Company: PRMLF
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001493152-25-011913
Chunk: 33

Company: NexMetals Mining Corp.
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 8
Chunk 33
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 measurement of the term loan was based on an income approach.

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 June 30,
2025 and December 31, 2024 is $nil.

    26

Notes to the Unaudited Condensed Interim Consolidated Financial Statements

For the three and six months ended June 30, 2025 and 2024

(Expressed in Canadian dollars)

13. 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 Period Before Other Items. The significant segment expenses
reviewed by the CODM are consistent with the expense line items presented in Loss for the Period Before Other Items in the Company’s
unaudited condensed interim consolidated statements of operations and comprehensive loss. The CODM uses Loss for the Period 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

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

    Canada 
     19,907,057  
     4,066,121 
  
    Barbados 
     5,314,105  
     89,446 
  
    Botswana 
     4,150,208  
     3,462,676 
  
    Total 
     29,371,370  
     7,618,243 
  
    Current assets 
     29,371,370  
     7,618,243 

    Exploration and evaluation assets 

    Botswana 
     8,794,678  
     8,846,821 
  
    Exploration and evaluation assets  
     8,794,