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 (BMC), New Brunswick, Canada [5] - 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 [5] - 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 [5] Private Placement Details - The company 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 (FT Units) at a price of $0.035 per FT Unit [1][2] - Each FT Unit will consist of one flow-through common share and one common share purchase warrant, with each warrant allowing the holder to purchase one common share at a price of $0.05 for five years from the date of issuance [2] - The company may pay finder's fees of up to 7% of subscription amounts, payable in cash, and issue finder's warrants in an amount up to 7% of securities sold, with each finder's warrant exercisable to acquire one common share at a price of $0.035 for five years from the date of issuance [3] Use of Proceeds - Proceeds from the sale of the FT Units will be used for exploration costs, including drilling, splitting core samples, assays, and surveys [3] Securities Regulation - The common shares and any common shares issued on the exercise of the warrants and finder's warrants will be subject to a hold period under applicable Canadian securities laws, expiring four months and one day from the date of issuance [4]

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]

Financial Performance - Revenues for Q3 2024 were $138,157, a decrease of 2% compared to $140,617 in Q3 2023[111] - Adjusted gross profit for Q3 2024 was $24,706, an increase of 8% from $22,941 in Q3 2023[111] - Net loss for Q3 2024 was $10,143, a 24% improvement from a net loss of $13,262 in Q3 2023[111] - Revenues decreased by $2.5 million, or 2%, to $138.2 million for Q3 2024, primarily due to pricing decreases and a 10% drop in the average U.S. rig count compared to Q3 2023[112] - Adjusted gross profit increased by approximately $1.8 million to $24.7 million for Q3 2024, influenced by revenue and cost changes[114] - Net loss decreased by $3.1 million, or 24%, to $10.1 million for Q3 2024, while Adjusted EBITDA increased by $2.7 million, or 23%, to $14.3 million[121] - For the first nine months of 2024, revenues decreased by $52.8 million, or 11%, to $412.7 million, attributed to pricing decreases and a 15% decline in the average U.S. rig count[124] - Adjusted gross profit for the first nine months of 2024 decreased by $22.0 million to $71.2 million due to revenue and cost factors[126] - Net loss increased by $10.3 million, or 47%, to $32.2 million for the first nine months of 2024, with Adjusted EBITDA decreasing by $19.3 million, or 33%, to $39.1 million[134] Expenses and Cost Management - General and administrative expenses decreased by 5% to $12,366 in Q3 2024 from $13,060 in Q3 2023[111] - General and administrative expenses decreased by $9.9 million to $37.1 million for the first nine months of 2024, primarily due to non-recurring costs from the previous year[126] - Cost of revenues for Q3 2024 decreased by $4.2 million, or 4%, to $113.5 million, primarily due to reduced activity in certain service lines[113] - Depreciation expense decreased by $1.1 million to $6.2 million for Q3 2024, attributed to lower capital expenditures over the past twelve months[115] - The company has implemented cost reduction and supply chain initiatives, which began to positively impact profitability starting at the end of Q2 2024[148] Market Conditions and Outlook - The U.S. rig count has declined by approximately 6% since the end of 2023, impacting market conditions[107] - Average natural gas prices for the first nine months of 2024 were $2.11, 17% lower than in 2023, which had already seen a decline of over 60% compared to 2022[105] - The rig count in the Haynesville basin has decreased by approximately 54% since the end of 2022, leading to decreased activity levels[105] - The company anticipates lower revenue and profitability in Q4 2024 compared to Q3 2024 due to typical budget exhaustion and seasonal slowdowns[107] - The company remains cautiously optimistic about the energy sector, with potential upside for North American activity levels if natural gas prices recover[108] - Significant factors affecting future commodity prices include geopolitical developments, OPEC actions, and