Recharge Metals Limited (REC) AI Stock Analysis

• Market Cap: AU$5.14M
• Dividend Yield: N/A
• Average Volume (3M): 906.68K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.38
• Revenue Growth: N/A
• EPS Growth: -34.62%
• Country: AU
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Copper
• EPS (TTM): >-0.01
• Shares Outstanding: 256,989,960
• 10 Day Avg. Volume: 1,029,503
• 30 Day Avg. Volume: 906,679
• PEG Ratio: -0.10
• Price to Book (P/B): 0.20
• Price to Sales (P/S): 103.51
• P/FCF Ratio: -1.16
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 50 Neutral
• Price Target: AU$0.02 ▲(0.00% Upside)

The score is held back primarily by weak financial performance (small/volatile revenue, widening losses, and persistent cash burn). Technicals are a partial offset with price trading above key moving averages and mildly positive momentum, while valuation remains constrained by loss-making earnings and no dividend support.

Positive Factors

Low leverage / strong solvency

Zero reported debt and minimal leverage materially reduce solvency and refinancing risk over the medium term. For an exploration company, this provides flexibility to fund targeted drilling or seek farm-out partners without immediate liquidity pressure, preserving optionality for project development.

Meaningful equity supporting asset base

A tangible equity base close to the asset base gives the company a firmer funding foundation than many peers. This capital buffer can underwrite near-term exploration programs and makes the company a more credible counterparty for joint ventures or farm-outs that can de-risk projects without immediate revenue generation.

Exploration business model with monetization optionality

The company's exploration-stage model creates structural upside: successful drilling or resource definition can be monetized via farm-outs, JV funding, or asset sales. This external funding pathway lets the company advance projects and capture discovery value without building a full production platform internally.

Negative Factors

Persistent cash burn

Ongoing negative operating and free cash flow signals the company will need additional financing to sustain exploration and corporate overhead. Recurrent capital raises can dilute shareholders, constrain strategic choice, and increase execution risk if market access or investor appetite weakens over the next several months.

Widening losses and volatile revenue

Small, inconsistent revenue combined with expanding operating losses shows the company has not reached commercial scale and remains dependent on non-operating transactions. Persistent losses erode equity and make long-term value creation contingent on successful exploration outcomes rather than stable operations.

Negative ROE and shareholder dilution risk

A negative ROE near -25% indicates the company is destroying equity value rather than compounding it. Continued losses will pressure capital adequacy and likely require dilutive funding rounds, undermining long-term capital efficiency and making it harder to attract strategic partners without material concessions.

Recharge Metals Limited Business Overview & Revenue Model

Company Description

Recharge Metals Limited focuses on development and exploration of copper, gold, and base metal properties in Australia. It holds 100 % interest in the Brandy Hill project covering an area of approximately 100 square kilometers located in the Murchison, Western Australia; the Bohemia Downs projects covering an area of approximately 540 square kilometers located in the West Kimberley; and the Tampia East project consisting of one exploration licence located in southwest Yilgarn province, Western Australia. The company was incorporated in 2021 and is based in Perth, Australia.

How the Company Makes Money

Recharge Metals Limited generates revenue through the exploration and potential development of mineral resources. The company's primary revenue stream comes from the successful identification and extraction of copper, gold, and nickel deposits, which can then be sold in raw or processed forms to metal and mining markets worldwide. Recharge Metals might also enter into strategic partnerships or joint ventures with larger mining companies to leverage their expertise and infrastructure, facilitating the development and commercialization of mineral projects. Additionally, the company may engage in selling or licensing exploration rights to other entities as a part of their revenue-generating activities.

Recharge Metals Limited Financial Statement Overview

Summary

Financials reflect an early-stage profile: revenue is very small and volatile with widening losses, and cash flow remains negative with ongoing free-cash-flow burn. The main offset is a strong solvency position with zero debt and meaningful equity, reducing near-term balance-sheet risk.

Income Statement

Revenue remains very small and volatile (FY2025 revenue fell ~30% YoY after a modest increase in FY2024), and profitability is consistently weak with large losses. While FY2025 gross profit is positive, operating results deteriorated materially (EBIT fell to about -$2.38M and net loss widened to about -$3.45M), indicating costs are running far ahead of the current revenue base. Overall, the income statement reflects an early-stage profile with limited commercial scale and persistent negative margins.

Balance Sheet

The balance sheet is a relative strength: leverage is minimal (FY2025 total debt is $0 and debt-to-equity is 0), with equity of ~A$13.5M supporting the asset base (~A$13.7M). The key weakness is continued negative returns on equity (FY2025 ROE around -25%), signaling ongoing value dilution risk if losses persist, but solvency risk from debt is currently low.

