Company: PRMLF
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001493152-25-022391
Chunk: 145

Company: NexMetals Mining Corp.
Filing Date: 2025-11-13
Form: 10-Q
Item: Item 8
Chunk 145
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As
at the date of this Report, the Company has not earned revenue nor proved the economic viability of its projects. The Company’s
expenses are not subject to seasonal fluctuations or general trends other than factors affecting costs such as inflation and input prices.
The Company’s expenses and cash requirements will fluctuate from period to period depending on the level of activity at the projects,
which may be influenced by the Company’s ability to raise capital to fund these activities. Comparisons of activity made between
periods should be viewed with this in mind. The Company’s quarterly results may be affected by many factors such as timing of exploration
activity, share-based compensation costs, capital raised, marketing activities and other factors that affect the Company’s exploration
and evaluation activities.

The
following table summarizes the Company’s operations for the three- and nine-month periods ended September 30, 2025, and September
30, 2024:

    Three months ended  September 30,  
    Nine months ended  September 30, 

    2025  
    2024  
    2025  
    2024 

    $  
    $  
    $  
    $ 

    EXPENSES 

    General exploration expenses 
     10,658,319  
     8,628,426  
     27,131,192  
     21,937,161 
  
    Depreciation and amortization 
     494,321  
     354,581  
     1,561,471  
     1,088,483 
  
    General and administrative expenses 
     2,726,180  
     1,831,539  
     6,301,584  
     4,764,507 
  
    Investor relations and communications 
     1,748,375  
     106,527  
     3,891,820  
     266,619 
  
    Director fees 
     105,943  
     317,497  
     354,059  
     882,410 
  
    Fair value movement of DSUs 
     (442,727) 
     (153,304) 
     (73,792) 
     (473,820)
  
    Net foreign exchange loss 
     282,941  
     146,359  
     566,