Company: PRMLF
Filing Date: 2025-05-13
Form Type: 10-Q
Source: 0001641172-25-010011
Chunk: 40

Company: NexMetals Mining Corp.
Filing Date: 2025-05-13
Form: 10-Q
Item: Item 1
Chunk 40
---
 rate. As the NSR options are exercisable entirely at the discretion of Cymbria and the underlying
projects are in the exploration stage, the fair value of the call and put on the options as at March 31, 2025 and December 31, 2024 is
$nil.

 13. SEGMENTED INFORMATION

The Company has identified its Chief Executive
Officer as its Chief Operating Decision Maker (“CODM”). The CODM evaluates the Company’s performance and segmented
results based on Loss for the Period Before Other Items. The significant segment expenses reviewed by the CODM are consistent with the
expense line items presented in Loss for the Period Before Other Items in the Company’s unaudited condensed interim consolidated
statements of operations and comprehensive loss. The CODM uses Loss for the Period Before Other Items to assess segment performance against
the Company’s planned results, and to allocate capital investment.

    26
     Notes to the Unaudited Condensed Interim Consolidated Financial StatementsFor the three months ended March 31, 2025 and 2024(Expressed in Canadian dollars)

The Company operates in one reportable operating
segment being that of the acquisition, exploration and evaluation of mineral properties in three geographic segments, being Botswana,
Barbados and Canada. The Company’s geographic segments are as follows:

  SCHEDULE OF INFORMATION ABOUT COMPANY'S GEOGRAPHIC SEGMENTS

    March 31, 2025 $   
    December 31, 2024 $ 
  
    Current assets 

    Canada 
     41,731,641  
     4,066,121 
  
    Barbados 
     441,913  
     89,446 
  
    Botswana 
     4,522,924  
     3,462,676 
  
    Total 
     46,696,478  
     7,618,243 
  
    Current
    assets 
     46,696,478  
     7,618,243 

    Exploration and evaluation assets 

    Botswana 
     9,029,319  
     8,846,821 
  
    Exploration
    and evaluation assets 
     9,029,319  
     8,846,821 

    Property, plant and equipment 

    Botswana 
     8,055,668  
     8,488,405 
  
    Property, plant and