NexMetals Mining Corp.
For the period ended Dec 31, 2024. Filed Mar 20, 2025.
View on SEC.govAbout this filing
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FY2024 · Filed Mar 20, 2025
NEXM$1.29+1.6%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
| As at | |||
|---|---|---|---|
| Notes | December 31, 2024$ | December 31, 2023 $ | |
| ASSETS | |||
| CURRENT ASSETS | |||
| Cash and cash equivalents | 3 | 6,105,933 | 19,245,628 |
| Prepaid expenses | 540,288 | 900,310 | |
| Other receivables | 4 | 972,022 | 532,835 |
| TOTAL CURRENT ASSETS | 7,618,243 | 20,678,773 | |
| NON-CURRENT ASSETS | |||
| Exploration and evaluation assets | 5 | 8,846,821 | 8,594,798 |
| Property, plant and equipment | 6 | 8,488,405 | 8,700,634 |
| TOTAL NON-CURRENT ASSETS | 17,335,226 | 17,295,432 | |
| TOTAL ASSETS | 24,953,469 | 37,974,205 | |
| LIABILITIES | |||
| CURRENT LIABILITIES | |||
| Trade payables and accrued liabilities | 7 | 4,477,580 | 4,280,146 |
| Lease liabilities | 8 | - | 1,611,143 |
| Current portion of DSU liability | 12(e) | 177,602 | - |
| TOTAL CURRENT LIABILITIES | 4,655,182 | 5,891,289 | |
| NON-CURRENT LIABILITIES | |||
| Vehicle financing | 246,137 | 236,124 | |
| Provision for leave and severance | 1,001,936 | 510,202 | |
| Term Loan | 9 | 18,983,212 | 17,956,423 |
| NSR option liability | 10 | 2,750,000 | 2,750,000 |
| DSU liability | 12(e) | 764,062 | 884,481 |
| TOTAL NON-CURRENT LIABILITIES | 23,745,347 | 22,337,230 | |
| TOTAL LIABILITIES | 28,400,529 | 28,228,519 | |
| SHAREHOLDERS’ (DEFICIENCY) EQUITY | |||
| Common Shares (no par value, unlimited Common Shares authorized; 185,708,588 issued and outstanding) (December 31, 2023 – 149,300,920) | 12 | - | - |
| Preferred shares | 12 | 31,516 | 31,516 |
| Additional paid-in capital | 145,025,333 | 116,069,973 | |
| Deficit | (146,987,099) | (104,566,816) | |
| Accumulated other comprehensive loss | (1,516,810) | (1,788,987) | |
| TOTAL SHAREHOLDERS’ (DEFICIENCY) EQUITY | (3,447,060) | 9,745,686 | |
| TOTAL LIABILITIES AND SHAREHOLDERS’ (DEFICIENCY) EQUITY | 24,953,469 | 37,974,205 | |
| Nature of Operations and Going Concern (Note 1) | |||
| Subsequent Events (Note 19) | |||
Approved by the Board of Directors on March 19, 2025.
| “signed” Paul Martin Director and Interim Chief Executive Officer | “signed” Jason LeBlanc Director |
|---|
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.