Red Mountain Mining Ltd (RMX) AI Stock Analysis

• Market Cap: AU$23.53M
• Dividend Yield: N/A
• Average Volume (3M): 38.33M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.92
• Revenue Growth: N/A
• EPS Growth: 40.82%
• Country: AU
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): >-0.01
• Shares Outstanding: 941,096,440
• 10 Day Avg. Volume: 37,534,253
• 30 Day Avg. Volume: 38,332,570
• PEG Ratio: >-0.01
• Price to Book (P/B): 3.06
• Price to Sales (P/S): 188.48
• P/FCF Ratio: -4.17
• 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: 48 Neutral
• Price Target: AU$0.03 ▲(25.00% Upside)

The score is held down primarily by weak financial performance—minimal revenue, persistent losses, and ongoing negative operating/free cash flow—despite modest leverage. Technicals are comparatively stronger with price above key moving averages and positive MACD, but valuation is constrained by a negative P/E driven by losses.

Positive Factors

Modest leverage

Debt-to-equity near 0.19 implies limited financial leverage, reducing near-term solvency risk and preserving flexibility to fund exploration or development. Over months this lowers bankruptcy risk and gives management optionality on timing and structure of future capital raises.

Narrowing free cash flow loss

A sharply smaller free cash flow shortfall versus the prior year indicates improving operational discipline or project cadence. If sustained, this trend lengthens runway, reduces near-term external funding needs, and improves the company’s ability to execute development plans over the coming months.

Gross profit turned positive

Achieving positive gross profit signals initial ability to cover direct production or project costs at the revenue level. This is an important early operational milestone that, if scaled, supports future margin expansion and the move from exploration toward a more sustainable operating model.

Negative Factors

Minimal revenue and persistent losses

Tiny revenue against multi‑million losses shows the business remains an exploration/development entity, not self‑funding. Over several months this constrains strategic choices, forces reliance on external capital for operations, and increases execution risk until commercial scale is achieved.

Consistent negative operating and free cash flow

Sustained negative operating and free cash flow indicate ongoing cash burn tied to operations and projects. This structural cash deficit limits internal reinvestment, heightens dependency on financing, and raises the probability of dilutive equity raises or constrained project timelines over the next 2–6 months.

Equity erosion and funding/dilution risk

Material decline in shareholders' equity reflects accumulated losses consuming the balance sheet. Even with modest debt, this erosion reduces financial cushion and makes new capital raises likelier, increasing dilution risk and potentially constraining long‑term project funding and strategic flexibility.

Red Mountain Mining Ltd Business Overview & Revenue Model

Company Description

Red Mountain Mining Limited explores for and develops mineral properties in Australia. It holds interests in the Mt Maitland gold project covering an area of 62 square kilometers located to the north of Meekatharra in the Murchison Goldfield, Western Australia; and Koonenberry gold project covering an area of 657 square kilometers located in south-eastern Australia. The company also holds interests in the Mt Mansbridge heavy rare earths project that consists of three contiguous granted exploration licenses E80/5111, E80/5229, and E80/5413 covering a total area of 280 square kilometers located in Western Australia; Batangas gold project located in the Philippines; and Mukabe-Kasari cobalt-copper project located in the Democratic Republic of the Congo. In addition, it holds 100% interests in the Nannup lithium, nickel, gold, and base metal project located in Western Australia. Red Mountain Mining Limited was incorporated in 2006 and is headquartered in West Perth, Australia.

How the Company Makes Money

Red Mountain Mining Ltd generates revenue through the exploration and development of mineral resources, primarily gold and lithium. The company makes money by identifying promising mining sites, conducting exploration activities, and increasing the value of these sites through development and feasibility studies. Once significant mineral resources are established, RMX may choose to sell these projects to larger mining companies, enter into joint ventures, or commence small-scale mining operations to extract and sell the minerals. Key revenue streams include the sale of exploration rights, partnerships with larger mining entities, and potential revenue from mineral extraction and sales. Strategic partnerships and favorable market conditions for gold and lithium are significant factors that contribute to the company's earnings.

Red Mountain Mining Ltd Financial Statement Overview

Summary

Overall financials reflect an early-stage/exploration profile: revenue is minimal (~22.6k in FY2025) with persistent losses (FY2025 net loss ~2.56m) and ongoing cash burn (FY2025 operating and free cash flow about -1.02m). Balance sheet leverage is modest (debt-to-equity ~0.19), but equity has eroded materially (from ~4.56m in FY2022 to ~1.39m in FY2025), elevating future funding/dilution risk.

