Noram Lithium Corp
Noram Lithium Corp., through its subsidiary Green Energy Resources Inc., engages in the acquisition, exploration, and development of mineral exploration properties in Canada and the United States. The company holds a 100% interest in the Zeus lithium project, which includes 146 placer claims and 136 lode claims covering an area of 1,113 hectares located in Clayton Valley, Nevada, United States. T… Read more
Noram Lithium Corp (NRVTF) - Net Assets
Latest net assets as of October 2025: $4.58 Million USD
Based on the latest financial reports, Noram Lithium Corp (NRVTF) has net assets worth $4.58 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 ($5.77 Million) and total liabilities ($1.19 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 | $4.58 Million |
| % of Total Assets | 79.34% |
| Annual Growth Rate | 12.57% |
| 5-Year Change | 23.3% |
| 10-Year Change | 589.27% |
| Growth Volatility | 92.61 |
Noram Lithium Corp - Net Assets Trend (2014–2025)
This chart illustrates how Noram Lithium 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 Noram Lithium Corp (2014–2025)
The table below shows the annual net assets of Noram Lithium Corp from 2014 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-01-31 | $5.79 Million | -27.16% |
| 2024-01-31 | $7.95 Million | -41.29% |
| 2023-01-31 | $13.55 Million | +151.11% |
| 2022-01-31 | $5.39 Million | +14.81% |
| 2021-01-31 | $4.70 Million | +61.84% |
| 2020-01-31 | $2.90 Million | -1.42% |
| 2019-01-31 | $2.94 Million | +156.09% |
| 2018-01-31 | $1.15 Million | -58.48% |
| 2017-01-31 | $2.77 Million | +229.50% |
| 2016-01-31 | $840.41K | -30.09% |
| 2015-01-31 | $1.20 Million | -23.68% |
| 2014-01-31 | $1.58 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Noram Lithium 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 3257436000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (January 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $39.31 Million | 678.64% |
| Total Equity | $5.79 Million | 100.00% |
Noram Lithium Corp Competitors by Market Cap
The table below lists competitors of Noram Lithium Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Danel (Adir Yeoshua) Ltd
TA:DANE
|
$7.28 Million |
|
Mangalam Global Enterprise Limited
NSE:MGEL
|
$7.28 Million |
|
RLF Agtech Ltd
AU:RLF
|
$7.28 Million |
|
NACON SA EO 1
F:4AW
|
$7.28 Million |
|
373110
KQ:373110
|
$7.27 Million |
|
Mudajaya Group Bhd
KLSE:5085
|
$7.27 Million |
|
Leishen Energy Holding Co., Ltd. Ordinary Shares
NASDAQ:LSE
|
$7.27 Million |
|
Biofrontera Inc
NASDAQ:BFRI
|
$7.27 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Noram Lithium Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 7,952,677 to 5,792,717, a change of -2,159,960 (-27.2%).
- Net loss of 3,152,517 reduced equity.
- New share issuances of 38,150 increased equity.
- Other factors increased equity by 954,407.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-3.15 Million | -54.42% |
| Share Issuances | $38.15K | +0.66% |
| Other Changes | $954.41K | +16.48% |
| Total Change | $- | -27.16% |
Book Value vs Market Value Analysis
This analysis compares Noram Lithium 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: 1.44x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 1.59x to 1.44x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-01-31 | $0.06 | $0.09 | x |
| 2019-01-31 | $0.08 | $0.09 | x |
| 2020-01-31 | $0.07 | $0.09 | x |
| 2021-01-31 | $0.07 | $0.09 | x |
| 2022-01-31 | $0.06 | $0.09 | x |
| 2023-01-31 | $0.15 | $0.09 | x |
| 2024-01-31 | $0.09 | $0.09 | x |
| 2025-01-31 | $0.06 | $0.09 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Noram Lithium 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): -54.42%
- 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: 1.09x
- Recent ROE (-54.42%) is above the historical average (-80.63%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | -18.02% | 0.00% | 0.00x | 1.05x | $-441.31K |
| 2015 | -54.39% | 0.00% | 0.00x | 1.03x | $-773.98K |
| 2016 | -72.03% | 0.00% | 0.00x | 1.01x | $-689.36K |
| 2017 | -63.27% | 0.00% | 0.00x | 1.04x | $-2.03 Million |
| 2018 | -327.54% | 0.00% | 0.00x | 1.05x | $-3.88 Million |
| 2019 | -49.22% | 0.00% | 0.00x | 1.07x | $-1.74 Million |
| 2020 | -17.69% | 0.00% | 0.00x | 1.10x | $-803.93K |
| 2021 | -106.36% | 0.00% | 0.00x | 1.07x | $-5.47 Million |
| 2022 | -98.64% | 0.00% | 0.00x | 1.10x | $-5.86 Million |
| 2023 | -34.76% | 0.00% | 0.00x | 1.05x | $-6.06 Million |
| 2024 | -71.19% | 0.00% | 0.00x | 1.06x | $-6.46 Million |
| 2025 | -54.42% | 0.00% | 0.00x | 1.09x | $-3.73 Million |
Industry Comparison
This section compares Noram Lithium 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 |
|---|---|---|---|---|
| Noram Lithium Corp (NRVTF) | $4.58 Million | -18.02% | 0.26x | $7.28 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 |