Premium Nickel Resources Ltd
For the period ended Sep 30, 2024. Filed Nov 14, 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.
Sep 30, 2024 · Filed Nov 14, 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 Balance Sheets
| As at | |||
|---|---|---|---|
| Notes | September 30, 2024 $ | December 31, 2023 $ | |
| ASSETS | |||
| CURRENT ASSETS | |||
| Cash and cash equivalents | 17,358,377 | 19,245,628 | |
| Prepaid expenses | 1,285,587 | 900,310 | |
| Other receivables | 3 | 826,490 | 532,835 |
| Spare parts | 18 | 1,202,055 | 212,135 |
| TOTAL CURRENT ASSETS | 20,672,509 | 20,890,908 | |
| NON-CURRENT ASSETS | |||
| Exploration and evaluation assets | 4,10 | 8,855,512 | 8,594,798 |
| Property, plant and equipment | 5 | 7,764,047 | 8,488,499 |
| TOTAL NON-CURRENT ASSETS | 16,619,559 | 17,083,297 | |
| TOTAL ASSETS | 37,292,068 | 37,974,205 | |
| LIABILITIES | |||
| CURRENT LIABILITIES | |||
| Trade payables and accrued liabilities | 6 | 4,904,635 | 4,280,146 |
| Lease liabilities | 9 | 675,181 | 1,611,143 |
| TOTAL CURRENT LIABILITIES | 5,579,816 | 5,891,289 | |
| NON-CURRENT LIABILITIES | |||
| Vehicle financing | 280,470 | 236,124 | |
| Provision for leave and severance | 959,537 | 510,202 | |
| Term Loan | 7 | 18,710,277 | 17,956,423 |
| DSU liability | 11 | 1,293,071 | 884,481 |
| NSR option liability | 10 | 2,750,000 | 2,750,000 |
| TOTAL NON-CURRENT LIABILITIES | 23,993,355 | 22,337,230 | |
| TOTAL LIABILITIES | 29,573,171 | 28,228,519 | |
| SHAREHOLDERS’ EQUITY | |||
| Common shares (no par value, unlimited common shares authorized; 185,708,588 issued and outstanding) (December 31, 2023 – 149,300,920) | - | - | |
| Preferred shares | 31,516 | 31,516 | |
| Additional paid-in capital | 144,789,145 | 116,069,973 | |
| Deficit | (135,712,148) | (104,566,816) | |
| Accumulated other comprehensive loss | (1,389,616) | (1,788,987) | |
| TOTAL SHAREHOLDERS’ EQUITY | 7,718,897 | 9,745,686 | |
| TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY | 37,292,068 | 37,974,205 | |
Nature of Operations and Going Concern (Note 1)
Subsequent Events (Note 19)
Approved by the Board of Directors on November 14, 2024.
| “signed” Keith Morrison Director | “signed” Jason LeBlanc Director |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.