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

Patriot Lithium Ltd. (PAT) AI Stock Analysis

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AU

Patriot Lithium Ltd.

(Sydney:PAT)

Rating:41Neutral
Price Target:
Patriot Lithium Ltd. scores low due to significant financial challenges, including zero revenue and increasing losses. While the company benefits from a strong cash position and no debt, its reliance on external financing and lack of profitability are major concerns. Positive short-term technical trends provide some optimism, but the negative valuation metrics underscore the risks. Overall, the stock's weak financial performance is the most significant factor, heavily impacting the score.

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
Patriot Lithium Ltd. faces significant financial challenges, with no revenue generation and increasing losses. The company's strong cash position and lack of debt provide some financial cushion. However, sustained negative cash flow from operations and reliance on financing highlight the need for a strategic shift to achieve revenue growth and operational efficiency.
Income Statement
15
Very Negative
Patriot Lithium Ltd. has consistently reported zero revenue across all periods, indicating no sales activities. The company also shows negative gross profits due to cost of goods sold exceeding revenue. Additionally, there is a trend of increasing losses over time, as reflected by the negative EBIT and EBITDA figures in previous periods. These factors suggest significant challenges in achieving profitability and sales growth.
Balance Sheet
40
Negative
The balance sheet reveals a strong equity position with significant cash reserves and no debt, implying financial stability and a low-risk profile from a leverage standpoint. However, declining total assets and equity over time could be a concern. The equity ratio indicates a firm foundation, but the lack of revenue generation remains a substantial risk.
Cash Flow
20
Very Negative
Patriot Lithium Ltd. has consistently negative operating and free cash flows, indicating cash outflows from operations. The company relies on financing activities to cover these shortfalls, evidenced by positive financing cash flow in past periods. This reliance on external funding could pose a risk if fundraising efforts do not continue to succeed.
BreakdownTTMJun 2024Jun 2023Jun 2022Jun 2021
Income Statement
Total Revenue0.000.000.000.000.00
Gross Profit-58.58K-62.83K-36.60K-27.45K0.00
EBITDA-5.90M-4.85M-646.61K-18.46K
Net Income-6.75M-755.17K-18.46K
Balance Sheet
Total Assets3.05M4.50M6.59M667.89K65.58K
Cash, Cash Equivalents and Short-Term Investments960.74K2.34M5.09M347.16K64.28K
Total Debt0.000.0012.39K49.12K0.00
Total Liabilities106.66K168.59K262.63K314.13K14.04K
Stockholders Equity2.94M4.33M6.33M353.76K51.54K
Cash Flow
Free Cash Flow-5.18M-3.65M-684.03K-5.72K
Operating Cash Flow-5.18M-3.40M-398.84K-5.72K
Investing Cash Flow70.16K-1.28M-285.20K0.00
Financing Cash Flow2.35M9.43M966.92K70.00K

Patriot Lithium Ltd. Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.06
Price Trends
50DMA
0.06
Negative
100DMA
0.05
Positive
200DMA
0.05
Positive
Market Momentum
MACD
>-0.01
Negative
RSI
54.00
Neutral
STOCH
117.86
Negative
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 0.06 is above the 20-day moving average (MA) of 0.06, below the 50-day MA of 0.06, and above the 200-day MA of 0.05, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 54.00 is Neutral, neither overbought nor oversold. The STOCH value of 117.86 is Negative, 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 (44)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
44
Neutral
C$992.05M-6.72-13.73%2.53%17.45%-32.50%
AURML
44
Neutral
AU$32.91M-27.37%51.38%
AUCTN
42
Neutral
AU$9.70M-42.30%-66.67%
AUPAT
41
Neutral
AU$8.96M-146.74%48.25%
AUCR1
40
Underperform
AU$9.37M-128.56%-40.78%
AULML
39
Underperform
AU$14.72M-48.27%28.00%
AUBCA
34
Underperform
AU$22.04M-26.00%3.08%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:PAT
Patriot Lithium Ltd.
0.06
<0.01
20.00%
AU:BCA
Black Canyon Limited
0.18
0.10
125.00%
AU:CR1
Constellation Resources Ltd.
0.13
-0.03
-18.75%
AU:LML
Lincoln Minerals Limited
AU:RML
Resolution Minerals Ltd.
0.04
0.02
100.00%
AU:CTN
Shree Minerals Limited

Patriot Lithium Ltd. Corporate Events

Patriot Lithium Expands Exploration in Mumbwa’s Copper-Rich Region
Apr 30, 2025

Patriot Lithium Ltd. has made substantial progress in its exploration activities in the Mumbwa region, becoming one of the largest landholders there. The company has reported promising results from its sampling and field mapping, indicating high-grade copper and gold occurrences. With plans for further exploration, including surveys and drilling, Patriot aims to expand its understanding of the mineralized extensions in the area. The company held cash reserves of approximately $499k at the end of March 2025 and plans to raise additional funds to support its 2025 drill program. This expansion and exploration strategy positions Patriot as a noteworthy player in the African copper mining sector.

Patriot Lithium Ltd. Approves Key Resolutions at General Meeting
Apr 29, 2025

Patriot Lithium Ltd. held a General Meeting on April 29, 2025, where shareholders approved two key resolutions. The first resolution authorized the issuance of shares for the acquisition of Kitumba 27715, and the second approved a change in the company’s name. These decisions are expected to enhance the company’s strategic positioning and operational capabilities in the lithium market.

