Sunrise Energy Metals Limited

SREMF

Industrial - Pollution & Treatment Controls · Industrials

Price

$12.00

+1.05 (+9.64%)

Market Cap

$1.88B

Exchange

Other OTC

Winston Score

Winston is worried

Weak fundamentals across most pillars.

Based on the IPO prospectus (annual filing). This score will refine automatically once the company reports its first quarters.

Data as of Aug 9, 2026 · filings through Dec 31, 2025

Share count rising — dilution

+10.7% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 81.8M (2021) → 90.6M (2025)

Sunrise Energy Metals is an Australian mining and development company focused on extracting critical minerals — mainly nickel, cobalt, and scandium — from its Sunrise Project in New South Wales, Australia. These metals are used in electric vehicle batteries and aerospace alloys, making the company's main customers potential battery manufacturers and industrial buyers. The Sunrise deposit is one of the largest known cobalt and scandium resources in the world.

The company does not yet generate meaningful revenue; it is in the development and pre-production stage, meaning it spends money on engineering, environmental approvals, and project financing rather than selling products. Its financials reflect this, with deeply negative margins typical of early-stage mining ventures. The key growth driver is successfully securing project financing and moving Sunrise into construction and eventual production, but the main risks are capital intensity, commodity price swings, and the long timeline between development and first sales.

Winston Score History

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-42.1% YoY

YoY Growth Rate

Revenue declining

EPS Growth

+20.7% YoY

YoY Growth Rate

Steady EPS growth

R&D Spend

$12,000/ year

↓ Declining (-79% vs prior year)

6.5% of revenue

1.6x the sector average (4%)

R&D spend declining — could signal cost-cutting or efficiency

Insider Activity

49.9%ownership

Insiders own a meaningful stake in the company

Cash Runway

~11 months

$11M cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Short runway — potential dilution ahead through share issuance

Cash watch

Sunrise Energy Metals Limited has less than a year of cash at its current burn rate. Growth investors should watch for potential share dilution from future fundraising — that directly reduces your ownership.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Gross Margin

-1266.3%

Thin — -1266.3% gross margin

Operating Margin

-3042.4%

Losing money on operations — -3042.4%

ROCE

-55.1%

Weak — -55.1% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales YoY

-43.4%

Shrinking sales (-43.4% YoY)

EPS YoY

N/A

Data not available

EPS Consistency

N/A

Data not available

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Cash Flow

Cash Conversion

N/A

—

Data not available

FCF Margin

-3037.0%

Burning cash (-3037.0%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

Debt / Equity

0.00

Conservative — low debt load (0.00)

Interest Cover

N/A

Data not available

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Valuation

P/E Ratio (TTM)

N/M

—

Negative earnings — P/E not meaningful

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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