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Terra Uranium Limited (AU:T92)
ASX:T92
Australian Market

Terra Uranium Limited (T92) AI Stock Analysis

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AU:T92

Terra Uranium Limited

(Sydney:T92)

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Neutral 45 (OpenAI - 5.2)
Rating:45Neutral
Price Target:
AU$0.07
â–˛(40.00% Upside)
Action:ReiteratedDate:03/24/26
The score is primarily held back by weak financial performance (pre-revenue, ongoing cash burn) despite a debt-free balance sheet and improved loss/FCF trends versus 2023. Technicals also weigh on the score given below-20D/50D trading and soft momentum indicators. Valuation contributes modestly negatively because the negative P/E reduces comparability and there is no dividend yield support.
Positive Factors
Debt-free balance sheet
A debt-free capital structure materially reduces refinancing and interest-rate risk for an exploration company. This gives management flexibility to fund programs via equity or cash without near-term debt maturities, improving resilience to sector cycles and aiding long-term project advancement.
Improving cash flow trends
A pronounced improvement in free cash flow indicates stronger spending discipline and lower discretionary outlays. For an early-stage explorer this trend lengthens the operational runway, reduces near-term funding needs and signals management is prioritizing capital efficiency over aggressive burn.
Stable equity base
A relatively stable equity base provides a buffer to absorb exploration costs and supports continued operations without immediate dilution. It also improves credibility with investors and partners seeking sustained capital backing for multi-period exploration programs and regulatory permitting.
Negative Factors
Pre-revenue profile
Being pre-revenue means the business lacks operating cash inflows and depends on successful resource definition or external financing to reach commercialization. This lengthens the investment horizon and raises execution risk tied to exploration outcomes and permitting timelines.
Ongoing operating cash burn
Persistent negative operating cash flow compels recurring capital raises or dilution, constraining strategic options. Even with recent improvement, continued burn increases vulnerability to financing market conditions and can delay or curtail exploration programs if external funding becomes costly or scarce.
Negative profitability and asset volatility
Ongoing net losses and swings in total assets reflect the exploratory nature and occasional write-downs or irregular investment timing. This asset volatility undermines predictability of returns and raises the likelihood of further write-offs if exploration fails to delineate economic resources.

Terra Uranium Limited (T92) vs. iShares MSCI Australia ETF (EWA)

Terra Uranium Limited Business Overview & Revenue Model

Company DescriptionTerra Uranium Limited engages in the exploration and production of uranium projects in Canada. It holds interests in the HawkRock, Pasfield Lake, and Parker Lake projects located in the Eastern Athabasca Basin, Canada. The company was incorporated in 2021 and is based in Melbourne, Australia.
How the Company Makes Moneynull

