First Nordic Metals Balance Sheet Health

Financial Health criteria checks 5/6

First Nordic Metals has a total shareholder equity of CA$5.1M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$7.1M and CA$2.0M respectively.

Key information

Debt to equity ratio

CA$0

Debt

Interest coverage ratio	n/a
Cash	CA$568.77k
Equity	CA$5.09m
Total liabilities	CA$1.99m
Total assets	CA$7.09m

Recent financial health updates

Recent updates

We're Hopeful That Barsele Minerals (CVE:BME) Will Use Its Cash Wisely

Mar 14

Companies Like Barsele Minerals (CVE:BME) Are In A Position To Invest In Growth

Nov 22

Will Barsele Minerals (CVE:BME) Spend Its Cash Wisely?

Nov 16

Companies Like Barsele Minerals (CVE:BME) Are In A Position To Invest In Growth

Aug 03

Financial Position Analysis

Short Term Liabilities: FNM's short term assets (CA$866.7K) do not cover its short term liabilities (CA$2.0M).

Long Term Liabilities: FNM has no long term liabilities.

Debt to Equity History and Analysis

Debt Level: FNM is debt free.

Reducing Debt: FNM has not had any debt for past 5 years.

Balance Sheet

Cash Runway Analysis

For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: FNM has sufficient cash runway for 3 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: FNM is forecast to have sufficient cash runway for 2 months based on free cash flow estimates, but has since raised additional capital.

First Nordic Metals Balance Sheet Health

Financial Health criteria checks 5/6

Key information

Recent financial health updates

We're Hopeful That Barsele Minerals (CVE:BME) Will Use Its Cash Wisely

Companies Like Barsele Minerals (CVE:BME) Are In A Position To Invest In Growth

Will Barsele Minerals (CVE:BME) Spend Its Cash Wisely?

Companies Like Barsele Minerals (CVE:BME) Are In A Position To Invest In Growth

Recent updates

First Nordic Metals Corp. announced that it expects to receive CAD 10.00032 million in funding

First Nordic Metals Corp. Announces Commences Base-of-Till Drilling Program at Klippen Project on Gold Line Belt, Sweden

First Nordic Metals Corp. Announces Appointment of Jeffery Couch to Its Board of Directors

First Nordic Metals Corp. Advances Exploration Programs at the Storjuktan Project on the Gold Line Belt in Sweden

New major risk - Revenue and earnings growth

New major risk - Shareholder dilution

First Nordic Metals Corp. announced that it has received CAD 8.1768 million in funding from Agnico Eagle Mines Limited

First Nordic Metals Corp. Announces Exploration Program Underway on Gold Line Belt Projects in Sweden

First Nordic Metals Corp. Reports Results from its Recent Belt-Scale Glacial Till Geochemical Survey and Top-Of-Bedrock Drilling Program Targeting Orogenic Gold Mineral Systems at its 100%-Owned Paubacken Project Located in the Gold Line Belt, Northern Sweden

First Nordic Metals Corp. Identifies New Large, Cohesive 5 Km Gold Anomaly At Storjuktan Project, Gold Line Belt, Sweden

Non-Executive Chairman exercised options to buy CA$81k worth of stock.

First Nordic Metals Corp. Announces Start of 2024 Drilling At Barsele

First Nordic Metals Corp. Announces Board Appointments

First Nordic Metals Corp., Annual General Meeting, Jun 24, 2024

Barsele Minerals Corp. (TSXV:BME) completed the acquisition of Gold Line Resources Ltd. (TSXV:GLDL) for CAD 5.93 million.

New minor risk - Shareholder dilution

Barsele Minerals Corp. (TSXV:BME) entered into an arrangement agreement to acquire Gold Line Resources Ltd. (TSXV:GLDL) for CAD 6.6 million.

New minor risk - Shareholder dilution

New major risk - Share price stability

New minor risk - Share price stability

Barsele Minerals Corp. Provides an Update Regarding Ongoing Exploration Activities Within the Barsele Gold-VMS Project Area in Västerbottens Län, Northern Sweden

We're Hopeful That Barsele Minerals (CVE:BME) Will Use Its Cash Wisely

Barsele Minerals Corp. Provides Operational Update Regarding 2022 Exploration Activities

Companies Like Barsele Minerals (CVE:BME) Are In A Position To Invest In Growth

Insufficient new directors

Barsele Minerals Corp. announced that it has received CAD 1.896935 million in funding

Barsele Minerals Corp. announced that it has received CAD 1.896935 million in funding

Barsele Minerals Corp. announced that it expects to receive CAD 1 million in funding

Barsele Minerals Corp. Announces the Resumption of Diamond Drilling Activities for 2022

Insufficient new directors

Barsele Minerals Corp. announced that it has received CAD 0.6875 million in funding

Barsele Minerals Corp. announced that it expects to receive CAD 2 million in funding

Will Barsele Minerals (CVE:BME) Spend Its Cash Wisely?

Companies Like Barsele Minerals (CVE:BME) Are In A Position To Invest In Growth

Barsele Minerals Corp. Announces Resumption of Diamond Drilling Activities

Barsele Minerals Corp. announced that it has received CAD 2.064949 million in funding

Barsele Minerals Corp. announced that it expects to receive CAD 2.000001 million in funding

Barsele Regional Hole Bas20007b At Newly Discovered Bastuträsk Intersects 0.70 Metres Grading 32.20 G/T Gold, Including 0.12% Nickel, 0.08% Copper, and 0.05% Cobalt

President recently bought CA$58k worth of stock

New 90-day high: CA$0.74

Barsele Minerals Corp. Provides an Operational Update Regarding Ongoing Exploration Activities Within the Barsele Goldvms Project Area in Västerbottens Län, Northern Sweden

Barsele Minerals Corp. Provides Operational Update Regarding Ongoing Exploration Activities Within the Barsele Gold-VMS Project area in Västerbottens Län, Northern Sweden

New 90-day high - CA$0.62

New 90-day high - CA$0.51

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

Cash Runway Analysis

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