Company: PRMLF
Filing Date: 2025-05-13
Form Type: 10-Q
Source: 0001641172-25-010011
Chunk: 68

Company: NexMetals Mining Corp.
Filing Date: 2025-05-13
Form: 10-Q
Item: Item 1
Chunk 68
---
,327  
     42,263  
     39,656  
     1,013,246 
  
    Infrastructure and equipment maintenance 
     710,929  
     -  
     -  
     710,929 
  
    Geology 
     567,974  
     26,535  
     -  
     594,509 
  
    Mine development 
     668,619  
     -  
     -  
     668,619 
  
    Electricity 
     863,913  
     4,356  
     -  
     868,269 
  
    Engineering and technical studies 
     842,773  
     11,679  
     -  
     854,452 
  
    Geophysics 
     226,810  
     -  
     -  
     226,810 
  
    Freight, tools, supplies, and other consumables 
     130,195  
     10,964  
     -  
     141,159 
  
    Health and safety 
     93,584  
     -  
     -  
     93,584 
  
    Environmental, social and governance 
     74,408  
     -  
     -  
     74,408 
  
    Share-based compensation 
     199,529  
     6,171  
     -  
     205,700 
  
    Total 
     5,994,153  
     101,968  
     39,656  
     6,135,777 

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