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Temas Resources
(TMAS)
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Rating:45Neutral
Price Target:
C$0.06
▼(-50.83% Downside)
Action:Reiterated
Date:09/29/26
The score is primarily constrained by weak financial performance—minimal revenue, large recurring losses, and ongoing negative free cash flow—partially offset by a low-debt balance sheet with positive equity. Technicals also weigh on the score due to a clear downtrend (price below major moving averages) and negative momentum. Valuation is difficult to support with a negative P/E and no dividend yield provided.
Positive Factors
Low leverage
Essentially no debt reduces interest burden and leverage-related financial risk while preserving flexibility for project development. The positive equity base gives Temas a stronger starting position than a similarly loss-making explorer funded primarily through borrowings.
Negative Factors
Minimal revenue base
Very limited revenue shows that Temas has not yet established a meaningful commercial operating base. This leaves the company dependent on advancing development activities before it can demonstrate repeatable sales, operating leverage, or a self-funding business model.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage
Essentially no debt reduces interest burden and leverage-related financial risk while preserving flexibility for project development. The positive equity base gives Temas a stronger starting position than a similarly loss-making explorer funded primarily through borrowings.
Read all positive factors
Temas Resources (TMAS) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$6.50M
Dividend YieldN/A
Average Volume (3M)47.51K
Price to Earnings (P/E)―
Beta (1Y)0.23
Revenue GrowthN/A
EPS Growth-73.89%
CountryCA
Employees1
SectorGeneral
Sector StrengthN/A
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.13
Shares Outstanding108,260,170
10 Day Avg. Volume52,418
30 Day Avg. Volume47,509
Financial Highlights & Ratios
PEG Ratio-0.04
Price to Book (P/B)1.00
Price to Sales (P/S)0.00
P/FCF Ratio-1.86
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
Temas Resources Business Overview & Revenue Model
Company Description
Temas Resources Corp. engages in the acquisition, exploration, and development of mineral properties in Canada. The company explores for iron, titanium, and vanadium deposits. Its flagship property is 100% owned the La Blache property comprising 1...
Temas Resources Financial Statement Overview
Summary
Income Statement
14
Very Negative
Balance Sheet
58
Neutral
Cash Flow
18
Very Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 59.68K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 59.68K | 0.00 | 0.00 | 0.00 | -63.13K | -52.61K |
| EBITDA | -7.52M | -5.54M | -590.96K | -1.85M | -3.94M | -3.51M |
| Net Income | -7.90M | -5.92M | -1.75M | -2.23M | -4.34M | -3.72M |
Balance Sheet | ||||||
| Total Assets | 11.01M | 12.25M | 6.73M | 6.79M | 8.79M | 11.51M |
| Cash, Cash Equivalents and Short-Term Investments | 3.39M | 4.70M | 76.56K | 271.24K | 789.50K | 2.01M |
| Total Debt | 0.00 | 0.00 | 0.00 | 96.41K | 0.00 | 0.00 |
| Total Liabilities | 1.54M | 1.69M | 1.51M | 1.95M | 1.65M | 675.68K |
| Stockholders Equity | 9.48M | 10.56M | 5.23M | 4.84M | 7.14M | 10.84M |
Cash Flow | ||||||
| Free Cash Flow | -7.63M | -5.69M | -2.05M | -1.24K | -2.41M | -2.19M |
| Operating Cash Flow | -7.56M | -5.61M | -1.97M | -1.22K | -2.28M | -1.84M |
| Investing Cash Flow | -765.75K | -781.08K | -86.91K | -34.00 | -149.45K | -1.08M |
| Financing Cash Flow | 11.69M | 11.02M | 1.86M | 732.00K | 1.21M | 1.55M |
Temas Resources Technical Analysis
Negative
0.12
Price Trends
0.10
Negative
0.10
Negative
0.14
Negative
Market Momentum
-0.01
Positive
27.70
Positive
8.33
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:TMAS, the sentiment is Negative. The current price of 0.12 is above the 20-day moving average (MA) of 0.08, above the 50-day MA of 0.10, and below the 200-day MA of 0.14, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 27.70 is Positive, 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:TMAS.
Temas Resources 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$3.12M | -50.00 | -3.39% | ― | ― | 63.33% | |
46 Neutral | C$6.28M | -1.59 | -45.90% | ― | ― | 11.83% | |
45 Neutral | C$6.50M | -0.45 | -92.91% | ― | ― | -73.89% | |
41 Neutral | C$3.06M | -33.33 | -5.54% | ― | ― | 40.00% |
* General Sector Average
TSE:TMAS
Temas Resources
0.06
-0.17
-73.33%
TSE:QMC
QMC Quantum Minerals
0.03
-0.08
-72.73%
TSE:VERT
Vertical Exploration Inc
0.02
-0.02
-50.00%
TSE:PRR
Prospect Ridge Resources Corp.
0.06
-0.03
-38.89%
Temas Resources Corporate Events
Business Operations and Strategy
Temas Resources Moves RCL Technology Toward Pilot Stage With SAGA Metals
Positive
Sep 29, 2026
Temas Resources has advanced its collaborative metallurgical program with SAGA Metals to Stage 2, moving its proprietary Regenerative Chloride Leach technology from initial validation toward a defined commercial flowsheet. The RCL process targets ...
Business Operations and StrategyShareholder Meetings
Temas Resources Wins Strong Shareholder Backing as It Accelerates RCL Technology Commercialization
Positive
Sep 28, 2026
Temas Resources shareholders overwhelmingly approved all resolutions at the August 27, 2026 annual general and special meeting, confirming a five-member board, electing all director nominees and appointing DeVisser Gray LLP as auditor. The strong ...
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.