tiprankstipranks
Trending News
More News >
Eclipse Metals Ltd. (AU:EPM)
ASX:EPM

Eclipse Metals Ltd. (EPM) AI Stock Analysis

Compare
10 Followers

Top Page

AU:EPM

Eclipse Metals Ltd.

(Sydney:EPM)

Select Model
Select Model
Select Model
Neutral 51 (OpenAI - 5.2)
Rating:51Neutral
Price Target:
AU$0.03
▲(45.00% Upside)
The score is held back primarily by weak financial performance, driven by ongoing losses, sharply negative margins, and negative operating/free cash flow despite low leverage. Technicals provide some support as the stock is trading above key moving averages, but overbought readings raise pullback risk. Valuation is also a headwind because the company is loss-making (negative P/E) and has no dividend yield provided.
Positive Factors
Low leverage / strong balance sheet buffer
Minimal debt and a growing equity base provide a durable capital buffer that reduces near-term refinancing risk for an exploration company. This structural strength lengthens runway for continued project work and lowers solvency pressure until operations can generate cash.
Improving cash-flow dynamics vs. net loss
While still negative, operating cash flow and free cash flow trends show moderation versus accounting losses. FCF being consistently less negative than net income suggests non-cash charges and improving cash conversion, a durable positive if the trajectory continues and reduces external funding reliance.
Gross profit has improved
Improving gross profit points to better project economics or cost control at the operational level. If sustained, higher gross margins create a clearer path to operating leverage and eventual breakeven, supporting long-term project viability and value capture from discoveries.
Negative Factors
Persistent, deeply negative profitability
Chronic negative EBIT and extremely deep net margins indicate the cost base far exceeds current revenue, eroding returns and shareholder value. Over months this heightens financing needs and raises execution risk if operating losses are not materially reduced.
Very small and declining revenue
Low and falling revenue undermines the company's ability to absorb fixed exploration and administrative costs. Without a sustained reversal, limited top-line growth constrains margin recovery and forces continued reliance on external capital, a structural headwind for development.
Chronic negative cash generation; capital reliance
Consistent negative operating and free cash flow means the firm cannot self-fund exploration or development. Over a multi-month horizon this necessitates recurring financings, increasing dilution risk and limiting strategic optionality for advancing projects toward monetization.

Eclipse Metals Ltd. (EPM) vs. iShares MSCI Australia ETF (EWA)

Eclipse Metals Ltd. Business Overview & Revenue Model

Company DescriptionEclipse Metals Limited operates as a mineral exploration and mining development company in Australia. The company explores for uranium, palladium, cryolite, fluorite, siderite, quartz, rare earth elements, gold, platinum group metals, manganese, and vanadium. It holds a portfolio of approximately 8,044 square kilometers covering 19 mineral tenements in the Northern Territory and Queensland. The company was formerly known as Eclipse Uranium Limited and changed its name to Eclipse Metals Limited in June 2012. Eclipse Metals Limited was incorporated in 2010 and is based in West Perth, Australia.
How the Company Makes MoneyEclipse Metals Ltd. generates revenue through the exploration, development, and potential sale or joint venture of its mineral resource projects. The company's primary revenue streams include the extraction and sale of minerals such as uranium and manganese, as well as potential royalties or revenue-sharing agreements from joint ventures with other mining companies. Significant partnerships, such as collaborations with industry leaders or investors, can also contribute to its earnings by providing the necessary capital and expertise to advance its projects toward production. Additionally, fluctuations in commodity prices and successful exploration results can significantly impact the company's financial performance.