Terra Uranium Limited Financial Statement Overview

Summary
Early-stage, pre-revenue profile with ongoing losses and persistent operating cash burn. Positives include a debt-free balance sheet and relatively stable equity, plus meaningful improvement in losses and free cash flow versus 2023; however, lack of revenue and continued funding dependence keep overall financial quality below average.
Income Statement
18
Very Negative
The company is pre-revenue (revenue reported as 0 in 2025 and 2023), which makes profitability metrics less meaningful and highlights an early-stage profile. Losses persist across the period, but the income loss has improved materially from 2023 (net loss about -1.83M) to 2024 (-0.97M) and remains relatively small in 2025 (-1.98K). Overall, the trend shows a sharp reduction in operating losses versus 2023, but the lack of revenue and ongoing losses keep the income statement quality weak.
Balance Sheet
63
Positive
The balance sheet is conservatively positioned with no debt reported across all years, reducing financial risk and refinancing pressure. Equity remains sizable and relatively stable (~7.66M–8.05M), supporting ongoing operations. However, returns remain negative due to continuing losses, and total assets declined from 2023 to 2024 before recovering in 2025, indicating some volatility in the asset base.
Cash Flow
32
Negative
Cash generation is negative, with operating cash flow consistently cash-burning (about -1.13M to -1.28M per year), consistent with an exploration/early-stage business. Free cash flow is also negative, but it improved significantly from 2023 (about -7.97M) to 2024 (-2.24M) and again to 2025 (-1.68M), suggesting better spending control after a heavy 2023 outflow. Still, ongoing cash burn means the company likely depends on external funding over time.
BreakdownJun 2025Jun 2024Jun 2023
Income Statement
Total Revenue0.00―0.00
Gross Profit0.00―0.00
EBITDA0.000.00-2.04M
Net Income-1.98K-971.00-1.83M
Balance Sheet
Total Assets8.58M8.15M9.27M
Cash, Cash Equivalents and Short-Term Investments96.61K317.45K1.60M
Total Debt0.000.000.00
Total Liabilities918.12K288.89K1.23M
Stockholders Equity7.66M7.86M8.05M
Cash Flow
Free Cash Flow-1.68M-2.24M-7.97M
Operating Cash Flow-1.19M-1.28M-1.13M
Investing Cash Flow-530.94K-955.40K-6.84M
Financing Cash Flow1.53M957.22K9.43M

Terra Uranium Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (65)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
65
Neutral
$15.17B7.614.09%5.20%3.87%-62.32%
46
Neutral
AU$18.66M-30.09-1.07%――8.33%
45
Neutral
AU$10.68M-1.24-0.03%―――
44
Neutral
AU$11.52M-1.19-1070.16%―-57.74%60.13%
43
Neutral
AU$116.49M-4.98-32.33%――1.38%
40
Underperform
AU$6.46M-2.50-82.81%――-141.67%
* Energy Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:T92
Terra Uranium Limited
0.07
0.03
71.43%
GB:AURA
Aura Energy
6.25
0.00
0.00%
AU:ZEU
Zeus Resources Ltd.
0.01
0.00
0.00%
AU:ADD
Adavale Resources Limited
0.04
<0.01
9.38%
AU:EL8
Elevate Uranium Ltd
0.25
0.01
4.17%
AU:EME
Energy Metals Ltd
0.09
0.02
34.85%

Terra Uranium Limited Corporate Events

Terra Critical Minerals Expands NSW Tin Portfolio with High-Grade Silent Grove Find
Mar 22, 2026

Terra Critical Minerals has expanded its holdings in New South Wales with the granting of exploration licence EL9872 over the historic Silent Grove tin project on the northern edge of the Mole Granite. The project area hosts around 15 alluvial and hard rock tin mines with mineralisation dominated by hydrothermal quartz-cassiterite-chlorite lodes aligned with the regional structural grain.

The company reports significant historical tin mineralisation in the New England region, including grab samples up to 5.21% tin and notable silver and bismuth credits, which its JORC Competent Person considers compliant with modern reporting standards. With tin prices surging amid tight global supply and rising demand from electronics and non-toxic metal applications, the largely untested Silent Grove area positions Terra to leverage a key critical mineral opportunity in a major tin granite province.

The most recent analyst rating on (AU:T92) stock is a Hold with a A$0.09 price target. To see the full list of analyst forecasts on Terra Uranium Limited stock, see the AU:T92 Stock Forecast page.

Terra Critical Minerals Options Register Shows Highly Concentrated Ownership
Mar 20, 2026

Terra Critical Minerals Limited has released a top holders report for its listed options T92OPT02, exercisable at $0.09 and expiring on December 31, 2026, showing a concentrated ownership structure. The top 20 holders collectively control 57,816,668 options, or 82.42% of the 70,145,500 options on issue, highlighting a tightly held register dominated by specialist investment firms and private entities.

The largest holder, 10 Bolivianos Pty Ltd, owns 16.26% of the series, with several other funds and family investment vehicles each holding between roughly 1% and 7%. This concentration of ownership may influence liquidity and trading dynamics in the option series and underscores the role of a relatively small group of sophisticated holders in backing Terra Critical Minerals’ capital structure.

