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Firebird Metals Ltd.
(Sydney:FRB)
Firebird Metals Ltd. (FRB) vs. iShares MSCI Australia ETF (EWA)
Firebird Metals Ltd. Business Overview & Revenue Model
Firebird Metals Ltd. Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -213.57K | -213.57K | 0.00 | -58.35K | -61.62K | -4.91K |
| EBITDA | -1.01K | -2.08M | -4.73M | -891.67K | -1.10M | -3.39M |
| Net Income | -2.27M | -2.27M | -4.66M | -952.13K | -1.17M | -3.39M |
Balance Sheet | ||||||
| Total Assets | 11.22M | 11.22M | 12.88M | 6.72M | 4.13M | 5.20M |
| Cash, Cash Equivalents and Short-Term Investments | 1.50M | 1.50M | 5.07M | 1.30M | 500.65K | 3.81M |
| Total Debt | 335.71K | 335.71K | 0.00 | 56.39K | 56.39K | 113.38K |
| Total Liabilities | 652.28K | 652.28K | 245.59K | 333.42K | 191.22K | 259.42K |
| Stockholders Equity | 10.57M | 10.57M | 12.64M | 6.39M | 3.94M | 4.94M |
Cash Flow | ||||||
| Free Cash Flow | -2.05M | -2.05M | -3.00M | -2.31M | -3.24M | -1.08M |
| Operating Cash Flow | -1.92M | -1.92M | -2.13M | -718.80K | -1.00M | -303.17K |
| Investing Cash Flow | -1.69M | -1.69M | -1.75M | -1.69M | -2.24M | -779.23K |
| Financing Cash Flow | 26.16K | 26.16K | 7.68M | 3.21M | -64.00K | 4.89M |
Firebird Metals Ltd. Technical Analysis
Firebird Metals Ltd. 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% | |
46 Neutral | AU$54.71M | -18.13 | -19.59% | ― | ― | 66.39% | |
45 Neutral | AU$5.10M | ― | -29.48% | ― | ― | 76.12% | |
44 Neutral | AU$46.01M | -12.33 | -106.64% | ― | ― | -36.36% | |
44 Neutral | AU$2.85M | ― | -65.57% | ― | ― | -200.00% | |
44 Neutral | AU$5.98M | -4.38 | -38.30% | ― | ― | 61.60% | |
43 Neutral | AU$4.41M | -1.19 | -81.85% | ― | ― | -58.49% |
Firebird Metals Ltd. Corporate Events
Firebird Metals has issued 1,033,335 new ordinary shares without a prospectus under the Corporations Act’s disclosure exemptions and has confirmed it remains compliant with its ongoing reporting and disclosure obligations as a listed disclosing entity. The board-backed notice states there is no undisclosed price-sensitive information required to be released at this time, indicating the share issuance is being conducted against a backdrop of regulatory compliance and operational transparency as the company progresses its manganese-based battery materials strategy.
The most recent analyst rating on (AU:FRB) stock is a Hold with a A$0.25 price target. To see the full list of analyst forecasts on Firebird Metals Ltd. stock, see the AU:FRB Stock Forecast page.
Firebird Metals Ltd has applied for quotation on the ASX of 1,033,335 new ordinary fully paid shares, with an issue date of 14 January 2026. The additional securities, issued pursuant to a previously announced transaction, will expand the company’s quoted share capital and may modestly enhance liquidity in Firebird’s stock for existing and prospective investors.
The most recent analyst rating on (AU:FRB) stock is a Hold with a A$0.25 price target. To see the full list of analyst forecasts on Firebird Metals Ltd. stock, see the AU:FRB Stock Forecast page.
Firebird Metals has completed installation and commissioning of its proprietary cathode active materials equipment at its wholly owned China pilot plant, clearing the way to begin producing advanced lithium-manganese-rich CAM from February 2026 and to supply customer samples in the second half of 2026 for technical evaluation and qualification. The LMR development program, co-funded 50% by strategic partner Taza Metal Technologies, aims to deliver higher-energy-density alternatives to conventional LFP with reduced nickel and cobalt content via high manganese substitution, and will be showcased alongside NCM and LMFP materials at Firebird’s Australian Demonstration Plant in 2026, positioning the company within a growing market as major automakers move to commercialise LMR cathodes by 2030 and as new high-energy applications such as eVTOL aircraft and humanoid robotics accelerate demand for manganese-rich battery chemistries.
