NexMetals Mining Corp.
For the period ended Dec 31, 2025. Filed Mar 13, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Mar 13, 2026
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
Item 8. Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows
| Notes | 2025 $ | 2024 $ | |||
| OPERATING ACTIVITIES | |||||
|---|---|---|---|---|---|
| Net loss for the period | (59,086,325) | (42,420,283) | |||
| Adjustments to reconcile net loss to net cash used in operating activities: | |||||
| DSUs granted | 28,209 | 1,020,523 | |||
| Fair value movement of DSUs | 12(c) | (298,914) | (963,340) | ||
| Share-based compensation | 12(c) | 3,412,594 | 1,955,143 | ||
| Depreciation and amortization | 6 | 2,068,821 | 1,581,270 | ||
| Provision for leave and severance | 363,914 | 470,858 | |||
| Interest and accretion, net | 100,775 | 1,046,280 | |||
| Accrued interest on lease liability | - | 114,335 | |||
| Loss on term loan extinguishment | 10 | 5,982,434 | - | ||
| DSU redemption | 12(c) | (297,567) | - | ||
| Impairment loss | 5 | 501,497 | - | ||
| Other income | - | (252,999) | |||
| Unrealized foreign exchange gain | (231,202) | - | |||
| Changes in non-cash working capital | |||||
| Prepaid expenses and other receivables | (5,107,198) | (348,655) | |||
| Trade payables and accrued expenses | 4,982,390 | 197,434 | |||
| Net cash used in operating activities | (47,580,572) | (37,599,434) | |||
| INVESTING ACTIVITIES | |||||
| Acquisition of property, plant and equipment | 6 | (2,786,684) | (1,022,231) | ||
| Acquisition of exploration and evaluation assets | 6 | (34,441,488) | - | ||
| Net cash used in investing activities | (37,228,172) | (1,022,231) | |||
| FINANCING ACTIVITIES | |||||
| Proceeds from issuance of units | 12(a) | 126,000,070 | 27,499,999 | ||
| Share issue costs | 10,12(a) | (7,697,337) | (358,746) | ||
| Vehicle loan financing, net of payments | 48,901 | (6,155) | |||
| Mortgage financing | 9 | 1,413,144 | - | ||
| Mortgage payments | 9 | (79,789) | - | ||
| Lease payments | - | (1,788,454) | |||
| Net cash provided by financing activities | 119,684,989 | 25,346,644 | |||
| Effect of exchange rate changes on cash and cash equivalents | (1,201,794) | 135,326 | |||
| Change in cash and cash equivalents for the year | 33,674,451 | (13,139,695) | |||
| Cash and cash equivalents at the beginning of the year | 6,105,933 | 19,245,628 | |||
| Cash and cash equivalents at the end of the year | 39,780,384 | 6,105,933 | |||
| Supplemental cash flow information | |||||
| Non-cash financing activities: | |||||
| Fair value of Common Shares issued for conversion of term loan | 10 | 17,727,018 | - | ||
| Fair value of Settlement Warrants issued for conversion of term loan | 10 | 7,398,104 | - | ||
| Fair value of Common Shares issued for finder’s fees and advisory services | 10,12(a) | 5,179,586 | 1,087,755 | ||
| Other cash flow information: | |||||
| Income taxes paid | - | - | |||
| Interest paid | 342,969 | 2,213,032 | |||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.