Charger Metals NL (CHR) AI Stock Analysis

• Market Cap: AU$13.94M
• Dividend Yield: N/A
• Average Volume (3M): 188.94K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.02
• Revenue Growth: N/A
• EPS Growth: 20.70%
• Country: AU
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): >-0.01
• Shares Outstanding: 116,130,380
• 10 Day Avg. Volume: 431,312
• 30 Day Avg. Volume: 188,940
• PEG Ratio: 0.07
• Price to Book (P/B): 0.36
• Price to Sales (P/S): 23.99
• P/FCF Ratio: -1.36
• 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: 52 Neutral
• Price Target: AU$0.12 ▲(51.25% Upside)

The score is held back primarily by weak financial performance—ongoing losses and continued cash burn—despite a relatively low-debt balance sheet. Technicals are a meaningful positive (price above key moving averages with positive MACD), but valuation is constrained by negative earnings (negative P/E) and no stated dividend yield.

Positive Factors

Low leverage / balance sheet strength

Very low debt provides durable financial flexibility for an explorer reliant on episodic capital raises. Low leverage reduces refinancing and interest risk, preserving the company's ability to fund drilling, studies or pursue farm-outs without immediate debt pressure, improving survival odds.

Sizeable equity and asset base

A meaningful equity and asset base offers runway and strategic optionality for a junior explorer: it can underwrite near-term programs, support technical studies, and act as currency in JV or farm-out negotiations, reducing immediate dependence on dilutive capital raises.

Exposure to battery/critical minerals tailwinds

Operating in lithium and nickel positions the company within secular demand growth from EVs and energy storage. Structural commodity demand increases long-term project optionality, partner interest and potential premium for discoveries, benefiting explorers over multi-year development cycles.

Negative Factors

Persistent losses and negative profitability

Consistent net losses erode equity and constrain reinvestment capacity. For a junior explorer this increases reliance on external capital, elevates dilution risk, and weakens the balance between spending on value-creating exploration and preserving shareholder value over the medium term.

Weak cash generation & negative FCF

Material negative operating and free cash flow indicate the business consumes cash to sustain operations and exploration. This structural cash burn necessitates recurring fundraising or asset sales, which can delay project timelines and increase execution and dilution risk for shareholders.

Very small, nascent revenue base

Revenue emergence from a tiny base leaves commercial viability unproven. With operating expenses still outstripping income, scalability is uncertain and long-term value depends on successful resource definition, project advancement or monetisation via JV/farm-out rather than recurring cash generation.

Charger Metals NL Business Overview & Revenue Model

Company Description

Charger Metals NL engages in the exploration for battery metals. The company explores for nickel, copper, cobalt, lithium, gold, and platinum group elements. Its project portfolio includes a 70% interest in the Coates project and the Lake Johnston project in the western Australia; and the Bynoe lithium and gold project in the northern Territory. The company was incorporated in 2020 and is based in Subiaco, Australia.

How the Company Makes Money

Charger Metals NL generates revenue through the exploration and development of mineral properties, primarily focused on nickel, copper, and PGEs. The company's primary revenue streams include the sale of extracted minerals to industrial partners and the potential for joint ventures or partnerships with larger mining companies. Additionally, Charger Metals may engage in licensing or royalty agreements, where they earn income by allowing other companies to develop and extract resources from their properties. Revenue generation is highly dependent on successful exploration results, mineral market prices, and the company's ability to effectively manage operational costs and project timelines.

Charger Metals NL Financial Statement Overview

Summary

Charger Metals NL faces significant financial challenges with no revenue generation and ongoing losses. The balance sheet shows a solid equity base with minimal leverage, providing some financial stability. However, the negative cash flow and dependence on external financing highlight liquidity concerns. The company needs to address its revenue generation and operational efficiency to improve its financial outlook.

Income Statement

Charger Metals NL has consistently reported zero revenue, indicating no sales activity. The company has significant negative net income, EBIT, and EBITDA, highlighting operational inefficiencies and a lack of profitability. The gross profit is negative, suggesting that the company's core operations are not covering costs, which is a major concern for future profitability.

