Resource Mining Corporation Limited (RMI) AI Stock Analysis

• Market Cap: AU$15.30M
• Dividend Yield: N/A
• Average Volume (3M): 2.95M
• Price to Earnings (P/E): ―
• Beta (1Y): 2.15
• Revenue Growth: N/A
• EPS Growth: 60.24%
• Country: AU
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): >-0.01
• Shares Outstanding: 665,405,760
• 10 Day Avg. Volume: 8,478,580
• 30 Day Avg. Volume: 2,951,416
• PEG Ratio: -17.28
• Price to Book (P/B): 0.29
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -1.44K
• 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

Resource Mining Corporation Limited's stock is rated low due to significant financial difficulties, including zero revenue and ongoing operational losses. The lack of technical indicators and poor valuation further contribute to the low score, suggesting caution for potential investors.

Resource Mining Corporation Limited Business Overview & Revenue Model

Company Description

Resource Mining Corporation Limited (RMI) is an Australian-based exploration and development company primarily engaged in the mining sector. The company focuses on exploring and developing mineral resources, with a particular emphasis on nickel, cobalt, and other base metals. Its core activities include identifying, acquiring, and managing mining projects to generate value through successful exploration and development phases.

How the Company Makes Money

Resource Mining Corporation Limited makes money through the exploration and potential development of mineral resources. The company's primary revenue streams include selling extracted minerals and ores from its mining projects, as well as entering into joint ventures or partnerships with other mining companies to leverage resources and expertise. Additionally, RMI may earn income through the sale or lease of mining rights and assets, and through royalties or other financial agreements with partners involved in the extraction and production processes. Significant partnerships or successful mineral discoveries can greatly enhance RMI's revenue potential, though the company remains subject to market conditions and commodity prices.

Resource Mining Corporation Limited Financial Statement Overview

Summary

Resource Mining Corporation Limited faces significant financial challenges with no revenue and ongoing operational losses. While there has been an improvement in equity, the absence of income generation and negative cash flows highlight major operational and financial difficulties. The company's reliance on financing activities to sustain operations is evident.

Income Statement

Resource Mining Corporation Limited has consistently reported zero revenue over the past years, indicating a lack of operational income. Negative EBIT and net income reflect ongoing operational losses. The absence of revenue growth is a critical weakness, and margins are irrelevant due to zero revenue.

Balance Sheet

The company shows an improvement in stockholders' equity, turning positive in recent years. The debt-to-equity ratio is low, indicating minimal leverage, which is a positive, but the company has negative net income impacting ROE negatively. The equity ratio is strong, suggesting a solid foundation, albeit with ongoing operational challenges.

Cash Flow

Negative operating and free cash flows suggest the company struggles to generate cash from its operations. The improvement in free cash flow over the years is slight but still negative, pointing towards significant financial challenges. Cash flow ratios remain weak due to persistent losses.

Breakdown
TTM	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement		Total Revenue
0.00	0.00	0.00	0.00	0.00	0.00
	Gross Profit
0.00	-349.00	0.00	0.00	-9.35K	-14.24K
	EBIT
―	-2.91M	-4.85M	-1.83M	-499.85K	-423.82K
	EBITDA
―	-2.91M	-4.85M	2.91M	-314.40K	-409.47K
	Net Income Common Stockholders
―	-3.12M	-11.22M	2.96M	-733.71K	-425.28K
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
214.97K	157.05K	857.69K	1.73M	43.68K	43.96K
	Total Assets
9.54M	8.79M	8.09M	1.77M	140.79K	158.69K
	Total Debt
603.86K	87.20K	117.19K	1.77K	2.85K	2.40M
	Net Debt
388.89K	-69.86K	-740.51K	-1.73M	-40.83K	2.36M
	Total Liabilities
1.78M	391.03K	3.53M	1.21M	6.04M	6.25M
	Stockholders Equity
7.95M	8.59M	4.74M	618.95K	-5.88M	-6.09M
Cash Flow		Free Cash Flow
―	-3.17M	-2.94M	-554.33K	-300.55K	-257.64K
	Operating Cash Flow
―	-1.50M	-2.54M	-554.33K	-300.55K	-257.64K
	Investing Cash Flow
―	-1.67M	-523.02K	-34.32K	―	―
	Financing Cash Flow
―	2.47M	2.27M	2.28M	304.72K	252.88K

