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EV Resources Limited
(Sydney:EVR)
EV Resources Limited (EVR) vs. iShares MSCI Australia ETF (EWA)
EV Resources Limited Business Overview & Revenue Model
EV Resources Limited Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 270.69K | 267.11K | 0.00 | 0.00 | 15.72K | 0.00 |
| Gross Profit | 267.66K | 261.39K | -5.52K | -2.99K | 11.45K | -3.62K |
| EBITDA | -5.96M | -6.03M | -2.85M | -4.40M | -3.06M | -3.00M |
| Net Income | -6.32M | -6.32M | -3.39M | -5.22M | -2.34M | -3.03M |
Balance Sheet | ||||||
| Total Assets | 5.13M | 5.13M | 9.41M | 6.45M | 10.32M | 4.68M |
| Cash, Cash Equivalents and Short-Term Investments | 987.03K | 987.03K | 403.19K | 513.84K | 4.94M | 1.68M |
| Total Debt | 819.34K | 819.34K | 1.27M | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 2.77M | 2.77M | 2.58M | 663.26K | 451.64K | 527.38K |
| Stockholders Equity | 2.58M | 2.58M | 7.18M | 5.94M | 9.87M | 4.13M |
Cash Flow | ||||||
| Free Cash Flow | -1.41M | -655.85K | -5.98M | -4.43M | -4.03M | -2.56M |
| Operating Cash Flow | -579.39K | -579.39K | -2.61M | -1.93M | -2.33M | -1.69M |
| Investing Cash Flow | -503.69K | -503.69K | -2.47M | -2.49M | -1.70M | -1.01M |
| Financing Cash Flow | 1.67M | 1.67M | 4.96M | 0.00 | 7.29M | 3.46M |
EV Resources Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
47 Neutral | AU$13.60M | ― | -5.71% | ― | ― | 16.67% | |
45 Neutral | AU$25.84M | -2.94 | -125.25% | ― | ― | -17.24% | |
42 Neutral | AU$16.52M | -8.82 | -4.46% | ― | ― | 4.49% | |
41 Neutral | AU$28.43M | -7.21 | -84.97% | ― | -100.00% | 8.51% | |
41 Neutral | AU$20.80M | -16.67 | -43.49% | ― | ― | -7.14% |
EV Resources Limited Corporate Events
EV Resources Limited has disclosed a change in director Michael Brown’s interests in the company’s securities, reflecting the allocation of incentive-based equity linked to his appointment. The filing with the ASX shows Brown now holds 10 million fully paid ordinary shares directly, alongside 20 million unlisted options and 55 million performance rights held indirectly via Tambre Capital Pty Ltd as trustee of the Tambre Trust, with no cash consideration involved; the issuance is framed as part of his remuneration package, highlighting the company’s use of equity incentives to align executive interests with shareholder value.
EV Resources Ltd, listed on the ASX under the code EVR, has notified the market of the issue of new unquoted equity securities, consisting of performance rights and options that are not intended to be quoted on the exchange. The company will issue 55 million performance rights and 20 million options, expiring on various dates and at various exercise prices, as part of previously announced transactions, signaling a significant expansion of its unquoted incentive and financing instruments that may impact future capital structure and potential dilution for existing shareholders.
EV Resources Limited has announced successful preliminary metallurgical test results for its Los Lirios Antimony Project in Oaxaca, Mexico, achieving a 90.8% antimony recovery using a simple gravity-only process. This advancement is expected to enhance the project’s development pathway by supporting a low-risk, low-cost start-up scenario, and reducing capital and operational expenditures. The results also indicate potential for high recoveries from deeper sulphide mineralization, with further studies planned to optimize processing strategies.
EV Resources Limited has announced the commencement of its maiden diamond drilling program at the Los Lirios antimony project in Oaxaca State, Mexico. This fully funded program, scheduled to start in early January 2026, aims to explore the high-grade antimony mineralization beneath historical workings along the Lirios Fault Zone. The drilling will cover approximately 900 meters of strike within a 4km mapped system, with the results expected to inform an expanded exploration campaign. This initiative marks a significant step for EV Resources as it transitions from surface exploration to subsurface definition, with the goal of delivering a maiden JORC resource in the third quarter of 2026. The program is part of a broader strategy to advance the company’s assets towards near-term production, setting the stage for a transformative year.
