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Chase Mining Corporation Limited (AU:GCM)
ASX:GCM
Australian Market

Chase Mining Corporation Limited (GCM) AI Stock Analysis

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AU:GCM

Chase Mining Corporation Limited

(Sydney:GCM)

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Neutral 41 (OpenAI - 5.2)
Rating:41Neutral
Price Target:
AU$0.01
▲(30.00% Upside)
The score is primarily held down by weak financial performance (no revenue, worsening losses, and ongoing cash burn). Technicals add further pressure with a price below key moving averages and negative MACD. Valuation is also a headwind given the negative P/E and lack of dividend yield data.
Positive Factors
Strategic Rebranding
The rebranding reflects a strategic shift towards thermal management products, aligning with global market trends and enhancing long-term growth potential.
Innovative Technology
Superior VHD technology positions the company to revolutionize thermal management in high-demand sectors, supporting future revenue growth and market expansion.
International Expansion
The partnership with Komex marks GCM's first international agreement, leveraging Komex's market presence to drive global expansion and revenue generation.
Negative Factors
No Revenue Generation
Lack of revenue generation indicates no meaningful operating scale, posing a risk to financial sustainability and long-term business viability.
Persistent Losses
Increasing losses highlight ongoing cost absorption without revenue, threatening profitability and requiring external funding for operations.
Cash Burn
Sustained cash burn without self-funding capability necessitates ongoing external financing, increasing financial risk and limiting strategic flexibility.

Chase Mining Corporation Limited (GCM) vs. iShares MSCI Australia ETF (EWA)

Chase Mining Corporation Limited Business Overview & Revenue Model

Company DescriptionGreen Critical Minerals Limited engages in the exploration and development of mineral properties in Australia and Canada. It explores for graphite, topaz, tungsten, nickel, copper, cobalt, gold, and platinum group elements. The company was formerly known as Chase Mining Corporation Limited and changed its name to Green Critical Minerals Limited in December 2022. Green Critical Minerals Limited was incorporated in 2006 and is based in Brisbane, Australia.
How the Company Makes MoneyChase Mining Corporation Limited makes money through the exploration and potential development of its mineral resource projects. The company generates revenue by discovering economically viable mineral deposits and advancing these projects towards production, where minerals can be extracted and sold. Additionally, Chase Mining may enter into joint ventures or strategic partnerships with other mining companies to share the costs and risks associated with exploration while providing an avenue for revenue through potential royalties or equity stakes in developed projects. The company's earnings are significantly influenced by the global demand and pricing of the minerals it targets, such as nickel, copper, and PGEs, as well as its ability to successfully identify and develop mineral resources.

