Nine Mile Metals

What Nine Mile Metals does

Nine Mile Metals Ltd. is a publicly listed Canadian mineral exploration company (CSE: NINE; OTCQB: VMSXF) focused on Volcanogenic Massive Sulphide (VMS) deposits in the Bathurst Mining Camp of New Brunswick. The company holds an option to acquire 100% of the Wedge Project from Slam Exploration Ltd. and operates a portfolio that includes the Wedge Mine, Tribag-West Wedge, California Lake East, and the Nine Mile Brook VMS High Grade Lens. Its exploration targets copper, lead, zinc, gold, silver, and critical minerals including antimony and indium, intended for downstream use in EV batteries, semiconductors, electronics, and aerospace.

The company employs conventional exploration technologies — core drilling, down-hole electromagnetic (BHEM) surveys, XRF analysis, and certified assaying through laboratories such as ALS Global in Moncton — combined with strategic metallurgical partnerships. SGS Canada in Lakefield, Ontario is conducting Phase 1 bulk-sample analysis, and Glencore Canada is evaluating the deposits using its proprietary IsaMILL ultrafine grinding technology at the Horne Smelter in Quebec to assess direct-to-smelter feasibility. Recent drill results have included intersections grading up to 26.14% copper (XRF) and 15.00% CuEq (certified assay), with the Nine Mile Brook High Grade Lens grading 13.71% CuEq over 15.10 meters.

The company is pre-revenue with no product sales; its business model depends on equity financing, flow-through private placements, debt conversions, and exploration grants to fund drilling campaigns. The 2025 Fall program (1,654 meters across 7 holes) is being followed by a 10,000-meter Spring 2026 program at the Wedge project. The intended go-to-market is a direct-to-smelter sales model targeting mining and metals processing customers. The company has 11–50 employees and is headquartered in Vancouver with operational activity concentrated in New Brunswick.

Name

Nine Mile Metals

Legal name

Nine Mile Metals Ltd.

Website

https://ninemilemetals.com

Company type

Public

Founded year

2021

Operating status

Operating

Headcount range

11–50 employees

Short description

Nine Mile Metals is a pre-revenue Canadian mineral exploration company (CSE: NINE) advancing VMS copper-zinc-lead-gold-silver-antimony deposits in the Bathurst Mining Camp, New Brunswick, targeting direct-to-smelter sales to mining and metals processing customers including Glencore.

Ownership category

akta.pro rank

Product category

Mineral Exploration

NAICS

Metal Ore Mining (2122), Gold Ore and Silver Ore Mining (21222), Other Metal Ore Mining (21229)

SIC

Metal Mining (1000), Gold And Silver Ores (1040), Miscellaneous Metal Ores (1090)

akta.pro primary industry

Exploration & Resource Development (Critical Minerals) (IMAKAFAL)

akta.pro secondary industries

Copper By-Products Recovery (Molybdenum, Gold/Silver, Sulfuric Acid) (IMAKADAH), Precious Metals Ore Processing & Beneficiation (IMAKAEAD)

Keywords

• Mineral exploration services
• VMS deposit exploration
• Copper mining development
• Critical minerals exploration
• Base metals exploration

Headquarters

HQ city

Vancouver

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Technology or R&D, Others

Revenue model

1. Mineral Sales (Future): Pre-revenue exploration stage company. Future revenue will come from selling extracted copper, lead, zinc, gold, silver, and antimony minerals to smelters and metal processors upon successful development of its VMS deposits in the Bathurst Mining Camp.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Nine Mile Metals is a pre-revenue Canadian mineral exploration company that acquires, develops, and explores Volcanogenic Massive Sulphide (VMS) deposits in the Bathurst Mining Camp, New Brunswick, targeting copper, lead, zinc, gold, silver, antimony, and indium mineralization. The company conducts drilling programs (e.g., 10,000 meters at the Wedge Project in 2026) and metallurgical bulk-sample testing with SGS Canada and Glencore Canada to advance deposits toward a future direct-to-smelter production decision. Future revenue will come from selling extracted base and precious metals to smelters and metal processors serving EV, green technology, semiconductor, electronics, and aerospace industries.

Product overview

Nine Mile Metals is a Canadian mineral exploration company operating a portfolio of VMS (Volcanogenic Massive Sulphide) exploration projects in the Bathurst Mining Camp, New Brunswick. The company's core asset is the Wedge VMS Project, which includes the Wedge Mine, West Wedge, and Tribag-West Wedge targets. Additional projects include the California Lake East VMS Project and the Nine Mile Brook VMS High Grade Lens. The company conducts drilling programs to explore for copper, lead, zinc, gold, silver, and antimony - critical minerals for EV and green technology sectors. Nine Mile Metals partners with SGS Canada and Glencore Canada for metallurgical analysis and is listed on the Canadian Securities Exchange (CSE).

