NexMetals Mining Corp.
For the period ended Mar 31, 2026. Filed May 13, 2026.
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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.
Mar 31, 2026 · Filed May 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
Unaudited Condensed Interim Consolidated Statements of Cash Flows
| Three months ended March 31, | |||||
|---|---|---|---|---|---|
| Notes | 2026 $ | 2025 $ | |||
| OPERATING ACTIVITIES | |||||
| Net loss for the period | (10,623,437) | (15,228,330) | |||
| Adjustments to reconcile net loss to net cash used in operating activities: | |||||
| DSU expense amortization | 55,791 | - | |||
| Fair value movement of DSUs | 12(c) | (99,619) | (10,824) | ||
| Share-based compensation | 12(c) | 900,056 | 1,027,581 | ||
| Depreciation and amortization | 7 | 589,089 | 635,828 | ||
| Provision for leave and severance | 9,073 | 76,567 | |||
| Interest and accretion, net | 60,306 | 170,847 | |||
| Loss on Term Loan extinguishment | 10 | - | 5,982,434 | ||
| Unrealized foreign exchange loss | 363,419 | - | |||
| Changes in non-cash working capital | |||||
| Prepaid expenses and other receivables | 2,421,399 | 282,670 | |||
| Trade payables and accrued expenses | (5,880,024) | 768,263 | |||
| Net cash used in operating activities | (12,203,947) | (6,294,964) | |||
| INVESTING ACTIVITIES | |||||
| Acquisition of property, plant and equipment | 7 | (768,496) | (50,033) | ||
| Net cash used in investing activities | (768,496) | (50,033) | |||
| FINANCING ACTIVITIES | |||||
| Proceeds from issuance of units | 12(a) | - | 46,000,000 | ||
| Share issue costs | 10,12(a) | - | (397,250) | ||
| Taxes paid related to net settlement of RSUs and DSUs | (130,073) | - | |||
| Vehicle loan financing, net of payments | (51,226) | (34,518) | |||
| Mortgage payments | 9 | (84,898) | - | ||
| Net cash (used in)/provided by financing activities | (266,197) | 45,568,232 | |||
| Effect of exchange rate changes on cash and cash equivalents | (320,988) | 137,671 | |||
| Change in cash and cash equivalents for the period | (13,559,628) | 39,360,906 | |||
| Cash and cash equivalents at the beginning of the period | 39,780,384 | 6,105,933 | |||
| Cash and cash equivalents at the end of the period | 26,220,756 | 45,466,839 | |||
| Supplemental cash flow information | |||||
| Non-cash financing activities: | |||||
| Fair value of Common Shares issued for conversion of Term Loan | - | 17,727,018 | |||
| Fair value of Settlement Warrants issued for conversion of Term Loan | - | 7,398,104 | |||
| Fair value of Common Shares issued for finder’s fees and advisory services | - | 5,179,586 | |||
| Other cash flow information: | |||||
| Income taxes paid | - | - | |||
| Interest paid | 32,977 | 273,731 | |||
See Note 10 and 12(a) for non-cash 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.