Income Statement

Revenue remains minimal/early-stage (only ~22.6k in FY2025 after multiple years at zero), and losses are persistent. FY2025 net loss was ~2.56m with deeply negative operating profitability, indicating the business is still in a development/exploration phase rather than a self-funding producer. A positive is that reported gross profit turned positive in FY2025, but the scale is far too small relative to the cost base, so profitability is not yet in sight.

Balance Sheet

Leverage is modest, with debt-to-equity around 0.19 in FY2025 (and generally low-to-moderate historically), which reduces solvency risk versus highly levered peers. However, equity has declined meaningfully over time (from ~4.56m in FY2022 to ~1.39m in FY2025), reflecting ongoing losses and raising future funding/dilution risk. Returns on equity are consistently very negative, reinforcing that the balance sheet is being consumed by operating deficits.

Cash Flow

Cash generation is weak: operating cash flow is consistently negative (about -1.02m in FY2025), and free cash flow is also negative (about -1.02m in FY2025). A relative improvement is that free cash flow loss narrowed sharply versus FY2024 (when free cash flow was about -2.47m), but the company still relies on external capital to fund operations. Cash flow remains volatile year to year, consistent with project spending cycles.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	0.00	22.62K	0.00	0.00	0.00	0.00
Gross Profit	-84.62K	22.62K	-84.62K	-88.05K	-147.47K	-147.47K
EBITDA	-962.41K	-1.67M	-2.66M	-4.30M	-1.30M	-1.53M
Net Income	-1.75M	-2.56M	-2.76M	-4.40M	-1.45M	-1.68M
Balance Sheet
Total Assets	2.15M	2.15M	2.50M	3.29M	4.72M	3.87M
Cash, Cash Equivalents and Short-Term Investments	325.81K	274.46K	479.75K	1.03M	1.66M	1.87M
Total Debt	268.47K	268.47K	107.15K	196.83K	29.49K	679.24K
Total Liabilities	755.33K	755.33K	218.18K	497.40K	165.28K	1.05M
Stockholders Equity	1.39M	1.39M	2.28M	2.79M	4.56M	2.81M
Cash Flow
Free Cash Flow	-1.57K	-1.02M	-2.47M	-2.19M	-2.31M	-2.37M
Operating Cash Flow	-509.64K	-1.02M	-1.01M	-1.05M	-1.17M	-1.24M
Investing Cash Flow	-523.81K	-523.81K	-1.46M	-1.20M	-1.14M	-778.62K
Financing Cash Flow	1.39M	1.39M	1.92M	1.57M	2.23M	2.31M

Red Mountain Mining Ltd 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%
SFM	49 Neutral	AU$44.99M	-28.38	-51.49%	―	―	5.93%
MRZ	49 Neutral	AU$44.27M	-2.86	-20.35%	―	―	42.72%
RMX	48 Neutral	AU$23.53M	-4.31	-137.38%	―	―	40.82%
PRX	46 Neutral	AU$22.92M	-3.06	-60.89%	―	―	77.62%
A8G	46 Neutral	AU$5.21M	-1.91	-41.07%	―	-100.00%	-635.94%
TMB	46 Neutral	AU$14.09M	-2.12	-37.42%	―	―	3.65%

Red Mountain Mining Ltd Corporate Events

Red Mountain Expands Utah Antimony Footprint After Positive Fieldwork Results

Red Mountain Mining reported strong progress for the quarter ended 31 December 2025, driven by momentum at its Utah Antimony Project in the historic Antimony Mining District in Utah, USA. The company completed initial fieldwork that confirmed prospective geology and significant epithermal-style alteration similar to that hosting high-grade mineralisation at the neighbouring Antimony Canyon Project, and expanded its landholding by acquiring 19 additional claims to bring the total to 106 claims, consolidating its position adjacent to American Tungsten & Antimony’s key prospects.

The most recent analyst rating on (AU:RMX) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Red Mountain Mining Ltd stock, see the AU:RMX Stock Forecast page.

