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Patriot Lithium Ltd. (AU:PAT)
ASX:PAT
US Market

Patriot Lithium Ltd. (PAT) AI Stock Analysis

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AU:PAT

Patriot Lithium Ltd.

(Sydney:PAT)

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Neutral 50 (OpenAI - 5.2)
Rating:50Neutral
Price Target:
AU$0.07
▲(30.00% Upside)
Overall score is held back primarily by weak financial performance (persistent losses, very low revenue base, and ongoing negative free cash flow despite low leverage). Technical indicators are comparatively supportive (price above major moving averages with positive MACD), but valuation remains constrained by negative earnings and no dividend yield.
Positive Factors
Conservative balance sheet (low leverage)
Minimal debt materially reduces refinancing and interest-rate risk for an exploration company. A low-leverage structure preserves financial optionality to fund drilling or partner transactions, making the company more resilient across commodity cycles and funding windows.
Improving cash burn trajectory
A marked reduction in negative free cash flow signals operational control or lower cash intensity of recent programs. If this trend continues it extends runway, lowers near-term funding needs, and increases the chance management can advance projects without urgent dilution.
Initial transition to revenue generation
Recording first material revenue indicates early-stage commercial progress beyond pure exploration. Even small revenues can validate routes to market or partnerships, supporting future scaling, JV structures, or transactions that can diversify funding and derisk project valuation.
Negative Factors
Persistent and large operating losses
Sustained large losses show the business has not yet achieved scalable operations or positive margins. Continued negative profitability will deplete shareholder capital, constrain reinvestment, and increase dependence on external capital, impairing long-term value creation.
Ongoing negative cash flow and funding dependence
Consistent negative operating and free cash flow means the company cannot self-fund exploration and development. This structural funding gap raises dilution risk, limits ability to pursue timely drill programs, and can slow project advancement in tighter capital markets.
Eroding equity base
A shrinking equity base reflects accumulated losses and reduces the balance-sheet buffer against exploration setbacks. Lower net assets constrain borrowing capacity, limit strategic flexibility, and increase the likelihood of dilutive capital raises or asset disposals to fund operations.

Patriot Lithium Ltd. (PAT) vs. iShares MSCI Australia ETF (EWA)

Patriot Lithium Ltd. Business Overview & Revenue Model

Company DescriptionPatriot Lithium Limited engages in acquiring, exploring, developing, and mining high grade hard rock lithium projects in North America. It holds interests in the Keystone project located in South Dakota; Tinton West project located in South Dakota and Wyoming; and Wickenburg project located in Arizona. The company was incorporated in 2021 and is based in Perth, Australia.
How the Company Makes MoneyPatriot Lithium Ltd. makes money by exploring and developing lithium mining projects, which it either operates itself or sells to larger mining companies. Revenue is generated through the sale of lithium ore and concentrates extracted from its mining operations. The company may also engage in strategic partnerships or joint ventures with other mining firms, technology companies, or battery manufacturers to enhance its extraction and production capabilities, thereby accessing additional revenue streams or royalty agreements. Key factors contributing to its earnings include the global demand for lithium, the price of lithium in the commodities market, and the company's ability to efficiently extract and process lithium from its reserves.

