Company: PRMLF
Filing Date: 2025-03-20
Form Type: 10-K
Source: 0001641172-25-000043
Chunk: 68

Company: NexMetals Mining Corp.
Filing Date: 2025-03-20
Form: 10-K
Item: Item 1A
Chunk 68
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 final standard on improvements to income
tax disclosures. The standard requires disaggregated information about a reporting entity’s effective tax rate reconciliation as
well as information on income taxes paid. This ASU becomes effective January 1, 2025. The Company is assessing the impact of this ASU,
and upon adoption, may be required to include certain additional disclosures in the notes to its financial statements.

b)ASU
                                            2024-03, Income Statement—Reporting Comprehensive Income—Expense Disaggregation
                                            Disclosures

In
November 2024, FASB issued an ASU which will require entities to provide disaggregated disclosure of specified categories of expenses
that are included on the face of the income statement, including: purchases of inventory, employee compensation, depreciation, amortization
and depletion. This ASU becomes effective January 1, 2027. The Company is assessing the impact of this ASU, and upon adoption, may be
required to include certain additional disclosures in the notes to its financial statements.

    F-15

Notes
to the Consolidated Financial Statements

For
the years ended December 31, 2024 and 2023

(Expressed
in Canadian dollars)

  3. CASH AND CASH EQUIVALENTS

A
summary of the Company’s cash and cash equivalents is detailed in the table below:

SCHEDULE OF CASH AND CASH EQUIVALENTS 

    December
                                            31, 2024 $  
    December
                                            31, 2023 $ 

    Cash 
     4,015,933  
     19,245,628 
  
    Short-term deposits 
     2,090,000  
     - 
  
    Cash and cash equivalents 
     6,105,933  
     19,245,628 

  4. OTHER RECEIVABLES

A
summary of the Company’s other receivables is detailed in the table below:

SCHEDULE OF OTHER RECEIVABLES 

    December
                                            31, 2024 $  
    December
                                            31, 2023 $ 

    HST paid on purchases 
     503,235  
     301,618 
  
    VAT paid on purchases 
     468,787  
     223,776 
  
    Other receivables 
     -  
     7,441 
  
    Other rece