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Northern Lights Resources (NLR) AI Stock Analysis

TSE:NLR

Northern Lights Resources

(CNQX:NLR)

Select Model
Rating:45Neutral
Price Target:CAD 0.08â–¼(-2.35% Downside)
Action:reiterated
Date:10/23/26

The score is primarily constrained by the absence of revenue, persistent operating and free-cash-flow losses, and weak technical momentum. A debt-free balance sheet and low P/E provide support, but the reported profits appear volatile and are not backed by operating cash generation.

Positive Factors
Debt-Free Balance SheetThe absence of debt reduces fixed financial obligations and refinancing exposure, giving the company greater flexibility while it advances exploration assets. This stronger balance-sheet position can also preserve capital for geological work and other corporate priorities.
Negative Factors
Pre-Revenue BusinessWith no reported revenue, NLR has not yet established a recurring operating income stream from its mineral properties. This leaves financial performance dependent on exploration progress and other non-operating factors, limiting visibility into sustainable growth.

Northern Lights Resources (NLR) vs. iShares MSCI Canada ETF (EWC)

-50%-25%0%25%50%75%100%125%TSE:NLR+13.33%EWC+24.02%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
CAD 4.00M
Dividend Yield
―
Average Volume (3M)
83.88K
Price to Earnings (P/E)
3.6
Beta (1Y)
1.47
Revenue Growth
―
EPS Growth
―
Country
Canada
Employees
0
Sector
Basic Materials
Sector Strength
61
Industry
Other Precious Metals

Northern Lights Resources Business Overview & Revenue Model

Company Description

Northern Lights Resources Corporation focuses on the discovery, appraisal, and development of mineral properties throughout the United States. Its exploration efforts are primarily aimed at uncovering deposits containing gold, silver, zinc, and lead....

Northern Lights Resources Financial Statement Overview

Summary

The financial profile is weak overall: the income statement scores 33 due to no revenue and persistent operating losses, while cash flow scores 25 because operating and free cash flow remain negative. The debt-free balance sheet is a relative strength, scoring 70, but recent reported profits appear volatile and are not supported by cash generation.

Income Statement

33Negative

Balance Sheet

70Positive

Cash Flow

25Negative
Financial statement breakdown
BreakdownTTMJul 2026Jul 2025Jul 2024Jul 2023Jul 2022
Income Statement
Total Revenue000000
Gross Profit2,778-7460000
EBITDA-738.24K-725.29K-376.19K-894.00K941.34K-598.26K
Net Income1.79M1.83M-1.93M-972.00K-166.00K-1.16M
Balance Sheet
Total Assets3.75M3.75M658.41K2.61M3.75M2.73M
Cash, Cash Equivalents and Short-Term Investments3.17M3.17M1,052469.39K804.18K24.41K
Total Debt000389.83K1.01M788.09K
Total Liabilities482.07K482.07K755.43K1.01M1.46M1.05M
Stockholders Equity3.26M3.26M-97.02K1.60M2.30M1.68M
Cash Flow
Free Cash Flow-376.57K-376.56K-191.75K-113.56K-337.13K-410.97K
Operating Cash Flow-376.56K-376.56K-191.75K-113.56K-337.13K-410.97K
Investing Cash Flow2.72M2.72M-4,823-2,861109.40K-958.52K
Financing Cash Flow820.00K820.00K193.24K96.62K227.50K966.09K

Northern Lights Resources Technical Analysis

Technical Analysis SentimentNegative
Last Price0.09

Price Trends

50DMA0.12Negative
100DMA0.12Negative
200DMA0.10Negative

Market Momentum

MACD-0.01Positive
RSI36.68Neutral
STOCH8.33Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:NLR, the sentiment is Negative. The current price of 0.09 is below the 20-day moving average (MA) of 0.11, below the 50-day MA of 0.12, and below the 200-day MA of 0.10, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 36.68 is Neutral, neither overbought nor oversold. The STOCH value of 8.33 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:NLR.

