Company: PRMLF
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001493152-25-022391
Chunk: 27

Company: NexMetals Mining Corp.
Filing Date: 2025-11-13
Form: 10-Q
Item: Item 1
Chunk 27
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062,031 
  
    Balance, Carrying Value 
     2,753,765  
     5,737,713  
     173,686  
     391,774  
     5,093  
     9,062,031 

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.

    15

Notes
to the Unaudited Condensed Interim Consolidated Financial Statements

For
the three and nine months ended September 30, 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

    September 30, 2025  $  
    December 31, 2024  $ 

    Amounts due to related parties (Note 12) 
     11,500  
     1,259,665 
  
    Trade payables 
     3,643,080  
     2,493,306 
  
    Accrued liabilities 
     963,930  
     724,609 
  
    Severance payable 
     1,328,372  
     - 
  
    Total 
     5,946,882  
     4,477,580 
  
    Less: current portion 
     5,800,791  
     3,893,216 
  
    Non-current portion 
     146,091  
     584,364 

Severance
payable at September 30, 2025 includes amounts due to the Company’s former Chief Executive Officer and Chief Financial Officer
related to their departures from the Company, of which: $48,697
is payable in equal monthly installments until December 31, 2026, and $59,792
is payable in equal monthly installments until July 31, 2026, respectively. The Company has reported $1,182,281
of this amount as current and $146,091 as non-current at September 30,