Company: PRMLF
Filing Date: 2025-03-20
Form Type: 10-K
Source: 0001641172-25-000043
Chunk: 182

Company: NexMetals Mining Corp.
Filing Date: 2025-03-20
Form: 10-K
Item: Item 1B
Chunk 182
---
361  
     248,343  
     -  
     1,314,704 
  
    Geophysics 
     993,152  
     107,942  
     -  
     1,101,094 
  
    Freight, tools, supplies, and other consumables 
     915,925  
     10,417  
     -  
     926,342 
  
    Health and safety 
     319,146  
     44  
     -  
     319,190 
  
    Environmental, social and governance 
     302,737  
     -  
     -  
     302,737 
  
    Share-based compensation 
     567,335  
     141,833  
     -  
     709,168 
  
    Total 
     28,017,207  
     1,477,696  
     156,457  
     29,651,360 

-32-

Off-Balance
Sheet Arrangements

There
are no off-balance sheet arrangements as at December 31, 2024.

Financial
Instruments

ASC
820 - Fair Value Measurement establishes a three-tier fair value hierarchy. The fair value hierarchy’s three tiers are based
on the extent to which inputs used in measuring fair value are observable in the market, and are as follows:

  Level 1: 
  Quoted prices (unadjusted) in active markets for identical
assets or liabilities;

  Level 2: 
  Inputs other than quoted prices included within Level 1 that
are observable for the asset or liability, either directly or indirectly; and

  Level 3: 
  One or more significant inputs used in a valuation technique
are unobservable in determining fair values of the asset or liability.

Determination
of fair value and the resulting hierarchy requires the use of observable market data whenever available. The classification of an asset
or liability in the hierarchy is based upon the lowest level of input that is significant to the measurement of fair value.

The
carrying value of cash and cash equivalents, trade payables and accrued liabilities approximate their fair value due to their short-term
nature, and therefore have been excluded from the table below. A summary of the carrying value and fair value of other financial instruments
were as follows:

    December 31, 2024