Nine Mile Metals Ltd (TSE:NINE)
:NINE
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Nine Mile Metals Ltd
(NINE)
Select Model
Select Model
Rating:43Neutral
Price Target:
C$0.05
▼(-68.82% Downside)
Action:ReiteratedDate:03/20/26
The score is held down primarily by a pre-revenue business model with persistent losses and negative free cash flow, implying continued reliance on external funding. Technicals also remain bearish with price below key moving averages and negative MACD, despite oversold readings. Valuation support is limited because the company is loss-making (negative P/E) and pays no dividend.
Positive Factors
Low leverage / solid balance sheet
A very low debt footprint and stable asset base provide structural financial flexibility for an exploration company. Low leverage reduces near-term solvency risk and gives management options to fund programs via equity or partnerships rather than servicing debt, which supports sustained exploration activity.
Negative Factors
Pre-revenue business model
As an exploration-stage, pre-revenue company there is no operating income to sustain activities. Long-term value depends on discovery or third-party transactions, which are uncertain and can take many years; this structural model elevates financing and execution risk for shareholders.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / solid balance sheet
A very low debt footprint and stable asset base provide structural financial flexibility for an exploration company. Low leverage reduces near-term solvency risk and gives management options to fund programs via equity or partnerships rather than servicing debt, which supports sustained exploration activity.
Read all positive factors
Nine Mile Metals Ltd (NINE) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$11.12M
Dividend YieldN/A
Average Volume (3M)713.49K
Price to Earnings (P/E)―
Beta (1Y)3.57
Revenue GrowthN/A
EPS Growth54.76%
CountryCA
Employees1
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding185,363,270
10 Day Avg. Volume546,188
30 Day Avg. Volume713,493
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)0.22
Price to Sales (P/S)0.00
P/FCF Ratio-1.32
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Nine Mile Metals Ltd Business Overview & Revenue Model
Company Description
Nine Mile Metals Ltd. engages in the acquisition, development, and exploration of mineral properties. It holds interests in Black Point Property located in Eureka County, Nevada. The company also holds interest in the Nine Mile Brook and the Canoe...
How the Company Makes Money
Nine Mile Metals Ltd does not have publicly available, definitive information indicating it generates recurring operating revenue from producing mines or the sale of metal. As an exploration-stage company, it typically seeks to create value by (i)...
Nine Mile Metals Ltd Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
58
Neutral
Cash Flow
18
Very Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -6.53K | -3.92K | 0.00 | 0.00 | 0.00 |
| EBITDA | -856.41K | -2.12M | -410.00K | 3.60M | -1.14M |
| Net Income | -883.45K | -2.17M | -2.70M | -1.72M | -6.27M |
Balance Sheet | |||||
| Total Assets | 4.83M | 5.10M | 4.95M | 5.25M | 982.40K |
| Cash, Cash Equivalents and Short-Term Investments | 44.14K | 387.47K | 446.00K | 1.07M | 947.36K |
| Total Debt | 0.00 | 220.85K | 0.00 | 0.00 | 50.37K |
| Total Liabilities | 503.16K | 622.11K | 170.48K | 22.00K | 75.69K |
| Stockholders Equity | 4.32M | 4.48M | 4.78M | 5.23M | 906.71K |
Cash Flow | |||||
| Free Cash Flow | -730.69K | -1.89M | -2.37M | -1.42M | -1.08M |
| Operating Cash Flow | -730.69K | -1.84M | -2.29M | -1.33M | -1.07M |
| Investing Cash Flow | -9.00K | -50.00K | -80.00K | -85.00K | 11.20K |
| Financing Cash Flow | 396.36K | 1.83M | 1.74M | 1.54M | 1.75M |
Nine Mile Metals Ltd Technical Analysis
Negative
0.17
Price Trends
0.13
Negative
0.13
Negative
0.07
Negative
Market Momentum
-0.02
Negative
35.70
Neutral
33.33
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:NINE, the sentiment is Negative. The current price of 0.17 is above the 20-day moving average (MA) of 0.07, above the 50-day MA of 0.13, and above the 200-day MA of 0.07, indicating a bearish trend. The MACD of -0.02 indicates Negative momentum. The RSI at 35.70 is Neutral, neither overbought nor oversold. The STOCH value of 33.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:NINE.
