Norsemont Capital (NOM) AI Stock Analysis

• Market Cap: C$86.23M
• Dividend Yield: N/A
• Average Volume (3M): 199.06K
• Price to Earnings (P/E): ―
• Beta (1Y): <0.01
• Revenue Growth: N/A
• EPS Growth: -77.07%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): -0.03
• Shares Outstanding: 69,543,860
• 10 Day Avg. Volume: 212,090
• 30 Day Avg. Volume: 199,065
• PEG Ratio: 0.28
• Price to Book (P/B): 0.51
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -5.77
• 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: 49 Neutral
• Price Target: C$1.00 ▲(1.01% Upside)

Score is held back primarily by weak financial performance (no revenue, widening losses, and persistent cash burn). Technicals are constructive with price well above key moving averages, but overbought RSI/Stoch temper the setup. Valuation is also constrained by negative earnings and no dividend support.

Positive Factors

Conservative balance sheet

Low leverage and sizable equity provide durable financial flexibility for an exploration company, reducing refinancing risk and supporting staged project spending. This conservatism lengthens runway and preserves optionality to advance targets over the next several months.

Improving cash burn trend

A declining burn rate versus earlier years reflects better cost control or more targeted spending, which can materially extend runway without immediate fundraising. Sustained improvement lowers near-term dilution risk and helps fund key exploration catalysts over 2–6 months.

Reduced peak losses versus prior years

Lower peak losses indicate management has meaningfully curtailed prior spending excesses, improving financial discipline. This structural reduction in outflows increases the likelihood the company can progress projects without reverting to past high-burn patterns.

Negative Factors

Widening net loss and persistent cash burn

Persistent, growing net losses and negative operating and free cash flow mean the company is consuming capital with no internal revenue source. Over the medium term this necessitates external funding, increasing dilution or financing cost and constraining project execution.

Pre-revenue exploration profile

Being pre-revenue means fundamental value hinges on successful exploration outcomes rather than cash-generating operations. This creates binary, long-dated risk and limited near-term visibility on returns, raising financing and execution uncertainty over months.

Negative return on equity

A persistent negative ROE signals shareholder capital is being consumed rather than creating value. Structurally this undermines investor returns, increases likelihood of future equity raises, and constrains reinvestment capacity for value-accretive projects.

Norsemont Capital Business Overview & Revenue Model

Company Description

Norsemont Mining Inc., an exploration stage company, engages in the acquisition, exploration, and development of mineral resource properties. It holds a 100% interest in the Choquelimpie gold and silver project covering an area of approximately 5,757 hectares located in northern Chile; and an option agreement to acquire a 100% interest in the Burge Lake Project located in the Province of Quebec. The company was formerly known as Norsemont Capital Inc. and changed its name to Norsemont Mining Inc. in February 2020. Norsemont Mining Inc. was incorporated in 2000 and is headquartered in Vancouver, Canada.

How the Company Makes Money

Norsemont Capital makes money through the exploration and development of mineral properties, focusing on precious metals such as gold and silver. The company's revenue model typically involves the acquisition of promising mineral properties, conducting exploration activities to assess their potential, and developing these properties to increase their value. Once a property is sufficiently developed, Norsemont Capital may choose to sell, lease, or enter into joint venture agreements with larger mining companies, generating revenue through these transactions. Additionally, the company may raise funds through equity financing to support its exploration and development activities, relying on investor interest in its projects and the potential for future returns.

Norsemont Capital Financial Statement Overview

Summary

Exploration-stage profile with zero revenue and widening TTM net loss (~-$4.1M vs ~-$2.1M in 2024) plus consistently negative operating/free cash flow (TTM OCF ~-$3.7M; FCF ~-$3.8M). Strength is a relatively conservative balance sheet with low leverage (debt-to-equity ~0.11) and sizable equity (~$28.0M), but negative ROE (~-17%) indicates ongoing capital consumption.

Income Statement

Results remain pre-revenue (zero revenue across annual periods and TTM (Trailing-Twelve-Months)), with ongoing operating losses. Net loss widened to about -$4.1M in TTM (Trailing-Twelve-Months) from about -$2.1M in 2024, indicating higher spending and no visible operating leverage yet. A positive is that losses are well below the 2021 peak (about -$9.5M), but profitability is still meaningfully negative and dependent on future project success rather than current operations.

Balance Sheet

The balance sheet is relatively conservative, with low leverage (debt-to-equity ~0.11 in TTM (Trailing-Twelve-Months)) and equity still sizable (~$28.0M). Total assets increased versus 2024, supporting the company’s exploration-stage positioning. The key weakness is persistent negative returns on equity (about -17% in TTM (Trailing-Twelve-Months)), showing shareholder capital is being consumed by ongoing losses.

Cash Flow

Cash burn remains a central issue: operating cash flow and free cash flow are negative in every period provided, including TTM (Trailing-Twelve-Months) operating cash flow of about -$3.7M and free cash flow of about -$3.8M. The burn rate improved versus 2022 and 2021, but it deteriorated versus 2024 (operating cash flow about -$2.0M). Free cash flow was slightly larger in magnitude than net loss in TTM (Trailing-Twelve-Months), suggesting cash outflows are broadly tracking reported losses rather than being meaningfully cushioned by non-cash items.

