Neometals Ltd (AU:NMT)
ASX:NMT
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Neometals Ltd
(Sydney:NMT)
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Rating:42Neutral
Price Target:
AU$0.05
▼(-20.00% Downside)
Action:ReiteratedDate:03/28/26
The score is primarily weighed down by weak financial performance (no revenue, ongoing losses, and persistent negative free cash flow) and erosion of equity that elevates funding/dilution risk. Technicals add further pressure given the clear downtrend and negative momentum. Valuation provides limited offset because the company is loss-making (negative P/E) and no dividend yield is available.
Positive Factors
Strategic focus on battery materials & recycling
Neometals targets structurally growing addressable markets: battery metals, recycling and vanadium for energy storage. These secular trends (EVs, grid storage) create multi-year demand for recycled materials and processing tech, supporting long-term licensing and plant opportunities.
Negative Factors
No reported revenue and persistent losses
The company has not converted its technology development into operating revenue, producing repeated large losses. Over months, lack of operational sales undermines the commercial viability of its model and increases dependence on financing rather than organic cash generation.
Read all positive and negative factors
Positive Factors
Negative Factors
Strategic focus on battery materials & recycling
Neometals targets structurally growing addressable markets: battery metals, recycling and vanadium for energy storage. These secular trends (EVs, grid storage) create multi-year demand for recycled materials and processing tech, supporting long-term licensing and plant opportunities.
Read all positive factors
Neometals Ltd (NMT) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$39.30M
Dividend YieldN/A
Average Volume (3M)441.21K
Price to Earnings (P/E)―
Beta (1Y)2.12
Revenue GrowthN/A
EPS Growth63.36%
CountryAU
Employees6
SectorIndustrials
Sector Strength72
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding770,491,500
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 (NMT) is an Australian-based company focused on developing and commercializing mineral and advanced materials projects with a particular emphasis on sustainability and the circular economy. The company is involved in the exploration ...
How the Company Makes Money
Neometals’ earnings are primarily intended to come from commercialising its processing technologies and holding interests in projects that deploy those technologies. Key revenue pathways include: (1) Technology commercialisation: licensing its pro...
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
0.06
Negative
0.06
Negative
0.06
Negative
Market Momentum
>-0.01
Positive
36.79
Neutral
19.44
Positive
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 0.05, above the 50-day MA of 0.06, and above the 200-day MA of 0.06, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 36.79 is Neutral, neither overbought nor oversold. The STOCH value of 19.44 is Positive, 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% | |
51 Neutral | AU$36.24M | -3.45 | -11.31% | ― | ― | ― | |
48 Neutral | AU$17.27M | -3.29 | -10.22% | ― | ― | ― | |
47 Neutral | AU$22.71M | 25.00 | -7.13% | ― | 2.92% | 61.36% | |
45 Neutral | AU$33.48M | -33.33 | -28.53% | ― | ― | 96.00% | |
43 Neutral | AU$36.96M | -11.22 | -0.02% | ― | ― | -12.34% | |
42 Neutral | AU$39.30M | -25.46 | -107.26% | ― | ― | 63.36% |
* Industrials Sector Average
AU:NMT
Neometals Ltd
0.05
-0.01
-16.39%
AU:LIT
Lithium Australia NL
0.01
<0.01
10.00%
AU:LEL
Lithium Energy Ltd.
0.33
-0.04
-10.81%
AU:PL9
Arizona Lithium Limited
0.01
0.00
0.00%
AU:LPM
Lithium Plus Minerals Ltd.
0.13
0.07
116.67%
AU:PL3
Patagonia Lithium Limited
0.17
0.11
161.54%
Neometals Ltd Corporate Events
Neometals Issues 13 Million Unlisted Options in Capital Management Move
Mar 26, 2026
Neometals Ltd has notified the market of the issue of 13,000,000 unlisted options, with an issue date of 20 March 2026, under an Appendix 3G filing to the ASX. The unquoted options, which are not intended to be listed on the exchange, signal the c...