overall supply and demand fundamentals[109] Capital and Liquidity - The company’s total capital as of September 30, 2024, was $276,787 thousand, a decrease from $318,725 thousand as of the same date in 2023[144] - The company’s total debt as of September 30, 2024, was $350,000 thousand, a slight decrease from $357,000 thousand as of the same date in 2023[144] - As of September 30, 2024, the company had a total liquidity position of $43.3 million, consisting of $15.7 million in cash and cash equivalents and $27.6 million available under the ABL Credit Facility[151] - The company continues to monitor potential capital sources, including equity and debt financing, to meet investment and liquidity requirements[150] - The company is required to make an Excess Cash Flow Offer on May 15 and November 14, with the Excess Cash Flow Amount for November 14, 2024, projected to be $0, resulting in no offer being made[157] - The ABL Credit Facility was amended to decrease its size from $200.0 million to $150.0 million and extend the maturity date to January 29, 2027[160] - The company was in compliance with all covenants contained in the 2028 Notes Indenture and the ABL Credit Agreement as of September 30, 2024[162] Shareholder Activities - During the three months ended September 30, 2024, the company sold 1,181,090 shares under the Equity Distribution Agreement, generating net proceeds of $1.4 million after commissions[153] - The company completed a public offering of 300,000 units on January 30, 2023, raising $279.8 million after underwriting discounts, which was used to redeem $307.3 million of 2023 Notes[154] Cash Flow Activities - Net cash used in operating activities was $1.8 million for the first nine months of 2024, a significant decrease from $21.2 million in net cash provided in the same period of 2023[168] - Net cash used in investing activities was $11.2 million in the first nine months of 2024, compared to $14.7 million in the same period of 2023, reflecting a decrease in cash purchases of property and equipment[169] - The company reported net cash used in financing activities of $2.1 million for the first nine months of 2024, a decrease from $11.6 million in the same period of 2023, primarily due to the absence of significant debt redemption costs[170] - As of September 30, 2024, the company had $50.0 million in borrowings under the ABL Credit Facility, with approximately $27.6 million available after accounting for outstanding letters of credit[164]

Exhibit 99.1 Nine Energy Service Announces Third Quarter 2024 Results • Increased revenue ~4% quarter over quarter, despite the average Q3 US rig count declining by ~3% • Sequential quarterly net loss improved and decreased by ~28% for the third quarter of 2024 • Sequential quarterly adjusted EBITDAA increased by ~47% for the third quarter of 2024 • Revenue, net loss and adjusted EBITDA of $138.2 million, $(10.1) million and $14.3 million, respectively, for the third quarter of 2024 • Increased cementing re ...

Core Viewpoint - Nine Energy Service (NINE) has experienced a bearish trend, losing 17.8% in the past week, but a hammer chart pattern suggests a potential trend reversal due to increased buying interest and positive earnings outlook from analysts [1]. Group 1: Technical Analysis - The formation of a hammer chart pattern indicates that the stock may be nearing a bottom, suggesting potential exhaustion of selling pressure [1]. - A hammer pattern typically forms during a downtrend, where the stock opens lower, makes a new low, but then closes near or above the opening price, signaling a possible loss of control by bears [2]. - Hammer candles can appear on various timeframes and should be used alongside other bullish indicators for confirmation [2]. Group 2: Fundamental Analysis - Recent upward revisions in earnings estimates for NINE serve as a bullish indicator, with a 5.4% increase in the consensus EPS estimate over the last 30 days [3]. - NINE holds a Zacks Rank of 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks, indicating strong potential for outperformance in the market [3]. - The Zacks Rank is a reliable timing indicator, suggesting that NINE's prospects are improving, further supporting the likelihood of a trend reversal [3].