Balance Sheet

The company maintains a strong equity position with minimal debt, as evidenced by a low debt-to-equity ratio. However, the return on equity is negative due to ongoing net losses, raising concerns about the company's ability to create value for shareholders. The equity ratio is robust, indicating financial stability, but the lack of revenue generation remains a key risk.

Cash Flow

Charger Metals NL is experiencing negative free cash flow, exacerbated by significant capital expenditures. The operating cash flow is also negative, reflecting challenges in sustaining operations. The reliance on financing activities to support cash flow needs indicates potential liquidity risks if external funding becomes constrained.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	176.06K	176.06K	0.00	0.00	0.00	0.00
Gross Profit	176.06K	176.06K	-84.50K	-21.00K	-1.95K	0.00
EBITDA	118.08K	118.08K	-2.29M	-1.56M	-1.72M	-379.86K
Net Income	-2.25M	-2.25M	-2.38M	-1.58M	-1.72M	-379.86K
Balance Sheet
Total Assets	12.20M	12.20M	13.74M	12.04M	7.66M	515.82K
Cash, Cash Equivalents and Short-Term Investments	2.68M	2.68M	3.30M	4.26M	3.47M	79.99K
Total Debt	47.43K	47.43K	89.40K	0.00	0.00	0.00
Total Liabilities	444.55K	444.55K	484.54K	799.18K	255.67K	438.72K
Stockholders Equity	11.75M	11.75M	13.26M	11.24M	7.40M	77.10K
Cash Flow
Free Cash Flow	-2.64M	-3.12M	-7.23M	-4.38M	-2.32M	-238.08K
Operating Cash Flow	-927.44K	-927.44K	-1.25M	-1.19M	-1.01M	-170.06K
Investing Cash Flow	-325.03K	-325.03K	-3.37M	-3.19M	-1.31M	-68.02K
Financing Cash Flow	626.78K	626.78K	3.66M	5.17M	5.71M	318.07K

Charger Metals NL Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.08
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:CHR, the sentiment is Positive. The current price of 0.08 is below the 20-day moving average (MA) of 0.11, below the 50-day MA of 0.09, and above the 200-day MA of 0.06, indicating a bullish trend. The MACD of 0.01 indicates Negative momentum. The RSI at 60.50 is Neutral, neither overbought nor oversold. The STOCH value of 24.07 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:CHR.

Charger Metals NL 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%
CHR	52 Neutral	AU$13.94M	-6.40	-18.01%	―	―	20.70%
VAR	46 Neutral	AU$9.98M	-7.33	-9.11%	―	―	6.25%
AYT	46 Neutral	AU$7.92M	―	-50.07%	―	―	-733.33%
IMI	44 Neutral	AU$5.23M	-0.27	-157.99%	―	―	57.55%
MQR	43 Neutral	AU$7.36M	-0.57	-72.76%	―	―	-1.73%
EV1	42 Neutral	AU$6.99M	-1.13	-74.67%	―	―	71.25%

Charger Metals NL Corporate Events

Charger Metals Director Adjusts Indirect Holdings Through Partly Paid Share Conversion

Charger Metals NL has disclosed a change in director Tim Armstrong’s indirect holdings in the company’s partly paid shares and options, as required under ASX listing rules. The transaction involved paying a $0.02 call on existing CHRCA partly paid shares, resulting in the transition of 2,000,000 CHRCA partly paid shares to CHRCB partly paid shares held via Anglesea Holdings Pty Ltd, and the forfeiture of 50,000 unpaid CHRCA shares, while his unlisted options position via KFA Consortium Pty Ltd remains unchanged; the notice signals an internal reclassification and consolidation of the director’s equity position rather than a new on‑market acquisition or disposal.

The most recent analyst rating on (AU:CHR) stock is a Hold with a A$0.13 price target. To see the full list of analyst forecasts on Charger Metals NL stock, see the AU:CHR Stock Forecast page.

Charger Metals Boosts Cash Position Through Partly Paid Share Conversions

Charger Metals NL has secured approximately $833,041 in additional funding following a 97.5% uptake of a $0.02 call on its CHRCA partly paid shares, which have now largely transitioned into CHRCB partly paid shares paid to $0.04 and unpaid $0.08. A small remainder of CHRCA partly paid shares that remain unpaid will be forfeited, auctioned and managed under the company’s constitution, while existing CHRCB holders retain the option to convert their holdings into fully paid ordinary shares, potentially providing a further $3.36 million in capital and enhancing the company’s financial flexibility for future activities.

