Company: PRMLF
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001493152-25-022391
Chunk: 192

Company: NexMetals Mining Corp.
Filing Date: 2025-11-13
Form: 10-Q
Item: Item 2
Chunk 192
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2025, 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.

The
Company’s exploration and evaluation assets are affected by the laws and environmental regulations that exist in the various jurisdictions
in which the Company operates. It is not possible to estimate any future contingent liabilities and the impact on the Company’s
operating results due to future changes in the Company’s development of its projects or future changes in such laws and environmental
regulations.

Segmented
Disclosure 

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

    September 30, 2025 $  
    December 31, 2024 $ 
  
    Current assets 

    Canada 
     10,939,252  
     4,066,121 
  
    Barbados 
     471,513  
     89,446 
  
    Botswana 
     5,093,943  
     3,462,676 
  
    Total 
     16,504,708  
     7,618,243 

    Exploration and evaluation assets 

    Botswana 
     8,471,766  
     8,846,821 
  
    Property, plant and equipment 

    Botswana 
     9,062,031  
     8,488,405 

The
Company’s exploration and evaluation activities are assessed at the individual project level. The Selebi and Selkirk projects below
make up the Botswana geographic segment.

    Three months ended September 30, 2025 

    Selebi $  
    Selkirk $  
    Other $  
    Total $ 
  
    Drilling 
     1,490,905  
     818,759  
     -  
     2,309,664 
  
    Site operations, administration, & overhead 
     1,108,662  
     213,844  
     107,576  
     1,430,082 
  
    Infrastructure & equipment maintenance 
     770,407  
     100,497