Neometals’ Silver Assays Bolster Copper-Silver Potential at Rinaldi Prospect
Mar 25, 2026
Neometals has reported new silver and gold assay results that materially strengthen earlier copper intersections at the historic Rinaldi Copper prospect, confirming a coherent primary hydrothermal copper-silver system. The assays show strong corre...
Neometals Plans Issue of 13 Million New Unlisted Options
Mar 20, 2026
Neometals Ltd has lodged an Appendix 3B with the ASX outlining a proposal to issue up to 13 million new unlisted options as part of a placement or other form of security issue. The options will constitute a new class of securities for the company,...
Neometals re-enters upstream lithium with Utah brine joint venture
Mar 20, 2026
Neometals has agreed to acquire a 51% stake in Utah Brine Corporation, a special purpose vehicle holding a large lithium and potash brine project in Utah’s Paradox Basin, by funding up to US$2 million in project costs over three years. The d...
Neometals Confirms Primary Copper Sulphides at Barrambie’s Rinaldi Prospect
Mar 19, 2026
Neometals has completed a first-pass reverse circulation drilling program at the historic Rinaldi copper prospect within its Barrambie Project, drilling five holes for 495 metres and receiving initial assays from 50 of 526 samples. The company has...
Neometals Posts Positive Scoping Study for Ironclad Gold at Barrambie
Mar 18, 2026
Neometals has completed a positive scoping study for the potential Phase 1 development of the Ironclad gold deposit at its Barrambie Gold Project in Western Australia. The study indicates a rapid pathway to producing 10,000 to 11,000 ounces of gol...
Neometals Advances Barrambie Gold JV and Scales Critical Materials Processing Portfolio
Mar 12, 2026
Neometals’ half-year report outlines progress across its Barrambie Gold Project, where infill and extensional drilling at the Ironclad deposit was completed in the December 2025 quarter, followed by assay results in early 2026 and an updated...
Neometals Extends Ironclad Gold Joint Venture Exclusivity with BML Ventures
Mar 11, 2026
Neometals has extended by 30 days the exclusivity period of its non-binding Letter of Intent with BML Ventures to develop the Ironclad Deposit at its wholly owned Barrambie Gold Project in Western Australia. The extension gives BML time to complet...
Neometals JV Extends Rio Tinto MoU to Advance ELi Lithium Process
Feb 5, 2026
Neometals’ 70:30 joint venture vehicle Reed Advanced Materials, co-owned with Mineral Resources, has extended its memorandum of understanding with Rio Tinto subsidiary Livent USA Corp. for a further 12 months to advance validation of its ELi...
Neometals Advances Gold, Vanadium and US Brines Strategy on Strong Quarterly Progress
Jan 22, 2026
Neometals’ December 2025 quarter was marked by strong progress at its 100%-owned Barrambie Gold Project, where an 8,457m reverse circulation drilling program delivered high-grade gold intercepts at the Barrambie Ranges trend, Ironclad deposi...
Neometals Confirms High-Grade Gold at Barrambie as Ironclad Resource Update Advances
Jan 14, 2026
Neometals has reported all gold assay results from recent reverse circulation drilling at the Ironclad deposit and historic Mystery mine area within its Barrambie Gold Project, confirming multiple high-grade intercepts that support the existing ge...
Neometals’ Reed Advanced Materials Strikes Electrolysis Partnership with De Nora to Advance ELi Lithium Process
Jan 13, 2026
Neometals’ 70%-owned Reed Advanced Materials has entered a three-year collaboration with Italian electrochemical specialist Industrie De Nora and its Japanese arm to integrate De Nora’s electrolysis technology with RAM’s propriet...
Neometals Extends Utah Well Access Option to Advance Paradox Basin Opportunities
Jan 13, 2026
Neometals has secured a 60-day extension to its exclusivity and option agreement with US partner Omaha Value, Inc. for access and usage rights over inactive oil and gas wells, leases and geological data in Utah held by American Helium LLC and Asce...
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.