Company: PRMLF
Filing Date: 2025-05-13
Form Type: 10-Q
Source: 0001641172-25-010011
Chunk: 0

Company: NexMetals Mining Corp.
Filing Date: 2025-05-13
Form: 10-Q
Item: Item 1
Chunk 0
---
(Formerly Premium
Nickel Resources Ltd.)

Unaudited Condensed
interim Consolidated Financial Statements

For the three months ended March 31, 2025 and 2024

In accordance with generally accepted
accounting principles in the United States and pursuant to the rules and regulations of the U.S. Securities and Exchange Commission and
stated in Canadian dollars, unless otherwise indicated

INDEX	

Unaudited Condensed Interim Consolidated Financial Statements

▪Unaudited
                                            Condensed Interim Consolidated Balance Sheets

▪Unaudited
                                            Condensed Interim Consolidated Statements of Operations and Comprehensive Loss

▪Unaudited
                                            Condensed Interim Consolidated Statements of Changes in Shareholders’ (Deficiency)
                                            Equity

▪Unaudited
                                            Condensed Interim Consolidated Statements of Cash Flows

▪Notes
                                            to the Unaudited Condensed Interim Consolidated Financial Statements

4

Unaudited Condensed Interim Consolidated Balance Sheets

(Expressed in Canadian dollars)

    Notes 
    March 31, 2025
    $  
    December 31, 2024
    $ 

    As at 

    Notes 
    March 31, 2025
    $  
    December 31, 2024
    $ 
  
    ASSETS 

    CURRENT ASSETS 

    Cash and cash equivalents	 
    3 
     45,466,839  
     6,105,933 
  
    Prepaid expenses 
      
     491,265  
     540,288 
  
    Other receivables 
    4 
     738,374  
     972,022 
  
    TOTAL CURRENT ASSETS	 
      
     46,696,478  
     7,618,243 

    NON-CURRENT ASSETS 

    Exploration and evaluation assets 
    5 
     9,029,319  
     8,846,821 
  
    Property, plant and equipment 
    6 
     8,055,668  
     8,488,405 
  
    TOTAL NON-CURRENT ASSETS 
      
     17,084,987  
     17,335,226 
  
    TOTAL ASSETS 
      
     63,781,465  
     24,953,469