Patriot Lithium Director Increases Stake with New Share Acquisition
Apr 16, 2025

Patriot Lithium Ltd. has announced a change in the director’s interest, with Hugh Warner acquiring an additional 97,597 fully paid ordinary shares through an on-market purchase. This acquisition reflects the director’s increased stake in the company, potentially signaling confidence in the company’s future prospects and stability in the lithium market.

Patriot Lithium Ltd Shifts Strategic Focus to Copper Mining in Zambia
Apr 14, 2025

Patriot Lithium Ltd announced its strategic focus on copper mining in Zambia, highlighting its intention to leverage the region’s rich mineral resources. This move is expected to enhance the company’s operational capabilities and strengthen its position in the mining industry, potentially impacting stakeholders by expanding its resource base and market reach.

Patriot Lithium Director Increases Stake with New Share Acquisition
Mar 31, 2025

Patriot Lithium Limited announced a change in the director’s interest, with Hugh Warner acquiring an additional 535,603 fully paid ordinary shares. This acquisition was made through both on-market and off-market purchases, indicating a potential increase in confidence in the company’s future prospects. The change in director’s interest could signal strategic positioning within the lithium market, potentially impacting stakeholder perceptions and the company’s market value.

Patriot Lithium Schedules 2025 General Meeting for Shareholder Engagement
Mar 28, 2025

Patriot Lithium Limited has announced its 2025 General Meeting, scheduled to take place on April 29, 2025, in Subiaco, Western Australia. Shareholders are encouraged to participate either in person or by proxy, as the meeting will address important resolutions affecting their shareholding. The company has provided details on how shareholders can access meeting materials and submit proxy forms, emphasizing the significance of shareholder voting in the decision-making process.

Hugh Warner Increases Stake in Patriot Lithium Ltd.
Mar 25, 2025

Patriot Lithium Ltd. has announced a change in the substantial holding of its shares, with Hugh Warner increasing his voting power from 7.91% to 9.60% through an off-market purchase. This development signifies a strategic move by Warner, potentially impacting the company’s shareholder dynamics and signaling confidence in the company’s future prospects.

Patriot Lithium Director Increases Stake with New Share Acquisition
Mar 25, 2025

Patriot Lithium Ltd. has announced a change in the director’s interest, with Hugh Warner acquiring an additional 2,135,839 fully paid ordinary shares. This acquisition, comprising both on-market and off-market purchases, reflects a significant increase in Warner’s stake, potentially indicating confidence in the company’s future performance and strategic direction.

Patriot Lithium Unveils High-Grade Copper Discoveries
Mar 24, 2025

Patriot Lithium Limited has announced the discovery of ultra-high-grade copper occurrences within its license area, marking a significant advancement in its exploration efforts. The identification of artisanal copper pits and high-grade copper readings up to 33.08% Cu at the CBR South target and 17.36% Cu at Chimban South highlight the potential for substantial resource expansion. These findings, situated along the Mumbwa Fault Zone, could strengthen Patriot’s industry positioning and offer promising opportunities for future drilling campaigns, potentially impacting stakeholders positively.

Patriot Lithium Advances with Kitumba Copper Project Option
Mar 13, 2025

Patriot Lithium Limited has exercised its option for the Kitumba Copper Project 27715, marking a significant step in its strategy to target high-grade copper occurrences in the Mumbwa Copper Region. The initial exploration results from the project have shown promising high-grade copper readings, positioning Patriot advantageously around Sinomine Group’s Kitumba Copper Deposit, which is undergoing a substantial investment to commence production. The exercise of this option and the promising exploration results could enhance Patriot’s standing in the copper mining sector and attract stakeholder interest.

Patriot Lithium Ltd. Releases 2024 Interim Financial Report
Mar 13, 2025

Patriot Lithium Ltd. has released its interim financial report for the period ending December 31, 2024. The report outlines the company’s financial performance, including profit or loss, changes in equity, and cash flows, providing stakeholders with insights into its financial health and operational efficiency.

Patriot Lithium Uncovers Promising Copper Target in New Exploration License
Feb 27, 2025

Patriot Lithium Limited has announced the discovery of a second high priority target within its newly acquired exploration licenses, which are strategically located near its existing Kitumba and Katwaro Copper Projects. The latest exploration results from the Katwaro site reveal significant copper and gold mineralization, indicating promising potential for resource expansion and enhancing the company’s position in the copper mining sector.

Patriot Lithium Expands Copper Exploration in Zambia’s Mumbwa Region
Feb 25, 2025

Patriot Lithium Limited has announced an option agreement to acquire a 90% interest in three large-scale exploration licenses in the copper-rich Mumbwa Region of Zambia, expanding its exploration footprint to a total of 705 km². This strategic acquisition positions Patriot as a significant player in the Mumbwa copper district, leveraging historical data and ongoing partnerships to enhance its exploration efforts and potentially benefit from the development of the Sinomine Kitumba Copper Mine, expected to be the largest in the region.

Patriot Lithium Ltd. Initiates Trading Halt Amid Acquisition Plans
Feb 24, 2025

Patriot Lithium Ltd. has initiated a voluntary trading halt on its securities pending an announcement about a proposed acquisition of an exploration project. The trading halt will remain effective until the announcement is made or normal trading resumes on 26 February 2025, indicating a strategic move that could impact the company’s operations and market positioning.

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: Apr 08, 2025