The most recent analyst rating on (AU:CHR) stock is a Hold with a A$0.13 price target. To see the full list of analyst forecasts on Charger Metals NL stock, see the AU:CHR Stock Forecast page.

Charger Metals Boosts Cash Position Through Partly Paid Share Conversions

Charger Metals NL has reported a successful uptake of a capital call on its partly paid CHRCA shares, with 40,570,551 shares transitioning to the CHRCB class following payment of a $0.02 call, raising approximately $811,411 before costs at a 95% participation rate. A remaining 2,138,209 CHRCA partly paid shares have been delisted, with holders still able to pay the outstanding call until 14 January 2026 before unpaid shares are forfeited and sold at public auction, while 750,000 CHRCB shares have had the unpaid $0.08 converted to fully paid status, adding $60,000 in cash and leaving scope for a further $3.36 million in potential funding if all CHRCB holders fully pay their balances, strengthening the company’s funding flexibility and capital structure.

The most recent analyst rating on (AU:CHR) stock is a Hold with a A$0.12 price target. To see the full list of analyst forecasts on Charger Metals NL stock, see the AU:CHR Stock Forecast page.

Charger Metals Director Restructures Partly Paid Share Holdings

Charger Metals NL has disclosed a change in Director Adrian Griffin’s interests in the company’s partly paid shares, following the payment of a $0.02 call on existing CHRCA partly paid shares that resulted in their transition to a new class of CHRCB partly paid shares. After this transaction, Griffin and his associated entities retain the same overall economic exposure to the company through a mix of fully paid ordinary shares, partly paid shares and performance rights, but with the partly paid holdings now reclassified as CHRCB, signalling an administrative capital-structure adjustment rather than a change in underlying ownership.

The most recent analyst rating on (AU:CHR) stock is a Hold with a A$0.08 price target. To see the full list of analyst forecasts on Charger Metals NL stock, see the AU:CHR Stock Forecast page.

Charger Metals Transitions Partly Paid Shares and Schedules Auction for Unpaid CHRCA Stock

Charger Metals NL has confirmed that 33,764,699 partly paid shares have transitioned from the CHRCA class to a new CHRCB class following payment of a $0.02 call per CHRCA share, delivering approximately $675,294 in additional cash to the company at a 79% uptake. The remaining 8,944,061 CHRCA partly paid shares, which are now de-listed, can still be paid up by shareholders until 14 January 2026, after which any unpaid shares will be forfeited, auctioned on 16 January 2026, and subsequently dealt with under the company’s constitution, affecting the final composition of the company’s capital base and potentially the liquidity of its partly paid securities.

Charger Metals Unveils High-Grade Xmas Gold Discovery at Lake Johnston

Charger Metals has reported a high-grade maiden gold discovery, named the Xmas Gold Discovery, on its 100%-owned Mt Gordon tenement within the Lake Johnston Lithium and Gold Project in Western Australia, highlighted by an intercept of 12 metres at 6.55 grams per tonne gold from 132 metres, including 4 metres at 16.9 grams per tonne. The discovery, located within a 1.8km by 1.7km soil anomaly containing five gravity and magnetic targets and little historical drilling, materially upgrades the gold prospectivity of the broader Mt Gordon area and adds a new growth front alongside Charger’s existing lithium resource ambitions at Lake Johnston, with further assay results pending from 1,980 metres of RC drilling and an expanded RC and diamond drill campaign scheduled to start in January 2026.