The most recent analyst rating on (AU:T92) stock is a Hold with a A$0.10 price target. To see the full list of analyst forecasts on Terra Uranium Limited stock, see the AU:T92 Stock Forecast page.

Terra Critical Minerals Reveals Highly Concentrated Options Register
Mar 20, 2026

Terra Critical Minerals Limited reported the holding distribution for its listed options expiring on 31 December 2026, priced at $0.09. The company has 70,145,500 options on issue, held by 67 holders as of 20 March 2026.

The data show that nearly all options are concentrated among larger holders, with 99.86% of the options held in parcels above 100,000 units and only one smaller holder in the 10,000 to 100,000 range. This concentrated ownership suggests a tightly held options register, which may influence liquidity and trading dynamics for these securities.

The most recent analyst rating on (AU:T92) stock is a Hold with a A$0.10 price target. To see the full list of analyst forecasts on Terra Uranium Limited stock, see the AU:T92 Stock Forecast page.

Terra Critical Minerals Seeks ASX Quotation for 70 Million Options
Mar 20, 2026

Terra Critical Minerals Limited has applied to the ASX for quotation of 70,145,500 options, each with an exercise price of $0.09 and expiring on 31 December 2026, to trade under the code T92OB. The move converts 65,645,500 existing unlisted options and 4,500,000 newly issued options into quoted securities, enhancing liquidity and providing additional leverage and potential capital-raising flexibility for investors and the company.

The options, issued or designated as of 18 March 2026, represent a significant block of derivative securities that could translate into future equity if exercised. Quotation on the ASX broadens market access to these instruments, potentially increasing investor participation and transparency around the company’s capital structure as it pursues its critical minerals strategy.

The most recent analyst rating on (AU:T92) stock is a Hold with a A$0.10 price target. To see the full list of analyst forecasts on Terra Uranium Limited stock, see the AU:T92 Stock Forecast page.

Terra Critical Minerals Issues Interim Report After Rebrand
Mar 16, 2026

Terra Critical Minerals Limited has released its interim report for the half-year ended 31 December 2025, detailing its financial performance, position, and cash flows. The document includes directors’ and auditor’s reports along with consolidated financial statements, providing stakeholders with an overview of the company’s current status and operational progress during the period.

The release of this interim report marks a period of transition for the company following its rebranding from Terra Uranium Limited, signaling a broader strategic emphasis on critical minerals beyond uranium. This shift in identity and reporting framework positions the company to align more closely with growing global demand for critical resources, which may influence investor perception and its role within the critical minerals value chain.

The most recent analyst rating on (AU:T92) stock is a Hold with a A$0.12 price target. To see the full list of analyst forecasts on Terra Uranium Limited stock, see the AU:T92 Stock Forecast page.

Terra Critical Minerals Options Register Reveals Highly Concentrated Ownership
Mar 12, 2026

Terra Critical Minerals Limited has released a top holders report for its listed options (T92OA), exercisable at $0.09 and expiring on 29 December 2030, showing a highly concentrated ownership structure. The largest holder, 7 Enterprises Pty Ltd, controls just over 51% of the 58.63 million options on issue, while the top 20 holders collectively own nearly 86%, highlighting limited free float and potential influence of a small group of investors on option liquidity and any future exercise-driven capital raising.

The register also includes a mix of private investment vehicles, superannuation funds and nominee companies, reflecting a blend of retail, high net worth and institutional-style holders. This concentration among a relatively small cohort of investors may shape trading dynamics in the options series and could affect how additional capital is introduced into Terra Critical Minerals should these options be exercised closer to expiry.

The most recent analyst rating on (AU:T92) stock is a Hold with a A$0.12 price target. To see the full list of analyst forecasts on Terra Uranium Limited stock, see the AU:T92 Stock Forecast page.

