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:45Neutral
Price Target:
AU$0.61
▼(-8.33% Downside)
Action:Reiterated
Date:06/22/26
The score is primarily pressured by weak financial performance (no revenue, recurring losses, and negative cash flows) and an unhelpful valuation signal (negative P/E). Technicals add a mildly bearish tilt with price below short-term averages and negative MACD, partly offset by a strong, low-leverage balance sheet.
Positive Factors
Low leverage / strong balance sheet
Extremely low leverage gives the company high financial flexibility for an exploration-stage miner. With little debt service pressure, management can prioritize drilling and resource definition, pursue JV or asset-sale options, and withstand cyclical commodity conditions without near-term solvency risk.
Negative Factors
No revenue and recurring losses
Absence of operating revenue and recurring net losses mean the business model is not yet self-sustaining; value depends on exploration success and eventual asset monetization. Continued losses widen financing needs, increase dilution risk, and place execution pressure on converting resources to commercially credible assets.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / strong balance sheet
Extremely low leverage gives the company high financial flexibility for an exploration-stage miner. With little debt service pressure, management can prioritize drilling and resource definition, pursue JV or asset-sale options, and withstand cyclical commodity conditions without near-term solvency risk.
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$1.06B
Dividend YieldN/A
Average Volume (3M)2.05M
Price to Earnings (P/E)―
Beta (1Y)0.89
Revenue GrowthN/A
EPS Growth-40.82%
CountryAU
Employees29
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding1,859,428,000
10 Day Avg. Volume2,316,281
30 Day Avg. Volume2,047,778
Financial Highlights & Ratios
PEG Ratio0.75
Price to Book (P/B)1.71
Price to Sales (P/S)0.00
P/FCF Ratio-85.29
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$1.11Price Target Upside68.56% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)>-0.01
Revenue Forecast (FY)AU$2.88M
Patriot Battery Metals Inc Shs Chess Depository Interests Repr 1 Sh Business Overview & Revenue Model
Company Description
Patriot Battery Metals Inc. focuses on discovering, evaluating, securing, and developing sites rich in minerals. The firm's main exploration efforts are directed towards deposits containing gold, copper, silver, platinum, and lithium. A key asset ...
How the Company Makes Money
As an exploration-stage company, Patriot Battery Metals generally does not generate recurring operating revenue from selling lithium or other commodities unless it has production or material asset sales/royalties in place; specific current revenue...
Patriot Battery Metals Inc Shs Chess Depository Interests Repr 1 Sh Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
72
Positive
Cash Flow
24
Negative
| Breakdown | Mar 2025 | Mar 2024 | Jun 2023 | Mar 2022 | Jun 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -11.95M | 0.00 | -876.00K | -21.00K | 0.00 |
| EBITDA | -11.51M | -18.36M | 13.49M | -6.85M | -3.55M |
| Net Income | -11.62M | -6.30M | 2.61M | -10.12M | -3.88M |
Balance Sheet | |||||
| Total Assets | 494.07M | 366.63M | 247.92M | 107.72M | 26.62M |
| Cash, Cash Equivalents and Short-Term Investments | 174.99M | 101.17M | 73.00M | 56.72M | 11.70M |
| Total Debt | 268.16K | 375.00K | 365.00K | 0.00 | 0.00 |
| Total Liabilities | 66.85M | 50.54M | 44.70M | 37.72M | 2.76M |
| Stockholders Equity | 427.22M | 316.09M | 203.22M | 70.00M | 23.86M |
Cash Flow | |||||
| Free Cash Flow | -8.55M | -38.87M | -54.55M | -34.90M | -10.52M |
| Operating Cash Flow | -7.93M | -6.61M | -16.16M | -7.21M | -3.12M |
| Investing Cash Flow | -55.12M | -107.03M | -91.67M | -27.69M | -7.40M |
| Financing Cash Flow | 139.82M | 141.80M | 124.12M | 79.93M | 22.07M |
Patriot Battery Metals Inc Shs Chess Depository Interests Repr 1 Sh Technical Analysis
Negative
0.66
Price Trends
0.66
Negative
0.59
Negative
0.55
Positive
Market Momentum
-0.02
Positive
37.52
Neutral
22.41
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 0.66 is above the 20-day moving average (MA) of 0.65, below the 50-day MA of 0.66, and above the 200-day MA of 0.55, indicating a neutral trend. The MACD of -0.02 indicates Positive momentum. The RSI at 37.52 is Neutral, neither overbought nor oversold. The STOCH value of 22.41 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 |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
55 Neutral | AU$655.74M | 0.53 | 154.06% | ― | ― | ― | |
54 Neutral | AU$1.70B | -108.24 | -10.87% | ― | ― | -5.00% | |
47 Neutral | AU$825.38M | -24.29 | -10.17% | ― | -100.00% | 59.85% | |
45 Neutral | AU$1.06B | -87.62 | -1.85% | ― | ― | -40.82% | |
43 Neutral | AU$1.32B | -5.03 | -9.72% | ― | -3.54% | -49.86% | |
42 Neutral | AU$95.98M | -2.86 | -19.15% | ― | ― | 17.32% |
* Basic Materials Sector Average
AU:PMT
Patriot Battery Metals Inc Shs Chess Depository Interests Repr 1 Sh
0.57
0.30
117.31%
AU:CXO
Core Lithium Ltd
0.26
0.16
160.20%
AU:LKE
Lake Resources N.L.
0.04
0.02
61.54%
AU:EUR
European Lithium
0.38
0.31
475.76%
AU:LIN
Lindian Resources Limited
0.92
0.82
848.45%
AU:VUL
Vulcan Energy Resources Ltd.
