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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)
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Neutral 50 (OpenAI - 5.2)
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Neutral 50 (OpenAI - 5.2)
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Neutral 50 (OpenAI - 5.2)
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Neutral 50 (OpenAI - 5.2)
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Neutral 50 (OpenAI - 5.2)
Rating:50Neutral
Price Target:
AU$0.29
▼(-14.71% 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
Low debt-to-equity and conservative leverage reduce financing and solvency risk for an exploration company. This balance sheet conservatism preserves runway for drilling and studies, provides flexibility to withstand commodity cycles, and supports orderly project advancement.
Focused uranium project portfolio (Namibia)
A concentrated portfolio of uranium projects in a single jurisdiction enables focused technical expertise, streamlined permitting and operational planning. That specialization supports efficient allocation of scarce exploration capital and clearer milestones toward resource definition and development.
Revenue increase with positive gross margin
An improving top line combined with a positive gross margin suggests early operational efficiencies or revenue-generating activities. Over the medium term this trend can support margin sustainability as the company scales studies and de-risks projects ahead of potential development.
Negative Factors
Ongoing unprofitable operations
Persistent negative net income and EBIT indicate structural unprofitability that will deplete equity without corrective action. Continued losses constrain reinvestment in projects, increase reliance on external funding, and can delay or dilute the path to development and production.
Negative operating and free cash flows
Negative operating and free cash flows mean the company cannot self-fund exploration or studies. This ongoing cash burn elevates execution risk for project milestones, compresses strategic flexibility, and forces timing dependence on capital markets for continued operations.
Reliance on capital raisings for funding
A structural dependence on equity and other financings exposes shareholders to dilution and ties project pacing to market access. Reliance on capital raises increases vulnerability to market conditions and can constrain long-term planning and timely progression of development programs.

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 is a pre-revenue minerals exploration and development company; it does not typically generate recurring operating revenue from selling products or services while it is exploring and evaluating deposits. If it were to make money, it would generally be through (i) developing a uranium project into production and selling uranium (e.g., U3O8) under offtake/sales contracts, and/or (ii) monetising assets by selling project interests, joint venturing projects, or selling the company, potentially along with any mineral rights/royalties. In practice, its funding is commonly sourced from capital raisings (issuing equity and/or other financing) to support exploration, studies, permitting, and project advancement. Specific details on current revenue streams, offtake agreements, or material revenue-generating partnerships are not available; therefore these items are null.

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.
BreakdownTTMJun 2025Jun 2024Jun 2023Jun 2022Jun 2021
Income Statement
Total Revenue768.50K768.50K182.000.000.000.00
Gross Profit813.11K768.50K-121.67K-117.68K-85.52K-54.29K
EBITDA-11.03M-11.85M-10.62M-8.51M-5.68M-2.66M
Net Income-10.99M-12.32M-10.75M-8.63M-5.73M-2.60M
Balance Sheet
Total Assets45.64M25.46M13.26M12.54M19.33M9.96M
Cash, Cash Equivalents and Short-Term Investments36.65M21.71M10.83M10.06M15.81M6.66M
Total Debt390.56K432.41K74.21K146.03K177.27K99.29K
Total Liabilities1.52M1.57M1.48M1.02M838.59K429.54K
Stockholders Equity44.12M23.89M11.78M11.52M18.49M9.53M
Cash Flow
Free Cash Flow-13.74M-11.71M-9.31M-5.90M-4.49M-2.40M
Operating Cash Flow-13.27M-11.62M-9.24M-5.83M-4.38M-2.33M
Investing Cash Flow-3.50M-714.24K-73.79K-74.52K-137.62K-61.28K
Financing Cash Flow23.13M23.22M10.09M158.86K13.67M7.99M

Elevate Uranium Ltd Technical Analysis

Technical Analysis Sentiment
Negative
Last Price0.34
Price Trends
50DMA
0.36
Negative
100DMA
0.33
Negative
200DMA
0.32
Negative
Market Momentum
MACD
-0.02
Positive
RSI
37.36
Neutral
STOCH
9.69
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:EL8, the sentiment is Negative. The current price of 0.34 is below the 20-day moving average (MA) of 0.34, below the 50-day MA of 0.36, and above the 200-day MA of 0.32, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 37.36 is Neutral, neither overbought nor oversold. The STOCH value of 9.69 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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%
50
Neutral
AU$135.13M-4.98-47.19%1.38%
46
Neutral
$247.95M-2.14-7.27%-100.00%49.49%
46
Neutral
AU$18.87M-30.09-1.07%8.33%
43
Neutral
AU$122.33M-6.08-17.88%-75.25%
43
Neutral
AU$194.14M-16.35-12.34%-67.12%
40
Underperform
AU$7.18M-2.50-82.81%-141.67%
* Energy Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:EL8
Elevate Uranium Ltd
0.29
0.08
38.10%
AU:AEE
Aura Energy
0.12
<0.01
4.35%
AU:BKY
Berkeley Energia
0.44
<0.01
1.16%
AU:PEN
Peninsula Energy
0.58
0.09
18.61%
AU:ZEU
Zeus Resources Ltd.
0.01
0.00
0.00%
AU:EME
Energy Metals Ltd
0.09
0.02
38.46%

Elevate Uranium Ltd Corporate Events

Elevate Uranium Releases Half-Year Financial Report for December 2025
Mar 12, 2026

Elevate Uranium Ltd has released its half-year financial report for the period ended 31 December 2025, providing consolidated financial statements and accompanying notes. The report includes profit or loss and other comprehensive income, financial position, changes in equity, and cash flows, along with directors’ and auditors’ declarations, offering stakeholders a formal update on the company’s financial performance and position over the half year.

While detailed figures are not included in the release excerpt, the publication of the half-year report signals routine financial transparency and regulatory compliance for Elevate Uranium. This disclosure allows shareholders and potential investors to assess the company’s financial health, operational progress, and governance standards during a period of ongoing activity in the uranium and broader energy markets.

The most recent analyst rating on (AU:EL8) stock is a Hold with a A$0.32 price target. To see the full list of analyst forecasts on Elevate Uranium Ltd stock, see the AU:EL8 Stock Forecast page.

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.

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