Chase Mining Corporation Limited Financial Statement Overview

Summary
Financials reflect an early-stage profile with no reported revenue across the periods provided, persistent and worsening losses (net income about -2.77M in 2025 vs. -1.32M in 2024), and sustained cash burn (operating cash flow about -2.0M and free cash flow about -2.22M in 2025). The main offset is a conservatively levered balance sheet with very low debt, reducing near-term solvency risk, but execution and financing risk remain elevated until revenues emerge.
Income Statement
12
Very Negative
The company has reported zero revenue across all provided annual periods, indicating no meaningful operating scale yet. Losses are persistent and volatile, with net income worsening to about -2.77M in 2025 (vs. -1.32M in 2024), and gross profit consistently negative—suggesting ongoing cost absorption without a revenue base. A modest positive is that losses are not driven by high interest burden (given low debt), but overall profitability and trajectory remain weak until revenues materialize.
Balance Sheet
62
Positive
The balance sheet is conservatively levered, with very low debt relative to equity (debt-to-equity roughly 0.3% in 2025), which reduces solvency risk and financial flexibility concerns. However, recurring losses translate into consistently negative returns on equity (about -14.8% in 2025), and equity levels have fluctuated meaningfully over time, which can be a red flag if future funding is needed. Overall, the capital structure looks safe, but shareholder value creation is currently negative.
Cash Flow
18
Very Negative
Cash generation is a key weakness: operating cash flow is negative every year shown and deteriorated to about -2.0M in 2025 (vs. about -1.0M in 2024). Free cash flow is also consistently negative (about -2.22M in 2025), and while free cash flow has varied year to year, it remains a cash burn profile that likely requires ongoing external funding. A relative positive is that cash burn broadly tracks reported losses, but there is no demonstrated self-funding capability yet.
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue0.000.000.000.000.000.00
Gross Profit-93.08K-93.08K-88.22K-38.06K-4.01K-4.93K
EBITDA-2.67M-2.67M-1.27M-2.06M-3.10M-1.07M
Net Income-2.77M-2.77M-1.31M-2.14M-3.25M-1.00M
Balance Sheet
Total Assets19.30M19.30M12.28M12.36M6.72M8.48M
Cash, Cash Equivalents and Short-Term Investments5.92M5.92M373.44K2.30M2.44M1.29M
Total Debt58.80K58.80K142.02K219.63K0.000.00
Total Liabilities592.06K592.06K508.02K1.07M223.33K159.18K
Stockholders Equity18.71M18.71M11.78M11.29M6.50M8.32M
Cash Flow
Free Cash Flow-2.22M-2.22M-3.35M-3.23M-429.10K-1.25M
Operating Cash Flow-1.96M-1.96M-995.60K-884.51K-79.20K-374.78K
Investing Cash Flow-1.45M-1.45M-2.22M-2.36M-251.40K-1.48M
Financing Cash Flow8.96M8.96M1.29M3.11M1.48M767.63K

Chase Mining Corporation Limited 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%
56
Neutral
AU$200.65M-110.00-8.09%-275.00%
50
Neutral
AU$157.99M-5.42-36.29%-166.67%
48
Neutral
AU$102.32M-15.00-10.46%-85.84%73.66%
46
Neutral
AU$85.59M-62.50-7.13%33.33%
41
Neutral
AU$40.48M-10.00-18.16%-18.18%
40
Underperform
AU$16.04M-1.36-121.65%-100.21%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:GCM
Chase Mining Corporation Limited
0.01
>-0.01
-38.10%
AU:EPM
Eclipse Metals Ltd.
0.02
<0.01
60.00%
AU:MEU
Marmota Limited
0.15
0.09
138.10%
AU:DRE
Dreadnought Resources Limited
0.03
0.01
116.67%
AU:E25
Element 25 Limited
0.35
0.05
16.67%
AU:MHK
Metal Hawk Ltd.
0.11
-0.21
-65.63%

Chase Mining Corporation Limited Corporate Events

GCM Corporation Relocates Registered Office and Principal Place of Business in Subiaco
Jan 16, 2026

GCM Corporation Limited has announced a change to its registered office and principal place of business, relocating to new premises at 25/22 Railway Road in Subiaco, Western Australia, effective 19 January 2026, with all other contact details remaining unchanged. The move is a routine corporate adjustment that signals ongoing operational continuity for the thermal management specialist, with no disclosed impact on its day-to-day activities or its strategic focus on supplying advanced cooling solutions to high-growth technology and industrial markets.

The most recent analyst rating on (AU:GCM) stock is a Sell with a A$0.01 price target. To see the full list of analyst forecasts on Chase Mining Corporation Limited stock, see the AU:GCM Stock Forecast page.

GCM Corporation Switches Auditors to Support Planned US Listing
Jan 14, 2026

GCM Corporation Limited has appointed PKF Perth as its new external auditor, effective 14 January 2026, following the resignation of Moore Australia Audit (QLD) Pty Ltd and the necessary regulatory consent. The board selected PKF Perth after a consultation process, citing the firm’s strong reputation and relevant experience to support GCM’s planned US listing, a move that underscores the company’s intention to broaden its capital markets presence and align its governance and reporting structures with international investor expectations; shareholders will be asked to confirm the appointment at the 2026 annual general meeting.

The most recent analyst rating on (AU:GCM) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Chase Mining Corporation Limited stock, see the AU:GCM Stock Forecast page.

