NexMetals Mining Corp.
For the period ended Sep 30, 2025. Filed Nov 13, 2025.
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, 2025 · Filed Nov 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 | September 30, 2025 $ | December 31, 2024 $ | |
| ASSETS | |||
| CURRENT ASSETS | |||
| Cash and cash equivalents | 3 | 14,117,843 | 6,105,933 |
| Prepaid expenses | 1,040,240 | 540,288 | |
| Other receivables | 4 | 1,346,625 | 972,022 |
| TOTAL CURRENT ASSETS | 16,504,708 | 7,618,243 | |
| NON-CURRENT ASSETS | |||
| Exploration and evaluation assets | 5 | 8,471,766 | 8,846,821 |
| Property, plant and equipment | 6 | 9,062,031 | 8,488,405 |
| TOTAL NON-CURRENT ASSETS | 17,533,797 | 17,335,226 | |
| TOTAL ASSETS | 34,038,505 | 24,953,469 | |
| LIABILITIES | |||
| CURRENT LIABILITIES | |||
| Trade payables and accrued liabilities – current | 7 | 5,800,791 | 3,893,216 |
| Vehicle financing – current | 153,383 | 136,935 | |
| Mortgage payable – current | 8 | 238,110 | - |
| DSU liability – current | 11(c) | 339,959 | 177,602 |
| TOTAL CURRENT LIABILITIES | 6,532,243 | 4,207,753 | |
| NON-CURRENT LIABILITIES | |||
| Trade payables and accrued liabilities – non-current | 7 | 146,091 | 584,364 |
| Provision for leave and severance | 1,332,309 | 1,001,936 | |
| Vehicle financing – non-current | 130,127 | 109,202 | |
| Mortgage payable – non-current | 8 | 1,175,034 | - |
| Term Loan | 9 | - | 18,983,212 |
| NSR option liability | 10 | 2,750,000 | 2,750,000 |
| DSU liability – non-current | 11(c) | 337,467 | 764,062 |
| TOTAL NON-CURRENT LIABILITIES | 5,871,028 | 24,192,776 | |
| TOTAL LIABILITIES | 12,403,271 | 28,400,529 | |
| SHAREHOLDERS’ EQUITY (DEFICIENCY) | |||
| Common Shares (no par value, unlimited Common Shares authorized) (issued and outstanding: September 30, 2025 - 21,455,608; December 31, 2024 – 9,285,424) | 11 | - | - |
| Preferred shares (no par value, 20,000,000 authorized) Series 1 Convertible Preferred Shares (no par value, 4,000,000 authorized) (issued and outstanding: September 30, 2025 – 118,186; December 31, 2025 – 118,186) | 11 | 31,516 | 31,516 |
| Additional paid-in capital | 216,431,825 | 145,025,333 | |
| Deficit | (193,308,643) | (146,987,099) | |
| Accumulated other comprehensive loss | (1,519,464) | (1,516,810) | |
| TOTAL SHAREHOLDERS’ EQUITY (DEFICIENCY) | 21,635,234 | (3,447,060) | |
| TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY (DEFICIENCY) | 34,038,505 | 24,953,469 | |
| Nature of Operations and Going Concern (Note 1) | |||
| Subsequent Event (Note 17) | |||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.