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• Drill hole DDH-WD-25-02 returned 2.78% CuEq over 32.10 meters including 5.64% CuEq over 6.02 meters
• +2 more outcomes

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Six partnerships are on record, tiered core and minor.

• SLAM Exploration Ltd.coreStrategic or Co-development Partner · 11 March 2026Option agreement to acquire 100% of the Wedge Project. Nine Mile Metals made a $40,000 cash payment and issued 300,000 shares for the third anniversary payment, with a remaining payment of $50,000 and 400,000 shares due in February 2027. The company also maintains market-making agreements with Generation IACP Inc. for share liquidity.
• Generation IACP Inc.minorOthers · 11 March 2026Six-month market making services agreement at a monthly fee of $8,500 CAD aimed at improving liquidity and monitoring trading patterns of Nine Mile Metals shares on the CSE.
• SGS CanadacoreTechnology or Integration · 2 March 2026Metallurgical analysis partnership for Phase 1 bulk sample testing at the Nine Mile Brook VMS High Grade Lens. SGS Canada in Lakefield, Ontario conducts crushing, grinding, and assaying of representative samples up to 1 tonne each for certified assay analysis.
• Glencore CanadacoreTechnology or Integration · 2 March 2026Metallurgical testing partnership using Glencore's proprietary IsaMILL ultrafine grinding technology at the Horne Smelter in Rouyn-Noranda, Quebec. Testing evaluates direct-to-smelter feasibility for high-grade copper deposits grading up to 13.71% CuEq.
• ALS Global (Moncton)minorOthersLaboratory services for assaying drill core samples for base, precious metals, and antimony analysis. Samples from drill holes shipped to ALS Global in Moncton, New Brunswick for certified assay processing.
• Orbit GarantminorOthersDrilling contractor that mobilized a drill rig for the Wedge drill program to explore the western extension of the deposit.

Scale indicators13 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Hudbay Minerals Inc. Hudbay Minerals is a Canadian mid-tier copper producer with historical operations in the Bathurst Mining Camp. Comparable through its copper production expertise and presence in the same regional mining jurisdiction.
• Glencore plc: Glencore is one of the world's largest diversified mining and smelting companies, including copper and zinc operations. Comparable through its copper smelting business (Horne Smelter) which is a direct processing partner of Nine Mile Metals and through its broader exposure to base metals critical mineral demand.

Emerging players

• FPX Nickel Corp. FPX Nickel is a Canadian junior mineral exploration company developing critical nickel resources, with comparable public-market dynamics and Canadian exploration focus, though focused on nickel rather than copper.
• Northisle Copper and Gold Inc. Northisle Copper and Gold is a Canadian junior explorer with copper-gold porphyry and VMS-style targets in British Columbia. Comparable as a public junior focused on copper-dominant critical minerals exploration.
• Galway Metals Inc. Galway Metals is a Canadian junior explorer with gold and critical mineral projects in Canada and Mexico. Comparable as a small-cap CSE-listed junior exploring for precious and base metals.

Direct peers

• Slam Exploration Ltd. Slam Exploration is the option grantor for the Wedge Project and operates as a junior VMS/base metal explorer in the same Bathurst Mining Camp region of New Brunswick. Directly comparable as a same-stage, same-geography, same-commodity peer.
• Brunswick Exploration Inc. Brunswick Exploration is a Canadian junior explorer focused on critical minerals (lithium, copper, VMS-style deposits) in eastern Canada, including New Brunswick. Highly comparable as a peer in geography, commodity focus, and exploration-stage status.
• Puma Exploration Inc. Puma Exploration is a junior Canadian explorer with active projects in New Brunswick including VMS-style copper-gold targets. Comparable in size, geography, commodity focus, and exploration stage.
• Callinex Mines Inc. Callinex Mines is a Canadian junior base and precious metals explorer with VMS-style targets in the Bathurst Mining Camp and Manitoba. Comparable peer in VMS exploration methodology and target commodity suite.
• Arizona Metals Corp. Arizona Metals is a junior explorer focused on copper-gold VMS-style mineralization at its Kay Mine project. Comparable peer in VMS exploration approach, target commodities (copper-gold-zinc), and public junior explorer status.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/ninemilemetals
• LinkedInlinkedin.com/company/ninemilemetals

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds8 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Nine Mile Metals