Elevate Uranium Ltd (EL8) AI Stock Analysis

• Market Cap: AU$171.60M
• Dividend Yield: N/A
• Average Volume (3M): 1.49M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.73
• Revenue Growth: N/A
• EPS Growth: 1.38%
• Country: AU
• Employees: N/A
• Sector: Energy
• Sector Strength: 52
• Industry: Uranium
• EPS (TTM): -0.01
• Shares Outstanding: 385,615,800
• 10 Day Avg. Volume: 2,000,132
• 30 Day Avg. Volume: 1,487,820
• PEG Ratio: 2.09
• Price to Book (P/B): 4.73
• Price to Sales (P/S): 147.04
• P/FCF Ratio: -9.65
• 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: AU$0.50
• Price Target Upside: 4.17% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 56 Neutral
• Price Target: AU$0.50 ▲(4.17% Upside)

Elevate Uranium Ltd's stock score is primarily influenced by its challenging financial performance, which is a significant concern. However, the technical analysis indicates strong bullish momentum, providing a positive outlook in the short term. Valuation remains a concern due to negative earnings and lack of dividends, which limits the stock's attractiveness.

Elevate Uranium Ltd Business Overview & Revenue Model

Company Description

Elevate Uranium Ltd engages in the exploration and evaluation of uranium deposits. The company's principal projects include the Koppies, Hirabeb, Marenica, and Namib IV in Namibia. It also holds 100% interests in the Angela, Thatcher Soak, Oobagooma, and Minerva project areas, as well as the Bigrlyi, Malawiri, Walbiri, and Areva joint ventures in Australia. The company was formerly known as Marenica Energy Limited and changed its name to Elevate Uranium Ltd in May 2021. Elevate Uranium Ltd was incorporated in 1978 and is headquartered in West Perth, Australia.

How the Company Makes Money

Elevate Uranium generates revenue primarily through the development and eventual production of uranium. The company's revenue model is centered on the exploration and mining of uranium deposits, with a focus on bringing its projects to production. Key revenue streams are expected to come from the sale of uranium concentrate to utilities and other end-users in the nuclear power sector. Additionally, the company may benefit from strategic partnerships with other mining companies or utilities that could provide access to capital or resources necessary for further exploration and development. Factors contributing to its earnings include the market price of uranium, the successful completion of exploration programs, and advancements in project development milestones.

Elevate Uranium Ltd Financial Statement Overview

Summary

Elevate Uranium Ltd is in a challenging financial position with consistent losses and negative cash flows. While revenue has increased, profitability remains a concern. The balance sheet is stable with low leverage, but the company needs to focus on improving operational efficiency and cash flow management to enhance financial health.

Income Statement

Elevate Uranium Ltd has shown a significant increase in revenue from 2024 to 2025, but the company remains unprofitable with negative net income and EBIT margins. The gross profit margin is positive, indicating some operational efficiency, but the overall profitability is weak due to high operating expenses.

Balance Sheet

The company maintains a low debt-to-equity ratio, suggesting conservative leverage. However, the return on equity is negative, reflecting ongoing losses. The equity ratio is relatively stable, indicating a solid capital structure despite profitability challenges.

Cash Flow

Operating and free cash flows are negative, indicating cash burn. The free cash flow growth rate is slightly negative, showing a small improvement. The cash flow to net income ratios suggest that cash flows are aligned with net losses, but the company needs to improve cash generation.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	768.50K	768.50K	182.00	0.00	0.00	0.00
Gross Profit	945.72K	768.50K	-121.67K	-117.68K	-85.52K	-54.29K
EBITDA	3.10M	-11.85M	-10.62M	-8.51M	-5.68M	-2.66M
Net Income	-4.75M	-12.32M	-10.75M	-8.63M	-5.73M	-2.60M
Balance Sheet
Total Assets	25.46M	25.46M	13.26M	12.54M	19.33M	9.96M
Cash, Cash Equivalents and Short-Term Investments	21.71M	21.71M	10.83M	10.06M	15.81M	6.66M
Total Debt	432.41K	432.41K	74.21K	146.03K	177.27K	99.29K
Total Liabilities	1.57M	1.57M	1.48M	1.02M	838.59K	429.54K
Stockholders Equity	23.89M	23.89M	11.78M	11.52M	18.49M	9.53M
Cash Flow
Free Cash Flow	-8.05M	-11.71M	-9.31M	-5.90M	-4.49M	-2.40M
Operating Cash Flow	-8.01M	-11.62M	-9.24M	-5.83M	-4.38M	-2.33M
Investing Cash Flow	-425.62K	-714.24K	-73.79K	-74.52K	-137.62K	-61.28K
Financing Cash Flow	-104.30K	23.22M	10.09M	158.86K	13.67M	7.99M

Elevate Uranium Ltd Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.48
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:EL8, the sentiment is Positive. The current price of 0.48 is above the 20-day moving average (MA) of 0.42, above the 50-day MA of 0.34, and above the 200-day MA of 0.29, indicating a bullish trend. The MACD of 0.03 indicates Positive momentum. The RSI at 65.08 is Neutral, neither overbought nor oversold. The STOCH value of 63.01 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:EL8.

