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

Company: NexMetals Mining Corp.
Filing Date: 2025-05-13
Form: 10-Q
Item: Item 1
Chunk 13
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 detailed in the table below:

SCHEDULE OF OTHER RECEIVABLES 

    March 31, 2025 $  
    December 31, 2024 $ 

    HST paid on purchases 
     453,594  
     503,235 
  
    VAT paid on purchases 
     284,780  
     468,787 
  
    Other receivables, net 
     738,374  
     972,022 

 5. EXPLORATION AND EVALUATION ASSETS

The exploration and evaluation assets of the
Company consist of the acquisition costs of mining assets located in Botswana:

SCHEDULE
OF EXPLORATION AND EVALUATION ASSETS 

    Selebi $  
    Selkirk $  
    Total $ 

    Botswana  

    Selebi $  
    Selkirk $  
    Total $ 

    Balance, December 31, 2023 
     8,285,523  
     309,275  
     8,594,798 
  
    Foreign currency translation 
     242,955  
     9,068  
     252,023 
  
    Balance, December 31, 2024 
     8,528,478  
     318,343  
     8,846,821 
  
    Balance 
     8,528,478  
     318,343  
     8,846,821 

    Foreign currency translation 
     175,932  
     6,566  
     182,498 
  
    Balance, March 31, 2025 
     8,704,410  
     324,909  
     9,029,319 
  
    Balance 
     8,704,410  
     324,909  
     9,029,319 

The following is a description of the Company’s
exploration and evaluation assets and the related spending commitments:

Botswana Assets - Selebi and Selkirk

In September 2021, the Company executed the Selebi
Asset Purchase Agreement (“Selebi APA”) with the BCL Limited (“BCL”) liquidator to acquire the
Selebi Mines formerly operated by BCL. In January 2022, the Company closed the transaction and ownership of the Selebi Mines transferred
to the Company.