EV Resources Limited has completed a technical review of its 150 tonnes per day Tecomatlán processing plant in Puebla, Mexico, marking a significant step in its strategy to produce antimony. The review confirmed that the plant’s equipment is suitable for refurbishment, aligning with the company’s expectations for its antimony production strategy. Engineering studies for plant upgrades are nearing completion, and the company anticipates beginning drilling in January 2026, positioning itself as a key player in the antimony supply chain.
EV Resources Limited has made significant progress in its Mexican antimony portfolio, with preparations underway for drilling at Los Lirios and engineering advancements at the Tecomatlán processing plant. The company has completed the necessary environmental permitting for drilling and is on track to commence operations in January, aiming for antimony production by mid-2026. The completion of a second tranche of private placement ensures full funding for these activities, positioning EV Resources as a near-term antimony producer.
EV Resources Limited has announced a change in the director’s interest, with Mr. Shane Menere acquiring additional securities. This acquisition, approved by shareholders at the company’s AGM, involves 43,750,000 fully paid ordinary shares and 21,875,000 listed options, valued at $350,000. The change reflects strategic adjustments in the company’s governance and may influence its market positioning and stakeholder relations.
EV Resources Limited announced the cessation of 84,000,000 performance shares due to the lapse of conditional rights, as the conditions were not met or became incapable of being satisfied. This development may impact the company’s capital structure and could have implications for its market positioning and stakeholder interests.
EV Resources Limited has announced the quotation of 18,750,000 ordinary fully paid securities and 13,125,000 options expiring on November 30, 2026, on the Australian Securities Exchange (ASX). This move is part of previously announced transactions and is expected to enhance the company’s market presence and provide additional capital for its ongoing projects, potentially impacting its operational capabilities and stakeholder interests.
EV Resources Limited has issued 25 million fully paid ordinary shares without the need for disclosure under the Corporations Act, indicating compliance with relevant legal provisions. This strategic move suggests a potential strengthening of the company’s financial position, with no undisclosed information affecting investor assessments, thereby reinforcing transparency and trust among stakeholders.
EV Resources Limited has announced the issuance of 125 million fully paid ordinary shares and 87.5 million listed options, as per the Corporations Act without disclosure under Part 6D.2. This move signifies the company’s compliance with relevant legal provisions and indicates transparency in its financial and operational disclosures, potentially impacting investor confidence and market positioning.
EV Resources Limited has announced the quotation of 125 million ordinary fully paid securities and 87.5 million options expiring in November 2026 on the Australian Securities Exchange. This move is part of previously announced transactions and is expected to enhance the company’s capital structure, potentially strengthening its market position and providing more opportunities for stakeholders.
EV Resources Limited has announced the issuance of 340,207,500 fully paid ordinary shares and 402,500,000 listed options, as per their recent notice under section 708A(5) of the Corporations Act. This move is part of the company’s strategy to strengthen its capital structure, ensuring compliance with relevant provisions of the Act and maintaining transparency for investors, which could potentially enhance its market position and stakeholder confidence.
EV Resources Limited has announced the quotation of 340,207,500 ordinary fully paid securities and 402,500,000 options expiring in November 2026 on the Australian Securities Exchange. This move is part of previously announced transactions and is expected to enhance the company’s liquidity and market presence, potentially benefiting stakeholders by increasing the company’s financial flexibility and operational capacity.
EV Resources Limited has announced a change in director’s interest notices for Mr. Shane Menere and Mr. Justin Werner, following the issuance of securities approved at the company’s general meeting. The company acknowledged a delay in lodging the required documents due to an administrative oversight, but assured stakeholders that this was an isolated incident and that their compliance practices are adequate.
EV Resources Limited announced that all resolutions proposed at their Annual General Meeting were approved by the required majority through a poll. This outcome reflects strong shareholder support for the company’s strategic decisions, including the election and re-election of directors and the ratification of prior share issues, which could enhance its operational capabilities and market positioning.