GCM Corporation Issues 12.75 Million New Shares Under Disclosure Exemption
Jan 14, 2026

GCM Corporation Limited, listed on the ASX under the code GCM, has issued 12,750,000 fully paid ordinary shares without providing a disclosure document to investors, relying on the exemption provisions of the Australian Corporations Act. The company has confirmed it is compliant with its financial reporting and continuous disclosure obligations and that there is no excluded information requiring disclosure, indicating the placement is being conducted within the standard regulatory framework and may modestly expand GCM’s capital base while maintaining transparency for existing shareholders and the market.

The most recent analyst rating on (AU:GCM) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Chase Mining Corporation Limited stock, see the AU:GCM Stock Forecast page.

GCM Corporation Issues 10 Million Unquoted Performance Rights Under Incentive Scheme
Jan 14, 2026

GCM Corporation Limited, listed on the ASX under the code GCM, has issued new classes of unquoted equity securities as part of its capital management and employee remuneration strategy.

The company has created and granted 5 million Class M Performance Rights expiring two years from the issue date and 5 million Class N Performance Rights expiring three years from the issue date, both issued under an employee incentive scheme and not intended to be quoted on the ASX, indicating a focus on aligning staff and management incentives with longer-term corporate performance and shareholder interests.

The most recent analyst rating on (AU:GCM) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Chase Mining Corporation Limited stock, see the AU:GCM Stock Forecast page.

GCM Corporation Seeks Quotation of 12.75 Million New Shares on ASX
Jan 14, 2026

GCM Corporation Limited, listed on the ASX under code GCM, has applied for quotation of additional ordinary fully paid shares, expanding its listed equity base. The company has lodged an application for 12,750,000 new ordinary fully paid shares to be quoted on 14 January 2026, a move that will increase the total number of securities on issue and may impact existing shareholders through capital structure changes and potential dilution, while providing the company with greater financial flexibility depending on the purpose of the issuance.

The most recent analyst rating on (AU:GCM) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Chase Mining Corporation Limited stock, see the AU:GCM Stock Forecast page.

GCM Corporation Announces Lapse of 163.9 Million Performance Rights
Jan 14, 2026

GCM Corporation Limited, listed on the ASX under code GCM, is an Australian listed company; the announcement does not provide detail on its industry, products or specific operations. The company has notified the market that 163,915,233 performance rights (GCMAE) lapsed unexercised on 19 November 2025, resulting in a reduction of its potential issued capital, which may slightly simplify its capital structure and affect the dilution outlook for existing shareholders.

The most recent analyst rating on (AU:GCM) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Chase Mining Corporation Limited stock, see the AU:GCM Stock Forecast page.

GCM Corporation Rebrands to Reflect Strategic Shift in Thermal Management
Dec 8, 2025

GCM Corporation Limited, formerly known as Green Critical Minerals Limited, has officially changed its name following shareholder approval, reflecting its strategic shift towards producing commercially impactful thermal management products. This rebranding marks a significant evolution in the company’s growth, aligning with its vision to scale products relevant to global markets and create long-term value, particularly as it targets the expanding technology and electrification markets.

Green Critical Minerals Ltd Director Increases Shareholding
Dec 3, 2025

Green Critical Minerals Ltd has announced a change in the director’s interest, specifically concerning Charles Thomas, who is the sole director and shareholder of Mounts Bay Investments Pty Ltd. The company operates in the mining industry, focusing on critical minerals essential for various industrial applications. The announcement details that Charles Thomas has acquired an additional 393,875 Ordinary Fully Paid Shares through an on-market trade, increasing his total holdings to 31,000,000 shares. This change reflects a strategic move by the director, potentially indicating confidence in the company’s future prospects and stability, which could have implications for stakeholders and market perception.

Chase Mining Announces Director’s Interest Change
Dec 2, 2025

Chase Mining Corporation Limited has announced a change in the director’s interest notice for Charles Thomas, who is associated with Green Critical Minerals Ltd. The change involves the acquisition of 493,895 Ordinary Fully Paid Shares by Mounts Bay Investments Pty Ltd, where Mr. Thomas is the sole director and shareholder. This acquisition, valued at $7,911.32, reflects an on-market trade, increasing the total shares held to 30,606,125. This update is part of the company’s compliance with ASX listing rules, ensuring transparency in director dealings.

