Company: PRMLF
Filing Date: 2025-03-20
Form Type: 10-K
Source: 0001641172-25-000043
Chunk: 79

Company: NexMetals Mining Corp.
Filing Date: 2025-03-20
Form: 10-K
Item: Item 1A
Chunk 79
---
335  
     301,098 
  
    Short-term operating lease cost 
     1,327,338  
     671,409 
  
    Total lease cost 
     1,759,630  
     1,176,941 

SCHEDULE OF SUPPLEMENTAL CASH FLOWS INFORMATION

    2024
    $  
    2023
    $ 

    Year ended December 31, 

    2024
$  
    2023
$ 
  
    Cash paid for amounts included in the measurement of lease liabilities: 

    Operating cash flows from operating leases 
     1,327,338  
     671,409 
  
    Financing cash flows from finance leases, principal payment 
     1,674,119  
     1,940,808 
  
    Financing cash flows from finance leases, interest payment 
     114,335  
     301,098 
  
    Non-cash additions (reductions) to right-of-use assets and lease liabilities: 

    Recognition of right-of-use assets for finance leases 
     -  
     1,023,615 
  
    Depreciation of right-of-use assets for finance leases 
     (317,957) 
     (204,434)

Finance
Leases

Syringa
Lodge

In
July 2022, the Company executed a sales agreement (the “Lodge Agreement”) with Tuli Tourism Pty Ltd. (the “Seller”)
for the Syringa Lodge in Botswana.

    F-19

Notes
to the Consolidated Financial Statements

For
the years ended December 31, 2024 and 2023

(Expressed
in Canadian dollars)

Pursuant
to the Lodge Agreement, the aggregate purchase price payable to the Seller shall be the sum of $3,213,404 (BWP 30,720,000), payable in
three installments. A deposit of $482,011 (BWP 4,608,000) was paid in August 2022, and a second installment of $1,306,906 (BWP 13,056,000)
was paid in July 2023. The Company paid 50% of the final installment of $653,061 (BWP 6,528,000) on September 12, 2024, and paid the
final