Fathom Nickel (FNI) AI Stock Analysis

• Market Cap: C$4.91M
• Dividend Yield: N/A
• Average Volume (3M): 439.45K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.66
• Revenue Growth: N/A
• EPS Growth: 53.65%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 61
• Industry: Industrial Materials
• EPS (TTM): -0.01
• Shares Outstanding: 140,335,980
• 10 Day Avg. Volume: 679,220
• 30 Day Avg. Volume: 439,454
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.00
• Price to Cash Flow (P/CF): 0.00
• P/FCF Ratio: 0.00
• 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

Fathom Nickel's overall stock score is weighed down by its fundamental financial difficulties, including zero revenue and negative cash flows, despite a strong equity position. Technical indicators suggest neither strong bullish nor bearish momentum, and the negative P/E ratio further detracts from its appeal. While corporate events highlight potential future opportunities, they do not currently offset the financial concerns.

Fathom Nickel Business Overview & Revenue Model

Company Description

Fathom Nickel (FNI) is a mining exploration company focused on the discovery and development of high-grade nickel deposits. Operating primarily in the mining sector, Fathom Nickel is dedicated to advancing its projects to meet the growing global demand for nickel, which is a crucial component in electric vehicle batteries and other green technologies.

How the Company Makes Money

Fathom Nickel makes money through its exploration and development activities, aiming to identify and extract valuable nickel resources. The company generates revenue by selling the extracted nickel ore to refineries and other industrial buyers. Additionally, Fathom Nickel may form strategic partnerships or joint ventures with larger mining companies to co-develop its projects, which can provide upfront payments, milestone-based funding, or a share of future profits. As exploration projects progress to extraction, the potential for revenues increases, contingent on the successful commercialization of its nickel deposits.

Fathom Nickel Financial Statement Overview

Summary

Fathom Nickel faces significant financial challenges with zero revenue and consistent losses. While the company has a healthy equity position with no debt, its negative operating and free cash flows raise concerns about financial sustainability and growth prospects. The reliance on external financing highlights potential cash flow uncertainties.

Income Statement

Fathom Nickel has consistently reported zero revenue, resulting in negative gross profit, EBIT, and net income margins. This trend indicates significant operational challenges, with no visible path to profitability. The absence of revenue growth further exacerbates concerns about the company’s ability to generate sales.

Balance Sheet

The company maintains a healthy equity position, with no debt, which reduces financial risk. However, the low asset base and negative profitability limit its ability to leverage equity effectively. The equity ratio remains strong, but the lack of revenue generation poses a risk to long-term sustainability.

Cash Flow

Fathom Nickel exhibits negative operating and free cash flows, reflecting cash outflows from operations and investments. The absence of positive cash flow growth highlights difficulties in achieving cash flow stability. Financing activities have provided liquidity, but sustainability remains a concern.

Breakdown
Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
0.00	0.00	0.00	0.00	0.00
	Gross Profit
-29.60K	-47.93K	-4.67K	0.00	0.00
	EBIT
-2.41M	-2.19M	-5.40M	-29.35K	-134.55K
	EBITDA
-1.29M	-1.08M	-2.08M	0.00	0.00
	Net Income Common Stockholders
-2.05M	-104.75K	-8.06M	-36.00K	-134.55K
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
3.75M	2.96M	8.09M	9.27K	0.00
	Total Assets
18.30M	14.17M	14.39M	1.52M	0.00
	Total Debt
0.00	269.55K	273.56K	―	0.00
	Net Debt
-3.30M	-2.69M	-7.81M	―	0.00
	Total Liabilities
698.72K	661.63K	1.51M	37.70K	176.00
	Stockholders Equity
17.61M	13.50M	12.88M	1.48M	-176.00
Cash Flow		Free Cash Flow
―	-6.67M	-6.20M	-164.80K	0.00
	Operating Cash Flow
―	-1.91M	-2.16M	-80.19K	0.00
	Investing Cash Flow
―	-4.72M	-3.95M	-64.22K	0.00
	Financing Cash Flow
―	1.49M	14.19M	66.47K	0.00

Fathom Nickel Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.04
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:FNI, the sentiment is Positive. The current price of 0.04 is above the 20-day moving average (MA) of 0.03, above the 50-day MA of 0.03, and above the 200-day MA of 0.03, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 57.33 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 Positive sentiment for TSE:FNI.

Fathom Nickel Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SGML	53 Neutral	$1.28B	―	-40.19%	―	32.63%	-58.81%
LGO	52 Neutral	$128.22M	―	-24.10%	―	-36.34%	-66.53%
Sector *	49 Neutral	$1.95B	-1.32	-21.23%	3.72%	0.87%	-29.37%
FPX	40 Underperform	C$74.01M	―	-4.25%	―	―	48.82%
CANX	39 Underperform	$5.53M	―	-7.13%	―	―	20.83%
FNI	30 Underperform	C$4.91M	―	-5.65%	―	―	53.65%

Fathom Nickel Corporate Events

Fathom Nickel’s 2024 Achievements and 2025 Outlook

Fathom Nickel has made significant progress in 2024 despite challenging market conditions, particularly at its Gochager Lake project. The company’s exploration has revealed that the historic Gochager Lake deposit remains open for expansion, with potential for multiple mineral deposits within an expanded area. Fathom’s strategy is to discover massive sulphide bodies, which could lead to significant near-term share price gains.

Fathom Nickel Completes First Tranche of Offering

Fathom Nickel Inc. has successfully closed the first tranche of its private placement, raising $398,025 through the issuance of flow-through and non-flow-through units. The proceeds will be used for exploration and development of mineral projects in Saskatchewan, Canada. The next tranche is expected to close in mid-January 2025.

Fathom Nickel Enhances Offering Strategy

Fathom Nickel Inc. is enhancing its financing strategy by adding a flow-through unit component to its non-brokered offering, increasing the potential investment appeal. The funds raised will support exploration and development projects, including the Gochager Lake Project in Saskatchewan, aiming for a completion around late November 2024.