EV Resources Limited has announced a significant change in the shareholding of its director, Mr. Michael Brown, who has increased his direct interest in the company by acquiring 4,256,582 fully paid ordinary shares through an on-market purchase. This acquisition raises his total holding to 10,000,000 shares, reflecting a strategic move that could signal confidence in the company’s future prospects and potentially impact investor perceptions and market dynamics.
EV Resources Limited has announced significant progress in its Los Lirios antimony project in Puebla, Mexico, with fieldwork confirming a large-scale antimony system. The exploration efforts have identified extensive stibnite mineralization and a promising structural corridor, setting the stage for a maiden drilling program. The company is advancing its engineering and scoping work for the Tecomatlán plant, aiming for a fast-track development pathway. These developments are expected to strengthen EV Resources’ position in the antimony market and potentially offer a rapid evaluation pathway for concentrate production.
EV Resources Limited has announced a change in the indirect interest of its director, Mr. Luke Martino, through entities LJM Capital Corporation Pty Ltd and LJM Enterprises (WA) Pty Ltd, where he is a director and beneficiary. The change involves an on-market purchase of 41,548 ordinary shares at $0.009 per share, increasing his total holdings to 37,081,008 ordinary shares, alongside existing options and performance shares. This transaction reflects a minor adjustment in the director’s investment, potentially indicating confidence in the company’s future prospects.
EV Resources Limited has announced a change in the director’s interest, with Mr. Michael Brown acquiring 5,743,418 fully paid ordinary shares through an on-market purchase. This acquisition reflects a significant increase in Mr. Brown’s stake in the company, potentially signaling confidence in the company’s future prospects and strategic direction. The transaction was conducted outside of any closed trading periods, ensuring compliance with regulatory requirements.
EV Resources Limited has announced a change in the director’s interest, with Mr. Luke Martino acquiring an additional 1,000,000 ordinary shares through an on-market purchase. This acquisition increases his total holdings to 37,039,460 ordinary shares, reflecting a continued commitment to the company’s growth and strategic direction in the EV minerals sector.
EV Resources Limited has issued an addendum to its Notice of Annual General Meeting, introducing a new resolution for the election of Michael Brown as Managing Director. Brown, who brings over three decades of international mining experience, aligns with the company’s strategy to become a key supplier of critical minerals. His election is seen as a strategic move to bolster the company’s growth and engagement with institutional investors.
EV Resources Limited has made significant progress in its antimony projects, particularly at the Los Lirios site in Mexico, where extensive mineralization has been identified. The company has secured a processing plant nearby, facilitating a low-cost pathway to production. Additionally, EVR has expanded its footprint in the United States by acquiring high-grade antimony projects in Nevada. The company has also secured $6.5 million in funding to advance these projects and appointed Mike Brown as the new Managing Director and CEO. These developments mark a transformative period for EVR as it sharpens its focus on becoming a dedicated antimony developer with a strategic plan to integrate its operations across the Americas.
EV Resources Limited has announced the issuance of 68,749,804 fully paid ordinary shares without disclosure under Part 6D.2 of the Corporations Act. The company has confirmed compliance with relevant provisions of the Corporations Act and assured that there is no undisclosed information that would affect investors’ ability to make informed assessments, indicating a stable and transparent operational stance.
EV Resources Limited has announced the issuance of 68,749,804 fully paid ordinary securities, which are set to be quoted on the Australian Securities Exchange (ASX) under the code EVR. This move is part of a previously announced transaction and is expected to enhance the company’s capital structure, potentially strengthening its position in the electric vehicle resource market.
EV Resources Limited has announced the issuance of 250 million performance rights and 60 million unlisted options as part of a previously disclosed transaction. This strategic move is expected to enhance the company’s operational capabilities and strengthen its position in the electric vehicle resources market, potentially offering significant benefits to stakeholders by aligning company performance with market growth opportunities.
EV Resources Limited has secured a lease with an option to purchase a 150-tonne-per-day processing plant in Puebla, Mexico, to fast-track antimony production. This acquisition positions EVR as a leader in North American antimony supply, with plans to source feedstock from local artisanal miners, providing community benefits and aligning with strategic stockpile initiatives. The plant’s proximity to the Los Lirios Antimony Project and connection to the national grid are expected to reduce operational costs and accelerate production timelines, potentially establishing a cash flow positive business and a foundation for supplying critical metals to the U.S.
