Company: PRMLF
Filing Date: 2025-05-13
Form Type: 10-Q
Source: 0001641172-25-010011
Chunk: 2

Company: NexMetals Mining Corp.
Filing Date: 2025-05-13
Form: 10-Q
Item: Item 1
Chunk 2
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     (1,037,062) 
     (1,516,810)
  
    TOTAL SHAREHOLDERS’ (DEFICIENCY) EQUITY 
      
     51,585,858  
     (3,447,060)
  
    TOTAL LIABILITIES AND SHAREHOLDERS’ (DEFICIENCY) EQUITY 
      
     63,781,465  
     24,953,469 

Nature of Operations and Going Concern (Note 1)

The accompanying notes are an integral part of these unaudited condensed
interim consolidated financial statements.

Approved by the Board of Directors on May 13, 2025.

    “signed”
    Morgan Lekstrom
    Director and Chief Executive Officer
    “signed”
    Jason LeBlanc
    Director	

5

Unaudited Condensed Interim Consolidated Statements of Operations
and Comprehensive Loss

(Expressed in Canadian dollars)

    Three months ended March 31, 

    2025  
    2024 

    Notes 
    $  
    $ 

    EXPENSES 

    General exploration expenses 
    5 
     6,135,777  
     6,714,459 
  
    Depreciation and amortization 
      
     635,828  
     364,228 
  
    General and administrative expenses 
    15 
     1,660,382  
     1,197,700 
  
    Investor relations and communications 
      
     209,398  
     74,704 
  
    DSUs granted 
    10(e) 
     -  
     281,249 
  
    Fair value movement of DSUs 
    10(e) 
     (10,824) 
     (226,602)
  
    Net foreign exchange loss 
      
     251,425  
     66,014 
  
    LOSS FOR THE PERIOD BEFORE OTHER ITEMS 
      
     8,881,986  
     8,471,752 

    OTHER ITEMS 

    Interest (income) expense, net 
      
     (64,461) 
     115,318 
  
    Interest expense and accretion on Term Loan 
    8 
     428,371  
     760,110