Company: PRMLF
Filing Date: 2025-03-20
Form Type: 10-K
Source: 0001641172-25-000043
Chunk: 353

Company: NexMetals Mining Corp.
Filing Date: 2025-03-20
Form: 10-K
Item: Item 1C
Chunk 353
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     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 (reductions) to right-of-use assets and lease liabilities: 

    Recognition of right-of-use assets for finance leases 
     -  
     1,023,615 
  
    Depreciation of right-of-use assets for finance leases