Financial Data and Key Metrics Changes - Revenue for Q2 2024 was $132.4 million, within the guidance of $130 million to $140 million [4] - Adjusted EBITDA was $9.7 million, and diluted EPS was negative $0.40 [4] - Cash and cash equivalents were $26 million, with total liquidity of $50.8 million as of June 30, 2024 [8] - General and administrative expenses were $12.5 million, and depreciation and amortization expenses were $9.4 million [10] - CapEx spend for Q2 was $2.5 million, with a revised full-year CapEx range of $10 million to $15 million [10] Business Line Data and Key Metrics Changes - Cementing revenue decreased by approximately 5% to $45.8 million, with a 2% decrease in completed jobs [8] - Wireline revenue was flat at $28 million, with a 2% decrease in completed stages but a 2% increase in average blended revenue per stage [9] - Completion tool revenue decreased by approximately 8% to $32.4 million, with a 10% decrease in completed stages [9] - Coiled tubing revenue decreased by approximately 15% to $26.2 million, with a 23% decrease in days worked [9] Market Data and Key Metrics Changes - The U.S. land rig count has seen a decline of over 200 rigs since the end of 2022, impacting revenue and earnings [4] - Natural gas prices remain around $2, leading to delayed completions and rig declines [12] - The rig count in Q3 is expected to be relatively flat compared to Q2, with projected revenue between $127 million and $137 million [12] Company Strategy and Development Direction - The company aims to grow its international tools business as part of its medium- to long-term strategy [6] - The focus is on enhancing efficiency and maintaining flexibility in operations to capitalize on market recovery [17] - The company is optimistic about the medium- and long-term outlook for the gas market, anticipating increased power demand in the U.S. [12][23] Management's Comments on Operating Environment and Future Outlook - Management noted that the current market is challenging, but they are prepared to capitalize on growth opportunities when they arise [12][24] - The company believes it can maintain a competitive edge due to its asset-light business model and strong team [13] - Management expressed confidence in the potential for a market rebound in the back half of 2025 [24] Other Important Information - The company completed 926 cementing jobs in Q2, a decrease of approximately 2% [8] - The average blended revenue per job in cementing decreased by approximately 3% [8] - The company has implemented a $30 million ATM program to provide financial flexibility [8] Q&A Session Summary Question: What service lines are being positively impacted by the refracs? - Management indicated that all service lines, including completion tools, cementing, wireline, and coiled tubing, are positively impacted by refracs, with significant growth anticipated in this market [14] Question: Why is there confidence in relatively flat revenues and profitability despite rig count declines? - Management noted strong performance in the refrac business and improvements in cementing, which are helping to close gaps in revenue [15] Question: Any early indications of CapEx for Q3? - Management has not provided specific guidance on the split between quarters but has guided for the year [16] Question: How do you see the international side for completion tools impacting Q3? - International sales are included in the guidance, but they are expected to be lumpy; management is optimistic about future work [18] Question: Has pricing stabilized for cementing, wireline, and coiled tubing? - Management confirmed that pricing has stabilized, although there may be incremental pressures depending on commodity prices [19] Question: What percentage of refrac jobs are in the Eagle Ford and Bakken? - The majority of refrac jobs are in the Eagle Ford and Bakken, where there is significant Tier 1 acreage [21] Question: How can the company ramp up quickly when activity increases? - Management emphasized the importance of maintaining flexibility and not cutting into the company's capabilities, ensuring readiness for market recovery [22][24]

Revenue Performance - Revenues decreased by $29.0 million, or 18%, to $132.4 million for Q2 2024 compared to Q2 2023, primarily due to volume and pricing decreases driven by a reduction in the U.S. rig count[89] - Cementing revenue decreased by $12.3 million, or 21%, due to pricing decreases and an 8% job count decrease compared to Q2 2023[90] - Coiled tubing revenue decreased by $7.3 million, or 22%, driven by pricing decreases and a 10% decrease in total days worked compared to Q2 2023[90] - Tools revenue decreased by $6.4 million, or 17%, attributed to a 14% decrease in completion tools stages compared to Q2 2023[91] - Revenues decreased by $50.3 million, or 15%, to $274.5 million for the first six months of 2024, primarily due to volume and pricing decreases across all service lines[101] - Revenues