NexMetals Mining Corp.
For the period ended Dec 31, 2024. Filed Mar 20, 2025.
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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.
FY2024 · Filed Mar 20, 2025
NEXM$1.21-5.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations and Comprehensive Loss
| Year ended December 31, | |||
|---|---|---|---|
| 2024 · 2023 | |||
| Notes | $ | $ | |
| EXPENSES | |||
| General exploration expenses | 5 | 29,651,360 | 22,863,740 |
| Depreciation and amortization | 1,581,270 | 744,783 | |
| General and administrative expenses | 18 | 7,980,178 | 5,647,102 |
| DSUs granted | 12(e) | 1,020,523 | 798,122 |
| Fair value movement of DSUs | 12(e) | (963,340) | (128,114) |
| Net foreign exchange loss | 408,086 | 395,020 | |
| LOSS FOR THE YEAR BEFORE OTHER ITEMS | 39,678,077 | 30,320,653 | |
| OTHER ITEMS | |||
| Interest (income) expense, net | (114,114) | 222,387 | |
| Interest expense and accretion on Term Loan | 9 | 3,109,319 | 1,675,013 |
| Interest expense and accretion on A&R Promissory Notes | 11 | - | 682,547 |
| Other income | (252,999) | - | |
| NET LOSS BEFORE TAX | 42,420,283 | 32,900,600 | |
| Deferred tax recovery | 17 | - | (524,531) |
| NET LOSS FOR THE YEAR | 42,420,283 | 32,376,069 | |
| OTHER COMPREHENSIVE (INCOME) LOSS | |||
| Exchange differences on translation of foreign operations | (272,177) | 588,471 | |
| TOTAL COMPREHENSIVE LOSS FOR THE YEAR | 42,148,106 | 32,964,540 | |
| Basic and diluted loss per share | 0.25 | 0.25 | |
| Weighted average number of Common Shares outstanding – basic and diluted | 168,932,859 | 128,509,525 | |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.