Critical Resources Ltd (AU:CRR)
ASX:CRR
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Critical Resources Ltd
(Sydney:CRR)
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Rating:48Neutral
Price Target:
AU$0.01
â–˛(0.00% Upside)
Action:ReiteratedDate:04/12/26
The score is primarily constrained by weak operating fundamentals (no revenue and continued losses) and elevated cash burn that increased in 2025, despite a comparatively low-leverage balance sheet. Technical and valuation inputs are largely unavailable or not meaningful due to losses, so they contribute a neutral influence.
Positive Factors
Low Leverage / Strong Equity Base
Very low debt versus a substantial equity base materially reduces refinancing and interest-rate risk for an explorer. This durable balance-sheet strength gives management flexibility to pursue farm-outs, JV deals or staged drilling without immediate mandatory debt servicing, supporting project advancement over months to years.
Negative Factors
No Revenue
Five years of zero revenue leaves value entirely dependent on exploration success or transaction activity rather than operating cash generation. That structural absence of recurring revenue makes the business highly binary and sensitive to drilling results, partner interest, and capital availability over multi‑quarter horizons.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage / Strong Equity Base
Very low debt versus a substantial equity base materially reduces refinancing and interest-rate risk for an explorer. This durable balance-sheet strength gives management flexibility to pursue farm-outs, JV deals or staged drilling without immediate mandatory debt servicing, supporting project advancement over months to years.
Read all positive factors
Critical Resources Ltd (CRR) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$28.75M
Dividend YieldN/A
Average Volume (3M)4.48M
Price to Earnings (P/E)―
Beta (1Y)2.89
Revenue GrowthN/A
EPS GrowthN/A
CountryAU
Employees5
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)N/A
Shares Outstanding3,194,085,400
10 Day Avg. Volume4,096,075
30 Day Avg. Volume4,483,068
Financial Highlights & Ratios
PEG Ratio0.00
Price to Book (P/B)0.00
Price to Sales (P/S)0.00
P/FCF Ratio0.00
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
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 1,0...
How the Company Makes Money
CRR’s primary economic model is typical of junior mineral explorers: it seeks to create value by acquiring and advancing exploration tenements and increasing the perceived and/or reported geological potential of those assets (e.g., through mapping...
Critical Resources Ltd Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
72
Positive
Cash Flow
22
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | -109.00K | -70.41K | -1.48K | -14.32K |
| EBITDA | -1.96M | -534.00K | -3.62M | -2.28M | -1.34M |
| Net Income | -1.95M | -2.27M | -4.49M | -2.25M | -1.66M |
Balance Sheet | |||||
| Total Assets | 36.03M | 37.58M | 34.68M | 30.14M | 8.04M |
| Cash, Cash Equivalents and Short-Term Investments | 955.92K | 2.80M | 5.55M | 8.58M | 4.77M |
| Total Debt | 42.20K | 96.83K | 289.58K | 146.59K | 4.00M |
| Total Liabilities | 7.38M | 9.86M | 7.87M | 5.60M | 5.48M |
| Stockholders Equity | 29.75M | 28.83M | 27.70M | 23.97M | 2.00M |
Cash Flow | |||||
| Free Cash Flow | -4.73M | -2.11M | -10.64K | -11.63K | -2.23M |
| Operating Cash Flow | -1.83M | -2.11M | -2.23K | -2.30K | -1.27M |
| Investing Cash Flow | -2.90M | -4.19M | -10.59M | -12.10K | -1.35M |
| Financing Cash Flow | 2.91M | 3.61M | 9.76M | 18.21K | 5.55M |
Critical Resources 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% | |
48 Neutral | AU$28.75M | ― | -4.21% | ― | ― | ― | |
44 Neutral | AU$5.21M | -1.32 | -20.21% | ― | ― | 91.79% | |
43 Neutral | AU$33.91M | -2.08 | -112.37% | ― | ― | 24.25% | |
42 Neutral | AU$4.03M | -1.86 | -58.32% | ― | ― | 78.57% |
* Basic Materials Sector Average
AU:CRR
Critical Resources Ltd
0.01
0.00
0.00%
ARDDF
Ardiden
―
―
―
DE:1TG
Triton Minerals Limited
0.01
0.00
0.00%
AU:CPN
Caspin Resources Ltd.