2.99
-0.05
-1.81%
Patriot Battery Metals Inc Shs Chess Depository Interests Repr 1 Sh Corporate Events
PMET Resources Files Updated ASX Governance Disclosure for 2026
Jun 22, 2026
PMET Resources has lodged its Appendix 4G with the ASX for the financial year ended March 31, 2026, confirming the location of its corporate governance statement within its Annual Information Form. The filing states that the governance statement i...
PMET Resources Files Comprehensive 2026 Annual Information Form
Jun 21, 2026
PMET Resources Inc. has issued its Annual Information Form for the fiscal year ended March 31, 2026, detailing its corporate structure, business development, risk factors and capital structure. The document also outlines governance frameworks, mar...
PMET Resources Highlights Governance and Controls in Audited Financials
Jun 21, 2026
PMET Resources Inc., formerly Patriot Battery Metals Inc., is a resources-sector company reporting under IFRS standards and focused on maintaining robust internal controls, ethical conduct, and reliable financial information. Its governance framew...
PMET Taps Mitsui and MWCC in Bid to Refine Lithium On-Site in Québec
Jun 17, 2026
PMET Resources has signed a non-binding memorandum of understanding with Mitsui Co. and Microwave Chemical Co. to test microwave calcination on spodumene from its Shaakichiuwaanaan project, with pilot work to be conducted in Osaka. The partners w...
PMET Resources Lifts CDI Count as Dual-Listing Structure Evolves
Jun 4, 2026
PMET Resources Inc. reported a significant increase in its CHESS Depositary Interests on issue for May 2026, with CDI numbers rising to 668,994,710 from 622,718,570, driven mainly by net transfers between CDIs and ordinary shares quoted or held on...
PMET Resources Secures Société Générale Interest in Financing Shaakichiuwaanaan Lithium Project
Jun 3, 2026
PMET Resources has received a non-binding letter of interest from Société Générale to act as a mandated lead arranger for potential debt financing of Phase 1 development at its Shaakichiuwaanaan Project in Quebec. The move buil...
PMET Resources Grants 500,000 Unquoted Options Under Employee Incentive Scheme
Jun 2, 2026
PMET Resources Inc. has issued a total of 500,000 unquoted options under its employee incentive scheme, all with an exercise price of C$6.5659 and not intended for quotation on the ASX. The issuance is split between 200,000 options expiring in May...
PMET Resources Issues Unquoted Equity Under Employee Incentive Scheme
Jun 2, 2026
PMET Resources Inc. has notified the market of the issuance of 36,205 restricted share units and 36,205 performance share units under its employee incentive scheme. These unquoted securities, which are not intended to be listed on the ASX, were is...
PMET Resources Plans Issue of New Equity-Based Securities
Jun 2, 2026
PMET Resources Inc. has notified the ASX of a proposed issue of securities comprising performance share units, restricted share units and deferred share units, totaling up to 114,225 new securities. The securities, to be issued under a placement o...
PMET Resources Issues New Shares and Files Cleansing Notice to Support CDI Trading
May 22, 2026
PMET Resources has completed the issuance of 2,095,745 fully paid common shares, which will be quoted on the Toronto Stock Exchange and may later be converted into CHESS Depositary Interests for trading on the ASX. The company has issued a cleansi...
PMET Resources Issues Over 2 Million Unquoted Ordinary Securities
May 22, 2026
PMET Resources Inc. has notified the market of the issue of 2,095,745 unquoted, fully paid ordinary securities under the ASX code PMTAA, with an issue date of May 21, 2026. These securities form part of a previously announced transaction and are n...
PMET launches 45,000‑metre drill campaign to advance Quebec lithium flagship
May 22, 2026
PMET Resources has launched a major 2026 summer‑fall drill campaign at its wholly owned Shaakichiuwaanaan lithium project in Quebec, targeting about 45,000 metres of drilling through October using up to eight rigs. The company has reopened i...
PMET Pilot Delivers High-Grade Spodumene Concentrate and Bolsters Critical Minerals Plans
May 3, 2026
PMET Resources has produced approximately 4.47 tonnes of high-grade spodumene concentrate grading 6.09% Li2O with low iron and 89% recovery from its CV5 Pegmatite via a dense media separation-only pilot plant. The pilot, based on high-grade boulde...
PMET Resources Updates CDI and Share Balances for April 2026
May 1, 2026
PMET Resources Inc. has reported updated figures for its CHESS Depositary Interests on issue for April 2026, showing 622,718,570 CDIs on issue over quoted securities at month-end, up from 605,809,140 in March. The increase of 16,909,430 CDIs refle...
PMET Resources Plans New Performance and Restricted Share Unit Issue
Apr 17, 2026
PMET Resources Inc. has announced a proposed issue of up to 88,382 performance share units and 88,382 restricted share units, with a planned issue date of 15 September 2026. The issuance, structured as a placement or other type of security issue, ...
PMET Resources boosts director equity stake through share-based salary
Apr 13, 2026
PMET Resources has disclosed a change in director Ken Brinsden’s holdings, with the executive receiving 8,411 additional ordinary shares. The issuance forms part of his FY2026 remuneration, paid in equity rather than cash at a deemed price o...
PMET Resources Issues New Shares and Files Cleansing Notice for TSX and ASX Trading
Apr 10, 2026
PMET Resources Inc. is a publicly listed company trading on the TSX, ASX, OTCQX and FSE, operating in the resources sector with a focus on extracting and developing mineral assets. Its securities structure includes ordinary common shares on the TS...
PMET Resources Issues Unquoted Shares Under Employee Incentive Plan
Apr 10, 2026
PMET Resources Inc. has notified the market of the issue of 4,474 deferred share units and 8,411 ordinary fully paid shares, effective 9 April 2026, under an employee incentive scheme. The unquoted securities will not be listed on the ASX, indicat...
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.