Patriot Lithium Ltd. Financial Statement Overview

Summary
Financial profile is weak: the company is still loss-making with very low revenue and extremely negative margins, and cash flow remains meaningfully negative (ongoing funding dependence). The main offset is a conservatively financed balance sheet with minimal debt, though equity has declined over time due to losses.
Income Statement
18
Very Negative
The company remains in a loss-making phase. While FY2025 shows initial revenue of ~194k versus zero in prior years, profitability is still very weak with FY2025 net margin around -2,043% and EBIT deeply negative. Losses also expanded materially from FY2024 to FY2025 (net loss ~-4.0m vs ~-6.7m improved, but still large), indicating the business has not yet reached a scalable, self-funding operating model.
Balance Sheet
54
Neutral
The balance sheet is conservatively financed with essentially no debt (debt-to-equity at/near 0 in recent years), which reduces refinancing risk. However, equity has declined meaningfully from FY2023 (~6.3m) to FY2025 (~3.0m), reflecting ongoing losses and cash burn. Returns on equity are strongly negative across periods, signaling that capital is being consumed rather than compounded.
Cash Flow
22
Negative
Cash generation is a key weakness: operating cash flow and free cash flow are consistently negative (FY2025 operating cash flow ~-2.7m; free cash flow ~-2.8m). Cash burn improved versus FY2024 (free cash flow ~-5.2m), but the company is still reliant on external funding to sustain operations. Free cash flow roughly tracks net losses, suggesting limited non-cash offsets and no clear path yet to self-funding cash flows.
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue194.06K194.06K0.000.000.000.00
Gross Profit194.06K194.06K-62.83K-36.60K-27.45K0.00
EBITDA-3.11M-3.11M-6.69M-4.85M-646.61K-18.46K
Net Income-3.96M-3.96M-6.75M-4.89M-755.17K-18.46K
Balance Sheet
Total Assets3.08M3.08M4.50M6.59M667.89K65.58K
Cash, Cash Equivalents and Short-Term Investments1.34M1.34M2.34M5.09M347.16K64.28K
Total Debt0.000.000.0012.39K49.12K0.00
Total Liabilities86.68K86.68K168.59K262.63K314.13K14.04K
Stockholders Equity2.99M2.99M4.33M6.33M353.76K51.54K
Cash Flow
Free Cash Flow-2.79M-2.79M-5.18M-3.65M-684.03K-5.72K
Operating Cash Flow-2.66M-2.66M-5.18M-3.40M-398.84K-5.72K
Investing Cash Flow-123.89K-123.89K70.16K-1.28M-285.20K0.00
Financing Cash Flow1.77M1.77M2.35M9.43M966.92K70.00K

Patriot Lithium Ltd. Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.05
Price Trends
50DMA
0.05
Positive
100DMA
0.05
Positive
200DMA
0.05
Positive
Market Momentum
MACD
<0.01
Positive
RSI
54.82
Neutral
STOCH
21.43
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:PAT, the sentiment is Positive. The current price of 0.05 is below the 20-day moving average (MA) of 0.06, below the 50-day MA of 0.05, and below the 200-day MA of 0.05, indicating a bullish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 54.82 is Neutral, neither overbought nor oversold. The STOCH value of 21.43 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:PAT.

Patriot Lithium Ltd. Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
61
Neutral
$10.43B7.12-0.05%2.87%2.86%-36.73%
50
Neutral
AU$12.71M-2.02-108.28%58.34%
50
Neutral
AU$63.66M103.954.75%
45
Neutral
AU$131.27M-0.91-200.54%-620.20%
45
Neutral
AU$15.56M-3.60-40.27%-114.29%
42
Neutral
AU$13.67M-3.62-213.82%-32.39%
42
Neutral
AU$41.46M-14.55-31.20%26.67%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:PAT
Patriot Lithium Ltd.
0.06
0.02
31.91%
AU:BCA
Black Canyon Limited
0.40
0.33
489.55%
AU:CR1
Constellation Resources Ltd.
0.17
-0.03
-15.00%
AU:LML
Lincoln Minerals Limited
0.02
<0.01
45.45%
AU:RML
Resolution Minerals Ltd.
0.07
0.05
441.67%
AU:CTN
Shree Minerals Limited
0.13
0.08
171.74%

Patriot Lithium Ltd. Corporate Events

Patriot Resources Calls February General Meeting, Urges Shareholder Participation
Jan 13, 2026

Patriot Resources Limited has called a General Meeting of shareholders to be held in person at its Subiaco, Western Australia office on 13 February 2026 at 10:30am WST. The company has made the Notice of Meeting and Explanatory Memorandum available online via its website and the ASX announcements platform, and has confirmed that hard copies will only be provided to those investors who have elected to receive physical documents under updated corporate communication laws. Shareholders are being urged to vote on the resolutions, either by attending in person or by lodging a proxy form with the company’s share registry, Automic Registry Services, by 11 February 2026, with eligibility to vote determined by the shareholder register as at 4:00pm WST that day. The announcement underscores the importance of the meeting for investors’ interests and signals Patriot’s ongoing reliance on digital channels and formal governance processes to manage shareholder engagement and decision-making.

The most recent analyst rating on (AU:PAT) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on Patriot Lithium Ltd. stock, see the AU:PAT Stock Forecast page.

