Critical Resources Ltd (CRR) AI Stock Analysis

• Market Cap: AU$30.09M
• Dividend Yield: N/A
• Average Volume (3M): 4.48M
• Price to Earnings (P/E): ―
• Beta (1Y): 2.11
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: AU
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): 0.00
• Shares Outstanding: 3,008,585,400
• 10 Day Avg. Volume: 4,096,075
• 30 Day Avg. Volume: 4,483,068
• PEG Ratio: 0.09
• Price to Book (P/B): 0.39
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -5.34
• 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: 45 Neutral
• Price Target: AU$0.01 ▲(10.00% Upside)

The score is held down primarily by weak financial performance—minimal revenue, persistent losses, and ongoing cash burn—despite a low-debt balance sheet. Technical indicators are broadly neutral with a negative MACD, and valuation offers limited support due to the negative P/E and no dividend yield.

Positive Factors

Very low leverage

A very low debt burden preserves financial optionality for an exploration company: it reduces solvency risk and gives management flexibility to fund drilling, farm-outs or acquisitions without immediate pressure from creditors. This durable strength supports long-term project development choices.

Sizable equity base

A large equity base provides a cushion to absorb ongoing losses and supports the capacity to raise additional capital or execute non-dilutive transactions. For a project-stage miner, an equity cushion materially extends runway and underpins the ability to progress assets over multiple funding cycles.

Clear project-based revenue pathway

A defined minerals value chain creates multiple durable monetization routes: advancing to resource definition, farm-in/jv funding, development or asset sale/royalty. This structural business model gives management repeatable strategies to translate exploration success into long-term value creation.

Negative Factors

Effectively zero revenue

Lack of operating revenue over multiple years means the company cannot self-sustain operations or demonstrate commercial asset productivity. This structural revenue absence forces dependence on external funding, increases execution risk on projects, and limits margin recovery visibility.

Material cash burn

Sustained negative operating and free cash flow materially shortens runway for an explorer without revenue. Persistent cash burn necessitates repeated capital raises, dilutes shareholders, and can delay or curtail exploration and development programs, reducing long-term project optionality.

Persistent losses and negative returns

Ongoing net losses and negative ROE indicate the equity base is not generating value, undermining investor confidence. Over the medium term this pattern risks higher funding costs, governance scrutiny, and potential dilution, making it harder to finance the steps needed to prove and commercialize resources.

Critical Resources Ltd Business Overview & Revenue Model

Company Description

Critical Resources Limited engages in the exploration and development of mineral projects. The company explores for lithium, zinc, lead, copper, silver, and gold deposits. It holds interests in the Sohar Copper project, which covers an area of 1,006 square kilometers granted exploration licenses located in the Sultanate of Oman; and Halls Peak project covering an area of approximately 84 square kilometers located in the north-eastern NSW, Australia. The company also holds interests in the Graphic Lake Lithium project and Mavis Lake Lithium project located in Ontario, Canada. Critical Resources Limited was formerly known as Force Commodities Limited and changed its name to Critical Resources Limited in May 2021. The company was incorporated in 2010 and is based in Perth, Australia.

How the Company Makes Money

Critical Resources Ltd Financial Statement Overview

Summary

Financials remain high risk: revenue is effectively zero across 2021–2024 with recurring net losses, and cash flow deteriorated sharply in 2024 with materially negative operating/free cash flow. The main offset is very low leverage and a sizable equity base, but returns are still negative and the business continues to consume cash.

Income Statement

Operating performance remains weak: revenue is effectively zero in 2021–2024 (vs. 2020 revenue of 205,418), with recurring losses each year. Net loss improved in 2024 (-2,275,000) versus 2023 (-4,487,000), but profitability is still deeply negative and the lack of revenue limits visibility into sustainable margin recovery.

Balance Sheet

The balance sheet is a relative bright spot: leverage is very low in recent years (2024 debt to equity ~0.00; total debt 96,826 vs. equity 28,827,923), indicating limited balance-sheet stress today. However, returns remain negative (2024 return on equity about -7.9%), reflecting ongoing losses and suggesting the equity base is not currently generating value.