Eclipse Metals Ltd. Financial Statement Overview

Summary
Eclipse Metals Ltd. is facing significant financial challenges, particularly in generating revenue and profits. The strong equity position provides some stability, but the company struggles with negative net income and cash flow issues. The low leverage is a positive aspect, reducing financial risk, but the overall financial health is concerning.
Income Statement
18
Very Negative
Eclipse Metals Ltd. has faced a significant decline in revenues and profitability. The company reported zero revenue in the latest year, indicating a downturn from the previous period. The consistent negative net income and EBIT margins highlight ongoing financial challenges.
Balance Sheet
72
Positive
The company maintains a strong equity base with a high equity ratio, indicating financial stability. However, the presence of negative net income affects the return on equity. The low debt-to-equity ratio suggests minimal leverage, which is positive for risk management.
Cash Flow
32
Negative
Eclipse Metals Ltd. has experienced negative free cash flow growth, indicating cash management issues. Despite positive financing cash flows, operating cash flow remains negative, impacting sustainability. The operating cash flow to net income ratio is unfavorable, underscoring cash flow challenges.
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue4.76K4.76K8.80K12.57K12.04K309.00
Gross Profit4.76K4.76K8.80K-4.88K-6.38K-1.25K
EBITDA0.000.0050.84K-2.51M-1.30M-626.99K
Net Income-1.03M-1.03M-1.30M-2.50M-1.32M-629.06K
Balance Sheet
Total Assets16.06M16.06M14.11M13.37M9.92M11.07M
Cash, Cash Equivalents and Short-Term Investments2.14M2.14M405.93K879.59K659.75K1.81M
Total Debt0.000.00366.49K16.55K16.55K17.17K
Total Liabilities499.13K499.13K632.06K177.90K64.93K498.63K
Stockholders Equity15.62M15.62M13.53M13.25M9.88M10.59M
Cash Flow
Free Cash Flow-924.25K-924.25K-1.30M-1.66M-1.41M-897.95K
Operating Cash Flow-713.86K-713.86K-1.05M-1.10M-1.39M-689.02K
Investing Cash Flow-210.39K-210.39K-251.60K-562.68K-124.03K-319.80K
Financing Cash Flow2.66M2.66M829.00K1.88M364.10K1.86M

Eclipse Metals Ltd. Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
61
Neutral
$10.43B7.12-0.05%2.87%2.86%-36.73%
55
Neutral
AU$165.24M-93.33-8.09%-275.00%
52
Neutral
AU$158.35M-41.16-2.30%12.50%
52
Neutral
AU$45.10M-3.09-15.13%23.60%
51
Neutral
AU$95.46M-72.50-7.13%33.33%
50
Neutral
AU$77.48M-24.21-100.11%-26.67%
43
Neutral
AU$41.44M-6.89-13.86%-12.34%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:EPM
Eclipse Metals Ltd.
0.03
0.01
93.33%
AU:MEU
Marmota Limited
0.14
0.08
150.00%
AU:GL1
Global Lithium Resources Ltd.
0.61
0.43
236.11%
AU:ARD
Argent Minerals Limited
0.05
0.03
170.59%
AU:BKT
Black Rock Mining Limited
0.02
-0.01
-41.67%
AU:LEL
Lithium Energy Ltd.
0.37
0.00
0.00%

Eclipse Metals Ltd. Corporate Events

Eclipse Metals Advances Metallurgical Test Work at Greenland Rare Earths Project
Jan 13, 2026

Eclipse Metals has begun preliminary metallurgical test work on its Grønnedal rare earths project in Greenland, initiating a Wet High-Intensity Magnetic Separation (WHIMS) program using seven composite samples from historic drill material stored in Australia. The company has also logged and sampled core from its 2025 diamond drilling campaign, which is en route to ALS Laboratories in Perth for analysis ahead of further metallurgical studies, as it advances flowsheet design and continues government-aligned engagement with Western stakeholders to position Grønnedal within strategic critical minerals supply chains.

The most recent analyst rating on (AU:EPM) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Eclipse Metals Ltd. stock, see the AU:EPM Stock Forecast page.

Eclipse Metals Issues New Shares in Compliance with Corporations Act
Dec 11, 2025

Eclipse Metals Ltd has announced the issuance of fully paid ordinary shares without disclosure under Part 6D.2 of the Corporations Act, complying with relevant sections of the Act. This move indicates the company’s adherence to regulatory requirements and suggests a strategic approach to capital management, potentially impacting its market operations and investor relations.

Eclipse Metals Ltd. Announces Quotation of New Shares on ASX
Dec 11, 2025

Eclipse Metals Ltd. announced the issuance and quotation of 1,250,000 ordinary fully paid shares on the Australian Securities Exchange (ASX) as of December 11, 2025. This move is part of the company’s strategy to strengthen its financial position and support its ongoing exploration and development projects, potentially impacting its market presence and investor relations positively.

Eclipse Metals Director Acquires Significant Shareholding
Dec 8, 2025

Eclipse Metals Limited announced a change in the director’s interest, with Alfred John Gillman acquiring 8,000,000 fully paid ordinary shares. This acquisition was made through an issue of shares approved by the company’s shareholders, potentially impacting the company’s governance and signaling confidence in its future prospects.