Director’s Interest Update: Modest Share Acquisition by Charles Thomas
Dec 1, 2025

Chase Mining Corporation Limited has announced a change in the director’s interest notice for Charles Thomas, a director of Green Critical Minerals Ltd. The update reveals that Mr. Thomas, through Mounts Bay Investments Pty Ltd, has acquired 6,105 ordinary fully paid shares, increasing his total holdings to 30,112,230 shares. This transaction, conducted as an on-market trade, reflects a modest adjustment in Mr. Thomas’s investment in the company, potentially indicating confidence in the company’s future prospects.

Director Increases Stake in Green Critical Minerals Ltd
Nov 28, 2025

Green Critical Minerals Ltd has announced a change in the interest of its director, Charles Thomas, who has acquired an additional 1,000,000 ordinary fully paid shares through an on-market trade. This acquisition increases his total holdings to 30,106,125 ordinary shares, alongside existing performance rights. The transaction, valued at $13,033, reflects ongoing confidence in the company’s prospects and may impact investor perceptions and market dynamics.

Green Critical Minerals AGM: Key Resolutions Passed
Nov 25, 2025

Green Critical Minerals Limited held its Annual General Meeting on November 25, 2025, where several resolutions were put to vote. Key outcomes included the adoption of the remuneration report, re-election of a director, approval of a 10% placement facility, and a refresh of the employee securities incentive plan. Additionally, an increase in the non-executive director fee pool and a change of the company name were approved. However, the election of a non-board endorsed director was not carried. These decisions are likely to impact the company’s governance and strategic direction, potentially affecting stakeholder interests.

Green Critical Minerals’ VHD Technology Outperforms Traditional Materials
Nov 19, 2025

Green Critical Minerals Ltd has announced that their Very High Density (VHD) technology has demonstrated exceptional thermal conductivity and diffusivity, outperforming traditional materials such as copper and aluminum. Independent testing by the University of New South Wales confirmed VHD’s superior performance, highlighting its potential to revolutionize thermal management in AI computing, data centers, and high-performance electronics. The company is progressing through the final stages of commercializing VHD, with positive customer feedback and initial agreements supporting its market entry, targeting first revenue in the first half of 2026.

Green Critical Minerals Issues New Shares to Strengthen Market Position
Nov 7, 2025

Green Critical Minerals Limited has issued 15,187,500 fully paid ordinary shares without disclosure to investors, in compliance with the Corporations Act 2001. This strategic move is expected to impact the company’s capital structure and potentially enhance its market positioning, although specific implications for stakeholders were not detailed.

GCM Partners with Komex to Launch VHD Blocks in South Korea
Nov 5, 2025

Green Critical Minerals Ltd (GCM) has signed a Memorandum of Understanding (MoU) with South Korea’s Komex Carbon Corporation to introduce GCM’s Very High Density (VHD) blocks into the South Korean market. This partnership aims to develop end-user products for the technology, electronics, and industrial sectors, and initiate negotiations on sales contracts. The MoU marks GCM’s first international customer agreement and is a significant step towards achieving its commercial revenue targets by the first half of 2026. The collaboration is expected to leverage Komex’s established market presence and GCM’s innovative VHD technology, which offers superior thermal performance at a competitive price.

Green Critical Minerals Advances VHD Graphite Technology and Global Expansion
Oct 29, 2025

Green Critical Minerals Ltd (GCM) has made significant progress in the third quarter of 2025, particularly in enhancing its VHD graphite technology. The company has demonstrated the superior performance of its VHD heat sinks, which can handle high power loads and reduce microchip operating temperatures. GCM is scaling up production capabilities and advancing its global market entry strategy, notably in South Korea and other Asian regions. The company is also planning a US listing and has secured a $5.2 million Options Underwriting Agreement to support its objectives. These developments are expected to strengthen GCM’s market position and expand its customer base across various international markets.

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: Dec 30, 2025