Terra Critical Minerals Seeks ASX Quotation for 36.9 Million New Options
Mar 11, 2026

Terra Critical Minerals Limited has applied to the ASX for quotation of 36,862,654 new options, exercisable under the code T92OA and expiring on 29 December 2030. The options arise from the placement of the shortfall from an options entitlements offer previously announced in late 2025, and their quotation will expand the company’s listed derivative securities base and potentially broaden investor participation in its capital structure.

The most recent analyst rating on (AU:T92) stock is a Hold with a A$0.11 price target. To see the full list of analyst forecasts on Terra Uranium Limited stock, see the AU:T92 Stock Forecast page.

Terra Critical Minerals completes compliance options offer to secure ASX quotation
Mar 9, 2026

Terra Critical Minerals Limited has completed a compliance options offer tied to its T92AF options series, issuing 2,500,000 options at $0.01 each to raise $25,000 before costs. The move is designed to facilitate the ASX quotation of both new and existing T92AF options, which carry a $0.09 exercise price and expire on 31 December 2026.

The company plans to apply for official quotation of all T92AF options once the ASX confirms that spread and listing requirements have been met. While the capital raised is modest, securing quotation for this options series should enhance trading flexibility for holders and support broader liquidity and capital management for Terra Critical Minerals.

The most recent analyst rating on (AU:T92) stock is a Hold with a A$0.13 price target. To see the full list of analyst forecasts on Terra Uranium Limited stock, see the AU:T92 Stock Forecast page.

Terra Critical Minerals links share price spike to tungsten rally and U.S. asset acquisition
Mar 6, 2026

Terra Critical Minerals Limited has responded to an ASX price and volume query following a sharp rise in its share price and trading activity, stating it is not aware of any undisclosed information that could explain the movement. The company instead pointed to its January 2026 acquisition of the True American Tungsten Project in Nevada and record tungsten prices above $2,200 per MTU, driven by supply constraints from China and strong demand from high-tech and defense industries.

Management confirmed that Terra Critical Minerals remains in compliance with ASX Listing Rule 3.1 on continuous disclosure and that its responses were authorised by the board. The linkage between the company’s new U.S. tungsten asset and the broader surge in tungsten prices and peer valuations suggests investors may be re-rating Terra Critical’s exposure to the critical minerals theme despite no new price-sensitive announcements.

The most recent analyst rating on (AU:T92) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on Terra Uranium Limited stock, see the AU:T92 Stock Forecast page.

Terra Critical Minerals Director Increases Indirect Shareholding
Mar 2, 2026

Terra Critical Minerals Limited has disclosed a change in director Niv Dagan’s relevant interests, primarily held indirectly through 10 Bolivianos Pty Ltd, in line with ASX listing rule 3.19A.2. The filing shows a small on-market acquisition of 18,165 fully paid ordinary shares at $0.078 per share, increasing the indirect holding to 27,765,832 shares while option positions remain unchanged.

The incremental share purchase modestly lifts Dagan’s exposure to Terra Critical Minerals without altering the existing structure of unlisted options expiring in 2026. While the transaction is relatively small in scale, such director buying can be read by some investors as a signal of confidence and adds marginally to insider-aligned ownership in the company.

The most recent analyst rating on (AU:T92) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on Terra Uranium Limited stock, see the AU:T92 Stock Forecast page.

Terra Critical Minerals Announces Resignation of Non-Executive Director
Feb 11, 2026

Terra Critical Minerals Limited has announced the resignation of non-executive director Doug Engdahl from its board, marking a change in the company’s governance structure. The board expressed its gratitude for Engdahl’s service and contribution, signalling an orderly transition in leadership responsibilities without indicating any immediate operational or strategic disruption for stakeholders.

The resignation, formally authorised by the company secretary, underscores routine board renewal as Terra Critical Minerals continues to manage its corporate oversight. While no replacement has yet been disclosed, the move may open the way for future appointments that could influence the company’s strategic direction and board composition in the critical minerals sector.