Eclipse Metals Ltd Issues New Shares in Compliance with Corporations Act
Dec 8, 2025

Eclipse Metals Ltd has announced the issuance of fully paid ordinary shares without disclosure under Part 6D.2 of the Corporations Act, in compliance with relevant legal provisions. This move signifies the company’s adherence to regulatory requirements and may impact its financial operations by potentially increasing its capital base.

Eclipse Metals Ltd. Announces Quotation of New Securities on ASX
Dec 8, 2025

Eclipse Metals Ltd. has announced the quotation of 8,000,000 fully paid ordinary securities on the ASX, effective December 8, 2025. This move is part of the company’s strategic efforts to enhance its capital structure and support its ongoing exploration and development activities, potentially impacting its market presence and providing opportunities for stakeholders.

Eclipse Metals Ltd. Issues New Securities Under Employee Incentive Plan
Dec 8, 2025

Eclipse Metals Ltd. has announced the issuance of 2,000,000 fully paid ordinary securities under its Company Employee Incentive Securities Plan, with the securities set to be quoted on the Australian Securities Exchange. This move is expected to incentivize employees and align their interests with the company’s growth objectives, potentially impacting the company’s operational efficiency and market positioning positively.

Eclipse Metals Ltd Announces New Option Quotation
Nov 28, 2025

Eclipse Metals Ltd has announced the application for the quotation of options exercisable at $0.05 each, with an expiration date of October 22, 2027. This move could potentially enhance the company’s financial flexibility and market presence, as a significant portion of these options are held by a small number of stakeholders, indicating concentrated interest and investment in the company’s future prospects.

Eclipse Metals Ltd. Issues New Quoted Options
Nov 28, 2025

Eclipse Metals Ltd. announced the issuance of 71,111,106 new quoted options exercisable at $0.05 each, set to expire on October 22, 2027. This move is likely to enhance the company’s financial flexibility and could impact its market positioning by potentially increasing its capital base, offering stakeholders an opportunity for future investment returns.

Eclipse Metals Ltd Successfully Passes All AGM Resolutions
Nov 27, 2025

Eclipse Metals Ltd announced that all resolutions proposed at its recent annual general meeting were passed by poll. This includes the re-election of directors and the approval of various financial and operational measures, which are expected to support the company’s strategic initiatives and enhance shareholder value.

Eclipse Metals Ltd. Announces Prospectus for Listed Options
Nov 26, 2025

Eclipse Metals Ltd. has announced a prospectus for an offer of up to 10,000 listed options at no issue price, aiming to remove trading restrictions on these options before the closing date of November 26, 2025. This move is intended to enhance liquidity and flexibility for stakeholders, although the options are considered speculative and the offer is not underwritten.

Eclipse Metals Strengthens U.S. Ties to Advance Greenland Rare Earth Strategy
Nov 26, 2025

Eclipse Metals Ltd has engaged BGR Group, a leading U.S. strategic advisory firm, to enhance its engagement with U.S. government and defense agencies, aiming to strengthen its position in securing funding and partnerships for its Greenland rare earths strategy. This move is part of Eclipse’s broader trans-Atlantic strategy to align its operations with Western supply chain priorities, positioning its Greenland assets as key contributors to the U.S. and European critical minerals supply chain, thereby increasing its visibility and potential for strategic partnerships and funding.

Eclipse Metals Completes Drilling at Ivigtût Project, Greenland
Nov 24, 2025

Eclipse Metals Ltd has completed its 2025 diamond drilling program at the Ivigtût Project in Greenland, targeting the Ivigtut Intrusive. The drilling confirmed a polymetallic, rare earth element-fertile system with significant carbonatite-related alteration, indicating potential for high-value mineral resources. The presence of various sulphide phases and fluorescent REE-associated mineral grains suggests promising prospects for further exploration and development, potentially enhancing the company’s position in the critical minerals market.

Eclipse Metals Announces Cessation of Securities
Nov 20, 2025

Eclipse Metals Ltd. announced the cessation of 31,933,333 securities due to the expiry of options that were not exercised or converted by November 18, 2025. This cessation reflects a routine adjustment in the company’s issued capital, which may impact its financial structure and shareholder interests.

