Trigg Mining Ltd. (AT4) AI Stock Analysis

• Market Cap: AU$235.85M
• Dividend Yield: N/A
• Average Volume (3M): 8.06M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.25
• Revenue Growth: N/A
• EPS Growth: -270.77%
• Country: US
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): -0.01
• Shares Outstanding: 1,274,861,800
• 10 Day Avg. Volume: 5,017,166
• 30 Day Avg. Volume: 8,061,217
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 53 Neutral
• Price Target: AU$0.19

The score is held down primarily by weak financial performance (large losses and ongoing cash burn despite a revenue rebound), partially offset by favorable technical momentum (price above key moving averages with positive MACD). Valuation remains challenging due to negative earnings and no dividend support.

Positive Factors

Low Financial Leverage

Near-zero debt gives the company structural financial flexibility, lowering bankruptcy risk and preserving optionality to pursue project development or partnerships. Over a 2–6 month horizon, low leverage supports capacity to absorb exploration costs and negotiate non-dilutive financing or JV terms.

Strategic SOP Focus

Concentrating on SOP targets a specialty fertiliser market with durable agricultural demand and higher unit values than standard potash. Structurally, success in defining and developing evaporite resources in WA could secure long-term offtake opportunities and justify project-level financing or strategic partnerships.

Operational Progress Signal

A material revenue rebound and a return to gross profit mark an important operational inflection, implying the business can generate positive unit economics at early scale. Over months, this milestone helps de-risk project economics, improving prospects for attracting development capital or offtake partners.

Negative Factors

Persistent Net Losses

Sustained large net losses erode equity and constrain the company's ability to self-fund development. Over 2–6 months this dynamic necessitates external capital raises, increasing dilution risk and possibly slowing project timelines if funding terms are unfavorable or market conditions shift.

Negative Cash Generation

Consistent negative operating and free cash flows indicate the business consumes capital rather than funds growth internally. Structurally this forces reliance on external financing or asset sales, creating execution risk for exploration and development milestones and making sustained progress contingent on funding availability.

Weak Margins and Scale Risk

Despite revenue gains, margins remain weak because fixed and development-related costs dominate a small sales base. Over months this indicates the company needs material scale or cost reductions to achieve sustainable profitability; failure to scale raises the risk that early gross profits won't translate to net profit.

Trigg Mining Ltd. Business Overview & Revenue Model

Company Description

American Tungsten and Antimony Ltd engages in the exploration, evaluation, and development of mineral resources in Australia. The company explores for antimony, tungsten, and gold. Its flagship project is the Antimony Canyon Project located in Utah, the United States. The company was formerly known as Trigg Minerals Limited and changed its name to American Tungsten and Antimony Ltd in December 2025. American Tungsten and Antimony Ltd was incorporated in 2014 and is based in Subiaco, Australia.

How the Company Makes Money

Trigg Mining Ltd. generates revenue primarily through the exploration, development, and eventual extraction and sale of sulphate of potash (SOP). As a mining company, its key revenue streams include selling the extracted minerals directly to agricultural businesses and fertilizer manufacturers, which use SOP as a critical input in their fertilizer products. The company may also engage in strategic partnerships and joint ventures to enhance its operational capabilities and expand its market reach. Additionally, Trigg Mining may secure funding through equity investments, grants, or government incentives aimed at promoting sustainable mining practices. These financial strategies help support the company's exploration and development activities until it reaches commercial production.

Trigg Mining Ltd. Financial Statement Overview

Summary

Income Statement

Balance Sheet

Cash Flow

Breakdown
Income Statement
Total Revenue
Gross Profit
EBITDA
Net Income
Balance Sheet
Total Assets
Cash, Cash Equivalents and Short-Term Investments
Total Debt
Total Liabilities
Stockholders Equity
Cash Flow
Free Cash Flow
Operating Cash Flow
Investing Cash Flow
Financing Cash Flow

Trigg Mining Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%

Trigg Mining Ltd. Corporate Events

American Tungsten & Antimony Advances Nasdaq Plans and Appoints New CFO

American Tungsten & Antimony Ltd has appointed Deutsche Bank as depositary for an American Depositary Receipt facility and is advancing the regulatory work required for a proposed Nasdaq listing, including a confidential Form 20-F submission to the U.S. Securities and Exchange Commission expected in March 2026 and a targeted admission in the second quarter of 2026. The ADR program, expected to open in late February, is designed to enable U.S. investors to trade the company’s securities initially over the counter and later on Nasdaq, broadening access to the world’s largest equity capital market at a time of heightened U.S. interest in critical minerals; in parallel, the company has strengthened its leadership team by appointing experienced mining finance executive Graeme Morissey as chief financial officer to support its expansion and dual-listing strategy.

The most recent analyst rating on (AU:AT4) stock is a Hold with a A$0.16 price target. To see the full list of analyst forecasts on Trigg Mining Ltd. stock, see the AU:AT4 Stock Forecast page.

American Tungsten & Antimony Tightens Disclosure as Antimony Canyon Drilling Hits Wide Stibnite Zones

American Tungsten & Antimony Ltd has issued an amended drilling update for its Antimony Canyon Project, clarifying and expanding disclosure on visual mineralisation in line with ASX guidance. The first three HQ diamond drill holes on its 100%-owned Patented Claims have all intersected substantial zones of stibnite mineralisation, including a 19-metre massive to semi-massive stibnite zone within a broader 42-metre alteration zone in Hole 1 and 63 metres of intense mineralisation in Hole 2 before drilling was halted due to bogged rods, with plans to redrill to test deeper antimony targets. Logging from the ongoing third hole suggests the program is approaching a major feeder structure, with stronger alteration and sulphide zones observed to the east, and assays from Hole 1 are expected around the end of January 2026, potentially providing critical confirmation of the visual results for investors and shaping the company’s next phase of drilling across more than 20 historical workings on its claims.

The most recent analyst rating on (AU:AT4) stock is a Hold with a A$0.16 price target. To see the full list of analyst forecasts on Trigg Mining Ltd. stock, see the AU:AT4 Stock Forecast page.