Top Page
DevEx Resources Ltd
(OTC:DEV)
DevEx Resources Ltd (DEV) vs. iShares MSCI Australia ETF (EWA)
DevEx Resources Ltd Business Overview & Revenue Model
DevEx Resources Ltd Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 355.32K | 355.32K | 100.00K | 14.17K | 0.00 | 0.00 |
| Gross Profit | 131.91K | 355.32K | 100.00K | -294.00K | -376.00K | -488.00K |
| EBITDA | -9.30M | -9.30M | -9.90M | -12.61M | -11.51M | -6.08M |
| Net Income | -9.11M | -9.11M | -10.79M | -12.94M | -11.91M | -6.58M |
Balance Sheet | ||||||
| Total Assets | 16.07M | 16.07M | 26.31M | 15.92M | 11.29M | 19.49M |
| Cash, Cash Equivalents and Short-Term Investments | 7.12M | 7.12M | 16.77M | 12.67M | 7.87M | 16.58M |
| Total Debt | 147.29K | 147.29K | 262.23K | 366.66K | 435.70K | 495.99K |
| Total Liabilities | 2.31M | 2.31M | 3.43M | 3.46M | 3.20M | 2.70M |
| Stockholders Equity | 13.75M | 13.75M | 22.88M | 12.46M | 8.08M | 16.79M |
Cash Flow | ||||||
| Free Cash Flow | -9.39M | -9.39M | -15.12M | -12.14M | -9.32M | -6.15M |
| Operating Cash Flow | -9.34M | -9.34M | -14.84M | -12.02M | -9.24M | -5.96M |
| Investing Cash Flow | -121.19K | -121.19K | -656.83K | -116.32K | -188.28K | -185.97K |
| Financing Cash Flow | -189.39K | -189.39K | 19.59M | 16.94M | 723.19K | 20.51M |
DevEx Resources Ltd Technical Analysis
DevEx Resources Ltd Peers Comparison
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% | |
57 Neutral | AU$71.97M | ― | -32.57% | ― | -100.00% | -477.06% | |
55 Neutral | AU$64.97M | ― | -96.79% | ― | ― | -116.67% | |
52 Neutral | AU$93.86M | ― | -49.01% | ― | -100.00% | 19.53% | |
44 Neutral | AU$32.21M | -20.34 | -10.97% | ― | ― | 71.63% | |
39 Underperform | €90.37M | ― | -16.71% | ― | ― | -18.92% | |
38 Underperform | €58.84M | -21.03 | -39.80% | ― | ― | -4.13% |
DevEx Resources Ltd Corporate Events
DevEx Resources Limited has announced the approval and release of its amended Constitution, following a special resolution by shareholders at the company’s 2025 Annual General Meeting. This amendment, effective from November 27, 2025, aligns with ASX Listing Rule 15.4.2 and signifies a strategic update in the company’s governance framework, potentially impacting its operational and market positioning.
DevEx Resources Limited, a company listed on the Australian Securities Exchange, has requested a trading halt in its securities. This halt is pending the announcement of a material capital raising, specifically the completion of the bookbuild process. The trading halt is expected to remain in place until the announcement is made or until normal trading resumes on December 3, 2025. This move is significant as it indicates a strategic financial maneuver by the company, potentially impacting its market position and stakeholder interests.
DevEx Resources Ltd has announced significant developments in its uranium exploration projects, particularly at the Nabarlek Project in Northern Territory, Australia. The company has identified multiple high-priority uranium targets, which could enhance its position in the resurging uranium sector. Additionally, advancements in the Kennedy Project, focusing on rare earth elements, have been highlighted, underscoring the company’s strategic focus on expanding its resource base and capitalizing on market opportunities.
DevEx Resources Ltd has announced the appointment of Marnie Finlayson as a director, effective December 1, 2025. The announcement includes details of her interests in securities and performance rights, which are subject to shareholder approval. This appointment is expected to strengthen the company’s leadership team and potentially enhance its strategic direction in the mineral exploration sector.
DevEx Resources Ltd announced the issuance of 500,000 unquoted equity securities under an employee incentive scheme. This move is part of the company’s strategy to incentivize its workforce, potentially impacting its operational efficiency and aligning employee interests with company growth objectives.
DevEx Resources Limited announced that all resolutions proposed at its 2025 Annual General Meeting were successfully passed by shareholder vote. The resolutions included the re-election of a director, approval of a 10% placement facility, re-approval of the employee securities incentive plan, approval of potential termination benefits, and modification of the company’s constitution. This successful meeting outcome supports DevEx’s strategic initiatives and governance framework, potentially strengthening its position in the mining sector.
DevEx Resources Ltd is positioning itself for growth in the uranium sector, driven by a global resurgence in nuclear energy demand. The company is expanding its landholdings in the Alligator Rivers Uranium Province and advancing its Nabarlek Uranium Project with new drilling programs planned. Additionally, DevEx is strengthening its leadership team with the appointment of a new Managing Director and a new board member, aiming to enhance its exploration and development capabilities.