Eclipse Metals Issues New Shares in Compliance with Corporations Act
Nov 18, 2025

Eclipse Metals Ltd has announced the issuance of fully paid ordinary shares without disclosure under the Corporations Act, complying with relevant legal provisions. This move is part of their ongoing corporate activities and reflects their adherence to regulatory requirements, potentially impacting their financial operations and investor relations.

Eclipse Metals Ltd. Announces New Securities Issuance
Nov 18, 2025

Eclipse Metals Ltd. has announced the issuance of 148,066,667 fully paid ordinary securities, which will be quoted on the Australian Securities Exchange (ASX) under the code EPM. This move is part of the company’s strategy to enhance its capital structure and potentially improve its market positioning, offering stakeholders an opportunity to engage with its growth prospects.

Eclipse Metals Confirms Continuous Carbonatite System in Greenland
Nov 6, 2025

Eclipse Metals Ltd has confirmed continuous carbonatite mineralisation at its Grønnedal prospect in Greenland, following over 700 meters of diamond drilling. This discovery supports the existing mineral resource estimate and positions Grønnedal as a significant rare-earth source for the EU and North America. Additionally, drilling at the Ivigtût site aims to explore multi-commodity mineralisation, further strengthening Eclipse’s role in Greenland’s emerging critical minerals sector.

Eclipse Metals Advances Greenland Projects and Plans NASDAQ Listing
Oct 29, 2025

Eclipse Metals Ltd has made significant strides in its Greenland rare earths projects and Australian uranium portfolio during the quarter ending 30 September 2025. The company is advancing diamond drilling at the Grønnedal Rare Earth deposit in Greenland and has renewed its Ivigtût Project license, strengthening its position in the rare earth supply chain. Additionally, Eclipse Metals plans to pursue a dual listing on the NASDAQ Stock Market to increase its visibility and attract North American investors, further aligning with Western supply chains for critical materials.

Eclipse Metals Ltd Issues Shares in Compliance with Corporations Act
Oct 22, 2025

Eclipse Metals Ltd announced the issuance of fully paid ordinary shares without disclosure under Part 6D.2 of the Corporations Act, in compliance with relevant legal provisions. This move indicates the company’s adherence to regulatory requirements and suggests a strategic approach to capital management, potentially impacting its financial operations and investor relations.

Eclipse Metals Ltd. Issues New Unquoted Options
Oct 22, 2025

Eclipse Metals Ltd. has announced the issuance of 71,111,106 unquoted options, exercisable at $0.05 each, with a maturity date of October 22, 2027. This strategic move is part of a previously announced transaction, potentially impacting the company’s financial strategy and stakeholder interests by providing additional capital for future operations.

Eclipse Metals Ltd. Announces Quotation of New Securities on ASX
Oct 22, 2025

Eclipse Metals Ltd. has announced the quotation of 133,333,331 fully paid ordinary securities on the Australian Securities Exchange (ASX) as part of a previously announced transaction. This move is expected to enhance the company’s capital structure and potentially improve its market positioning, offering stakeholders increased liquidity and investment opportunities.

Eclipse Metals Accelerates Drilling at Greenland Rare Earth Project
Oct 15, 2025

Eclipse Metals Ltd has initiated diamond drilling at its Grønnedal Rare Earth Deposit in Greenland, part of its Ivigtût Project, following a $4 million capital raise aimed at accelerating drilling and metallurgical programs. This effort targets expanding the 89Mt Inferred Resource and enhancing resource classification, with a focus on neodymium and praseodymium, essential for electric vehicles and defense technologies. The strategic move aligns with global concerns over rare earth supply-chain security and positions Eclipse as a significant player in the Western rare earth supply chain, with plans for a potential Nasdaq dual listing to strengthen ties with U.S. investors.

Eclipse Metals Ltd to Pursue NASDAQ Listing for Enhanced Global Reach
Oct 15, 2025

Eclipse Metals Ltd has announced plans to pursue a dual listing on the NASDAQ Stock Market to enhance its global visibility and access North American investors, aligning with its strategic focus on rare earth elements and critical minerals. This move is expected to provide broader investor access, improved liquidity, and greater access to U.S.-based funding and partnerships, thereby strengthening Eclipse’s position in the critical minerals sector and supporting its contributions to the global shift toward a low-carbon economy.

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 14, 2026