Niobay Metals (NBY) AI Stock Analysis

• Market Cap: C$20.69M
• Dividend Yield: N/A
• Average Volume (3M): 430.33K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.54
• Revenue Growth: N/A
• EPS Growth: -33.65%
• Country: CA
• Employees: 3
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): >-0.01
• Shares Outstanding: 133,468,570
• 10 Day Avg. Volume: 923,287
• 30 Day Avg. Volume: 430,333
• PEG Ratio: 0.25
• Price to Book (P/B): 1.18
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -2.05
• 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: 47 Neutral
• Price Target: C$0.11 ▼(-1.82% Downside)

The score is held down primarily by weak fundamentals—no revenue, continued losses, and ongoing cash burn—despite a no-debt balance sheet. Technicals also remain bearish with price below key moving averages, though oversold readings offer some offset. Corporate events are supportive due to successful financing and project progress, but valuation is difficult to anchor given negative earnings.

Positive Factors

Debt-Free Status

Operating without debt provides financial flexibility and reduces risk, allowing the company to focus on strategic investments and exploration without the burden of interest payments.

Resource Discovery

The discovery of substantial titanium resources could diversify the company's asset base, offering new revenue streams and strengthening its position in the mining sector.

Board Strengthening

The addition of Laurence Farmer, with expertise in M&A and capital markets, could enhance strategic development and improve governance, potentially leading to better decision-making and growth opportunities.

Negative Factors

Deteriorating Financial Position

A weakening financial position, marked by declining equity and assets, raises concerns about the company's ability to sustain operations and invest in growth, impacting its long-term viability.

Negative Cash Flow

Persistent negative cash flow suggests ongoing financial strain, limiting the company's ability to fund operations and invest in future growth, posing a risk to its financial health.

No Revenue Generation

The lack of revenue generation is a critical concern, indicating challenges in monetizing assets and achieving profitability, which can hinder long-term sustainability and growth.

Niobay Metals Business Overview & Revenue Model

Company Description

Niobay Metals Inc., a mineral resource company, acquires, explores for, evaluates, and develops mining properties in Canada. The company explores for niobium and tantalum deposits. Its principal asset is the James Bay Project that covers an area of 8,833 hectares located in the James Bay Lowlands in the northern Ontario, Canada. The company was formerly known as MDN Inc. and changed its name to Niobay Metals Inc. in September 2016. Niobay Metals Inc. was incorporated in 1954 and is based in Montreal, Canada.

How the Company Makes Money

Niobay Metals generates revenue through the exploration and potential development of its mineral properties, primarily focusing on niobium. The company aims to monetize its resources through the eventual sale or partnership in the development of its niobium assets. Key revenue streams include the potential sale of niobium once production commences and strategic partnerships or joint ventures with larger mining entities interested in investing in niobium resources. Additionally, the company may engage in raising capital through equity financing to support its exploration and development activities. Significant factors contributing to its earnings would include successful project development, favorable market conditions for niobium, and securing necessary permits and approvals for mining operations.

Niobay Metals Financial Statement Overview

Summary

Niobay Metals faces significant financial challenges with no revenue and consistent losses. While the absence of debt is a positive, deteriorating equity and assets highlight potential risks. Urgent strategic changes are necessary to improve financial health and operational viability.

Income Statement

The company has consistently reported no revenue over the years, leading to negative gross and net profit margins. This lack of revenue growth and profitability is a major concern, indicating significant operational challenges.

Balance Sheet

Despite no total debt, which is a positive, the declining stockholders' equity and total assets suggest a weakening financial position. The equity ratio shows adequate equity financing, but the lack of revenue generation is a concern.

Cash Flow

The company has experienced negative operating and free cash flows continuously, with no signs of improvement. The negative free cash flow growth indicates ongoing cash flow challenges, posing a risk to financial sustainability.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	-82.69K	-95.06K	-115.83K	-122.45K	-18.19K	-14.97K
EBITDA	-3.40M	-2.34M	-2.48M	-4.76M	-4.45M	-748.73K
Net Income	-3.16M	-2.40M	-2.10M	-4.46M	-3.97M	-744.79K
Balance Sheet
Total Assets	3.20M	3.55M	4.06M	6.17M	11.13M	14.35M
Cash, Cash Equivalents and Short-Term Investments	2.31M	2.68M	3.09M	4.53M	10.18M	13.17M
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00
Total Liabilities	187.11K	382.57K	154.49K	782.90K	1.11M	1.06M
Stockholders Equity	3.80M	3.92M	4.61M	5.87M	10.10M	13.27M
Cash Flow
Free Cash Flow	-3.13M	-2.26M	-2.24M	-6.68M	-4.00M	-2.91M
Operating Cash Flow	-3.13M	-2.22M	-2.21M	-6.17M	-3.83M	-2.89M
Investing Cash Flow	0.00	-40.00K	-25.00K	449.80K	569.78K	1.97M
Financing Cash Flow	3.02M	1.85M	798.92K	73.25K	271.91K	10.83M

Niobay Metals Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.11
• 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 TSE:NBY, the sentiment is Positive. The current price of 0.11 is below the 20-day moving average (MA) of 0.13, below the 50-day MA of 0.15, and above the 200-day MA of 0.10, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 62.34 is Neutral, neither overbought nor oversold. The STOCH value of 100.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:NBY.