Patriot Resources Confirms Polymetallic Potential at Kitumba’s B1 Target With Strong Silver and Gold Assays
Jan 12, 2026

Patriot Resources has reported significant silver and gold assays from its Phase 1 trenching program at the B1 target within the Kitumba 27715 project in Zambia, adding to previously announced strong copper, zinc and lead results. The new assays, combined with coincident induced polarisation anomalies and geophysical signatures extending the main target zone and identifying parallel structures, further validate B1 as a promising near-surface polymetallic system and support the company’s plans to expand geophysical surveys and commence Phase 2 trenching to refine future drilling targets.

The most recent analyst rating on (AU:PAT) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on Patriot Lithium Ltd. stock, see the AU:PAT Stock Forecast page.

Patriot Resources Issues 40 Million New Shares and Lodges Cleansing Notice
Dec 22, 2025

Patriot Resources Limited has issued 40 million ordinary fully paid shares at $0.0475 per share, following an earlier announcement on 11 December 2025, and has lodged an application for quotation of these new shares on the ASX. The company has provided a cleansing notice under section 708A of the Corporations Act confirming that the shares were issued without a prospectus, that it is compliant with its financial reporting and continuous disclosure obligations, and that there is no withheld information material to assessing the company or the rights attached to the new shares, thereby facilitating secondary trading and reinforcing regulatory transparency for investors.

Patriot Resources Issues 40 Million New Shares and Confirms Regulatory Compliance
Dec 22, 2025

Patriot Resources Limited has issued 40 million fully paid ordinary shares at $0.0475 per share, following its earlier announcement on 11 December 2025, as part of its capital management activities. The company has lodged the required Appendix 2A detailing the new securities and has confirmed that the share issue was conducted without a prospectus under the relevant provisions of the Corporations Act, while affirming its ongoing compliance with reporting obligations and that there is no undisclosed price-sensitive information, which supports regulatory transparency and investor confidence.

Patriot Resources Seeks ASX Quotation for 40 Million New Shares
Dec 22, 2025

Patriot Resources Limited has applied to the ASX for quotation of 40 million fully paid ordinary shares under its existing ticker PAT, expanding the pool of tradeable securities on issue. The issuance, linked to previously announced transactions, represents a notable increase in the company’s quoted capital base and may enhance liquidity for shareholders while signaling ongoing corporate or financing activity, though no additional operational or strategic details are provided in the filing.

Patriot Resources Limited Announces Proposed Securities Issue
Dec 11, 2025

Patriot Resources Limited has announced a proposed issue of securities, including 7,000,000 options expiring in January 2029 and 89,473,684 fully paid ordinary shares. This move is part of a placement or other type of issue, with the proposed issue date set for December 17, 2025. The announcement may impact the company’s market positioning by potentially increasing its capital base and providing additional resources for growth and operations.

Patriot Resources Secures $4.25 Million in Oversubscribed Capital Raising
Dec 11, 2025

Patriot Resources Limited has successfully completed an oversubscribed capital raising, securing $4.25 million to fund its recent acquisition of the Tassa Silver Gold Deposit in Peru, as well as exploration projects for copper and lithium. The placement, which was well-received by existing and new investors, will support the company’s strategic growth initiatives and enhance its market position in the mining sector.

Patriot Resources Unveils Promising Silver-Gold Discovery in Peru
Dec 9, 2025

Patriot Resources Limited has announced an emerging silver-gold discovery at its Tassa Silver Project in Peru’s prolific Southern Epithermal Belt. This development positions the company to potentially enhance its market presence in the mining sector, offering promising opportunities for stakeholders and investors interested in silver and gold resources.

Patriot Lithium Ltd. Acquires Tassa Silver and Gold Deposit in Peru
Dec 9, 2025

Patriot Lithium Ltd. has announced the acquisition of a 100% interest in the Tassa Silver and Gold Deposit in Peru, enhancing its portfolio with a high-grade silver and gold resource. The acquisition involves an initial consideration of 20 million shares and $500,000, with further payments contingent on resource milestones. The Tassa deposit, confirmed through a drilling program, shows promising results with significant silver and gold mineralization. This acquisition is expected to strengthen Patriot’s position in the mining industry, complementing its existing lithium and copper projects in Canada and Zambia, and potentially increasing its appeal to stakeholders.