Nine Mile Metals Ltd Peers Comparison
UnderperformOutperform
Sector (61)
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$14.46M | -14.08 | -88.09% | ― | ― | 21.15% | |
48 Neutral | C$17.69M | -120.12 | 13.19% | ― | ― | ― | |
47 Neutral | C$21.39M | -8.84 | -5.89% | ― | ― | 56.30% | |
45 Neutral | C$19.25M | -1.61 | ― | ― | ― | 79.88% | |
43 Neutral | C$11.12M | -24.57 | -26.39% | ― | ― | 54.76% |
* Basic Materials Sector Average
TSE:NINE
Nine Mile Metals Ltd
0.06
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200.00%
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Nine Mile Metals Ltd Corporate Events
Business Operations and Strategy
Nine Mile Metals Reports High-Grade Polymetallic Assays from Wedge Mine Drill Hole
Positive
Mar 12, 2026
Nine Mile Metals has reported certified assay results from drill hole WD-25-01 at its Wedge Mine in the Bathurst Mining Camp, confirming a 22.65-meter interval grading 3.83% copper equivalent and a 17.65-meter sub-interval at 4.33% copper equivale...
Business Operations and Strategy
Nine Mile Metals Advances Wedge Project Option and Ramps Up Exploration Plans
Positive
Mar 12, 2026
Nine Mile Metals has maintained its option to acquire 100% of the Wedge Project by making its third anniversary payment, consisting of a $40,000 cash payment and the issuance of 300,000 common shares to Slam Exploration. One final payment mileston...
Business Operations and Strategy
Nine Mile Metals Advances Bulk Metallurgical Testing at High-Grade Nine Mile Brook Lens
Positive
Mar 2, 2026
Nine Mile Metals has begun Phase 1 bulk sample metallurgical work on its Nine Mile Brook high-grade lens, averaging 13.71% CuEq over 15.10 metres, in collaboration with SGS Canada and Glencore Canada. Two one-tonne representative samples and an en...
Business Operations and Strategy
Nine Mile Metals Hits 32 Meters of 2.78% CuEq at Wedge Mine in Bathurst Camp
Positive
Feb 17, 2026
Nine Mile Metals reported certified assay results from drill hole WD-25-02 at its Wedge Mine project in New Brunswick, confirming a 32.10-meter interval grading 2.78% copper equivalent. The hole intersected three distinct VMS horizons with notable...
Business Operations and Strategy
Nine Mile Metals Hits 44 Meters of Copper Mineralization in Wedge Project Drill Program
Positive
Feb 10, 2026
Nine Mile Metals reported that drill hole WD-25-05 at its Wedge Project intersected a 44-meter interval of copper-bearing VMS and mineralized felsic volcanics, with core now submitted for base and precious metal assays. The company also completed ...
Business Operations and Strategy
Nine Mile Metals Extends Wedge Drill Success With 40m Mineralized Copper Interval
Positive
Jan 22, 2026
Nine Mile Metals has completed the fourth drill hole (DDH WD-25-04) in its Wedge Western Extension program, intersecting 40 metres of copper-bearing mineralization from 158 to roughly 198 metres depth, including zones with up to 50–60% sulph...
Business Operations and StrategyPrivate Placements and Financing
Nine Mile Metals Upsizes Financing to $6.2 Million on Strong Investor Demand
Positive
Jan 13, 2026
Nine Mile Metals Ltd. has increased the size of its previously announced listed issuer financing exemption offering from up to $4 million to as much as $6.2 million in response to strong investor demand, issuing units comprised of one common share...
Business Operations and StrategyPrivate Placements and Financing
Nine Mile Metals Seeks Up to $4 Million to Advance Bathurst VMS Projects
Positive
Jan 5, 2026
Nine Mile Metals Ltd. has launched a non-brokered private placement of up to 21,052,632 units at $0.19 per unit to raise as much as $4 million, with each unit consisting of one common share and one two-year warrant exercisable at $0.30. The financ...
Business Operations and Strategy
Nine Mile Metals Reports Up to 15% Copper in Surface Samples at Wedge Project
Positive
Dec 29, 2025
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. T...
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.