Red Mountain Uncovers High-Grade Antimony at Oaky Creek, Flags Large-Scale Orogenic Potential

Red Mountain Mining has reported spectacular high-grade antimony rock chip results from its Oaky Creek prospect within the Armidale antimony-gold project in New South Wales, with assays returning up to 34.3% Sb and 11 out of 13 samples from the Oaky Creek North soil anomaly exceeding 1.9% Sb. The strongly mineralised samples define a 1.6km NNW-trending strike at surface, indicating potential for a large-scale orogenic antimony-gold vein system analogous to Larvotto Resources’ Hillgrove project, and the company expects pending auger assay results and further fieldwork, including a planned high-resolution airborne magnetic-radiometric survey, to generate multiple drill targets at Oaky Creek in 2026, supported by the Australian Government’s designation of antimony as a priority critical mineral.

The most recent analyst rating on (AU:RMX) stock is a Sell with a A$0.02 price target. To see the full list of analyst forecasts on Red Mountain Mining Ltd stock, see the AU:RMX Stock Forecast page.

Red Mountain Mining Calls February 2026 Extraordinary General Meeting

Red Mountain Mining Ltd has called an Extraordinary General Meeting for shareholders to be held at its West Perth offices on 3 February 2026, with materials made available electronically rather than via hard-copy mail in line with updated Corporations Act provisions. The company is urging shareholders to review the Notice of Meeting online, submit proxy votes by 1 February 2026, and register attendance in advance, signalling an emphasis on streamlined, digital governance processes and proactive shareholder engagement ahead of key resolutions to be considered at the meeting.

The most recent analyst rating on (AU:RMX) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Red Mountain Mining Ltd stock, see the AU:RMX Stock Forecast page.

Red Mountain Mining Calls 2026 Meeting to Ratify Capital Raisings and Approve New Options

Red Mountain Mining Limited has called a general meeting of shareholders for 3 February 2026 in West Perth to seek ratification of several recent equity placements and to approve new securities issues. The agenda includes ratifying prior issues of multiple tranches of placement shares made in September and December, approving the issuance of options to participants in the December placement, and granting up to 50 million performance options to Lincoln Liu, a related party, subject to shareholder approval, steps that collectively formalize recent capital raisings and provide additional incentive-based equity, potentially increasing dilution but strengthening the company’s funding base and management alignment.

The most recent analyst rating on (AU:RMX) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Red Mountain Mining Ltd stock, see the AU:RMX Stock Forecast page.

Red Mountain Gains Momentum with Utah Antimony Project Expansion

Red Mountain Mining Limited has expanded its Utah Antimony Project through the acquisition of 19 additional claims, totaling 106 claims, following positive field results. Mapping confirmed geological similarities with a neighboring high-grade Antimony project and identified evidence of a significant epithermal system, supporting its exploration potential. The company will advance its efforts through geophysical studies and drill testing, reinforcing its positioning in the critical minerals sector and potentially enhancing shareholder and market confidence.

Red Mountain Mining Expands Share Base with New Issuance

Red Mountain Mining Ltd (ASX: RMX) has issued 74,923,077 fully paid ordinary shares to sophisticated and professional investors, as well as shares from the conversion of performance rights. This issuance was conducted without disclosure to investors under section 708A(5)(e) of the Corporations Act 2001. The company confirms compliance with relevant provisions of the Corporations Act and states there is no excluded information requiring disclosure. This strategic move is likely aimed at strengthening the company’s financial position and enhancing its market operations.

Red Mountain Mining Announces Quotation of New Securities on ASX

Red Mountain Mining Limited has announced the quotation of 54,923,077 fully paid ordinary securities on the ASX, effective December 12, 2025. This move is part of previously announced transactions and is expected to enhance the company’s market presence and liquidity, potentially impacting its operational capabilities and stakeholder interests positively.

Red Mountain Mining Ltd Announces Quotation of 20 Million Securities on ASX

Red Mountain Mining Ltd has announced the quotation of 20 million fully paid ordinary securities on the Australian Securities Exchange (ASX) under the code RMX. This move is part of the company’s strategic efforts to bolster its financial position and potentially expand its operations, reflecting a significant step in its growth trajectory within the mining industry.

Red Mountain Mining Announces Director’s Interest Change

Red Mountain Mining Ltd has announced a change in the director’s interest, specifically concerning Lincoln Liu. The change involves the acquisition of 769,231 fully paid ordinary shares and the conversion of 20 million performance rights into ordinary shares, reflecting a strategic adjustment in the director’s holdings.

