NASDAQ : NEXM
NexMetals Mining Corp. — Financial statements
Materials · Other Industrial Metals & Mining · Canada
Last price 1.41 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 50.26M
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Financial statements
Income statement
Fiscal year January - December; amounts in CAD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Selling, General & Admin | 8.83M | 8.91M | 8.64M | 5.65M | 7.63M | 1.74M |
| Operating Expenses | 47.65M | 47.29M | 38.91M | 30.05M | 15.84M | 3.00M |
| Operating Income | -47.65M | -47.29M | -38.91M | -30.05M | -15.84M | -3.00M |
| Interest Expense | -428.37K | -3.11M | -2.58M | -510.64K | -2.51K | |
| Interest & Investment Income | 434.18K | 437.64K | 114.11K | |||
| Currency Exchange Gain (Loss) | -597.52K | -839.86K | -408.09K | -395.02K | 143.78K | -13.31K |
| Other Non Operating Income (Expenses) | -3.44M | -4.98M | -109.93K | 128.11K | 8.97M | -6.35M |
| EBT Excluding Unusual Items | -51.26M | -53.10M | -42.42M | -32.90M | -7.24M | -9.36M |
| Merger & Restructuring Charges | -29.17M | |||||
| Other Unusual Items | -5.98M | |||||
| Pretax Income | -51.26M | -59.09M | -42.42M | -32.90M | -36.41M | -9.36M |
| Income Tax Expense | -524.53K | |||||
| Net Income | -51.26M | -59.09M | -42.42M | -32.38M | -36.41M | -9.36M |
| Net Income to Common | -51.26M | -59.09M | -42.42M | -32.38M | -36.41M | -9.36M |
| Shares Outstanding (Basic) | 30.27M | 20.65M | 8.45M | 6.43M | 5.48M | 3.61M |
| Shares Outstanding (Diluted) | 30.27M | 20.65M | 8.45M | 6.43M | 5.48M | 3.61M |
| EPS (Basic) | -1.69 | -2.86 | -5.02 | -5.04 | -6.64 | -2.59 |
| EPS (Diluted) | -1.69 | -2.86 | -5.02 | -5.04 | -6.64 | -2.59 |
| Free Cash Flow | -83.51M | -84.81M | -38.62M | -34.72M | -35.18M | -4.55M |
| Free Cash Flow Per Share | -2.76 | -4.11 | -4.57 | -5.40 | -6.42 | -1.26 |
| EBITDA | -44.99M | -44.72M | -37.33M | -29.31M | -15.80M | |
| D&A For EBITDA | 2.66M | 2.57M | 1.58M | 744.78K | 45.42K | |
| EBIT | -47.65M | -47.29M | -38.91M | -30.05M | -15.84M | -3.00M |
Balance sheet
Fiscal year January - December; amounts in CAD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 16.96M | 39.78M | 6.11M | 19.25M | 5.16M | 1.99M |
| Cash & Short-Term Investments | 16.96M | 39.78M | 6.11M | 19.25M | 5.16M | 1.99M |
| Other Receivables | 999.92K | 5.66M | 972.02K | 532.84K | 804.63K | 139.63K |
| Receivables | 999.92K | 5.66M | 972.02K | 532.84K | 804.63K | 139.63K |
| Prepaid Expenses | 776.98K | 1.04M | 540.29K | 900.31K | 470.73K | 8.66K |
| Total Current Assets | 18.73M | 46.48M | 7.62M | 20.68M | 6.44M | 2.14M |
| Property, Plant & Equipment | 51.99M | 52.04M | 17.34M | 17.30M | 35.22M | 3.10M |