Cash Flow

Cash generation is weak, with negative operating cash flow across all periods (FY2025 about -$1.02M) and consistently negative free cash flow (FY2025 about -$2.30M, worse than FY2024). While free cash flow is larger than the reported net loss in several years (suggesting non-cash charges are meaningful), the company is still consuming cash and may require continued funding if this trend continues.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	25.76K	25.76K	38.57K	15.51K	2.77K	0.00
Gross Profit	25.76K	25.76K	38.57K	-85.60K	-5.12K	-66.00
EBITDA	-312.22K	-312.22K	-642.01K	-1.52M	-1.27M	-50.52K
Net Income	-3.45M	-3.45M	-1.87M	-1.62M	-1.28M	-50.59K
Balance Sheet
Total Assets	13.74M	13.74M	14.24M	14.54M	5.09M	791.06K
Cash, Cash Equivalents and Short-Term Investments	1.67M	1.67M	1.45M	2.57M	2.35M	55.10K
Total Debt	0.00	0.00	62.60K	119.74K	0.00	0.00
Total Liabilities	199.63K	199.63K	798.52K	927.51K	334.99K	154.14K
Stockholders Equity	13.54M	13.54M	13.44M	13.62M	4.75M	636.92K
Cash Flow
Free Cash Flow	-2.30M	-2.30M	-2.09M	-1.90M	-2.85M	-122.40K
Operating Cash Flow	-1.02M	-1.02M	-1.41M	-634.39K	-1.46M	-36.98K
Investing Cash Flow	-1.10M	-1.10M	-1.01M	-2.88M	-1.41M	-595.42K
Financing Cash Flow	2.34M	2.34M	1.29M	3.73M	5.16M	1.65M

Recharge Metals Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.02
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:REC, the sentiment is Positive. The current price of 0.02 is equal to the 20-day moving average (MA) of 0.02, above the 50-day MA of 0.02, and above the 200-day MA of 0.02, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 56.67 is Neutral, neither overbought nor oversold. The STOCH value of 14.29 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:REC.

Recharge Metals Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
HGO	57 Neutral	AU$191.19M	-6.51	-29.41%	―	281.37%	2.27%
REC	50 Neutral	AU$5.14M	-0.95	-25.55%	―	―	-34.62%
CYM	50 Neutral	AU$280.36M	-3.60	―	―	―	―
AR1	49 Neutral	AU$212.35M	-1.44	―	―	-57.00%	-1789.13%
NRX	48 Neutral	AU$9.37M	-2.46	-157.73%	―	―	6.15%

Recharge Metals Limited Corporate Events

Recharge Metals Advances North American Uranium Projects While Eyeing New Acquisitions

Recharge Metals’ December 2025 quarter was marked by steady progress across its uranium portfolio, with access and permitting work continuing at the Carter Uranium Project in Montana and processing of a high-resolution magnetic and radiometric survey advancing at the Newnham Lake Uranium Project in Canada. The company is leveraging historical drilling data and modern geophysical interpretation to refine and prioritise exploration targets, particularly basement-hosted uranium mineralisation at Newnham Lake and known historical resources at Carter, both located in established uranium-producing regions. In parallel, the board and management maintained a disciplined approach to capital management while actively reviewing new exploration and acquisition opportunities across multiple commodities, seeking technically robust, capital-efficient projects that can enhance shareholder value and complement the existing portfolio.

The most recent analyst rating on (AU:REC) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Recharge Metals Limited stock, see the AU:REC Stock Forecast page.

Recharge Metals Limited Appoints New Director

Recharge Metals Limited has announced the appointment of Chris Zielinski as a director, effective from November 28, 2025. The announcement indicates that Zielinski currently holds no securities or interests in the company, suggesting a fresh perspective and potential strategic shifts in the company’s governance.

The most recent analyst rating on (AU:REC) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Recharge Metals Limited stock, see the AU:REC Stock Forecast page.

Recharge Metals Secures Shareholder Approval for Key Resolutions

Recharge Metals Limited announced that all resolutions proposed at their Annual General Meeting were passed, including two special resolutions. This outcome reflects strong shareholder support and may enhance the company’s governance and operational strategies, potentially impacting its market positioning positively.

The most recent analyst rating on (AU:REC) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Recharge Metals Limited stock, see the AU:REC Stock Forecast page.

Recharge Metals Announces Board Changes

Recharge Metals Limited announced a change in its board, with Mr. Simon Andrew resigning as Non-Executive Chairman and Mr. Chris Zielinski being appointed as Non-Executive Director. Mr. Zielinski, a corporate lawyer with extensive experience in corporate and commercial law, is expected to bring significant expertise to the company as it continues to advance its strategic goals.