Company: PRMLF
Filing Date: 2025-03-20
Form Type: 10-K
Source: 0001641172-25-000043
Chunk: 458

Company: NexMetals Mining Corp.
Filing Date: 2025-03-20
Form: 10-K
Item: Item 7A
Chunk 458
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the years ended December 31, 2024 and 2023

(Expressed
in Canadian dollars)

The
following is a continuity of the Term Loan:

SCHEDULE
OF CONTINUITY OF TERM LOAN

    $ 
  
    Principal amount of the Term Loan 
     15,000,000 
  
    Fair value of the Non-Transferrable Warrants 
     (1,435,350)
  
    Term Loan at fair value on issuance, June 28, 2023 
     13,564,650 
  
    Transaction costs 
     (787,175)
  
    Accrued interest 
     390,411 
  
    Accretion of warrant value and transaction costs 
     631,540 
  
    Interest paid 
     (390,411)
  
    Fair value of Term Loan as of December 14, 2023 
     13,409,015 
  
    Additional principal amount of Term Loan on December 14, 2023 
     5,882,353 
  
    Term Loan issue discount 
     (882,353)
  
    Fair value of the Additional Warrants 
     (275,961)
  
    Transaction fee for modification 
     (219,212)
  
    Fair value of modified Term Loan as of December 14, 2023 
     17,913,842 
  
    Accrued interest 
     402,981 
  
    Accretion of warrant value and transaction costs 
     42,581 
  
    Interest paid 
     (402,981)
  
    Term Loan balance, December 31, 2023 
     17,956,423 
  
    Accrued interest 
     2,082,530 
  
    Accretion of warrant value and transaction costs 
     1,026,789 
  
    Interest paid 
     (2,082,530)
  
    Term Loan balance, December 31, 2024 
     18,983,212 

 Fort Capital Partners acted as financial advisor to the Company on the debt portion of the 2023 Financing Transactions and was paid cash fees of $375,000 and $147,059, equal to 2.5% of the original principal amount and the Additional Principal Amount, respectively. Legal fees related to the 2023 Financing Transactions totaled $736,067, of which $495,471 was allocated to