| Total Assets | 70.73M | 98.52M | 24.95M | 37.97M | 41.66M | 5.24M |
| Accounts Payable | 1.68M | 7.15M | 3.89M | 2.38M | 3.66M | 218.46K |
| Accrued Expenses | 1.55M | 2.38M | 177.60K | 1.80M | 321.96K | 136.13K |
| Short-Term Debt | 7.07M | |||||
| Current Portion of Long-Term Debt | 374.59K | 393.12K | 136.94K | |||
| Current Portion of Leases | 1.61M | 1.37M | ||||
| Other Current Liabilities | 24.14K | 40.44K | 93.80K | 43.23K | 225.90K | |
| Total Current Liabilities | 3.63M | 9.96M | 4.21M | 5.89M | 12.46M | 580.49K |
| Long-Term Debt | 1.05M | 1.23M | 19.09M | 18.19M | 164.64K | |
| Long-Term Leases | 1.37M | |||||
| Other Long-Term Liabilities | 4.31M | 4.38M | 5.10M | 4.14M | 475.94K | 8.97M |
| Total Liabilities | 8.99M | 15.57M | 28.40M | 28.23M | 14.47M | 9.56M |
| Common Stock | 91.14M | 7.95M | ||||
| Additional Paid-In Capital | 293.29M | 291.86M | 145.03M | 116.07M | ||
| Retained Earnings | -228.56M | -206.07M | -146.99M | -104.57M | -78.09M | -13.48M |
| Comprehensive Income & Other | -3.03M | -2.87M | -1.52M | -1.79M | 14.11M | 1.21M |
| Total Common Equity | 61.71M | 82.92M | -3.48M | 9.71M | 27.16M | -4.32M |
| Shareholders' Equity | 61.74M | 82.95M | -3.45M | 9.75M | 27.19M | -4.32M |
| Total Liabilities & Equity | 70.73M | 98.52M | 24.95M | 37.97M | 41.66M | 5.24M |
| Total Debt | 1.42M | 1.62M | 19.23M | 19.80M | 9.97M | |
| Net Cash (Debt) | 15.53M | 38.16M | -13.12M | -558.06K | -4.80M | 1.99M |
| Net Cash Per Share | 0.51 | 1.85 | -1.55 | -0.09 | -0.88 | 0.55 |
| Filing Date Shares Outstanding | 35.65M | 35.51M | 21.45M | 7.47M | 6.05M | 3.25M |
| Total Common Shares Outstanding | 35.65M | 35.50M | 9.29M | 7.47M | 5.83M | 3.25M |
| Working Capital | 15.10M | 36.52M | 3.41M | 14.79M | -6.02M | 1.56M |
| Book Value Per Share | 1.73 | 2.34 | -0.37 | 1.30 | 4.66 | -1.33 |
| Tangible Book Value | 61.71M | 82.92M | -3.48M | 9.71M | 27.16M | -4.32M |
| Tangible Book Value Per Share | 1.73 | 2.34 | -0.37 | 1.30 | 4.66 | -1.33 |
| Machinery | 1.73M | 1.70M | 1.36M | 1.16M | 413.79K |
Cash flow statement
Fiscal year January - December; amounts in CAD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -51.26M | -59.09M | -42.42M | -32.38M | -36.41M | -9.36M |
| Depreciation & Amortization | 2.66M | 2.57M | 1.58M | 744.78K | 96.54K | |
| Stock-Based Compensation | 2.80M | 3.14M | 2.98M | 1.46M | 8.03M | 1.26M |
| Other Operating Activities | -256.19K | 5.92M | 415.13K | 700.05K | 20.45M | 6.35M |
| Change in Accounts Payable | -2.10M | 4.98M | 197.43K | 254.43K | 3.45M | 419.33K |
| Change in Other Net Operating Assets | 1.17M | -5.11M | -348.65K | -241.32K | -1.13M | -121.24K |
| Operating Cash Flow | -46.98M | -47.58M | -37.60M | -29.46M | -5.52M | -1.45M |
