Company: PRMLF
Filing Date: 2025-03-20
Form Type: 10-K
Source: 0001641172-25-000043
Chunk: 453

Company: NexMetals Mining Corp.
Filing Date: 2025-03-20
Form: 10-K
Item: Item 7A
Chunk 453
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  $  
    December 31, 2023 $ 

    Amounts due to related parties (Note 13) 
     1,259,665  
     93,795 
  
    Trade payables 
     2,493,306  
     2,383,196 
  
    Accrued liabilities 
     724,609  
     1,803,155 
  
    Total trade payables
    and accrued liabilities 
     4,477,580  
     4,280,146 

Included
in the amounts due to related parties at December 31, 2024, is $1,168,729 due to the Company’s former Chief Executive Officer related
to his retirement from the Company and is payable in 24 equal monthly installments of $48,697.

8.
LEASE LIABILITIES 

The
following table summarizes quantitative information pertaining to the Company’s finance and operating leases:

SCHEDULE
OF FINANCE AND OPERATING LEASES COST

    2024
                                             $  
    2023 $ 

    Year ended December 31, 

    2024  $  
    2023 $ 
  
    Lease cost 

    Finance lease cost: 

    Amortization of finance lease right-of-use assets 
     317,957  
     204,434 
  
    Interest on lease liabilities 
     114,335  
     301,098 
  
    Short-term operating lease cost 
     1,327,338  
     671,409 
  
    Total lease cost 
     1,759,630  
     1,176,941 

SCHEDULE OF SUPPLEMENTAL CASH FLOWS INFORMATION

    2024
    $  
    2023
    $ 

    Year ended December 31, 

    2024
$  
    2023
$ 
  
    Cash paid for amounts included in the measurement of lease liabilities: 

    Operating cash flows from operating leases 
     1,327,338  
     671,409 
  
    Financing cash flows from finance leases, principal payment 
     1,674,119  
     1,940,808 
  
    Financing cash flows from finance leases, interest payment 
     114,335  
     301,098 
  
    Non-cash additions