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MRG Metals Limited
(Sydney:MRQ)
MRG Metals Limited (MRQ) vs. iShares MSCI Australia ETF (EWA)
MRG Metals Limited Business Overview & Revenue Model
MRG Metals Limited Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 5.84K | 13.27K | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 5.84K | 13.27K | 0.00 | -19.80K | 0.00 |
| EBITDA | -20.04K | 0.00 | -749.47K | -752.55K | -692.54K | -665.90K |
| Net Income | -628.41K | -939.01K | -847.05K | -846.89K | -702.34K | -665.66K |
Balance Sheet | ||||||
| Total Assets | 7.09M | 7.09M | 7.21M | 6.81M | 6.61M | 5.69M |
| Cash, Cash Equivalents and Short-Term Investments | 193.83K | 193.83K | 359.55K | 575.05K | 1.02M | 1.61M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 168.83K | 168.83K | 223.54K | 59.52K | 205.92K | 127.04K |
| Stockholders Equity | 6.92M | 6.92M | 6.98M | 6.75M | 6.40M | 5.56M |
Cash Flow | ||||||
| Free Cash Flow | -801.52K | -614.38K | -1.32M | -1.63M | -1.98M | -2.01M |
| Operating Cash Flow | -614.38K | -614.38K | -730.92K | -933.55K | -668.49K | -701.93K |
| Investing Cash Flow | -341.14K | -341.14K | -568.17K | -693.59K | -1.33M | -1.31M |
| Financing Cash Flow | 789.80K | 789.80K | 1.08M | 1.18M | 1.41M | 2.90M |
MRG Metals Limited 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% | |
53 Neutral | AU$28.63M | -2.92 | -6.79% | ― | ― | 29.34% | |
49 Neutral | AU$21.14M | -33.93 | -3.94% | ― | ― | 84.36% | |
47 Neutral | AU$22.19M | -3.11 | -213.22% | ― | ― | -15.38% | |
46 Neutral | AU$14.36M | ― | -10.45% | ― | ― | ― | |
45 Neutral | AU$18.48M | -25.00 | -4.86% | ― | ― | 42.86% | |
45 Neutral | AU$13.12M | -5.11 | -8.74% | ― | ― | -25.00% |
MRG Metals Limited Corporate Events
MRG Metals Limited has raised $730,000 before costs through a placement of 146 million fully paid ordinary shares at $0.005 per share, accompanied by 146 million free attaching options exercisable at $0.004 and expiring on 14 August 2027, to institutional and sophisticated investors. The shares were issued under ASX Listing Rule 7.1A without a prospectus in reliance on the Corporations Act’s secondary trading provisions, with the company confirming it is up to date with financial reporting and continuous disclosure obligations and that there is no excluded information, reinforcing regulatory compliance and providing additional capital for its ongoing activities.
MRG Metals Limited has applied to the ASX for quotation of 146 million new ordinary fully paid shares and 146 million options expiring on 19 August 2027, both to be issued on 24 December 2025. The substantial dual issuance, previously foreshadowed in an Appendix 3B, will expand the company’s listed capital base and provide additional tradable instruments for investors, potentially enhancing liquidity in MRQ securities and underpinning future funding flexibility for its operations and growth plans.
MRG Metals Limited has announced a proposed capital raising via the issue of up to 146 million new fully paid ordinary shares and 146 million options, with the options expiring on 19 August 2027. The placement, scheduled for issue on 24 December 2025, represents a significant potential expansion of the company’s capital base, which may provide additional funding capacity but also implies dilution for existing shareholders, signaling an important move in its ongoing financing strategy ahead of future operational or strategic initiatives.
MRG Metals has secured firm commitments to raise approximately A$0.73 million through a non-underwritten placement of 146 million shares at A$0.005 each, with free attaching options, primarily to sophisticated and professional investors, alongside an additional A$130,000 committed by its own board and the directors of Sheerartar Minerals subject to shareholder approval. The funds will be used to complete the acquisition of Sheerartar, advance the newly acquired Garies Rare Earth Project in South Africa to a mining licence application, support ongoing rare earth exploration in Mozambique, and back its fully funded heavy mineral sands joint venture, reinforcing MRG’s strategy to build a diversified critical minerals portfolio and advance multiple development and production catalysts over the next two years.
