Nine Mile Metals Ltd
Nine Mile Metals Ltd. engages in the acquisition, exploration, and development of mineral properties in Canada. The company explores for lead, zinc, copper, silver, and gold deposits. Its flagship property is the Nine Mile Brook VMS project that consists of 229 claim units covering an area of 50.04 square kilometers located in New Brunswick. The company was formerly known as Stevens Gold Nevada I… Read more
Nine Mile Metals Ltd (VMSXF) - Net Assets
Latest net assets as of September 2025: $4.33 Million USD
Based on the latest financial reports, Nine Mile Metals Ltd (VMSXF) has net assets worth $4.33 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 ($4.83 Million) and total liabilities ($503.88K). 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 | $4.33 Million |
| % of Total Assets | 89.57% |
| Annual Growth Rate | 37.23% |
| 5-Year Change | 377.39% |
| 10-Year Change | N/A |
| Growth Volatility | 181.33 |
Nine Mile Metals Ltd - Net Assets Trend (2018–2025)
This chart illustrates how Nine Mile Metals Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Nine Mile Metals Ltd (2018–2025)
The table below shows the annual net assets of Nine Mile Metals Ltd from 2018 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-09-30 | $4.33 Million | -3.34% |
| 2024-09-30 | $4.48 Million | -6.28% |
| 2023-09-30 | $4.78 Million | -8.57% |
| 2022-09-30 | $5.23 Million | +476.39% |
| 2021-09-30 | $906.71K | +259.59% |
| 2020-09-30 | $252.15K | -68.79% |
| 2019-09-30 | $807.97K | +71.15% |
| 2018-09-30 | $472.08K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Nine Mile Metals Ltd'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 1510704300.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (September 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $17.35 Million | 400.77% |
| Other Comprehensive Income | $2.13 Million | 49.14% |
| Other Components | $2.00 | 0.00% |
| Total Equity | $4.33 Million | 100.00% |
Nine Mile Metals Ltd Competitors by Market Cap
The table below lists competitors of Nine Mile Metals Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Immo-Zenobe Gramme SA
BR:ZEN
|
$2.31 Million |
|
ZW Data Action Technologies Inc
NASDAQ:CNET
|
$2.31 Million |
|
Whitebark Energy Ltd
AU:WBE
|
$2.31 Million |
|
Euroasia Total Logistics PCL
BK:ETL
|
$2.31 Million |
|
Good Gamer Entertainment Inc
OTCQB:GGAMF
|
$2.30 Million |
|
Ottogi Corp.
KQ:007310
|
$2.30 Million |
|
Vinny Overseas Limited
NSE:VINNY
|
$2.30 Million |
|
Gold By Gold
PA:ALGLD
|
$2.30 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Nine Mile Metals Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 4,478,146 to 4,328,537, a change of -149,609 (-3.3%).
- Net loss of 884,696 reduced equity.
- New share issuances of 433,387 increased equity.
- Other comprehensive income increased equity by 318,745.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-884.70K | -20.44% |
| Share Issuances | $433.39K | +10.01% |
| Other Comprehensive Income | $318.75K | +7.36% |
| Other Changes | $-17.05K | -0.39% |
| Total Change | $- | -3.34% |
Book Value vs Market Value Analysis
This analysis compares Nine Mile Metals Ltd'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: 0.31x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-09-30 | $0.05 | $0.01 | x |
| 2019-09-30 | $0.09 | $0.01 | x |
| 2020-09-30 | $0.03 | $0.01 | x |
| 2021-09-30 | $0.09 | $0.01 | x |
| 2022-09-30 | $0.14 | $0.01 | x |
| 2023-09-30 | $0.08 | $0.01 | x |
| 2024-09-30 | $0.06 | $0.01 | x |
| 2025-09-30 | $0.04 | $0.01 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Nine Mile Metals Ltd 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): -20.44%
- 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: 1.12x
- Recent ROE (-20.44%) is above the historical average (-153.20%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | -8.27% | 0.00% | 0.00x | 1.00x | $-86.23K |
| 2019 | -74.55% | 0.00% | 0.00x | 1.01x | $-683.11K |
| 2020 | -292.56% | 0.00% | 0.00x | 1.12x | $-762.90K |
| 2021 | -691.89% | 0.00% | 0.00x | 1.08x | $-6.36 Million |
| 2022 | -32.96% | 0.00% | 0.00x | 1.00x | $-2.25 Million |
| 2023 | -56.41% | 0.00% | 0.00x | 1.04x | $-3.17 Million |
| 2024 | -48.57% | 0.00% | 0.00x | 1.14x | $-2.62 Million |
| 2025 | -20.44% | 0.00% | 0.00x | 1.12x | $-1.32 Million |
Industry Comparison
This section compares Nine Mile Metals Ltd'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 |
|---|---|---|---|---|
| Nine Mile Metals Ltd (VMSXF) | $4.33 Million | -8.27% | 0.12x | $2.30 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 |