Nine Mile Metals Ltd. (C:NINE)
Business Focus: Diversified Mining
| Sector: Basic Materials | Industry: Diversified Mining |
| Company Contact | |
| Address: | 350 - 1650 West 2nd Avenue, Null VANCOUVER BC V6J 1H4 |
| Tel: | N/A |
| Website: | https://ninemilemetals.com |
| IR: | See website |
| Key People | ||
| N/A | ||
| Business Overview |
| Nine Mile Metals Ltd. is a Canada-based mineral exploration company. It is focused on critical mineral exploration (CME) of volcanic massive sulfide (VMS) (Cu, Pb, Zn, Ag and Au) exploration in the Bathurst Mining Camp, New Brunswick, Canada. It is engaged in exploration of its four VMS projects: Nine Mile Brook VMS; California Lake VMS; Canoe Landing Lake (East-West) VMS and the Wedge VMS Projects. The Nine Mile Brook property covers over 43.98 square kilometers (km2) and is located 10 kilometers southwest of the Brunswick 12 mine. The California Lake VMS Project covers 31.16 km2 and is located north of the Canoe Landing Lake Project and includes a section of the highly prospective Spruce Lake Formation. Its Canoe Landing Lake (East-West) VMS Project covers 10.82 km2 and has nine occurrences/deposits, which is located three km northwest of Canoe Landing Lake. It owns additional 5.06 square kms and 23 claim units adjacent to its California Lake VMS Project. |
| Financial Overview |
| For the three months ended 31 December 2023, Nine Mile Metals Ltd revenues was not reported. Net loss decreased 37% to C$451K. Lower net loss reflects Mineral exploration costs decrease of 46% to C$249K (expense), Consulting fees decrease of 79% to C$23K (expense), Office and miscellaneous decrease of 76% to C$8K (expense). Basic Earnings per Share excluding Extraordinary Items remained flat at -C$0.01. |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $5.39M as of Dec 31, 2023 |
| Annual revenue (TTM): | $0.00M as of Dec 31, 2023 |
| EBITDA (TTM): | -$2.44M as of Dec 31, 2023 |
| Net annual income (TTM): | -$2.43M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$2.00M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 72,922,355 as of Mar 4, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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