Neometals Ltd (AU:NMT)
ASX:NMT
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Neometals Ltd
(Sydney:NMT)
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Rating:41Neutral
Price Target:
AU$0.03
▼(-51.67% Downside)
Action:Reiterated
Date:06/03/26
The score is primarily constrained by weak financial performance: no reported revenue, recurring large losses, ongoing negative free cash flow, and significant equity erosion that elevates funding risk. Technicals add further downside pressure as the stock trades below all key moving averages with bearish momentum signals. Valuation provides limited support because losses make P/E less informative and no dividend yield is available.
Positive Factors
Proprietary recycling technology
Owning proprietary recycling/process IP provides a durable competitive advantage: it enables licensing, royalties and technical services revenue without needing to operate large plants. If validated and adopted, the IP can generate recurring, asset-light income and protect margins long-term.
Negative Factors
No reported revenue
Absence of operating revenue indicates Neometals remains pre-commercial on core offerings; persistent net losses show the business is not yet self-sustaining. This makes future cashflows dependent on achieving commercial adoption and milestone payments from partners, which are timing-uncertain.
Read all positive and negative factors
Positive Factors
Negative Factors
Proprietary recycling technology
Owning proprietary recycling/process IP provides a durable competitive advantage: it enables licensing, royalties and technical services revenue without needing to operate large plants. If validated and adopted, the IP can generate recurring, asset-light income and protect margins long-term.
Read all positive factors
Neometals Ltd (NMT) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$26.25M
Dividend YieldN/A
Average Volume (3M)441.21K
Price to Earnings (P/E)―
Beta (1Y)2.37
Revenue GrowthN/A
EPS Growth71.99%
CountryAU
Employees6
SectorIndustrials
Sector Strength72
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.03
Shares Outstanding874,835,630
10 Day Avg. Volume401,358
30 Day Avg. Volume441,212
Financial Highlights & Ratios
PEG Ratio0.04
Price to Book (P/B)4.66
Price to Sales (P/S)0.00
P/FCF Ratio-6.74
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.05
Revenue Forecast (FY)AU$1.60M
Neometals Ltd Business Overview & Revenue Model
Company Description
Neometals Ltd explores for mineral projects in Australia. The company operates through three segments: Lithium, Titanium/Vanadium, and Other. Its projects include the Lithium-ion Battery Recycling project, which recovers cobalt and other materials...
How the Company Makes Money
Neometals makes money primarily through (1) technology commercialisation and (2) returns from project development/investments, with revenue timing dependent on successful demonstration, financing, construction, and operation by project partners.
...
Neometals Ltd Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
46
Neutral
Cash Flow
22
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -490.22K | -446.28K | -491.00K | -420.12K | -457.00K | -599.00K |
| EBITDA | -12.83M | -12.58M | -28.83M | -24.83M | -14.51M | 21.82M |
| Net Income | -20.08M | -31.02M | -69.11M | -34.80M | 4.36M | 16.34M |
Balance Sheet | ||||||
| Total Assets | 26.96M | 24.29M | 42.13M | 114.27M | 146.98M | 170.23M |
| Cash, Cash Equivalents and Short-Term Investments | 6.27M | 4.44M | 9.65M | 25.20M | 62.39M | 95.84M |
| Total Debt | 4.25M | 4.50M | 4.11M | 937.67K | 371.76K | 699.91K |
| Total Liabilities | 8.74M | 6.10M | 5.66M | 20.75M | 20.39M | 23.46M |
| Stockholders Equity | 18.80M | 18.64M | 36.48M | 93.52M | 126.60M | 146.77M |
Cash Flow | ||||||
| Free Cash Flow | -9.39M | -12.88M | -13.09M | -25.80M | -30.21M | -12.55M |
| Operating Cash Flow | -9.38M | -11.51M | -13.06M | -19.37M | -24.87M | -10.87M |
| Investing Cash Flow | 3.36M | -6.39M | -12.63M | -15.98M | -12.65M | 28.42M |
| Financing Cash Flow | 1.62M | 12.90M | 10.36M | -366.23K | 3.61M | -703.08K |
Neometals Ltd Technical Analysis
Negative
0.06
Price Trends
0.04
Negative
0.05
Negative
0.05
Negative
Market Momentum
>-0.01
Positive
34.49
Neutral
14.29
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:NMT, the sentiment is Negative. The current price of 0.06 is above the 20-day moving average (MA) of 0.03, above the 50-day MA of 0.04, and above the 200-day MA of 0.05, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 34.49 is Neutral, neither overbought nor oversold. The STOCH value of 14.29 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:NMT.
