Vanadium Resources Ltd. (VR8) AI Stock Analysis

• Market Cap: AU$17.49M
• Dividend Yield: N/A
• Average Volume (3M): 1.84M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.24
• Revenue Growth: N/A
• EPS Growth: -25.00%
• Country: US
• 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 ▲(50.00% Upside)

The score is held down primarily by weak financial performance—ongoing losses and sustained cash burn—despite a low-debt balance sheet. Technicals provide some near-term support from positive momentum, but overbought signals raise pullback risk, and valuation is pressured by loss-making fundamentals and no dividend support.

Positive Factors

Low leverage / strong balance sheet

A very low debt burden and a sizeable equity base give the company durable financial flexibility to fund exploration and early development work without immediate solvency pressure. This reduces bankruptcy risk and preserves optionality to raise structured project financing on better terms.

Strategic vanadium project exposure

Owning a dedicated vanadium deposit positions the company to benefit from long-term structural demand for vanadium in steel alloys and battery technologies (including flow batteries). If developed commercially, the asset aligns with durable industry trends toward electrification and specialty metal demand.

Improving cash burn trend

An improvement in cash burn, while still negative, indicates progress in managing operating outflows and project spend. Sustained reductions in burn rate extend the company’s runway, lowering near-term dilution risk and giving management more time to advance project permitting and de‑risking milestones.

Negative Factors

Persistent operating losses

Continued multi-year losses erode equity and impede the firm’s ability to self-fund development. Ongoing negative profitability signals execution and commercialization risk; absent a clear path to positive margins, the company will remain dependent on external capital, increasing strategic vulnerability.

Consistent negative cash generation

Repeated negative operating and free cash flow creates a structural need for outside financing to sustain operations and advance the project. That dependency raises dilution and timing risks for development, and can delay capital-intensive milestones if markets tighten or funding terms worsen.

Minimal revenue; unproven commercial base

Tiny, single-period revenue leaves the business without a proven, recurring commercial revenue stream. For a development-stage miner, this magnifies execution risk: lengthy permitting, construction and commodity cycles mean revenue and cash generation remain uncertain for an extended period.

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

Financials are constrained by persistent operating losses and very limited revenue history, alongside continued negative operating and 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 raise dilution/capital erosion risk if not reversed.

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	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	0.00	55.92K	0.00	0.00	0.00	0.00
Gross Profit	-12.84K	55.92K	-11.94K	-3.86K	-849.00	-849.00
EBITDA	-1.40M	-1.76M	-2.00M	-2.26M	-1.36M	-292.97K
Net Income	-1.40M	-2.54M	-1.96M	-2.23M	-1.63M	-583.27K
Balance Sheet
Total Assets	29.62M	29.62M	30.23M	31.41M	27.73M	23.28M
Cash, Cash Equivalents and Short-Term Investments	160.17K	160.17K	1.92M	6.10M	2.92M	1.80M
Total Debt	931.45K	172.35K	165.56K	558.35K	621.37K	0.00
Total Liabilities	1.46M	1.46M	704.05K	915.19K	1.29M	71.17K
Stockholders Equity	28.43M	28.43M	29.83M	31.01M	26.90M	23.21M
Cash Flow
Free Cash Flow	-828.30K	-2.36M	-3.79M	-2.74M	-3.60M	-393.26K
Operating Cash Flow	-826.96K	-1.26M	-1.59M	-1.43M	-1.05M	-375.06K
Investing Cash Flow	233.47K	-1.10M	-2.20M	-1.31M	-2.94M	-71.18K
Financing Cash Flow	605.00K	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: Negative
• STOCH: Neutral

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 0.02, 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 76.04 is Negative, neither overbought nor oversold. The STOCH value of 46.67 is Neutral, 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$17.33M	-2.92	-42.91%	―	―	-4.35%
VR8	48 Neutral	AU$17.49M	-6.22	-8.74%	―	―	-25.00%
REE	47 Neutral	AU$31.60M	-7.21	-84.97%	―	-100.00%	8.51%
OLY	46 Neutral	AU$8.91M	-1.52	-217.79%	―	―	43.46%
VML	41 Neutral	AU$42.60M	-6.05	-5.81%	―	-67.81%	-244.10%

Vanadium Resources Ltd. Corporate Events

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.

Vanadium Resources Advances Near-Term Production Strategy

Vanadium Resources Limited announced significant advancements in its near-term cash flow strategy during the September 2025 quarter, focusing on the production of vanadium-rich magnetite DSO from its Steelpoortdrift Vanadium Project. Key developments included strategic appointments to drive production, an oversubscribed equity placement to strengthen its balance sheet, and the exploration of both DSO and pre-concentrate/concentrate production pathways. The company received multiple competing proposals for DSO and is prioritizing a pre-concentrate/concentrate pathway due to its potential for greater operating margins. These efforts are part of a broader strategy to minimize shareholder dilution and position the company for future growth in the vanadium market.

Vanadium Resources Schedules 2025 Annual General Meeting

Vanadium Resources Limited has announced its Annual General Meeting (AGM) scheduled for 27 November 2025, in West Perth, Australia. The company emphasizes the importance of the Notice of Meeting (NOM), which is available online, and encourages shareholders to participate in the voting process, especially those unable to attend in person. This meeting is crucial for stakeholders as it involves decision-making on company resolutions, impacting the company’s strategic direction and governance.