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Forte Minerals Corp., a mining exploration company, engages in the acquisition, exploration, and development of copper and gold projects in Peru. It explores for gold, copper, and molybdenum deposits. The company was formerly known as Forte Copper Corp. and changed its name to Forte Minerals Corp. in April 2021. Forte Minerals Corp. was incorporated in 2011 and is headquartered in Vancouver, Canada.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Forte Minerals Corp is a Canadian-listed mineral exploration company that appears focused on early-stage precious and base metals projects. Its long-term growth may be driven by successful drilling results, rising commodity prices and the ability to secure project financing or strategic partnerships, which could support upside for investors seeking early-stage metal exposure.
Key investment risks include limited public information and operating history, geological uncertainty inherent to exploration, the need for continual financing, low trading liquidity and sensitivity to commodity prices and permitting or regulatory outcomes.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Income before tax | -1.64M | -1.15M | -1.39M | -0.51M | -0.85M |
| Net income | -1.64M | -1.15M | -1.39M | -0.51M | -0.85M |
| Selling general administrative | 0.62M | 0.40M | 0.48M | 0.29M | 0.56M |
| Ebit | - | - | -1.41M | -0.52M | -0.88M |
| Operating income | -1.51M | -1.17M | -1.41M | -0.52M | -0.88M |
| Interest expense | - | - | - | 0.00M | 0.00M |
| Interest income | 0.02M | 0.02M | 0.03M | 0.00M | 0.00M |
| Net interest income | 0.02M | 0.02M | 0.03M | 0.00M | 0.00M |
| Total revenue | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Total operating expenses | 1.51M | 1.17M | 1.41M | 0.52M | 0.88M |
| Total other income expense net | -0.15M | 0.00M | -0.00M | 0.00M | 0.03M |
| Net income from continuing ops | -1.64M | -1.15M | -1.39M | -0.51M | -0.85M |
| Net income applicable to common shares | - | - | - | -0.51M | -0.85M |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Total assets | 2.83M | 1.21M | 2.48M | 1.40M | 1.87M |
| Total liab | 0.17M | 0.05M | 0.06M | 0.19M | 0.15M |
| Total stockholder equity | 2.66M | 1.16M | 2.41M | 1.21M | 1.73M |
| Deferred long term liab | - | - | - | 0.17M | - |
| Other current liab | - | - | - | 0.05M | - |
| Common stock | - | - | - | 4.24M | 4.24M |
| Capital stock | 9.38M | 6.52M | 6.61M | 4.24M | 4.24M |
| Retained earnings | -7.24M | -5.72M | -4.72M | -3.33M | -2.82M |
| Other assets | - | - | - | 0.30M | 0.12M |
| Cash | 1.12M | 0.15M | 1.35M | 0.14M | 0.78M |
| Total current liabilities | 0.17M | 0.05M | 0.06M | 0.19M | 0.15M |
| Short long term debt | - | - | - | 0.02M | 0.02M |
| Other stockholder equity | - | - | - | 0.30M | 0.31M |
| Property plant equipment | - | - | - | 0.95M | 0.95M |
| Total current assets | 1.19M | 0.27M | 1.53M | 0.15M | 0.81M |
| Net tangible assets | - | - | - | 1.21M | 1.73M |
| Net receivables | 0.02M | 0.01M | 0.01M | 0.01M | 0.02M |
| Accounts payable | - | - | - | 0.12M | 0.13M |
| Non current assets total | 1.64M | 0.95M | 0.95M | 1.25M | 1.07M |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Investments | -0.04M | 0.00M | - | -0.00M | -0.22M |
| Change to liabilities | - | - | - | -0.02M | 0.09M |
| Total cashflows from investing activities | - | - | - | - | -0.22M |
| Net borrowings | 0.00M | 0.03M | -0.02M | 0.00M | - |
| Total cash from financing activities | 2.08M | 0.03M | 2.56M | -0.11M | 1.28M |
| Change to operating activities | - | - | - | 0.00M | -0.00M |
| Net income | -1.64M | -1.15M | -1.39M | -0.51M | -0.85M |
| Change in cash | 0.97M | -1.19M | 1.20M | -0.63M | 0.58M |
| Begin period cash flow | 0.15M | 1.35M | 0.14M | 0.78M | 0.20M |
| End period cash flow | 1.12M | 0.15M | 1.35M | 0.14M | 0.78M |
| Total cash from operating activities | -1.07M | -1.21M | -1.37M | -0.52M | -0.46M |
| Issuance of capital stock | 1.79M | 0.00M | 2.88M | 2.88M | 1.35M |
| Change to account receivables | -0.01M | -0.00M | 0.00M | 0.02M | -0.02M |
| Other cashflows from financing activities | - | - | - | -0.11M | -0.08M |
| Change to netincome | - | - | - | -0.00M | 0.32M |
| Capital expenditures | 0.04M | 0.00M | 0.00M | 0.00M | 0.00M |
| Change in working capital | 0.19M | -0.07M | -0.08M | -0.00M | 0.07M |
| Stock based compensation | 0.23M | 0.00M | 0.11M | 0.03M | 0.32M |
| Other non cash items | 0.02M | 0.01M | -0.02M | -0.00M | -0.00M |
| Free cash flow | -1.11M | -1.21M | -1.37M | -0.52M | -0.46M |
Sector: Basic Materials Industry: Other Precious Metals & Mining
|
Stock Name
|
Change
(CAD) |
Price
(CAD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|
| CUAU Forte Minerals Corp |
-0.03 2.50% |
1.17 | - | - | - | 9.36 | -3.03 |
| EMPS EMP Metals Corp. |
-0.01 4.69% |
0.30 | - | - | - | 2.02 | -16.96 |
| ESAU ESGold Corp. |
- -% |
0.46 | - | - | - | 2.91 | -1.06 |
| PAU Provenance Gold Corp |
0.01 4.00% |
0.13 | - | - | - | 4.79 | -9.69 |
| AUCU Inflection Resources Ltd |
- -% |
0.14 | - | - | - | 2.20 | -12.92 |
Forte Minerals Corp., a mining exploration company, engages in the acquisition, exploration, and development of copper and gold projects in Peru. It explores for gold, copper, and molybdenum deposits. The company was formerly known as Forte Copper Corp. and changed its name to Forte Minerals Corp. in April 2021. Forte Minerals Corp. was incorporated in 2011 and is headquartered in Vancouver, Canada.
| Name | Title | Year Born |
|---|---|---|
| Mr. Patrick Elliott M.B.A., M.Sc. | President, CEO & Director | NA |
| Ms. Jasmine W. C. Lau B.Com., C.A., CPA | Chief Financial Officer | NA |
| Ms. Anna Dalaire | VP of Corporate Development & Corporate Secretary | 1978 |
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