Neometals Ltd Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
47 Neutral | AU$18.58M | -31.76 | -7.13% | ― | -25.35% | 95.00% | |
46 Neutral | AU$16.21M | -6.35 | -10.22% | ― | ― | ― | |
45 Neutral | AU$39.06M | -1.08 | -28.53% | ― | ― | ― | |
43 Neutral | AU$42.00M | -11.70 | -0.02% | ― | ― | 13.53% | |
43 Neutral | AU$21.74M | -13.09 | -12.22% | ― | ― | -67.65% | |
41 Neutral | AU$26.25M | -1.15 | -107.26% | ― | ― | 71.99% |
* Industrials Sector Average
AU:NMT
Neometals Ltd
0.03
-0.06
-66.29%
AU:LIT
Lithium Australia NL
0.01
>-0.01
-16.67%
AU:LEL
Lithium Energy Ltd.
0.38
<0.01
1.35%
AU:PL9
Arizona Lithium Limited
0.01
0.00
0.00%
AU:LPM
Lithium Plus Minerals Ltd.
0.11
0.05
75.00%
AU:PL3
Patagonia Lithium Limited
0.11
0.06
133.33%
Neometals Ltd Corporate Events
Neometals Wins Strong Shareholder Backing for Capital Resolutions at EGM
May 29, 2026
Neometals Ltd has reported the results of its Extraordinary General Meeting held on 29 May 2026, confirming strong shareholder support for all four resolutions put to vote. Each resolution, covering the ratification and approval of share placement...
Neometals outlines strategic shift toward gold production
May 29, 2026
Neometals has released an extraordinary general meeting presentation outlining its transition toward becoming a gold producer. The materials emphasise that the company is reshaping its project portfolio and operational focus to align with gold pro...
Neometals Updates Reed’s Shareholdings as Performance Rights Expire
May 22, 2026
Neometals Ltd has disclosed changes to the holdings of managing director Christopher John Reed, detailing both direct and indirect interests in company securities. The notice shows that Reed and associated entities acquired additional fully paid o...
Neometals Trims Incentive Pool as 1.9m Performance Rights Lapse
May 22, 2026
Neometals Ltd has notified the market that 1,927,425 performance rights, quoted as NMTAA on the ASX, have lapsed after the conditions attached to these rights were not met or became incapable of being satisfied as of 21 May 2026. The cessation of ...
Neometals outlines cautious transition toward gold production
May 8, 2026
Neometals has released a TSN GEMS presentation outlining its strategic transition into a gold producer, framing the document as a high-level overview of its projects and activities as of May 2026. The company emphasises that the material is inform...
Neometals to Showcase Critical Metals Portfolio at ASX Gems Investor Conference
May 7, 2026
Neometals Ltd will showcase its critical metals strategy at The Stock Network’s ASX Gems Investor Conference: Critical Metals via a live-streamed presentation by Managing Director and CEO Chris Reed. The session will be available on The Stoc...
Neometals advances Barrambie gold, secures Utah brine stake and raises capital for growth
Apr 30, 2026
Neometals reported strong exploration progress at its Barrambie Gold Project, including high-grade assay results, an updated mineral resource estimate and a positive scoping study for open-pit production at the Ironclad deposit. It also agreed a f...
Neometals Opens A$5.1m Entitlement Offer Alongside A$7.9m Placement
Apr 29, 2026
Neometals Ltd has opened a 1-for-6 pro-rata, non-underwritten and non-renounceable entitlement offer of new shares priced at A$0.04, aiming to raise about A$5.1 million from eligible shareholders. The offer runs in parallel with a two-tranche plac...
Neometals launches first tranche of share placement alongside entitlement offer
Apr 29, 2026
Neometals Ltd has issued 71,875,000 new fully paid ordinary shares at A$0.04 each to sophisticated, professional and institutional investors as the first tranche of a previously announced placement. A second tranche remains subject to shareholder ...
Neometals Calls May 2026 EGM to Approve Major Share Placements
Apr 28, 2026
Neometals Ltd has called an Extraordinary General Meeting for 29 May 2026 in Perth to seek shareholder approvals related to a recent and proposed share placement. The company is asking investors to ratify the prior issue of 71,875,000 Tranche 1 Pl...
Neometals Seeks ASX Quotation for 71.9 Million New Shares
Apr 27, 2026
Neometals Ltd has applied to the Australian Securities Exchange for quotation of 71,875,000 new ordinary fully paid shares, with an issue date of 29 April 2026. The substantial addition to its quoted share capital signals a significant capital-rel...
