Red Mountain Mining Ltd (RMX) AI Stock Analysis

• Market Cap: AU$23.75M
• Dividend Yield: N/A
• Average Volume (3M): 38.33M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.64
• 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: 949,896,400
• 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$0.02 ▲(20.00% Upside)
• Action: Reiterated Date: 01/21/26
• Date: Action: Reiterated 01/21/26

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

A low debt-to-equity (~0.19) meaningfully reduces solvency and interest burden risk for an exploration-stage miner. This durable capital structure gives management flexibility to time project spending or raise equity from a stronger position, lowering default risk over months.

Improving cash flow trend

The sharp narrowing of free cash flow loss versus FY2024 signals improving operational efficiency or lower project cash burn. If sustained, this reduces near-term external funding needs, lengthens runway, and is a durable improvement in the company's ability to manage capital for development cycles.

Gross profit turned positive

A shift to positive gross profit indicates underlying unit economics may be viable once scale increases. For a resource developer, positive gross margins are a structural prerequisite for eventual sustainable profitability if costs remain controlled and production scales.

Negative Factors

Minimal revenue base

Revenue remains effectively immaterial while operating costs produce large net losses, showing the business is not yet self-sustaining. Over the coming months this structural revenue shortfall forces reliance on financing and limits the company's ability to fund exploration or scale without dilution.

Ongoing cash burn

Consistent negative operating and free cash flow (~-1.02m) indicates ongoing cash burn that will persist absent material operational change. This structural outflow pressures liquidity and mandates external capital, raising dilution or project funding risk in the medium term.

Eroding equity base

Material erosion of shareholder equity over several years reflects accumulated losses and reduces the company's financial buffer. This durable weakening of the balance sheet makes future financing more dilutive or costly and narrows strategic flexibility for project development.

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	Jun 2025	Jun 2024	Jun 2023	Jun 2022	Jun 2021
Income Statement
Total Revenue	22.62K	0.00	0.00	0.00	0.00
Gross Profit	22.62K	-84.62K	-88.05K	-147.47K	-147.47K
EBITDA	-1.67M	-2.66M	-4.30M	-1.30M	-1.53M
Net Income	-2.56M	-2.76M	-4.40M	-1.45M	-1.68M
Balance Sheet
Total Assets	2.15M	2.50M	3.29M	4.72M	3.87M
Cash, Cash Equivalents and Short-Term Investments	274.46K	479.75K	1.03M	1.66M	1.87M
Total Debt	268.47K	107.15K	196.83K	29.49K	679.24K
Total Liabilities	755.33K	218.18K	497.40K	165.28K	1.05M
Stockholders Equity	1.39M	2.28M	2.79M	4.56M	2.81M
Cash Flow
Free Cash Flow	-1.02M	-2.47M	-2.19M	-2.31M	-2.37M
Operating Cash Flow	-1.02M	-1.01M	-1.05M	-1.17M	-1.24M
Investing Cash Flow	-523.81K	-1.46M	-1.20M	-1.14M	-778.62K
Financing Cash Flow	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%
RMX	48 Neutral	AU$23.75M	-4.14	-137.38%	―	―	40.82%
PRX	46 Neutral	AU$21.91M	-2.93	-60.89%	―	―	77.62%
A8G	46 Neutral	AU$4.98M	-1.83	-41.07%	―	-100.00%	-635.94%
TMB	46 Neutral	AU$15.60M	-2.31	-37.42%	―	―	3.65%
MRZ	45 Neutral	AU$38.50M	-2.55	-20.35%	―	―	42.72%
SFM	43 Neutral	AU$50.47M	-28.83	-51.49%	―	―	5.93%

Red Mountain Mining Ltd Corporate Events

Red Mountain Mining Advances High-Grade US Antimony Portfolio in Tier-1 Districts

Red Mountain Mining is advancing its United States critical minerals portfolio, concentrating on high-grade antimony projects in Montana, Utah and Idaho that sit near existing processing infrastructure and established mining districts. By building positions in these Tier-1 regions, the company aims to capitalise on US and Australian policy priorities around securing strategic metal supply chains and strengthen its competitive foothold in the critical minerals sector.

