Vanadium Resources Ltd. (VR8) AI Stock Analysis

• Market Cap: AU$16.24M
• Dividend Yield: N/A
• Average Volume (3M): 1.84M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.44
• Revenue Growth: N/A
• EPS Growth: -25.00%
• Country: AU
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): >-0.01
• Shares Outstanding: 624,716,700
• 10 Day Avg. Volume: 2,686,381
• 30 Day Avg. Volume: 1,844,811
• PEG Ratio: -0.18
• Price to Book (P/B): 0.40
• Price to Sales (P/S): 202.26
• P/FCF Ratio: -4.79
• 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$0.03 ▲(45.00% Upside)
• Action: Reiterated Date: 02/14/26
• Date: Action: Reiterated 02/14/26

The score is held back primarily by weak financial performance (ongoing losses, negligible revenue, and persistent cash burn), partially offset by a strong low-debt balance sheet. Technicals are mildly supportive with modest positive momentum, while valuation remains unfavorable due to negative earnings and no dividend data.

Positive Factors

Low leverage / strong balance sheet

Very low leverage and a sizable equity base provide durable financial flexibility for a development-stage miner. Low debt reduces insolvency risk, improves ability to fund project milestones via equity, JV or off-take deals, and extends runway relative to highly geared peers.

Strategic vanadium asset exposure

Owning a development-stage vanadium deposit ties the company to structural demand drivers: steel alloying and emerging vanadium redox flow and battery markets. If vanadium demand from energy storage and industrial uses grows, the project has long-term strategic optionality for commercialization.

Improving cash burn trend and initial revenue

Reduced cash burn and first modest revenue indicate progress toward operational discipline and early commercialization steps. Improved cash outflows lengthen the development runway and reduce near-term funding urgency, which helps support continued project advancement if trends persist.

Negative Factors

Persistent losses and negligible revenue

The company remains loss-making with no stable revenue base, implying ongoing operating deficits that can erode equity and impede scaling. Without predictable sales or margin improvement, converting the development asset into profitable production remains uncertain over the medium term.

Consistent negative cash generation

Sustained negative operating and free cash flow necessitate external funding to continue development. Repeated capital raises dilute shareholders, increase execution scrutiny, and create conditionality on securing partners or markets, making long-term project realization funding-dependent.

Negative returns on equity; capital erosion risk

Ongoing negative ROE signals the company is destroying shareholder value over time unless operations turn profitable. For a development-stage resource company this raises the risk that equity capital is eroded before production, undermining ability to attract favorable financing or partners.

Vanadium Resources Ltd. Business Overview & Revenue Model

Company Description

Vanadium Resources Limited, engages in the exploration and development of mineral projects in Australia and South Africa. The company explores for vanadium, copper, zinc, and lead. It holds 100% interest in the Quartz Bore project that consists of an exploration license covering an area of approximately 15 square kilometers located in the West Pilbara province; and the Steelpoortdrift Vanadium project located in Limpopo Province, South Africa. The company was formerly known as Tando Resources Limited and changed its name to Vanadium Resources Limited in July 2019. Vanadium Resources Limited was incorporated in 2017 and is based in Victoria Park, Australia.

How the Company Makes Money

Vanadium Resources Ltd. generates revenue primarily through the exploration, development, and eventual production of vanadium from its mining projects. The company's revenue model is based on the extraction and sale of vanadium concentrate, which is used in the production of ferrovanadium and vanadium pentoxide, critical components in steel alloys and energy storage systems, respectively. Key revenue streams include long-term supply contracts with industrial clients and potential partnerships with steel manufacturers and battery technology companies. The company's earnings are influenced by factors such as the global demand for vanadium, market prices, and the efficiency of its mining operations.

Vanadium Resources Ltd. Financial Statement Overview

Summary

Financial fundamentals are weak: the company remains loss-making with negligible revenue and persistent negative operating/free cash flow. The balance sheet is a relative strength with very low leverage and a sizable equity base, but ongoing losses and cash burn create continued funding/dilution risk.

Income Statement

Operating performance remains weak, with losses in every year shown. While FY2025 shows modest revenue (A$55.9k) versus effectively zero in prior years, profitability is still deeply negative (FY2025 net margin ~-45,508% and negative operating earnings). Losses have improved versus FY2020, but the business has not yet demonstrated a stable revenue base or a clear path to profitability.

Balance Sheet

The balance sheet is a relative strength: leverage is very low (FY2025 debt-to-equity ~0.006), supported by a sizable equity base (FY2025 equity ~A$28.4m) and assets (~A$29.6m). However, persistent net losses translate into consistently negative returns on equity (roughly -2.5% to -13% across the period), which can erode capital over time if not reversed.

Cash Flow

Cash generation is consistently negative, with operating cash flow and free cash flow below zero every year (FY2025 operating cash flow ~-A$1.26m; free cash flow ~-A$2.36m). Cash burn improved from FY2024 levels, but free cash flow remains meaningfully negative, indicating continued reliance on funding to sustain operations and advance projects.

