Noram Lithium Corp (NRM) - Net Assets

Latest as of October 2025: CA$4.58 Million CAD ≈ $3.31 Million USD

Based on the latest financial reports, Noram Lithium Corp (NRM) has net assets worth CA$4.58 Million CAD (≈ $3.31 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 (CA$5.77 Million ≈ $4.18 Million USD) and total liabilities (CA$1.19 Million ≈ $862.91K USD). 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. Check NRM financial resilience to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CA$4.58 Million
% of Total Assets	79.34%
Annual Growth Rate	17.39%
5-Year Change	23.3%
10-Year Change	589.27%
Growth Volatility	85.63

Noram Lithium Corp - Net Assets Trend (2012–2025)

This chart illustrates how Noram Lithium Corp's net assets have evolved over time, based on quarterly financial data. Also explore total assets of Noram Lithium Corp for the complete picture of this company's asset base.

Annual Net Assets for Noram Lithium Corp (2012–2025)

The table below shows the annual net assets of Noram Lithium Corp from 2012 to 2025. For live valuation and market cap data, see NRM market cap overview.

Year	Net Assets	Change
2025-01-31	CA$5.79 Million ≈ $4.19 Million	-27.16%
2024-01-31	CA$7.95 Million ≈ $5.75 Million	-41.29%
2023-01-31	CA$13.55 Million ≈ $9.80 Million	+151.11%
2022-01-31	CA$5.39 Million ≈ $3.90 Million	+14.81%
2021-01-31	CA$4.70 Million ≈ $3.40 Million	+61.84%
2020-01-31	CA$2.90 Million ≈ $2.10 Million	-1.42%
2019-01-31	CA$2.94 Million ≈ $2.13 Million	+156.09%
2018-01-31	CA$1.15 Million ≈ $831.81K	-58.48%
2017-01-31	CA$2.77 Million ≈ $2.00 Million	+229.50%
2016-01-31	CA$840.41K ≈ $607.94K	-30.09%
2015-01-31	CA$1.20 Million ≈ $869.57K	-23.68%
2014-01-31	CA$1.58 Million ≈ $1.14 Million	+29.18%
2013-01-31	CA$1.22 Million ≈ $882.01K	+69.34%
2012-01-31	CA$720.03K ≈ $520.86K	--

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 3320304200.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (January 2025)

Component	Amount	Percentage
Other Components	CA$39.31 Million	678.64%
Total Equity	CA$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
Ebang International Holdings NASDAQ:EBON	$11.65 Million
Stamper Oil & Gas Corp V:STMP	$11.66 Million
Desert Control AS OL:DSRT	$11.67 Million
Fingerprint Cards AB (publ) ST:FING-B	$11.67 Million
Fiberweb (India) Limited NSE:FIBERWEB	$11.65 Million
SHEARWATER GRP PLC LS-10 F:DTW1	$11.64 Million
Tian An Australia Ltd AU:TIA	$11.64 Million
Netlinkz Ltd AU:NET	$11.64 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 comprehensive income decreased equity by 9,432,116.
Other factors increased equity by 10,386,523.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CA$-3.15 Million	-54.42%
Share Issuances	CA$38.15K	+0.66%
Other Comprehensive Income	CA$-9.43 Million	-162.83%
Other Changes	CA$10.39 Million	+179.3%
Total Change	CA$-	-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: 2.78x
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 0.17x to 2.78x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2012-01-31	CA$1.07	CA$0.18	x
2013-01-31	CA$1.08	CA$0.18	x
2014-01-31	CA$1.07	CA$0.18	x
2015-01-31	CA$0.61	CA$0.18	x
2016-01-31	CA$0.31	CA$0.18	x
2017-01-31	CA$0.27	CA$0.18	x
2018-01-31	CA$0.07	CA$0.18	x
2019-01-31	CA$0.12	CA$0.18	x
2020-01-31	CA$0.08	CA$0.18	x
2021-01-31	CA$0.09	CA$0.18	x
2022-01-31	CA$0.07	CA$0.18	x
2023-01-31	CA$0.15	CA$0.18	x
2024-01-31	CA$0.09	CA$0.18	x
2025-01-31	CA$0.06	CA$0.18	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 (-72.43%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2012	-19.97%	0.00%	0.00x	1.01x	CA$-215.82K
2013	-28.29%	0.00%	0.00x	1.07x	CA$-466.80K
2014	-18.02%	0.00%	0.00x	1.05x	CA$-441.31K
2015	-54.39%	0.00%	0.00x	1.03x	CA$-773.98K
2016	-72.03%	0.00%	0.00x	1.01x	CA$-689.36K
2017	-63.27%	0.00%	0.00x	1.04x	CA$-2.03 Million
2018	-327.54%	0.00%	0.00x	1.05x	CA$-3.88 Million
2019	-49.22%	0.00%	0.00x	1.07x	CA$-1.74 Million
2020	-19.66%	0.00%	0.00x	1.10x	CA$-860.95K
2021	-106.58%	0.00%	0.00x	1.07x	CA$-5.48 Million
2022	-98.66%	0.00%	0.00x	1.10x	CA$-5.86 Million
2023	-30.82%	0.00%	0.00x	1.05x	CA$-5.53 Million
2024	-71.19%	0.00%	0.00x	1.06x	CA$-6.46 Million
2025	-54.42%	0.00%	0.00x	1.09x	CA$-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: $49,314,810
Average return on equity (ROE) among peers: -11.56%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Noram Lithium Corp (NRM)	CA$4.58 Million	-19.97%	0.26x	$11.65 Million
Aftermath Silver Ltd (AAG)	$-553.41K	0.00%	0.00x	$185.75 Million
Aton Resources Inc (AAN)	$-1.13 Million	0.00%	0.00x	$49.79 Million
Arbor Metals Corp (ABR)	$1.00 Million	-16.27%	0.02x	$10.75 Million
Asiabasemetals Inc (ABZ)	$717.72K	-45.73%	0.05x	$4.67 Million
Adex Mining Inc (ADE)	$-30.95 Million	0.00%	0.00x	$27.09 Million
Alphamin Res (AFM)	$367.40 Million	27.47%	0.33x	$1.30 Billion
Silver X Mining Corp (AGX)	$38.37 Million	-47.47%	0.73x	$148.73 Million
Amarc Resources Ltd. (AHR)	$14.00 Million	5.93%	0.01x	$148.33 Million
Almonty Industries Inc (AII)	$39.75 Million	-36.45%	3.85x	$4.73 Billion
Aldebaran Resources Inc (ALDE)	$64.54 Million	-3.09%	0.01x	$332.39 Million

About Noram Lithium Corp

V:NRM Canada Other Industrial Metals & Mining

Market Cap

$11.65 Million

CA$16.10 Million CAD

Market Cap Rank

#26491 Global

#1105 in Canada

Share Price

CA$0.18

Change (1 day)

-2.70%

52-Week Range

CA$0.09 - CA$0.19

All Time High

CA$1.25