Western Alaska Minerals Corp (WAM) - Net Assets
Based on the latest financial reports, Western Alaska Minerals Corp (WAM) has net assets worth CA$2.30 Million CAD (≈ $1.67 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 (CA$8.65 Million ≈ $6.26 Million USD) and total liabilities (CA$6.35 Million ≈ $4.59 Million 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 tangible net worth ratio of Western Alaska Minerals Corp to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$2.30 Million |
| % of Total Assets | 26.62% |
| Annual Growth Rate | 38.12% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 28.1 |
Western Alaska Minerals Corp - Net Assets Trend (2020–2024)
This chart illustrates how Western Alaska Minerals Corp's net assets have evolved over time, based on quarterly financial data. See how many days can Western Alaska Minerals Corp fund operations to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Western Alaska Minerals Corp (2020–2024)
The table below shows the annual net assets of Western Alaska Minerals Corp from 2020 to 2024. For live valuation and market cap data, see Western Alaska Minerals Corp stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$32.21 Million ≈ $23.30 Million |
+13.71% |
| 2023-12-31 | CA$28.32 Million ≈ $20.49 Million |
+16.28% |
| 2022-12-31 | CA$24.36 Million ≈ $17.62 Million |
+82.26% |
| 2021-12-31 | CA$13.36 Million ≈ $9.67 Million |
+51.02% |
| 2020-12-31 | CA$8.85 Million ≈ $6.40 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Western Alaska 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 1291842500.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CA$45.75 Million | 142.06% |
| Total Equity | CA$32.21 Million | 100.00% |
Western Alaska Minerals Corp Competitors by Market Cap
The table below lists competitors of Western Alaska Minerals Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Good Way Technology Co Ltd
TWO:3272
|
$31.71 Million |
|
JFB Construction Holdings Class A Common Stock
NASDAQ:JFB
|
$31.72 Million |
|
Nirvana Daii Public Company Limited
BK:NVD
|
$31.75 Million |
|
Mount Logan Capital Inc. Common Stock
NASDAQ:MLCI
|
$31.78 Million |
|
Offerpad Solutions Inc
NYSE:OPAD
|
$31.70 Million |
|
Mirae Asset Maps Reit 1 Co Ltd
KO:357250
|
$31.66 Million |
|
United-Guardian Inc
NASDAQ:UG
|
$31.65 Million |
|
Shanghai Material Trading Co Ltd B
SHG:900927
|
$31.64 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Western Alaska Minerals Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 28,322,564 to 32,205,641, a change of 3,883,077 (13.7%).
- Net loss of 3,305,017 reduced equity.
- New share issuances of 5,865,837 increased equity.
- Other factors increased equity by 1,322,257.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$-3.31 Million | -10.26% |
| Share Issuances | CA$5.87 Million | +18.21% |
| Other Changes | CA$1.32 Million | +4.11% |
| Total Change | CA$- | 13.71% |
Book Value vs Market Value Analysis
This analysis compares Western Alaska 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: 1.39x
- 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 |
|---|---|---|---|
| 2020-12-31 | CA$0.00 | CA$0.69 | x |
| 2021-12-31 | CA$1.08 | CA$0.69 | x |
| 2022-12-31 | CA$0.53 | CA$0.69 | x |
| 2023-12-31 | CA$0.56 | CA$0.69 | x |
| 2024-12-31 | CA$0.50 | CA$0.69 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Western Alaska Minerals Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -10.26%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.10x
- Recent ROE (-10.26%) is above the historical average (-11.27%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 0.00% | 0.00% | 0.00x | 0.00x | CA$-161.02K |
| 2021 | -20.27% | 0.00% | 0.00x | 1.27x | CA$-4.05 Million |
| 2022 | -10.44% | 0.00% | 0.00x | 1.14x | CA$-4.98 Million |
| 2023 | -15.40% | 0.00% | 0.00x | 1.13x | CA$-7.19 Million |
| 2024 | -10.26% | 0.00% | 0.00x | 1.10x | CA$-6.53 Million |
Industry Comparison
This section compares Western Alaska Minerals Corp's net assets metrics with peer companies in the Other Precious Metals & Mining industry.
Industry Context
- Industry: Other Precious Metals & Mining
- Average net assets among peers: $8,968,473
- Average return on equity (ROE) among peers: -5058.15%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Western Alaska Minerals Corp (WAM) | CA$2.30 Million | 0.00% | 2.76x | $31.70 Million |
| AbraSilver Resource Corp. (ABRA) | $400.64K | -52.81% | 0.13x | $1.85 Billion |
| Archon Minerals Ltd (ACS) | $31.39K | -50144.47% | 2027.88x | $3.15 Million |
| Arctic Star Exploration Corp (ADD) | $1.35 Million | -152.13% | 0.40x | $1.73 Million |
| Adyton Resources Corp (ADY) | $14.98 Million | 5.60% | 0.05x | $71.75 Million |
| Adamera Minerals Corp. (ADZ) | $4.33 Million | -30.35% | 0.10x | $5.10 Million |
| Austral Gold Ltd (AGLD) | $14.37 Million | -188.43% | 4.16x | $65.15 Million |
| Clean Air Metals Inc (AIR) | $23.22 Million | -5.48% | 0.17x | $11.78 Million |
| Alpha Exploration Ltd (ALEX) | $7.30 Million | -10.62% | 0.17x | $37.20 Million |
| American Creek Resources Ltd (AMK) | $12.62 Million | 7.02% | 0.02x | $54.98 Million |
| Azucar Minerals Ltd (AMZ) | $11.08 Million | -9.78% | 0.02x | $4.54 Million |
About Western Alaska Minerals Corp
Alaska Silver Corp. engages in the acquisition, exploration, and evaluation of mineral properties in the United States. The company primarily explores for gold, silver, molybdenum, copper, lead, and zinc deposits. The company was formerly known as Western Alaska Minerals Corp. and changed its name to Alaska Silver Corp. in April 2025. Alaska Silver Corp. is headquartered in Tucson, Arizona.