Patriot Battery Metals Inc Shs Chess Depository Interests Repr 1 Sh (AU:PMT)
ASX:PMT
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Patriot Battery Metals Inc Shs Chess Depository Interests Repr 1 Sh
(Sydney:PMT)
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Rating:46Neutral
Price Target:
AU$0.45
▲(1.36% Upside)
Action:ReiteratedDate:03/17/26
The score is held back mainly by the company’s pre-revenue status with ongoing losses and cash burn, alongside weak bearish technical momentum. The strong, low-debt balance sheet provides an important offset, but valuation support is limited given the negative P/E and lack of dividend yield.
Positive Factors
Low leverage / strong balance sheet
Extremely low debt provides durable financial flexibility: the company can fund exploration and sustain operations without large interest burdens, lowering insolvency risk and preserving optionality for strategic investments or partnerships over the next 2–6 months and beyond.
Negative Factors
Pre-revenue with persistent losses
Being pre-revenue and loss-making is a fundamental constraint: operating losses must be covered by capital raises or partners, making long-term viability dependent on successful exploration outcomes. This structural dependence increases execution and funding risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / strong balance sheet
Extremely low debt provides durable financial flexibility: the company can fund exploration and sustain operations without large interest burdens, lowering insolvency risk and preserving optionality for strategic investments or partnerships over the next 2–6 months and beyond.
Read all positive factors
Patriot Battery Metals Inc Shs Chess Depository Interests Repr 1 Sh (PMT) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$791.94M
Dividend YieldN/A
Average Volume (3M)2.05M
Price to Earnings (P/E)―
Beta (1Y)0.86
Revenue GrowthN/A
EPS Growth-3900.00%
CountryAU
Employees29
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding1,836,268,900
10 Day Avg. Volume2,316,281
30 Day Avg. Volume2,047,778
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)0.11
Price to Sales (P/S)0.00
P/FCF Ratio-0.91
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$0.84Price Target Upside90.91% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)>-0.01
Revenue Forecast (FY)AU$2.52M
Patriot Battery Metals Inc Shs Chess Depository Interests Repr 1 Sh Business Overview & Revenue Model
Company Description
Patriot Battery Metals Inc. engages in the identification, evaluation, acquisition, and exploration of mineral properties. The company primarily explores for gold, copper, silver, platinum, and lithium deposits. Its flagship properties include Cor...
How the Company Makes Money
null...
Patriot Battery Metals Inc Shs Chess Depository Interests Repr 1 Sh Financial Statement Overview
Summary
Income Statement
24
Negative
Balance Sheet
78
Positive
Cash Flow
45
Neutral
| Breakdown | TTM | Mar 2024 | Jun 2023 | Mar 2022 | Jun 2021 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -108.73K | 0.00 | -876.00K | -21.00K | 0.00 | 0.00 |
| EBITDA | 21.75M | -18.36M | 13.49M | -6.85M | -3.55M | -695.71K |
| Net Income | -5.87M | -6.30M | 2.61M | -10.12M | -3.88M | -775.05K |
Balance Sheet | ||||||
| Total Assets | 358.39M | 366.63M | 247.92M | 107.72M | 26.62M | 4.37M |
| Cash, Cash Equivalents and Short-Term Investments | 51.26M | 101.17M | 73.00M | 56.72M | 11.70M | 149.55K |
| Total Debt | 295.00K | 375.00K | 365.00K | 0.00 | 0.00 | 40.00K |
| Total Liabilities | 37.43M | 50.54M | 44.70M | 37.72M | 2.76M | 153.88K |
| Stockholders Equity | 320.96M | 316.09M | 203.22M | 70.00M | 23.86M | 4.21M |
Cash Flow | ||||||
| Free Cash Flow | 54.75M | -38.87M | -54.55M | -34.90M | -10.52M | -1.28M |
| Operating Cash Flow | -5.26M | -6.61M | -16.16M | -7.21M | -3.12M | -516.23K |
| Investing Cash Flow | -58.80M | -107.03M | -91.67M | -27.69M | -7.40M | -760.54K |
| Financing Cash Flow | 71.73M | 141.80M | 124.12M | 79.93M | 22.07M | 1.17M |
Patriot Battery Metals Inc Shs Chess Depository Interests Repr 1 Sh Technical Analysis
Negative
0.44
Price Trends
0.56
Negative
0.54
Negative
0.47
Negative
Market Momentum
-0.03
Negative
40.97
Neutral
60.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:PMT, the sentiment is Negative. The current price of 0.44 is below the 20-day moving average (MA) of 0.47, below the 50-day MA of 0.56, and below the 200-day MA of 0.47, indicating a bearish trend. The MACD of -0.03 indicates Negative momentum. The RSI at 40.97 is Neutral, neither overbought nor oversold. The STOCH value of 60.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:PMT.
