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Vital Metals Ltd
(Sydney:VML)
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Rating:41Neutral
Price Target:
AU$0.09
▼(-14.00% Downside)
Action:Reiterated
Date:09/29/26
The score is driven primarily by weak financial performance: revenue volatility including a drop to zero, persistent operating losses, and ongoing cash burn. Technicals add further pressure with the stock trading below key moving averages and negative MACD. Valuation does not provide support because the company is loss-making (negative P/E) and no dividend yield is available.
Positive Factors
Rare-earths market positioning
VML is positioned in the rare-earths value chain, with products linked to high-performance magnets and technology and electrification applications. This gives the company exposure to strategically important materials markets and provides a durable thematic basis for project development if production is achieved.
Negative Factors
Revenue collapse
The collapse from modest revenue to zero indicates that VML has not demonstrated a stable commercial revenue base. Without recurring sales, project economics remain difficult to validate and the company is more exposed to delays in achieving or maintaining commercial-scale production.
Read all positive and negative factors
Positive Factors
Negative Factors
Rare-earths market positioning
VML is positioned in the rare-earths value chain, with products linked to high-performance magnets and technology and electrification applications. This gives the company exposure to strategically important materials markets and provides a durable thematic basis for project development if production is achieved.
Read all positive factors
Vital Metals Ltd (VML) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$22.06M
Dividend YieldN/A
Average Volume (3M)72.68K
Price to Earnings (P/E)―
Beta (1Y)0.11
Revenue Growth-100.00%
EPS Growth-164.77%
CountryAU
Employees13
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)N/A
Shares Outstanding247,879,650
10 Day Avg. Volume93,318
30 Day Avg. Volume72,676
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.39
Price to Sales (P/S)0.00
P/FCF Ratio-4.35
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)N/A
Revenue Forecast (FY)N/A
Vital Metals Ltd Business Overview & Revenue Model
Company Description
Vital Metals Limited is dedicated to the exploration and development of rare earth element deposits, conducting operations across Burkina Faso, Tanzania, Germany, and Canada. The company holds complete ownership of the Nechalacho Rare Earths Proje...
How the Company Makes Money
VML makes money primarily by producing and selling rare earth products derived from its mining and processing operations. Its core revenue stream (when operating at commercial scale) is sales revenue from rare earth concentrates or separated rare ...
Vital Metals Ltd Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
22
Negative
| Breakdown | TTM | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 9.07K | 0.00 | 854.55K | 2.65M | 0.00 | 0.00 |
| Gross Profit | -527.16K | -496.11K | -943.84K | 823.43K | -1.67M | -759.99K |
| EBITDA | -2.37M | -2.88M | -2.38M | -3.38M | -5.24M | -3.97M |
| Net Income | -3.57M | -16.63M | -3.31M | 2.32M | -51.68M | -4.77M |
Balance Sheet | ||||||
| Total Assets | 69.07M | 51.58M | 59.40M | 60.52M | 62.83M | 69.02M |
| Cash, Cash Equivalents and Short-Term Investments | 10.56M | 3.76M | 328.69K | 3.53M | 3.62M | 5.16M |
| Total Debt | 1.98M | 939.86K | 1.78M | 829.87K | 7.04M | 967.55K |
| Total Liabilities | 4.59M | 3.31M | 3.48M | 2.44M | 10.48M | 8.35M |
| Stockholders Equity | 64.48M | 48.27M | 55.92M | 58.08M | 52.36M | 60.66M |
Cash Flow | ||||||
| Free Cash Flow | -2.05M | -4.34M | -1.15M | -4.46M | -49.79M | -29.77M |
| Operating Cash Flow | -2.05M | -2.82M | -1.15M | -573.28K | -6.96M | -4.75M |
| Investing Cash Flow | -1.48M | -5.65M | -2.08M | -4.05M | -42.82M | -26.12M |
| Financing Cash Flow | 13.12M | 11.90M | 835.93K | 4.82M | 48.25M | 1.08M |
Vital Metals Ltd Technical Analysis
Negative
0.10
Price Trends
0.10
Negative
0.11
Negative
0.14
Negative
Market Momentum
>-0.01
Positive
40.53
Neutral
38.89
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:VML, the sentiment is Negative. The current price of 0.1 is above the 20-day moving average (MA) of 0.09, above the 50-day MA of 0.10, and below the 200-day MA of 0.14, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 40.53 is Neutral, neither overbought nor oversold. The STOCH value of 38.89 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:VML.
