Core Viewpoint - Nine Mile Metals Ltd. has announced key management and board appointments, aiming to strengthen its financial and operational capabilities for a productive 2025 drill program [1][5]. Management Appointments - Jimmy Jeon, CPA, has been appointed as Chief Financial Officer, effective February 10, 2025. He brings extensive expertise in accounting and financial management, having provided CFO services to multiple public companies [1][7]. - Brett Wallace, LLB, has been appointed to the Board of Directors, effective February 17, 2025. He has over 20 years of experience in geoscience and corporate law, with a focus on mining operations across various commodities [2][7]. Financial Services Engagement - Nine Mile Metals has engaged Marrelli Support Services Inc. (MSSI) to provide comprehensive corporate financial services. MSSI specializes in financial reporting, cash management, and regulatory compliance, which will enhance operational efficiency for Nine Mile Metals [4][7]. Strategic Goals - The company aims to consolidate its financial advisory relationships into one with MSSI, enhancing efficiency and reducing redundancies. This transition is expected to position Nine Mile Metals for a productive 2025 drill program [5][7]. - Nine Mile Metals is focused on exploring its four VMS Projects in the Bathurst Mining Camp, which are critical for the demand in EV and green technologies [8].

Core Points - Nine Mile Metals Ltd. has completed a first tranche private placement financing, raising cash proceeds of $25,000 and converting bona fide debt of $231,150 [1] - The company issued a total of 12,197,619 units at a price of $0.021 each, with each unit consisting of one common share and one common share purchase warrant [1] - Each warrant allows the holder to purchase one common share at a price of $0.05 for a period of 5 years from issuance [1] Financial Details - The common shares and warrants issued are subject to a hold period of four months and a day, with no commissions paid [2] - A director and officer of the company purchased 1,190,476 units for $25,000 in cash and 1,369,048 units for $28,750 in debt conversion [3] - The cash proceeds from the private placement will be used for general working capital, with 11,007,143 units allocated for the settlement of convertible loans due on December 14, 2024, totaling $231,150 including principal and accrued interest [4] Company Overview - Nine Mile Metals Ltd. is a Canadian public mineral exploration company focused on Critical Minerals VMS (Cu, Pb, Zn, Ag, and Au) exploration in the Bathurst Mining Camp, New Brunswick [5] - The company's primary business objective is to explore four VMS projects: Nine Mile Brook, California Lake, Canoe Landing Lake, and Wedge VMS projects [5] - The company is positioning itself for the growth in electric vehicle and green technologies that require copper, silver, lead, and zinc, while also having a hedge on gold [5]

Company Overview - Nine Mile Metals Ltd. is a Canadian public mineral exploration company focused on Critical Minerals VMS (Cu, Pb, Zn, Ag, and Au) exploration in the Bathurst Mining Camp, New Brunswick, Canada [6] - 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) VMS Project, and Wedge VMS Project [6] - The company is positioning itself for the boom in electric vehicle (EV) and green technologies that require Copper, Silver, Lead, and Zinc, while also having a hedge on Gold [6] Private Placement Details - The company intends to complete a private placement of up to 18,507,143 units at a price of $0.021 per unit, with each unit consisting of one common share and one common share purchase warrant [1] - Up to 7,500,000 units may be sold for cash proceeds of up to $157,500, which will be used for operating expenses, including legal and audit fees and general working capital [2] - The company plans to issue 11,007,143 units for the settlement of Convertible Loans due on December 14, 2024, totaling $231,150 in principal and accrued interest [4] Finder's Commission - Finders may receive a commission of 7% cash and 7% common share purchase warrants for their services in introducing subscribers to the company under the cash portion of the private placement [3] Securities Regulations - The issuance of common shares will not result in a new insider or control person, and the common shares are subject to a hold period under applicable Canadian securities laws expiring four months and one day from the date of issuance [5]

