Lithium Plus Minerals Ltd. (LPM) AI Stock Analysis

• Market Cap: AU$26.57M
• Dividend Yield: N/A
• Average Volume (3M): 150.52K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.32
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: AU
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): N/A
• Shares Outstanding: 132,840,000
• 10 Day Avg. Volume: 130,656
• 30 Day Avg. Volume: 150,517
• PEG Ratio: 0.55
• Price to Book (P/B): 0.34
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -2.03
• 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
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 56 Neutral
• Price Target: AU$0.19 ▲(6.11% Upside)

The score is held back primarily by weak financial performance (no revenue, ongoing losses, and negative/free cash flow with higher burn in FY2025), partially offset by a low-debt balance sheet. Technicals are supportive with a strong uptrend and positive momentum. Valuation signals are neutral due to missing P/E and dividend yield data.

Positive Factors

Conservative balance sheet / low debt

Very low leverage materially reduces solvency and refinancing risk over the medium term, giving management flexibility to fund exploration or development. This structural cushion supports operations during funding cycles and lowers the probability of distress-driven dilution.

Near-flat cash burn in FY2024 indicates cost discipline

Maintaining near-flat cash outflows in FY2024 shows operational cost control and budgeting discipline, which can preserve runway between raises. Cost discipline is a durable operational strength that helps manage dilution risk and supports execution of multi-year development plans.

Predictable, modest loss profile in recent years

A relatively stable and modest annual loss profile in recent years provides predictability for cash planning and capital needs. Predictable losses make it easier to model funding requirements and reduce the risk of abrupt operational deterioration, aiding long-term strategic planning.

Negative Factors

Pre-revenue status with persistent negative cash flow

Without revenue, the company relies entirely on financing to cover operations; persistent negative operating and free cash flow increases recurring funding needs. Over several months this structural dependence elevates execution and dilution risk if capital markets tighten.

No reported revenue across FY2022–FY2025

A multi-year absence of top-line revenue means the business model has not yet commercialized, extending the path to profitability. This structural gap implies long lead times to generate cash internally and sustained reliance on external capital to fund development.

Declining equity and negative returns on capital

Falling equity and consistent negative ROE indicate capital is not producing returns, eroding shareholder value over time. Structurally, this reduces financial flexibility, increases the likelihood of future dilutive raises, and signals limited capacity to self-fund growth.

Lithium Plus Minerals Ltd. Business Overview & Revenue Model

Company Description

Lithium Plus Minerals Ltd acquires, explores for, and develops lithium properties in Australia. It holds 100% interest in the Bynoe project, which covers Bynoe and Wingate sub projects that comprise 12 granted exploration licenses covering a combined area of approximately 490 square kilometers, as well as 3 exploration licenses applications covering a combined area of 117 square kilometers located in the Bynoe Pegmatite Field in the Northern Territory; and the Arunta project, which covers the Barrow Creek, Moonlight, and Spotted Wonder sub-projects that comprise 7 granted exploration licenses covering a combined area of approximately 1,086 square kilometers situated in north-east of Alice Spring in central Australia in the Northern Territory. The company was incorporated in 2021 and is based in Sydney, Australia.

How the Company Makes Money

Lithium Plus Minerals Ltd. (LPM) generates revenue by exploring and developing lithium-rich mineral deposits and subsequently selling these resources to manufacturers and producers in the battery and renewable energy industries. The company may engage in joint ventures or partnerships with other mining companies to share the costs and profits associated with large-scale mining projects. Additionally, LPM might secure long-term supply agreements with battery manufacturers and technology companies, ensuring a consistent revenue stream. Revenue is also influenced by lithium market prices, extraction efficiency, and the company's ability to scale its operations efficiently.

Lithium Plus Minerals Ltd. Financial Statement Overview

Summary

Lithium Plus Minerals Ltd. faces significant challenges, primarily due to the absence of revenue and persistent operational losses, which impact profitability and cash flows. While the balance sheet reflects strong equity and low leverage, the cash position is declining, which could pose liquidity risks. The company needs to address these issues by improving revenue generation and operational efficiency to enhance its financial health and sustainability.

Income Statement

Lithium Plus Minerals Ltd. reported no revenue, gross profit, or positive net income, indicating significant challenges in generating sales. The company has consistently reported negative EBIT and EBITDA, reflecting operational inefficiencies or high operational costs with no offsetting revenue. The lack of revenue growth further highlights the company's difficulties in scaling or penetrating its market.

Balance Sheet

The company exhibits a strong equity position relative to total assets, with an equity ratio of 94.6% in the latest period, suggesting financial stability. The debt-to-equity ratio is low, indicating minimal leverage and lower financial risk. However, the absence of net income precludes the calculation of ROE, which limits insights into profitability. The declining cash position may signal potential liquidity challenges if revenue does not improve.

