Evergreen Lithium Ltd. (EG1) AI Stock Analysis

• Market Cap: AU$12.67M
• Dividend Yield: N/A
• Average Volume (3M): 1.37M
• Price to Earnings (P/E): ―
• Beta (1Y): -0.05
• Revenue Growth: N/A
• EPS Growth: -164.21%
• Country: AU
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): -0.07
• Shares Outstanding: 269,600,500
• 10 Day Avg. Volume: 1,355,605
• 30 Day Avg. Volume: 1,373,849
• PEG Ratio: >-0.01
• Price to Book (P/B): 1.21
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -3.66
• 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: 46 Neutral
• Price Target: AU$0.05 ▲(63.33% Upside)

The score is held down primarily by weak financial performance (minimal revenue, widening losses, and ongoing cash burn alongside declining equity). Technicals provide some support due to strong momentum above key moving averages, but overbought indicators increase near-term risk. Valuation is constrained by negative earnings and no dividend yield.

Positive Factors

Low leverage / no debt

Having zero reported debt across 2024–2025 materially reduces financial risk and interest burden, giving management structural flexibility to pursue exploration and development decisions. This balance sheet conservatism supports capital allocation optionality during multi‑year project timelines.

Strategic focus on lithium/battery supply chain

Evergreen’s explicit focus on lithium and battery-materials positions it within a durable secular trend driven by electrification and energy storage. If exploration succeeds, the company targets an expanding long-term addressable market for battery metals, aligning strategy with structural demand drivers.

Improving cash burn trend

The reduction in operating cash outflow year-over-year signals improved cost discipline or operational efficiencies, extending runway and reducing near-term financing pressure. Sustained improvement would strengthen resilience while the company advances exploration milestones over months.

Negative Factors

Widening net losses

A near threefold increase in annual losses indicates structural unprofitability and escalating cash requirements. Persistent large losses erode shareholder value, limit reinvestment capacity, and increase reliance on external funding, weakening the company’s financial footing over the medium term.

Minimal revenue / pre‑commercial status

Effectively nil revenue confirms the business is exploration‑stage with no recurring operating cash inflows. This structural lack of commercial revenue sustains dependency on financing to cover costs, leaving long-term viability contingent on successful resource definition or asset monetisation.

Sharply eroded equity and funding risk

Rapid depletion of shareholders' equity over two years materially shrinks the balance‑sheet buffer to absorb further exploration losses. This increases the probability of future capital raises, potential dilution, and funding execution risk that could constrain long‑term project development plans.

Evergreen Lithium Ltd. Business Overview & Revenue Model

Company Description

Evergreen Lithium Limited engages in the exploration and development of mineral deposits in Australia. The company's flagship project includes the Bynoe Lithium project that covers an area of approximately 231 square kilometers located in the Northern Territory. Evergreen Lithium Limited was incorporated in 2022 and is based in South Yarra, Australia.

How the Company Makes Money

Evergreen Lithium Ltd. makes money primarily through the extraction and sale of lithium. The company engages in mining operations to extract lithium-bearing minerals, which are then processed and sold to various customers, including battery manufacturers and other industries reliant on lithium. Key revenue streams include contracts with electric vehicle manufacturers and renewable energy companies that require lithium for their products. The company's earnings are significantly influenced by global lithium prices, demand from the electric vehicle market, and strategic partnerships with companies in related sectors that enhance its market reach and operational efficiency.

Evergreen Lithium Ltd. Financial Statement Overview

Summary

Financial quality is weak: revenue is effectively zero, losses are large and widening, and cash flow remains negative despite some improvement in burn. Low/zero debt reduces leverage risk, but equity has fallen sharply, increasing future financing risk.

Income Statement

Operating performance is weak and deteriorating. Revenue is effectively zero in most years (only a small revenue figure in 2023), while losses are sizable and widening, with net income falling from about -5.4M (2024) to about -14.9M (2025). Profitability is structurally negative (negative gross profit in 2024–2025 and deeply negative operating results), indicating the business is still in a pre-commercial or heavy investment phase with limited earnings visibility.

Balance Sheet

Leverage is very low (total debt is zero in 2024–2025 and minimal in 2022), which reduces financial risk. However, the balance sheet weakened materially as equity dropped from ~20.2M (2023) to ~16.6M (2024) and then to ~4.4M (2025), consistent with ongoing losses and potential funding needs. Returns on equity are sharply negative in recent years (especially 2025), highlighting poor capital efficiency despite low debt.

Cash Flow

Cash generation remains negative, with operating cash flow at about -1.4M (2025) and -1.8M (2024), and free cash flow also negative (about -1.4M in 2025 vs -3.1M in 2024). The improvement in cash burn in 2025 is a positive, but cash flows are still reliant on external funding given the lack of operating profitability. Free cash flow is not yet sustainably supported by underlying earnings power.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	0.00	0.00	0.00	28.35K	0.00	0.00
Gross Profit	-36.02K	-36.02K	-24.14K	13.14K	0.00	0.00
EBITDA	-13.68M	-14.83M	-5.40M	-5.12M	-1.18M	-67.11K
Net Income	-13.70M	-14.87M	-5.42M	-5.14M	-1.18M	-67.11K
Balance Sheet
Total Assets	4.60M	4.60M	16.89M	21.01M	16.32M	17.63K
Cash, Cash Equivalents and Short-Term Investments	2.14M	2.14M	5.58M	8.69M	6.25M	308.00
Total Debt	0.00	0.00	0.00	0.00	50.00K	2.09K
Total Liabilities	237.64K	237.64K	311.68K	779.64K	1.25M	391.12K
Stockholders Equity	4.37M	4.37M	16.58M	20.23M	15.07M	-373.49K
Cash Flow
Free Cash Flow	-747.42K	-1.44M	-3.11M	-4.20M	15.00	0.00
Operating Cash Flow	-745.85K	-1.44M	-1.78M	-2.22M	99.00	0.00
Investing Cash Flow	-347.28K	-1.94M	-1.33M	-1.98M	1.11K	0.00
Financing Cash Flow	-58.46K	-58.46K	0.00	6.64M	6.25M	36.05K

Evergreen Lithium Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.03
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:EG1, the sentiment is Positive. The current price of 0.03 is below the 20-day moving average (MA) of 0.04, below the 50-day MA of 0.04, and below the 200-day MA of 0.04, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 85.60 is Negative, neither overbought nor oversold. The STOCH value of 73.91 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:EG1.

