Company: PRMLF
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001493152-25-022391
Chunk: 8

Company: NexMetals Mining Corp.
Filing Date: 2025-11-13
Form: 10-Q
Item: Item 1
Chunk 8
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    Net loss for the period 
      
     (46,321,544) 
     (31,145,332)
  
    Adjustments to reconcile net loss to net cash used in operating activities: 

    DSUs granted 
    11(c) 
     -  
     882,410 
  
    Fair value movement of DSUs 
    11(c) 
     (73,792) 
     (473,820)
  
    Share-based compensation 
    11(c) 
     2,652,573  
     1,712,843 
  
    Depreciation and amortization 
    6 
     1,561,471  
     1,088,483 
  
    Provision for leave and severance 
      
     330,373  
     449,335 
  
    Interest and accretion, net 
      
     190,753  
     765,647 
  
    Accrued interest on lease liability 
      
     -  
     107,238 
  
    Loss on Term Loan extinguishment 
    9 
     5,982,434  
     - 
  
    DSU redemption 
    11(c) 
     (190,446) 
     - 
  
    Impairment loss  
    5 
     501,497  
     - 
  
    Changes in non-cash working capital 

    Prepaid expenses and other receivables 
      
     (942,187) 
     (678,932)
  
    Trade payables and accrued expenses 
      
     1,202,127  
     624,489 
  
    Net cash used in operating activities 
      
     (35,106,741) 
     (26,667,639)

    INVESTING ACTIVITIES 

    Acquisition of property, plant and equipment 
    6 
     (1,681,110) 
     (1,125,850)
  
    Net cash used in investing activities 
      
     (1,681,110) 
     (1,125,850)

    FINANCING ACTIVITIES 

    Proceeds from issuance of units 
    11(a) 
     46,000,000  
     27