Neometals Rejects Mandrake Claim Dispute at Utah Brine Project
Apr 27, 2026
Neometals has issued a clarification regarding its Utah Brine Project after Mandrake Resources alleged that lithium placer claims filed by Utah Brine Corporation, in which Neometals holds a 51% stake, overlap Mandrake’s existing claims and a...
Neometals Sets Large-Scale Potash and Lithium Target at Utah Brine Project
Apr 23, 2026
Neometals has announced a maiden Exploration Target for potash and lithium at its 51%-owned Utah Brine Project in the Paradox Basin, outlining a potential 94 to 325 million tonnes of muriate of potash and 1.9 to 6.5 million tonnes of lithium carbo...
Neometals Plans Major Equity Raise via Pro Rata Issue and Placement
Apr 19, 2026
Neometals Ltd has outlined plans for a significant capital raise via a non-renounceable pro rata issue of up to 128,415,257 ordinary fully paid shares to existing shareholders, alongside an additional placement of up to 71,875,000 shares. The new ...
Neometals launches equity raising to fund shift into gold production
Apr 19, 2026
Neometals Ltd has prepared an investor presentation dated 20 April 2026 to support a capital raising comprising a two-tranche placement of new shares to eligible institutional and sophisticated investors and a non-renounceable entitlement offer to...
Neometals Seeks Trading Halt Ahead of Equity Raising Announcement
Apr 15, 2026
Neometals Ltd has requested and been granted a trading halt in its shares on the ASX, effective from the open of trading on 16 April 2026, while it prepares a market announcement. The halt will remain in place until either the release of that anno...
Neometals Strikes Funded Joint Venture to Fast‑Track Ironclad Gold Development
Apr 12, 2026
Neometals, via subsidiary Avanti Exploration, has signed a binding definitive agreement with BML Ventures to develop the Ironclad gold deposit at its 100% owned Barrambie Gold Project in Western Australia. The structure keeps Avanti’s full o...
Neometals Issues 13 Million Unlisted Options in Capital Management Move
Mar 26, 2026
Neometals Ltd has notified the market of the issue of 13,000,000 unlisted options, with an issue date of 20 March 2026, under an Appendix 3G filing to the ASX. The unquoted options, which are not intended to be listed on the exchange, signal the c...
Neometals’ Silver Assays Bolster Copper-Silver Potential at Rinaldi Prospect
Mar 25, 2026
Neometals has reported new silver and gold assay results that materially strengthen earlier copper intersections at the historic Rinaldi Copper prospect, confirming a coherent primary hydrothermal copper-silver system. The assays show strong corre...
Neometals Plans Issue of 13 Million New Unlisted Options
Mar 20, 2026
Neometals Ltd has lodged an Appendix 3B with the ASX outlining a proposal to issue up to 13 million new unlisted options as part of a placement or other form of security issue. The options will constitute a new class of securities for the company,...
Neometals re-enters upstream lithium with Utah brine joint venture
Mar 20, 2026
Neometals has agreed to acquire a 51% stake in Utah Brine Corporation, a special purpose vehicle holding a large lithium and potash brine project in Utah’s Paradox Basin, by funding up to US$2 million in project costs over three years. The d...
Neometals Confirms Primary Copper Sulphides at Barrambie’s Rinaldi Prospect
Mar 19, 2026
Neometals has completed a first-pass reverse circulation drilling program at the historic Rinaldi copper prospect within its Barrambie Project, drilling five holes for 495 metres and receiving initial assays from 50 of 526 samples. The company has...
Neometals Posts Positive Scoping Study for Ironclad Gold at Barrambie
Mar 18, 2026
Neometals has completed a positive scoping study for the potential Phase 1 development of the Ironclad gold deposit at its Barrambie Gold Project in Western Australia. The study indicates a rapid pathway to producing 10,000 to 11,000 ounces of gol...
Neometals Advances Barrambie Gold JV and Scales Critical Materials Processing Portfolio
Mar 12, 2026
Neometals’ half-year report outlines progress across its Barrambie Gold Project, where infill and extensional drilling at the Ironclad deposit was completed in the December 2025 quarter, followed by assay results in early 2026 and an updated...
Neometals Extends Ironclad Gold Joint Venture Exclusivity with BML Ventures
Mar 11, 2026
Neometals has extended by 30 days the exclusivity period of its non-binding Letter of Intent with BML Ventures to develop the Ironclad Deposit at its wholly owned Barrambie Gold Project in Western Australia. The extension gives BML time to complet...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.