Company: PRMLF
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001493152-25-022391
Chunk: 146

Company: NexMetals Mining Corp.
Filing Date: 2025-11-13
Form: 10-Q
Item: Item 8
Chunk 146
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184  
     360,361 
  
    LOSS FOR THE PERIOD BEFORE OTHER ITEMS 
     15,573,352  
     11,231,625  
     39,732,518  
     28,825,721 

    OTHER ITEMS 

    Interest (income) expense, net 
     (70,381) 
     (13,388) 
     (323,276) 
     2,433 
  
    Interest expense and accretion on Term Loan 
     -  
     786,723  
     428,371  
     2,317,178 
  
    Impairment loss 
     501,497  
     -  
     501,497  
     - 
  
    Loss on Term Loan extinguishment 
     -  
     -  
     5,982,434  
     - 
  
    NET LOSS FOR THE PERIOD 
     16,004,468  
     12,004,960  
     46,321,544  
     31,145,332 

    ●
    General exploration
    expenses increased by $2,029,893 and $5,194,031 for the three and nine months ended September 30, 2025, respectively, as the
    Company advanced its new strategic direction aimed at rapidly demonstrating the size potential of the Mines through expansionary
    drilling, metallurgical flowsheet development, and other studies and evaluation work. For more information relating to the activities,
    see “Exploration and Evaluation Activities and Mineral Properties”.

    ●
    Depreciation
    increased by $139,740 and $472,988 for the three and nine months ended September 30, 2025, respectively, due to significant
    property, plant and equipment acquisitions over the past twelve months. Depreciation for the nine months ended September 30, 2025,
    also includes the acceleration of depreciation on certain software assets.

37

    ●
    General
and administrative expenses increased by $894,641 and $1,537,077 for the three and nine months ended September 30, 2025, respectively.
During Q3 2025, the Company incurred $728,611 in severance and transition costs related to the departure of the Company’s former
Chief Financial Officer. The increase for the nine months ended September