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Neometals Ltd
(Sydney:NMT)
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Rating:41Neutral
Price Target:
AU$0.02
▼(-65.00% Downside)
Action:Reiterated
Date:06/26/26
The score is held down primarily by weak financial performance (no revenue, persistent losses, negative free cash flow, and significant equity erosion). Technicals add further downside pressure with a clear downtrend below all major moving averages. Valuation provides limited support given the negative P/E and no dividend yield data.
Positive Factors
Asset-light licensing/project development model
Neometals’ strategic focus on technology licensing and project development is structurally durable: it reduces the need to operate capital‑intensive mines, scales via partner-funded projects, and creates recurring milestone/royalty income if technologies are validated and adopted by industrial partners.
Negative Factors
No reported revenue and persistent losses
The absence of operating revenue and repeated large net losses indicate the company has not yet converted technology development into commercial cashflows. Over multiple years this undermines self‑funding, increases dependence on external capital and raises execution risk for long‑dated commercialization timelines.
Read all positive and negative factors
Positive Factors
Negative Factors
Asset-light licensing/project development model
Neometals’ strategic focus on technology licensing and project development is structurally durable: it reduces the need to operate capital‑intensive mines, scales via partner-funded projects, and creates recurring milestone/royalty income if technologies are validated and adopted by industrial partners.
Read all positive factors
Neometals Ltd (NMT) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$19.26M
Dividend YieldN/A
Average Volume (3M)441.21K
Price to Earnings (P/E)―
Beta (1Y)2.46
Revenue GrowthN/A
EPS Growth71.99%
CountryAU
Employees6
SectorIndustrials
Sector Strength72
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.02
Shares Outstanding875,460,630
10 Day Avg. Volume401,358
30 Day Avg. Volume441,212
Financial Highlights & Ratios
PEG Ratio0.04
Price to Book (P/B)4.66
Price to Sales (P/S)0.00
P/FCF Ratio-6.74
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Neometals Ltd Business Overview & Revenue Model
Company Description
Neometals Ltd, an Australian entity headquartered in West Perth, was founded in 2001 and is primarily engaged in mineral exploration across Australia. The company's operations are structured into three distinct segments: Lithium, Titanium/Vanadium...
How the Company Makes Money
Neometals makes money primarily through (1) technology commercialisation and (2) returns from project development/investments, with revenue timing dependent on successful demonstration, financing, construction, and operation by project partners.
...
Neometals Ltd Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
46
Neutral
Cash Flow
22
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -490.22K | -446.28K | -491.00K | -420.12K | -457.00K | -599.00K |
| EBITDA | -12.83M | -12.58M | -28.83M | -24.83M | -14.51M | 21.82M |
| Net Income | -20.08M | -31.02M | -69.11M | -34.80M | 4.36M | 16.34M |
Balance Sheet | ||||||
| Total Assets | 26.96M | 24.29M | 42.13M | 114.27M | 146.98M | 170.23M |
| Cash, Cash Equivalents and Short-Term Investments | 6.27M | 4.44M | 9.65M | 25.20M | 62.39M | 95.84M |
| Total Debt | 4.25M | 4.50M | 4.11M | 937.67K | 371.76K | 699.91K |
| Total Liabilities | 8.74M | 6.10M | 5.66M | 20.75M | 20.39M | 23.46M |
| Stockholders Equity | 18.80M | 18.64M | 36.48M | 93.52M | 126.60M | 146.77M |
Cash Flow | ||||||
| Free Cash Flow | -9.39M | -12.88M | -13.09M | -25.80M | -30.21M | -12.55M |
| Operating Cash Flow | -9.38M | -11.51M | -13.06M | -19.37M | -24.87M | -10.87M |
| Investing Cash Flow | 3.36M | -6.39M | -12.63M | -15.98M | -12.65M | 28.42M |
| Financing Cash Flow | 1.62M | 12.90M | 10.36M | -366.23K | 3.61M | -703.08K |
Neometals Ltd Technical Analysis
Negative
0.06
Price Trends
0.03
Negative
0.04
Negative
0.05
Negative
Market Momentum
>-0.01
Negative
46.54
Neutral
87.50
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:NMT, the sentiment is Negative. The current price of 0.06 is above the 20-day moving average (MA) of 0.02, above the 50-day MA of 0.03, and above the 200-day MA of 0.05, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 46.54 is Neutral, neither overbought nor oversold. The STOCH value of 87.50 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:NMT.