MRG Metals has completed the acquisition of Sheerartar Minerals, securing the high-grade Garies Rare Earth Project in South Africa, a Tier-1 mining jurisdiction adjacent to the Steenkampskraal Monazite Mine. The scrip-based deal gives MRG 70% ownership and operational control of the project through Tundratype, with an initial 75 million shares issued and a further 175 million contingent on the grant of a mining licence, plus additional performance-based share milestones. Early bulk sampling at Garies has returned up to 4.85% total rare earth oxides, equivalent to about 8% monazite, with a magnet-rich composition containing elevated neodymium, praseodymium, dysprosium and terbium, positioning it among the world’s highest-grade rare earth projects and aligned with strong demand in EVs, wind power, and defence applications. MRG plans to secure a mining licence, move to resource definition and permitting, and advance to pilot-scale production, providing a capital-efficient path to early cash flow while diversifying and strengthening its critical minerals portfolio beyond Mozambique and enhancing its strategic positioning in the global rare earth supply chain.
MRG Metals Limited has requested an immediate trading halt on its securities on the Australian Securities Exchange as it prepares to announce an acquisition and a capital raising. The halt will remain in place until the company releases the announcement or until trading resumes on 23 December 2025, signalling that MRG is planning a potentially significant transaction and funding initiative that could impact its capital structure and future growth strategy.
MRG Metals Limited has commenced exploration activities at its Fotinho licence in Mozambique, following the completion of necessary administrative and community processes. The exploration aims to validate and extend historical findings of monazite and rare earth elements, and to assess the continuity of mineralized systems between Fotinho and the adjacent Adriano licence. Recent drilling and sampling at Adriano have confirmed high-grade alluvial deposits, suggesting potential for a district-scale project, which could significantly enhance MRG’s industry positioning and stakeholder value.
MRG Metals Limited has announced the expansion of its heavy-mineral alluvial footprint at the Adriano Rare Earth Project in Mozambique, following additional auger drilling in the south-east area of the licence. The new drilling results, which include high total heavy mineral grades, reinforce the potential for a district-scale rare earth corridor and support the interpretation of a connected drainage system with the neighboring Fotinho area. The company plans to dispatch the next batch of samples for laboratory analysis in early January 2026, which will guide further exploration efforts and potentially enhance the company’s industry positioning.
MRG Metals Limited has announced promising high-grade laboratory results from auger drillholes at its Adriano Rare Earth Project in Mozambique, indicating significant alluvial deposits and district-scale potential for rare earth elements. These findings suggest a continuous rare earth system within the Adriano–Fotinho corridor, potentially enhancing the company’s market position and offering substantial opportunities for stakeholders in the rare earth industry.
MRG Metals Limited announced the expiry of its quoted options (ASX: MRQO), which can be exercised by holders until December 31, 2025, at a price of $0.008 per option. The company has informed option holders of their choices, including exercising, selling, or allowing the options to expire, with the last trading day for these options being December 23, 2025. This development may impact the company’s stock liquidity and shareholder composition, as option holders decide on their course of action.
MRG Metals Limited has announced that its joint venture partner, Sinowin Lithium, is actively deploying funds from the initial tranche of a US$6 million commitment to advance their heavy mineral sands project in Mozambique. The Mozambican Government’s review of the joint venture’s accounts suggests progress in the mining licence transfer process, which is crucial for commencing production. The joint venture aims to produce 130,000 to 160,000 tonnes of heavy mineral concentrate annually, with plans to ramp up to 800,000 tonnes over five years. The development is supported by significant infrastructure, including the nearly operational Port of Chongoene, enhancing the project’s viability and potential impact on stakeholders.
MRG Metals Limited has announced the issuance of 9,149,800 MRQOD options to Peak Asset Management as compensation for capital raising services, with an exercise price of $0.004 and an expiration date of August 19, 2027. This strategic move, approved at the recent Annual General Meeting, is part of the company’s efforts to strengthen its financial position and support its ongoing exploration and development activities, potentially impacting its market positioning and stakeholder interests positively.
MRG Metals Limited has announced the quotation of 9,149,800 options expiring on August 19, 2027, following approval at their Annual General Meeting on November 17, 2025. This move is expected to enhance the company’s financial flexibility and potentially attract more investors, thereby strengthening its market position.
