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Home CompaniesMidland Exploration Inc

Midland Exploration Inc

Basic Materials Other Industrial Metals & Mining
PortfolioPortfolio WatchlistWatchlist
Company price
0.34 CAD -0.01 ( 1.45%)
Last update at 2026-11-04T20:19:00Z
VOLUME
76500
Market Cap
49.14M

Momentum Score

…

Midland Exploration Inc., a mineral exploration company, engages in the acquisition, exploration, and evaluation of mineral properties in Canada. It explores for gold, copper, zinc, nickel, cobalt, PGE, silver, lithium, molybdenum, lead, and bismuth deposits. The company was incorporated in 1995 and is headquartered in Montreal, Canada.

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Day Price Range
0.34
Low
0.34
High
52 Week Price Range
0.30
Low
0.59
High

Momentum Score

…
Loading momentum score…

A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Midland Exploration Inc is a Canadian junior mineral exploration company focused on early-stage prospecting and target generation in Quebec and other Canadian jurisdictions, targeting precious and base metals. Long-term growth drivers include discovery success, option and joint-venture agreements that help de-risk projects, and exposure to commodity price cycles; investors may find leverage to new discoveries and a diverse property portfolio attractive.

Key risks are the high probability of unsuccessful exploration results, frequent need for external financing leading to dilution, sensitivity to volatile commodity prices, and potential permitting or regulatory delays.

Risk Score
High

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
0.34
Dividend Yield
-
Revenue TTM
0.37M
Revenue Per Share
0.00
Gross Profit TTM
0.37M
Debt / Equity
-
ROE
-4.52%
Net Debt
-
ROCE
-3.98%
Diluted EPS TTM
-0.02

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-09-30 2024-09-30 2023-09-30 2022-09-30 2021-09-30
Type yearly yearly yearly yearly yearly
Date 2025-09-30 2024-09-30 2023-09-30 2022-09-30 2021-09-30
Income before tax -2.55M -2.98M -2.25M -2.76M -1.63M
Net income -2.12M -1.95M -1.11M -1.90M -1.02M
Selling general administrative 1.27M 1.39M 1.32M 1.76M 1.70M
Gross profit 0.13M 0.17M 0.29M 0.18M 0.17M
Reconciled depreciation 0.03M 0.03M 0.03M 0.03M 0.03M
Ebit - - -0.60M -1.50M -1.33M
Ebitda - - -0.57M -1.47M -1.30M
Depreciation and amortization - - 0.03M 0.03M 0.03M
Operating income -1.78M -1.94M -0.60M -1.50M -1.33M
Other operating expenses - - 1.86M 1.79M 1.73M
Interest expense - - 0.00M 0.01M 0.01M
Tax provision -0.43M -1.03M -1.14M -0.86M -0.60M
Interest income 0.23M 0.31M 0.25M 0.08M 0.10M
Net interest income 0.22M 0.31M 0.25M 0.07M 0.09M
Income tax expense - - -1.14M -0.86M -0.60M
Total revenue 0.16M 0.19M 0.31M 0.21M 0.20M
Total operating expenses 1.95M 2.13M 1.83M 1.76M 1.70M
Cost of revenue 0.03M 0.03M 0.03M 0.03M 0.03M
Total other income expense net -0.99M -1.35M -0.95M -1.25M -0.19M
Net income from continuing ops -2.12M -1.95M -1.11M -1.90M -1.02M
Net income applicable to common shares - - - -1.90M -1.02M
Breakdown 2025-09-30 2024-09-30 2023-09-30 2022-09-30 2021-09-30
Type yearly yearly yearly yearly yearly
Date 2025-09-30 2024-09-30 2023-09-30 2022-09-30 2021-09-30
Total assets 46.79M 41.22M 41.66M 39.22M 39.92M
Total liab 2.26M 1.70M 1.88M 0.92M 1.57M
Total stockholder equity 44.53M 39.52M 39.78M 38.29M 38.34M
Other current liab 1.06M - - 0.55M 0.21M
Common stock - - - 52.97M 51.18M
Capital stock 64.50M 57.24M 55.57M 52.97M 51.18M
Retained earnings -26.98M -24.56M -22.42M -21.11M -19.07M
Other assets - - - 0.05M -
Cash 1.87M 1.59M 2.45M 1.90M 1.49M
Total current liabilities 2.02M 1.70M 1.87M 0.87M 1.49M
Property plant equipment - - - 32.32M 30.75M
Total current assets 9.19M 5.30M 5.68M 6.81M 9.00M
Long term investments 0.11M 0.71M 0.94M 0.04M 0.17M
Net tangible assets - - - 38.29M 38.34M
Short term investments 6.69M 3.19M 2.51M 4.52M 5.94M
Net receivables 0.15M 0.20M 0.22M 0.34M 1.51M
Accounts payable - - - 0.29M 1.25M
Non current assets total 37.59M 35.92M 35.98M 32.41M 30.92M
Capital lease obligations 0.26M 0.02M 0.05M 0.08M 0.11M
Breakdown 2025-09-30 2024-09-30 2023-09-30 2022-09-30 2021-09-30
Type yearly yearly yearly yearly yearly
Date 2025-09-30 2024-09-30 2023-09-30 2022-09-30 2021-09-30
Investments -2.82M -0.27M -2.37M 1.51M 3.88M
Change to liabilities - - - 0.08M -0.15M
Total cashflows from investing activities - - - -1.00M -0.83M
Net borrowings -0.03M -0.03M - -0.03M -0.03M
Total cash from financing activities 8.43M 2.48M 3.39M 2.59M 2.22M
Change to operating activities - - - 0.06M 0.04M
Net income -2.12M -1.95M -1.11M -1.90M -1.02M
Change in cash 0.28M -0.86M 0.56M 0.40M 0.18M
Begin period cash flow 1.59M 2.45M 1.90M 1.49M 1.31M
End period cash flow 1.87M 1.59M 2.45M 1.90M 1.49M
Total cash from operating activities -2.34M -1.60M -0.46M -1.19M -1.20M
Issuance of capital stock 8.76M 2.69M 3.63M 2.76M 2.38M
Depreciation 0.03M 0.03M 0.03M 0.03M 0.03M
Other cashflows from investing activities - - - 1.38M 0.81M
Change to inventory - - -0.62M 0.15M 0.02M
Change to account receivables 0.05M 0.03M -0.17M -0.01M 0.13M
Other cashflows from financing activities - - -0.21M -0.14M -0.13M
Change to netincome - - - -0.66M -0.44M
Capital expenditures 3.13M 2.92M 4.17M 4.12M 5.64M
Change in working capital -0.93M -0.15M 0.66M 0.12M 0.02M
Stock based compensation 0.12M 0.15M 0.14M 0.16M 0.17M
Other non cash items - - 0.95M 1.25M 0.19M
Free cash flow -5.47M -4.52M -4.64M -5.32M -6.84M