Neometals Ltd Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
47 Neutral | AU$16.51M | -22.50 | -7.13% | ― | -25.35% | 95.00% | |
46 Neutral | AU$17.75M | -7.28 | -10.22% | ― | ― | 95.38% | |
46 Neutral | AU$26.52M | -10.62 | -12.22% | ― | ― | -67.65% | |
45 Neutral | AU$33.48M | -0.92 | -28.53% | ― | ― | ― | |
43 Neutral | AU$34.72M | -8.56 | -0.02% | ― | ― | 13.53% | |
41 Neutral | AU$19.26M | -0.92 | -107.26% | ― | ― | 71.99% |
* Industrials Sector Average
AU:NMT
Neometals Ltd
0.02
-0.05
-67.61%
AU:LIT
Lithium Australia NL
0.01
0.00
0.00%
AU:LEL
Lithium Energy Ltd.
0.31
-0.06
-16.22%
AU:PL9
Arizona Lithium Limited
0.01
0.00
0.00%
AU:LPM
Lithium Plus Minerals Ltd.
0.12
0.06
91.67%
AU:PL3
Patagonia Lithium Limited
0.12
0.08
215.79%
Neometals Ltd Corporate Events
Neometals Issues New Shares to Former Director Under Capital Raising Placement
Jul 1, 2026
Neometals has issued 625,000 new fully paid ordinary shares at A$0.04 each to former director Gregory Evans, following shareholder approval and as part of the placement component of its broader capital raising. The issuance, executed on the same t...
Neometals Faces Further Delay in Tranche Two Placement Funding
Jul 1, 2026
Neometals has yet to receive the subscription funds for the second tranche of a previously approved placement from Omaha Value Holdings, despite Omaha’s commitment to pay by 30 June 2026. The investor has cited delays in consolidating capita...
Neometals Discloses Equity Interests of New Director Darren Townsend
Jun 30, 2026
Neometals Ltd has disclosed the initial director’s interest notice for newly appointed director Darren Paul Townsend, effective 30 June 2026. The filing details his holdings of performance rights across multiple vesting years and his indirec...
Neometals director boosts stake via participation in capital raising
Jun 29, 2026
Neometals Ltd has reported a change in director Gregory Richard Evans’ relevant interest in the company, disclosing that his interest is held indirectly through the Evans Family Super Fund account. The filing notes that prior to this transac...
Neometals reshapes board and extends CEO deal amid funding milestone
Jun 28, 2026
Neometals has announced upcoming board changes, with directors Leslie Guthrie and Gregory Evans set to resign effective 30 June 2026, and chief operating officer Darren Townsend to be appointed as an interim executive director to maintain board co...
Neometals Seeks ASX Quotation for 625,000 New Shares
Jun 26, 2026
Neometals Ltd has applied to the Australian Securities Exchange for the quotation of 625,000 new ordinary fully paid shares, to be issued on June 29, 2026, under its existing capital management arrangements. The additional securities, lodged via a...
Neometals Defers Tranche 2 Placement Settlement Amid Investor Delays
Jun 25, 2026
Neometals Ltd has updated its disclosure to the ASX regarding a proposed securities issue under a placement structure, identified as a Tranche 2 Placement. The update confirms the company’s ongoing intention to proceed with the capital raisi...
Neometals Tightens Spending as Key Placement Tranche Faces Funding Delay
Jun 24, 2026
Neometals has delayed settlement of the second tranche of a placement after not yet receiving about A$5 million in subscription funds from primary investor Omaha Value Holdings, Inc., prompting a trading halt while timing is clarified. Omaha has i...
Neometals Shares Halted Ahead of Tranche 2 Placement Settlement Update
Jun 22, 2026
Neometals Ltd has requested a trading halt on its shares on the ASX, effective from the open of trading on 23 June 2026. The halt follows the company’s ongoing capital management program, including a previously announced placement that was a...
Neometals Defers Tranche 2 Placement Settlement, Sees No Material Impact
Jun 9, 2026
Neometals Ltd has deferred the settlement and allotment dates for the second tranche of a previously approved share placement, pushing them from early June to 18 and 19 June 2026. The change was made to accommodate administrative delays at primary...
Neometals Wins Strong Shareholder Backing for Capital Resolutions at EGM
May 29, 2026
Neometals Ltd has reported the results of its Extraordinary General Meeting held on 29 May 2026, confirming strong shareholder support for all four resolutions put to vote. Each resolution, covering the ratification and approval of share placement...
Neometals outlines strategic shift toward gold production
May 29, 2026
Neometals has released an extraordinary general meeting presentation outlining its transition toward becoming a gold producer. The materials emphasise that the company is reshaping its project portfolio and operational focus to align with gold pro...
