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 Statements of Cash Flows
| Nine months ended September 30, | |||||
|---|---|---|---|---|---|
| Notes | 2025 $ | 2024 $ | |||
| OPERATING ACTIVITIES | |||||
| Net loss for the period | (46,321,544) | (31,145,332) | |||
| Adjustments to reconcile net loss to net cash used in operating activities: | |||||
| DSUs granted | 11(c) | - | 882,410 | ||
| Fair value movement of DSUs | 11(c) | (73,792) | (473,820) | ||
| Share-based compensation | 11(c) | 2,652,573 | 1,712,843 | ||
| Depreciation and amortization | 6 | 1,561,471 | 1,088,483 | ||
| Provision for leave and severance | 330,373 | 449,335 | |||
| Interest and accretion, net | 190,753 | 765,647 | |||
| Accrued interest on lease liability | - | 107,238 | |||
| Loss on Term Loan extinguishment | 9 | 5,982,434 | - | ||
| DSU redemption | 11(c) | (190,446) | - | ||
| Impairment loss | 5 | 501,497 | - | ||
| Changes in non-cash working capital | |||||
| Prepaid expenses and other receivables | (942,187) | (678,932) | |||
| Trade payables and accrued expenses | 1,202,127 | 624,489 | |||
| Net cash used in operating activities | (35,106,741) | (26,667,639) | |||
| INVESTING ACTIVITIES | |||||
| Acquisition of property, plant and equipment | 6 | (1,681,110) | (1,125,850) | ||
| Net cash used in investing activities | (1,681,110) | (1,125,850) | |||
| FINANCING ACTIVITIES | |||||
| Proceeds from issuance of units | 11(a) | 46,000,000 | 27,499,999 | ||
| Share issue costs | 9,11(a) | (2,371,203) | (295,578) | ||
| Vehicle loan financing, net of repayments | 67,611 | 44,345 | |||
| Mortgage financing | 8 | 1,413,144 | - | ||
| Lease payments | - | (1,112,496) | |||
| Net cash provided by financing activities | 45,109,552 | 26,136,270 | |||
| Effect of exchange rate changes on cash and cash equivalents | (309,791) | (230,032) | |||
| Change in cash and cash equivalents for the period | 8,011,910 | (1,887,251) | |||
| Cash and cash equivalents at the beginning of the period | 6,105,933 | 19,245,628 | |||
| Cash and cash equivalents at the end of the period | 14,117,843 | 17,358,377 | |||
| Supplemental cash flow information | |||||
| Income taxes paid | - | - | |||
| Interest paid | 301,156 | 1,682,379 | |||
See Note 9 and 11(a) for noncash Financing Activities.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.