HAY
Fiscal year ends March Quarters are offset from the calendar — Q1 is Apr–Jun

Hayasa Metals Inc., formerly Fremont Gold Ltd., is an exploration-stage mining company focused on the acquisition and exploration of mineral properties in the Tethyan belt of Armenia. Incorporated in 2007, the company holds exploration licenses for the Vardenis copper-gold project in central Armenia and the Urasar mineral district in northern Armenia. The Urasar district contains the Black River, Chibukhlu, and Hanqakutak deposits, which were identified during Soviet-era exploration. Hayasa Metals has signed a strategic alliance term sheet with a major mining company and is pursuing additional project applications for nickel-antimony and copper-molybdenum prospects. The company targets epithermal gold and porphyry copper-molybdenum-gold deposits within the Tethyan Metallogenic Belt.

Summarised from the company's own disclosures, fiscal year ended Mar 2026

Industry Other Precious Metals & Mining Homepage hayasametals.com
Sector Basic Materials IR page hayasametals.com/investors
Tags
mineral exploration, copper, gold, molybdenum, nickel, antimony, exploration stage, tethyan belt, armenia, Vardenis, Urasar, Black River, Chibukhlu, Hanqakutak
Press page —

Metrics

Valuation  
Market cap C$ 5.446M
P/E —
P/BV —
P/S —
P/OCF —
P/FCF —
Dividend yield —
Turnover / mcap —
Returns  
ROE -128.7%
ROI -128.7%
ROIC -128.7%
Profit margin —
Growth  
Revenue growing —
Profits growing No
Revenue up 3y —
Revenue up 5y —
Quality  
Profitable No
Margin expanding —
Buying back stock —
Diluting (TTM) —
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News sentiment (TTM) 0
Quality score —
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Figure FY 2026 FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 FY 2020 FY 2019
Assets 2.524M 1.91M 968.49K 3.294M 2.684M 2.513M 3.912M 3.28M
Net profit -2.031M 1.23M 3.943M 988.528K 734.682K 3.605M 1.242M —

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Hayasa Metals Inc. (ticker HAY), listed in Canada.