Noram Lithium Corp (NRM) - Net Assets

Latest as of January 2026: CA$5.44 Million CAD ≈ $3.93 Million USD

Based on the latest financial reports, Noram Lithium Corp (NRM) has net assets worth CA$5.44 Million CAD (≈ $3.93 Million USD) as of January 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$5.86 Million ≈ $4.24 Million USD) and total liabilities (CA$420.55K ≈ $304.22K 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 PP&E to net assets ratio to assess the company's strategic physical and investment asset allocation.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CA$5.44 Million
% of Total Assets	92.82%
Annual Growth Rate	15.54%
5-Year Change	0.81%
10-Year Change	96.37%
Growth Volatility	83.39

Noram Lithium Corp - Net Assets Trend (2012–2026)

This chart illustrates how Noram Lithium Corp's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see market cap of Noram Lithium Corp.

Annual Net Assets for Noram Lithium Corp (2012–2026)

The table below shows the annual net assets of Noram Lithium Corp from 2012 to 2026. Also explore net asset momentum of Noram Lithium Corp to track the company's year-over-year net asset growth rate.

Year	Net Assets	Change
2026-01-31	CA$5.44 Million ≈ $3.93 Million	-6.12%
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 3401283900.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (January 2026)

Component	Amount	Percentage
Other Components	CA$39.77 Million	731.28%
Total Equity	CA$5.44 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
Nauticus Robotics Inc. NASDAQ:KITT	$4.26 Million
CASI Pharmaceuticals Inc NASDAQ:CASI	$4.26 Million
Invibes Advertising NV PA:ALINV	$4.27 Million
Opawica Explorations Inc V:OPW	$4.27 Million
Horus AG STU:HRU	$4.26 Million
DOREL INDS INC. A F:DO4C	$4.26 Million
Alliance Pharma plc LSE:APH	$4.26 Million
Inomin Mines Inc V:MINE	$4.26 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 2025 to 2026, total equity changed from 5,792,717 to 5,437,920, a change of -354,797 (-6.1%).
Net loss of 809,797 reduced equity.
Other factors increased equity by 455,000.

Equity Change Factors (2025 to 2026)

Factor	Impact	Contribution
Net Income	CA$-809.80K	-14.89%
Other Changes	CA$455.00K	+8.37%
Total Change	CA$-	-6.12%

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: 1.07x
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 0.06x to 1.07x 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$0.07	x
2013-01-31	CA$1.08	CA$0.07	x
2014-01-31	CA$1.07	CA$0.07	x
2015-01-31	CA$0.61	CA$0.07	x
2016-01-31	CA$0.31	CA$0.07	x
2017-01-31	CA$0.27	CA$0.07	x
2018-01-31	CA$0.07	CA$0.07	x
2019-01-31	CA$0.12	CA$0.07	x
2020-01-31	CA$0.08	CA$0.07	x
2021-01-31	CA$0.09	CA$0.07	x
2022-01-31	CA$0.07	CA$0.07	x
2023-01-31	CA$0.15	CA$0.07	x
2024-01-31	CA$0.09	CA$0.07	x
2025-01-31	CA$0.06	CA$0.07	x
2026-01-31	CA$0.06	CA$0.07	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): -14.89%
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: 1.08x
Recent ROE (-14.89%) is above the historical average (-68.60%), 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
2026	-14.89%	0.00%	0.00x	1.08x	CA$-1.35 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: $36,030,955
Average return on equity (ROE) among peers: -14.60%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Noram Lithium Corp (NRM)	CA$5.44 Million	-19.97%	0.08x	$4.26 Million
Aftermath Silver Ltd (AAG)	$-31.00K	0.00%	0.00x	$170.52 Million
Aton Resources Inc (AAN)	$-1.00 Million	0.00%	0.00x	$45.18 Million
Arbor Metals Corp (ABR)	$10.98 Million	-14.09%	0.06x	$5.80 Million
Asiabasemetals Inc (ABZ)	$-637.51K	0.00%	0.00x	$2.91 Million
Adex Mining Inc (ADE)	$-5.15 Million	0.00%	0.00x	$44.09 Million
Alphamin Res (AFM)	$1.24 Million	-29.70%	0.12x	$1.30 Billion
Silver X Mining Corp (AGX)	$6.99 Million	-54.56%	0.04x	$148.73 Million
Amarc Resources Ltd. (AHR)	$1.83 Million	-2.38%	4.39x	$159.91 Million
Almonty Industries Inc (AII)	$357.81 Million	-45.25%	0.65x	$3.18 Billion
Aldebaran Resources Inc (ALDE)	$-11.72 Million	0.00%	0.00x	$382.92 Million

About Noram Lithium Corp

V:NRM Canada Other Industrial Metals & Mining

Market Cap

$4.26 Million

CA$5.88 Million CAD

Market Cap Rank

#28993 Global

#1321 in Canada

Share Price

CA$0.07

Change (1 day)

+0.00%

52-Week Range

CA$0.06 - CA$0.20

All Time High

CA$1.25