Company: PRMLF
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001493152-25-011913
Chunk: 50

Company: NexMetals Mining Corp.
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 8
Chunk 50
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itures or activities are contemplated on the Halcyon property at this time.

Maniitsoq
Nickel-Copper-PGM Project, Southwest Greenland

In
December 2024, the Company notified the Government of Greenland that it was relinquishing its licences effective immediately. The Company
is expecting final approval from authorities pending the removal of remaining structures. The Company provisioned $140,000 for the three
and six months ended June 30, 2025 (three and six months ended June 30, 2024 - $nil) for the remediation work at the property.

35

Selected
Financial Information and Financial Position

The
following amounts are derived from the Company’s unaudited condensed interim consolidated financial statements prepared under US
GAAP.

    In Canadian dollars, except number of shares outstanding 
    Three months ended  June 30,  
    Six months ended  June 30, 
  
    Income Statement 
    2025  
    2024  
    2025  
    2024 
  
    Net loss 
     15,088,746  
     9,793,192  
     30,317,076  
     19,140,372 
  
    Weighted average number of Common Shares outstanding – basic and diluted 
     21,449,318  
     7,748,629  
     16,341,832  
     7,609,994 
  
    Basic and diluted loss per share 
     0.70  
     1.26  
     1.86  
     2.52 

    As at 
  
    Balance Sheet 
    June 30, 2025  
    December 31, 2024 
  
    Additional paid-in capital 
     215,735,416  
     145,025,333 
  
    Common Shares outstanding 
     21,449,318  
     9,285,424 
  
    Total assets 
     47,053,874  
     24,953,469 
  
    Current liabilities 
     5,496,030  
     4,207,753 

Net
Loss

The
net loss of $15,088,746 for the three months ended June 30, 2025 was higher by $5,295,554 compared to the prior year comparable period
of $9,793