DevEx Resources Limited has appointed Matthew Yates, a seasoned mining executive with extensive experience in exploration and development, as a non-executive director. This strategic appointment is expected to bolster DevEx’s board with Yates’ expertise in mergers and acquisitions, capital raising, and company growth, aligning with the company’s new era of expansion and enhancing shareholder value.
DevEx Resources Ltd announced the cessation of 800,000 securities due to the expiry of options or other convertible securities without exercise or conversion. This announcement may impact the company’s capital structure and could influence investor perception regarding the company’s financial strategy and future growth prospects.
DevEx Resources Limited has announced significant advancements in the metallurgical processing of its Kennedy Rare Earths Deposit in Queensland. Recent column leach tests have shown promising results, with high recoveries of critical magnet rare earths and low acid consumption, suggesting a viable heap leach processing option. These findings enhance the potential for efficient extraction of valuable rare earth elements, positioning Kennedy favorably compared to other REE deposits in Australia. The results are expected to support further assessments and could have positive implications for stakeholders by improving operational efficiency and resource utilization.
DevEx Resources Ltd has entered into a binding agreement with Rio Tinto Exploration Pty Ltd to acquire nine uranium exploration licence applications in the Alligator Rivers Uranium Province, significantly expanding its exploration footprint. This acquisition aligns with DevEx’s growth strategy, allowing the company to apply its uranium targeting concepts and on-ground knowledge to fast-track exploration activities, enhancing its position in one of the world’s most endowed uranium provinces.
DevEx Resources Ltd has appointed Marnie Finlayson as its new Managing Director, effective December 1, 2025. Finlayson brings extensive experience from her tenure at Rio Tinto, where she played a significant role in developing global strategies, particularly in battery materials. Her leadership is expected to drive DevEx’s growth, focusing on advancing its uranium portfolio and unlocking the value of its rare earths project. The outgoing Managing Director, Todd Ross, is credited with repositioning the company and preparing it for future exploration phases.
DevEx Resources Ltd has announced its Annual General Meeting (AGM) scheduled for November 27, 2025, in West Perth, Australia. Shareholders are encouraged to participate by submitting their proxy voting instructions electronically or by mail. The company emphasizes the importance of reading the meeting materials thoroughly and seeking professional advice if needed. This move reflects DevEx Resources’ commitment to efficient shareholder communication and engagement, potentially impacting its operational transparency and stakeholder relations.
DevEx Resources Limited has identified several kilometre-scale anomalies at its Murphy West Uranium Project in Northern Territory, Australia, through preliminary soil geochemistry. These anomalies show similar pathfinder geochemistry to the Junnagunna Uranium Deposit in Queensland, suggesting significant potential for uranium mineralization. The company is preparing for a shallow drill program scheduled for 2026, aiming to further explore these targets. The findings enhance DevEx’s position in the uranium exploration sector, potentially impacting its operations and stakeholder interests positively.
DevEx Resources Ltd has responded to an ASX Price Query, confirming that there is no undisclosed information that could explain recent trading activity in its securities. The company assures compliance with ASX Listing Rules and confirms that its responses have been authorized by appropriate officers, maintaining transparency and adherence to disclosure policies.
DevEx Resources Ltd has released an update on its exploration activities, highlighting significant progress in identifying high-grade uranium targets at its Nabarlek Project. The company is poised for growth in the uranium sector, with multiple large-scale targets identified, which could enhance its market position and offer substantial opportunities for stakeholders.
DevEx Resources Limited has announced that its 2025 Annual General Meeting (AGM) will take place on November 27, 2025, with further details to be provided in a forthcoming notice. The closing date for director nominations for the AGM is set for October 9, 2025, as per ASX Listing Rule 3.13.1. This announcement is part of the company’s regular governance practices, ensuring shareholders are informed and have the opportunity to participate in the nomination process.
DevEx Resources Ltd has released its corporate governance statement for the financial year ending June 30, 2025, which is available on their website. The statement outlines the company’s adherence to the ASX Corporate Governance Council’s principles, highlighting their commitment to transparency and accountability. This release serves to assure stakeholders of the company’s compliance with governance standards, potentially strengthening its industry position and stakeholder trust.
DevEx Resources Ltd has released its Annual Report for 2025, detailing the company’s financial performance and strategic initiatives. The report provides insights into the company’s operations, including its financial statements and mineral resource assessments, highlighting its commitment to transparency and growth in the resources sector.
DevEx Resources Limited announced that its Managing Director, Todd Ross, will present at the Resources Rising Stars Gold Coast Investor Conference on September 17th and 18th, 2025. The presentation will provide an update on the company’s activities and outlook, and will be available to investors both in-person and via live-stream, with recordings accessible post-event. This engagement is part of DevEx’s efforts to communicate its strategic direction and operational progress to stakeholders.
DevEx Resources Ltd announced the cessation of 550,000 securities due to the expiry of options or other convertible securities without exercise or conversion. This development may impact the company’s capital structure and could influence investor perceptions regarding the company’s financial strategies and future growth prospects.