EV Resources Limited has announced the appointment of Michael Brown as a new director, effective from October 16, 2025. This strategic move is part of the company’s ongoing efforts to strengthen its leadership team, which could enhance its market positioning and operational capabilities in the competitive electric vehicle sector.
EV Resources Limited has appointed Mike Brown as Managing Director and CEO to lead its strategy in supplying antimony to North America. Brown’s extensive experience in mining, project development, and government partnerships positions the company to capitalize on the U.S. Government’s focus on securing domestic supplies of critical minerals. Under his leadership, EVR plans to restart production at the Los Lirios Antimony Project in Mexico and develop its U.S. project portfolio, aligning with national priorities for defense and energy supply security.
EV Resources Limited has announced its Annual General Meeting, which will take place on November 20, 2025, in Subiaco, WA. The meeting will address several key resolutions, including the adoption of the Remuneration Report, the election and re-election of directors, approval of a 7.1A mandate for issuing equity securities, and the ratification of prior options issued to Wogen Resources Ltd and Xcelsior Capital Advisors Ltd. These resolutions are significant for the company’s governance and strategic financial planning, impacting shareholder interests and the company’s future operations.
EV Resources Limited has announced its Annual General Meeting for the financial year ending June 30, 2025, scheduled for November 20, 2025. The company has also set a deadline of October 20, 2025, for nominations for director elections. This meeting and the election process are crucial for stakeholders as they provide an opportunity to influence the company’s strategic direction and governance.
EV Resources Limited has announced significant progress in its exploration activities at the Los Lirios Antimony Project in Oaxaca State, Mexico. The project, which features over 3.5 km of mapped mineralized strike, is rapidly advancing with extensive channel sampling, trenching, and geological mapping. The discovery of gold and silver mineralization alongside high-grade antimony positions Los Lirios as a globally significant project with dual commodity potential, enhancing its economic prospects. The company’s strategic focus on this project comes amid a global scarcity of antimony and increasing demand, particularly in the U.S., which could bolster EVR’s market positioning and stakeholder value.
EV Resources Limited has announced promising metallurgical results from its Los Lirios Antimony Project in Oaxaca State, Mexico. The results highlight high head grades of antimony, excellent recoveries, and the presence of gold and silver by-products, positioning the project as both a critical minerals and precious metals opportunity. These findings suggest a technically robust and economically viable development with potential strategic significance for U.S. supply chains. The company plans to fast-track production through gravity concentration, with further optimization of flotation and leaching processes underway. The project is aligned with U.S. critical minerals strategy, potentially delivering significant returns to shareholders.
EV Resources Limited has acquired the exclusive rights to two high-grade tin-tungsten projects in North Queensland, Australia, located within the Herberton Tin Field, the second-largest tin production region in the country. The projects, Stannary Hills and Mt Garnet, encompass numerous historic mines and show significant potential for high-grade tin and tungsten mineralization, with promising drill results indicating opportunities for further exploration and discovery. The company has secured $4.35 million in funding to support these exploration efforts, positioning itself to advance its operations in the tin-tungsten sector.
EV Resources Limited has entered into a binding agreement to sell its Khartoum Project in Queensland to Koba Resources Limited for $700,000 in cash and a 1% net smelter return royalty. This sale is part of EVR’s strategy to streamline its portfolio and focus on its antimony assets, strengthening its cash position and eliminating non-core project expenditures. The funds from this transaction will be used to explore and develop EVR’s antimony assets and to advance its critical minerals strategies in the US, including developing a relationship with the US Department of Defense.
EV Resources Limited has announced significant progress in its exploration program at the Los Lirios Antimony Project in Oaxaca State, Mexico. The company has completed various fieldwork activities, including trenching, channel sampling, and geological mapping, which are advancing the project towards drill-ready status. The systematic exploration efforts are aimed at defining drill targets that will support EVR’s maiden drilling program and subsequent JORC-compliant resource estimate. With antimony scarcity becoming a global concern, EVR’s project aligns with the U.S. and allied nations’ strategic goals to secure independent critical minerals supply chains, positioning the company as a key player in the non-China antimony market.