The most recent analyst rating on (AU:T92) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on Terra Uranium Limited stock, see the AU:T92 Stock Forecast page.

Terra Critical Minerals Updates Registered Office Details
Feb 4, 2026

The company has shifted its registered office to Suite 303, 365 Little Collins Street, Melbourne, consolidating administrative functions while keeping all other contact details intact. This logistical update signals a routine corporate housekeeping move rather than a strategic shift, but it reinforces transparent communication with stakeholders and ensures continuity of operations.

The most recent analyst rating on (AU:T92) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on Terra Uranium Limited stock, see the AU:T92 Stock Forecast page.

Terra Critical Minerals Doubles Nevada Tungsten Holding and Confirms High-Grade Surface Finds
Feb 3, 2026

Terra Critical Minerals has doubled its landholding at the True American Tungsten Project in Nevada to about 1,130 acres, securing more than 4km of strike along prospective vein trends and skarn contacts, and confirming high-grade tungsten from surface samples with assays up to 2.73% WO3. The project, which has seen no modern exploration since the mid-1940s, now includes newly identified mineralised zones, structurally controlled quartz–carbonate veins in addition to scheelite-bearing limestone lenses, and located historical adits from 1940s production, positioning Terra to capitalise on multi-decade high tungsten prices driven by Chinese supply disruptions and rising strategic demand.

The most recent analyst rating on (AU:T92) stock is a Hold with a A$0.07 price target. To see the full list of analyst forecasts on Terra Uranium Limited stock, see the AU:T92 Stock Forecast page.

Terra Critical Minerals Expands Tungsten and Uranium Footprint Amid Surging Prices
Jan 30, 2026

Terra Critical Minerals has completed the acquisition of 100% of the True American Tungsten Project in Nevada and established a U.S. subsidiary, T92 USA Inc, sharpening its North American focus and potentially improving access to U.S. government funding and further acquisition opportunities. Historical sampling indicates significant tungsten at surface at the Nevada project, while the company has strengthened its technical advisory team to advance its New South Wales tungsten, silver and tin projects, and amended its option agreement with ATHA Energy to increase spending or drilling commitments for a 30% stake in the Pasfield Lake uranium project, positioning it to benefit from rising tungsten and uranium prices driven by supply constraints and surging demand from AI infrastructure, datacentres and global defence spending.

The most recent analyst rating on (AU:T92) stock is a Hold with a A$0.08 price target. To see the full list of analyst forecasts on Terra Uranium Limited stock, see the AU:T92 Stock Forecast page.

Terra Critical Minerals Issues Shares for True American Tungsten Project Acquisition
Jan 23, 2026

Terra Critical Minerals Limited has issued 1,250,000 ordinary shares as part of the consideration for acquiring the True American Tungsten Project, expanding its exposure to critical minerals through a strategic project acquisition. The company has lodged a Section 708A notice confirming that these shares were issued without a disclosure document but may be freely on-sold under the Corporations Act exemption, and it states it is compliant with its continuous disclosure and financial reporting obligations, providing reassurance to investors about regulatory adherence around the new share issuance.

The most recent analyst rating on (AU:T92) stock is a Hold with a A$0.07 price target. To see the full list of analyst forecasts on Terra Uranium Limited stock, see the AU:T92 Stock Forecast page.

Terra Critical Minerals Seeks Quotation of 1.25 Million New Shares on ASX
Jan 23, 2026

Terra Critical Minerals Limited has applied for quotation on the ASX of 1,250,000 new fully paid ordinary shares, issued on 22 January 2026, under its existing Appendix 3B framework. The additional securities will expand the company’s quoted share capital, potentially enhancing its access to capital markets and liquidity as it advances its activities in the critical minerals sector.

The most recent analyst rating on (AU:T92) stock is a Hold with a A$0.07 price target. To see the full list of analyst forecasts on Terra Uranium Limited stock, see the AU:T92 Stock Forecast page.

