Premium Nickel Resources Ltd
For the period ended Dec 31, 2023. Filed Jun 28, 2024.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Jun 28, 2024
NEXM$1.29+1.6%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
| | | | | | | |
|---|---|---|---|---|---|---|
| · Notes · As at December 31, 2023 · As at December 31, 2022 | ||||||
| | | | | $ | | $ |
| ASSETS | | | | | | |
| CURRENT ASSETS | | | | | | |
| Cash and cash equivalents | | | 19,245,628 | 5,162,991 | ||
| Prepaid expenses | | | 900,310 | 470,725 | ||
| Other receivables | 5 | 532,835 | 804,630 | |||
| Spare parts | | | 212,135 | — | ||
| TOTAL CURRENT ASSETS | | | 20,890,908 | 6,438,346 | ||
| | | | | | | |
| NON-CURRENT ASSETS | | | | | | |
| Exploration and evaluation assets | 6,12 | 8,594,798 | 8,578,627 | |||
| Property, plant and equipment | 7 | 8,488,499 | 3,394,670 | |||
| TOTAL NON-CURRENT ASSETS | | | 17,083,297 | 11,973,297 | ||
| TOTAL ASSETS | | | 37,974,205 | 18,411,643 | ||
| | | | | | | |
| LIABILITIES | | | | | | |
| CURRENT LIABILITIES | | | | | | |
| Trade payables and accrued liabilities | 8 | 4,280,146 | 4,025,716 | |||
| Current portion of lease liability | 11 | 1,611,143 | 1,365,697 | |||
| Promissory Note | 9 | — | 7,070,959 | |||
| TOTAL CURRENT LIABILITIES | | | 5,891,289 | 12,462,372 | ||
| NON‑CURRENT LIABILITIES | | | | | | |
| Vehicle financing | | | 236,124 | 164,644 | ||
| Provision for leave and severance | | | 510,202 | 177,941 | ||
| Term Loan | 10 | 17,956,423 | — | |||
| Lease liability | 11 | — | 1,365,697 | |||
| Deferred share units liability | 13 | 884,481 | 298,000 | |||
| NSR Option liability | | 12 | | 2,750,000 | | — |
| TOTAL NON-CURRENT LIABILITIES | | | 22,337,230 | 2,006,282 | ||
| TOTAL LIABILITIES | | | 28,228,519 | 14,468,654 | ||
| | | | | | | |
| SHAREHOLDERS’ EQUITY | | | | | | |
| Common shares (No par value, unlimited common shares authorized; 149,300,920 issued and outstanding) (December 31, 2022 – 116,521,343) | | | — | — | ||
| Preferred shares | | | 31,516 | 31,516 | ||
| Additional paid-in capital | 13 | 116,069,973 | 77,302,736 | |||
| Deficit | | | (104,566,816) | (72,190,747) | ||
| Accumulated other comprehensive loss | | | (1,788,987) | (1,200,516) | ||
| TOTAL SHAREHOLDERS’ EQUITY | | | 9,745,686 | 3,942,989 | ||
| TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY | | | 37,974,205 | 18,411,643 | ||
Nature of Operations and Going Concern (Note 1)
Approved by the Board of Directors on June 28, 2024.
| | |
|---|---|
| /s/ Keith MorrisonKeith MorrisonDirector | /s/ Jason LeBlancJason LeBlancDirector |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.