Cash Flow

The lack of operating cash flow data and consistently negative free cash flow highlight potential cash management issues. Although the company has engaged in financing activities, the negative free cash flow trajectory suggests that cash outflows from operations and capital expenditures exceed inflows. This trend could pressure the company's ability to sustain its operations without additional financing.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00
Gross Profit	0.00	0.00	0.00	0.00	0.00
EBITDA	-2.16M	-2.16M	-2.19M	-1.88M	-581.09K
Net Income	-2.10M	-2.10M	-2.09M	-1.85M	-587.76K
Balance Sheet
Total Assets	21.33M	21.33M	22.70M	17.40M	13.64M
Cash, Cash Equivalents and Short-Term Investments	3.21M	3.21M	6.70M	8.30M	9.12M
Total Debt	258.62K	258.62K	165.56K	79.26K	148.78K
Total Liabilities	529.07K	529.07K	685.79K	1.08M	292.80K
Stockholders Equity	20.26M	20.26M	22.02M	16.31M	13.35M
Cash Flow
Free Cash Flow	-3.42K	-3.42M	-9.05K	-5.15M	-903.16K
Operating Cash Flow	-1.89K	-1.89M	-2.23K	-653.37K	-370.01K
Investing Cash Flow	1.30K	1.97M	-8.33M	-7.00M	-806.40K
Financing Cash Flow	-280.00	-102.26K	7.45M	4.34M	12.12M

Lithium Plus Minerals Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.18
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:LPM, the sentiment is Positive. The current price of 0.18 is above the 20-day moving average (MA) of 0.16, above the 50-day MA of 0.14, and above the 200-day MA of 0.09, indicating a bullish trend. The MACD of 0.02 indicates Negative momentum. The RSI at 68.71 is Neutral, neither overbought nor oversold. The STOCH value of 97.47 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:LPM.

Lithium Plus Minerals Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
LPM	56 Neutral	AU$26.57M	―	―	―	―	―
CTN	47 Neutral	AU$10.95M	-2.54	-40.27%	―	―	-114.29%
WIN	45 Neutral	AU$30.00M	-0.41	-121.41%	―	―	-1034.67%
AKN	45 Neutral	AU$4.68M	―	-71.65%	―	―	―
RIE	43 Neutral	AU$7.70M	-0.62	-190.23%	―	―	47.88%
VML	41 Neutral	AU$49.70M	-7.47	-5.81%	―	-67.81%	-244.10%

Lithium Plus Minerals Ltd. Corporate Events

Lithium Plus Minerals Ltd. Announces Successful AGM Results

Lithium Plus Minerals Ltd. announced the results of its 2025 Annual General Meeting, where all resolutions, including the remuneration report and re-election of directors, were passed with significant support. The approval of a 10% placement capacity indicates strong shareholder confidence and positions the company for potential capital raising opportunities, which could enhance its operational capabilities and market positioning.

Lithium Plus Secures 20-Year Lease for Lei Lithium Project

Lithium Plus Minerals Ltd. has announced the granting of a 20-year mining lease for its Lei Lithium Project, marking a significant step in its development strategy. The project aims to establish a low capital expenditure operation to produce lithium for processing in China, with ongoing regulatory and environmental approvals positioning the company for value creation in the recovering lithium market.

Diatreme Resources Announces Priority Offer in Moonlight IPO

Diatreme Resources Ltd has announced a priority offer for its shareholders in the upcoming Moonlight Resources IPO. The offer includes a fully underwritten Priority Offer of $3.0 million at an issue price of $0.20 per share, with additional benefits such as free attaching options. This move follows Diatreme’s agreement to sell its shares in Chalcophile Resources Pty Ltd and PGE Minerals Pty Limited to Moonlight Resources, which includes a combination of Moonlight shares and cash. The transaction is expected to enhance Diatreme’s financial position and provide its shareholders with new investment opportunities.

Diatreme Resources Sells Clermont Project Shares to Moonlight Resources

Diatreme Resources Ltd has entered into a Share Sale Agreement with Moonlight Resources Limited to sell its shares in Chalcophile Resources Pty Ltd and PGE Minerals Pty Limited, which own the Clermont Project. As part of this agreement, Diatreme will receive shares and cash from Moonlight, while its shareholders are offered a priority offer to acquire shares in Moonlight’s IPO. This transaction allows Diatreme to focus on its core silica assets while retaining an interest in the future development of the Clermont Project.

Lithium Plus Expands Gold Exposure with Moonlight Resources Acquisition

Lithium Plus Minerals Ltd. has announced that its 33.5% owned entity, Moonlight Resources Limited, has entered into a Share Sale Agreement to acquire Chalcophile Resources Pty Ltd and PGE Minerals Pty Limited, which own the Clermont Gold Project. This acquisition provides Lithium Plus shareholders with value-accretive exposure to gold, while the company continues to focus on its lithium projects. As part of this transaction, Moonlight will issue shares to Diatreme Resources Ltd and offer a priority IPO to Lithium Plus shareholders, allowing them to purchase shares at a set price with additional options. The move is expected to enhance the company’s market positioning by diversifying its asset base and leveraging the potential of a proven gold district in Queensland.

Lithium Plus Minerals Ltd. Announces Annual General Meeting Agenda

Lithium Plus Minerals Ltd. has announced its Annual General Meeting to be held on November 26, 2025, in Sydney. Key agenda items include the consideration of financial statements, the adoption of the remuneration report, and the re-election of George Su as a director. The meeting will address shareholder concerns and provide an opportunity for stakeholders to vote on important company matters, impacting its governance and strategic direction.

Lithium Plus Secures 20-Year Mining Lease for Lei Project

Lithium Plus Minerals Limited has been granted a 20-year mining lease for its Lei Lithium Project, marking a significant regulatory milestone. This development secures long-term tenure and de-risks the project’s pathway to construction readiness, enhancing the company’s strategic position as it advances towards production.