MRG Metals Limited held its Annual General Meeting where all resolutions were successfully passed. Key resolutions included the adoption of the Remuneration Report, the re-election of Mr. Christopher Gregory, approval of a proposed MRQOD Option issue, and additional placement capacity. The approval of these resolutions indicates strong shareholder support and positions the company for continued strategic growth and operational capacity expansion.
MRG Metals Limited has dispatched pegmatite and alluvial samples from its Adriano Rare Earth Project in Mozambique for laboratory testing. This initiative aims to confirm the presence of a primary rare earth mineralization source, potentially validating the Adriano–Fotinho corridor as a significant new district-scale rare earth system. The results of these assays could have substantial implications for the company’s operations and its positioning within the rare earth elements market.
MRG Metals Limited announced that their auger drilling at the Adriano Rare Earth Project in Mozambique has confirmed four distinct alluvial deposit areas, indicating significant potential for rare earth mineralization. All 37 holes drilled showed visible heavy minerals, and the upcoming laboratory analyses will further define the rare earth element content. The discovery of high-grade heavy mineral concentrate layers in the river system suggests potential for high-grade alluvial deposits, supporting the company’s interpretation of a district-scale mineralized catchment. This development could enhance MRG’s positioning in the rare earth market and provide valuable insights for stakeholders regarding the project’s potential.
MRG Metals Limited has announced the granting of the Corridor South Mining Licence, a significant milestone for its fully funded 2-billion-tonne Corridor Sands Project in Mozambique. In partnership with Sinowin Lithium, the project aims to ramp up production to 800,000 tonnes per annum over five years, with an initial target of 130,000 to 160,000 tonnes in the first year. The announcement highlights the company’s strategic progress in the heavy mineral sands sector and its potential impact on the market, supported by a successful capital raise and ongoing exploration activities for rare earth elements.
MRG Metals Limited has confirmed the presence of four distinct alluvial deposit areas at its Adriano Rare Earth Project in Mozambique, with all 37 auger holes showing significant visible heavy minerals. This discovery, alongside the identification of high-grade heavy mineral concentrate layers within the active river system, suggests a potential district-scale mineralized catchment that includes the adjacent Fotinho area. The company plans further exploration and analysis to delineate the extent of these deposits and test the hypothesis that pegmatite veins could be the primary source of rare earth enrichment.
MRG Metals Limited has accelerated laboratory testing on samples from its Adriano Rare Earth Project in Mozambique, following promising early results. The company aims to confirm whether the discovered pegmatites are the primary source of rare earth elements found in the region’s alluvial deposits. This development could potentially position MRG Metals as a significant player in the rare earth industry, impacting its operations and offering new opportunities for stakeholders.
MRG Metals Limited has announced promising results from its auger drilling at the Adriano site, where all 17 drill holes revealed substantial quantities of heavy mineral concentrate in alluvial deposits. The discovery of pegmatite outcrops along the riverbed suggests a potential primary source of rare earth elements, which could significantly enhance the company’s resource base. The ongoing exploration program aims to further delineate these deposits and assess their commercial viability, potentially strengthening MRG Metals’ position in the rare earth market.
MRG Metals Limited has announced its upcoming Annual General Meeting, scheduled to take place on November 17, 2025, in Melbourne, Victoria. The meeting will involve discussions on various resolutions, with shareholders encouraged to review accompanying documents such as the Explanatory Statement and Proxy Form to understand the resolutions better. This event is significant for shareholders as it provides an opportunity to engage with the company’s strategic decisions and governance.
MRG Metals Limited has commenced exploration at its Adriano rare earth licence in Mozambique, with plans to extend fieldwork to the adjacent Fotinho licence. The exploration aims to define a district-scale discovery potential in the Adriano-Fotinho corridor, building on previous sampling results that showed significant rare earth anomalies. This initiative is a strategic move to advance MRG’s rare earth portfolio, complementing its joint venture with Sinowin Lithium, and is expected to create long-term value for shareholders.
MRG Metals Limited has released its corporate governance statement for the financial year ending June 30, 2025. The statement, approved by the board, outlines the company’s adherence to the ASX Corporate Governance Council’s principles and recommendations. This release highlights MRG Metals’ commitment to transparency and accountability in its governance practices, which is crucial for maintaining investor confidence and ensuring compliance with regulatory standards.