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Chatham Rock Phosphate Limited (TSE:NZP)
:NZP

Chatham Rock Phosphate (NZP) AI Stock Analysis

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TSE:NZP

Chatham Rock Phosphate

(NZP)

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Neutral 48 (OpenAI - 5.2)
Rating:48Neutral
Price Target:
C$0.04
▲(0.00% Upside)
The score is held down primarily by very weak financial performance (no revenue, continued losses, and negative operating/free cash flow). Technicals are neutral-to-soft and valuation signals are limited by a negative P/E with no dividend support. Offsetting factors include a low-debt balance sheet and a set of positive corporate developments (asset sale/strategic stake and partnership discussions), though these are not yet reflected in profitability or cash generation.
Positive Factors
Strategic Funding
The successful private placement provides essential capital for strategic projects, enhancing operational capabilities and supporting long-term growth.
Project Expansion
Participation in major industry conferences signals strategic expansion and investor engagement, potentially boosting market position and future cash flows.
Asset Sale
The asset sale could streamline operations and provide cash inflows, improving financial stability and allowing focus on core projects.
Negative Factors
Negative Cash Flow
Persistent negative cash flow highlights ongoing operational inefficiencies, necessitating external funding and impacting long-term financial health.
Revenue Challenges
Zero revenue generation reflects significant market challenges, hindering profitability and growth prospects, requiring strategic realignment.
Dependence on External Funding
Heavy reliance on external funding underscores financial instability, limiting strategic flexibility and increasing vulnerability to market conditions.

Chatham Rock Phosphate (NZP) vs. iShares MSCI Canada ETF (EWC)

Chatham Rock Phosphate Business Overview & Revenue Model

Company DescriptionChatham Rock Phosphate Limited operates as a junior mineral development company. The company focuses on the development and exploitation of the Chatham Rise rock phosphate deposit, which comprises a mining permit covering an area of 820 square kilometers located to the east of Christchurch, New Zealand; and international phosphate projects. It also explores for phosphate on the French Polynesian island of Makatea. The company is based in Wellington, New Zealand.
How the Company Makes MoneyChatham Rock Phosphate Limited generates revenue through the extraction and sale of rock phosphate. The company targets agricultural sectors that require phosphate for fertilizer production, positioning its product as a sustainable and locally sourced alternative. Revenue is primarily derived from the sale of extracted phosphate to domestic and international markets. Additionally, Chatham Rock Phosphate may engage in partnerships with agricultural and fertilizer companies to secure long-term supply agreements, which can stabilize and enhance its revenue streams. The company's earnings are influenced by factors such as phosphate market prices, extraction costs, and regulatory approvals for mining operations.

Chatham Rock Phosphate Financial Statement Overview

Summary
Chatham Rock Phosphate Limited faces significant financial challenges, with persistent negative revenue growth and ongoing losses. Although the balance sheet shows minimal debt, the company struggles with cash flow management, relying heavily on external financing to cover operational deficits. Strategic changes may be necessary to improve financial health and operational efficiency.
Income Statement
The company has consistently reported zero revenue over the TTM period, reflecting significant challenges in generating sales. Gross profit margin is negative due to expenses exceeding any form of revenue, and net income is deeply negative, indicating ongoing operational losses. EBIT and EBITDA margins are also negative, further pointing to inefficiencies and cost management issues.
Balance Sheet
The balance sheet reveals a relatively low level of debt, resulting in a favorable debt-to-equity ratio. However, stockholders' equity has decreased over time, indicating potential erosion of shareholder value. The equity ratio remains high, demonstrating reliance on equity financing, but the overall asset base has been shrinking.
Cash Flow
Operating cash flow is negative, indicating cash burn from operations. Free cash flow is also negative, reflecting the company's inability to generate surplus cash after capital expenditures. Financing activities have been the main source of cash, suggesting dependency on external funding to sustain operations in the absence of positive operating cash flows.
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue0.000.000.00412.005.33K5.20K
Gross Profit-30.71K-33.92K-37.52K-3.65K2.16K5.20K
EBITDA-1.01M-1.22M-1.44M-1.52M-1.03M-569.50K
Net Income-971.25K-1.18M-1.47M-1.77M-1.03M-572.94K
Balance Sheet
Total Assets6.94M6.88M6.96M7.85M8.13M5.22M
Cash, Cash Equivalents and Short-Term Investments23.97K35.21K110.17K820.38K1.37M378.87K
Total Debt21.49K29.41K57.73K87.05K0.000.00
Total Liabilities528.59K400.13K408.34K578.82K1.05M85.41K
Stockholders Equity6.41M6.48M6.55M7.27M7.08M5.14M
Cash Flow
Free Cash Flow-930.53K-1.27M-1.67M-1.59M-888.38K-840.37K
Operating Cash Flow-804.05K-1.14M-1.52M-1.50M-802.87K-767.55K
Investing Cash Flow-109.41K-109.41K-155.29K-94.05K-164.50K-72.83K
Financing Cash Flow768.41K1.18M1.02M1.11M2.01M1.17M

Chatham Rock Phosphate Technical Analysis

Technical Analysis Sentiment
Negative
Last Price0.04
Price Trends
50DMA
0.04
Negative
100DMA
0.04
Negative
200DMA
0.05
Negative
Market Momentum
MACD
>-0.01
Negative
RSI
42.29
Neutral
STOCH
>-0.01
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:NZP, the sentiment is Negative. The current price of 0.04 is above the 20-day moving average (MA) of 0.04, below the 50-day MA of 0.04, and below the 200-day MA of 0.05, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 42.29 is Neutral, neither overbought nor oversold. The STOCH value of >-0.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:NZP.

