NEXM

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NexMetals Mining Corp.

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Key Metrics

Previous Close: $2.31
52-Week Range: $2.03 – $6.65
Market Cap: $80.56M
P/E (TTM): —
EPS (TTM): -1.18
Dividend Yield: —

Advanced Metrics

Price/Book: 1.81
PEG Ratio: —
Return on Equity: -104.29%
Return on Assets: -51.10%
Gross Margin: 0.00%
Operating Margin: 0.00%
Profit Margin: 0.00%
Current Ratio: 5.16
Debt/Equity: 0.02
Total Debt: $1.42M
Free Cash Flow: $-61.75M
Revenue Growth: —
Earnings Growth: —
Enterprise Value: $66.84M

NEXM Income statement, annual periods, in CAD
CAD	FY2022	FY2023	FY2024	FY2025
Revenue	$0.00	$0.00	$0.00	$0.00
Cost of Revenue	$96.54K	$744.78K	$1.58M	$2.07M
Gross Profit	-$96.54K	-$744.78K	-$1.58M	-$2.07M
Selling, General & Admin	$15.66M	$6.45M	$7.47M	$7.68M
Operating Expenses	$15.75M	$29.31M	$37.48M	$48.77M
Operating Income	-$15.84M	-$30.05M	-$39.06M	-$50.84M
EBITDA	-$35.80M	-$29.58M	-$37.73M	-$56.59M
Pretax Income	-$36.41M	-$32.90M	-$42.42M	-$59.09M
Income Tax	$0.00	-$524.53K	$0.00	—
Net Income	-$36.41M	-$32.38M	-$42.42M	-$59.09M
Diluted EPS	-6.80	-5.00	-5.02	-2.86
Diluted Shares	5.48M	6.43M	8.45M	20.65M

NEXM Balance Sheet statement, annual periods, in CAD
CAD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$5.16M	$19.25M	$6.11M	$39.78M
Receivables	$804.63K	$532.84K	$972.02K	$5.66M
Current Assets	$6.44M	$20.68M	$7.62M	$46.48M
Total Assets	$41.66M	$37.97M	$24.95M	$98.52M
Current Liabilities	$12.46M	$5.89M	$4.21M	$9.96M
Long-Term Debt	$164.64K	$18.19M	$19.09M	$1.23M
Total Debt	$9.97M	$19.80M	$19.23M	$1.62M
Total Liabilities	$14.47M	$28.23M	$28.40M	$15.57M
Retained Earnings	-$78.09M	-$104.57M	-$146.99M	-$206.07M
Shareholders' Equity	$27.19M	$9.75M	-$3.45M	$82.95M
Working Capital	-$6.02M	$14.79M	$3.41M	$36.52M
Net Debt	$2.07M	—	$13.12M	—

NEXM Cash Flow statement, annual periods, in CAD
CAD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	-$5.52M	-$29.46M	-$37.60M	-$47.58M
Capital Expenditure	-$29.66M	-$4.77M	-$1.02M	-$2.79M
Free Cash Flow	-$35.18M	-$34.23M	-$38.62M	-$50.37M
Depreciation & Amortisation	$96.54K	$744.78K	$1.58M	$2.07M
Stock-Based Compensation	$8.03M	$1.46M	$2.98M	$3.44M
Investing Cash Flow	-$18.61M	-$5.25M	-$1.02M	-$37.23M
Financing Cash Flow	$28.77M	$50.14M	$25.35M	$119.68M
Dividends Paid	$0.00	$0.00	—	—
Net Change in Cash	$4.65M	$15.42M	-$13.28M	$34.88M

NEXM Income statement, quarterly periods, in CAD
CAD	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Revenue	$0.00	$0.00	$0.00	$0.00	$0.00
Cost of Revenue	$492.79K	$635.83K	$431.32K	$494.32K	$507.35K
Gross Profit	-$492.79K	-$635.83K	-$431.32K	-$494.32K	-$507.35K
Selling, General & Admin	-$251.63K	$1.66M	$2.16M	$2.10M	$1.75M
Operating Expenses	$10.80M	$8.01M	$14.43M	$14.51M	$11.82M
Operating Income	-$11.29M	-$8.64M	-$14.87M	-$15.00M	-$12.33M
EBITDA	-$10.02M	-$14.16M	-$14.66M	-$15.51M	-$12.26M
Pretax Income	-$11.27M	-$15.23M	-$15.09M	-$16.00M	-$12.76M
Net Income	-$11.27M	-$15.23M	-$15.09M	-$16.00M	-$12.76M
Diluted EPS	—	-1.40	-0.70	-0.75	—
Diluted Shares	—	11.18M	21.45M	21.45M	—

NEXM Balance Sheet statement, quarterly periods, in CAD
CAD	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Cash & Equivalents	$45.47M	$26.46M	$14.12M	$39.78M	$26.22M
Receivables	$738.37K	$1.44M	$1.35M	$5.66M	$979.50K
Current Assets	$46.70M	$29.37M	$16.50M	$46.48M	$30.47M
Total Assets	$63.78M	$47.05M	$34.04M	$98.52M	$81.09M
Current Liabilities	$7.26M	$5.50M	$6.53M	$9.96M	$3.95M
Long-Term Debt	$79.39K	$161.76K	$1.31M	$1.23M	$1.10M
Total Debt	$216.45K	$342.71K	$1.70M	$1.62M	$1.47M
Total Liabilities	$12.20M	$10.50M	$12.40M	$15.57M	$9.39M
Retained Earnings	-$162.22M	-$177.30M	-$193.31M	-$206.07M	-$216.70M
Shareholders' Equity	$51.59M	$36.56M	$21.64M	$82.95M	$71.70M
Working Capital	$39.43M	$23.88M	$9.97M	$36.52M	$26.52M

NEXM Cash Flow statement, quarterly periods, in CAD
CAD	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Operating Cash Flow	-$6.29M	-$15.39M	-$13.42M	-$12.47M	-$12.20M
Capital Expenditure	-$50.03K	-$1.46M	-$170.98K	-$1.11M	-$768.50K
Free Cash Flow	-$6.34M	-$16.85M	-$13.59M	-$13.58M	-$12.97M
Depreciation & Amortisation	$635.83K	$431.32K	$494.32K	$507.35K	$589.09K
Stock-Based Compensation	$1.03M	$928.58K	$696.41K	$788.23K	$900.06K
Investing Cash Flow	-$50.03K	-$1.46M	-$170.98K	-$35.55M	-$768.50K
Financing Cash Flow	$45.57M	-$1.85M	$1.39M	$74.58M	-$266.20K
Net Change in Cash	$39.22M	-$18.70M	-$12.20M	$26.55M	-$13.24M

Market Snapshot

About

NexMetals Mining is a mineral exploration company focused on gold projects in Australia. The company explores and develops precious metals deposits, conducting drilling programs and resource estimates. NexMetals aims to advance exploration properties toward production or joint venture partnerships with larger mining operators.