Top Page
Nine Mile Metals Ltd
(NINE)
Nine Mile Metals Ltd (NINE) vs. iShares MSCI Canada ETF (EWC)
Nine Mile Metals Ltd Business Overview & Revenue Model
Nine Mile Metals Ltd Financial Statement Overview
| 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 | -10.45K | -3.92K | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -1.22M | -2.12M | -410.00K | 3.60M | -1.14M | -635.00K |
| Net Income | -1.26M | -2.17M | -2.70M | -1.72M | -6.27M | -738.00K |
Balance Sheet | ||||||
| Total Assets | 4.80M | 5.10M | 4.95M | 5.25M | 982.40K | 281.65K |
| Cash, Cash Equivalents and Short-Term Investments | 1.81K | 387.47K | 446.00K | 1.07M | 947.36K | 258.60K |
| Total Debt | 0.00 | 220.85K | 0.00 | 0.00 | 50.37K | 0.00 |
| Total Liabilities | 414.43K | 622.11K | 170.48K | 22.00K | 75.69K | 29.50K |
| Stockholders Equity | 4.39M | 4.48M | 4.78M | 5.23M | 906.71K | 252.15K |
Cash Flow | ||||||
| Free Cash Flow | -1.11M | -1.89M | -2.37M | -1.42M | -1.08M | -494.27K |
| Operating Cash Flow | -1.10M | -1.84M | -2.29M | -1.33M | -1.07M | -460.40K |
| Investing Cash Flow | -11.35K | -50.00K | -80.00K | -85.00K | 11.20K | -53.26K |
| Financing Cash Flow | 309.73K | 1.83M | 1.74M | 1.54M | 1.75M | 0.00 |
Nine Mile Metals Ltd Technical Analysis
Nine Mile Metals Ltd Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
49 Neutral | C$16.78M | -11.79 | -88.09% | ― | ― | 21.15% | |
48 Neutral | C$16.04M | -150.00 | ― | ― | ― | 79.88% | |
48 Neutral | C$14.80M | -3.72 | -15.47% | ― | ― | ― | |
48 Neutral | C$15.83M | 111.36 | 13.19% | ― | ― | ― | |
37 Underperform | C$16.26M | -33.05 | -5.89% | ― | ― | 56.30% | |
30 Underperform | $16.50M | -13.82 | -26.39% | ― | ― | 54.76% |
Nine Mile Metals Ltd Corporate Events
Nine Mile Metals reported certified assay results from surface VMS mineralization at its Wedge Project in New Brunswick, with multiple grab samples grading above 10% copper and peak values reaching 15% copper and more than 16% copper equivalent. The company says the massive sulphide mineralization and visible high-grade copper minerals align with what it is encountering in its initial drill holes, reinforcing confidence in the Wedge program’s potential and supporting its strategy of targeting a high-grade, copper-rich deposit ahead of forthcoming certified drill core assays.
Nine Mile Metals has completed its third drill hole, DDH WD-25-02B, in the Wedge Western Extension program in New Brunswick, intersecting 66 metres of copper-rich VMS mineralization from about 56 metres down to the end of the hole at 122 metres. The hole, drilled northwest of a previous collar, extended the mineralized footprint to the west and encountered massive copper-bearing sulphides with visible chalcopyrite in both sedimentary and volcanic host rocks, but had to be terminated in a strongly mineralized zone due to difficult ground conditions in a fault zone. Core from the hole has been logged, sampled and shipped to ALS Global for expedited base and precious metals assays, while the technical team designs a follow-up hole from the opposite side of the fault for a 2026 drill phase to better test the thickness and scale of what management describes as an increasingly impressive, high-grade copper zone at the Wedge project.
Nine Mile Metals Ltd announced certified assay results from its Wedge VMS Project in Bathurst, New Brunswick, indicating high copper grades of up to 15.21% CuEq. These promising findings suggest significant untapped potential beneath the historically mined portion of the deposit, reinforcing the project’s viability and growth prospects. The company’s advanced drilling and analysis are expected to shed further light on the scale of the asset, which could strengthen its position in the regional mining sector and deliver value for stakeholders.
Nine Mile Metals Ltd. has completed the second drill hole in its Wedge Western Extension Drill Program, confirming two zones of copper-rich VMS mineralization. The successful intersection of massive copper-bearing sulphides indicates a robust and copper-rich deposit, enhancing the company’s mineralized footprint and positioning it advantageously in the critical minerals market.
Nine Mile Metals Ltd. announced the completion of its first drill hole, WD-25-01, in the Wedge Western Extension Drill Program, successfully intersecting two zones of VMS mineralization. This development marks a significant step in expanding the mineralized footprint westward, with further analysis and updates expected as the company continues its exploration efforts.
Nine Mile Metals Ltd has announced high-grade results from its Phase 3 XRF analysis at the Wedge Copper-Gold Project in the Bathurst Mining Camp, New Brunswick. The samples revealed significant copper concentrations, with one sample showing up to 26.14% copper and 1.03% antimony. The presence of covellite, a copper mineral, was noted for the first time, indicating secondary enrichment in the deposits. These results are crucial for the company’s exploration strategy as they plan to conduct further drilling to explore the western extension and deeper parts of the deposit, potentially enhancing their market position and offering promising implications for stakeholders.
Nine Mile Metals Ltd. has announced the mobilization of a YS2000 Skid Mounted Drill Rig by Orbit Garant for its Wedge Copper-Gold Drill Program. This initiative aims to explore the western extension of the Wedge Mine deposit, building on last year’s success in expanding the eastern extension. The drill program is expected to enhance the company’s resource model by testing the depth of mineralization and expanding the mineralized footprint, potentially adding new tonnage to the deposit. This development could strengthen Nine Mile’s position in the critical minerals market, particularly in the context of growing demand for EV and green technologies.
Nine Mile Metals Ltd. has successfully closed an oversubscribed non-brokered flow-through private placement, raising $400,000, exceeding the initially planned $250,000. The funds will be used for exploration activities at the company’s NB Critical Minerals Projects, with a focus on the Wedge Critical Mineral Project. This financial boost, including participation from company directors, positions Nine Mile Metals strategically in the critical minerals sector, supporting its exploration and development initiatives in the Bathurst Mining Camp.
Nine Mile Metals Ltd has announced high-grade copper results from its Phase 2 XRF sampling at the Wedge VMS Project in Bathurst Mining Camp, New Brunswick. The results show significant copper concentrations, with some samples reaching up to 17.41% copper, indicating a promising extension of the deposit. This development is expected to enhance the company’s exploration efforts, as they aim to expand the Wedge Deposit’s footprint and assess its economic potential. The findings could significantly impact the company’s operations by potentially increasing the deposit’s tonnage and confirming the presence of copper-gold mineralization, which could attract further investment and interest from stakeholders.
Nine Mile Metals Ltd. has successfully closed an oversubscribed non-flow-through private placement, raising $182,132 by issuing over 12 million units at 1.5 cents per unit. The funds will be used for general and administrative purposes, and the securities are subject to a hold period. This financial move supports Nine Mile’s strategic focus on exploring critical mineral resources, positioning the company to capitalize on the increasing demand for materials essential to electric vehicles and green technologies.