Company: PRMLF
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001493152-25-011913
Chunk: 15

Company: NexMetals Mining Corp.
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 8
Chunk 15
---
,163  
     5,561,610  
     176,721  
     415,547  
     7,785  
     8,887,826 

Note:

(1)Land
                                            and Buildings contains the Syringa Lodge right-of-use (“ROU”) asset and
                                            Equipment contains the drilling equipment supply agreement ROU asset. The Company obtained
                                            full title to these assets during the year ended December 31, 2024.

(2)Included
                                            within Equipment is $945,296 related to the Selebi Hinge deep drill and other capital components
                                            that were in transit at June 30, 2025, which are currently non-depreciable.

    16

Notes to the Unaudited Condensed Interim Consolidated Financial Statements

For the three and six months ended June 30, 2025 and 2024

(Expressed in Canadian dollars)

7. TRADE PAYABLES AND ACCRUED LIABILITIES

A
summary of trade payables and accrued liabilities is detailed in the table below:

SCHEDULE
OF TRADE PAYABLES AND ACCRUED LIABILITIES 

    June
                                            30, 2025   $  
    December
                                            31, 2024   $ 

    Amounts due to related parties (Note 11) 
     37,042  
     1,259,665 
  
    Trade payables 
     3,280,133  
     2,493,306 
  
    Accrued liabilities 
     1,787,159  
     724,609 
  
    Total 
     5,104,334  
     4,477,580 
  
    Less: current portion 
     4,812,152  
     3,893,216 
  
    Non-current portion 
     292,182  
     584,364 

Included
in accrued liabilities at June 30, 2025 is $876,547 due to the Company’s former Chief Executive Officer related to his retirement from the Company and is payable
in equal monthly installments of $48,697 until December 31, 2026. The Company has reported $584,365 of this amount
as current at June 30, 2025. For the year ended December 31, 2024, the corresponding amount of $1,168,