First Atlantic Nickel Corp.
First Atlantic Nickel Corp. engages in the identification, evaluation, and acquisition of mineral properties in Canada. It primarily explores for nickel, copper, silver, cobalt, and gold deposits. The company was formerly known as Avante Mining Corp. and changed its name to First Atlantic Nickel Corp. in April 2024. First Atlantic Nickel Corp. was incorporated in 2011 and is headquartered in Vanc… Read more
First Atlantic Nickel Corp. (FANCF) - Net Assets
Latest net assets as of October 2025: $7.90 Million USD
Based on the latest financial reports, First Atlantic Nickel Corp. (FANCF) has net assets worth $7.90 Million USD as of October 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($10.89 Million) and total liabilities ($3.00 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $7.90 Million |
| % of Total Assets | 72.48% |
| Annual Growth Rate | 46.05% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 102.13 |
First Atlantic Nickel Corp. - Net Assets Trend (2021–2025)
This chart illustrates how First Atlantic Nickel Corp.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for First Atlantic Nickel Corp. (2021–2025)
The table below shows the annual net assets of First Atlantic Nickel Corp. from 2021 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-01-31 | $6.56 Million | +175.53% |
| 2024-01-31 | $2.38 Million | +188.41% |
| 2023-01-31 | $825.01K | -57.56% |
| 2022-01-31 | $1.94 Million | +34.92% |
| 2021-01-31 | $1.44 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to First Atlantic Nickel Corp.'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 553021000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (January 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $17.08 Million | 260.52% |
| Total Equity | $6.56 Million | 100.00% |
First Atlantic Nickel Corp. Competitors by Market Cap
The table below lists competitors of First Atlantic Nickel Corp. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
POS Malaysia&Services Holdings Bhd
KLSE:4634
|
$17.70 Million |
|
Investcorp India Acquisition Corp. Class A ordinary share
NASDAQ:IVCA
|
$17.70 Million |
|
IBW Financial Corporation
PINK:IBWC
|
$17.71 Million |
|
Map Boga Adiperkasa Tbk PT
JK:MAPB
|
$17.71 Million |
|
Energía Innovación y Desarrollo Fotovoltaico S.A.
MC:EIDF
|
$17.70 Million |
|
Euro India Fresh Foods Limited
NSE:EIFFL
|
$17.70 Million |
|
Carnavale Resources Limited
F:YBB
|
$17.69 Million |
|
Aldoro Resources Ltd
AU:ARN
|
$17.68 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in First Atlantic Nickel Corp.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,379,379 to 6,555,959, a change of 4,176,580 (175.5%).
- Net loss of 1,849,152 reduced equity.
- New share issuances of 2,085,000 increased equity.
- Other factors increased equity by 3,940,732.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-1.85 Million | -28.21% |
| Share Issuances | $2.08 Million | +31.8% |
| Other Changes | $3.94 Million | +60.11% |
| Total Change | $- | 175.53% |
Book Value vs Market Value Analysis
This analysis compares First Atlantic Nickel Corp.'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.11x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.57x to 2.11x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-01-31 | $0.28 | $0.16 | x |
| 2022-01-31 | $0.31 | $0.16 | x |
| 2023-01-31 | $0.12 | $0.16 | x |
| 2024-01-31 | $0.06 | $0.16 | x |
| 2025-01-31 | $0.08 | $0.16 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently First Atlantic Nickel Corp. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -28.21%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.14x
- Recent ROE (-28.21%) is above the historical average (-83.79%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | -40.75% | 0.00% | 0.00x | 1.39x | $-731.24K |
| 2022 | -17.26% | 0.00% | 0.00x | 1.22x | $-529.90K |
| 2023 | -294.08% | 0.00% | 0.00x | 1.76x | $-2.51 Million |
| 2024 | -38.64% | 0.00% | 0.00x | 1.21x | $-1.16 Million |
| 2025 | -28.21% | 0.00% | 0.00x | 1.14x | $-2.50 Million |
Industry Comparison
This section compares First Atlantic Nickel Corp.'s net assets metrics with peer companies in the Other Industrial Metals & Mining industry.
Industry Context
- Industry: Other Industrial Metals & Mining
- Average net assets among peers: $2,436,539,064
- Average return on equity (ROE) among peers: -72.31%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| First Atlantic Nickel Corp. (FANCF) | $7.90 Million | -40.75% | 0.38x | $17.70 Million |
| Asia Broadband Inc (AABB) | $-384.18K | 0.00% | 0.00x | $228.54 |
| Altair Resources Inc (AAEEF) | $519.85K | -583.77% | 3.27x | $165.38K |
| Aftermath Silver Ltd (AAGFF) | $26.16 Million | -26.37% | 0.41x | $99.81 Million |
| Anglo American plc (AAUKF) | $24.32 Billion | 6.55% | 1.06x | $26.36 Billion |
| Abacus Mining & Exploration Corporation (ABCFF) | $-123.88K | 0.00% | 0.00x | $1.95 Million |
| Vision Lithium Inc (ABEPF) | $-384.45K | 0.00% | 0.00x | $3.75 Million |
| Arbor Metals Corp (ABRMF) | $700.32K | -22.12% | 0.03x | $3.05 Million |
| ACG Metals Limited (ACGAF) | $3.51 Million | -77.72% | 0.31x | $121.32 Million |
| ACME Lithium Inc (ACLHF) | $-1.00 Million | 0.00% | 0.00x | $561.74K |
| ACMNF (ACMNF) | $11.40 Million | -19.68% | 0.16x | $14.34 Million |