Peer Comparison*

Sector: Basic Materials Industry: Other Industrial 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 Revenue (x)
Enterprise Value
to EBITDA (x)
MD
Midland Exploration Inc		 -0.01
1.45%		 0.34 - - 132.45 1.07 106.57 -13.22
SGML
Sigma Lithium Resources Corp		 0.10
1.28%		 7.91 - 23.09 29.72 42.12 23.03 32.66
AFM
Alphamin Res		 0.03
2.00%		 1.27 8.44 9.43 2.78 3.33 2.13 3.85
SLI
Standard Lithium Ltd		 0.11
5.76%		 2.02 - - 79.52 2.40 83.96 5.29
FWZ
Fireweed Zinc Ltd		 0.03
1.25%		 2.43 - 1250.00 - 26.07 - -7.01

Profile*

Midland Exploration Inc

Midland Exploration Inc., a mineral exploration company, engages in the acquisition, exploration, and evaluation of mineral properties in Canada. It explores for gold, copper, zinc, nickel, cobalt, PGE, silver, lithium, molybdenum, lead, and bismuth deposits. The company was incorporated in 1995 and is headquartered in Montreal, Canada.

1, Place Ville Marie, Montreal, QC, Canada, H3B 4M4

450-420-5977

https://www.midlandexploration.com

Name Title Year Born
Mr. Aaron Scott Halfacre CFA(R) Pres, CEO & Director 1973
Mr. Raymond J. Pacini Exec. VP, CFO, Sec. & Treasurer 1956
Ms. Jennifer Barber Chief Operating Officer 1993
Mr. William R. Broms Chief Investment Officer 1980
Ms. Sandra G. Sciutto Sr. VP & Chief Accounting Officer 1960
Mr. John C. Raney Chief Legal Officer & Gen. Counsel 1982
Mr. Pierre Bradshaw Sr. VP of Marketing NA
Mr. Gino Roger ING, P.Eng. President, CEO & Director 1967
Ms. Ingrid Martin C.A., CPA, B.Comm., CPA, CA Chief Financial Officer 1966
Mr. Mario Masson P.Geo. Vice-President of Exploration NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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