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Evolution Energy Minerals Limited
(Sydney:EV1)
Evolution Energy Minerals Limited (EV1) vs. S&P 500 (SPY)
Evolution Energy Minerals Limited Business Overview & Revenue Model
Evolution Energy Minerals Limited Financial Statement Overview
| Breakdown | ||||
| TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | Gross Profit |
| 0.00 | -17.95K | -12.12K | -4.19K | -21.35K | EBIT |
| -3.88M | -10.04M | -13.73M | -7.87M | -453.04K | EBITDA |
| -3.93M | -10.56M | -13.54M | -7.87M | -431.69K | Net Income Common Stockholders |
| -4.66M | -11.06M | -13.89M | -8.86M | -353.83K |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 1.17M | 3.07M | 4.44M | 5.37M | 22.45K | Total Assets |
| 7.35M | 8.78M | 10.18M | 10.82M | 5.06M | Total Debt |
| 0.00 | 0.00 | 0.00 | 0.00 | 8.73M | Net Debt |
| -1.17M | -3.07M | -4.44M | -5.37M | 8.71M | Total Liabilities |
| 765.61K | 615.85K | 1.09M | 461.30K | 8.81M | Stockholders Equity |
| 6.36M | 7.68M | 9.09M | 10.36M | -3.75M |
| Cash Flow | Free Cash Flow | |||
| ― | -10.67M | -13.43M | -5.61M | -363.06K | Operating Cash Flow |
| ― | -10.60M | -13.40M | -5.56M | -363.06K | Investing Cash Flow |
| ― | ― | -29.27K | -45.02K | 0.00 | Financing Cash Flow |
| ― | 9.35M | 12.32M | 11.18M | 0.00 |
Evolution Energy Minerals Limited Technical Analysis
Evolution Energy Minerals Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
49 Neutral | $1.96B | -1.15 | -21.28% | 3.71% | 1.17% | -30.86% | |
46 Neutral | AU$172.93M | 97.14 | 1.05% | ― | ― | ― | |
44 Neutral | $297.04M | ― | -33.63% | ― | -33.27% | -10.07% | |
33 Underperform | AU$23.42M | ― | -16.04% | ― | ― | 69.23% | |
32 Underperform | AU$29.39M | ― | -18.38% | ― | ― | 10.42% | |
26 Underperform | AU$3.26M | ― | -125.86% | ― | ― | 54.64% |
Evolution Energy Minerals Limited Corporate Events
Evolution Energy Minerals Limited has initiated a strategic review aimed at cost reduction and commenced an Early Contractor Involvement process for its Chilalo natural flake graphite project in Tanzania. The company is also negotiating a farm-out agreement for its Chikundu Cu-Pb-Zn VHMS Prospect with Oscillate plc, which could see Oscillate earn a 100% interest by funding exploration expenditures. These steps are part of Evolution’s efforts to optimize financial management and maximize shareholder value while maintaining the strategic value of its projects.
Evolution Energy Minerals Limited has announced a strategic transition involving a comprehensive review of its Chilalo Graphite Project and potential future transactions. As part of this transition, the company is implementing cost rationalization measures, including changes in its executive team. The Board has appointed new executives to guide the company through this phase, emphasizing continuity and shareholder value maximization.
Evolution Energy Minerals Limited has appointed Mr. Paul Atherley as the Non-Executive Chair of the company. Mr. Atherley, an experienced resources executive based in London, also chairs Pensana Plc and Alkemy Capital Investments Plc, and serves as a senior advisor to ARCH Sustainable Resources Fund LP, Evolution’s major shareholder. This strategic leadership change is expected to strengthen Evolution’s board and enhance its industry positioning.
Evolution Energy Minerals Limited has announced the appointment of Paul Atherley as a director, effective April 7, 2025. The announcement does not indicate any current securities or contracts held by the new director, suggesting a neutral impact on the company’s immediate operations and market positioning.
Evolution Energy Minerals Limited announced the resignation of Mr. Robin Birchall as Non-Executive Chair and Director, with Mr. Paul Atherley set to join the board as a Non-Executive Director, pending standard background checks. Mr. Atherley, nominated by the company’s major shareholder ARCH Sustainable Resources Fund LP, brings extensive experience in the resources sector, potentially strengthening Evolution’s strategic positioning.
Evolution Energy Minerals Limited has issued a clarification regarding its recent announcement about a farm-out agreement with Oscillate Plc for the Chikundo VHMS prospect. The company emphasized that the term sheet is non-binding, except for exclusivity clauses, and that the completion of the transaction is contingent upon negotiating and executing definitive agreements by May 31, 2025. This clarification aims to ensure investors understand the non-binding nature of the current agreement and avoid any misconceptions about the transaction’s status.
Evolution Energy Minerals Limited has entered into a binding term sheet with Oscillate Plc to farm out up to 100% of its interest in the Chikundo VHMS prospect, located within the Chilalo Graphite Project tenements. This agreement will allow Oscillate to fund exploration activities and potentially acquire Evolution’s stake, facilitating dedicated investment and exploration in the Chikundo area. This move aligns with Evolution’s strategy to focus on the Chilalo Graphite Project, potentially transforming the area into a multi-commodity mining hub, benefiting all stakeholders involved.
The trading suspension of Evolution Energy Minerals Limited’s securities will be lifted on 20 March 2025 following the submission of their half-year report for the period ending 31 December 2024. This reinstatement to quotation marks a significant step for the company, potentially impacting its market position and offering renewed opportunities for stakeholders.
Evolution Energy Minerals Limited, listed on the Australian Securities Exchange under the stock code EV1, has released its interim financial report for the half-year ended 31 December 2024. The report provides insights into the company’s financial performance and strategic direction, although specific financial figures and forward-looking statements are not disclosed in this summary.
Evolution Energy Minerals Limited, along with several other companies, has been suspended from quotation on the ASX due to not lodging the required periodic report by the due date. This suspension could impact the company’s market operations and investor confidence until compliance is achieved and trading resumes.
Evolution Energy Minerals Limited has reaffirmed its commitment to the Chilalo Graphite Project, highlighting the stability of its Mineral Resource and Ore Reserve estimates. The company holds an 84% interest in the project, with the remaining 16% owned by the Government of Tanzania. However, the company faces uncertainties regarding its agreements with BTR, as certain conditions, such as securing necessary finance and commencing construction by March 2024, remain pending. Investors are cautioned about the potential risks associated with these transactions, as their finalization is not guaranteed.
Evolution Energy Minerals Limited has provided an update on the Chikundo VHMS prospect within its Chilalo Graphite Project area in Tanzania, revealing promising results from recent field activities. The discovery of significant gossanous material and high base metal values from soil and rock samples, along with historical drilling data, underscores the potential for an extensive Volcanic Hosted Massive Sulphide system within their tenements. This advancement highlights the company’s strategic positioning in the mining sector, potentially bolstering their exploration and development efforts while offering substantial implications for stakeholders, including investors and regional economic development.