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
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Item 8. Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows
| Year ended December 31, | |||||
|---|---|---|---|---|---|
| Notes | 2024 $ | 2023 $ | |||
| OPERATING ACTIVITIES | |||||
| Net loss for the year | (42,420,283) | (32,376,069) | |||
| Interest received | 284,474 | 110,886 | |||
| Interest payment on Term Loan | 9 | (2,082,530) | (980,892) | ||
| Interest payment on A&R Promissory Note | - | (412,329) | |||
| Items not affecting cash: | |||||
| DSUs granted | 12(e) | 1,020,523 | 798,122 | ||
| Fair value movement of DSUs | 12(e) | (963,340) | (128,114) | ||
| Share-based compensation | 12(c)(d) | 1,955,143 | 657,138 | ||
| Depreciation | 1,581,270 | 744,783 | |||
| Provision for leave and severance | 470,858 | 332,261 | |||
| Accrued interest and accretion on loans | 2,844,336 | 2,001,674 | |||
| Deferred tax recovery | 17 | - | (524,531) | ||
| Accrued interest on lease liability | 8 | 114,335 | 301,098 | ||
| Other income | (252,999) | - | |||
| Changes in non-cash working capital and non-current liability | |||||
| Prepaid expenses and other receivables | (348,655) | (157,790) | |||
| Trade payables and accrued expenses | 197,434 | 254,430 | |||
| Deferred share units redemption | 12(e) | - | (83,527) | ||
| Net cash used in operating activities | (37,599,434) | (29,462,860) | |||
| INVESTING ACTIVITIES | |||||
| Acquisition of property, plant and equipment | (1,022,231) | (4,771,081) | |||
| Expenditures on exploration and evaluation assets | 5 | - | (483,883) | ||
| Net cash used in investing activities | (1,022,231) | (5,254,964) | |||
| FINANCING ACTIVITIES | |||||
| Proceeds from issuance of units | 27,499,999 | 39,774,313 | |||
| Share issue costs | (358,746) | (2,808,231) | |||
| Proceeds from exercise of options and warrants | - | 175,000 | |||
| Term Loan proceeds, net of fees | - | 19,605,000 | |||
| A&R Promissory Note repayment | 11 | - | (7,000,000) | ||
| Vehicle loan repayments, net of financing | (6,155) | (115,830) | |||
| Lease payments | 8 | (1,788,454) | (2,241,906) | ||
| NSR Option | 10 | - | 2,750,000 | ||
| Net cash provided by financing activities | 25,346,644 | 50,138,346 | |||
| Effect of exchange rate changes on cash and cash equivalents | 135,326 | (1,337,885) | |||
| Change in cash and cash equivalents for the year | (13,139,695) | 14,082,637 | |||
| Cash and cash equivalents at the beginning of the year | 19,245,628 | 5,162,991 | |||
| Cash and cash equivalents at the end of the year | 6,105,933 | 19,245,628 | |||
| Supplemental cash flow information | |||||
| Income taxes paid | - | - | |||
| Interest paid | 2,213,032 | 1,633,888 | |||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.