Chatham Rock Phosphate Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
61
Neutral
$10.43B7.12-0.05%2.87%2.86%-36.73%
48
Neutral
C$4.49M-5.88-11.26%46.46%
46
Neutral
C$6.20M-1.04-90.84%-252.46%
44
Neutral
C$4.17M-1.27-9999.00%-17.96%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
TSE:NZP
Chatham Rock Phosphate
0.04
-0.04
-50.00%
TSE:GQ
Great Quest Fertilizer
0.03
0.00
0.00%
TSE:GCOM
Green Shift Commodities
0.05
0.01
31.58%
TSE:EPO.H
Encanto Potash
0.06
0.03
81.82%

Chatham Rock Phosphate Corporate Events

Private Placements and Financing
Chatham Rock Phosphate Raises CAD $158,150 in Non-Brokered Placement
Positive
Dec 23, 2025

Chatham Rock Phosphate Limited has closed a previously announced non-brokered private placement, issuing 3,162,995 units at CAD $0.05 per unit for gross proceeds of CAD $158,150. Each unit comprises one common share and one transferable share purchase warrant exercisable at CAD $0.12 for 12 months, with an acceleration clause if the stock trades above CAD $0.20 for 20 consecutive days, and all underlying securities are subject to a hold period until April 24, 2026. The financing, which remains subject to final TSX Venture Exchange approval and carried no finder’s fees, will be used for general working capital, and included participation by company insiders treated as a related-party transaction under Canadian securities rules, though exempt from formal valuation and minority approval requirements because it did not exceed 25% of Chatham Rock’s market capitalization.

The most recent analyst rating on (TSE:NZP) stock is a Buy with a C$0.34 price target. To see the full list of analyst forecasts on Chatham Rock Phosphate stock, see the TSE:NZP Stock Forecast page.

Business Operations and StrategyM&A Transactions
Chatham Rock Phosphate Sells Avenir Makatea and Secures Stake in New Australian DCP/MCP Plant
Positive
Dec 23, 2025

Chatham Rock Phosphate has agreed to sell its wholly owned Australian subsidiary Avenir Makatea Pty Ltd to Austure Industries for AU$1.4 million, comprising AU$900,000 in staged cash payments over two years and a 20% stake in a new Austure subsidiary, Austure Phosphate AU Pty Ltd, which will build a DCP/MCP manufacturing plant in Cloncurry. The deal integrates Chatham’s Korella North rock phosphate as feedstock for an innovative, low-capex, modular plant that uses electricity rather than sulphuric acid to produce phosphoric acid, enabling domestic manufacture of feed phosphates in a market currently reliant on imports and facing high prices and supply constraints, particularly from China. The green process can use low-grade tailings from Korella North and produces a usable silica by-product, which, combined with proximity to northern Australian cattle markets, is expected to lower costs versus imports and bolster Australia’s sovereign capability in critical livestock nutrition inputs, while giving Chatham an ongoing strategic interest via its equity stake and board representation in the new venture.

The most recent analyst rating on (TSE:NZP) stock is a Buy with a C$0.34 price target. To see the full list of analyst forecasts on Chatham Rock Phosphate stock, see the TSE:NZP Stock Forecast page.

Business Operations and StrategyExecutive/Board Changes
Chatham Rock Phosphate Grants Stock Options to Directors
Neutral
Nov 24, 2025

Chatham Rock Phosphate Limited has announced the granting of stock options to its directors, allowing them to purchase a total of 8,750,000 common shares at a price of CAD$0.054 per share. This move is part of the company’s Stock Option Plan and is expected to align the interests of the directors with those of the shareholders, potentially impacting the company’s governance and market perception.

The most recent analyst rating on (TSE:NZP) stock is a Buy with a C$0.34 price target. To see the full list of analyst forecasts on Chatham Rock Phosphate stock, see the TSE:NZP Stock Forecast page.

Business Operations and StrategyPrivate Placements and Financing
Chatham Rock Phosphate Advances Potential Stake Sale in Chatham Rise Project
Positive
Nov 17, 2025

Chatham Rock Phosphate Limited has entered into a non-binding term sheet with an interested party to potentially acquire up to a 75% stake in the Chatham Rise Phosphate project through an earn-in program. This development marks a significant step for the company, as it aims to secure the necessary capital and partnerships to advance the project, potentially transforming its operational and financial landscape.