Neometals Updates Reed’s Shareholdings as Performance Rights Expire
May 22, 2026
Neometals Ltd has disclosed changes to the holdings of managing director Christopher John Reed, detailing both direct and indirect interests in company securities. The notice shows that Reed and associated entities acquired additional fully paid o...
Neometals Trims Incentive Pool as 1.9m Performance Rights Lapse
May 22, 2026
Neometals Ltd has notified the market that 1,927,425 performance rights, quoted as NMTAA on the ASX, have lapsed after the conditions attached to these rights were not met or became incapable of being satisfied as of 21 May 2026. The cessation of ...
Neometals outlines cautious transition toward gold production
May 8, 2026
Neometals has released a TSN GEMS presentation outlining its strategic transition into a gold producer, framing the document as a high-level overview of its projects and activities as of May 2026. The company emphasises that the material is inform...
Neometals to Showcase Critical Metals Portfolio at ASX Gems Investor Conference
May 7, 2026
Neometals Ltd will showcase its critical metals strategy at The Stock Network’s ASX Gems Investor Conference: Critical Metals via a live-streamed presentation by Managing Director and CEO Chris Reed. The session will be available on The Stoc...
Neometals advances Barrambie gold, secures Utah brine stake and raises capital for growth
Apr 30, 2026
Neometals reported strong exploration progress at its Barrambie Gold Project, including high-grade assay results, an updated mineral resource estimate and a positive scoping study for open-pit production at the Ironclad deposit. It also agreed a f...
Neometals Opens A$5.1m Entitlement Offer Alongside A$7.9m Placement
Apr 29, 2026
Neometals Ltd has opened a 1-for-6 pro-rata, non-underwritten and non-renounceable entitlement offer of new shares priced at A$0.04, aiming to raise about A$5.1 million from eligible shareholders. The offer runs in parallel with a two-tranche plac...
Neometals launches first tranche of share placement alongside entitlement offer
Apr 29, 2026
Neometals Ltd has issued 71,875,000 new fully paid ordinary shares at A$0.04 each to sophisticated, professional and institutional investors as the first tranche of a previously announced placement. A second tranche remains subject to shareholder ...
Neometals Calls May 2026 EGM to Approve Major Share Placements
Apr 28, 2026
Neometals Ltd has called an Extraordinary General Meeting for 29 May 2026 in Perth to seek shareholder approvals related to a recent and proposed share placement. The company is asking investors to ratify the prior issue of 71,875,000 Tranche 1 Pl...
Neometals Seeks ASX Quotation for 71.9 Million New Shares
Apr 27, 2026
Neometals Ltd has applied to the Australian Securities Exchange for quotation of 71,875,000 new ordinary fully paid shares, with an issue date of 29 April 2026. The substantial addition to its quoted share capital signals a significant capital-rel...
Neometals Rejects Mandrake Claim Dispute at Utah Brine Project
Apr 27, 2026
Neometals has issued a clarification regarding its Utah Brine Project after Mandrake Resources alleged that lithium placer claims filed by Utah Brine Corporation, in which Neometals holds a 51% stake, overlap Mandrake’s existing claims and a...
Neometals Sets Large-Scale Potash and Lithium Target at Utah Brine Project
Apr 23, 2026
Neometals has announced a maiden Exploration Target for potash and lithium at its 51%-owned Utah Brine Project in the Paradox Basin, outlining a potential 94 to 325 million tonnes of muriate of potash and 1.9 to 6.5 million tonnes of lithium carbo...
Neometals Plans Major Equity Raise via Pro Rata Issue and Placement
Apr 19, 2026
Neometals Ltd has outlined plans for a significant capital raise via a non-renounceable pro rata issue of up to 128,415,257 ordinary fully paid shares to existing shareholders, alongside an additional placement of up to 71,875,000 shares. The new ...
Neometals launches equity raising to fund shift into gold production
Apr 19, 2026
Neometals Ltd has prepared an investor presentation dated 20 April 2026 to support a capital raising comprising a two-tranche placement of new shares to eligible institutional and sophisticated investors and a non-renounceable entitlement offer to...
Neometals Seeks Trading Halt Ahead of Equity Raising Announcement
Apr 15, 2026
Neometals Ltd has requested and been granted a trading halt in its shares on the ASX, effective from the open of trading on 16 April 2026, while it prepares a market announcement. The halt will remain in place until either the release of that anno...
Neometals Strikes Funded Joint Venture to Fast‑Track Ironclad Gold Development
Apr 12, 2026
Neometals, via subsidiary Avanti Exploration, has signed a binding definitive agreement with BML Ventures to develop the Ironclad gold deposit at its 100% owned Barrambie Gold Project in Western Australia. The structure keeps Avanti’s full o...
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.