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Elevate Uranium Ltd (AU:EL8)
ASX:EL8

Elevate Uranium Ltd (EL8) AI Stock Analysis

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AU:EL8

Elevate Uranium Ltd

(Sydney:EL8)

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Neutral 50 (OpenAI - 5.2)
Rating:50Neutral
Price Target:
AU$0.34
▼(-1.47% Downside)
Action:ReiteratedDate:01/20/26
The score is held back primarily by weak financial performance—ongoing losses and negative operating/free cash flow—despite a relatively conservative balance sheet. Technicals are supportive with the price above major moving averages and positive MACD, but momentum indicators (RSI/Stoch) are approaching overbought. Valuation remains constrained by negative earnings and no dividend support.
Positive Factors
Conservative balance sheet / low leverage
A low debt-to-equity profile gives Elevate Uranium durable financial flexibility to fund exploration and permit work without heavy interest burdens. Conservatively levered juniors withstand commodity cycles better, lowering default risk and preserving optionality for joint ventures or staged project funding.
Year-over-year revenue increase
Rising revenue at an exploration/development company signals progress on monetisable activities (asset sales, service income, or project milestones). Durable revenue growth can strengthen bargaining power for offtakes or JV terms and supports continued investment in project advancement.
Positive gross profit margin
A positive gross margin indicates the company can cover direct project costs and retain value from operational activities. For a developer this suggests underlying project economics may be viable and provides room to absorb SG&A while progressing studies and permitting toward production.
Negative Factors
Ongoing unprofitability
Sustained negative net income and EBIT mean the firm cannot self-fund growth or development. Persistent losses depress returns on equity, force external financing, and increase vulnerability to funding squeezes that can delay project timelines and dilute existing shareholders.
Negative operating and free cash flow
Negative operating and free cash flows are structurally important: the business consumes cash to progress projects. That cash burn necessitates recurring capital raises, constrains discretionary spending on studies or permitting, and raises execution risk if markets tighten.
Reliance on capital raisings (pre-revenue model)
Dependence on equity/debt raises is a structural risk for juniors. Access to markets determines project pace; adverse uranium market sentiment or tighter capital markets can force dilution, delay development, or compel asset sales before projects realise full value.

Elevate Uranium Ltd (EL8) vs. iShares MSCI Australia ETF (EWA)

Elevate Uranium Ltd Business Overview & Revenue Model

Company DescriptionElevate 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 MoneyElevate 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
Revenue increased, but the company remains unprofitable with negative net income/EBIT and continued cash burn. Balance sheet leverage is conservative, yet negative ROE and weak cash generation keep overall financial strength below average.
Income Statement
25
Negative
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
40
Negative
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
30
Negative
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.
BreakdownJun 2025Jun 2024Jun 2023Jun 2022Jun 2021
Income Statement
Total Revenue768.50K182.000.000.000.00
Gross Profit768.50K-121.67K-117.68K-85.52K-54.29K
EBITDA-11.85M-10.62M-8.51M-5.68M-2.66M
Net Income-12.32M-10.75M-8.63M-5.73M-2.60M
Balance Sheet
Total Assets25.46M13.26M12.54M19.33M9.96M
Cash, Cash Equivalents and Short-Term Investments21.71M10.83M10.06M15.81M6.66M
Total Debt432.41K74.21K146.03K177.27K99.29K
Total Liabilities1.57M1.48M1.02M838.59K429.54K
Stockholders Equity23.89M11.78M11.52M18.49M9.53M
Cash Flow
Free Cash Flow-11.71M-9.31M-5.90M-4.49M-2.40M
Operating Cash Flow-11.62M-9.24M-5.83M-4.38M-2.33M
Investing Cash Flow-714.24K-73.79K-74.52K-137.62K-61.28K
Financing Cash Flow23.22M10.09M158.86K13.67M7.99M

Elevate Uranium Ltd Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.34
Price Trends
50DMA
0.36
Positive
100DMA
0.34
Positive
200DMA
0.32
Positive
Market Momentum
MACD
<0.01
Positive
RSI
50.34
Neutral
STOCH
74.60
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 0.34 is below the 20-day moving average (MA) of 0.37, below the 50-day MA of 0.36, and above the 200-day MA of 0.32, indicating a bullish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 50.34 is Neutral, neither overbought nor oversold. The STOCH value of 74.60 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

