Company: PRMLF
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001493152-25-022391
Chunk: 9

Company: NexMetals Mining Corp.
Filing Date: 2025-11-13
Form: 10-Q
Item: Item 1
Chunk 9
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,499,999 
  
    Share issue costs 
    9,11(a) 
     (2,371,203) 
     (295,578)
  
    Vehicle loan financing, net of repayments 
      
     67,611  
     44,345 
  
    Mortgage financing 
    8 
     1,413,144  
     - 
  
    Lease payments 
      
     -  
     (1,112,496)
  
    Net cash provided by financing activities 
      
     45,109,552  
     26,136,270 

    Effect of exchange rate changes on cash and cash equivalents 
      
     (309,791) 
     (230,032)
  
    Change in cash and cash equivalents for the period 
      
     8,011,910  
     (1,887,251)
  
    Cash and cash equivalents at the beginning of the period 
      
     6,105,933  
     19,245,628 
  
    Cash and cash equivalents at the end of the period 
      
     14,117,843  
     17,358,377 

    Supplemental cash flow information 

    Income taxes paid 
      
     -  
     - 
  
    Interest paid 
      
     301,156  
     1,682,379 

See
Note 9 and 11(a) for noncash Financing Activities.

The
accompanying notes are an integral part of these unaudited condensed interim consolidated financial statements.

7

Notes
to the Unaudited Condensed Interim Consolidated Financial Statements

For
the three and nine months ended September 30, 2025 and 2024

(Expressed
in Canadian dollars)

1.
NATURE OF OPERATIONS AND GOING CONCERN

a)
Nature of Operations

NexMetals
Mining Corp. and its wholly owned subsidiaries’ (collectively, the “Company” or “NEXM”
and formerly Premium Resources Ltd.) principal business activity is the exploration and evaluation of the Selebi and Selebi North
nickel-copper-cobalt (“Ni-Cu-Co”) mines in Botswana and related infrastructure (together, the “Selebi
Mines”), as well as the nickel, copper, cobalt