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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 43 (OpenAI - 5.2)
Rating:43Neutral
Price Target:
AU$0.01
▲(10.00% Upside)
Action:ReiteratedDate:03/13/26
The score is driven primarily by weak financial performance—no revenue, worsening losses, and sustained negative free cash flow—partly offset by a low-debt balance sheet. Technicals add further caution with the stock trading below major moving averages and weak RSI, while valuation provides little support given the negative P/E and no dividend yield data.
Positive Factors
Low leverage / conservative capital structure
A very low debt-to-equity ratio meaningfully reduces solvency and interest-service risk for an early-stage renewable developer. This durable strength preserves optionality to raise project financing or weather delays without immediate distress, supporting multi‑month execution flexibility.
Low interest burden on losses
Operational losses are not being amplified by heavy interest costs, which preserves headroom to prioritize project development or R&D. With limited financing costs, management can focus scarce capital on commercialization steps rather than servicing debt, a durable operational benefit.
Exposure to renewable utilities sector
Operating in Renewable Utilities provides structural tailwinds as global energy transitions drive long-term demand for clean generation and grid assets. This sector exposure creates a durable pathway to monetize projects once technical and funding milestones are met.
Negative Factors
Zero reported revenue
No reported revenue indicates the business has not yet commercialized products or projects, leaving fundamentals unproven. Over a 2–6 month horizon this means continued reliance on financing to fund operations and a lack of operating cash conversion until projects begin generating sales.
Worsening net losses
Increasing net losses signal expanding cash burn and deteriorating profitability trends. Persistently worsening losses erode equity and reduce runway, making near-term capital raises more likely and constraining the company’s ability to progress project development without external funding.
Consistent negative operating and free cash flow
Sustained negative OCF and FCF demonstrate no internal self-funding and a structural need for external capital. Over the medium term this raises dilution and execution risk for capital‑intensive renewable projects and constrains the firm’s ability to scale operations or absorb delays.

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 Moneynull

Chase Mining Corporation Limited Financial Statement Overview

Summary
Financials reflect an early-stage profile with zero revenue, persistent and worsening losses (net income about -2.77M in 2025 vs. -1.32M in 2024), and ongoing cash burn (free cash flow about -2.22M in 2025). The key offset is a conservatively levered balance sheet with very low debt-to-equity (~0.3%), reducing near-term solvency risk, but profitability and self-funding capacity remain weak.
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.
BreakdownTTMJun 2025Jun 2024Jun 2023Jun 2022Jun 2021
Income Statement
Total Revenue0.000.000.000.000.000.00
Gross Profit-59.28K-93.08K-88.22K-38.06K-4.01K-4.93K
EBITDA-5.57M-2.67M-1.27M-2.06M-3.10M-1.07M
Net Income-5.60M-2.77M-1.31M-2.14M-3.25M-1.00M
Balance Sheet
Total Assets24.32M19.30M12.28M12.36M6.72M8.48M
Cash, Cash Equivalents and Short-Term Investments10.43M5.92M373.44K2.30M2.44M1.29M
Total Debt236.20K58.80K142.02K219.63K0.000.00
Total Liabilities940.31K592.06K508.02K1.07M223.33K159.18K
Stockholders Equity23.38M18.71M11.78M11.29M6.50M8.32M
Cash Flow
Free Cash Flow-3.19M-2.22M-3.35M-3.23M-429.10K-1.25M
Operating Cash Flow-3.98M-1.96M-995.60K-884.51K-79.20K-374.78K
Investing Cash Flow471.89K-1.45M-2.22M-2.36M-251.40K-1.48M
Financing Cash Flow9.86M8.96M1.29M3.11M1.48M767.63K

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$154.97M-160.11-7.69%-275.00%
50
Neutral
AU$129.78M-21.61-10.82%-166.67%
47
Neutral
AU$87.71M-11.27-10.46%-85.84%73.66%
43
Neutral
AU$31.87M-2.50-26.62%-18.18%
42
Neutral
AU$65.84M-15.58-7.13%33.33%
41
Neutral
AU$9.62M-4.60-189.44%-100.21%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:GCM
Chase Mining Corporation Limited
0.01
>-0.01
-7.69%
AU:EPM
Eclipse Metals Ltd.
0.02
<0.01
20.00%
AU:MEU
Marmota Limited
0.12
0.07
161.36%
AU:DRE
Dreadnought Resources Limited
0.03
<0.01
47.06%
AU:E25
Element 25 Limited
0.34
0.10
39.58%
AU:MHK
Metal Hawk Ltd.
0.08
-0.32
-80.50%

Chase Mining Corporation Limited Corporate Events

Chase Mining Releases Interim Financial Report for Half-Year to December 2025
Mar 9, 2026

Chase Mining Corporation Limited has released its consolidated interim financial report for the half-year ended 31 December 2025, providing shareholders with updated financial statements and notes on its operations. The report includes the directors’ report, auditor’s review, and a tenement schedule, offering a detailed view of the company’s financial position and exploration asset base for the period.

