Premium Nickel Resources Ltd
For the period ended Mar 31, 2024. Filed Jul 12, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed Jul 12, 2024
NEXM$1.21-5.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Unaudited Condensed Interim Consolidated Statements of Cash Flows
| | | | | |
|---|---|---|---|---|
| | Three months Ended | |||
| | March 31, 2024 | March 31, 2023 | ||
| | | $ | | $ |
| OPERATING ACTIVITIES | ||||
| Net loss for the period | (9,347,180) | | (6,367,772) | |
| Interest payment on term loan | | (519,206) | | — |
| Items not affecting cash: | | | | |
| Deferred share units granted | 281,249 | | 173,292 | |
| Fair value movement of deferred share units | (226,602) | | (16,000) | |
| Depreciation | 364,228 | | 45,762 | |
| Provision for leave and severance | 123,102 | | 86,496 | |
| Accrued interests and accretion on loans | 760,110 | | 211,110 | |
| Share-based payment | 389,612 | | — | |
| Changes in non-cash working capital and non-current liability | | | | |
| Prepaid expenses and other receivables | 142,492 | | 100,518 | |
| Trade payables and accrued expenses | (523,454) | | 17,581 | |
| Spare parts | (966,806) | | (212,135) | |
| Net cash used in operating activities | (9,522,455) | | (5,961,148) | |
| | | | | |
| INVESTING ACTIVITIES | | | | |
| Acquisition of property, plant and equipment | (85,096) | | (1,000,000) | |
| Net cash used in investing activities | (85,096) | | (1,000,000) | |
| | | | | |
| FINANCING ACTIVITIES | | | | |
| Proceeds from issuance of units | — | | 7,765,072 | |
| Share issue costs | — | | (473,383) | |
| Vehicle loan payment | (24,840) | | (13,044) | |
| Lease payment | (291,280) | | (40,030) | |
| Net cash provided by/(used in) financing activities | (316,120) | | 7,238,615 | |
| | | | | |
| Effect of exchange rate changes on cash and cash equivalents | | 44,864 | | (126,211) |
| Change in cash and cash equivalents for the period | (9,878,807) | | 151,256 | |
| Cash and cash equivalents at the beginning of the period | 19,245,628 | | 5,162,991 | |
| Cash and cash equivalents at the end of the period | 9,366,821 | | 5,314,247 | |
| | | | | |
| | | | | |
| Supplemental cash flow information | | | | |
| Income taxes paid | — | | — | |
| Interest paid | | 592,440 | | 44,282 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.