0.11
0.05
96.43%
AU:SRN
Surefire Resources NL
―
―
―
AU:DM1
Desert Metals Ltd.
0.01
-0.01
-50.00%
Critical Resources Ltd Corporate Events
Critical Resources unveils loyalty options offer to reward shareholders
Apr 9, 2026
Critical Resources Limited has announced a loyalty options offer to eligible shareholders, granting one loyalty option for every ten fully paid ordinary shares held at an issue price of $0.001 per option. Each option will be exercisable at $0.008 ...
Critical Resources sets date and nomination deadline for 2026 AGM
Apr 8, 2026
Critical Resources Limited has scheduled its 2026 Annual General Meeting for 29 May 2026, with full details to be provided in a forthcoming notice of meeting. The company has set 17 April 2026 as the deadline for written nominations from individua...
Critical Resources launches NZ fieldwork as tungsten market surges
Apr 8, 2026
Critical Resources has begun ground-based exploration at its Lammerlaw and Croesus projects in New Zealand after securing permit transfer and environmental approvals, targeting structurally controlled gold-antimony and high-grade tungsten systems....
Critical Resources Director Increases Indirect Equity Stake Through Placement
Apr 1, 2026
Critical Resources Limited has disclosed a change in director Timothy Wither’s interests in the company’s securities, reflecting both direct and indirect holdings. The notice details his existing options and his indirect holdings throu...
Critical Resources completes second tranche of capital raising
Apr 1, 2026
Critical Resources Limited has completed the second tranche of a previously announced capital raising, securing $250,000 before costs through the issue of 25 million new shares and 6.25 million unlisted options to directors following shareholder a...
Critical Resources Issues 6.25 Million Unquoted Options Expiring 2028
Apr 1, 2026
Critical Resources Ltd has notified the market of the issue of 6,250,000 unquoted options under the ASX code CRRAC, exercisable at $0.008 and expiring on 23 April 2028. The options, issued on 1 April 2026 as part of previously announced transactio...
Critical Resources Seeks ASX Quotation for 25 Million New Shares
Apr 1, 2026
Critical Resources Ltd has applied to the ASX for quotation of 25,000,000 new ordinary fully paid shares, with an issue date of 1 April 2026. The application, lodged as an Appendix 2A, signals an expansion of the company’s quoted capital bas...
Critical Resources lodges 2025 corporate governance statement with ASX
Mar 31, 2026
Critical Resources Limited has lodged its corporate governance statement for the financial year ended 31 December 2025 via its website, in line with ASX Listing Rule requirements. The statement, approved by the board and current as at 31 December ...
Critical Resources Outlines Governance and Corporate Structure in 2025 Annual Report
Mar 31, 2026
Critical Resources Limited has released its Annual Report for the year ended 31 December 2025, outlining its corporate structure, key officers, and governance framework. The report confirms the company’s ASX listing details, auditor, and sha...
Critical Resources starts high-grade tungsten and gold exploration in New Zealand
Mar 30, 2026
Critical Resources Limited has commenced ground-based exploration at its Lammerlaw and Croesus projects in New Zealand, transitioning from desktop studies to active field work targeting structurally controlled gold, antimony and high-grade tungste...
Critical Resources Confirms Orogenic Gold System at Cap Burn in New Zealand
Mar 24, 2026
Critical Resources has confirmed the presence of a broad, structurally controlled orogenic gold system at its Cap Burn project in New Zealand following a first-pass shallow reverse circulation drilling campaign. Drilling across 12 holes intersecte...
Critical Resources Wins Strong Shareholder Backing for All General Meeting Resolutions
Mar 20, 2026
Critical Resources Limited has confirmed that all resolutions presented at its 20 March general meeting were approved by poll, with strong voting support across the board. The resolutions covered ratification of prior securities and options issues...
Critical Resources De-Risks Solid-State Battery Program With Electrolyte Breakthrough
Mar 17, 2026
Critical Resources has reported laboratory validation of its amorphous solid-state electrolyte, developed with the South Dakota School of Mines Technology under the U.S. CEPS framework, showing stable operation over 1,200 hours at room temperatur...
