5.94 | -10.46% | ― | ― | 21.18% |
| TSE:ELBM | 40Underperform | CAD 60.96M | -0.41 | -118.80% | ― | ― | 21.84% |
| TSE:FPX | 40Underperform | CAD 85.27M | -12.73 | -10.05% | ― | ― | -95.41% |
| TSE:NGC | 40Underperform | CAD 9.96M | -0.32 | 66.83% | ― | -64.07% | 7.64% |
| TSE:AVL | 39Underperform | CAD 26.16M | -0.89 | -23.17% | ― | ― | -306.68% |
* Basic Materials Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TSE:DEFN | Defense Metals Corp | 0.10 | -0.21 | -68.85% | |
| TSE:AVL | Avalon Advanced Materials Inc. | 5.63 | -6.97 | -55.32% | |
| TSE:ELBM | Electra Battery Materials Corp | 0.57 | -0.85 | -59.86% | |
| TSE:FPX | Fpx Nickel Corp. | 0.27 | -0.18 | -40.00% | |
| TSE:NGC | Northern Graphite | 0.06 | -0.14 | -69.23% | |
| TSE:NKL | Nickel 28 Capital Corp | 0.98 | 0.27 | 38.03% |
Defense Metals Corporate Events
Defense Metals Raises C$3.65 Million in First Tranche to Advance Wicheeda REE Project
PositiveDefense Metals Corp. has closed the first tranche of a non-brokered private placement, raising approximately C$3.65 million through the issuance of nearly 39 million units priced at C$0.14, each including a common share and half a warrant exercisable...
Defense Metals’ Wicheeda Drilling Supports Resource Upgrade with High-Grade Rare Earth Intercepts
PositiveDefense Metals Corp. reported assay results from the final ten core drill holes of its 2026 spring program at the Wicheeda Rare Earth Project, confirming significant widths of high to moderate grade rare earth mineralization within the existing pit d...
Defense Metals Launches $6 Million Private Placement to Advance Wicheeda Project
PositiveDefense Metals Corp. plans to raise up to $6 million through a non-brokered private placement of 42,857,142 units priced at $0.14 each, comprising one common share and half a warrant exercisable at $0.21 for 36 months. The financing uses the listed i...
Defense Metals Reports High‑Grade Drill Results at Wicheeda Rare Earth Project
PositiveDefense Metals reported strong assay results from the first 11 core drill holes of its 2026 program at the Wicheeda Rare Earth Project in British Columbia, all intersecting significant rare earth mineralization within the current pit design. Key inte...
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.
Date of analysis: Oct 17, 2026