Northern Lights Resources Peers Comparison

Overall Rating

UnderperformOutperform
Sector (61)

Financial Indicators

TSE:NLR against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
Sector *61Neutral$10.43B7.12-0.05%2.87%2.86%-36.73%
TSE:ASHLTSE:ASHL51NeutralCAD 6.09M-22.41-18.09%―――
TSE:BEATSE:BEA51NeutralCAD 11.92M-26.39-18.75%――56.25%
TSE:NLRTSE:NLR45NeutralCAD 6.36M3.5695.91%―――
TSE:GCPTSE:GCP44NeutralCAD 1.48M-1.06-79.39%――8.74%
TSE:GRTSE:GR40UnderperformCAD 3.85M-1.0357.88%――-15.10%

* Basic Materials Sector Average

Performance Comparison

0%100%200%TSE:NLRTSE:BEATSE:GRTSE:SAOTSE:GCPTSE:ASHLDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
TSE:NLR and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
TSE:NLRNorthern Lights Resources Corp0.090.0113.33%
TSE:BEABelmont Resources0.100.06171.43%
TSE:GRGreat Atlantic Resources0.06-0.05-45.00%
TSE:SAOSouth Atlantic Gold, Inc.0.070.0362.50%
TSE:GCPGolcap Resources Corp.0.04-0.13-77.14%
TSE:ASHLAshley Gold Corp.0.07-0.01-7.14%

Northern Lights Resources Corporate Events

Business Operations and StrategyPrivate Placements and Financing

Northern Lights Declares Horetzky Copper Project Fully Funded and Drill-Ready

Positive
Oct 6, 2026

Northern Lights Resources has completed pre-drill work at its Horetzky Copper Project in British Columbia’s Babine Porphyry Belt, with permits secured, drill targets defined from integrated 2026 geophysical and geochemical data, and funding in...

Business Operations and Strategy

Northern Lights Advances Yukon Pup Copper Project With First Drill Program

Positive
Oct 5, 2026

Northern Lights Resources has completed its 2026 field program at the Pup Copper Project in Yukon, marking the first-ever drill campaign on the property and advancing the Petal Zone from a grassroots soil anomaly to a drill-tested target. The program...

Business Operations and StrategyRegulatory Filings and Compliance

Investor Jeremy Gillis Lifts Northern Lights Resources Stake to 12%

Positive
Sep 3, 2026

Investor Jeremy Gillis, through his controlled private companies 11661728 Canada Inc. and 1302580 B.C. Ltd., has increased his stake in Northern Lights Resources Corp. via open-market purchases on the Canadian Securities Exchange. These transactions,...

Business Operations and Strategy

Northern Lights Unveils 3D Geophysical Model for Horetzky Copper Project

Positive
Sep 3, 2026

Northern Lights Resources has released a 3D geophysical animation showcasing the deep structure of its Horetzky Copper Project in British Columbia’s Babine Porphyry Belt. The visualization integrates aeromagnetic susceptibility and MobileMT res...

Business Operations and Strategy

Northern Lights Unveils Advanced 3D Model for Horetzky Copper Project

Positive
Aug 31, 2026

Northern Lights Resources has completed an integrated 3D geological model for its Horetzky Copper Project in British Columbia’s Babine Porphyry Belt. The work combines historical induced polarization and resistivity data, recent MobileMT AFMAG...

Business Operations and StrategyExecutive/Board Changes

Northern Lights Resources Names Luka Capin Interim CEO to Advance Key Copper and Gold Projects

Positive
Aug 24, 2026

Northern Lights Resources has appointed director Luka Capin as interim chief executive officer, tasking him with overseeing ongoing work at the Pup Copper Project and the advancement of the Horetzky Copper and Secret Pass Gold projects. The leadershi...

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.

Date of analysis: Oct 23, 2026