Critical Resources Validates Solvent-Free Dry Cathode Breakthrough for Solid-State Batteries
Mar 4, 2026
Critical Resources has validated a solvent-free Dry Supersonic Deposition process to fabricate mechanically robust, electrochemically active lithium iron phosphate cathodes without solvents or polymer binders. Laboratory tests confirmed that the a...
Critical Resources outlines investor presentation framework and disclosure limits
Feb 25, 2026
Critical Resources has released an investor presentation dated February 2026, outlining information on its lithium, gold and next‑generation battery technology activities. The document is positioned as a high‑level summary for investor...
Critical Resources Maps Priority Targets at New Zealand’s Lammerlaw Gold Project
Feb 22, 2026
Critical Resources has completed a detailed desktop study for its Lammerlaw Gold Project in New Zealand’s Central Otago Goldfield, ahead of anticipated transfer approval of the project permit. The review refines the geological model, confirm...
Critical Resources Raises $1.6m in Tranche 1 Placement and Issues Cleansing Notice
Feb 11, 2026
Critical Resources has completed settlement of Tranche 1 of its previously announced placement, raising $1.605 million before costs through the issue of 160.5 million new shares accompanied by 40.125 million unlisted options. A second tranche, com...
Critical Resources Issues 57.6 Million Unquoted Options Under Long-Dated Equity Plan
Feb 11, 2026
Critical Resources Ltd has notified the market of the issue of 57,625,000 unquoted options, exercisable at $0.008 and expiring on 23 April 2028. The securities, identified under the ASX code CRRAC, were issued on 11 February 2026 as part of previo...
Critical Resources Seeks ASX Quotation for 160.5 Million New Shares
Feb 11, 2026
Critical Resources Ltd has applied for quotation of 160,500,000 new ordinary fully paid shares on the ASX, with an issue date of 11 February 2026. The substantial new share issuance, previously flagged to the market, will expand the company’...
Critical Resources Starts U.S. Solid-State Battery Evaluation Push
Feb 10, 2026
Critical Resources has launched a structured, six-month solid-state lithium-ion battery evaluation program with the South Dakota School of Mines Technology under the U.S. National Science Foundation-backed CEPS framework. The initiative gives the...
Critical Resources Confirms Orogenic Gold-Antimony-Silver System at Amoco as New England Hub Takes Shape
Feb 8, 2026
Critical Resources reports that petrographic analysis of maiden drill samples at its Amoco project confirms a late-stage, shallow orogenic gold–antimony–silver lode system overprinting earlier volcanic-hosted massive sulphide mineralis...
Critical Resources Joins U.S. Solid-State Battery Centre to Advance Next-Gen Storage Technologies
Feb 1, 2026
Critical Resources has been accepted as an industry member of the U.S. Centre for Solid-State Electric Power Storage (CEPS), enabling it to evaluate and advance next-generation solid-state lithium-ion battery technologies under an exclusive option...
Critical Resources Expands Mavis Lake, Moves Into Solid-State Batteries and Raises Capital
Jan 29, 2026
In the December 2025 quarter, Critical Resources significantly expanded its Mavis Lake Lithium Project in Ontario to more than 400 km² by adding about 80 km² of highly prospective ground, strengthening its strategic position in North Ame...
Critical Resources Flags Major Share and Option Issue to Boost Capital Base
Jan 29, 2026
Critical Resources Limited, an ASX-listed company trading under the code CRR, has lodged a notice of proposed securities issue but has not provided additional operational or industry background in this release. The company plans to undertake a pla...
Critical Resources Raises A$1.75m to Accelerate Lithium and Battery Metals Strategy
Jan 29, 2026
Critical Resources Limited has secured firm commitments to raise A$1.75 million through a placement of 175 million new shares at A$0.01 each, accompanied by 1‑for‑4 free attaching options exercisable at A$0.008, with pricing set at no ...
Critical Resources Seeks ASX Trading Halt Ahead of Capital Raising Announcement
Jan 27, 2026
Critical Resources Limited has requested a trading halt on its securities on the ASX, effective from 27 January 2026, as it prepares to announce a capital raising. Trading in the company’s shares will remain suspended until either the antici...
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
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