At the Thompson Falls Antimony Project in Montana, initial sampling returned grades up to 36.5% antimony and notable gold values, with further assay results expected and a comprehensive mapping and sampling program due to begin shortly to define resource potential. In Utah, Red Mountain’s project adjoins American Tungsten and Antimony’s large Antimony Canyon Project, with visible stibnite mineralisation and geological mapping suggesting that the same high-grade antimony system may extend into Red Mountain’s ground, while an expanded US technical team is accelerating permitting across the company’s American assets.

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 Secures High-Grade Thompson Falls Antimony Project Near Sole US Smelter

Red Mountain Mining has acquired the Thompson Falls Antimony Project on the Montana–Idaho border, just 4.2 km from United States Antimony Corporation’s operations and the only antimony smelter in the US. Initial fieldwork has already identified three historical underground mines and a pit, with first assays returning high-grade antimony and gold, and the project is considered highly prospective for silver given its location at the eastern end of the prolific Coeur d’Alene mineral district. The acquisition significantly bolsters Red Mountain’s North American critical minerals footprint and aligns the company with renewed US efforts to secure domestic supplies of antimony and silver, while complementing its ongoing exploration and technical work across its Utah, Idaho and Armidale (NSW) projects.

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 Halts Trading Ahead of Major US Critical Minerals Move

Red Mountain Mining has requested and been granted a trading halt in its securities on the ASX while it prepares a market announcement regarding a significant addition to its US critical minerals portfolio. The halt will remain in place until either 6 February 2026 or the earlier release of the announcement, signalling that the company may be undertaking a material transaction or project expansion that could influence its strategic positioning in the critical minerals sector and potentially affect shareholder value once details are disclosed.

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 Grants Incentive Performance Options to Director Lincoln Liu

Red Mountain Mining Ltd has disclosed a change in director Lincoln Liu’s interests, following the issuance of new incentive performance options that were approved at a general meeting on 3 February 2026. Liu, who previously held a mix of direct and indirect ordinary shares and quoted options, has now been granted 50 million Class A, B and C performance options indirectly via Bay Financial Pty Ltd at a nominal strike price of $0.0001 per option, further aligning his remuneration with the company’s performance and potentially increasing his influence over the company’s capital structure.

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 Issues Over 115 Million New Performance Options

Red Mountain Mining Limited has notified the market of a substantial issue of new unquoted equity securities in the form of performance options. The company is creating three new classes of unquoted Class A, B and C Performance Options, with a total of 115,​,​? million options (38.67 million Class A, 38.67 million Class B and 38.66 million Class C) to be issued on 3 February 2026, a move that could significantly increase its potential equity base and may impact future capital structure and shareholder dilution depending on how and when these options are exercised.

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 Issues 26 Million Unquoted Options Expiring in 2028

Red Mountain Mining Limited has notified the market that it will issue 25,961,538 unquoted options, each exercisable at A$0.05 and expiring on 31 December 2028. The new options, which are part of a previously announced transaction and are not intended to be quoted on the ASX, represent a form of non-listed equity-based compensation or financing that could lead to future dilution for existing shareholders if exercised, while potentially strengthening the company’s capital position over the longer term.

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 Shareholders Back Capital Raisings and Performance Options at EGM

Red Mountain Mining has reported that all resolutions put to shareholders at its 3 February 2026 extraordinary general meeting were passed by poll, confirming strong investor support for recent capital raisings and incentive structures. Shareholders ratified prior issues of shares from the September and December placements and approved the issue of associated options, including performance options for key executives and advisers, reinforcing the company’s capacity to use its full placement flexibility going forward and aligning management and advisory incentives with shareholder interests.

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 Ramps Up Exploration at High-Grade Oaky Creek Antimony Prospect

Red Mountain Mining has launched an expanded auger soil sampling program at the Oaky Creek high‑grade antimony prospect within its Armidale Antimony-Gold Project in New South Wales, aiming to systematically test the full ~3km strike length of existing antimony soil anomalies at Oaky Creek North and South. Building on previously reported high-grade assays that suggest a large-scale orogenic antimony-gold vein system comparable to Larvotto Resources’ Hillgrove deposit, the program is intended to refine multiple drill targets for the next drilling phase by next quarter, with analytical results expected by March; backed by recently secured funding from high net worth and family office investors, the company is fully financed to execute this exploration campaign while continuing to pursue additional critical metals acquisitions in Australia and the United States.

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 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.