Patriot Resources Initiates Trading Halt for Strategic Announcements
Dec 8, 2025

Patriot Resources Limited, listed on the ASX under the ticker PAT, has requested a trading halt on its securities. This halt is pending the release of announcements concerning a proposed acquisition of an exploration project and a capital raising initiative. The trading halt is expected to last until the announcements are made or until normal trading resumes on December 11, 2025. This move could have significant implications for the company’s strategic direction and financial positioning, impacting stakeholders and market perception.

Patriot Resources Expands Land Holdings in Zambia’s Copper-Rich Mumbwa District
Nov 20, 2025

Patriot Resources Limited has acquired an 80% interest in the Mirkal and Chimban exploration licenses within Zambia’s copper-rich Mumbwa district, aligning with its existing Kitumba project. This acquisition strengthens Patriot’s land position without additional cash expenditure, enhancing its exploration capabilities in a highly prospective region, which could potentially increase shareholder value.

Patriot Lithium Ltd. Announces Successful AGM Outcomes
Nov 20, 2025

Patriot Lithium Ltd. announced the successful outcomes of its Annual General Meeting held on November 20, 2025, where all proposed resolutions were passed. Key resolutions included the adoption of the remuneration report, re-election of a director, approval of a mandate, issuance of securities under an employee incentive plan, and amendments to the company’s constitution. These decisions are expected to strengthen the company’s governance and operational framework, potentially enhancing its market position and stakeholder confidence.

Patriot Resources Expands Mineralized Footprint at Kitumba Project
Nov 17, 2025

Patriot Resources Limited has announced significant mineralized intercepts from its Phase 1 trenching program at Target B1 within the Kitumba project in Zambia. The results indicate a larger mineralized footprint and suggest the potential for a significant polymetallic system, with ongoing geophysical surveys to refine drilling targets. This development is part of Patriot’s broader strategy to expand its battery metals portfolio, which includes the Gorman Lithium Project in Canada, benefiting from streamlined mining approvals in Ontario.

Patriot Resources Expands Copper-Gold Exploration at Kitumba
Oct 30, 2025

Patriot Resources Limited has successfully completed Phase 1 of its trenching program at Target B1 within the Kitumba Project in Zambia, expanding the surface copper footprint significantly. The program revealed multiple mineralized zones with visible copper minerals, and the company plans to conduct further geophysical surveys to refine future drilling targets and enhance its exploration strategy.

Patriot Lithium Advances Zambian Copper Strategy and Refocuses Exploration Efforts
Oct 29, 2025

Patriot Lithium Ltd. has confirmed high-grade copper mineralization at its Kitumba 27715 Project in Zambia, with consistent findings across a 40-meter strike zone. The company has approved further trenching and geophysical surveys to expedite drill targeting, reinforcing its strategic position in Zambia. Additionally, Patriot has discontinued its Sugarloaf option to concentrate on high-confidence assets, while maintaining its Canadian lithium interests through ongoing engagements at the Gorman Lithium Project.

Patriot Resources Schedules 2025 Annual General Meeting
Oct 21, 2025

Patriot Resources Limited has announced the scheduling of its 2025 Annual General Meeting, which will take place in person on November 20, 2025, in Subiaco, Western Australia. Shareholders are encouraged to participate either by attending or by proxy, with the necessary documents available online. This meeting is a significant event for stakeholders as it provides an opportunity to discuss the company’s operations and future plans, potentially impacting its market positioning and strategic direction.

Patriot Resources Limited Announces Key Resolutions for Upcoming AGM
Oct 21, 2025

Patriot Resources Limited has announced its upcoming Annual General Meeting, set to take place on November 20, 2025, in Subiaco, WA. The meeting will address several key resolutions, including the adoption of the Remuneration Report, the re-election of Director Philip Thick, approval of a 7.1A mandate for issuing equity securities, and updates to the Employee Incentive Securities Plan. Additionally, the company seeks to renew its proportional takeover provisions and amend its constitution to include a securities issue cap. These resolutions are pivotal for the company’s governance and strategic direction, potentially impacting shareholder value and corporate operations.

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.Date of analysis: Jan 10, 2026