Red Mountain Mining Unveils Promising Silver and Gold Prospects at Silver Dollar Project

Red Mountain Mining Ltd has announced the results of a technical study at its Silver Dollar Antimony Project in Idaho, revealing strong silver and gold potential with historical assays reporting up to 85.7 g/t Silver and 17.5 g/t Gold. The company plans to expand the project area and commence its maiden exploration program, aiming to capitalize on the rising silver and antimony prices. This strategic move positions RMX to enhance its portfolio in the Critical Minerals sector, aligning with the increased demand for these resources in the United States and the West.

Red Mountain Mining Ltd Announces Cessation of Securities

Red Mountain Mining Ltd announced the cessation of 6,497,463 securities due to the expiry of options or other convertible securities without exercise or conversion. This cessation could impact the company’s capital structure and investor relations, signaling a potential shift in its financial strategy or market positioning.

Red Mountain Mining Ltd Announces Proposed Securities Issue

Red Mountain Mining Ltd has announced a proposed issue of securities, including 25,961,538 unquoted options and 59,923,076 ordinary fully paid shares. This move is part of a placement or other type of issue, potentially impacting the company’s financial structure and market positioning by increasing its capital base.

Red Mountain Mining Expands Exploration at Armidale Antimony-Gold Project

Red Mountain Mining Ltd has initiated an expanded exploration program at its Armidale Antimony-Gold Project in New South Wales, Australia, with the aim of defining Antimony-Gold targets for drill testing by the first half of 2026. The company has discovered new antimony veins at the Oaky Creek prospect, enhancing its exploration prospects. Additionally, Red Mountain’s US Critical Minerals assets are progressing, with assay results expected by January 2026. A successful $1.35 million placement has bolstered the company’s financial position to support its exploration activities.

Red Mountain Mining Ltd Initiates Trading Halt for Funding Announcement

Red Mountain Mining Ltd has requested a trading halt on its securities pending an upcoming announcement related to a funding initiative. The halt is expected to last until the announcement is made or until normal trading resumes on December 4, 2025. This move indicates a significant development in the company’s financial strategy, potentially impacting its market position and stakeholder interests.

Red Mountain Mining Appoints New Auditor Amid Expansion Plans

Red Mountain Mining Ltd has appointed Hall Chadwick NSW as its new auditor, replacing RSM Australia Partners, to support its aggressive growth strategy in the Critical Minerals sector. The company is focused on expanding its portfolio of high-quality Critical Minerals projects in Tier-1 US mining jurisdictions, aiming to meet the growing demand for Western supply of these minerals. The resolution of the US federal government shutdown has provided increased clarity for the company’s US expansion strategy, and further updates will be provided to shareholders as developments occur.

Red Mountain Mining Unveils High-Grade Antimony Findings at Armidale Project

Red Mountain Mining Ltd has announced promising high-grade antimony results from its recent soil sampling at the Oaky Creek prospect, part of its Armidale Antimony-Gold Project. The results, which include a peak antimony value of 1,200 ppm, suggest the potential for a significant antimony-gold mineralization system. The company plans to initiate an exploration program in December to define drill targets, indicating a strategic move to enhance its positioning in the antimony-gold sector. This development aligns with Red Mountain’s exploration model and could have implications for stakeholders, given the project’s similarities to the Hillgrove deposit, Australia’s largest antimony-gold deposit.

Red Mountain Mining Issues New Shares and Options

Red Mountain Mining Ltd, a company listed on the ASX, has issued 74,314,392 fully paid ordinary shares and 50,235,294 options, as approved by its shareholders during the recent AGM. This issuance was conducted without disclosure to investors under specific sections of the Corporations Act, and the company has confirmed compliance with relevant legal provisions, indicating transparency and adherence to regulatory standards.

Red Mountain Mining Ltd Announces Quotation of New Securities

Red Mountain Mining Ltd has announced the quotation of 855,832 ordinary fully paid securities on the Australian Securities Exchange (ASX) as of November 21, 2025. This move is part of the company’s strategy to enhance its financial flexibility and potentially improve its market position, impacting stakeholders by increasing the liquidity of its shares.

Red Mountain Mining Announces Quotation of New Securities on ASX

Red Mountain Mining Limited has announced the quotation of 60,250,769 fully paid ordinary securities on the Australian Securities Exchange (ASX) under the code RMX. This move is part of previously announced transactions and is expected to enhance the company’s market presence and liquidity, potentially benefiting stakeholders by increasing the accessibility and trade of its securities.