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	-11.33K	0.00	-37.20K	-37.20K	-25.95K	-739.00
EBITDA	-3.61M	0.00	-2.07M	-5.27M	-9.43M	-5.56M
Net Income	-4.09M	-2.05M	-2.39M	-5.44M	-9.46M	-5.56M
Balance Sheet
Total Assets	33.49M	28.61M	27.52M	27.63M	30.32M	35.37M
Cash, Cash Equivalents and Short-Term Investments	5.84M	957.87K	5.11K	24.51K	2.60M	7.60M
Total Debt	3.05M	2.87M	1.28M	1.31M	93.70K	0.00
Total Liabilities	5.51M	5.48M	4.53M	3.31M	2.15M	780.29K
Stockholders Equity	27.97M	23.14M	22.99M	24.32M	28.17M	34.59M
Cash Flow
Free Cash Flow	-3.82M	-2.03M	-722.28K	-4.22M	-6.56M	-8.41M
Operating Cash Flow	-3.68M	-2.03M	-722.28K	-4.22M	-6.56M	-3.75M
Investing Cash Flow	-140.56K	0.00	0.00	0.00	0.00	-4.65M
Financing Cash Flow	9.62M	2.98M	704.24K	1.66M	1.51M	15.75M

Norsemont Capital Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.99
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:NOM, the sentiment is Positive. The current price of 0.99 is below the 20-day moving average (MA) of 1.20, below the 50-day MA of 1.04, and above the 200-day MA of 0.72, indicating a bullish trend. The MACD of 0.07 indicates Positive momentum. The RSI at 55.97 is Neutral, neither overbought nor oversold. The STOCH value of 71.08 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:NOM.

Norsemont Capital 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%
FMAN	54 Neutral	C$132.28M	-25.29	-11.02%	―	―	-58.88%
GGO	50 Neutral	C$142.67M	-81.82	-3.92%	―	―	―
NOM	49 Neutral	C$86.23M	-22.30	-16.41%	―	―	-77.07%
RPX	48 Neutral	C$81.74M	-7.05	-133.51%	―	―	47.21%
GPG	43 Neutral	C$63.75M	-53.85	-4.42%	―	―	7.14%
ROS	39 Underperform	C$67.97M	-23.85	―	―	―	22.62%

Norsemont Capital Corporate Events

Norsemont Mining Strengthens Choquelimpie Push With New Capital, Resource Estimate and CFO Appointment

Norsemont Mining has issued a year-end update highlighting substantial progress at its Choquelimpie project in 2025, including the publication of an initial mineral resource estimate outlining more than 2.7 million gold-equivalent ounces in indicated and inferred categories and the completion of over $22 million in financings, with a recent $15 million raise from strategic investors to fund drilling, metallurgical, environmental and permitting work. Backed by an expanded technical, financial and environmental team and the appointment of a new chief financial officer, the company is executing a two-pronged development strategy to finalize plans for processing oxide stockpiles while systematically expanding oxide and sulfide resources and testing deeper copper porphyry potential, setting the stage for engineering and feasibility work in 2026 and advancing Choquelimpie toward future production.

The most recent analyst rating on (TSE:NOM) stock is a Hold with a C$1.00 price target. To see the full list of analyst forecasts on Norsemont Capital stock, see the TSE:NOM Stock Forecast page.

Norsemont Mining Raises US$10.9 Million to Advance Chilean Choquelimpie Project

Norsemont Mining Inc. has closed the second and final tranche of its non-brokered private placement of unsecured convertible debenture units, bringing total gross proceeds to approximately US$10.93 million (about C$15.1 million) and reflecting increased backing from Crescat Capital and other strategic investors. The funds will support general working capital and, crucially, ongoing exploration and advancement of the company’s flagship Choquelimpie gold-silver-copper project in Chile, while the debenture structure—bearing 5.25% interest, featuring share conversion at C$0.86, three-year C$1.00 warrants, and a post-production gold purchase right—strengthens Norsemont’s capital position and aligns key investors with the long-term development of the asset.

Norsemont Mining Raises US$7.53 Million in First Tranche of Convertible Debenture Financing

Norsemont Mining has closed the first tranche of its non-brokered private placement of unsecured convertible debenture units, raising US$7.53 million and issuing over 6 million warrants, with the overall financing size increased to up to US$10 million. The funds will support general working capital, the 2026 drill program, advancement of the Choquelimpie near-term production strategy, and completion of a stockpile PEA, while the debentures feature a 5.25% interest rate, three-year term, conversion and warrant rights, and a gold purchase right that further aligns long-term strategic investors with the project’s development trajectory.

Norsemont Mining Secures CAD$10 Million Financing for Project Advancement

Norsemont Mining Inc. has announced a CAD$10 million non-brokered private placement of unsecured convertible debenture units, with an overallotment option of up to 30%. The financing is aimed at supporting general working capital and the advancement of the Choquelimpie Gold-Silver-Copper project. The company is optimistic that this funding will enhance its drilling program and economic assessments, with continued support from its strategic investors.

Norsemont Advances Phase 3 Drilling at Choquelimpie Project

Norsemont Mining Inc. has completed the first diamond drill hole and commenced two additional holes in its Phase 3 exploration program at the Choquelimpie project in Chile. This phase aims to explore high-grade gold mineralization at depth, potentially transforming the project’s resource base and enhancing the company’s market position. The program involves up to 5,000 meters of drilling, with results expected to impact stakeholder confidence and project valuation.