Cash Flow

Cash generation is pressured with consistently negative operating and free cash flow, and a sharp deterioration in 2024 (operating cash flow -2,113,562; free cash flow -2,113,560) compared with near-breakeven operating cash flow in 2022–2023. While free cash flow roughly tracked net loss in 2024 (about 1.0x), the business is still consuming cash rather than funding itself internally.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	205.42K
Gross Profit	-83.09K	-109.00K	-70.41K	-1.48K	-14.32K	205.42K
EBITDA	309.73K	-534.00K	-3.62M	-2.28M	-1.34M	-603.00K
Net Income	-1.24M	-2.27M	-4.49M	-2.25M	-1.66M	-807.00K
Balance Sheet
Total Assets	36.09M	37.58M	34.68M	30.14M	8.04M	3.32M
Cash, Cash Equivalents and Short-Term Investments	1.82M	2.80M	5.55M	8.58M	4.77M	1.85M
Total Debt	119.58K	96.83K	289.58K	146.59K	4.00M	301.56K
Total Liabilities	8.05M	9.86M	7.87M	5.60M	5.48M	1.28M
Stockholders Equity	29.11M	28.83M	27.70M	23.97M	2.00M	1.55M
Cash Flow
Free Cash Flow	-726.30K	-2.11M	-10.64K	-11.63K	-2.23M	-1.10M
Operating Cash Flow	-724.93K	-2.11M	-2.23K	-2.30K	-1.27M	-805.71K
Investing Cash Flow	-3.71M	-4.19M	-10.59M	-12.10K	-1.35M	-326.51K
Financing Cash Flow	4.91M	3.61M	9.76M	18.21K	5.55M	2.97M

Critical Resources 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%
CPN	51 Neutral	AU$31.81M	-5.91	-122.97%	―	―	24.25%
CRR	45 Neutral	AU$30.09M	-11.11	-7.30%	―	―	―
DM1	44 Neutral	AU$7.16M	-1.96	-21.73%	―	―	91.79%
SRN	37 Underperform	AU$8.05M	―	-26.26%	―	―	78.57%

Critical Resources Ltd Corporate Events

Critical Resources Confirms Lapse of 4.3 Million Employee Performance Rights

Critical Resources Limited has confirmed that 4.3 million performance rights previously granted to non-key management personnel under its Employee Incentive Performance Plan lapsed on 31 December 2025, after the conditions attached to those rights were not met or became incapable of being satisfied. The lapse of these performance rights effectively removes a portion of potential equity-based dilution associated with staff incentives, simplifying the company’s capital structure without directly impacting its ongoing operations or strategic focus on battery metals and related technologies.

The most recent analyst rating on (AU:CRR) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Critical Resources Ltd stock, see the AU:CRR Stock Forecast page.

Critical Resources Cuts 4.3 Million Performance Rights After Conditions Lapse

Critical Resources Ltd has notified the market that 4.3 million performance rights on issue under ASX code CRRAN have lapsed after their vesting conditions were not met or became incapable of being satisfied as at 31 December 2025. The lapse reduces the company’s pool of potential equity-based remuneration and dilutive securities, slightly tightening the issued capital structure and signaling that certain performance milestones tied to these rights were not achieved within the specified timeframe.

The most recent analyst rating on (AU:CRR) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Critical Resources Ltd stock, see the AU:CRR Stock Forecast page.

Critical Resources Taps SLR Consulting to Fast‑Track Permitting at Mavis Lake Lithium Project

Critical Resources has appointed global sustainability and environmental consultancy SLR Consulting to deliver a comprehensive regulatory roadmap and lead permitting for its Mavis Lake Lithium Project in Ontario. Working alongside Canadian government advisory firm Pathway Group, SLR will help coordinate technical, regulatory and government relations workstreams to de‑risk timelines, accelerate approvals and pursue non‑dilutive funding. The move leverages SLR’s deep permitting experience in northwestern Ontario, including work on Canada’s first deep geological nuclear waste repository and engagement with the Wabigoon Lake Ojibway Nation, and aligns with Critical Resources’ emphasis on environmental stewardship, Indigenous community partnerships and transparent reporting to position Mavis Lake as a responsibly developed, strategic lithium supply asset for North America.

The most recent analyst rating on (AU:CRR) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Critical Resources Ltd stock, see the AU:CRR Stock Forecast page.

Critical Resources Issues New Tranche of Unquoted Options

Critical Resources Limited has notified the market of the issue of new unquoted options, expanding its pool of equity-based instruments available to stakeholders. The company will issue 24,062,500 options exercisable at $0.008 expiring in April 2028, along with three new classes of 10,000,000 options each, with exercise prices of $0.02, $0.03 and $0.04 expiring in December 2028, as part of previously announced transactions, a move that broadens its capital structure and may provide additional future funding flexibility without immediate share dilution.

Critical Resources Director Bilal Ahmad Increases Stake Through Share Placement

Critical Resources Limited has disclosed a change in the holdings of director Bilal Ahmad, detailing both his direct and indirect interests in the company’s ordinary shares and unlisted options. The update reflects Ahmad’s participation in a shareholder-approved placement on 5 December 2025, through which he acquired 45,625,000 additional ordinary shares for $365,000 and received 22,812,500 free attaching unlisted options, significantly increasing his direct equity and option position while reducing his indirect shareholding, a shift that signals a stronger personal capital commitment to the company and may be closely watched by investors as an indicator of board confidence.