The most recent analyst rating on (AU:FRB) stock is a Hold with a A$0.22 price target. To see the full list of analyst forecasts on Firebird Metals Ltd. stock, see the AU:FRB Stock Forecast page.
Firebird Metals Limited has issued 3,900,000 new ordinary shares and confirmed that the issuance was conducted without a prospectus under the Corporations Act, while affirming its ongoing compliance with Australian continuous disclosure and financial reporting obligations. The company also stated that, as at the date of the notice, there is no excluded information requiring disclosure, providing investors with assurance that the share issue has occurred against a backdrop of full regulatory compliance and transparency.
The most recent analyst rating on (AU:FRB) stock is a Hold with a A$0.15 price target. To see the full list of analyst forecasts on Firebird Metals Ltd. stock, see the AU:FRB Stock Forecast page.
Firebird Metals director Evan Cranston has increased his indirect stake in the company through related entity Konkera Pty Ltd, participating in a shareholder-approved share placement at $0.15 per share and receiving additional incentive options. Following the transaction, Cranston’s associated entities now hold a larger parcel of fully paid ordinary shares and a significantly expanded suite of unlisted options with exercise prices ranging from $0.30 to $1.00 and expiries between 2026 and 2028, underscoring management’s financial exposure to the company’s future performance and aligning director incentives with shareholder outcomes.
The most recent analyst rating on (AU:FRB) stock is a Hold with a A$0.15 price target. To see the full list of analyst forecasts on Firebird Metals Ltd. stock, see the AU:FRB Stock Forecast page.
Firebird Metals Limited has notified the market of the issue of 7.2 million unquoted performance rights and a total of 6 million unquoted options to employees under its incentive scheme. The options are split evenly between tranches exercisable at $0.30 and $0.40, both expiring on 30 December 2028, and the new securities are not intended to be quoted on the ASX. The move underscores Firebird’s use of equity incentives to retain and motivate staff while potentially diluting existing shareholders if the rights and options are ultimately exercised.
Firebird Metals Ltd has notified the market of the issue of 6 million unquoted options, split between 3 million options exercisable at $0.40 and 3 million options exercisable at $0.30, both expiring on 6 December 2028 and issued on 24 December 2025. The new options, which are not intended to be quoted on the ASX and form part of previously announced transactions, indicate ongoing use of equity-based instruments to fund operations and align stakeholder incentives, potentially affecting the company’s capital structure and future dilution for existing shareholders.
Firebird Metals Ltd has applied to the ASX for quotation of 3.9 million newly issued ordinary fully paid shares, dated 24 December 2025, under an Appendix 2A lodgement. The additional securities, which follow a previously announced transaction under an Appendix 3B, will expand the company’s quoted share capital and may modestly increase liquidity in its stock for existing and prospective investors.
Firebird Metals Limited has issued 13,733,332 ordinary shares without disclosure to investors, as per the Corporations Act, and confirms compliance with all relevant reporting obligations. This issuance is part of Firebird’s strategic efforts to strengthen its market position in the manganese technology sector, particularly in the EV and energy-storage markets, potentially impacting its operations and stakeholder interests positively.
Firebird Metals Ltd. has announced that its MFP precursor cathode active material (PCAM) has outperformed China industry standards in several key performance parameters. The company has completed over 150 test batches, producing around 200kg of MFP PCAM, and has supplied 30kg to a potential customer for further testing. This development marks a significant technical milestone for Firebird, validating its proprietary production process and positioning the company to progress towards commercialisation with its Australian Demonstration Plant set to open in 2026.
Firebird Metals Ltd. has announced the quotation of 13,733,332 fully paid ordinary securities on the Australian Securities Exchange (ASX) as of December 8, 2025. This move is part of previously announced transactions and is expected to enhance the company’s liquidity and market visibility, potentially impacting its operational capacity and stakeholder value positively.
Firebird Metals Ltd. announced the successful outcomes of its Annual General Meeting held on November 28, 2025, with all resolutions passed by a significant majority. Key resolutions included the re-election of directors, approval of placement shares, and the issuance of incentive options, indicating strong shareholder support and strategic alignment for future growth.
