Company: PRMLF
Filing Date: 2025-03-20
Form Type: 10-K
Source: 0001641172-25-000043
Chunk: 443

Company: NexMetals Mining Corp.
Filing Date: 2025-03-20
Form: 10-K
Item: Item 7A
Chunk 443
---
 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 receivables, net 
     972,022  
     532,835 

5. EXPLORATION
AND EVALUATION ASSETS

The
exploration and evaluation assets of the Company consist of the acquisition costs of mining assets located in Botswana:

SCHEDULE
OF EXPLORATION AND EVALUATION ASSETS

    Selebi $  
    Selkirk $  
    Total $ 

    Botswana  

    Selebi $  
    Selkirk $  
    Total $ 

    Balance, December 31, 2022 
     8,251,518  
     327,109  
     8,578,627 
  
    Additions 
     483,883  
     -  
     483,883 
  
    Foreign currency translation 
     (449,878) 
     (17,834) 
     (467,712)
  
    Balance, December 31, 2023