Company: PRMLF
Filing Date: 2025-03-20
Form Type: 10-K
Source: 0001641172-25-000043
Chunk: 103

Company: NexMetals Mining Corp.
Filing Date: 2025-03-20
Form: 10-K
Item: Item 1A
Chunk 103
---
 -  
     354,451 
  
    DSU liability 
     249,541  
     - 
  
    Share issue costs 
     1,282,390  
     1,342,837 
  
    Deferred
    tax assets 
     18,891,605  
     9,578,409 
  
    Deferred tax liabilities 

    Term Loan 
     (152,537) 
     (512,921)
  
    Property, plant and equipment 
     (715,673) 
     (1,204,364)
  
    Deferred
    tax liabilities 
     (868,210) 
     (1,717,285)
  
    Net deferred tax asset 
     18,023,395  
     7,861,124 
  
    Valuation allowance 
     (18,023,395) 
     (7,861,124)
  
    Deferred tax asset (liability) 
     -  
     - 

The Company has Canadian non-capital losses of approximately
$25,742,976 (2023 - $13,105,517) available for deduction against future taxable income, which if not utilized will expire between the
years of 2039 and 2044. The Company also has Barbados losses of approximately $5,531,343 (2023 - $3,085,851) which expire between 2029
and 2031. Losses in Botswana of $38,060,423 (2023 - $4,703,606) do not expire.

The
potential tax benefit of the non-capital losses has not been recognized in these consolidated financial statements. The
non-capital losses that have not been recognized expire as follows:

 SCHEDULE
OF NON-CAPITAL LOSSES

    Canada
 $

    Botswana
 $

    Barbados $ 
  
    2029

    -

       -

     1,433,260 
  
    2030

    -

    -

     1,923,940 
  
    2031

    -

    -

     2,174,143 
  
    2039

    101,573

    -

     - 
  
    2040

    351,131

    -

     - 
  
    2041

    2,756,891

    -

     -