Nine Mile Metals Ltd. (NINE) Financings
CSE: NINE · Copper, Zinc · Exploration stage
- Market cap$25.2M
- Share price$0.130
- 52-week range$0.015 – $0.275
- Shares outstanding193,956,267
- ExchangeCSE
- Properties4
- Websiteninemilemetals.com
Nine Mile Metals Ltd. (CSE: NINE) (OTCQB: VMSXF) (FSE: KQ9) is a publicly listed mining company, with 4 projects in the world-famous Bathurst Mining Camp district in New Brunswick, Canada. California Lake Mineralization consists of a Cu rich base grading upwards to a Pb / Zn rich zone. Canoe Lake E&W surrounding deposit 22.8 million tons with significant geological reserves. The Wedge Project historical measured resource: 545,200T* (1.75% Cu, 1.71% Pb & 5.21% Zn) to a depth of 274 meters. EXCEPTIONAL HIGH-GRADE COPPER, LEAD, ZINC, SILVER AND GOLD
- Company Overview
- Interactive Economic Study
- Mining Data
- News
- Financials
- Management Team
- Insider Sales
- SEDAR+ Filings
Nine Mile Metals Ltd. financial statements
Key figures read from 13 of 13 financial statement filings, Feb 24, 2020 to Jan 27, 2025. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Sep 2024 | Sep 2023 | Sep 2022 | |
|---|---|---|---|
| Cash and equivalents | C$387,469 | C$446,001 | C$1,073,662 |
| Total current assets | C$469,639 | C$574,125 | C$1,195,238 |
| Total current liabilities | C$608,125 | — | — |
| Working capital | (C$138,486) | — | — |
| Exploration and evaluation assets | C$4,603,198 | C$4,374,680 | C$4,052,900 |
| Total assets | C$5,100,257 | C$4,948,805 | C$5,248,138 |
| Debt | C$191,745 | — | — |
| Total liabilities | C$622,111 | C$170,477 | C$22,004 |
| Shareholders' equity | C$4,478,146 | C$4,778,328 | C$5,226,134 |
Income statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Sep 2024 | FY Sep 2023 | FY Sep 2022 | |
|---|---|---|---|
| Exploration and evaluation expense | C$1,358,038 | C$1,534,238 | C$532,317 |
| General and administrative | C$355,071 | C$401,106 | C$285,743 |
| Share-based compensation | C$145,457 | C$144,340 | C$514,256 |
| Net income (loss) | (C$2,174,887) | (C$2,695,611) | (C$1,722,640) |
Cash flow statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Sep 2024 | FY Sep 2023 | FY Sep 2022 | |
|---|---|---|---|
| Operating cash flow | (C$1,842,537) | (C$2,291,177) | (C$1,330,509) |
| Investing cash flow | (C$50,000) | (C$80,000) | (C$85,000) |
| Financing cash flow | C$1,834,005 | C$1,743,516 | C$1,541,813 |
| Exploration spending (capitalized) | (C$50,000) | (C$80,000) | (C$85,000) |
| Proceeds from share issues | C$1,653,915 | C$1,710,296 | C$1,581,813 |
| Change in cash | (C$58,532) | (C$627,661) | C$126,304 |
| Cash at end of period | C$387,469 | C$446,001 | C$1,073,662 |
Nine Mile Metals Ltd. financings
1 financing announced or closed by Nine Mile Metals Ltd., read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2026-04-17 | Nine Mile Metals Ltd. (NINE) | Flow-through, non-brokered | Closed, 1 tranche | $1.0M | $0.140 | Nine Mile Metals Announces Private Placement of up to $1 Million |
Nine Mile Metals Ltd. debt and credit facilities
Convertible debentures and notes, loans, credit facilities, bonds, gold loans and prepayments Nine Mile Metals Ltd. has announced, read by Mining News Terminal. A debt reported in several releases is listed once, at its latest stage.
| Date | Debt | Lender | Amount | Terms |
|---|---|---|---|---|
| 2023-12-15 | Convertible note / loan, closed / funded | — | C$201,000 | 15% |
Related lists
- Copper stocks
- CSE copper stocks
- Copper explorers
- Canada copper stocks
- New Brunswick mining stocks
- Canada mining stocks
- CSE mining stocks