Company: PRMLF
Filing Date: 2025-03-20
Form Type: 10-K
Source: 0001641172-25-000043
Chunk: 240

Company: NexMetals Mining Corp.
Filing Date: 2025-03-20
Form: 10-K
Item: Item 1B
Chunk 240
---

     20,678,773 

    Property, plant and equipment 

    Canada 
     -  
     8,726 
  
    Botswana 
     8,488,405  
     8,691,908 
  
    Total 
     8,488,405  
     8,700,634 

    Property, plant and equipment 
     8,488,405  
     8,700,634 

    Exploration and evaluation assets 

    Botswana 
     8,846,821  
     8,594,798 
  
    Exploration
    and evaluation assets 
     8,846,821  
     8,594,798 

16.
CONTINGENT LIABILITIES

There
are no environmental liabilities associated with the Mines as at the acquisition dates as all liabilities incurred prior to the acquisitions
are the responsibility of the sellers, BCL and TNMC. The Company has an obligation for the rehabilitation costs arising subsequent to
the acquisitions. As of December 31, 2024, there were no material rehabilitation costs for which the Company expects to incur, and management
is not aware of or anticipating any contingent liabilities that could impact the financial position or performance of the Company related
to its exploration and evaluation assets.

17. INCOME
TAXES 

The
reported recovery of income taxes differs from amounts computed by applying the statutory income tax rates to the reported loss before
income taxes as follows:

 SCHEDULE
OF STATUTORY INCOME TAX RATES

    Year ended December 31, 

    2024 $  
    2023 $ 
  
    Net loss before tax 
     (42,420,283) 
     (32,900,600)
  
    Combined basic federal and provincial income tax rate 
     26.50% 
     26.50%
  
    Expected income tax recovery at the statutory tax rate 
     (11,241,375) 
     (8,718,659)
  
    Adjustments to expected income tax recovery: 

    Permanent differences and other 
     4,455  
     (25,642)
  
    Share-based compensation 
     518,113  
     351,695 
  
    Change in estimates and other 
     (7,979) 
     31,343 
  
    Differences in foreign tax rates