Company: PRMLF
Filing Date: 2025-05-13
Form Type: 10-Q
Source: 0001641172-25-010011
Chunk: 71

Company: NexMetals Mining Corp.
Filing Date: 2025-05-13
Form: 10-Q
Item: Item 1
Chunk 71
---
 $  
    2 - 5 years $  
    Total $ 
  
    Trade payables and accrued liabilities 
     6,781,524  
     438,273  
     -  
     7,219,797 
  
    Vehicle financing 
     137,059  
     66,143  
     13,252  
     216,454 

     6,918,583  
     504,416  
     13,252  
     7,436,251 

The DSU liability of $930,840 is not presented in
the above liquidity analysis as management considers it not practical to allocate the amounts into maturity groupings

Off-Balance Sheet Arrangements

There are no off-balance sheet arrangements as at
March 31, 2025.

Share Capital Information

As of the date of this Report, the fully diluted share
capital of the Company, including Common Shares issuable upon exercise of securities of the Company, is as follows:

    Securities 
    Common Shares 
  
    Common Shares 
     428,986,474 
  
    Preferred shares(1) 
     13,131 
  
    DSUs 
     2,164,744 
  
    Warrants 
     188,579,919 
  
    Stock options 
     20,813,771 
  
    RSUs 
     4,175,000 
  
    Fully diluted share capital 
     644,733,039 

Note:

    (1)
    The 118,186 outstanding preferred shares are convertible into Common Shares at a 9:1 ratio.

45

Item 3. Quantitative and Qualitative Disclosures
About Market Risk

Quantitative and qualitative disclosures about market
risk have been omitted as permitted under rules applicable to smaller reporting companies.

Item 4. Controls and Procedures

Disclosure Controls and Procedures

We maintain disclosure controls
and procedures, as defined in Rule 13a-15(e) and Rule 15d-15(e) promulgated under the Securities Exchange Act of 1934, as amended (the
“Exchange Act”) that are designed to ensure that information required to be disclosed by us in the reports that we
file or submit under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the SEC’s
rules and forms and that such information is accumulated and communicated to our Chief Executive Officer