Company: PRMLF
Filing Date: 2025-03-20
Form Type: 10-K
Source: 0001641172-25-000043
Chunk: 475

Company: NexMetals Mining Corp.
Filing Date: 2025-03-20
Form: 10-K
Item: Item 7A
Chunk 475
---

     2,750,000  
     2,750,000  
     2,750,000 

Lease
liabilities and vehicle financing – The fair values approximate carrying values as the interest rates are comparable to current
market rates.

DSU
liability – the fair value of the DSUs is measured using the closing price of the Company’s Common Shares at the end of each
reporting period.

Term
loan – the term loan is carried at amortized cost. The fair value measurement of the term loan was based on an income approach.

    F-30

Notes
to the Consolidated Financial Statements

For
the years ended December 31, 2024 and 2023
(Expressed
in Canadian dollars)

NSR
option liability – The fair value of the NSR options is determined using a valuation model that incorporates such factors as discounted
cash flow projections, metal price volatility, and risk-free interest rate. As the NSR options are exercisable entirely at the discretion
of Cymbria and the underlying projects are in the exploration stage, the fair value of the call and put on the options as at December
31, 2024 and December 31, 2023 is nil.

15.
SEGMENTED INFORMATION

The
Company has identified its Chief Executive Officer as its Chief Operating Decision Maker (“CODM”). The CODM evaluates
the Company’s performance and segmented results based on Loss for the Year Before Other Items. The significant segment expenses
reviewed by the CODM are consistent with the expense line items presented in Loss for the Year Before Other Items in the Company’s
consolidated statements of operations and comprehensive loss. The CODM uses Loss for the Year Before Other Items to assess segment performance
against the Company’s planned results, and to allocate capital investment.

The
Company operates in one reportable operating segment being that of the acquisition, exploration and evaluation of mineral properties
in three geographic segments, being Botswana, Barbados and Canada. The Company’s geographic segments are as follows:

SCHEDULE OF INFORMATION ABOUT COMPANY'S GEOGRAPHIC SEGMENTS

    December 31, 2024 $   
    December 31, 2023 $ 
  
    Current assets 

    Canada 
     4,066,121  
     15,894,177 
  
    Barbados 
     89,446  
     104,024 
  
    Botswana 
     3,462,676