Core Insights - Nine Mile Metals Ltd. has announced the identification of seven new high-priority TDEM VMS drill targets at the West Wedge and Tribag zones, following a survey conducted by EarthEx Geophysical Solutions Inc. [1][3][10] - The survey has revealed a total of 11 priority VMS trends in the company's Western Portfolio, with significant mineralization already present at the Tribag site [1][4][10] Summary by Sections Survey Results - A total of 17.4 line kilometers of Time Domain Electromagnetics (TDEM) were surveyed, resulting in the modeling of seven individual targets associated with the Tribag and West Wedge VMS mineral occurrences [3][6] - The modeled targets are located along the same magnetic trend as the historic Wedge Mine, with depths ranging from 300 to 450 meters for most targets [6][10] Mineralization Data - At the Tribag site, mineralization has been confirmed in previous drill holes and surface samples, with a grab sample returning 12.6% Zn, 7.22% Pb, and 0.53% Cu [4][10] - Historical drilling at the West Wedge reported assays of up to 0.78% Cu, 5.35% Pb, 12.9% Zn, 70.62 g/tonne Ag, and 1.37 g/tonne Au over a drill width of 3.75 meters [4][10] Future Plans - The company plans to prioritize drilling these targets in Spring 2025, with additional drill holes planned in the western Wedge Mine area to test deeper, unmined portions of the known deposit [10] - The exploration strategy includes infilling the gap between the Wedge mine area, Tribag, and further north towards Target 7 [10] Company Overview - Nine Mile Metals Ltd. is focused on Critical Minerals VMS exploration in the Bathurst Mining Camp, New Brunswick, Canada, targeting minerals essential for EV and green technologies [11]

Core Viewpoint - Nine Mile Metals Ltd. has successfully completed a non-brokered private placement, raising $160,000 through the issuance of 4,571,429 flow-through units at a price of $0.035 per unit [1][2]. Group 1: Private Placement Details - The private placement consists of flow-through common shares and warrants, with each unit comprising one common share and one warrant, allowing the purchase of a common share at $0.05 for five years [2]. - No related parties participated in the private placement, and no new control persons were created [3]. - Finders and brokers received 320,000 common share purchase warrants and $11,200 in cash for their services in introducing subscribers [7]. Group 2: Use of Proceeds - The net proceeds from the private placement will be used for work programs on the Wedge and California Lake properties, which will qualify as "Canadian Exploration Expenses" under the Income Tax Act (Canada) [8]. Group 3: Company Overview - Nine Mile Metals Ltd. is a Canadian public mineral exploration company focused on VMS (Cu, Pb, Zn, Ag, and Au) exploration in the Bathurst Mining Camp, New Brunswick [10]. - The company's primary objective is to explore four VMS projects: Nine Mile Brook, California Lake, Canoe Landing Lake, and Wedge, with a focus on critical minerals for EV and green technologies [10].

Vancouver, British Columbia--(Newsfile Corp. - December 19, 2024) - NINE MILE METALS LTD. (CSE: NINE) (OTC Pink: VMSXF) (FSE: KQ9) (the "Company" or "Nine Mile") is pleased to announce that it intends to complete a non-brokered private placement offering to raise up to $300,000 through the issuance of up to 8,571,428 flow-through units (each, an "FT Unit") at a price of $0.035 per FT Unit (the "Private Placement"). Each FT Unit will consist of one flow-through common share of the Company (each a "Common Sh ...

Company Update - Nine Mile Metals Ltd. has closed a private placement raising $53,332 through the issuance of 1,066,640 units at a price of $0.05 per unit [1][2] - Each unit consists of one common share and one-half of a common share purchase warrant, with each whole warrant allowing the purchase of one common share at $0.08 for 24 months [2] - The proceeds from the private placement will be used for operating expenses, including legal and audit fees, and general working capital [3] Management and Shareholder Information - Charles MaLette, the Company's President, acquired 400,000 units in the private placement for investment purposes, with the transaction approved by the board of directors [4] - The Company did not conduct a formal valuation in connection with the private placement, relying on exemptions under Multilateral Instrument 61-101 [4] Company Profile - Nine Mile Metals Ltd. is focused on Critical Minerals VMS exploration in the Bathurst Mining Camp, New Brunswick, Canada [5] - The Company aims to explore four VMS projects: Nine Mile Brook, California Lake, Canoe Landing Lake, and Wedge, positioning itself for the demand in EV and green technologies [5]

Core Viewpoint - Momentum investing focuses on "buying high and selling higher" rather than traditional strategies of buying low and waiting for recovery [1] Group 1: Momentum Investing Strategy - Momentum investors often face challenges in determining the right entry point for fast-moving stocks, which can lead to limited upside or downside risks [2] - A safer approach involves investing in bargain stocks that exhibit recent price momentum, utilizing tools like the Zacks Momentum Style Score to identify such opportunities [3] Group 2: Nine Energy Service (NINE) Analysis - Nine Energy Service (NINE) has shown a significant price increase of 25.2% over the past four weeks, indicating growing investor interest [4] - The stock has gained 17.1% over the past 12 weeks, demonstrating its ability to deliver positive returns over a longer timeframe [5] - NINE has a high beta of 3.31, suggesting it moves 231% more than the market in either direction, indicating fast-paced momentum [5] - NINE holds a Momentum Score of A, suggesting it is an opportune time to invest in the stock [6] - The stock has a Zacks Rank 2 (Buy) due to upward revisions in earnings estimates, which typically attract more investor interest [7] - NINE is trading at a Price-to-Sales ratio of 0.11, indicating it is undervalued at 11 cents for each dollar of sales, providing room for growth [7] Group 3: Additional Investment Opportunities - Besides NINE, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, presenting further investment opportunities [8] - Investors can explore over 45 Zacks Premium Screens tailored to different investing styles to identify potential winning stocks [9]

