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Torque Metals Ltd.
(Sydney:TOR)
Torque Metals Ltd. (TOR) vs. iShares MSCI Australia ETF (EWA)
Torque Metals Ltd. Business Overview & Revenue Model
Torque Metals Ltd. Financial Statement Overview
| Breakdown | TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 197.53K | 196.57K | 100.00K | 0.00 | 50.00K | 0.00 |
| Gross Profit | 137.50K | 196.57K | 58.68K | -24.93K | 50.00K | 0.00 |
| EBITDA | -3.84M | -4.58M | -2.05M | -2.13M | -1.81M | -119.54K |
| Net Income | -4.58M | -4.68M | -2.09M | -2.15M | -1.82M | -221.73K |
Balance Sheet | ||||||
| Total Assets | 25.34M | 22.78M | 11.71M | 10.29M | 8.82M | 993.00K |
| Cash, Cash Equivalents and Short-Term Investments | 1.31M | 2.26M | 2.09M | 3.44M | 5.08M | 2.06K |
| Total Debt | 550.49K | 19.06K | 40.94K | 61.05K | 0.00 | 118.09K |
| Total Liabilities | 2.74M | 2.67M | 981.02K | 363.93K | 769.92K | 283.77K |
| Stockholders Equity | 22.60M | 20.11M | 10.73M | 9.92M | 8.05M | 709.23K |
Cash Flow | ||||||
| Free Cash Flow | -8.61M | -7.90M | -3.93M | -4.57M | -1.44M | -462.61K |
| Operating Cash Flow | -1.88M | -1.97M | -270.81K | -1.22M | -13.91K | -153.85K |
| Investing Cash Flow | -6.48M | -5.93M | -3.41M | -3.34M | -1.43M | -308.76K |
| Financing Cash Flow | 6.85M | 8.08M | 2.33M | 2.92M | 6.51M | 440.56K |
Torque Metals Ltd. Technical Analysis
Torque Metals Ltd. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | $2.90B | 8.19 | 26.42% | 3.61% | 54.37% | 310.22% | |
76 Outperform | AU$4.91B | 38.20 | 13.01% | ― | 125.45% | ― | |
75 Outperform | $26.17B | 22.19 | 11.01% | 2.73% | 25.11% | 28.88% | |
66 Neutral | €250.27M | 20.15 | 5.19% | 6.46% | 31.71% | 78.64% | |
64 Neutral | $3.32B | ― | -0.38% | ― | 29.83% | 93.23% | |
57 Neutral | AU$81.62M | ― | -25.16% | ― | -100.00% | 14.52% | |
43 Neutral | AU$1.38B | -6.10 | -40.62% | 4.17% | -4.78% | -43.21% |
Torque Metals Ltd. Corporate Events
Torque Metals Ltd. announced the cessation of 11,637,500 securities due to the expiry of options or other convertible securities without exercise or conversion as of June 19, 2025. This development may impact the company’s capital structure and could influence investor perceptions regarding the company’s future financial strategies and market positioning.
Torque Metals Limited, listed on the ASX, has successfully raised $928,500 through the issuance of 7,737,500 fully paid ordinary shares. These shares were issued upon the exercise of unlisted share options, and the company has complied with relevant provisions of the Corporations Act 2001, indicating a strong adherence to regulatory requirements.
Torque Metals Ltd. has announced the quotation of 7,737,500 ordinary fully paid securities on the ASX, effective June 19, 2025. This move is part of the company’s strategy to leverage options exercised or convertible securities converted, potentially impacting its market positioning by increasing liquidity and shareholder engagement.
Torque Metals Ltd. has announced the expiration of 19,375,000 unlisted options with an exercise price of $0.12, set to expire on June 19, 2025. This expiration could impact the company’s financial strategy and shareholder interests, as it may influence the company’s capital structure and future funding opportunities.
Torque Metals Ltd. has announced that Kingslane Pty Ltd has become a substantial holder in the company, acquiring a 6.14% voting power through the acquisition of 31,871,675 ordinary shares. This development signifies a strategic investment by Kingslane Pty Ltd, potentially impacting Torque Metals’ market positioning and shareholder dynamics.
Tolga Kumova has become a substantial holder in Torque Metals Ltd., acquiring a 7.10% voting power through various entities. This acquisition, involving a significant number of shares, indicates a strategic investment move that could influence the company’s future operations and stakeholder interests.
Torque Metals Ltd. announced the resignation of Non-Executive Director Antony Lofthouse following the implementation of a Scheme of Arrangement with Aston Minerals Limited. The company expressed gratitude for Lofthouse’s contributions, highlighting his role in their progress from ASX listing to the merger with Aston, indicating his impact on the company’s strategic advancements.
