Northcliff Resources

NCF.TO

Industrial Materials · Basic Materials

Price

C$0.33

+0.03 (+8.33%)

Market Cap

C$204.9M

Exchange

Toronto Stock Exchange

Winston Score

–

No score yet — Winston is napping.

We couldn’t gather enough financial data to score this stock reliably.

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Share count rising — dilution

+221.2% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 191.1M (2021) → 614.0M (2025)

Winston Score History

The full picture

Northcliff Resources is a Canadian mining development company focused on its Sisson Project, a large tungsten and molybdenum deposit located in New Brunswick, Canada. Tungsten is a hard metal used in cutting tools, electronics, and defense equipment, while molybdenum is used to strengthen steel. The Sisson Project is one of the largest undeveloped tungsten-molybdenum deposits in North America.

The company does not yet generate revenue, which explains its 0% margins, as the Sisson Project is still in the permitting and development stage rather than active production. Northcliff is a small-cap company with a market cap around $200 million, and its potential competitive advantage lies in the sheer size of the Sisson deposit and growing Western demand for tungsten, since China currently dominates global tungsten supply. The key risk is that moving from development to actual mining requires significant capital, regulatory approvals, and favorable commodity prices — none of which are guaranteed.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

Revenue data limited

EPS Growth

+87.5% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

C$0/ year

Research and development spending

Insider Activity

84.8%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Runway

~1 months

C$546,109 cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Short runway — potential dilution ahead through share issuance

Cash watch

Northcliff Resources has less than a year of cash at its current burn rate. Growth investors should watch for potential share dilution from future fundraising — that directly reduces your ownership.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

N/A

—

Data not available

Profit after running costs

Operating Margin

N/A

—

Data not available

Return on the money invested

ROCE

-1.3%

Weak — -1.3% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales growth

Sales YoY

N/A

—

Data not available

Profit growth

EPS YoY

N/A

—

Data not available

How steady the profit is

EPS Consistency

6/8 quarters

Earnings grew in most of the last 8 quarters

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Cash Flow

Profit that turns into cash

Cash Conversion

N/A

—

Data not available

Spare cash per sale

FCF Margin

N/A

—

Data not available

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Stability

What it owes vs what it owns

Debt / Equity

0.15

Conservative — low debt load (0.15)

Covers its interest

Interest Cover

N/A

Data not available

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Valuation

Price vs profit

P/E Ratio (TTM)

N/A

—

Data not available

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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