Niobay Metals 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%
LLG	50 Neutral	C$15.24M	0.80	45.75%	―	―	158.45%
ELEF	49 Neutral	C$17.04M	-1.52	-179.75%	―	―	15.69%
NBY	47 Neutral	C$20.69M	-5.50	-76.62%	―	―	-33.65%
SMY	45 Neutral	C$17.01M	-11.04	-6.20%	―	―	-205.83%
WLF	45 Neutral	C$17.44M	-87.50	-32.86%	―	―	86.96%
SRA	39 Underperform	C$18.92M	34.53	16.97%	―	―	―

Niobay Metals Corporate Events

NioBay Metals Raises C$8.9 Million to Advance James Bay Niobium Project

NioBay Metals has closed a brokered and concurrent non-brokered private placement for total gross proceeds of approximately C$8.9 million, issuing a mix of common share units, flow-through units, and charity flow-through units, all with warrants exercisable at C$0.20 until December 2028. The flow-through proceeds will fund eligible exploration work at the James Bay Niobium Project and be renounced to subscribers as qualifying critical mineral expenditures, while non-flow-through funds will support working capital and corporate purposes, enhancing NioBay’s financial capacity to advance its flagship project and potentially strengthen its position in the critical minerals space, subject to final TSX Venture Exchange approval.

NioBay Metals Upsizes Private Placement to $7.5 Million

NioBay Metals Inc. has announced an increase in its private placement offering due to strong investor demand, raising the maximum gross proceeds from C$5 million to C$7.5 million. The funds will be used for the exploration and advancement of the James Bay Niobium Project and for general corporate purposes. This move reflects the company’s strategic efforts to strengthen its financial position and advance its key projects, potentially enhancing its market position and providing value to stakeholders.

NioBay Metals Launches C$5 Million Fundraising Initiative

NioBay Metals Inc. has announced a brokered life offering and concurrent private placement to raise up to C$5 million. The proceeds will be used for the exploration and advancement of the James Bay Niobium Project and for general corporate purposes. The offering includes units, flow-through units, and charity flow-through units, with Red Cloud Securities acting as the sole agent. The securities are expected to be freely tradeable in Canada, with certain exemptions applied for sales in offshore jurisdictions and the United States.

NioBay Metals Launches C$5 Million Fundraising for Niobium Project Expansion

NioBay Metals Inc. has announced a brokered life offering and concurrent private placement to raise up to C$5 million. The proceeds will be used for the exploration and advancement of the James Bay Niobium Project and for general corporate purposes. The offering includes units, flow-through units, and charity flow-through units, with Red Cloud Securities Inc. acting as the sole agent and bookrunner. This strategic move is expected to enhance NioBay’s operational capabilities and strengthen its position in the mining sector.

NioBay Metals Reports Successful 2025 Drill Campaign at Crevier Project

NioBay Metals Inc. announced the successful completion of its 2025 summer drill campaign at the Crevier Project, revealing additional mineralized intersections. The campaign confirmed mineralization over a 6 km strike length and included the completion of bulk sampling, with 140 tonnes of rock prepared for further testing. This development marks a significant step in advancing the Crevier Project, which will focus on producing niobium oxide for battery manufacturers, potentially strengthening NioBay’s position in the critical minerals market.

NioBay Metals Achieves Breakthrough in Niobium Concentrate Improvement

NioBay Metals Inc. has announced a significant improvement in its metallurgical work for the Crevier niobium and tantalum project, achieving a 56% increase in concentrate content compared to historical results. This advancement, supported by a grant from the MRNF, underscores the potential of the Crevier Project and positions NioBay to further test and market its products, with plans for a second pilot project to process more ore and enhance its industry impact.

NioBay Metals Secures Exploration Permit for James Bay Niobium Project

NioBay Metals Inc. has received a new exploration permit from the Ontario government for its James Bay Niobium Project, allowing the company to resume its drilling campaign. This campaign, previously halted due to community concerns, will now incorporate measures to address water management issues. The company emphasizes its commitment to involving local Indigenous communities in the planning and execution of exploration activities, reflecting a broader industry trend towards sustainable and community-inclusive mining practices.