Resource Mining Corporation Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TLM	51 Neutral	$32.96M	―	-20.67%	―	―	4.00%
Sector *	50 Neutral	$1.98B	-1.06	-21.29%	3.61%	1.95%	-30.60%
ARL	47 Neutral	$86.27M	―	-15.37%	―	―	-34.41%
SYR	44 Neutral	$416.90M	―	-33.63%	―	-33.27%	-10.07%
RMI	36 Underperform	AU$15.30M	―	-31.67%	―	―	60.24%

Resource Mining Corporation Limited Corporate Events

Resource Mining Corporation Expands Exploration Ventures in Saudi Arabia

Resource Mining Corporation Limited has entered into a binding term sheet with AuKing Mining Limited to acquire AuKing’s interest in joint venture projects in Saudi Arabia, specifically the Wadi Salamah and Shaib Marqan projects. Initial rock chip sample assays from the Wadi Salamah project have shown promising gold concentrations, providing a focal point for further exploration. The Shaib Marqan project, located in the under-explored Ar Rayn Terrane, is awaiting an exploration license from the Saudi Ministry of Industry and Mineral Resources. The results from this area validate historical gold findings and set the stage for a detailed sampling program, potentially impacting the company’s exploration strategy and market positioning.

Resource Mining Corporation Announces Director Departure

Resource Mining Corporation Limited announced the cessation of David Round as a director, effective April 8, 2025. The notice confirms that David Round holds no relevant interests in securities or contracts with the company, indicating a straightforward transition with no immediate impact on the company’s operations or stakeholder interests.

Resource Mining Corporation Announces Director Resignation

Resource Mining Corporation Limited announced the resignation of Mr. David Round as a Non-Executive Director, effective April 8, 2025, as he shifts focus to other business interests. The company has expressed gratitude for his three years of service and does not plan to appoint a replacement at this time, indicating a potential shift in board strategy or operational focus.

Resource Mining Corporation Expands Share Capital

Resource Mining Corporation Limited has issued 13,057,930 fully paid ordinary shares at $0.004212 per share under its existing placement capacity. This move, compliant with the Corporations Act, indicates the company’s strategic efforts to leverage its ASX listing rules for capital raising, potentially impacting its financial flexibility and market positioning.

Resource Mining Corporation Expands Capital with New Securities Issuance

Resource Mining Corporation Limited has announced the issuance of 13,057,930 ordinary fully paid securities to be quoted on the ASX, effective March 25, 2025. This move is part of previously announced transactions and could potentially enhance the company’s capital structure, providing it with additional resources to support its operations and strategic initiatives.

Resource Mining Secures $250,000 Funding Agreement

Resource Mining Corporation Limited has entered into a Funding Agreement with Ven Capital Pty Ltd, securing a loan facility of up to $250,000. This agreement provides the company with financial flexibility, allowing weekly drawdowns with a choice of payment methods for drawdown fees, and includes a fixed coupon of 10% payable at maturity. The funding is expected to support the company’s operational activities and potentially improve its market positioning.

Resource Mining Corporation Launches Saudi Arabian Exploration

Resource Mining Corporation Limited has commenced exploration activities at its Wadi Salamah and Shaib Marqan projects in Saudi Arabia. The company has initiated a site visit to conduct mapping and rock chip sampling, which will guide future exploration efforts. Initial assays from the Wadi Salamah site have shown promising gold concentrations, indicating potential for further exploration. The Shaib Marqan project, located in an under-explored area, presents opportunities for discovering new precious and base metal targets, reinforcing the company’s strategic expansion in the region.