Charger Metals Lodges Mining Lease for Expanding Medcalf Lithium Project at Lake Johnston

Charger Metals has lodged a mining lease application (ML 63/691) over its 100%-owned Medcalf lithium deposit and the adjacent Medcalf West exploration target at the Lake Johnston Lithium and Gold Project in Western Australia, covering 3,644 hectares on Ngadju traditional lands. The lease area includes the maiden Medcalf Mineral Resource Estimate of 8.2 million tonnes at 1.0% Li2O and the conceptual Medcalf West exploration target, with both areas remaining open for expansion. Charger plans to begin a fully permitted diamond and reverse circulation drilling program in January 2026 to test extensions of the existing resource and the underexplored Medcalf West zone. Management highlights that Medcalf sits in the world’s largest spodumene province, within trucking distance of four spodumene concentrate plants and near the Port of Esperance, and notes the recent rebound in spodumene concentrate prices as supportive of potential development, underscoring the project’s potential to grow into a resource comparable with other major Yilgarn lithium deposits under feasibility and development.

Charger Metals Requests Trading Halt Ahead of Lake Johnston Exploration Update

Charger Metals NL has requested a trading halt on its securities on the ASX pending the release of exploration results from its Lake Johnston Project. The halt, granted under ASX Listing Rule 17.1, will remain in place until the company publishes the results or until trading resumes no later than the start of the session on 30 December 2025, signalling that the forthcoming exploration update may be material for investors and the company’s project pipeline.

Charger Metals Sets New ASX Code for Partly Paid Shares

Charger Metals NL has advised the market that its partly paid shares, which have been paid up to $0.04 with $0.08 unpaid, will now trade on the ASX under the new code CHRCB, replacing the existing CHRCA partly paid shares paid to $0.02 with $0.10 unpaid. The CHRCA partly paid shares will cease trading on 23 December 2025, and the company has reminded holders that the previously announced $0.02 per partly paid share call on CHRCA is due on 24 December 2025, a step that regularises this class of securities and clarifies the trading structure for shareholders.

Charger Metals NL Announces New Corporate Action on Partly Paid Shares

Charger Metals NL has announced a new corporate action involving its partly paid shares, which are currently paid to $0.02 with an unpaid balance of $0.10. The announcement details the call installment due date set for December 24, 2025, and specifies that the securities in question are non-liability, indicating a structured approach to managing shareholder obligations.

Charger Metals NL Announces Call on Partly Paid Shares to Fund Resource Development

Charger Metals NL has announced a call on its partly paid shares, seeking to raise up to $854,175. Shareholders must pay $0.02 per share by December 24, 2025, or risk forfeiture of their shares. The funds raised will support drilling, metallurgical work, and mining lease applications, indicating a strategic push in resource development. Directors have disclosed their intent to pay the call on part of their holdings, signaling confidence in the company’s future prospects.

Charger Metals Retains Full Ownership of Lake Johnston Project

Charger Metals NL announced the termination of its farm-in agreement with Rio Tinto Exploration Pty Limited, retaining full ownership of the Lake Johnston Lithium and Gold Project. This move allows Charger to maintain autonomy over its exploration activities, with plans to commence further drilling to expand its lithium resources. The company sees significant potential in the Medcalf and Medcalf West areas, aiming to grow its resource base to match other deposits in the Yilgarn region.

Charger Metals NL Initiates Trading Halt for Major Announcement

Charger Metals NL has requested a trading halt on its securities pending an important announcement regarding a project update and proposed capital raising. This move indicates potential strategic developments that could impact the company’s operations and market positioning, with implications for stakeholders as the company prepares to unveil significant updates.

Charger Metals NL Announces Change in Director’s Interest

Charger Metals NL announced a change in the director’s interest, specifically involving Bryan Dixon. The announcement detailed the acquisition of 3,250,000 Performance Rights and the lapse of 133,334 Performance Shares Tranche C. This change reflects strategic adjustments in the company’s securities, approved by shareholders at the recent Annual General Meeting, potentially impacting the company’s operational dynamics and shareholder value.

Charger Metals NL Issues Performance Rights for Employee Incentive

Charger Metals NL has announced the issuance of 3,250,000 performance rights as part of an employee incentive scheme. These securities are unquoted and not intended for trading on the ASX, indicating a strategic move to motivate and retain key personnel, potentially impacting the company’s operational efficiency and stakeholder interests.

Charger Metals NL Announces Cessation of Securities

Charger Metals NL announced the cessation of 583,337 performance rights due to unmet conditions, impacting the company’s issued capital. This development may influence the company’s financial structuring and stakeholder interests, as it reflects on the company’s ability to meet specific performance targets.

