Evergreen Lithium Ltd. (EG1) AI Stock Analysis

• Market Cap: AU$9.44M
• Dividend Yield: N/A
• Average Volume (3M): 1.37M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.16
• 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: 45 Neutral
• Price Target: AU$0.03 ▲(13.33% Upside)

The score is primarily held back by weak financial performance (minimal revenue, widening losses, and ongoing cash burn alongside shrinking equity). Technicals provide only modest support with short-term strength but a still-weak longer-term trend, while valuation is constrained by a negative P/E and no dividend yield data.

Positive Factors

Very low leverage (zero debt)

Zero reported debt materially reduces financial risk and interest burden for an exploration company. This durable strength preserves balance-sheet flexibility, improving the firm's ability to fund staged exploration or negotiate project financing on better terms versus highly leveraged peers.

Strategic focus on lithium battery-material supply chain

Positioning in the lithium/battery-material supply chain aligns the company with long-term secular demand for EV and energy storage minerals. This structural industry tailwind supports potential long-term project economics and offtake interest if resources are defined and developed.

Improved cash burn in 2025

A reduction in cash burn signals progress in cost control or program prioritisation, extending operational runway without immediate financing. If sustained, this trend materially lowers near-term dilution risk and gives management more time to advance exploration milestones or secure partners.

Negative Factors

Minimal revenue and widening net losses

Persistent near-zero revenue and escalating losses indicate the company remains pre-commercial and dependent on capital markets. Over months this reduces internal funding capacity, weakens coverage of operating needs, and heightens execution risk until resources are monetised or production commences.

Sharp equity erosion increases financing risk

Material decline in shareholder equity tightens the firm's capital buffer and increases likelihood of external fundraising. That raises dilution risk, potential for unfavorable financing terms, or forced asset disposals, constraining strategic optionality over the medium term.

Negative operating and free cash flow; reliant on external funding

Sustained negative operating and free cash flow means the business cannot self-fund exploration or development. Reliance on external capital is a structural vulnerability: it can delay projects, force dilution, or expose the company to market funding cycles until commercial cash generation is achieved.

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

Evergreen Lithium Ltd. faces significant financial challenges with no current revenue and ongoing losses. While the balance sheet shows a strong equity position, the lack of revenue and negative cash flows may hinder long-term viability. The company needs to find ways to generate revenue to improve its financial health.

Income Statement

Evergreen Lithium Ltd. is not generating any revenue in the most recent period, with a significant net loss of -$5.4M in 2024, indicating weak profitability. The gross profit margin and net profit margin are negative due to the absence of revenue, and EBIT and EBITDA margins are also negative. The revenue growth rate cannot be computed due to zero revenue in the current period.

Balance Sheet

The company has a strong equity base with no debt, as seen in the zero debt-to-equity ratio, and a high equity ratio of approximately 98%. However, given the consistent net losses, sustainability could be a concern unless revenue generation improves.

Cash Flow

Evergreen Lithium's cash flow position reveals challenges with negative operating and free cash flows. The free cash flow growth rate shows improvement from the previous year, but the free cash flow to net income ratio is negative, highlighting cash flow management issues.

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	―	0.00
Operating Cash Flow	-745.85K	-1.44M	-1.78M	-2.22M	―	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: Neutral
• STOCH: Negative

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 0.03, 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 68.58 is Neutral, neither overbought nor oversold. The STOCH value of 89.39 is Negative, 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%
GT1	53 Neutral	AU$35.79M	-3.16	-6.79%	―	―	29.34%
NC1	49 Neutral	AU$21.14M	-39.29	-3.94%	―	―	84.36%
PVT	49 Neutral	AU$20.97M	-8.95	-11.09%	―	―	36.67%
EG1	45 Neutral	AU$9.44M	-0.44	-141.97%	―	―	-164.21%
IMI	44 Neutral	AU$5.75M	-0.30	-157.99%	―	―	57.55%
VML	41 Neutral	AU$44.97M	-6.94	-5.81%	―	-67.81%	-244.10%

Evergreen Lithium Ltd. Corporate Events

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.

Evergreen Lithium Secures Approvals for Mt Monger Gold Drilling

Evergreen Lithium Ltd. has received all necessary Program of Work approvals from Western Australia’s mining regulator, allowing them to commence reverse circulation (RC) drilling at the Mt Monger Gold Projects. This drilling will focus on the Duchess of York and Kiaki Soaks Prospects, which have been identified as high-priority gold targets. The company aims to unlock significant value for shareholders by exploring these underexplored gold systems, with the potential for substantial development advantages due to the area’s existing infrastructure.

EverGreen Lithium Announces Details for 2025 AGM

EverGreen Lithium Limited has announced details for its upcoming Annual General Meeting (AGM) scheduled for November 25, 2025. The meeting will address several key resolutions, including the adoption of the remuneration report, re-election and election of directors, approval of future securities issuance, and a potential change of the company’s name. Shareholders are encouraged to participate and vote on these matters, which are crucial for the company’s governance and strategic direction.