The most recent analyst rating on (AU:GCM) stock is a Hold with a A$0.02 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 4.5 Million New Shares Under Cleansing Notice
Feb 27, 2026

GCM Corporation Limited has issued 4.5 million fully paid ordinary shares without a prospectus, using provisions under section 708A of the Corporations Act to conduct the placement to investors. The company confirmed it is up to date with its financial reporting and continuous disclosure obligations and that there is no excluded information requiring disclosure, providing regulatory assurance around the new share issue.

The cleansing notice formally informs the market that the new shares can be traded on the ASX without requiring further disclosure, reinforcing transparency for existing and prospective shareholders. The move slightly expands GCM’s share capital base while signalling compliance with Australian corporate law, which may support investor confidence in its governance and disclosure practices.

The most recent analyst rating on (AU:GCM) stock is a Hold with a A$0.02 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 ASX Quotation for 4.5 Million New Shares
Feb 27, 2026

GCM Corporation Limited has applied for quotation on the ASX of 4.5 million new ordinary fully paid shares, to be issued on 27 February 2026. The additional securities arise from the exercise or conversion of existing options or other convertible instruments, modestly expanding the company’s share base and potentially enhancing liquidity for current and prospective investors.

This move reflects routine capital management activity rather than a major strategic shift, but it may incrementally affect shareholder dilution and trading dynamics in the stock. The quotation application confirms regulatory compliance with ASX Listing Rules for new securities, providing transparency to the market on changes to GCM’s capital structure.

The most recent analyst rating on (AU:GCM) stock is a Hold with a A$0.02 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 1.5 Million New Shares with Cleansing Notice
Feb 20, 2026

GCM Corporation Limited has issued 1,500,000 fully paid ordinary shares on 20 February 2026, without a prospectus, relying on the secondary trading provisions under section 708A(5) of the Corporations Act. The company has lodged a cleansing notice confirming compliance with its reporting and continuous disclosure obligations and stating there is no excluded information, enabling the new shares to trade freely and signalling adherence to Australian securities law requirements.

The placement modestly expands GCM’s share capital base while aiming to maintain market transparency by formally notifying investors of the new equity on issue. By affirming that it has met all relevant Corporations Act provisions and that no undisclosed price-sensitive information exists, GCM seeks to reassure shareholders and the market about governance standards and the integrity of trading in its securities.

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 Seeks ASX Quotation for 1.5 Million New Shares
Feb 20, 2026

GCM Corporation Limited has applied to the ASX for quotation of 1,500,000 ordinary fully paid shares, to be traded under the code GCM. The new securities were issued on 20 February 2026 following the exercise or conversion of existing options or other convertible instruments.

The additional quoted shares modestly expand GCM’s listed capital base and may slightly improve the stock’s liquidity on the market. The move reflects ongoing utilisation of previously granted equity instruments, indicating continued engagement by holders of options or convertible securities.

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 Accelerates Commercialisation of VHD Thermal Products Ahead of Expected 2026 Revenue
Feb 3, 2026

GCM Corporation has moved from laboratory-scale validation of its VHD thermal management technology to early-stage commercialisation, advancing prototyping programs with multiple customers in China, Europe and the United States. The company is developing ultra-thin (<1mm) VHD heat sinks and heat spreaders for EV charging infrastructure, electronics and semiconductor devices, and liquid cooling systems for data centres, while also creating a ready-to-buy product range aimed initially at electronics and chip applications sold through online distributors and its own website. To support these efforts, GCM has expanded its in-house product development and technical support capabilities, established local market operations in key regions, and deepened customer engagement through prototyping, sample provision and commercial discussions on customisation, pricing and potential order volumes, positioning the business to convert this pipeline into revenue expected in the first half of 2026.

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’s VHD Technology Outperforms Copper and Aluminium as Global Commercial Push Accelerates
Jan 30, 2026

GCM Corporation reported that independent, like-for-like testing by the University of New South Wales confirmed its VHD thermal management technology significantly outperforms copper and aluminium, with in-plane thermal conductivity of 422 W/m·K—around 1.3 times higher than copper and three times higher than aluminium—and markedly superior thermal diffusivity, supporting its positioning as a next-generation, mass-production thermal material. During the December 2025 quarter the company advanced commercialisation by signing an MoU with South Korea’s Komex Carbon Corporation to co-develop products for the Korean market, beginning prototype heat sink manufacturing (including sub‑1mm fins) for customers and internal development, initiating market entry into China, progressing commercial sales discussions, achieving ISO 9001 certification, appointing a Principal Thermal Engineer to accelerate product development, and moving forward with a potential US listing on NYSE or Nasdaq, supported by a cash balance of A$10.48 million at quarter end.

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 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.

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: Mar 13, 2026