Patriot Battery Metals Inc Shs Chess Depository Interests Repr 1 Sh Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | AU$1.14B | 9.49 | 33.38% | ― | 45.73% | 716.15% | |
72 Outperform | AU$414.88M | 4.68 | 14.39% | ― | 10.84% | ― | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
52 Neutral | AU$423.74M | -10.44 | -63.51% | ― | ― | -98.20% | |
49 Neutral | AU$548.07M | -18.79 | -179.67% | ― | -100.00% | -6.00% | |
46 Neutral | AU$791.94M | -81.56 | -1.72% | ― | ― | -3900.00% | |
44 Neutral | AU$523.88M | -16.33 | -17.89% | ― | ― | 38.72% |
* Basic Materials Sector Average
AU:PMT
Patriot Battery Metals Inc Shs Chess Depository Interests Repr 1 Sh
0.45
0.16
58.93%
AU:CHN
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1.35
0.20
17.47%
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0.25
-0.02
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1.29
0.60
86.23%
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0.66
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-12.08%
AU:MAU
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0.36
23.67%
Patriot Battery Metals Inc Shs Chess Depository Interests Repr 1 Sh Corporate Events
PMET Resources Updates CDI and Share Structure for February 2026
Mar 3, 2026
PMET Resources Inc. has reported updated figures for its CDIs and underlying securities for February 2026, disclosing 613,110,530 CDIs on issue over quoted securities at month-end under its 10:1 CDI ratio structure. The company also detailed movem...
PMET outlines Shaakichiuwaanaan lithium project economics and supply-chain ambitions
Feb 24, 2026
Patriot Battery Metals, through PMET Resources Inc., is positioning the Shaakichiuwaanaan lithium project as a key asset aimed at supplying North American, European and North Asian battery markets with spodumene concentrate and potential tantalum ...
PMET Resources Director Boosts Stake With On‑Market Share Purchase
Feb 23, 2026
PMET Resources director Mélissa Desrochers has increased her direct holding in the company through an on-market purchase of 2,400 ordinary shares at C$5.00 per share. Following the trade, her interests comprise 2,400 ordinary shares alongside...
PMET Outlines Shaakichiuwaanaan Lithium Project Parameters in New Corporate Presentation
Feb 4, 2026
PMET Resources Inc. has released a corporate presentation dated 4 February 2026 outlining key parameters and assumptions for the Shaakichiuwaanaan lithium project, including life-of-mine economic metrics calculated in Canadian dollars and based on...
PMET Hits Record High-Grade Caesium at Quebec’s Shaakichiuwaanaan Project
Feb 3, 2026
PMET Resources Inc. reported its widest and highest-grade caesium intercepts to date at the Vega Zone of its CV13 pegmatite, including intervals up to 28.0 metres at 8.05% Cs2O and a peak sample grade of 29.79% Cs2O, while expanding the interprete...
PMET Resources Releases Interim Financial Statements, Highlights Governance and Controls
Feb 3, 2026
PMET Resources Inc. has released its unaudited condensed interim consolidated financial statements for the three- and nine-month periods ended December 31, 2025, prepared in accordance with International Financial Reporting Standards and overseen ...
PMET Resources Updates CDI and Share Structure for January 2026
Feb 3, 2026
PMET Resources Inc. reported a modest increase in its CHESS Depositary Interests on issue for January 2026, with total CDIs rising to 545.33 million from 545.02 million, driven by net transfers between CDIs and ordinary shares listed on the TSX. T...
PMET Resources Options Lapse, Trimming Potential Share Dilution
Jan 30, 2026
PMET Resources Inc. has announced the cessation of 750,000 listed options (PMTAU), which expired unexercised on 25 January 2026 at an exercise price of CAD 12.50. The expiry of these options, without conversion into underlying shares, results in a...
PMET Resources Hits Best-Ever Lithium Intercepts and Unveils New Helios Discovery in Quebec
Jan 21, 2026
PMET Resources has reported final 2025 drill results from its Shaakichiuwaanaan Property, highlighted by some of its best-ever wide, high‑grade lithium intercepts from infill drilling at the Vega Zone and additional strong results from the R...
PMET Resources Director Ken Brinsden Increases Equity Stake Through Share-Based Salary
Jan 14, 2026
PMET Resources Inc has disclosed a change in the holdings of director Ken Brinsden, who received 2,115 new ordinary shares on 9 January 2026 as part of his FY2026 salary, issued in lieu of cash at a deemed price of C$5.8198 per share. Following th...
PMET Resources Issues New Shares and Lodges Cleansing Notice for Potential CDI Trading
Jan 14, 2026
PMET Resources Inc. has issued 2,115 ordinary fully paid common shares, which will be quoted on the Toronto Stock Exchange and may later be converted by holders into CHESS Depositary Interests for trading on the Australian Securities Exchange. The...
PMET Resources Issues Unquoted Securities Under Employee Incentive Plan
Jan 14, 2026
PMET Resources Inc. has notified the market of the issue of a small tranche of unquoted securities, comprising 3,480 deferred share units and 2,115 ordinary fully paid shares, dated 9 January 2026, under its employee incentive arrangements. The mo...
PMET Resources Adjusts CDI and Share Balances in December Register Update
Jan 1, 2026
PMET Resources Inc. has reported a modest reshaping of its capital structure for December 2025, with the total number of CHESS Depositary Interests on issue falling to 545,023,470, down by 3,872,640 CDIs month on month, due mainly to net transfers...
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.
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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.