Company: PRMLF
Filing Date: 2025-03-20
Form Type: 10-K
Source: 0001641172-25-000043
Chunk: 325

Company: NexMetals Mining Corp.
Filing Date: 2025-03-20
Form: 10-K
Item: Item 1C
Chunk 325
---
 and consider these to appropriately
    reflect the assessments that management has performed.

We
have served as the Company’s auditor since 2022.

     MNP
    LLP
  
    Chartered
    Professional Accountants;

    Licensed
    Public Accountants

    Ottawa,
    Canada

    March
    19, 2025

    PCAOB
    ID: 1930

F-3

Consolidated
Balance Sheets

(Expressed
in Canadian dollars)

    As at 

    Notes 
    December
31, 2024$  
    December 31, 2023 $ 
  
    ASSETS 

    CURRENT ASSETS 

    Cash and cash equivalents 
    3 
     6,105,933  
     19,245,628 
  
    Prepaid expenses 
      
     540,288  
     900,310 
  
    Other receivables 
    4 
     972,022  
     532,835 
  
    TOTAL CURRENT ASSETS 
      
     7,618,243  
     20,678,773 

    NON-CURRENT ASSETS 

    Exploration and evaluation assets 
    5 
     8,846,821  
     8,594,798 
  
    Property, plant and equipment 
    6 
     8,488,405  
     8,700,634 
  
    TOTAL NON-CURRENT ASSETS 
      
     17,335,226  
     17,295,432 
  
    TOTAL ASSETS 
      
     24,953,469  
     37,974,205 

    LIABILITIES 

    CURRENT LIABILITIES 

    Trade payables and accrued liabilities 
    7 
     4,477,580  
     4,280,146 
  
    Lease liabilities 
    8 
     -  
     1,611,143 
  
    Current portion of DSU liability 
    12(e) 
     177,602  
     - 
  
    TOTAL CURRENT LIABILITIES 
      
     4,655,182  
     5,891,289 

    NON-CURRENT LIABILITIES 

    Vehicle financing 
      
     246,137  
     236,124