Company: PRMLF
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001493152-25-011913
Chunk: 67

Company: NexMetals Mining Corp.
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 8
Chunk 67
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    BWP  
     +5%  
     56,906  
     -5% 
     (56,906)

Credit
Risk

The
Company’s credit risk is primarily associated with its cash and cash equivalents. The Company’s exposure to credit risk arises
from the potential default of the counterparty to its cash and cash equivalents, and the maximum exposure is limited to the carrying
value of these instruments. The Company limits exposure to credit risk on its cash and cash equivalents by holding these instruments
at highly-rated financial institutions.

Liquidity
Risk

Liquidity
risk is the risk that the Company will encounter difficulty in meeting obligations associated with financial liabilities that are settled
by delivering cash or another financial asset. The Company manages the liquidity risk inherent in these financial obligations by regularly
monitoring actual cash flows against its budget, which forecasts expected cash availability to meet future obligations. The Company will
defer discretionary expenditures, as required, in order to manage and conserve cash required for current liabilities.

44

The
following table shows the Company’s undiscounted contractual obligations as at June 30, 2025:

    Less than 1 year $  
    1 - 2 years $  
    2 - 5 years $  
    Total $ 
  
    Trade payables and accrued liabilities 
     4,812,152  
     292,182  
     -  
     5,104,334 
  
    Vehicle financing 
     180,949  
     105,480  
     56,282  
     342,711 

     4,993,101  
     397,662  
     56,282  
     5,447,045 

The
DSU liability of $1,120,153 is not presented in the above liquidity analysis as management considers it not practical to allocate the
amounts into maturity groupings.

The
above table does not include the second instalment under the Selebi APA of $34,107,500 (US$25,000,000) which is due January 31, 2026
(see “Contractual Obligations and Contingencies”) as the liability has not yet been recognized. This instalment payment
may require the Company to raise additional funding as the Company does not currently have sufficient funds to meet this obligation.

Off-Balance
Sheet Arrangements

There
are