Evergreen Lithium 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%
PVT	53 Neutral	AU$23.60M	-9.47	-11.09%	―	―	36.67%
NC1	52 Neutral	AU$36.25M	-43.75	-3.94%	―	―	84.36%
EG1	46 Neutral	AU$12.67M	-0.59	-141.97%	―	―	-164.21%
GT1	45 Neutral	AU$19.52M	-1.70	-6.79%	―	―	29.34%
IMI	42 Neutral	AU$5.08M	-0.33	-157.99%	―	―	57.55%
VML	41 Neutral	AU$41.42M	-6.41	-5.81%	―	-67.81%	-244.10%

Evergreen Lithium Ltd. Corporate Events

Evergold Minerals Plans Equity Placement of Up to 6.7 Million Shares

Evergold Minerals Limited has announced a proposed placement of up to 6,695,590 new ordinary fully paid shares, with an anticipated issue date of 2 April 2026. The capital raising, detailed in an Appendix 3B filing to the ASX, is intended to support the company’s ongoing operations and exploration programs, signaling continued reliance on equity issuance to fund its growth strategy and maintain its position within the minerals exploration sector.

The most recent analyst rating on (AU:EG1) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Evergreen Lithium Ltd. stock, see the AU:EG1 Stock Forecast page.

Evergold Minerals Confirms Gold Potential at Bynoe Project

Evergold Minerals Limited has announced promising assay results from its Bynoe Project, confirming significant gold mineralisation within north-trending structural corridors. This development aligns with the company’s strategic shift towards gold exploration, capitalizing on the project’s potential within a proven gold-producing region. The company plans to advance its exploration program in 2026, aiming to further define and expand its gold portfolio, which could enhance its market positioning and offer substantial value creation opportunities for stakeholders.

Evergold Minerals Limited Rebrands and Expands Gold Portfolio

Evergold Minerals Limited has officially changed its name from Evergreen Lithium Limited, following shareholder approval, to reflect its strategic shift towards gold exploration. The company has acquired a portfolio of gold projects in Western Australia, including the Leonora Goldfields, Queens, and Mt Monger projects, all located near operating mills, enhancing its operational and strategic positioning in the gold mining sector.

EverGold Minerals Issues New Shares Under Heads of Agreement

EverGold Minerals Limited has announced the issuance of 6,666,667 fully paid ordinary shares at a price of $0.045 per share as part of a Heads of Agreement with Mr. Ross Crew. This issuance was conducted without disclosure to investors under Part 6D.2 of the Corporations Act, and the company has confirmed compliance with relevant provisions of the Corporations Act, with no excluded information as of the notice date.

Evergold Minerals Limited Announces New Securities Quotation

Evergold Minerals Limited has announced a new application for the quotation of securities on the Australian Securities Exchange (ASX). The company is set to quote 6,666,667 ordinary fully paid securities under the ASX issuer code EG1, with the issue date being November 28, 2025. This move is part of a previously announced transaction, indicating a strategic step in the company’s financial operations.

Evergreen Lithium Ltd. Announces Proposed Securities Issue

Evergreen Lithium Ltd. has announced a proposed issue of 6,666,667 ordinary fully paid securities, with the issue date set for December 5, 2025. This move is likely aimed at raising capital to support its operations and strategic initiatives, potentially strengthening its position in the lithium market and providing opportunities for growth and expansion.

Evergreen Lithium Expands Queens Gold Project with New Tenement Acquisition

Evergreen Lithium Ltd. has announced the acquisition of five tenements to expand its Queens Gold Project in Leonora, Western Australia. This strategic move enhances Evergreen’s position along the Craig’s Fault corridor, known for its gold resources, with immediate exploration access and minimal upfront costs, reflecting the company’s focus on smart and efficient growth.

Evergreen Lithium Secures Strong Shareholder Support at 2025 AGM

Evergreen Lithium Ltd. announced that all resolutions at their 2025 Annual General Meeting were passed, including the adoption of the Remuneration Report and the re-election of directors. These decisions, which were made through a poll, reflect strong shareholder support and are likely to bolster the company’s governance and strategic initiatives, enhancing its position in the lithium market.

Evergreen Lithium Ltd. Announces Proposed Securities Issue

Evergreen Lithium Ltd. announced a proposed issue of 6,250,000 ordinary fully paid securities, scheduled for December 24, 2027. This strategic move is expected to enhance the company’s capital structure, potentially strengthening its market position and providing additional resources for growth and development in the lithium sector.

Evergreen Lithium Expands Gold Exploration in Western Australia

Evergreen Lithium Ltd. has reported significant progress in its quarterly activities, highlighting its strategic acquisitions and exploration efforts in Western Australia’s Goldfields region. The company aims to expand its gold resource base through the Leonora Goldfields Project, which shows high-grade potential and proximity to major gold deposits and infrastructure. Additionally, Evergreen has secured rights to the Queens and Mt Monger Gold Projects, enhancing its portfolio with promising exploration targets and strategic positioning near existing gold processing facilities.