Overall Rating
UnderperformOutperform
Sector (65)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
65
Neutral
$15.17B7.614.09%5.20%3.87%-62.32%
54
Neutral
AU$316.35M-8.30-7.01%-100.00%49.49%
50
Neutral
AU$172.41M-10.34-69.11%1.38%
46
Neutral
AU$236.54M-43.44-6.30%-67.12%
46
Neutral
AU$19.92M-38.00-0.93%8.33%
43
Neutral
AU$147.82M-8.19-26.26%-75.25%
40
Underperform
AU$7.90M-3.79-75.69%-141.67%
* Energy Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:EL8
Elevate Uranium Ltd
0.37
0.15
68.18%
AU:AEE
Aura Energy
0.15
0.03
26.09%
AU:BKY
Berkeley Energia
0.53
0.14
34.18%
AU:PEN
Peninsula Energy
0.74
0.17
28.92%
AU:ZEU
Zeus Resources Ltd.
0.01
<0.01
10.00%
AU:EME
Energy Metals Ltd
0.10
0.02
23.38%

Elevate Uranium Ltd Corporate Events

Elevate Uranium Builds Critical Mass With 153Mlb Global Resource Base
Feb 8, 2026

Elevate Uranium has outlined a global resource base of 153 million pounds of U3O8 across two top‑tier jurisdictions, positioning itself as an emerging mid‑tier player in the uranium sector. The company reports four discoveries in four years, including 96 million pounds of U3O8 linked to its proprietary U‑grade process, which could improve recoveries and costs as it moves projects from discovery toward development.

A further 57 million pounds of U3O8 is associated with multiple high‑grade prospects, offering diversification and exposure to targets above 1,000 ppm U3O8 that may support higher‑margin production. This growing resource inventory and exploration pipeline underpin Elevate Uranium’s strategy to build critical mass in a strengthening uranium market, potentially enhancing its appeal to investors seeking leveraged exposure to nuclear fuel demand.

The most recent analyst rating on (AU:EL8) stock is a Hold with a A$0.34 price target. To see the full list of analyst forecasts on Elevate Uranium Ltd stock, see the AU:EL8 Stock Forecast page.

Elevate Uranium Doubles Resource Grade at Namibia’s Marenica Project After Major Re-Estimate
Feb 4, 2026

Elevate Uranium has delivered a major upgrade to the Mineral Resource Estimate at its Marenica Uranium Project in Namibia, doubling the resource grade to 185 ppm U3O8 for 40.2 million pounds of contained uranium at a 100 ppm cut-off grade, and increasing the resource to 59 million pounds at 124 ppm U3O8 at a 50 ppm cut-off. The update, based on re-analysis of data from more than 5,000 historical drill holes and conversion of the resource to JORC 2012 standards, excludes some mineralised areas due to wide-spaced drilling, with infill programs set to begin this month to reintroduce those zones and upgrade parts of the resource from Inferred to Indicated, materially enhancing Marenica’s development potential and providing a more robust, lower-risk platform for Elevate’s growth ambitions in uranium.

The most recent analyst rating on (AU:EL8) stock is a Hold with a A$0.48 price target. To see the full list of analyst forecasts on Elevate Uranium Ltd stock, see the AU:EL8 Stock Forecast page.

Elevate Uranium Options Lapse, Clarifying Capital Structure
Feb 3, 2026

Elevate Uranium Ltd has confirmed the expiry of 14,904,798 listed options (ASX code EL8AT), which were due to expire on 30 January 2026 with an exercise price of A$0.60 and lapsed without being exercised. The cessation of these options reduces the company’s pool of potential future equity dilution but also removes a possible source of additional capital, clarifying the company’s current issued capital structure for existing shareholders and the market.

The most recent analyst rating on (AU:EL8) stock is a Hold with a A$0.48 price target. To see the full list of analyst forecasts on Elevate Uranium Ltd stock, see the AU:EL8 Stock Forecast page.

Elevate Uranium Options Lapse Simplifies Capital Structure
Feb 3, 2026

Elevate Uranium Ltd has confirmed that 14,904,798 unlisted Class EL8AT options, each exercisable at $0.60, expired on 30 January 2026. The lapse of these options marginally simplifies the company’s capital structure by removing a tranche of potential equity dilution from its balance of outstanding securities.

The most recent analyst rating on (AU:EL8) stock is a Hold with a A$0.48 price target. To see the full list of analyst forecasts on Elevate Uranium Ltd stock, see the AU:EL8 Stock Forecast page.

Elevate Uranium Managing Director Increases Indirect Shareholding via Super Fund
Jan 22, 2026

Elevate Uranium Limited has disclosed changes in the securities held by Managing Director Murray Hill and his related entities, including his spouse and their self-managed superannuation fund. The notice details a net acquisition of 1,349,486 fully paid ordinary shares in Elevate Uranium at a price of A$0.245 per share through the Carmu Super Fund account, offset by disposals from Hill personally and his spouse. While the transaction does not alter control of the company, it marginally increases Hill’s indirect equity exposure, which may be interpreted by investors as a vote of confidence in Elevate Uranium’s prospects and align the director’s financial interests more closely with those of shareholders.