The most recent analyst rating on (TSE:NZP) stock is a Buy with a C$0.34 price target. To see the full list of analyst forecasts on Chatham Rock Phosphate stock, see the TSE:NZP Stock Forecast page.

Business Operations and StrategyShareholder Meetings
Chatham Rock Phosphate Concludes 2025 AGM with Key Approvals
Positive
Nov 13, 2025

Chatham Rock Phosphate Limited successfully concluded its 2025 Annual General and Special Meeting of Shareholders, with all management-recommended matters ratified. Key outcomes included the re-election of the board of directors, the re-appointment of Grant Thornton as auditors, and the approval of an amended Stock Option Plan, indicating strong shareholder support and strategic continuity.

The most recent analyst rating on (TSE:NZP) stock is a Buy with a C$0.34 price target. To see the full list of analyst forecasts on Chatham Rock Phosphate stock, see the TSE:NZP Stock Forecast page.

Business Operations and StrategyM&A Transactions
Chatham Rock Phosphate to Sell Subsidiary and Invest in Innovative Phosphate Plant
Positive
Nov 12, 2025

Chatham Rock Phosphate Limited has entered into a non-binding agreement to sell its subsidiary, Avenir Makatea Pty Ltd, to Austure Pty Ltd for AU$ 1.4 million. This deal includes a cash payment and a 20% stake in a new DCP/MCP manufacturing plant in Cloncurry, Australia. The plant will utilize Austure’s innovative technology to produce Dicalcium and Monocalcium phosphate, essential for cattle nutrition in Northern Australia. This development addresses previous challenges faced by Chatham in establishing a viable plant, such as scale and reliance on sulfuric acid, by using a novel green process that reduces costs and environmental impact. The agreement is expected to enhance Chatham’s market position by providing a local supply of phosphate products, potentially undercutting imported competitors.

The most recent analyst rating on (TSE:NZP) stock is a Buy with a C$0.34 price target. To see the full list of analyst forecasts on Chatham Rock Phosphate stock, see the TSE:NZP Stock Forecast page.

Business Operations and Strategy
Chatham Rock Phosphate Advances RailPhos Project with Feasibility Study Progress
Positive
Oct 30, 2025

Chatham Rock Phosphate Limited is advancing its RailPhos project, which aims to connect the Korella North Mine to the Port of Karumba via a new railway line. The feasibility study for this project, led by Executive Director Colin Randall, has made significant progress, including engaging with landholders and inspecting existing rail infrastructure. The project is expected to enhance the company’s operational capabilities and strengthen its position in the phosphate industry.

The most recent analyst rating on (TSE:NZP) stock is a Buy with a C$0.34 price target. To see the full list of analyst forecasts on Chatham Rock Phosphate stock, see the TSE:NZP Stock Forecast page.

Private Placements and Financing
Chatham Rock Phosphate Announces Private Placement to Raise CAD 500,000
Positive
Oct 28, 2025

Chatham Rock Phosphate Limited has announced a non-brokered private placement to raise up to CAD 500,000 through the issuance of 10,000,000 units at CAD 0.05 per unit. Each unit includes a common share and a warrant, with the funds intended for general working capital. The private placement is subject to TSX Venture Exchange approval and is expected to close by December 5, 2025. This move could enhance the company’s financial flexibility and support its operational needs.

The most recent analyst rating on (TSE:NZP) stock is a Buy with a C$0.34 price target. To see the full list of analyst forecasts on Chatham Rock Phosphate stock, see the TSE:NZP Stock Forecast page.

Business Operations and StrategyPrivate Placements and Financing
Chatham Rock Phosphate Pursues Financing for Chatham Rise Project
Neutral
Oct 24, 2025

Chatham Rock Phosphate Limited is actively pursuing financing options to advance its Chatham Rise project, with the potential for a partner to earn a significant ownership stake through capital contributions. The company is in exclusive negotiations with a credible marine mining investor, while also exploring short-term financial solutions to maintain operations and shareholder value amidst regulatory considerations.

The most recent analyst rating on (TSE:NZP) stock is a Buy with a C$0.34 price target. To see the full list of analyst forecasts on Chatham Rock Phosphate stock, see the TSE:NZP Stock Forecast page.

Business Operations and StrategyProduct-Related Announcements
Chatham Rock Phosphate to Supply Innovative DCP/MCP Plant in Australia
Positive
Oct 22, 2025

Chatham Rock Phosphate Limited has announced plans to supply rock phosphate to a new manufacturing plant in Cloncurry, Australia, which will produce Dicalcium Phosphate (DCP) and Monocalcium Phosphate (MCP) using a novel green technology. This development addresses previous challenges related to scale and sulfuric acid dependency, offering a scalable and economically viable solution that could out-price imported competitors, benefiting local cattle farmers and potentially enhancing the company’s market position.

The most recent analyst rating on (TSE:NZP) stock is a Buy with a C$0.34 price target. To see the full list of analyst forecasts on Chatham Rock Phosphate stock, see the TSE:NZP Stock Forecast page.

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: Dec 30, 2025