| Capital Expenditures | -36.53M | -37.23M | -1.02M | -5.25M | -29.66M | -3.10M |
| Cash Acquisitions | 11.05M | |||||
| Investing Cash Flow | -36.53M | -37.23M | -1.02M | -5.25M | -18.61M | -3.10M |
| Short-Term Debt Issued | 6.74M | |||||
| Long-Term Debt Issued | 1.46M | 19.61M | 164.64K | |||
| Total Debt Issued | 1.38M | 1.46M | 19.61M | 6.90M | ||
| Short-Term Debt Repaid | -7.00M | |||||
| Long-Term Debt Repaid | -79.79K | -1.79M | -2.36M | |||
| Total Debt Repaid | -345.60K | -79.79K | -1.79M | -9.36M | ||
| Net Debt Issued (Repaid) | 1.03M | 1.38M | -1.79M | 10.25M | 6.90M | |
| Issuance of Common Stock | 80.00M | 126.00M | 27.50M | 39.95M | 23.40M | 6.77M |
| Other Financing Activities | -5.46M | -7.70M | -358.75K | -58.23K | -1.54M | -287.23K |
| Financing Cash Flow | 75.57M | 119.68M | 25.35M | 50.14M | 28.77M | 6.48M |
| Foreign Exchange Rate Adjustments | -1.57M | -1.20M | 135.33K | -1.34M | -1.47M | -48.91K |
| Net Cash Flow | -9.51M | 33.67M | -13.14M | 14.08M | 3.17M | 1.88M |
| Free Cash Flow | -83.51M | -84.81M | -38.62M | -34.72M | -35.18M | -4.55M |
| Free Cash Flow Per Share | -2.76 | -4.11 | -4.57 | -5.40 | -6.42 | -1.26 |
| Levered Free Cash Flow | -62.09M | -61.03M | -23.98M | -23.35M | -29.44M | |
| Unlevered Free Cash Flow | -62.09M | -60.76M | -22.03M | -21.74M | -29.12M | |
| Cash Interest Paid | 114.83K | 342.97K | 2.21M | 1.63M | ||
| Change in Working Capital | -931.99K | -124.81K | -151.22K | 13.11K | 2.32M | 298.08K |
Ratios
Fiscal year January - December; amounts in CAD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 47.06M | 138.82M | 55.62M | 139.35M | 138.83M | |
| Enterprise Value | 36.12M | 129.92M | 49.70M | 143.90M | 136.73M | |
| Last Close Price | 1.32 | 3.91 | 5.99 | 18.67 | 23.94 | |
| PB Ratio | 1.08 | 2.29 | -23.22 | 18.88 | 6.91 | |
| P/TBV Ratio | 1.08 | 2.29 | 18.94 | 6.92 | ||
| Debt / Equity Ratio | 0.02 | 0.02 | -5.58 | 2.03 | 0.37 | |
| Net Debt / Equity Ratio | -0.25 | -0.46 | -3.81 | 0.06 | 0.18 | 0.46 |
| Net Debt / EBITDA Ratio | 0.34 | 0.85 | -0.35 | -0.02 | -0.30 | |
| Net Debt / FCF Ratio | 0.19 | 0.45 | -0.34 | -0.02 | -0.14 | 0.44 |
| Quick Ratio | 4.94 | 4.56 | 1.68 | 3.36 | 0.48 | 3.67 |
| Current Ratio | 5.16 | 4.67 | 1.81 | 3.51 | 0.52 | 3.68 |
| Return on Equity (ROE) | -104.29% | -148.64% | -1,346.97% | -175.32% | -318.39% | |
| Return on Assets (ROA) | -50.57% | -47.88% | -77.28% | -47.18% | -42.23% | |
| Return on Capital Employed (ROCE) | -71.00% | -53.40% | -187.50% | -93.70% | -54.30% | -64.40% |
| Earnings Yield | -90.33% | -31.04% | -53.01% | -17.59% | -19.38% | |
| FCF Yield | -127.07% | -44.56% | -48.26% | -18.87% | -18.72% | |
| Buyback Yield / Dilution | -136.26% | -144.48% | -31.46% | -17.19% | -51.89% |