Financial Data and Key Metrics Changes - Revenue for Q3 2024 was $138.2 million, exceeding the original guidance of $127 million to $137 million, with adjusted EBITDA of $14.3 million, representing a 47% increase quarter-over-quarter [6][28] - The company reported a diluted EPS of negative $0.26, with incremental adjusted EBITDA margins of approximately 79% [6][10] - Cash and cash equivalents stood at $15.7 million, with total liquidity of $43.3 million as of September 30, 2024 [16] Business Line Data and Key Metrics Changes - Cementing business revenue increased by approximately 12% quarter-over-quarter to $51.2 million, with jobs completed rising by 9% [20] - Wireline revenue remained flat at $27.9 million, with a 1% decrease in stages completed [21] - Coiled tubing revenue increased by approximately 5% to $27.7 million, with days worked increasing by 8% [22] Market Data and Key Metrics Changes - The average US rig count declined by approximately 3% from Q2, impacting overall activity levels [7] - Natural gas prices remained low, averaging just above $2, leading to reduced activity in the Haynesville and Northeast regions [7] Company Strategy and Development Direction - The company adopted a strategy to increase market share in cementing, achieving a 23% market share growth quarter-over-quarter [8] - Cost reduction initiatives have positively impacted profitability, with ongoing efforts to reduce operating costs and vendor consolidation [11][12] - The company is focused on innovation, with successful commercialization of new products like the pincer hybrid frac plug and frac dart [13][14] Management's Comments on Operating Environment and Future Outlook - Management anticipates a moderate activity pickup in 2025 if natural gas prices average $3 or above, which would encourage operators to resume activity [26][27] - For Q4, a slowdown is expected due to budget exhaustion and seasonal factors, with projected revenue between $132 million and $142 million [28] - Management expressed confidence in the repeatability of Q3 results in a similar rig count environment, emphasizing sustainable cost-cutting measures [29] Other Important Information - The company paid down approximately $5 million on its ABL credit facility during Q3, with current borrowings at $47 million [17] - The company has reduced its full-year 2024 CapEx range to $10 million to $15 million, down from $15 million to $25 million [24] Q&A Session Summary Question: What is leading to market share gains in cementing and other businesses? - Management attributed market share gains to a targeted strategy and specific customer focus, resulting in solid performance and sticky customer relationships [30] Question: How do international sales compare year-over-year? - International sales are expected to be lower this year, but management is optimistic about future growth and is working on a deliberate expansion strategy [31] Question: What is the run rate for EBITDA to achieve breakeven cash flow? - Management indicated that around $15 million per quarter would be the target for cash flow neutrality, with expectations for increased efficiencies [32][33] Question: Will costs return if activity picks up? - Management believes that cost reductions are sticky and will improve incremental margins on revenue going forward [34] Question: What do customers need to see for activity to pick up? - Customers are optimistic about medium to long-term natural gas demand, with a desire for prices to stabilize above $3 to spur activity [36] Question: Will there be an uplift in 2025? - Management expressed confidence that there will be an uplift in activity levels in 2025 [39]

分组1 - Nine Energy Service reported a quarterly loss of $0.26 per share, better than the Zacks Consensus Estimate of a loss of $0.30, and improved from a loss of $0.39 per share a year ago, resulting in an earnings surprise of 13.33% [1] - The company posted revenues of $138.16 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 3.72%, although this represents a decline from year-ago revenues of $140.62 million [2] - Nine Energy shares have declined approximately 62.9% year-to-date, contrasting with the S&P 500's gain of 21.9% [3] 分组2 - The earnings outlook for Nine Energy is currently favorable, with a Zacks Rank of 2 (Buy), indicating expectations for the stock to outperform the market in the near future [6] - The current consensus EPS estimate for the upcoming quarter is -$0.30 on revenues of $133.9 million, and for the current fiscal year, it is -$1.23 on revenues of $541.6 million [7] - The Oil and Gas - Field Services industry is ranked in the bottom 41% of Zacks industries, suggesting that the industry's outlook can significantly impact stock performance [8]