Company: PRMLF
Filing Date: 2025-03-20
Form Type: 10-K
Source: 0001641172-25-000043
Chunk: 100

Company: NexMetals Mining Corp.
Filing Date: 2025-03-20
Form: 10-K
Item: Item 1A
Chunk 100
---
rying Value $  
    Fair Value $  
    Carrying Value $  
    Fair Value $ 
  
    Lease liabilities 
     Level 2  
     -  
     -  
     1,611,143  
     1,611,143 
  
    DSU liability 
     Level 1  
     941,664  
     941,664  
     884,481  
     884,481 
  
    Vehicle financing 
     Level 2  
     246,137  
     246,137  
     236,124  
     236,124 
  
    Term loan 
     Level 3  
     18,983,212  
     20,862,478  
     17,956,423  
     20,839,975 
  
    NSR option liability 
     Level 2  
     2,750,000  
     2,750,000  
     2,750,000  
     2,750,000 

Lease
liabilities and vehicle financing – The fair values approximate carrying values as the interest rates are comparable to current
market rates.

DSU
liability – the fair value of the DSUs is measured using the closing price of the Company’s Common Shares at the end of each
reporting period.

Term
loan – the term loan is carried at amortized cost. The fair value measurement of the term loan was based on an income approach.

    F-30

Notes
to the Consolidated Financial Statements

For
the years ended December 31, 2024 and 2023
(Expressed
in Canadian dollars)

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 December
31, 2024 and December 31, 2023 is nil.

15.
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 Year Before