Company: PRMLF
Filing Date: 2025-03-20
Form Type: 10-K
Source: 0001641172-25-000043
Chunk: 101

Company: NexMetals Mining Corp.
Filing Date: 2025-03-20
Form: 10-K
Item: Item 1A
Chunk 101
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 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  
     4,680,572 
  
    Total 
     7,618,243  
     20,678,773 

    Current assets 
     7,618,243  
     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