Charger Metals NL Announces Cessation of 2.5 Million Performance Rights

Charger Metals NL has announced the cessation of 2,500,000 performance rights, which were canceled by mutual agreement between the entity and the holder. This development may impact the company’s capital structure and could be indicative of strategic adjustments in its operations, potentially affecting stakeholders’ interests.

Charger Metals Faces First Strike on Remuneration Report at AGM

Charger Metals NL held its 2025 Annual General Meeting, where several resolutions were voted on by shareholders. Notably, the resolution to adopt the Remuneration Report received more than 25% of votes against it, marking a first strike under the Corporations Act. Other resolutions, including the re-election and election of directors and approval of performance rights, were carried, while the proposal for a 10% placement capacity was not approved. The outcomes of these resolutions could impact the company’s governance and strategic direction.

Charger Metals Completes Exploration Drill Program at Lake Johnston

Charger Metals NL has recently completed a lithium and gold exploration drill program at Lake Johnston, highlighting the company’s ongoing efforts to expand its resource base. The announcement underscores the company’s strategic focus on lithium and gold exploration, potentially enhancing its market position and offering promising prospects for stakeholders.

Charger Metals Commences Drilling at Lake Johnston Project

Charger Metals NL has initiated a 3,000-meter Reverse Circulation drilling program at the Lake Johnston Project, targeting lithium, gold, and niobium prospects at the Mt Gordon Prospect. The drilling, funded by Rio Tinto Exploration, focuses on a significant niobium anomaly identified through soil sampling and enhanced geophysical data processing. This initiative marks a strategic step in exploring potential dense intrusive bodies, such as carbonatites, which could enhance the company’s resource base and industry positioning.

Charger Metals Commences Drilling at Lake Johnston Project

Charger Metals NL has announced the commencement of a reverse circulation drilling program at its Lake Johnston Lithium and Gold Project, targeting five priority lithium and gold targets. This initiative is funded by Rio Tinto Exploration as part of a farm-in agreement. Additionally, Charger is initiating a separate drilling program at the Richard Gold Prospect, aiming to explore gold potential that has been underexplored since 2012. The presence of significant gold intercepts and anomalous gold zones suggests a promising opportunity for discovering a broader gold system, which could enhance the company’s positioning in the mining sector.

Charger Metals Advances Lake Johnston Lithium Project with New Resource Estimate

Charger Metals NL announced significant progress in its Lake Johnston Lithium and Gold Project, including a maiden inferred mineral resource estimate of 8.2 million tonnes at 1.0% Li2O for the Medcalf Lithium Deposit. The company has commenced a 3,000-meter reverse circulation drill program to test priority lithium and gold targets, with results expected in the coming weeks. The exploration is funded by Rio Tinto Exploration under a farm-in agreement, allowing them to earn a 51% interest by investing $10 million. This development underscores the potential for expanding near-surface resources and enhances Charger Metals’ positioning in the battery minerals sector.

Charger Metals NL Announces 2025 Annual General Meeting

Charger Metals NL has announced its 2025 Annual General Meeting, scheduled for November 27, 2025, in West Perth, Australia. Shareholders can access the Notice of Meeting and related documents online, with options for proxy voting available through the company’s website. This meeting is a key event for stakeholders to discuss the company’s progress and future strategies, reflecting its commitment to transparent governance and shareholder engagement.

Charger Metals NL Announces Upcoming Annual General Meeting

Charger Metals NL has announced its Annual General Meeting scheduled for November 27, 2025, in West Perth, WA. Shareholders are encouraged to participate in the meeting either in person or by proxy, with voting eligibility determined by registration status as of November 25, 2025. The company highlights the importance of shareholder votes and provides multiple methods for proxy voting, emphasizing the convenience of online and mobile options.

Charger Metals Begins Drilling at Lake Johnston Project

Charger Metals NL has commenced a reverse circulation drilling program at its Lake Johnston Lithium and Gold Project in Western Australia, targeting six priority lithium and gold targets. This initiative is part of a $1.1 million exploration program funded by Rio Tinto Exploration Pty Limited, aiming to explore previously untested lithium targets and potentially discover significant resources in the Yilgarn Craton region, benefiting Charger shareholders.