EV Resources Limited (EVR) AI Stock Analysis

• Market Cap: €20.05M
• Dividend Yield: N/A
• Average Volume (3M): 19.28M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.15
• Revenue Growth: N/A
• EPS Growth: 63.83%
• Country: AU
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 65
• Industry: Industrial Materials
• EPS (TTM): >-0.01
• Shares Outstanding: 2,227,503,400
• 10 Day Avg. Volume: 19,280,257
• 30 Day Avg. Volume: 19,280,257
• PEG Ratio: -0.14
• Price to Book (P/B): 1.80
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -4.54
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 34 Underperform
• Price Target: ―

EV Resources Limited is facing significant challenges with continuous financial losses and no revenue generation, heavily impacting its financial performance. The balance sheet is moderately stable, but increasing net debt and negative cash flows are concerning. Technical analysis provides limited insights, and valuation metrics highlight the company's current unprofitability. Strategic improvements are necessary to enhance financial sustainability.

EV Resources Limited Business Overview & Revenue Model

Company Description

EV Resources Limited (EVR) is a company engaged in the exploration and development of mineral resources with a focus on materials critical to the electric vehicle and battery sectors. The company is primarily involved in identifying and acquiring strategic mineral assets that are essential for the production of batteries and electric vehicles, including lithium, nickel, and cobalt. EV Resources Limited aims to support the transition to sustainable energy solutions by securing and developing these critical resources.

How the Company Makes Money

EV Resources Limited generates revenue primarily through the exploration and potential development of mineral resources. The company makes money by acquiring promising mineral properties and conducting extensive exploration activities to assess their viability. Once valuable deposits are confirmed, EV Resources may either develop these resources into operational mines or sell the rights to other mining companies or investors. The company may also engage in joint ventures or partnerships with larger mining firms to co-develop projects, sharing both costs and profits. Additionally, EV Resources could generate income through the sale of extracted minerals to manufacturers in the electric vehicle and battery industries, leveraging the rising demand for these materials. Significant factors contributing to its earnings include the market demand for electric vehicles, global mineral prices, and the successful execution of its exploration and development projects.

EV Resources Limited Financial Statement Overview

Summary

EV Resources Limited faces significant financial challenges with no revenue generation and continuous losses impacting profitability metrics. The balance sheet is relatively stable but strained by increasing net debt. Cash flows are negative, relying heavily on external financing for operations, highlighting the need for strategic improvements to ensure sustainability.

Income Statement

The company has reported zero revenue over the past two years, indicating a challenging operating environment. Gross profit margin and net profit margin remain negative due to consistent losses, impacting profitability significantly. The EBIT and EBITDA margins are also negative, reflecting operational inefficiencies.

Balance Sheet

The balance sheet shows a high level of equity compared to liabilities, with an equity ratio of 76.35%. However, net debt has increased recently, and the debt-to-equity ratio is 0.18, indicating some leverage. Return on Equity remains negative due to continuous losses, which is concerning for shareholders.

Cash Flow

The cash flow statement reflects negative operating and free cash flow, indicating cash burn. The operating cash flow to net income ratio is negative due to consistent losses. The company relies on financing activities to support operations, which is unsustainable in the long term.

Breakdown	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement
Total Revenue	0.00	0.00	15.72K	0.00	864.00
Gross Profit	-5.52K	-2.99K	11.45K	-3.62K	440.00
EBITDA	-2.85M	-4.40M	-3.06M	-3.00M	-1.97M
Net Income	-3.39M	-5.22M	-2.34M	-3.03M	-1.96M
Balance Sheet
Total Assets	9.41M	6.45M	10.32M	4.68M	3.15M
Cash, Cash Equivalents and Short-Term Investments	403.19K	513.84K	4.94M	1.68M	965.17K
Total Debt	1.27M	0.00	0.00	0.00	0.00
Total Liabilities	2.58M	663.26K	451.64K	527.38K	220.70K
Stockholders Equity	7.18M	5.94M	9.87M	4.13M	2.93M
Cash Flow
Free Cash Flow	-5.98M	-4.43M	-4.03M	-2.56M	-1.37M
Operating Cash Flow	-2.61M	-1.93M	-2.33M	-1.69M	-659.75K
Investing Cash Flow	-2.47M	-2.49M	-1.70M	-1.01M	-708.92K
Financing Cash Flow	4.96M	0.00	7.29M	3.46M	326.00K

EV Resources Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
RMS	76 Outperform	$2.91B	8.22	26.42%	2.39%	54.37%	310.22%
CHN	57 Neutral	AU$715.81M	―	-16.63%	―	―	57.93%
ARL	51 Neutral	$89.43M	―	-15.37%	―	―	-34.41%
TLM	51 Neutral	$32.96M	―	-20.67%	―	―	4.00%
PNR	47 Neutral	€1.18B	―	-6.95%	―	96.77%	56.22%
Sector *	44 Neutral	AU$1.45B	-6.10	-40.74%	3.85%	-3.45%	-41.76%
EVR	34 Underperform	€20.05M	―	-35.98%	―	―	63.83%

