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 Statements of Cash Flows
| Nine months Ended | ||
|---|---|---|
| September 30, 2024 $ | September 30, 2023 $ | |
| OPERATING ACTIVITIES | ||
| Net loss for the period | (31,145,332) | (22,199,513) |
| Interest payment on Term Loan | (1,563,324) | (390,411) |
| Interest payment on A&R Promissory Note | - | (412,329) |
| Items not affecting cash: | ||
| DSUs granted | 882,410 | 564,000 |
| Fair value movement of DSUs | (473,820) | (5,476) |
| Depreciation | 1,088,483 | 241,260 |
| Provision for leave and severance | 449,335 | 257,104 |
| Accrued interest and accretion on loans | 2,237,268 | 337,866 |
| Share-based payment | 1,712,843 | - |
| Accrued interest on lease liability | 107,238 | 233,327 |
| Changes in non-cash working capital and non-current liability | ||
| Prepaid expenses and other receivables | (678,932) | (1,208,558) |
| Trade payables and accrued expenses | 624,489 | (1,499,776) |
| Spare parts | (989,920) | (212,135) |
| Net cash used in operating activities | (27,749,262) | (24,294,641) |
| INVESTING ACTIVITIES | ||
| Acquisition of property, plant and equipment | (25,835) | (2,852,916) |
| Additions to expenditures on exploration and evaluation assets | - | (483,883) |
| Interest received | 91,703 | 39,622 |
| Net cash from (used in) investing activities | 65,868 | (3,297,177) |
| FINANCING ACTIVITIES | ||
| Proceeds from issuance of units | 27,499,999 | 23,814,272 |
| Share issue costs | (295,578) | (1,818,956) |
| Loan proceeds, net of fees | - | 14,625,000 |
| NSR option | - | 2,750,000 |
| A&R Promissory Note repayment | - | (7,000,000) |
| Vehicle financing payment, net | 44,345 | 375 |
| Lease payment | (1,112,496) | (946,427) |
| Net cash provided by financing activities | 26,136,270 | 31,424,264 |
| Effect of exchange rate changes on cash and cash equivalents | (340,127) | (142,141) |
| Change in cash and cash equivalents for the period | (1,887,251) | 3,690,305 |
| 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 | 17,358,377 | 8,853,296 |
| Supplemental cash flow information | ||
| Income taxes paid | - | - |
| Interest paid | 1,682,379 | 809,238 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.