Nova Lithium Corp.
Nova Lithium Corp., a junior mining company, engages in the acquisition, exploration, and development of lithium brine and lithium clay properties. It holds 100% interest in the Deer Musk West project that comprises 190 mineral claims covering an area of approximately 1550 hectares located in the southern Clayton Valley, Nevada. The company was formerly known as Halcyon Ventures Inc. and changed … Read more
Nova Lithium Corp. (NVLIF) - Net Assets
Latest net assets as of September 2025: $3.01 Million USD
Based on the latest financial reports, Nova Lithium Corp. (NVLIF) has net assets worth $3.01 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 ($3.29 Million) and total liabilities ($284.58K). 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 | $3.01 Million |
| % of Total Assets | 91.35% |
| Annual Growth Rate | 38.05% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 54.97 |
Nova Lithium Corp. - Net Assets Trend (2021–2025)
This chart illustrates how Nova 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 Nova Lithium Corp. (2021–2025)
The table below shows the annual net assets of Nova Lithium Corp. from 2021 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | $2.99 Million | +1684.81% |
| 2024-06-30 | $-188.51K | -137.54% |
| 2023-06-30 | $502.16K | -28.52% |
| 2022-06-30 | $702.48K | -14.60% |
| 2021-06-30 | $822.56K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Nova 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 424273300.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $7.43 Million | 248.79% |
| Total Equity | $2.99 Million | 100.00% |
Nova Lithium Corp. Competitors by Market Cap
The table below lists competitors of Nova Lithium Corp. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Jubilee Spinning & Weaving Mills Ltd
KAR:JUBS
|
$1.18K |
|
Fintech Asia Ltd
LSE:FINA
|
$1.18K |
|
NIGERIAN EXCHANGE GROUP PLC
XNSA:NGXGROUP
|
$1.18K |
|
Termo2Power SA
WAR:T2P
|
$1.18K |
|
Bank of Khyber
KAR:BOK
|
$1.18K |
|
TPS EASTERN AFRICA LTD
XNAI:TPS
|
$1.17K |
|
Aeonian Resources Corp.
V:ALTN
|
$1.17K |
|
Pioneer Oil & Gas
PINK:POGS
|
$1.17K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Nova Lithium Corp.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from -188,507 to 2,987,472, a change of 3,175,979.
- Net loss of 2,556,366 reduced equity.
- New share issuances of 5,183,480 increased equity.
- Other factors increased equity by 548,865.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-2.56 Million | -85.57% |
| Share Issuances | $5.18 Million | +173.51% |
| Other Changes | $548.87K | +18.37% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares Nova 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: 1.92x
- 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 3.01x to 1.92x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-06-30 | $0.04 | $0.12 | x |
| 2022-06-30 | $0.03 | $0.12 | x |
| 2023-06-30 | $0.02 | $0.12 | x |
| 2024-06-30 | $-0.01 | $0.12 | x |
| 2025-06-30 | $0.06 | $0.12 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Nova 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): -85.57%
- 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: 1.31x
- Recent ROE (-85.57%) is below the historical average (-36.36%), 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 | -24.43% | 0.00% | 0.00x | 1.05x | $-283.18K |
| 2022 | -23.43% | 0.00% | 0.00x | 1.11x | $-234.83K |
| 2023 | -48.35% | 0.00% | 0.00x | 1.09x | $-293.03K |
| 2024 | 0.00% | 0.00% | 0.00x | 0.00x | $-1.26 Million |
| 2025 | -85.57% | 0.00% | 0.00x | 1.31x | $-2.86 Million |
Industry Comparison
This section compares Nova 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 |
|---|---|---|---|---|
| Nova Lithium Corp. (NVLIF) | $3.01 Million | -24.43% | 0.09x | $1.18K |
| 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 |