EV Resources Limited Corporate Events

EV Resources Expands Antimony Portfolio with Strategic Acquisitions in Mexico and USA

EV Resources Limited has secured agreements to acquire significant stakes in two antimony projects: a 70% interest in the Los Lirios Antimony Mine in Oaxaca, Mexico, and 49 unpatented claims in the Coyote Creek Antimony Project in Utah, USA. These acquisitions are part of EVR’s strategic move into the antimony market, which is currently undersupplied. The Los Lirios project includes historic open pit and underground workings, with high-grade antimony samples reported. Meanwhile, the Coyote Creek project encompasses historical mining claims, with a past resource estimate indicating substantial antimony potential. These initiatives position EVR to capitalize on the growing demand for antimony, especially in the US, which currently imports all its antimony concentrates.

EV Resources Sells La Cienega Project to Focus on Core Operations

EV Resources Limited has announced the sale of its La Cienega Project in Arizona to Magnum Mining and Exploration Limited. This strategic move allows EV Resources to concentrate on its core projects while benefiting from a 2% net smelter return royalty from any minerals produced at La Cienega. The transaction is contingent upon the completion of due diligence and necessary approvals, and it is linked to Magnum’s acquisition of additional projects.

EV Resources Limited Announces Proposed Securities Issue

EV Resources Limited has announced a proposed issue of 25 million ordinary fully paid securities, scheduled for issuance on May 15, 2025. This move is part of the company’s strategy to raise capital, which could enhance its operational capabilities and strengthen its position in the competitive electric vehicle resource market.

EV Resources Acquires Strategic Antimony Project in Utah

EV Resources Limited has announced the acquisition of 49 unpatented claims over the Coyote Creek Antimony Project in Utah, USA, from a private US investor. This move is significant as the USA currently imports all its antimony concentrates, and the project could potentially become a domestic supplier amid supply shortages. This acquisition aligns with EVR’s strategy to develop an antimony division in the Americas, following their recent acquisition of a majority stake in the Los Lirios antimony mine in Mexico.

EV Resources Updates Investor Presentation for Compliance

EV Resources Limited has amended its March 2025 Investor Presentation due to non-compliance with JORC clause 50 regarding metal equivalent results. The company has retracted these results and updated the presentation with individual copper and molybdenum grades. Additionally, photos from the Los Lirios project, which were considered visual estimates of mineralization, have been removed to ensure accurate disclosure. The company advises investors not to rely on the previously included information for investment decisions, highlighting its commitment to transparency and regulatory compliance.

EV Resources Limited Announces Investor Webinar

EV Resources Limited announced an investor webinar scheduled for April 1, 2025, where Managing Director Hugh Callaghan will discuss the company’s operations and future plans. This event offers shareholders and potential investors a chance to engage with the company, potentially impacting investor relations and market positioning.

EV Resources Limited Updates on Critical Minerals Exploration Projects

EV Resources Limited has released an investor presentation detailing its ongoing projects and exploration activities in the Americas. The company confirms that all material assumptions and technical parameters for its mineral resource estimates remain unchanged. This announcement underscores EV Resources’ commitment to advancing its exploration projects, which may impact its operational capabilities and market positioning.

EV Resources Limited Releases Interim Financial Report for 2024

EV Resources Limited has released its interim financial report for the half year ending December 31, 2024. The report provides detailed insights into the company’s financial performance, including statements of profit or loss, financial position, changes in equity, and cash flows. This release is crucial for stakeholders as it offers a comprehensive overview of the company’s financial health and operational efficiency during the specified period.

EV Resources Addresses ASX Queries on Molybdenum and Antimony Developments

EV Resources Limited responded to queries from the ASX concerning two announcements: one regarding China’s export controls on molybdenum, which could materially affect the company’s securities due to its impact on the Parag copper-molybdenum project, and another about high-grade antimony samples from its Los Lirios project. The company emphasized its position as one of the few ASX-listed firms significantly exposed to molybdenum, highlighting the importance of transparent communication with stakeholders regarding market uncertainties.

EV Resources Reports High-Grade Antimony Assays from Los Lirios Project

EV Resources Limited has received the first assays from the Los Lirios antimony project in Mexico, where it is acquiring a 70% stake in a joint venture. The assays revealed high-grade antimony concentrations, with samples showing up to 29.17% antimony. These results, alongside discussions for a potential pilot processing plant, could significantly enhance EVR’s operational capabilities and industry positioning.

China’s Export Controls on Molybdenum Boost EV Resources’ Prospects

EV Resources Limited announced that China is imposing export controls on certain molybdenum products, a mineral where China is a major producer. This move is expected to increase reliance on molybdenum sources within the Americas, benefiting EV Resources’ Parag project in Peru, which has shown high-grade molybdenum alongside copper. The Parag project is positioned to become a significant supplier to the USA, addressing increased demand as global supply faces pressure from aging and deepening mines. This development could enhance EVR’s market positioning and provide economic support to its copper project.