Company: PRMLF
Filing Date: 2025-03-20
Form Type: 10-K
Source: 0001641172-25-000043
Chunk: 304

Company: NexMetals Mining Corp.
Filing Date: 2025-03-20
Form: 10-K
Item: Item 1C
Chunk 304
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 Financial Position

The
following amounts are derived from the Company’s consolidated financial statements prepared under US GAAP.

    In Canadian dollars, except number of shares outstanding 
    Three months ended December 31,  
    Year ended December 31, 
  
    Income Statement 
    2024  
    2023  
    2024  
    2023  
    2022 
  
    Net loss 
     11,274,951  
     10,176,556  
     42,420,283  
     32,376,069  
     27,306,350 
  
    Weighted average number of Common Shares outstanding – basic and diluted 
     185,708,588  
     138,475,825  
     168,932,859  
     128,509,525  
     109,661,379 
  
    Basic and diluted loss per share 
     0.06  
     0.07  
     0.25  
     0.25  
     0.25 

    Balance Sheet 
    December 31, 2024  
    December 31, 2023  
    December 31, 2022 
  
    Additional paid-in capital 
     145,025,333  
     116,069,973  
     77,302,736 
  
    Common Shares outstanding 
     185,708,588  
     149,300,920  
     116,521,343 
  
    Total assets 
     24,953,469  
     37,974,205  
     18,411,643 
  
    Current liabilities 
     4,655,182  
     5,891,289  
     12,462,372 

Net
Loss

The net loss of $42,420,283 for the year ended December
31, 2024, was higher by $10,044,214 compared to the prior year net loss of $32,376,069, largely due to increased exploration activities
of $6,787,620 relating to the Botswana assets, an increase of $2,333,076 in general and administrative expenses related to share-based
compensation and the retirement of the Company’s former Chief Executive Officer, and the higher interest expense and accretion on