Company Deep Dive
Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.
MERG.V
SELLREMOVEMetal Energy Corp. · Basic Materials · Canada · $32M · Avg Vol: $28K/d
Metal Energy is a microcap exploration company. We avoid pre-revenue explorers due to the lack of cash flows and high risk of capital destruction, despite our bullishness on nickel and copper.
COMPANY DESCRIPTION
Metal Energy Corp. is a Canadian nickel and battery metal exploration company focused on high-grade projects in stable jurisdictions, including the Thompson Nickel Belt in Manitoba. The company's competitive advantage is its focus on class-one nickel sulphide deposits, which are highly sought after for electric vehicle battery chemistry. Metal Energy operates as a targeted explorer, utilizing advanced geophysics and drilling to fast-track discoveries near existing infrastructure.
FINANCIAL SUMMARY
| Year | 2021 | 2022 | 2023 | 2024 | 2025 | CAGR |
|---|---|---|---|---|---|---|
| Revenue | — | 0 | 0 | 0 | 0 | — |
| EPS | — | -0.04 | -0.01 | -0.20 | -0.05 | — |
| Shares | — | 88M | 106M | 141M | 45M | -49.1% |
| Debt | — | 546,229 | 60,964 | 3M | 5M | 113.7% |
| Equity | — | 2M | 1M | -2M | 2M | 0.4% |
| Op CF | — | -3M | -1M | -1M | -645,569 | — |
| Inv CF | 128,475 | 0 | — | — | — | — |
| Fin CF | — | 18,840 | 411,563 | 698,310 | 7M | — |
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Basic Materials, ranked by industry match, size, and score similarity. Cross-listings of MERG.V are excluded.
| Ticker | Company | Mkt Cap | StockRank | Signal |
|---|---|---|---|---|
| MERG.V | Metal Energy Corp.(you) | $32M | 23 | SELL |
| STUD.V | Stallion Uranium Corp. | $35M | 20 | SELL |
| GRBM.CN | Green Bridge Metals Corporation | $33M | 26 | SELL |
| DAU.V | Desert Gold Ventures Inc. | $34M | 26 | SELL |
| TNR.V | TNR Gold Corp. | $38M | 21 | SELL |
| FOMO.CN | Formation Metals Inc | $25M | 21 | SELL |
| AVL.TO | Avalon Advanced Materials Inc. | $36M | 18 | STRONG SELL |
| JUGR.V | Juggernaut Exploration Ltd. | $30M | 16 | STRONG SELL |
| NMC.V | Nuvau Minerals Inc. | $45M | 25 | SELL |
| TK.V | Tinka Resources Limited | $51M | 23 | SELL |
Peer medians: ROE -12.3% · P/E 15.3x · Gross margin 0.0%