Vital Metals Ltd (AU:VML)
ASX:VML
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Vital Metals Ltd
(Sydney:VML)
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Rating:43Neutral
Price Target:
AU$0.15
▼(-23.68% Downside)
Action:ReiteratedDate:03/22/26
The score is primarily weighed down by very weak financial performance (sharp revenue decline, extremely negative margins, negative ROE, and negative cash flow). Technicals also remain bearish with price below key moving averages and negative MACD, while valuation provides limited support because the company is loss-making and has no dividend yield data.
Positive Factors
Strategic rare-earth asset focus
Vital Metals’ core assets and development focus are on NdPr and the Nechalacho project, providing durable exposure to the rare-earth supply chain. Owning project-stage NdPr resources is a long-term strategic advantage if the company successfully advances permitting, development and offtake.
Negative Factors
Severe revenue decline
A near-80% revenue collapse is a structurally significant weakness that impairs the company’s ability to cover fixed costs and finance project advancement. Persistent revenue declines magnify funding needs, raise execution risk on development timelines, and limit ability to demonstrate scalable production economics.
Read all positive and negative factors
Positive Factors
Negative Factors
Strategic rare-earth asset focus
Vital Metals’ core assets and development focus are on NdPr and the Nechalacho project, providing durable exposure to the rare-earth supply chain. Owning project-stage NdPr resources is a long-term strategic advantage if the company successfully advances permitting, development and offtake.
Read all positive factors
Vital Metals Ltd (VML) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$36.56M
Dividend YieldN/A
Average Volume (3M)575.46K
Price to Earnings (P/E)―
Beta (1Y)0.58
Revenue Growth-99.74%
EPS Growth-22.67%
CountryAU
Employees13
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)N/A
Shares Outstanding247,879,650
10 Day Avg. Volume1,264,832
30 Day Avg. Volume575,458
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.21
Price to Sales (P/S)13.80
P/FCF Ratio-10.23
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Vital Metals Ltd Business Overview & Revenue Model
Company Description
Vital Metals Limited develops and explores for rare earths projects in Burkina Faso, Tanzania, Germany, and Canada. It holds a 100% interest in the Nechalacho Rare Earths Project located in Yellowknife, Northwest Territories. The company also owns...
How the Company Makes Money
VML’s intended primary source of revenue is the sale of rare-earth mineral products (typically rare-earth concentrate containing NdPr and other rare-earth oxides) produced from its mining projects. Under this model, the company generates cash flow...
Vital Metals Ltd Financial Statement Overview
Summary
Income Statement
20
Very Negative
Balance Sheet
40
Negative
Cash Flow
30
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 9.07K | 854.55K | 2.65M | 0.00 | 0.00 | 0.00 |
| Gross Profit | -527.16K | -943.84K | 823.43K | -1.67M | -759.99K | -206.26K |
| EBITDA | -2.37M | -2.38M | -3.38M | -5.24M | -3.97M | -4.53M |
| Net Income | -3.57M | -3.31M | 2.32M | -51.68M | -4.77M | -4.75M |
Balance Sheet | ||||||
| Total Assets | 69.07M | 59.40M | 60.52M | 62.83M | 69.02M | 65.77M |
| Cash, Cash Equivalents and Short-Term Investments | 10.56M | 328.69K | 3.53M | 3.62M | 5.16M | 34.91M |
| Total Debt | 1.98M | 1.78M | 829.87K | 7.04M | 967.55K | 164.00K |
| Total Liabilities | 4.59M | 3.48M | 2.44M | 10.48M | 8.35M | 2.79M |
| Stockholders Equity | 64.48M | 55.92M | 58.08M | 52.36M | 60.66M | 62.98M |
Cash Flow | ||||||
| Free Cash Flow | -2.05M | -1.15M | -4.46M | -49.79M | -29.77M | -16.12M |
| Operating Cash Flow | -2.05M | -1.15M | -573.28K | -6.96M | -4.75M | -2.20M |
| Investing Cash Flow | -1.48M | -2.08M | -4.05M | -42.82M | -26.12M | -14.17M |
| Financing Cash Flow | 13.12M | 835.93K | 4.82M | 48.25M | 1.08M | 49.52M |
Vital Metals Ltd Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
49 Neutral | AU$20.97M | -4.44 | -9.05% | ― | ― | 27.27% | |
46 Neutral | AU$37.05M | -4.34 | -19.53% | ― | ― | -8.74% | |
45 Neutral | AU$53.05M | -1.07 | -47.54% | ― | ― | 77.37% | |
43 Neutral | AU$36.56M | -2.58 | -5.94% | ― | -99.74% | -22.67% | |
41 Neutral | AU$14.09M | -6.14 | -13.47% | ― | ― | 33.33% | |
41 Neutral | AU$14.73M | -67.88 | -27.21% | ― | ― | 16.05% |
* Basic Materials Sector Average
AU:VML
Vital Metals Ltd
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158.33%
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Vital Metals Ltd Corporate Events
Vital Metals Updates ASX Filing on Proposed Securities Issue
Apr 20, 2026
Vital Metals Limited has lodged an updated notice with the ASX outlining a proposed issue of securities via a placement or other form of capital raising. The filing confirms the company is applying for quotation of the new securities once issued, ...