The most recent analyst rating on (AU:EL8) stock is a Hold with a A$0.38 price target. To see the full list of analyst forecasts on Elevate Uranium Ltd stock, see the AU:EL8 Stock Forecast page.

Elevate Uranium Issues Shares for Napperby Acquisition and Lodges Cleansing Notice
Dec 23, 2025

Elevate Uranium Ltd has issued 8,923,738 fully paid ordinary shares as part of the consideration to acquire Uranium Generation Pty Ltd from Core Lithium Ltd, linked to the Napperby uranium resource and associated high-grade exploration projects. The company has lodged a cleansing notice confirming that these shares were issued without a prospectus under the Corporations Act and that, by providing this notice, subsequent on-sale of the securities can occur under the relevant disclosure exemption, while also affirming its ongoing compliance with reporting and continuous disclosure obligations and indicating no undisclosed information material to investors’ assessment of the company or the new shares.

The most recent analyst rating on (AU:EL8) stock is a Hold with a A$0.29 price target. To see the full list of analyst forecasts on Elevate Uranium Ltd stock, see the AU:EL8 Stock Forecast page.

Elevate Uranium Seeks ASX Quotation for 8.9 Million New Shares
Dec 23, 2025

Elevate Uranium Ltd has applied for quotation on the ASX of 8,923,738 fully paid ordinary shares, issued on 22 December 2025. The move increases the number of tradeable securities on market under the EL8 code and reflects ongoing capital activity that may support the company’s future funding requirements and liquidity for existing and new shareholders.

The most recent analyst rating on (AU:EL8) stock is a Hold with a A$0.29 price target. To see the full list of analyst forecasts on Elevate Uranium Ltd stock, see the AU:EL8 Stock Forecast page.

Core Lithium Sells Non-Core Uranium Assets to Elevate for $5m to Refocus on Finniss
Dec 23, 2025

Core Lithium has completed the sale of its non-core uranium assets in the Northern Territory and South Australia to Elevate Uranium for a total consideration of A$5 million in cash and shares, plus a 1% net smelter royalty over any future production from the Napperby project tenement. The divestment, which delivers immediate working capital, is intended to sharpen Core’s strategic focus on restarting its flagship Finniss Lithium Project while retaining some exposure to potential future upside from the uranium portfolio via the royalty and equity stake in Elevate.

The most recent analyst rating on (AU:EL8) stock is a Hold with a A$0.29 price target. To see the full list of analyst forecasts on Elevate Uranium Ltd stock, see the AU:EL8 Stock Forecast page.

Elevate Uranium Boosts Resource Base With Strategic Napperby Acquisition
Dec 23, 2025

Elevate Uranium Ltd has completed the acquisition of Uranium Generation Pty Ltd from Core Lithium, adding the Napperby uranium resource in the Northern Territory and the high-grade Fitton and Entia exploration projects in South Australia and the Northern Territory to its portfolio. The deal lifts Elevate’s global mineral resource inventory to 169 million pounds of U3O8 and consolidates a Central Australian hub, with Napperby’s JORC-compliant 8.03-million-pound resource located just 25 km from the company’s Minerva project and considered amenable to its U-pgrade™ process, offering potential value uplift and resource growth through underexplored tenements in supportive Australian uranium jurisdictions.

The most recent analyst rating on (AU:EL8) stock is a Hold with a A$0.29 price target. To see the full list of analyst forecasts on Elevate Uranium Ltd stock, see the AU:EL8 Stock Forecast page.

Elevate Uranium Halts Trading Ahead of Material Acquisition Announcement
Dec 19, 2025

Elevate Uranium Ltd has requested and been granted a trading halt on its securities on the ASX as it finalises a material acquisition, with the halt effective from 19 December 2025. Trading in the company’s shares is expected to resume by 23 December 2025 or upon the release of further details on the acquisition, a move that signals a potentially significant expansion or strategic shift in Elevate Uranium’s operations and may have important implications for investors once the transaction is disclosed.

The most recent analyst rating on (AU:EL8) stock is a Hold with a A$0.29 price target. To see the full list of analyst forecasts on Elevate Uranium Ltd stock, see the AU:EL8 Stock Forecast page.

Elevate Uranium Ltd Announces Director’s Interest Change
Dec 17, 2025

Elevate Uranium Ltd announced a change in the director’s interest, specifically regarding Murray Hill’s holdings. The change involved the disposal of 1,900,000 unlisted options by Murray Philip Hill & Carol Ann Hill’s Carmu Super Fund A/C, with no new acquisitions reported. This adjustment in holdings could influence the company’s stock dynamics and investor perceptions, reflecting internal strategic decisions.