Terra Critical Minerals Tightens ATHA Deal as Uranium Market Strengthens
Jan 20, 2026

Terra Critical Minerals has revised its definitive option agreements with ATHA Energy Corp for the Pasfield Lake uranium project in Canada, increasing ATHA’s initial spending commitment to a minimum of C$2 million or two deep drill holes by the end of 2026 in exchange for a 30% interest, with staged options to earn up to a 60% stake through additional funding and drilling by 2028. As part of the amended arrangements, ATHA has waived Terra’s obligations on the Spire and Horizon properties, while Terra continues legal action over non-performance by the vendor of its Amer Lake project and advances its Canadian exploration programs in a strengthening uranium market supported by higher prices, supply disruptions from Kazakhstan, and rising demand from nuclear power expansion and data centre-related energy needs.

The most recent analyst rating on (AU:T92) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on Terra Uranium Limited stock, see the AU:T92 Stock Forecast page.

Terra Critical Minerals Closes Nevada Tungsten Acquisition Amid Price Surge
Jan 15, 2026

Terra Critical Minerals has completed the 100% acquisition of the True American Tungsten Project in central Nevada, consolidating its US presence through its T92 USA subsidiary and sharpening its strategic focus on North America. The project, located at the junction of the prolific Getchell and Battle Mountain mineral belts, hosts two historical adits from 1940s high‑grade tungsten production from scheelite skarns and tungsten-bearing veins, with historical sampling suggesting exceptional grades and minimal modern exploration. Against the backdrop of multi‑decade high tungsten prices driven by Chinese supply disruptions and rising demand from defence, aerospace and data‑centre applications, the deal is framed by Terra as a launchpad for a transformative 2026, giving the company exposure to potential US government support and further acquisition opportunities as it prepares a modern exploration program starting early this year.

The most recent analyst rating on (AU:T92) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on Terra Uranium Limited stock, see the AU:T92 Stock Forecast page.

Terra Critical Minerals Director Increases Indirect Holding via Options Entitlement
Jan 12, 2026

Terra Critical Minerals Limited has reported a change in the relevant interests of director Andrew Vigar, who holds his stake indirectly through Vigar Investments Pty Ltd, an entity he controls. Under an options entitlement offer, Vigar Investments acquired 794,256 listed options (T92OA) exercisable at $0.09 and expiring on 29 December 2030 at an issue price of $0.01, leaving his total holding at 2,120,640 ordinary shares and 794,256 options, a move that modestly increases his leveraged exposure to the company’s future share price performance.

The most recent analyst rating on (AU:T92) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on Terra Uranium Limited stock, see the AU:T92 Stock Forecast page.

Terra Critical Minerals Director Increases Indirect Shareholding via On-Market Purchase
Jan 7, 2026

Terra Critical Minerals Limited has disclosed a change in director Niv Dagan’s relevant interests, with an indirect on-market purchase of 263,124 fully paid ordinary shares in the company at $0.048 per share through 10 Bolivianos Pty Ltd between 31 December 2025 and 6 January 2026. Following this transaction, Dagan’s indirect holding via 10 Bolivianos Pty Ltd increased to 26,065,367 fully paid ordinary shares, while his existing unlisted option positions remained unchanged, a move that modestly strengthens insider ownership and may be interpreted by the market as a signal of confidence in the company’s prospects.

The most recent analyst rating on (AU:T92) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on Terra Uranium Limited stock, see the AU:T92 Stock Forecast page.

ASX Reinstates Trading in Terra Critical Minerals’ T92OA Securities
Jan 5, 2026

The Australian Securities Exchange has reinstated Terra Critical Minerals Limited’s T92OA security class to quotation, allowing trading in these securities to resume from the start of today’s session after the company satisfied the ASX’s Listing Rule 2.5 requirements. The reinstatement enhances the liquidity and market visibility of Terra Critical Minerals’ listed instruments, signaling regulatory compliance and potentially improving investor confidence and access to the company’s capital markets activities.

