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Company ProfileNine Mile Metals Ltd.
  • Company Overview
  • FRC Research
  • Financial Data
  • Peer Comparison
  • Ownership & News
  • Discussion
NINE.CN
Nine Mile Metals Ltd. Stock AnalysisComprehensive stock analysis for Nine Mile Metals Ltd. (NINE.CN) including live price, Snowflake performance metrics, financial statements, and investment research.Stock AnalysisNINE.CN
NINE.CN
Nine Mile Metals Ltd.
  • Company Overview
  • FRC Research
  • Financial Data
  • Peer Comparison
  • Ownership & News
  • Discussion
NINE.CN
Home🔹Stocks🔹Nine Mile Metals Ltd.

Nine Mile Metals Ltd.

FRC Coverage
🇨🇦NINE.CN•CNQ

Nine Mile Metals Ltd.

FRC Coverage
🇨🇦NINE.CN•CNQ
Sentiment

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Company Overview

Overview

What the company does, where it operates, and who runs it.

*Nine Mile Metals Ltd. has paid FRC a fee for research coverage and distribution of reports.

About Nine Mile Metals Ltd.

Industry
Other Precious Metals
Sector
Basic Materials
CEO
Patrick John Cruickshank
Headquarters
CA
Industry
Other Precious Metals
Sector
Basic Materials
CEO
Patrick John Cruickshank
Headquarters
CA
Description

Nine Mile Metals Ltd. is focused on VMS (Cu, Pb, Zn, Ag and Au) exploration in the world-famous Bathurst Mining Camp, New Brunswick, Canada. The Company’s primary business objective is to explore its four VMS Projects: Nine Mile Brook VMS Project; California Lake VMS Project; Canoe Landing Lake (East – West) Project and the Wedge VMS Project.

The Company is focused on exploration of Minerals for Technology (MFT), positioning for the boom in EV and green technologies requiring Copper, Silver, Lead and Zinc with a hedge with Gold.

FRC Research
Buy
Fair Value Estimate
CAD$0.37

Shares Surge as Drilling Reveals Bigger Potential

Report · Oct 14, 2026

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FRC Research
Buy
Fair Value Estimate
CAD$0.37

Shares Surge as Drilling Reveals Bigger Potential

Report · Oct 14, 2026

Sign in to view

FRC Research

Research Reports

FRC analyst coverage and recommendations.

Analyst Notes

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Media

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Financial Data

Stock Data

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Fair Value

What FRC thinks it is worth vs. the current price.

FRC's fair value estimate for Nine Mile Metals Ltd., and the rating behind it. NINE.CN last traded at C$0.22; the estimate is read against that market price. FRC analysts run the firm's valuation model across the companies on this platform to estimate what each one is worth, rather than republishing a consensus average. Shows the current estimate, our rating, and when it was last revised. A free account covers 7 company valuations a month; a paid subscription is unlimited.

Financial Ratios

Profitability, returns, valuation, and leverage ratios.

Valuation, profitability, liquidity and leverage ratios for Nine Mile Metals Ltd.. Starting points for Nine Mile Metals Ltd.: EPS -C$0.01, beta 1.07 — an Other Precious Metals name. P/E, P/B, EV/EBITDA, margins, return on equity, current ratio and debt coverage, each shown against the company's own history.

Dividend Analysis

Yield, payout ratio, and dividend coverage metrics.

Dividend history, yield and payout sustainability for Nine Mile Metals Ltd.. Nine Mile Metals Ltd. does not currently pay a regular dividend, so this section tracks capacity rather than history. Per-share payments, yield over time, payout ratio and growth streak, with coverage measured against free cash flow.

Earnings Analysis

EPS history, beat rate, and upcoming earnings reports.

Reported vs. expected earnings history for Nine Mile Metals Ltd.. Trailing twelve-month EPS for Nine Mile Metals Ltd. stands at -C$0.01. EPS surprises by quarter, revenue against estimates, and the upcoming reporting date.

Financial Statements

Income statement, balance sheet, and cash flow statements.

Income statement, balance sheet and cash flow history for Nine Mile Metals Ltd.. Annual and quarterly filings with period-over-period comparison, so you can trace how revenue, margins and cash generation have moved.

Peer Comparison

Comparables

List of peer companies in the same industry.

Nine Mile Metals Ltd. valued side by side against its closest peers. Nine Mile Metals Ltd. is measured against Other Precious Metals peers within the Basic Materials sector. Peer-relative multiples and operating metrics, so the valuation is read in the context of its own sector rather than in isolation.

Ownership & News

News

Latest headlines and market coverage.

Latest headlines and company announcements for Nine Mile Metals Ltd.. Coverage tracks Nine Mile Metals Ltd. within Other Precious Metals (Basic Materials). Press releases and market coverage, newest first.

