Ryzon Materials (RYZ) Q4 2025 TU earnings summary

Executive summary

• Detailed engineering commenced for Nachu Graphite Project, with a tri-party MOU signed for plant and civil works development.

• Plans underway to fast-track anode material production in the US, responding to new tariffs on Chinese graphite products.

• IM3NY assets sold post-Chapter 11 bankruptcy; unlikely to recover investment, shifting focus to Nachu.

• Board changes with director resignation; AGM scheduled for August 2025.

Significant events and developments

• Nachu subsidiary received and resolved a non-compliance notice regarding its Special Mining Licence; licence remains valid.

• IM3NY bankruptcy concluded, assets sold for US$10 million; company retains economic interest in Imperium3.

• ASX suspension continues due to compliance issues; reinstatement contingent on meeting listing rules.

• No substantive mining exploration or production activities occurred during the quarter.

Capital allocation and financing

• Secured loan principal increased to $8.238 million, with up to $5 million additional support committed for the next 12 months.

• Cash and cash equivalents at quarter end were $78,000, with $4.794 million in unused finance facilities.

• Estimated 5.29 quarters of funding available based on current cash burn and facilities.