Uvre Ltd. (MEX) AI Stock Analysis

• Market Cap: N/A
• Dividend Yield: N/A
• Average Volume (3M): 334.63K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.62
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: AU
• Employees: N/A
• Sector: Energy
• Sector Strength: 52
• Industry: Gold
• EPS (TTM): N/A
• Shares Outstanding: 191,958,500
• 10 Day Avg. Volume: 325,212
• 30 Day Avg. Volume: 334,625
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• 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: 49 Neutral
• Price Target: AU$0.22

The score is primarily held back by weak financial performance driven by ongoing losses and persistent cash burn, despite a debt-free balance sheet. Technical indicators are neutral-to-slightly positive but not strong enough to offset fundamentals. Valuation impact is limited because P/E and dividend yield were not provided.

Positive Factors

Debt-free balance sheet

A zero-debt capital structure materially lowers refinancing and interest-rate risk, giving management durable flexibility to fund exploration or operations via equity or cash reserves. This structural strength improves solvency resilience across commodity cycles.

Positive equity position

Restored and positive shareholders' equity provides a lasting balance-sheet buffer against losses, reducing bankruptcy risk and enabling longer runway for operational plans. It supports credibility with investors and counterparties when raising capital.

Cash burn moderating in 2025

A structural moderation in cash outflows suggests operational stabilization or cost control, which can extend runway and reduce reliance on urgent external funding. Sustained moderation would materially lower dilution risk and improve survival odds.

Negative Factors

Consistent operating and net losses

Ongoing operating and net losses erode capital and signal the business has not yet attained a viable cost-revenue structure. Persisting losses require recurring external financing or dilution and undermine long-term free-cash-flow generation.

Persistent negative cash generation

Structural negative operating and free cash flow force dependence on equity raises or other financing, increasing dilution risk and limiting the firm's ability to invest in projects or scale operations without external capital over the medium term.

Very limited revenue base

A nascent and tiny revenue stream relative to costs indicates the company has not established a durable revenue engine. Without scalable, recurring revenue, prospects for reaching break-even are uncertain and operational leverage remains weak.

Uvre Ltd. Business Overview & Revenue Model

Company Description

Minerals Exploration Limited, an exploration company, engages in the exploration and development of uranium, vanadium, lithium, and other mineral properties. It holds 100% interest in the East Canyon project that comprises 231 contiguous claims, which covers an area of approximately 4,620 acres/18.7 square kilometers located in the Dry Valley/East Canyon mining district of south-eastern Utah, the United States; South Pass Wyoming Lithium Project in Wyoming, the United States; and the Frome Downs and Yankaninna projects in the South Australia. The company was formerly known as Uvre Limited and changed its name to Minerals Exploration Limited in November 2025. The company was incorporated in 2021 and is based in West Perth, Australia.

How the Company Makes Money

Uvre Ltd. makes money through the sale and installation of solar energy systems, maintenance services, and energy consulting. The company's key revenue streams include direct sales of solar panels and equipment, long-term contracts for system installations, and fees for ongoing maintenance and support services. Additionally, Uvre Ltd. may engage in strategic partnerships with energy providers or governmental agencies to enhance its market reach and leverage financial incentives for renewable energy adoption. The company also benefits from various green energy subsidies and tax incentives, which contribute to its overall profitability.

Uvre Ltd. Financial Statement Overview

Summary

Overall financial quality is weak: profitability remains negative with only very small revenue in the latest year, and operating/free cash flow are consistently in deficit. This is partially offset by a strong balance sheet with zero debt and positive equity, reducing near-term solvency risk.

Income Statement

Profitability remains weak, with consistent operating losses and net losses across the period. Revenue only appears in the latest annual report (2025) and is still very small relative to the cost base, resulting in deeply negative operating and net margins. While losses in 2025 are smaller than 2023, the business has not yet demonstrated a durable revenue engine or a clear path to break-even.

Balance Sheet

The balance sheet is a relative strength: the company reports zero debt in every period, which materially reduces financial risk and refinancing pressure. Equity is positive and sizable in recent years (after being negative in 2021), supporting solvency. The main weakness is ongoing value erosion from repeated losses, reflected in negative returns on equity in most years and a decline in equity from 2022 to 2025.

Cash Flow

Cash generation is consistently negative, with operating cash flow and free cash flow remaining in deficit each year. There is some improvement versus 2023–2024 (cash burn moderates in 2025), but the company is still funding operations without internally generated cash. Free cash flow tracks net loss closely in several periods, reinforcing that cash burn is structurally tied to continued unprofitability.

Breakdown
Income Statement
Total Revenue
Gross Profit
EBITDA
Net Income
Balance Sheet
Total Assets
Cash, Cash Equivalents and Short-Term Investments
Total Debt
Total Liabilities
Stockholders Equity
Cash Flow
Free Cash Flow
Operating Cash Flow
Investing Cash Flow
Financing Cash Flow

Uvre Ltd. Technical Analysis

• Last Price: ―

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:MEX, the sentiment is undefined. The current price of undefined is equal to the 20-day moving average (MA) of ―, equal to the 50-day MA of ―, and equal to the 200-day MA of ―, indicating a neutral trend. The MACD of ― indicates undefined momentum. The RSI at ― is undefined, neither overbought nor oversold. The STOCH value of ― is undefined, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a undefined sentiment for AU:MEX.

Uvre Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%

Uvre Ltd. Corporate Events

Minerals Exploration kicks off maiden drilling at flagship Waitekauri gold project

Minerals Exploration Limited has launched a maiden 3,000m diamond drilling campaign at its flagship Waitekauri Gold Project on New Zealand’s North Island, initially completing three holes at the Scotia prospect before moving the rig to the historic high-grade Jubilee mine, located along strike from OceanaGold’s 2.2Moz WKP deposit and just 8km from the Waihi mine. The quarter also saw MEX secure a dual listing on the NZX main board with strong local trading, advance its Otago portfolio with the grant of the Invincible prospecting permit and high-grade rock chip results at the Golden Progress mine, rebrand under its new name and leadership, and underline its funding position to sustain an active exploration program that could materially reshape its New Zealand resource base if drilling results prove successful.

The most recent analyst rating on (AU:MEX) stock is a Hold with a A$0.24 price target. To see the full list of analyst forecasts on Uvre Ltd. stock, see the AU:MEX Stock Forecast page.

Minerals Exploration Issues 2.3 Million Shares on Vesting of Employee Performance Rights

Minerals Exploration Ltd has issued 2.3 million fully paid ordinary shares following the vesting and conversion of an equivalent number of performance rights under its Employee Securities Incentive Plan, a move that modestly increases its share capital while rewarding staff and aligning their interests with shareholders. The company confirmed that the shares were issued without a prospectus under the relevant Corporations Act provisions, stated it remains compliant with its financial reporting and continuous disclosure obligations, and advised that there is no undisclosed price-sensitive information, signalling routine capital management with no immediate additional implications flagged for investors.

Minerals Exploration Limited Seeks ASX Quotation for 2.3 Million New Shares

Minerals Exploration Limited has applied for quotation on the ASX of 2.3 million new fully paid ordinary shares, issued on 19 December 2025, following the exercise of options or conversion of other securities. The additional quoted shares modestly expand the company’s equity base, potentially improving trading liquidity and providing further capital to support its ongoing minerals exploration activities, with implications for existing shareholders’ dilution and the company’s funding flexibility.