Company: PRMLF
Filing Date: 2025-05-13
Form Type: 10-Q
Source: 0001641172-25-010011
Chunk: 22

Company: NexMetals Mining Corp.
Filing Date: 2025-05-13
Form: 10-Q
Item: Item 1
Chunk 22
---
,488,405 

    Balance – March 31, 2025 
     2,828,030  
     4,738,815  
     184,332  
     269,746  
     34,745  
     8,055,668 
  
    Balance,  Carrying  Value 
     2,828,030  
     4,738,815  
     184,332  
     269,746  
     34,745  
     8,055,668 

Note:

(1)Land and Buildings contains the Syringa Lodge
                                            right-of-use (“ROU”) asset and Equipment contains the drilling equipment
                                            supply agreement ROU asset. The Company obtained full title to these assets during the year
                                            ended December 31, 2024.

    16
     Notes to the Unaudited Condensed Interim Consolidated Financial StatementsFor the three months ended March 31, 2025 and 2024(Expressed in Canadian dollars)

 7. TRADE PAYABLES AND ACCRUED LIABILITIES

A summary of trade payables and accrued liabilities
is detailed in the table below:

SCHEDULE
OF TRADE PAYABLES AND ACCRUED LIABILITIES 

    March 31, 2025 $  
    December 31, 2024 $ 

    Amounts due to related parties (Note 11) 
     47,298  
     1,259,665 
  
    Trade payables 
     3,455,684  
     2,493,306 
  
    Accrued liabilities 
     1,742,861  
     724,609 
  
    Share issuance costs payable 
     1,973,954  
     - 
  
    Total 
     7,219,797  
     4,477,580 
  
    Less: current portion 
     6,781,524  
     3,893,216 
  
    Non-current portion 
     438,273  
     584,364 

Included in trade payables at March 31, 2025
is $1,022,638 due to the Company’s former Chief Executive Officer related to his retirement from the Company and is payable in
equal monthly installments of $48,697 until December 31, 202