Firebird Metals Ltd. has secured a patent for its energy-saving kiln technology, which is a key component of its integrated concentrate-to-battery-materials flowsheet. This innovation demonstrates up to 70% energy savings and opens pathways for commercial kiln sales to Western manganese sulphate producers. Additionally, Firebird plans to establish an Australian Demonstration Plant (ADP) to showcase the conversion of manganese concentrate into high-purity battery materials. The ADP is expected to unlock multiple revenue streams through technology licensing, equipment supply, and downstream production, positioning Firebird for strategic partnerships in the battery value chain and providing a first-mover advantage in markets outside China.
Firebird Metals Limited announced a change in the director’s interest notice involving Evan Cranston. Mr. Cranston, through Konkera Pty Ltd, acquired 191,244 fully paid ordinary shares via an on-market purchase, increasing his total holdings in the company. This acquisition could indicate a positive outlook from the director towards the company’s future prospects, potentially impacting investor confidence and market perception.
Firebird Metals Ltd. has released a feasibility study for its Battery Grade Manganese Sulphate Project Stage 1 Processing Plant in China, highlighting the technical and economic potential of the project. The company is also evaluating the Oakover Manganese Project through an updated scoping study, although uncertainties remain regarding funding and project viability. These developments could impact Firebird’s market positioning and shareholder value, as the company explores various strategies, including potential sales or joint ventures, to realize value from its projects.
Firebird Metals Ltd. announced a change in the director’s interest, with Evan Cranston acquiring 170,949 fully paid ordinary shares through an on-market purchase. This change reflects an increase in Cranston’s indirect interest in the company, potentially signaling confidence in the company’s future prospects and impacting stakeholder perceptions.
Firebird Metals Ltd. announced the cessation of Peter Allen as a director effective October 31, 2025. The notice details Allen’s interests in the company’s securities, including performance rights tied to specific milestones such as resource announcements and long-term offtake agreements. This change in directorship may impact the company’s strategic direction and stakeholder relationships, given Allen’s significant holdings and involvement in the company.
Firebird Metals Ltd. has secured two Chinese patents for its proprietary LMFP material, advancing its manganese-rich cathode strategy. The company received an Expression of Interest from Taza Metal Technologies to purchase up to five kilns, potentially generating over US$10 million in revenue. A capital raising of A$6 million will support the establishment of a demonstration R&D center in Western Australia and accelerate the LMFP/HPMSM strategy. Leadership changes include the appointment of Ron Mitchell as CEO and Evan Cranston transitioning to Executive Chairman.
Firebird Metals Ltd. has announced its 2025 Annual General Meeting, scheduled to be held in person on November 28, 2025, in Western Australia. Shareholders are encouraged to access the Notice of Meeting and related documents online, in line with recent legislative changes, and can vote by proxy using the company’s online facilities. This meeting is a significant event for stakeholders as it provides an opportunity to discuss the company’s performance and future strategies.
Firebird Metals Ltd. has announced a proposed issue of securities, totaling 6 million options with expiration dates in December 2028, at exercise prices of $0.30 and $0.40. This move is part of the company’s strategy to raise capital, potentially enhancing its financial position and enabling further development of its mining projects, which could impact its market positioning and stakeholder interests.
Firebird Metals Ltd. has announced its 2025 Annual General Meeting (AGM) will be held in person on November 28, 2025, in Peppermint Grove, Western Australia. Shareholders are encouraged to access the Notice of Meeting and related documents online, as hard copies will not be distributed unless previously requested. The company has provided instructions for online proxy voting and contact information for shareholder inquiries, ensuring stakeholders are informed and able to participate effectively in the AGM process.
Firebird Metals Ltd. has announced its upcoming Annual General Meeting scheduled for November 28, 2025, where shareholders will vote on several key resolutions. These include the adoption of the remuneration report, re-election of directors Ashley Pattison and Brett Grosvenor, approval of a 7.1A mandate to issue additional equity securities, ratification of prior share placements, and approval for further share issuance. The outcomes of these resolutions could significantly impact the company’s governance and capital structure.
Firebird Metals Limited has appointed Ron Mitchell as its new Chief Executive Officer, effective November 3, 2025. Mitchell, with over 25 years of experience in the mining and lithium-ion battery industry, is expected to drive the company’s strategic initiatives, including the establishment of an Australian laboratory and the continuation of its LMFP and LMR development in China. Evan Cranston will transition to Executive Chairman, while Peter Allen steps down as Managing Director to take on a consulting role, ensuring continuity in the company’s strategic direction.