Critical Resources Seeks ASX Quotation for 48.1 Million New Shares

Critical Resources Limited has applied to the ASX for quotation of 48,125,000 new ordinary fully paid shares, with an issue date of 22 December 2025. The additional quoted securities expand the company’s listed capital base, potentially enhancing its capacity to fund operations or strategic initiatives and increasing the tradable float for existing and prospective shareholders.

Critical Resources Completes Second Tranche of Capital Raising and Issues MD Incentive Options

Critical Resources has completed the second tranche of its previously announced placement, raising an additional $385,000 before costs through the issue of 48.1 million new shares accompanied by 24.1 million unlisted options, following shareholder approval for director participation earlier in December. The company has also issued 30 million Managing Director options under its Employee Securities Incentive Plan, reinforcing a capital and remuneration structure designed to align management and employee incentives with shareholder interests and support the execution of its long-term strategic objectives in critical minerals development.

Critical Resources Completes First Drilling Campaign at Cap Burn Gold Project in New Zealand

Critical Resources has completed its inaugural reverse circulation drilling campaign at the Cap Burn Gold Project in New Zealand’s Otago region, marking the start of a broader, multi-stage exploration push across the roughly 10-kilometre Cap Burn fault structure. The program comprised 11 holes over 725 metres, successfully intersecting the targeted Cap Burn fault and its Textural Zone four schist unit, with observed quartz stockwork veining and sulphide mineralisation; samples have been sent to a local laboratory with assays expected by mid-February 2026, which will guide follow-up work next year. Positioned just 11 kilometres from OceanaGold’s 10-million-ounce Macraes gold camp and sharing geological similarities with Santana Minerals’ Rise and Shine discovery, Cap Burn underpins Critical Resources’ strategy to establish a low-impact, low-cost presence in an underexplored but highly prospective gold belt, potentially enhancing its growth prospects if assays confirm significant mineralisation.

Critical Resources Partners with Pathway Group to Boost Mavis Lake Lithium Project

Critical Resources Limited has partnered with Pathway Group, a Canadian government relations firm, to advance its Mavis Lake Lithium Project. This collaboration is expected to enhance the project’s visibility, secure government funding, and strengthen stakeholder relationships, positioning Mavis Lake as a key player in the North American lithium supply chain. The strategic location and infrastructure of Mavis Lake, along with government support, are anticipated to facilitate efficient operations and contribute to the global energy transition.

Critical Resources Secures Shareholder Approval for Key Resolutions

Critical Resources Limited announced that all resolutions proposed at their recent General Meeting were passed by a poll, indicating strong shareholder support. This development is significant for the company as it continues to advance its projects in metals and battery technologies, potentially enhancing its market position and stakeholder confidence.

Critical Resources Completes Acquisition of Cap Burn Gold Project

Critical Resources Limited has completed the acquisition of the Cap Burn Gold Project in New Zealand’s South Island, marking a significant expansion of its gold portfolio. The project, located near world-class gold deposits, is drill-ready with exploration set to begin imminently, offering shareholders exposure to a promising and underexplored region.

Critical Resources Ltd Announces General Meeting for Shareholders

Critical Resources Ltd has announced a General Meeting for its shareholders, scheduled for December 5, 2025, in Perth, Australia. The company is encouraging shareholders to participate either in person or by proxy, with all resolutions to be voted on by poll. This meeting is significant for stakeholders as it provides an opportunity to engage with the company’s strategic decisions and future directions.

Critical Resources Expands Lithium and Antimony Projects Amid Strategic Growth

Critical Resources Limited has made significant strides in its Mavis Lake Lithium Project in Ontario, Canada, by acquiring additional lithium claims, thereby expanding its exploration potential and strengthening its position in the North American lithium supply chain. Additionally, the company is advancing its gold and antimony projects in New South Wales, Australia, and New Zealand, with ongoing drilling and land acquisition efforts. These developments, along with a successful capital raise, underscore the company’s strategic focus on expanding its resource base and exploring value-adding opportunities in critical minerals.

Critical Resources Enhances Investor Engagement with New Platform

Critical Resources Limited has partnered with InvestorHub to enhance its investor engagement by launching an interactive platform. This initiative aims to provide stakeholders with access to ASX announcements, project updates, and key insights, particularly as the company advances its Mavis Lake Lithium Project in Canada and other critical mineral assets in Australia and New Zealand. The platform will feature regular content updates, including exploration news and management interviews, to keep investors informed and engaged, potentially strengthening the company’s market positioning and stakeholder relations.