Company: PRMLF
Filing Date: 2025-03-20
Form Type: 10-K
Source: 0001641172-25-000043
Chunk: 427

Company: NexMetals Mining Corp.
Filing Date: 2025-03-20
Form: 10-K
Item: Item 7A
Chunk 427
---
 these consolidated financial statements.

Approved
by the Board of Directors on March 19, 2025.

    “signed”
    Paul
    Martin
    Director and Interim Chief Executive Officer
    “signed”
    Jason
    LeBlanc
    Director

F-4

Consolidated
Statements of Operations and Comprehensive Loss

(Expressed
in Canadian dollars)

    2024  
    2023 

    Year ended December 31, 

    2024  
    2023 

    Notes 
    $  
    $ 

    EXPENSES 

    General exploration expenses 
    5 
     29,651,360  
     22,863,740 
  
    Depreciation and amortization 
      
     1,581,270  
     744,783 
  
    General and administrative expenses 
    18 
     7,980,178  
     5,647,102 
  
    DSUs granted 
    12(e) 
     1,020,523  
     798,122 
  
    Fair value movement of DSUs 
    12(e) 
     (963,340) 
     (128,114)
  
    Net foreign exchange loss 
      
     408,086  
     395,020 
  
    LOSS FOR THE YEAR BEFORE OTHER ITEMS 
      
     39,678,077  
     30,320,653 

    OTHER ITEMS 

    Interest (income) expense, net 
      
     (114,114) 
     222,387 
  
    Interest expense and accretion on Term Loan 
    9 
     3,109,319  
     1,675,013 
  
    Interest expense and accretion on A&R Promissory Notes 
    11 
     -  
     682,547 
  
    Other income 
      
     (252,999) 
     - 
  
    NET LOSS BEFORE TAX 
      
     42,420,283  
     32,900,600 

    Deferred tax recovery 
    17 
     -  
     (524,531)
  
    NET LOSS FOR THE YEAR 
      
     42,420,283  
     32,376,069