Vital Metals Issues 11.2 Million New Shares Under Disclosure Exemption
Apr 13, 2026
Vital Metals Limited has notified the Australian Securities Exchange that it has issued 11.2 million fully paid ordinary shares without a disclosure document, relying on provisions of the Corporations Act that permit such an issue.The company conf...
Vital Metals Seeks ASX Quotation for 11.2 Million New Shares
Apr 13, 2026
Vital Metals Ltd has applied for quotation of 11.2 million new ordinary fully paid shares on the Australian Securities Exchange, with an issue date of 13 April 2026. The additional securities, issued as part of previously announced transactions, w...
Vital Metals Plans Issue of 3.41 Million Options on ASX
Apr 2, 2026
Vital Metals Limited has notified the Australian Securities Exchange of a proposed issue of up to 3,410,000 options, designated as VMLAA, with varying exercise prices and expiry dates. The options are scheduled for issue on 6 July 2026 as part of ...
Vital Metals Overhauls Managing Director Remuneration as Nechalacho Project Advances
Apr 2, 2026
Vital Metals has revised the remuneration package for Managing Director Lisa Riley, aligning her pay review with the company’s AGM cycle and shifting her base salary to CAD$441,000 per annum in cash from July 2025. The new structure replaces...
Vital Metals strengthens governance as Nechalacho project advances to feasibility stage
Mar 26, 2026
Vital Metals has appointed existing non-executive director Alexius Chan as non-executive chair, while Lisa Riley continues as managing director and chief executive officer, formalising a separation of chair and CEO roles. The governance shift come...
Vital Metals Releases Interim Financial Report for Half-Year to 31 December 2025
Mar 12, 2026
Vital Metals Limited has released its interim financial report for the half-year ended 31 December 2025, providing shareholders with updated consolidated financial statements and accompanying notes. The report details the company’s profit or...
Vital Metals Uncovers Exceptional Rare Earth Grades at Nechalacho
Mar 8, 2026
Vital Metals has reported final overlimit assay results from regional grab sampling at its Nechalacho project in Canada, confirming exceptionally high rare earth grades, including a record 29.2% total rare earth oxides and the project’s high...
Vital Metals Uncovers Ultra-High-Grade Rare Earths at Nechalacho, Expands Drill Plans
Feb 22, 2026
Vital Metals has reported ultra-high-grade rare earth and niobium assay results from surface grab sampling at multiple new regional targets and central zones within its Nechalacho project, including samples with up to at least 168,035ppm total rar...
Vital Metals Secures Funding to Advance Nechalacho Rare Earths Project and Tardiff PFS
Jan 30, 2026
Vital Metals has strengthened its financial position by raising A$12.47 million in the second half of 2025, including A$9.47 million in the December quarter, to advance its Nechalacho Rare Earths and Niobium Project in Canada. The new funding full...
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.
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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.