Elevate Uranium Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
BKY	57 Neutral	£249.65M	230.43	-6.30%	―	―	-67.12%
EL8	56 Neutral	AU$171.60M	―	-69.11%	―	―	1.38%
EME	47 Neutral	AU$24.11M	―	-0.93%	―	―	8.33%
PEN	47 Neutral	$287.37M	―	-7.01%	―	-100.00%	49.49%
ZEU	43 Neutral	AU$12.91M	―	-75.69%	―	―	-141.67%
AEE	41 Neutral	£220.50M	―	-26.26%	―	―	-75.25%

Elevate Uranium Ltd Corporate Events

Elevate Uranium Advances Demonstration Plant and Expands Resource Base

Elevate Uranium Ltd announced progress on its U-pgrade™ Demonstration Plant, which is on track for completion by mid-2025. This plant aims to validate the company’s beneficiation process, with potential implications for future commercial operations. Concurrently, extensive drilling activities at the Koppies Uranium Project are ongoing, with significant resource growth expected to enhance the project’s viability. The appointment of Scott Perry as Non-Executive Chairman and a 12% increase in the Bigrlyi Mineral Resource further bolster the company’s strategic positioning in the uranium market.

Elevate Uranium Clarifies JORC Compliance for U-pgradeTM Process

Elevate Uranium Ltd has issued a clarification regarding the JORC compliance of ore samples used in developing its U-pgradeTM beneficiation process. This process significantly enhances the concentration of uranium ore from the Marenica Uranium Project in Namibia, increasing the ore grade from 93 ppm U3O8 to over 5,000 ppm U3O8. The announcement confirms the validity of previously reported outcomes and underscores the company’s commitment to innovation in processing low-grade uranium resources, potentially strengthening its position in the global uranium market.

Elevate Uranium Appoints New Director Scott Perry

Elevate Uranium Limited has announced the appointment of Scott Perry as a new director, effective March 27, 2025. This appointment is a strategic move for the company, potentially strengthening its leadership team and enhancing its operations in the uranium market. The announcement does not indicate any immediate changes to Perry’s financial interests in the company, as he currently holds no securities or contracts related to Elevate Uranium.

Elevate Uranium Appoints Scott Perry as New Chairman

Elevate Uranium Ltd has appointed Scott Perry as the new Chairman, succeeding Andrew Bantock. Perry’s extensive experience in the mining sector, including transforming Centerra Gold into a C$3 billion company, is expected to significantly benefit Elevate Uranium as it progresses its Koppies Uranium Project and U-pgradeTM plant. The company is well-positioned for strategic growth, with strong funding and leadership in place.

Elevate Uranium Advances U-pgrade™ Plant and Koppies Project

Elevate Uranium Ltd announced progress on its U-pgrade™ Demonstration Plant, which is set to be completed by mid-2025. The plant, constructed by Fremantle Metallurgy Pty Ltd, will test the U-pgrade™ beneficiation process to concentrate uranium mineral efficiently, potentially leading to a full-scale commercial plant. Concurrently, resource growth drilling at the Koppies Uranium Project’s Namib IV site continues, which could enhance the project’s resource base and extend its mine life.

Elevate Uranium Ltd Releases Half-Year Financial Report

Elevate Uranium Ltd has released its half-year financial report for the period ending December 31, 2024. The report includes various financial statements such as the consolidated statement of profit or loss, financial position, changes in equity, and cash flows, along with notes and an independent auditor’s review. This financial disclosure provides stakeholders with insights into the company’s financial health and operational performance over the past six months, which can impact investor confidence and market positioning.

Cumulus Wealth Acquires Substantial Stake in Elevate Uranium

Cumulus Wealth Pty Ltd has become a substantial shareholder in Elevate Uranium Ltd, holding a 5.27% voting power through managed discretionary account services. This development signifies a notable investment in Elevate Uranium, potentially impacting its market position and stakeholder interests by aligning with a significant financial entity.

Elevate Uranium Reports 12% Increase in Bigrlyi Uranium Resource

Elevate Uranium Ltd has announced a 12% increase in the mineral resource estimate for the Bigrlyi Uranium Project, following recent drilling results. This update brings the total uranium content to 10.9kt U3O8, with 20% of the resource now classified as Measured, enhancing geological confidence. The increase in resources strengthens Elevate Uranium’s position in the uranium market and highlights the potential for further growth through ongoing exploration efforts.