Vital Metals Ltd Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
49 Neutral | AU$48.37M | -24.40 | -5.53% | ― | ― | 97.78% | |
48 Neutral | AU$25.69M | -4.78 | -19.95% | ― | ― | -2.96% | |
42 Neutral | AU$13.38M | -2.89 | -51.58% | ― | ― | -9.30% | |
41 Neutral | AU$22.06M | -1.32 | -29.51% | ― | -100.00% | -164.77% | |
40 Underperform | AU$17.66M | -2.12 | -26.48% | ― | ― | 79.00% |
* Basic Materials Sector Average
AU:VML
Vital Metals Ltd
0.09
-0.12
-57.62%
AU:VR8
Vanadium Resources Ltd.
0.06
0.02
52.50%
AU:REE
RareX Limited
0.01
-0.01
-56.00%
AU:GRE
Greentech Metals Ltd.
0.05
-0.01
-20.34%
AU:AR3
Australian Rare Earths Limited
0.10
>-0.01
-4.76%
AU:AXL
Axel REE Ltd.
0.07
>-0.01
-6.41%
Vital Metals Ltd Corporate Events
Vital Metals Sets Date and Director Nomination Deadline for 2026 AGM
Sep 28, 2026
Vital Metals has scheduled its 2026 Annual General Meeting for 30 November 2026, with detailed meeting materials to be released to shareholders in October and made available via the ASX announcements platform and the company’s website. The c...
Vital Metals lodges late final director interest notice, calls delay isolated
Sep 28, 2026
Vital Metals has lodged a final Director’s Interest Notice for former director Andrew Nesbitt, confirming he ceased to be a director on 18 September 2026 and that he holds no relevant securities as a registered holder. The company said the n...
Vital Metals Files Updated Corporate Governance Statement with ASX
Sep 27, 2026
Vital Metals Limited has lodged its updated corporate governance statement for the financial year ended 30 June 2026, confirming that the document is available on its website and has been approved by the board. The filing, submitted alongside the ...
Vital Metals refreshes board and confirms 2026 corporate framework
Sep 27, 2026
Vital Metals Limited has released its annual report for the year ended 30 June 2026, outlining updated corporate information including its board, company secretary, and key service providers. The company’s securities remain listed on the Aus...
Vital Metals Announces Immediate Resignation of Non-Executive Director
Sep 18, 2026
Vital Metals Limited has announced a change in its board, with Non-Executive Director Andrew Nesbitt resigning from his position effective immediately. The board expressed its appreciation for Nesbitt’s contribution, signalling a routine gov...
Vital Metals Performance Rights Lapse Simplifies Capital Structure
Aug 27, 2026
Vital Metals Limited has notified the market that 924,000 VMLAN performance rights have lapsed, following the failure or incapacity to satisfy the conditions attached to these conditional rights. The cessation of these securities reduces the compa...
Vital Metals details equity holdings of departing director Lisa Riley
Aug 27, 2026
Vital Metals Limited has confirmed that director Lisa Riley ceased to be a director on 20 August 2026 and lodged a final notice of her interests with the ASX. At cessation, Riley held 1,200,000 unlisted options with an exercise price of $0.225 and...
Vital Metals extends Tardiff rare earth resource and advances Nechalacho development
Jul 30, 2026
Vital Metals reported its June 2026 quarter activities centered on the Nechalacho Rare Earths and Niobium Project, where recent diamond drilling at the Tardiff deposit confirmed grade continuity and extended rare earth and niobium mineralisation b...
Vital Metals Extends High-Grade Rare Earth Mineralisation at Nechalacho’s Tardiff Deposit
Jul 29, 2026
Vital Metals has reported assay results from its 2026 diamond drilling program at the Nechalacho Rare Earth Project’s Tardiff deposit, confirming high-grade rare earth and niobium mineralisation across both eastern and western zones. The cam...
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.