Breakdown	Jun 2025	Jun 2024	Jun 2023	Jun 2022	Jun 2021
Income Statement
Total Revenue	55.92K	0.00	0.00	0.00	0.00
Gross Profit	55.92K	-11.94K	-3.86K	-849.00	-849.00
EBITDA	-1.76M	-2.00M	-2.26M	-1.36M	-292.97K
Net Income	-2.54M	-1.96M	-2.23M	-1.63M	-583.27K
Balance Sheet
Total Assets	29.62M	30.23M	31.41M	27.73M	23.28M
Cash, Cash Equivalents and Short-Term Investments	160.17K	1.92M	6.10M	2.92M	1.80M
Total Debt	172.35K	165.56K	558.35K	621.37K	0.00
Total Liabilities	1.46M	704.05K	915.19K	1.29M	71.17K
Stockholders Equity	28.43M	29.83M	31.01M	26.90M	23.21M
Cash Flow
Free Cash Flow	-2.36M	-3.79M	-2.74M	-3.60M	-393.26K
Operating Cash Flow	-1.26M	-1.59M	-1.43M	-1.05M	-375.06K
Investing Cash Flow	-1.10M	-2.20M	-1.31M	-2.94M	-71.18K
Financing Cash Flow	605.00K	-389.79K	5.92M	5.10M	2.00M

Vanadium Resources Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.02
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:VR8, the sentiment is Positive. The current price of 0.02 is below the 20-day moving average (MA) of 0.03, below the 50-day MA of 0.02, and below the 200-day MA of 0.03, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 54.52 is Neutral, neither overbought nor oversold. The STOCH value of 86.67 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:VR8.

Vanadium Resources 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%
EVG	49 Neutral	AU$15.60M	-2.81	-42.91%	―	―	-4.35%
VR8	48 Neutral	AU$16.24M	-5.78	-8.74%	―	―	-25.00%
OLY	46 Neutral	AU$8.03M	-1.41	-217.79%	―	―	43.46%
REE	43 Neutral	AU$26.68M	-5.12	-84.97%	―	-100.00%	8.51%
VML	41 Neutral	AU$41.42M	-6.23	-5.81%	―	-67.81%	-244.10%

Vanadium Resources Ltd. Corporate Events

Vanadium Resources Pushes Steelpoortdrift Toward Production as Western Demand for Critical Vanadium Grows

In its December 2025 quarterly report, Vanadium Resources Limited outlined continued progress on a near-term cash flow strategy for the Steelpoortdrift Vanadium Project, emphasizing a development pathway focused on pre-concentrate and concentrate production, which the company considers superior to direct shipping ore due to stronger margins. The company advanced commercial and technical workstreams, including financial modelling refinements, strategic equity and offtake discussions, and evaluation of partnerships or acquisitions to secure access to regional, market-adjacent processing infrastructure. Engagement intensified with counterparties linked to U.S., EU and allied markets amid rising geopolitical focus on non-Chinese and non-Russian vanadium supply, while key permits for Steelpoortdrift—such as the mining right, environmental authorisation and water use licence—remain in place, and a new CEO, Nick Diack, has been appointed to steer the project toward potential production and long-term supply to downstream processors.

The most recent analyst rating on (AU:VR8) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Vanadium Resources Ltd. stock, see the AU:VR8 Stock Forecast page.

Vanadium Resources Says No Undisclosed News Behind Share Price Surge

Vanadium Resources Limited has responded to a price and volume query from the ASX following a sharp rise in its share price and trading volumes between 20 and 21 January 2026, stating that it is not aware of any undisclosed information that could explain the recent market activity. The company said it has no other explanation for the trading, confirmed it is in full compliance with ASX Listing Rules, particularly continuous disclosure obligations under Listing Rule 3.1, and advised that its responses were duly authorised under its disclosure policy, aiming to reassure investors and regulators about the integrity of its market disclosures.

The most recent analyst rating on (AU:VR8) stock is a Sell with a A$0.02 price target. To see the full list of analyst forecasts on Vanadium Resources Ltd. stock, see the AU:VR8 Stock Forecast page.

Vanadium Resources Ltd. Director Increases Stake with New Options

Vanadium Resources Ltd. has announced a change in the director’s interest, specifically regarding Mr. Michael Davy, who holds an indirect interest through Davy Corp Pty Ltd ATF Davy Investment. The change involves the acquisition of 1,749,975 unlisted options, with no securities disposed of, indicating a strategic move to strengthen his position within the company. This development could impact the company’s operations and market positioning by potentially increasing the director’s influence and aligning interests with the company’s long-term goals.

Vanadium Resources Ltd. Announces Director’s Interest Change

Vanadium Resources Ltd. announced a change in the director’s interest, with Mr. Jurie Hendrik Wessels acquiring 1,749,975 unlisted options through Danterne Pty Ltd, where he is a director and shareholder. This change reflects a strategic move within the company, potentially impacting its market dynamics and signaling confidence in its future operations.

Vanadium Resources Issues Unlisted Options to Bolster Financial Strategy

Vanadium Resources Ltd. announced the issuance of 3,499,950 unlisted options as part of previously disclosed transactions. These securities are not intended to be quoted on the ASX, indicating strategic financial maneuvers to potentially enhance liquidity or fund future operations, which may impact the company’s market positioning and stakeholder interests.

Vanadium Resources Secures Shareholder Approval for Key Resolutions

Vanadium Resources Limited announced that all resolutions proposed at its Annual General Meeting were successfully passed by poll, reflecting strong shareholder support. This outcome is likely to reinforce the company’s strategic initiatives and operational plans, potentially enhancing its market position and stakeholder confidence.