Red Mountain Mining Ltd (RMX) AI Stock Analysis

• Market Cap: AU$20.90M
• Dividend Yield: N/A
• Average Volume (3M): 38.33M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.70
• 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 ▲(15.00% 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

Low leverage

Modest debt levels reduce solvency risk and give management more optionality in financing exploration and development. For an early-stage miner, low leverage lowers interest burden and the urgency of dilutive equity raises, supporting multi‑month resilience while pursuing project milestones.

Improving cash-flow trend

The material narrowing in free cash flow loss suggests better spending discipline or progressing project activities that reduce burn. A sustained improvement trajectory reduces near-term external funding needs and increases the chance the company can manage operations through the next 2–6 months without immediate heavy recapitalisation.

Gross profit turned positive

Achieving positive gross profit, even at small scale, signals the company can generate margin on revenue and that costs of goods are being controlled. If maintained and scaled, this is a necessary precursor to operating profitability and demonstrates structural potential beyond pure expense-funded exploration.

Negative Factors

Minimal revenue base

A very small revenue base means operations are not self‑sustaining and fixed costs overwhelm any sales. This structural immaturity extends the timeline to profitable scale and increases the company's reliance on capital markets or partners to fund ongoing exploration and development over the next several months.

Persistent operating losses

Consistent and material operating losses erode financial flexibility and consume equity. Until the company achieves sustained positive operating cash flow or a clear path to EBITDA breakeven, losses will pressure reserves and force financing choices that can delay projects or dilute shareholders over the medium term.

Eroding equity / funding risk

Material decline in shareholders' equity reduces the balance sheet buffer and raises the probability of future capital raises. For an exploration company that consumes cash, diminished equity increases dilution risk and could limit the ability to pursue opportunities or survive protracted project timelines without external support.

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

null

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	Jun 2025	Jun 2024	Jun 2023	Jun 2022	Jun 2021
Income Statement
Total Revenue	0.00	22.62K	0.00	0.00	0.00	0.00
Gross Profit	-87.50K	22.62K	-84.62K	-88.05K	-147.47K	-147.47K
EBITDA	-2.85M	-1.67M	-2.66M	-4.30M	-1.30M	-1.53M
Net Income	-3.83M	-2.56M	-2.76M	-4.40M	-1.45M	-1.68M
Balance Sheet
Total Assets	4.90M	2.15M	2.50M	3.29M	4.72M	3.87M
Cash, Cash Equivalents and Short-Term Investments	2.18M	274.46K	479.75K	1.03M	1.66M	1.87M
Total Debt	72.60K	268.47K	107.15K	196.83K	29.49K	679.24K
Total Liabilities	431.39K	755.33K	218.18K	497.40K	165.28K	1.05M
Stockholders Equity	4.47M	1.39M	2.28M	2.79M	4.56M	2.81M
Cash Flow
Free Cash Flow	-1.52M	-1.02M	-2.47M	-2.19M	-2.31M	-2.37M
Operating Cash Flow	-1.52M	-1.02M	-1.01M	-1.05M	-1.17M	-1.24M
Investing Cash Flow	-673.75K	-523.81K	-1.46M	-1.20M	-1.14M	-778.62K
Financing Cash Flow	4.22M	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$20.90M	-1.45	-86.21%	―	―	40.82%
SFM	47 Neutral	AU$56.99M	-2.79	-28.97%	―	―	5.93%
PRX	46 Neutral	AU$20.23M	-2.09	-58.76%	―	―	77.62%
A8G	46 Neutral	AU$4.57M	-2.74	-58.04%	―	-100.00%	-635.94%
TMB	46 Neutral	AU$12.34M	-1.33	-50.11%	―	―	3.65%
MRZ	45 Neutral	AU$33.69M	-2.33	-20.90%	―	―	42.72%

Red Mountain Mining Ltd Corporate Events

Red Mountain Mining Issues Interim Half-Year Financial Report

Red Mountain Mining has released its interim financial report for the half-year ended 31 December 2025, prepared under AASB 134 Interim Financial Reporting. The report, which forms part of the company’s ongoing compliance with Australian corporate and ASX listing rules, provides an update on the group’s financial performance and position ahead of its full-year results.

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 Unveils High-Grade Antimony and Gold Results at Thompson Falls

Red Mountain Mining has reported outstanding new assay results from the historical Eastern Star silver-lead mine within its Thompson Falls Antimony Project on the Montana-Idaho border, highlighting consistently high-grade antimony and anomalous gold. Average grades from the sampling program reached 8.7% antimony and 0.37 g/t gold, with individual samples returning up to 36.5% antimony and 1.12 g/t gold, and a spot pXRF reading of 47.3% antimony on a visually estimated 45% stibnite rock sample.

The company plans a comprehensive surface mapping and sampling program to accelerate definition of the project’s resource potential and has strengthened its U.S. technical team with drill-permitting expertise to advance approvals across its critical minerals portfolio. These steps, alongside pending assay results from its Armidale Antimony-Gold Project, underscore Red Mountain’s strategy to build a significant position in antimony, a critical mineral, in proximity to existing U.S. processing infrastructure.

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 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.