The most recent analyst rating on (AU:T92) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on Terra Uranium Limited stock, see the AU:T92 Stock Forecast page.

Terra Critical Minerals Reveals Highly Concentrated Register in Listed Options
Jan 5, 2026

Terra Critical Minerals Limited has released a holdings range report for its listed options (exercise price $0.09, expiring 29 December 2030), showing the distribution of ownership across 21,767,404 options on issue. The report indicates that while there are 93 option holders in total, a highly concentrated structure exists: 36 holders each owning more than 100,000 options collectively control about 89% of the issued options, signalling a tightly held register that may influence liquidity and market dynamics for this security.

The most recent analyst rating on (AU:T92) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on Terra Uranium Limited stock, see the AU:T92 Stock Forecast page.

Terra Critical Minerals Reveals Concentrated Ownership in 2030 Listed Options
Jan 5, 2026

Terra Critical Minerals Limited has released a top holders report for its listed options (exercise price $0.09, expiring 29 December 2030), detailing the concentration of ownership among its largest option holders. The report shows that the top 20 holders include a mix of private investment companies, nominee and custodial entities, and self-managed superannuation funds, with the largest individual positions of 2,000,000 options each held by Time Valuations Pty Ltd and Paul Merlo, representing 9.19% each. This disclosure highlights a relatively concentrated options register, with several investors and custodians holding meaningful stakes that could influence future liquidity, trading dynamics and potential capital inflows if the options are exercised.

The most recent analyst rating on (AU:T92) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on Terra Uranium Limited stock, see the AU:T92 Stock Forecast page.

Terra Critical Minerals Director Increases Stake Through Fee-Share Issue
Jan 4, 2026

Terra Critical Minerals Limited has disclosed a change in director Doug Engdahl’s holdings, with the director receiving 135,000 new fully paid ordinary shares, increasing his direct interest to 1,417,267 shares. The additional shares were issued at $0.08 per share as non-cash consideration for director fees previously approved by shareholders, modestly increasing board-aligned ownership and reinforcing the company’s practice of equity-based compensation to align management incentives with shareholder interests.

The most recent analyst rating on (AU:T92) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on Terra Uranium Limited stock, see the AU:T92 Stock Forecast page.

Terra Critical Minerals Seeks ASX Quotation for 21.8 Million New Options
Dec 30, 2025

Terra Critical Minerals Limited has applied to the ASX for quotation of 21,767,404 new options (ASX code: T92OA) issued under an options entitlement offer, with each option expiring on 29 December 2030 and expected to be quoted from 5 January 2026. The move increases the company’s listed securities base and provides an additional potential source of future capital, which may support its critical minerals exploration and development activities and could influence liquidity and investor participation in the stock.

Terra Critical Minerals Clears Secondary Trading for 540,000 New Shares
Dec 24, 2025

Terra Critical Minerals Limited has issued 540,000 new ordinary shares on 24 December 2025 and has lodged a formal notice confirming that these securities can be on-sold without a disclosure document under the specific exemptions of the Corporations Act 2001. The company states it is in compliance with its continuous disclosure and reporting obligations and confirms there is no excluded information that would need to be provided to investors, effectively clearing the way for secondary trading of the newly issued shares and signalling continued adherence to regulatory requirements.

Terra Critical Minerals Issues Shares to Directors in Lieu of Cash Fees
Dec 24, 2025

Terra Critical Minerals Limited has applied to the ASX for quotation of 540,000 new ordinary fully paid shares issued to directors in lieu of cash fees payable for the December 2025 quarter, following shareholder approval granted on 28 November 2025. The share-based remuneration underscores the company’s ongoing use of equity to conserve cash and align director incentives with shareholder interests, modestly increasing the number of quoted securities on issue.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Mar 24, 2026