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Neometals Ltd
(OTC:NMT)
Neometals Ltd (NMT) vs. S&P 500 (SPY)
Neometals Ltd Business Overview & Revenue Model
Neometals Ltd Financial Statement Overview
| Breakdown | ||||
| Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | Gross Profit |
| -491.18K | -523.02K | -457.13K | -598.61K | -754.97K | EBIT |
| -9.60M | -22.36M | -23.19M | -15.76M | -16.11M | EBITDA |
| -15.85M | -21.84M | -14.51M | 21.82M | -19.02M | Net Income Common Stockholders |
| -69.11M | -34.80M | -11.17M | 16.34M | -14.55M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 9.65M | 25.20M | 62.39M | 95.84M | 78.24M | Total Assets |
| 42.13M | 114.27M | 146.98M | 170.23M | 149.02M | Total Debt |
| 4.11M | 937.67K | 371.76K | 699.91K | 1.22M | Net Debt |
| -4.99M | -23.50M | -59.79M | -93.20M | -75.82M | Total Liabilities |
| 5.66M | 20.75M | 20.39M | 23.46M | 19.46M | Stockholders Equity |
| 36.48M | 93.52M | 126.60M | 146.77M | 129.55M |
| Cash Flow | Free Cash Flow | |||
| -17.52M | -25.80M | -30.21M | -12.55M | -20.18M | Operating Cash Flow |
| -13.06M | -19.37M | -24.87M | -10.87M | -11.50M | Investing Cash Flow |
| -12.63M | -15.98M | -12.65M | 28.42M | -9.38M | Financing Cash Flow |
| 10.36M | -366.23K | 3.66M | -642.63K | -11.54M |
Neometals Ltd Technical Analysis
Neometals Ltd Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
59 Neutral | $7.79B | 153.13 | 2.27% | ― | -20.07% | -74.91% | |
58 Neutral | $3.03B | 1,418.92 | -36.53% | 7.41% | -28.50% | -532.61% | |
52 Neutral | $207.78M | ― | -17.81% | ― | 87.89% | -344.44% | |
51 Neutral | $4.04B | 50.78 | -33.95% | 4.54% | 2.22% | -411.10% | |
49 Neutral | $1.96B | -1.17 | -21.28% | 3.71% | 1.14% | -30.35% | |
46 Neutral | $4.73B | 23.42 | -1.04% | ― | -65.07% | -102.37% | |
40 Underperform | AU$60.02M | ― | -46.99% | ― | ― | -23.51% |
Neometals Ltd Corporate Events
Auric Mining Limited, a company listed on the Australian Securities Exchange under the ticker AWJ, is currently embroiled in a legal dispute concerning the lithium rights and royalty entitlements of the Munda Tenement M15/87. Estrella Resources Ltd has issued a writ against Auric and other parties, including Neometals Ltd and WIN Metals Ltd, claiming various rights and entitlements related to the tenement. Auric has announced its intention to vigorously defend against these claims, which could have significant implications for its operations and stakeholder interests.
Neometals Ltd has released a presentation to provide a summary of its current activities, highlighting its focus on innovation in the battery materials sector. The company emphasizes the importance of critical battery minerals and positions itself as a key player in the industry, although it advises stakeholders to conduct their own investigations and not rely solely on the provided information.
Neometals Ltd reported its quarterly cash flow, highlighting a net decrease in cash and cash equivalents by $3.6 million for the period. The report shows significant cash outflows in operating and investing activities, with a notable cash inflow from financing activities earlier in the year, indicating a strategic focus on securing capital for future operations.
Neometals Ltd’s quarterly activities report highlights significant progress in its downstream processing technologies, including the installation and commissioning of lithium-ion battery recycling plants and advancements in lithium chemicals production. The company is also moving forward with its vanadium recovery project, receiving equity funding from EIT RawMaterials, and continues to explore divestment opportunities for its Barrambie gold and titanium/vanadium assets. These developments indicate Neometals’ strategic focus on enhancing its operational capabilities and market positioning, potentially benefiting stakeholders through increased efficiency and new partnerships.
Neometals Ltd has announced a strategic shift towards gold exploration and development at its Barrambie Gold Project in Western Australia. This initiative aims to generate early-stage cash flow and diversify the company’s commodity exposure, serving as a hedge against volatility in the battery metals market. The company is focusing on the Ironclad Prospect, leveraging existing infrastructure and strategic partnerships to advance mining and processing. This gold strategy is intended to complement Neometals’ existing focus on battery materials, enhancing financial resilience and broadening revenue sources.
Neometals Ltd has announced the results of its inaugural RC drilling program at the Barrambie Gold Project, specifically focusing on the Ironclad prospect and Mystery North target. The drilling results have confirmed and extended the gold mineralization previously identified in historic data, with significant intercepts reported. The company is advancing with technical studies and planning further drilling to estimate a gold Mineral Resource by 2025. This development positions Neometals to potentially expand its gold exploration activities and enhance its market presence in the gold mining sector.
Neometals Ltd has reported its half-year financial results for the period ending December 31, 2024, highlighting significant progress in its sustainable processing solutions. The company is advancing its Lithium-ion Battery Recycling technology in collaboration with SMS group GmbH, with a plant for Mercedes-Benz currently being commissioned. Neometals is also progressing its Lithium Chemicals and Vanadium Recovery projects, aiming for low-cost production and technology licensing. The divestment of the Barrambie Titanium and Vanadium project is underway, while exploration plans for Barrambie Gold are set for early 2025. These developments position Neometals as a key player in sustainable resource recovery, with potential implications for stakeholders in terms of technological advancements and market expansion.
Neometals Ltd has appointed Mr. Mark Boyne and Mr. Giuliano Giordani as Joint Company Secretaries, effective February 20, 2025. This move allows Mr. Christopher Kelsall to focus on his role as Chief Financial Officer and the company’s key financing and commercial initiatives. The appointment brings significant industry experience to the company’s leadership, potentially enhancing Neometals’ operational efficiencies and strategic focus. This development is likely to strengthen the company’s industry positioning by leveraging the expertise of its newly appointed secretaries in legal and financial management, supporting Neometals’ ongoing growth and strategic business goals.
Neometals has released information regarding its Barrambie Gold Project, highlighting the exploration results and targets for gold mineralization in Western Australia. The company is reviewing historical exploration data and emphasizes that while the exploration results are promising, further exploration and validation are needed to confirm these findings under current standards. This announcement underscores Neometals’ strategic focus on expanding its resource base, which could enhance its positioning in the gold and titanium markets, potentially impacting its stakeholders positively if the results are validated and developed further.
Neometals Ltd announced the receipt of a second tranche of funding from EIT RawMaterials, an EU co-funded group, for the Finnish Vanadium Recovery Project (VRP1). This investment underlines EIT RawMaterials’ commitment to accelerating raw materials innovation in Europe and supports technical work programs essential for the project’s development. The funding aims to enhance Neometals’ industry positioning as a leading player in sustainable vanadium production, highlighting the company’s strategic role in securing critical resources for European industries. Neometals anticipates becoming Europe’s first domestic producer of high-purity vanadium, a critical material for various industries, including steel and energy storage.
Neometals Ltd announced the issuance of 1,424,725 performance rights under an employee incentive scheme. These unquoted equity securities are subject to transfer restrictions and will not be quoted on the ASX until these restrictions end, potentially motivating and retaining key personnel within the company.