Company: PRMLF
Filing Date: 2025-03-20
Form Type: 10-K
Source: 0001641172-25-000043
Chunk: 31

Company: NexMetals Mining Corp.
Filing Date: 2025-03-20
Form: 10-K
Item: Item 1A
Chunk 31
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 be affected by many factors such as timing of exploration
activity, share-based compensation costs, capital raised, marketing activities and other factors that affect the Company’s exploration
and evaluation activities.

-24-

The
following table summarizes the Company’s Operations for the three-month and twelve-month periods ended December 31, 2024, and December
31, 2023:

    Three months ended December 31,  
    Year ended December 31, 

    2024 $  
    2023
$  
    2024 $  
    2023
$ 

    EXPENSES 

    General exploration expenses 
     7,714,199  
     6,903,046  
     29,651,360  
     22,863,740 
  
    Depreciation and amortization 
     492,787  
     503,523  
     1,581,270  
     744,783 
  
    General and administrative expenses 
     2,949,052  
     2,104,114  
     7,980,178  
     5,647,102 
  
    DSUs granted 
     138,113  
     234,122  
     1,020,523  
     798,122 
  
    Fair value movement of DSUs 
     (489,520) 
     (122,638) 
     (963,340) 
     (128,114)
  
    Net foreign exchange loss 
     47,725  
     138,103  
     408,086  
     395,020 
  
    LOSS FOR THE YEAR BEFORE OTHER ITEMS 
     10,852,356  
     9,760,270  
     39,678,077  
     30,320,653 

    Interest (income) expense, net 
     (116,547) 
     (5,919) 
     (114,114) 
     222,387 
  
    Interest expense and accretion on Term Loan and A&R Promissory Notes 
     792,141  
     946,736  
     3,109,319  
     2,357,560 
  
    Other income 
     (252,999) 
     -