Company: PRMLF
Filing Date: 2025-03-20
Form Type: 10-K
Source: 0001641172-25-000043
Chunk: 431

Company: NexMetals Mining Corp.
Filing Date: 2025-03-20
Form: 10-K
Item: Item 7A
Chunk 431
---
313 
  
    Share issue costs 
      
     (358,746) 
     (2,808,231)
  
    Proceeds from exercise of options and warrants 
      
     -  
     175,000 
  
    Term Loan proceeds, net of fees 
      
     -  
     19,605,000 
  
    A&R Promissory Note repayment 
    11 
     -  
     (7,000,000)
  
    Vehicle loan repayments, net of financing 
      
     (6,155) 
     (115,830)
  
    Lease payments 
    8 
     (1,788,454) 
     (2,241,906)
  
    NSR Option 
    10 
     -  
     2,750,000 
  
    Net cash provided by financing activities 
      
     25,346,644  
     50,138,346 

    Effect of exchange rate changes on cash and cash equivalents 
      
     135,326  
     (1,337,885)
  
    Change in cash and cash equivalents for the year 
      
     (13,139,695) 
     14,082,637 
  
    Cash and cash equivalents at the beginning of the year 
      
     19,245,628  
     5,162,991 
  
    Cash and cash equivalents at the end of the year 
      
     6,105,933  
     19,245,628 

    Supplemental cash flow information 

    Income taxes paid 
      
     -  
     - 
  
    Interest paid 
      
     2,213,032  
     1,633,888 

The
accompanying notes are an integral part of these consolidated financial statements.

F-7

Notes
to the Consolidated Financial Statements

For
the years ended December 31, 2024 and 2023

(Expressed
in Canadian dollars)

  1. NATURE OF OPERATIONS AND GOING CONCERN

Premium
Resources Ltd. and its wholly-owned subsidiaries’ (collectively, the “Company” or
“PREM” and formerly Premium Nickel Resources Ltd.) principal business activity is the exploration and evaluation
of PRE