Discussion

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Peer companies

  • ADZ.VAdamera Minerals Corp.
  • BBB.VBrixton Metals Corporation
  • BRC.VBlackrock Silver Corp.
  • DEC.VDecade Resources Ltd.
  • ELEM.CNElement79 Gold Corp.
  • ENDR.VEnduro Metals Corporation
  • HML.CNHeritage Mining Ltd.
  • MMG.VMetallic Minerals Corp.

More Other Precious Metals companies

  • PNTRFPantera Silver Corp.
  • POD.AXPodium Minerals Limited
  • POL.AXPolymetals Resources Ltd
  • PPTAPerpetua Resources Corp.
  • PPTA.TOPerpetua Resources Corp.
  • PR1.AXPure Resources Limited
  • PRIZ.CNPrismo Metals Inc.
  • PRMOProm Resources, Inc.
  • PRN.AXPerenti Limited
  • PRR.CNProspect Ridge Resources Corp.
  • PRRSFProspect Ridge Resources Corp.
  • PTAMPotash America, Inc.

Research Reports

2 reports

*Nine Mile Metals Ltd. has paid FRC a fee for research coverage and distribution of reports.

Oct 14, 2026

Shares Surge as Drilling Reveals Bigger Potential

Shares are up 50% since our initiating report in April 2026, vs -28% for the Sprott Critical Materials ETF.

Thumbnail for Shares Surge as Drilling Reveals Bigger Potential
Apr 22, 2026

High-Grades + Glencore Collaboration + A Speculative M&A Play – Initiating Coverage

Nine Mile Metals Ltd. achieved 13.71% CuEq over 15.10 m at Nine Mile Brook, highlighting its strong copper focus and collaboration with Glencore.

Thumbnail for High-Grades + Glencore Collaboration + A Speculative M&A Play – Initiating Coverage
8 notes

*Nine Mile Metals Ltd. has paid FRC a fee for research coverage and distribution of reports.

Oct 26, 2026· 1 week agoLatest

Company announcement

Drilling Strengthens Resource Expansion Potential

FRC Analyst's Comment

NINE announced additional promising drill results at its Wedge project in New Brunswick, intersecting high-grade copper equivalent (CuEq) mineralization containing silver, gold, lead, and zinc. The hole also encountered copper mineralization above the main high-grade zone, suggesting the deposit may extend beyond the currently defined mineralized area.

Source: FRC / Nine Mile Metals

Wedge is a former copper-lead-zinc producer. Recent drilling suggests grades could average between 2% and 3% CuEq, well above the typical 0.5%–1.0% grades of global copper mines. These higher grades could support superior project economics. We believe the latest results strengthen the potential to expand mineral resources. Upcoming catalysts include further drilling, electromagnetic surveys to potentially identify additional mineralization, and a maiden resource estimate in the coming weeks.

Aug 31, 2026· 2 months ago

Company announcement

Strong Drilling Highlights Wedge’s Multi-Metal Potential

FRC Analyst's Comment

NINE reported strong polymetallic drill results from its ongoing 10,000 m program at the historic Wedge mine in New Brunswick. One hole intersected 42.9 m across two mineralized lenses, including 9.9 m at 2.10% copper-equivalent (CuEq), and 24.0 m at 2.77%, including 9.2 m at 4.14%. A step-out hole expanded the mineralized footprint westward, returning 31.9 m at 2.52%, including 14.2 m at 3.73%. These broad, high-grade intervals are at the upper end of the typical 1.5%–3.5% range for such deposits (VMS), and contain copper, silver, gold, zinc and lead.

Wedge is one of four projects NINE controls in the Bathurst Mining Camp, a highly prospective VMS district. The results point to a potentially large, multi-metal system, and will be incorporated into an updated NI 43-101 resource estimate, providing a near-term catalyst for resource growth.

Aug 17, 2026· 2 months ago

Company announcement

High-Grade VMS Intercept Supports Further Resource Growth

FRC Analyst's Comment

The latest hole from the ongoing drill program at the historic Wedge mine intersected a large, high-grade lens, a positive development as Nine Mile continues to delineate a potential volcanogenic massive sulfide (VMS) system on the project. VMS deposits are known for producing copper, silver, zinc, lead, and gold, and can support long mine lives.

Highlights include 24.55 m averaging 3.49% copper-equivalent (CuEq), including higher-grade intervals of 16.50 m at 4.03%, and 6.50 m at 5.22%. These grades are at the upper end of typical VMS deposits, which generally range from 1.5% to 3.5% CuEq, while the broad intercept also expands the known mineralized footprint. Grades are supported by all five metals, highlighting the project’s multi-metal potential. The results will be incorporated into an updated NI 43-101 resource estimate, providing an important catalyst.

Overall, we view the intercept as a materially positive result that supports further expansion and resource growth at Wedge. The Wedge property is one of four projects controlled by Nine Mile in the Bathurst Mining Camp in New Brunswick, one of the world’s most prospective regions for VMS deposits.

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