for the three months ended June 30, 2024, were $132,401 thousand, a decline of 18.0% from $161,428 thousand in the same period of 2023[123] Profitability and Loss - Adjusted gross profit decreased by $13.6 million, or 40%, to $20.4 million for Q2 2024 compared to Q2 2023[89] - Net loss for Q2 2024 was $14.0 million, compared to a net loss of $2.5 million in Q2 2023, representing an increase in loss of 453%[89] - Adjusted gross profit decreased by $23.8 million, or 34%, to $46.5 million for the first six months of 2024 compared to the same period in 2023[103] - Net loss increased by $13.5 million, or 156%, to $22.1 million for the first six months of 2024[111] - Adjusted EBITDA decreased by $22.0 million, or 47%, to $24.8 million for the first six months of 2024[111] - Adjusted EBITDA for the three months ended June 30, 2024, was $9,735 thousand, down from $21,714 thousand in the same period of 2023, representing a decrease of approximately 55.2%[115] - Adjusted gross profit for the three months ended June 30, 2024, was $20,353 thousand, down from $33,986 thousand in the same period of 2023, reflecting a decrease of approximately 40.4%[123] Cost Management - Cost of revenues decreased by $15.4 million, or 12%, to $112.0 million for Q2 2024, primarily due to reduced activity in certain service lines[92] - Cost of revenues decreased by $26.5 million, or 10%, to $228.1 million for the first six months of 2024[102] - General and administrative expenses decreased by $9.2 million, or 27%, to $24.7 million for the first six months of 2024[103] - Depreciation expense decreased by $1.5 million, or 10%, to $13.3 million for the first six months of 2024[105] - Amortization of intangibles decreased by $0.2 million, or 3%, to $5.6 million for the first six months of 2024[106] - Non-operating expenses increased by $0.1 million, or 1%, to $24.8 million for the first six months of 2024[109] Market Conditions - The U.S. land rig count declined by over 40 rigs in the first half of 2024, following a decline of over 150 rigs from the end of 2022 to the end of 2023[87] - Natural gas prices averaged $2.10 in the first half of 2024, which is 17% lower than average prices in 2023, contributing to decreased activity and lower rig counts[86] - The company anticipates that revenue, net income (loss), and adjusted EBITDA for Q3 2024 will be relatively flat compared to Q2 2024, with cautious optimism for medium and long-term recovery in the energy sector[87] Liquidity and Capital Expenditure - As of June 30, 2024, the company had a total liquidity position of $50.8 million, consisting of $26.0 million in cash and cash equivalents and $24.8 million available under the ABL Credit Facility[127] - The company has reduced its planned capital expenditure budget for 2024 to between $10.0 million and $15.0 million to preserve liquidity amid market declines[126] - The company anticipates semiannual interest payments of $19.5 million on the 2028 Notes, which began on August 1, 2023[127] - As of June 30, 2024, the company had $52.0 million in borrowings under the ABL Credit Facility, with approximately $24.8 million available after accounting for outstanding letters of credit[139] Debt and Compliance - The 2028 Notes bear an annual interest rate of 13.000% and will mature on February 1, 2028, with interest payable semi-annually[132] - The company was in compliance with all covenants contained in the 2028 Notes Indenture and the ABL Credit Agreement as of June 30, 2024[134][138] - The company did not make an Excess Cash Flow Offer on May 15, 2024, as the Excess Cash Flow Amount was $0[133] Cash Flow Activities - Net cash provided by operating activities was $4.1 million for the first six months of 2024, a decrease of $27.0 million compared to $31.1 million in the same period of 2023, primarily due to an increased net loss[142] - Net cash used in investing activities was $8.1 million in the first six months of 2024, a decrease from $11.1 million in the same period of 2023, attributed to reduced cash purchases of property and equipment[143] - Net cash used in financing activities was $0.7 million in the first six months of 2024, compared to $3.9 million in net cash provided in the same period of 2023, largely due to the absence of proceeds from the Units offering and ABL Credit Facility[144] Growth Strategy - The company continues to evaluate potential acquisitions as part of its growth strategy, although it does not budget for them[125] - The company entered into an equity distribution agreement allowing the sale of up to $30.0 million in common stock, generating net proceeds of $6.8 million from the sale of 4,199,074 shares during the three months ended June 30, 2024[129] - The company completed a public offering of 300,000 units with an aggregate stated amount of $300.0 million, receiving proceeds of $279.8 million after deductions, which were used to redeem $307.3 million of 8.750% Senior Notes due 2023[130]