The most recent analyst rating on (AU:EL8) stock is a Hold with a A$0.29 price target. To see the full list of analyst forecasts on Elevate Uranium Ltd stock, see the AU:EL8 Stock Forecast page.

Elevate Uranium Ltd Announces Cessation of Securities
Dec 17, 2025

Elevate Uranium Ltd announced the cessation of 4,200,000 securities, specifically options that expired on December 16, 2025, without being exercised or converted. This cessation of securities may affect the company’s capital structure and could have implications for its financial strategy and stakeholder interests.

The most recent analyst rating on (AU:EL8) stock is a Hold with a A$0.29 price target. To see the full list of analyst forecasts on Elevate Uranium Ltd stock, see the AU:EL8 Stock Forecast page.

Elevate Uranium Ltd Announces Expiry of 4.2 Million Options
Dec 17, 2025

Elevate Uranium Ltd announced that 4,200,000 of its unlisted options, exercisable at $0.61 each, expired on December 16, 2025. This expiration may impact the company’s financial strategy and investor relations, as it involves a significant number of options that were not exercised, potentially affecting future capital-raising activities.

The most recent analyst rating on (AU:EL8) stock is a Hold with a A$0.29 price target. To see the full list of analyst forecasts on Elevate Uranium Ltd stock, see the AU:EL8 Stock Forecast page.

Elevate Uranium Nears Completion of U-pgrade™ Pilot Plant Commissioning
Dec 14, 2025

Elevate Uranium Ltd has successfully assembled and is nearing the completion of commissioning its proprietary U-pgrade™ Demonstration/Pilot Plant in Namibia. This development marks a significant milestone for the company, as it prepares to commence steady state operations in January 2026. The plant aims to validate the U-pgrade™ beneficiation process on a continuous operational basis, using ore from the Koppies and Marenica projects. The data collected will inform technical studies for these projects, potentially enhancing the company’s industry positioning and operational capabilities.

The most recent analyst rating on (AU:EL8) stock is a Hold with a A$0.29 price target. To see the full list of analyst forecasts on Elevate Uranium Ltd stock, see the AU:EL8 Stock Forecast page.

Elevate Uranium Ltd Issues New Unquoted Equity Securities
Dec 2, 2025

Elevate Uranium Ltd has announced the issuance of new unquoted equity securities, including options and rights, as part of a previously disclosed transaction. This issuance involves 2,865,711 unquoted options exercisable at $0.41, expiring in 2029, and a total of 1,305,699 rights with varying expiration dates. This move is part of the company’s strategic financial maneuvers to support its operations and growth, potentially impacting its market positioning and stakeholder interests.

The most recent analyst rating on (AU:EL8) stock is a Hold with a A$0.29 price target. To see the full list of analyst forecasts on Elevate Uranium Ltd stock, see the AU:EL8 Stock Forecast page.

Elevate Uranium Ltd Announces Director’s Acquisition of Service Options
Dec 2, 2025

Elevate Uranium Ltd announced a change in the director’s interest, with Scott Perry acquiring 695,837 service options exercisable at $0.41 per option, expiring on December 1, 2029. This acquisition, following shareholder approval, reflects a strategic move to align the director’s interests with the company’s growth objectives, potentially impacting its market positioning positively.

The most recent analyst rating on (AU:EL8) stock is a Hold with a A$0.29 price target. To see the full list of analyst forecasts on Elevate Uranium Ltd stock, see the AU:EL8 Stock Forecast page.

Elevate Uranium Ltd Grants Unlisted Securities to Directors
Dec 2, 2025

Elevate Uranium Ltd has announced the grant of unlisted securities following shareholder approval. These include service options and performance rights issued to the company’s directors and managing director, Murray Hill. The securities are structured to vest over several years, aligning with the company’s long-term strategic goals and performance indicators. This move is likely to strengthen the company’s leadership incentives and align their interests with shareholder value, potentially impacting its operational focus and market positioning.

The most recent analyst rating on (AU:EL8) stock is a Hold with a A$0.29 price target. To see the full list of analyst forecasts on Elevate Uranium Ltd stock, see the AU:EL8 Stock Forecast page.

Elevate Uranium Ltd Successfully Passes All Resolutions at AGM
Nov 27, 2025

Elevate Uranium Ltd announced the successful passing of all resolutions at its Annual General Meeting held on 27 November 2025. The resolutions included the adoption of the remuneration report, re-election of director Scott Perry, issuance of service options to key personnel, and approval of a 10% placement capacity. These decisions are likely to enhance the company’s governance and operational capacity, potentially impacting its strategic positioning in the uranium market.

The most recent analyst rating on (AU:EL8) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Elevate Uranium Ltd stock, see the AU:EL8 Stock Forecast page.

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

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Jan 20, 2026