Torque Metals Limited has announced the appointment of Tolga Kumova as a director, effective from June 10, 2025. Kumova holds significant interests in the company through various entities, including over 3 million fully paid ordinary shares directly and additional shares and options through companies like Sisu International Pty Ltd, Kitara Investments Pty Ltd, Bilgi Investments Pty Ltd, and Gondwana Investment Group Pty Ltd. This appointment and the director’s substantial holdings may influence the company’s strategic direction and investor confidence.
Torque Metals Limited announced the cessation of Antony L. Lofthouse as a director effective June 10, 2025. This change in the board of directors may impact the company’s strategic direction and influence stakeholder confidence, as Lofthouse held significant interests in the company through various shareholdings and options.
Torque Metals Limited has announced a change in the director’s interest, specifically involving Evan Cranston. The change includes the acquisition of 4,363,045 fully paid ordinary shares, with no disposals reported. This adjustment in holdings is part of a consideration for the transfer of shares and options in Aston, indicating strategic financial maneuvers that could impact the company’s market positioning and stakeholder interests.
Torque Metals Ltd. has successfully implemented a merger with Aston Minerals Limited through schemes of arrangement, acquiring all fully paid ordinary shares and unlisted options of Aston. This strategic move will result in the delisting of Aston from the Australian Securities Exchange and a restructuring of the board, positioning Torque Metals to strengthen its market presence and operational capabilities.
Torque Metals Limited, listed on the ASX under the ticker TOR, has issued 90,236 fully paid ordinary shares as part of its merger with Aston Minerals Limited. This issuance, which was conducted without a disclosure to investors under specific provisions of the Corporations Act 2001, signifies a strategic move in the merger process, potentially impacting Torque’s market positioning and stakeholder interests.
Torque Metals Ltd. has announced the issuance of 30,000,000 unquoted securities, specifically options expiring on January 31, 2030, with an exercise price of $0.15. This issuance is part of a previously announced transaction, indicating the company’s strategic move to enhance its financial flexibility and potentially fund future exploration and development projects.
Torque Metals Ltd. has announced the quotation of 249,175,721 ordinary fully paid deferred securities on the ASX, as part of a transaction previously disclosed to the market. This move is expected to enhance the company’s liquidity and market presence, potentially impacting its operational capabilities and stakeholder interests positively.
Torque Metals Limited announced the cessation of Andrew Alexander Woskett as a director effective June 4, 2025. The announcement detailed Woskett’s interests in the company’s securities, including 363,334 fully paid ordinary shares and additional interests held by his spouse. This change in directorship may impact the company’s governance and strategic direction, potentially influencing investor confidence and stakeholder relations.
Torque Metals Ltd. has announced a change in its board with the resignation of Mr. Andrew Woskett and the appointment of Mr. Evan Cranston as the new Non-Executive Chairman. Mr. Cranston’s extensive experience in company strategy and capital markets is expected to support Torque’s strategic focus on expanding its gold inventory and advancing the Paris Gold Project. The company is also in the final stages of completing a merger with Aston, highlighting the successful leadership of Mr. Woskett.
Torque Metals Ltd. held an Extraordinary General Meeting on June 4, 2025, where several resolutions were put to vote. The meeting resulted in the ratification of prior issues of shares and options under a placement, with most resolutions carried, except for the approval to issue options to Andrew Woskett, which was not carried. This outcome reflects the company’s ongoing efforts to manage its capital structure and incentivize key stakeholders, which may influence its strategic direction and market perception.
Torque Metals Limited, a company listed on the ASX, is set to acquire Aston Minerals Limited through schemes of arrangement, which have been approved by the Supreme Court of Western Australia. This merger will result in Torque acquiring all fully paid ordinary shares and unlisted options of Aston, with Aston’s securities expected to be suspended from trading. The implementation of the schemes is scheduled for June 10, 2025, with shareholders and option holders receiving Torque shares in exchange for their Aston holdings.
Torque Metals Limited and Aston Minerals Limited have received court approval for their proposed merger through schemes of arrangement. This merger will see Torque acquiring all shares and certain options of Aston, with the process becoming effective upon filing with the Australian Securities and Investments Commission. The merger is expected to impact trading activities, with Aston’s securities being suspended and eventually delisted from the ASX, marking a significant shift in the company’s market presence.
Torque Metals Ltd. has announced a proposed issue of up to 249,177,122 ordinary fully paid securities, scheduled for issuance on June 10, 2025. This move is aimed at raising capital to support the company’s operations and growth initiatives, potentially impacting its market positioning by increasing its financial resources and investment capacity.
Torque Metals Ltd. has announced a proposed issue of 45 million securities, set to expire on January 31, 2030, with an exercise price of $0.15. This strategic move is aimed at raising capital to support the company’s ongoing exploration and development projects, potentially strengthening its market position and offering growth opportunities for stakeholders.
