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Enova Mining Limited
(Sydney:ENV)
Enova Mining Limited (ENV) vs. iShares MSCI Australia ETF (EWA)
Enova Mining Limited Business Overview & Revenue Model
Enova Mining Limited Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | -13.00K | 0.00 | 10.82K | 1.53K | 0.00 | 340.00 |
| Gross Profit | 6.15K | -6.85K | 10.82K | -2.71K | -4.24K | -3.90K |
| EBITDA | -1.77M | -6.76M | -387.04K | -134.50K | -131.84K | -133.34K |
| Net Income | -1.78M | -6.77M | -388.34K | -164.42K | -171.18K | -277.42K |
Balance Sheet | ||||||
| Total Assets | 10.31M | 9.58M | 5.98M | 4.86M | 4.60M | 4.48M |
| Cash, Cash Equivalents and Short-Term Investments | 566.00K | 133.21K | 939.06K | 226.20K | 64.64K | 49.08K |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 385.30K | 100.17K |
| Total Liabilities | 74.00K | 77.81K | 36.23K | 35.78K | 448.78K | 163.44K |
| Stockholders Equity | 10.24M | 9.50M | 5.94M | 4.83M | 4.15M | 4.32M |
Cash Flow | ||||||
| Free Cash Flow | -1.66M | -1.31M | -787.14K | -273.46K | -234.47K | -271.94K |
| Operating Cash Flow | -1.20M | -718.99K | -419.76K | -114.49K | -127.86K | -168.37K |
| Investing Cash Flow | -3.06M | -4.44M | -367.38K | -158.97K | -106.61K | -103.57K |
| Financing Cash Flow | 3.17M | 4.35M | 1.50M | 435.02K | 250.03K | 298.25K |
Enova Mining Limited Peers Comparison
Enova Mining Limited Corporate Events
Enova Mining Limited has applied to the ASX for quotation of 345,333,333 new ordinary fully paid shares, to be issued on 20 February 2026. The large share issuance, lodged via an Appendix 2A, signals a significant capital move that may underpin future project development or corporate initiatives, and could have implications for existing shareholders through potential dilution alongside enhanced funding capacity.
The application follows prior disclosure of the underlying transactions in an earlier Appendix 3B, indicating this step formalises the transition of previously announced securities to quoted status. By expanding its quoted capital base, Enova is strengthening its presence on the ASX, which may improve liquidity in its stock and support the company’s strategic objectives in the mining sector.
The most recent analyst rating on (AU:ENV) stock is a Sell with a A$0.01 price target. To see the full list of analyst forecasts on Enova Mining Limited stock, see the AU:ENV Stock Forecast page.
Enova Mining Limited has requested a trading halt on its ASX-listed securities, effective immediately, as it prepares to release an announcement regarding a proposed capital raising. The halt will remain in place until the announcement is made or normal trading resumes on 12 February 2026, signalling that the company is likely arranging new funding that could influence its capital structure and investor positioning.
ASX Compliance confirmed the halt, noting Enova is not aware of any reasons it should not be granted or of any additional information required for the market at this time. The pending capital raising may provide Enova with resources to advance its critical metals activities, with potential implications for existing shareholders depending on the structure and terms of the funding.
The most recent analyst rating on (AU:ENV) stock is a Sell with a A$0.01 price target. To see the full list of analyst forecasts on Enova Mining Limited stock, see the AU:ENV Stock Forecast page.
Enova Mining has reported initial diamond drilling results from its East Salinas rare earths project in Brazil, confirming ionic adsorption clay-style mineralisation within thick surface saprolite overlying the Medina Intrusive Granite Complex. Early assays from four of 14 holes show significant near-surface TREO grades and high NdPr ratios, with saprolite intersected in all holes and interpreted to extend over about four kilometres.
Management says the consistency, thickness and leachability of the saprolite clays indicate potential for a lower-cost development route and support East Salinas as a priority growth asset. The results increase geological confidence in an intrusive-hosted REE system, validate earlier geophysical indications of magnetic rare earth potential, and will guide further auger and diamond drilling as well as metallurgical testing, with a separate deep program planned at Charlie Creek to follow up high-grade REE mineralisation at depth.
The most recent analyst rating on (AU:ENV) stock is a Sell with a A$0.01 price target. To see the full list of analyst forecasts on Enova Mining Limited stock, see the AU:ENV Stock Forecast page.
Enova Mining reported strong progress across its Brazilian critical minerals portfolio for the December 2025 quarter, with auger drilling at the CODA East and CODA Central projects confirming widespread, near-surface titanium, rare earth element and niobium mineralisation, including multiple high-grade TiO₂ and TREO intercepts that extend the mineralised horizon and highlight the projects’ upside potential. At East Salinas, the company has completed more than 65% of its maiden diamond drilling program, targeting high-priority rare earth zones along a 4km strike in the well‑serviced Lithium Valley district, while concurrently building on-site infrastructure, advancing work on its Australian Charley Creek project, and reviewing additional REE and precious metal opportunities—steps that collectively aim to strengthen Enova’s position in the critical metals supply chain and create future value for stakeholders.
The most recent analyst rating on (AU:ENV) stock is a Sell with a A$0.01 price target. To see the full list of analyst forecasts on Enova Mining Limited stock, see the AU:ENV Stock Forecast page.
Enova Mining has completed more than 65% of its first-phase diamond drilling program at the East Salinas rare earth project in Brazil, advancing 652.21 metres across eight holes at the Bald Hill and Naked Hill prospects and now drilling a ninth hole at Hairy Hill. The 1,000-metre, 10–15-hole campaign is designed to test the depth and continuity of multiple high-priority REE targets along a 4km strike, following surface work that returned up to 2.17% TREO and elevated NdPr and heavy rare earth grades; early assay results expected in February are set to guide follow-up drilling and metallurgical test work, potentially underpinning a commercially viable concentrate and strengthening Enova’s positioning as an emerging REE player within Brazil’s strategically important Lithium Valley district.
The most recent analyst rating on (AU:ENV) stock is a Sell with a A$0.01 price target. To see the full list of analyst forecasts on Enova Mining Limited stock, see the AU:ENV Stock Forecast page.