Red Mountain Mining Ltd Announces New Securities Quotation

Red Mountain Mining Ltd has announced the application for the quotation of new securities on the ASX, including 13,207,791 ordinary fully paid shares and 50,235,294 options expiring on May 10, 2027. This move, subject to shareholder approval, is aimed at strengthening the company’s financial position and supporting its strategic initiatives in the mining sector.

Red Mountain Mining Expands Yellow Pine Antimony Project in Idaho

Red Mountain Mining Ltd has significantly expanded its Yellow Pine Antimony Project in the Stibnite Mining District, Idaho, USA, by acquiring additional claims that increase the project size by 75%. This expansion positions the project within close proximity to major projects like Perpetua Resources’ Stibnite Gold-Antimony Project and Resolution Minerals’ Horse Heaven Gold-Antimony Project. The move is part of Red Mountain’s strategy to capitalize on the critical shortage of strategic metals and aligns with strong governmental interest in key metals, potentially enhancing the company’s market positioning and stakeholder value.

Red Mountain Mining Ltd Debuts Strongly on US OTCQB Market

Red Mountain Mining Ltd has successfully listed on the US OTCQB market, experiencing a strong debut with a 36% rise in trading price and significant US-based investor engagement. The company is actively pursuing strategic partnerships to accelerate the development of its US and Australian Critical Minerals Portfolio, which includes promising Antimony projects in Idaho, Utah, and Australia. Red Mountain aims to capitalize on the critical shortage of strategic metals, with further updates expected on its projects and US growth initiatives following the resolution of the US Government shutdown.

Red Mountain Mining Ltd Successfully Passes All AGM Resolutions

Red Mountain Mining Ltd announced that all resolutions at its Annual General Meeting held on 13 November 2025 were successfully carried out by a poll. The resolutions included the adoption of the remuneration report, approval of placement capacity, and the re-election of director Mauro Piccini, among others. This outcome reflects strong shareholder support and positions the company to continue its strategic initiatives, potentially impacting its operational capabilities and market standing positively.

Red Mountain Mining Issues 5 Million New Shares

Red Mountain Mining Ltd has announced the issuance of 5,000,000 fully paid ordinary shares through the conversion of quoted and unquoted options. This move was made without disclosure to investors under section 708A(5)(e) of the Corporations Act 2001. The company has confirmed compliance with relevant provisions of the Corporations Act and stated that no additional information is required to be disclosed. This issuance is part of the company’s ongoing efforts to manage its capital structure and could potentially impact its market positioning by increasing the number of shares available for trading.

Red Mountain Mining Ltd Issues 5 Million New Securities

Red Mountain Mining Ltd announced the issuance of 5,000,000 fully paid ordinary securities, which will be quoted on the ASX. This move is part of the company’s strategy to enhance its capital structure, potentially impacting its market positioning and providing opportunities for stakeholders to engage with the company’s growth prospects.

Red Mountain Mining Ltd Advances Towards US Stock Exchange Listing

Red Mountain Mining Ltd is advancing towards a US Stock Exchange listing on the OTCQB under the code ‘RMXFF’, aiming to enhance its strategic alignment with the US Government’s push for domestic critical minerals supply. The company has aggressively acquired US antimony assets in key mining districts and progressed its Armidale Antimony-Gold Project in Australia, positioning itself to benefit from US Federal support amid global supply concerns.

Red Mountain Mining Ltd Issues Over 5 Million New Shares

Red Mountain Mining Ltd has issued 5,511,302 fully paid ordinary shares through the conversion of options, as part of their strategy to enhance liquidity and shareholder value. This issuance was conducted without disclosure to investors under specific provisions of the Corporations Act, indicating the company’s compliance with regulatory requirements and transparency in its operations.

Red Mountain Mining Ltd Announces Quotation of New Securities

Red Mountain Mining Ltd has announced the quotation of 5,511,302 ordinary fully paid securities on the Australian Securities Exchange (ASX) as of October 31, 2025. This move is part of the company’s strategic efforts to enhance its market presence and provide additional value to its stakeholders through the exercise of options and conversion of convertible securities.

Red Mountain Mining Expands with Strategic Acquisition in Utah

Red Mountain Mining Ltd has bolstered its strategic position by acquiring 87 claims in the Antimony Mining District in Utah, USA, during the quarter ending September 2025. This acquisition aligns with Red Mountain’s focus on critical minerals, potentially enhancing its market position and offering new opportunities for exploration and development in a historically significant mining area.