First Lithium Minerals Corp.
First Lithium Minerals Corp. operates as a mineral exploration and development company in Chile and Canada. The company primarily explores for lithium and alkali metals. It holds 100% interests in the OCA Salar de Ascotan project that covers an area of approximately 1,800 hectares of mineral exploration concessions located in the salar Ascotan in the Antofagasta Region of northern Chile; and the … Read more
First Lithium Minerals Corp. (FLMCF) - Net Assets
Latest net assets as of September 2025: $1.61 Million USD
Based on the latest financial reports, First Lithium Minerals Corp. (FLMCF) has net assets worth $1.61 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.14 Million) and total liabilities ($531.58K). 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 | $1.61 Million |
| % of Total Assets | 75.18% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 4.85 |
First Lithium Minerals Corp. - Net Assets Trend (2021–2024)
This chart illustrates how First Lithium Minerals 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 Lithium Minerals Corp. (2021–2024)
The table below shows the annual net assets of First Lithium Minerals Corp. from 2021 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-09-30 | $2.38 Million | -35.98% |
| 2023-09-30 | $3.71 Million | -26.27% |
| 2022-09-30 | $5.03 Million | +224.72% |
| 2021-09-30 | $-4.04 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to First Lithium Minerals 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 760365300.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (September 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $15.58 Million | 655.73% |
| Total Equity | $2.38 Million | 100.00% |
First Lithium Minerals Corp. Competitors by Market Cap
The table below lists competitors of First Lithium Minerals Corp. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
TWOSF
OTCQB:TWOSF
|
$4.52 Million |
|
Thunderful Group AB
ST:THUNDR
|
$4.52 Million |
|
BLB Limited
NSE:BLBLIMITED
|
$4.52 Million |
|
Taicera Enterprise Co
VN:TCR
|
$4.52 Million |
|
Patentus SA
WAR:PAT
|
$4.51 Million |
|
Stellar AfricaGold Inc.
V:SPX
|
$4.51 Million |
|
Mustang Bio Inc
NASDAQ:MBIO
|
$4.51 Million |
|
Argentex Group PLC
PINK:AGXTF
|
$4.51 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in First Lithium Minerals Corp.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,710,574 to 2,375,677, a change of -1,334,897 (-36.0%).
- Net loss of 1,363,007 reduced equity.
- New share issuances of 40,000 increased equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-1.36 Million | -57.37% |
| Share Issuances | $40.00K | +1.68% |
| Other Changes | $-11.89K | -0.5% |
| Total Change | $- | -35.98% |
Book Value vs Market Value Analysis
This analysis compares First Lithium Minerals 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: 2.29x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-09-30 | $-0.05 | $0.06 | x |
| 2022-09-30 | $0.06 | $0.06 | x |
| 2023-09-30 | $0.04 | $0.06 | x |
| 2024-09-30 | $0.02 | $0.06 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently First Lithium Minerals 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): -57.37%
- 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: 1.17x
- Recent ROE (-57.37%) is below the historical average (-49.32%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 0.00% | 0.00% | 0.00x | 0.00x | $-304.15K |
| 2022 | -79.31% | 0.00% | 0.00x | 1.04x | $-4.49 Million |
| 2023 | -60.61% | 0.00% | 0.00x | 1.09x | $-2.62 Million |
| 2024 | -57.37% | 0.00% | 0.00x | 1.17x | $-1.60 Million |
Industry Comparison
This section compares First Lithium Minerals 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 Lithium Minerals Corp. (FLMCF) | $1.61 Million | 0.00% | 0.33x | $4.52 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 |