Torque Metals Limited, in collaboration with Aston Minerals Limited, has announced the approval of merger schemes by Aston’s securityholders. The merger involves Torque Metals acquiring all fully paid ordinary shares and unlisted options of Aston Minerals. This approval marks a significant step towards finalizing the merger, which is expected to strengthen Torque Metals’ market position and operational capabilities. The schemes received overwhelming support from Aston’s shareholders and optionholders, meeting all necessary voting thresholds, and are now subject to customary conditions before completion.
Torque Metals Limited, in collaboration with Aston Minerals Limited, is progressing with a proposed merger through schemes of arrangement, which will see Torque Metals acquiring all shares and options of Aston Minerals. The Supreme Court of Western Australia has ordered meetings for Aston securityholders to vote on the merger, with a court hearing scheduled for May 28, 2025, to approve the schemes, pending satisfaction of certain conditions.
Torque Metals Ltd. has secured a $144,500 co-funded grant from the Western Australian Government’s Exploration Incentive Scheme to support diamond drilling at its Paris Gold Project. This funding will enable Torque to explore down-plunge extensions of the high-grade gold system, potentially enhancing its resource estimates and strengthening its position in the gold mining sector.
Torque Metals Ltd. has released a corporate presentation highlighting its operations in the West Australian Goldfields. The presentation emphasizes the company’s focus on pure gold extraction, though it does not include new exploration results or financial offers. The document is primarily informational and includes cautionary statements about forward-looking information, underscoring the inherent risks and uncertainties in the mining sector.
Torque Metals Ltd. has announced an Extraordinary General Meeting for shareholders, scheduled for June 4, 2025, in Perth, WA. The company is encouraging shareholders to access meeting materials electronically to reduce administrative costs and is providing options for those who prefer hard copies. This move reflects a broader trend towards digital communication in corporate governance, potentially enhancing operational efficiency and shareholder engagement.
Torque Metals Limited has announced the successful identification of multiple Down Hole Electromagnetic (DHEM) conductors at its Paris Gold Project, indicating potential extensions of gold-associated sulphide mineralisation. This discovery suggests significant resource growth potential beyond the current Mineral Resource Estimate (MRE), with the DHEM technique proving effective in tracking mineralised structures. The company plans to conduct further drilling to explore these extensions, aiming to unlock the full potential of the largely unexplored geological system, which could enhance its industry positioning and offer substantial upside for stakeholders.
Torque Metals Ltd. has identified two new parallel gold lodes at its Paris Gold Project, indicating potential for resource growth beyond the current mineral resource estimate. The company is also pursuing a merger with Aston Minerals, which has received initial court approval and is expected to enhance Torque’s portfolio. Additionally, there have been changes in the board, with Mr. Evan Cranston joining as a non-executive director.
Torque Metals Limited, listed on the ASX, has announced the dispatch of a Scheme Booklet related to its proposed merger with Aston Minerals Limited. The merger involves Torque Metals acquiring all ordinary shares and unlisted options of Aston Minerals, subject to various conditions. The Scheme Booklet, which includes detailed information about the merger and voting instructions, has been sent to Aston Minerals securityholders. The Scheme Meetings to vote on the merger will be held on May 22, 2025, in Perth, Western Australia. This merger is a significant step for Torque Metals as it seeks to expand its market presence.
Torque Metals Ltd. and Aston Minerals Ltd. have announced the registration of a Scheme Booklet with the Australian Securities and Investments Commission (ASIC), which is a significant step in their proposed merger. The merger, conducted through schemes of arrangement, involves Torque Metals acquiring all shares and unlisted options of Aston Minerals. The Supreme Court of Western Australia has approved the dispatch of the Scheme Booklet and the convening of meetings for shareholders to vote on the merger. The directors of Aston Minerals recommend shareholders vote in favor, provided no superior proposal emerges.
Torque Metals Limited, in collaboration with Aston Minerals Limited, has announced the Supreme Court of Western Australia’s approval to convene meetings for a proposed merger. The merger, structured as schemes of arrangement, will see Torque Metals acquiring all shares and options of Aston Minerals, pending shareholder approval. The meetings are set for May 22, 2025, with the merger expected to enhance the companies’ market positioning and operational capabilities.
Torque Metals Limited announced the release of 5,000,000 ordinary fully paid shares from voluntary escrow on April 10, 2025. This release follows the company’s exercise of its option to acquire tenements in the West Australian Goldfields, potentially impacting its operational capacity and market positioning.
Torque Metals Ltd. has commenced downhole electromagnetic surveys at its Paris Gold Project in the West Australian Goldfields, aiming to identify extensions of mineralisation and improve drilling efficiency. The company has engaged Southern Geoscience Consultants to handle the survey data, leveraging their expertise in similar projects. Recent petrophysical studies have confirmed the association of gold with conductive sulphides, supporting the use of DHEM as an effective exploration tool. The results are expected to guide future drilling efforts, potentially enhancing resource growth and exploration success at the Paris site.