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XXIX Metal Corp. engages in the exploration, development, and production of mineral properties in Canada. The company explores for copper, nickel, gold, and silver deposits. It focuses on the Opemiska copper project, which consists of 416 claims covering an area of 21,499.44 hectares located in the Chapais-Chibougamau region of Québec; and the Thierry copper project, which consists of 27 mineral leases, 163 contiguous cell claims, and 16 boundary claims covering an area of 8,127 hectares located in Pickle Lake, central Ontario. The company was formerly known as QC Copper and Gold Inc. and changed its name to XXIX Metal Corp. in December 2024. XXIX Metal Corp. was incorporated in 2018 and is headquartered in Toronto, 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.
XXIX Metal Corp. is a mineral exploration company listed on the TSX Venture Exchange with limited public detail on its projects. Long-term growth may depend on successful exploration and resource definition, supportive metal prices, and securing permits and financing; investors may find leveraged exposure to exploration upside attractive but should monitor execution.
Key risks are exploration failure, the need for recurring financing and potential dilution, commodity price swings, regulatory and permitting obstacles, and low liquidity.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2025-10-31 | 2024-10-31 | 2023-10-31 | 2022-10-31 | 2021-10-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-10-31 | 2024-10-31 | 2023-10-31 | 2022-10-31 | 2021-10-31 |
| Income before tax | -15.73M | -4.86M | -7.32M | -3.91M | 0.45M |
| Net income | -15.73M | -4.86M | -7.32M | -3.91M | 0.48M |
| Selling general administrative | 1.99M | 1.59M | 0.94M | 2.02M | 1.23M |
| Gross profit | -0.04M | -0.01M | -0.01M | -0.02M | -0.01M |
| Reconciled depreciation | 0.04M | 0.01M | 0.01M | 0.02M | 0.01M |
| Operating income | -17.74M | -2.91M | -4.98M | -10.36M | -7.49M |
| Tax provision | - | - | - | 0.00M | -0.03M |
| Interest income | 0.13M | 0.23M | 0.30M | 0.15M | - |
| Net interest income | 0.13M | 0.23M | 0.30M | 0.15M | - |
| Total revenue | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Total operating expenses | 17.74M | 2.91M | 4.98M | 10.36M | 7.49M |
| Cost of revenue | 0.04M | 0.01M | 0.01M | 0.02M | 0.01M |
| Total other income expense net | 1.89M | -2.18M | -2.65M | 6.31M | 7.95M |
| Net income from continuing ops | -15.73M | -4.86M | -7.32M | -3.91M | 0.48M |
| Breakdown | 2025-10-31 | 2024-10-31 | 2023-10-31 | 2022-10-31 | 2021-10-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-10-31 | 2024-10-31 | 2023-10-31 | 2022-10-31 | 2021-10-31 |
| Total assets | 11.85M | 8.24M | 12.38M | 16.84M | 20.73M |
| Total liab | 5.10M | 0.50M | 0.26M | 0.32M | 3.56M |
| Total stockholder equity | 6.75M | 7.74M | 12.12M | 16.52M | 17.17M |
| Other current liab | 1.61M | - | - | - | 2.61M |
| Capital stock | 33.34M | 20.10M | 19.97M | 17.21M | 14.41M |
| Retained earnings | -31.26M | -15.53M | -10.67M | -3.35M | 0.55M |
| Cash | 6.41M | 4.06M | 5.77M | 8.86M | 17.51M |
| Total current liabilities | 5.10M | 0.50M | 0.26M | 0.32M | 3.56M |
| Total current assets | 9.68M | 8.10M | 12.35M | 16.80M | 17.83M |
| Long term investments | 1.91M | 0.00M | - | 0.00M | 2.84M |
| Short term investments | 1.19M | 2.26M | 4.44M | 6.54M | 0.00M |
| Net receivables | 1.57M | 1.49M | 1.87M | 1.24M | 0.20M |
| Accounts payable | 1.03M | 0.44M | 0.26M | 0.31M | 0.92M |
| Non current assets total | 2.17M | 0.14M | 0.03M | 0.04M | 2.90M |
| Breakdown | 2025-10-31 | 2024-10-31 | 2023-10-31 | 2022-10-31 | 2021-10-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-10-31 | 2024-10-31 | 2023-10-31 | 2022-10-31 | 2021-10-31 |
| Investments | - | 0.00M | -0.55M | 0.00M | - |
| Total cash from financing activities | 5.46M | 0.00M | 1.93M | 1.45M | 13.89M |
| Net income | -15.73M | -4.86M | -7.32M | -3.91M | 0.48M |
| Change in cash | 2.35M | -1.71M | -3.09M | -8.65M | 15.77M |
| Begin period cash flow | 4.06M | 5.77M | 8.86M | 17.51M | 1.74M |
| End period cash flow | 6.41M | 4.06M | 5.77M | 8.86M | 17.51M |
| Total cash from operating activities | -3.47M | -1.57M | -4.42M | -10.07M | -5.87M |
| Issuance of capital stock | 5.44M | 0.00M | 1.61M | 0.00M | 11.97M |
| Depreciation | 0.04M | 0.01M | 0.01M | 0.02M | 0.01M |
| Change to account receivables | 0.02M | 0.38M | -0.63M | -1.04M | -0.11M |
| Capital expenditures | 0.17M | 0.12M | 0.00M | 0.00M | 0.05M |
| Change in working capital | 0.19M | 0.62M | -0.75M | -1.67M | 0.68M |
| Stock based compensation | 0.60M | 0.42M | 0.15M | 0.91M | 0.08M |
| Other non cash items | 13.07M | 0.06M | 0.85M | -1.73M | 0.24M |
| Free cash flow | -3.64M | -1.69M | -4.42M | -10.07M | -5.93M |
Sector: Basic Materials Industry: Copper
|
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) |
|---|---|---|---|---|---|---|---|
| XXIX XXIX Metal Corp. |
- -% |
0.14 | - | - | - | 9.17 | -0.42 |
| LA Los Andes Copper Limited |
0.33 2.83% |
11.99 | - | 400.00 | 18.00 | 4.28 | 649.58 |
| CUU Copper Fox Metals Inc. |
0.01 1.69% |
0.60 | - | - | - | 4.13 | -109.37 |
| HCH Hot Chili Ltd |
0.07 5.60% |
1.32 | - | - | 371.14 | 1.45 | -33.85 |
| ECU Element 29 Resources Inc |
-0.07 3.71% |
1.95 | - | - | - | 8.83 | -3.48 |
XXIX Metal Corp. engages in the exploration, development, and production of mineral properties in Canada. The company explores for copper, nickel, gold, and silver deposits. It focuses on the Opemiska copper project, which consists of 416 claims covering an area of 21,499.44 hectares located in the Chapais-Chibougamau region of Québec; and the Thierry copper project, which consists of 27 mineral leases, 163 contiguous cell claims, and 16 boundary claims covering an area of 8,127 hectares located in Pickle Lake, central Ontario. The company was formerly known as QC Copper and Gold Inc. and changed its name to XXIX Metal Corp. in December 2024. XXIX Metal Corp. was incorporated in 2018 and is headquartered in Toronto, Canada.
| Name | Title | Year Born |
|---|---|---|
| Mr. Joel Friedman C.A., CPA | Chief Financial Officer | NA |
| Mr. Guy Roger Le Bel M.Sc. MBA Ing. | Chief Executive Officer | 1958 |
| Mr. Denis McNichols P. Geo. | Vice President of Exploration | NA |
| Mr. Guy Roger Le Bel M.Sc. MBA Ing. | CEO & Director | 1958 |
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