NexMetals Mining Corp.
For the period ended Jun 30, 2025. Filed Aug 13, 2025.
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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.
Jun 30, 2025 · Filed Aug 13, 2025
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 | June 30, 2025 $ | December 31, 2024 $ | |
| ASSETS | |||
| CURRENT ASSETS | |||
| Cash and cash equivalents | 3 | 26,463,957 | 6,105,933 |
| Prepaid expenses | 1,471,657 | 540,288 | |
| Other receivables | 4 | 1,435,756 | 972,022 |
| TOTAL CURRENT ASSETS | 29,371,370 | 7,618,243 | |
| NON-CURRENT ASSETS | |||
| Exploration and evaluation assets | 5 | 8,794,678 | 8,846,821 |
| Property, plant and equipment | 6 | 8,887,826 | 8,488,405 |
| TOTAL NON-CURRENT ASSETS | 17,682,504 | 17,335,226 | |
| TOTAL ASSETS | 47,053,874 | 24,953,469 | |
| LIABILITIES | |||
| CURRENT LIABILITIES | |||
| Trade payables and accrued liabilities – current | 7 | 4,812,152 | 3,893,216 |
| Vehicle financing – current | 180,949 | 136,935 | |
| DSU liability – current | 10(c) | 502,929 | 177,602 |
| TOTAL CURRENT LIABILITIES | 5,496,030 | 4,207,753 | |
| NON-CURRENT LIABILITIES | |||
| Trade payables and accrued liabilities – non-current | 7 | 292,182 | 584,364 |
| Provision for leave and severance | 1,181,049 | 1,001,936 | |
| Vehicle financing – non-current | 161,762 | 109,202 | |
| Term Loan | 8 | - | 18,983,212 |
| NSR option liability | 9 | 2,750,000 | 2,750,000 |
| DSU liability – non-current | 10(c) | 617,224 | 764,062 |
| TOTAL NON-CURRENT LIABILITIES | 5,002,217 | 24,192,776 | |
| TOTAL LIABILITIES | 10,498,247 | 28,400,529 | |
| SHAREHOLDERS’ EQUITY (DEFICIENCY) | |||
| Common Shares (no par value, unlimited Common Shares authorized; 21,449,318 issued and outstanding) (December 31, 2024 – 9,285,424) | 10 | - | - |
| Preferred shares | 10 | 31,516 | 31,516 |
| Additional paid-in capital | 215,735,416 | 145,025,333 | |
| Deficit | (177,304,175) | (146,987,099) | |
| Accumulated other comprehensive loss | (1,907,130) | (1,516,810) | |
| TOTAL SHAREHOLDERS’ EQUITY (DEFICIENCY) | 36,555,627 | (3,447,060) | |
| TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY (DEFICIENCY) | 47,053,874 | 24,953,469 | |
| Nature of Operations and Going Concern (Note 1) | |||
Approved by the Board of Directors on August 13, 2025.
| “signed” Morgan Lekstrom Director and Chief Executive Officer | “signed” Jason LeBlanc Director |
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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.