NexMetals Mining Corp.

Listed Company

NEXMCIK 0000795800NasdaqNon-AcceleratedSmaller ReportingMetal MiningA1CAFY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

$-59.09M

Total Assets

$98.52M

Equity

$82.95M

Shares Out

35.65M

Op. Cash Flow

$-47.58M

Business

NexMetals Mining Corp. is a mineral exploration and evaluation company focused on discovering and advancing nickel-copper-cobalt and platinum group element resources. It conducts exploration, drilling, resampling and resource estimation activities and advances metallurgical and engineering studies. Its principal assets and operational focus are two flagship projects described as the Selebi Mines (Selebi and Selebi North shafts and related infrastructure) and the Selkirk Mine, each managed as mining project portfolios. The company operates primarily in Botswana and distributes technical disclosure through regulatory filings and public reports.

Summary from filing dated 2025-03-20

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	Dec 31, 2025 2025-12-31	Dec 31, 2024 2024-12-31
EXPENSES	—	—
Research and Development Expense	36	30
Depreciation Expense	2	2
Selling, General and Administrative Expense	8	8
Investor relations and communications	5	362,933
Total Operating Expenses	482,396	1
Fair value movement of DSUs	298,914	963,340
Asset Impairment Charges	501,497	—
Non-Operating Income (Expense)	839,857	408,086
LOSS FOR THE YEAR BEFORE OTHER ITEMS	53	40
OTHER ITEMS	—	—
Interest income, net	437,638	114,114
Interest expense and accretion on term loan	428,371	3
Loss on term loan extinguishment	−6	—
Other income	—	252,999
NET LOSS FOR THE YEAR	−59	−42
OTHER COMPREHENSIVE LOSS (INCOME)	—	—
Exchange differences on translation of foreign operations	−1	272,177
TOTAL COMPREHENSIVE LOSS FOR THE YEAR	−60	−42
Earnings Per Share (Basic)	2.86	5.02
Earnings Per Share (Diluted)	2.86	5.02
Weighted Average Shares Outstanding	21	8
Weighted Average Shares Outstanding, Diluted	21	8

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	Dec 31, 2025 2025-12-31	Dec 31, 2024 2024-12-31
ASSETS	—	—
CURRENT ASSETS	—	—
Cash and Cash Equivalents	40	6
Prepaid Expenses	1	540,288
Other Non-Operating Current Assets	6	972,022
TOTAL CURRENT ASSETS	46	8
NON-CURRENT ASSETS	—	—
Exploration and evaluation assets	43	9
Property, Plant and Equipment	9	8
TOTAL NON-CURRENT ASSETS	52	17
TOTAL ASSETS	99	25
LIABILITIES	—	—
CURRENT LIABILITIES	—	—
Accounts Payable	9	4
Vehicle financing – current	148,862	136,935
Short-Term Debt	244,260	—
Other Non-Operating Current Liabilities	104,720	177,602
TOTAL CURRENT LIABILITIES	10	4
NON-CURRENT LIABILITIES	—	—
Non-current portion	—	584,364
Retirement Related Liabilities, Non-Current	1	1
Vehicle financing – non-current	137,361	109,202
Long-Term Debt	1	—
Long-Term Debt	—	19
NSR option liability	3	3
Other Non-Operating Non-Current Liabilities	268,672	764,062
TOTAL NON-CURRENT LIABILITIES	6	24
TOTAL LIABILITIES	16	28
SHAREHOLDERS’ EQUITY (DEFICIENCY)	—	—
Total Stockholders' Equity	—	—
Preferred Stock	31,516	31,516
Additional Paid-In Capital	292	145
Retained Earnings	−206	−147
Accumulated Other Comprehensive Income	−3	−2
TOTAL SHAREHOLDERS’ EQUITY (DEFICIENCY)	83	−3
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	99	25

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	Dec 31, 2025 2025-12-31	Dec 31, 2024 2024-12-31
OPERATING ACTIVITIES	—	—
Net Income	−59	−42
Adjustments to reconcile net loss to net cash used in operating activities:	—	—
DSUs granted	28,209	1
Fair value movement of DSUs	298,914	963,340
Stock-Based Compensation Expense	3	2
Depreciation Expense	2	2
Provision for leave and severance	363,914	470,858
Interest and accretion, net	−100,775	−1
Interest Expense	—	114,335
Loss on term loan extinguishment	−6	—
DSU redemption	297,567	—
Asset Impairment Charges	501,497	—
Other income	—	252,999
Unrealized foreign exchange gain	231,202	—
Changes in non-cash working capital	—	—
Prepaid expenses and other receivables	5	348,655
Change in Accounts Payable	5	197,434
Net cash used in operating activities	−48	−38
INVESTING ACTIVITIES	—	—
Acquisition of property, plant and equipment	3	1
Acquisition of exploration and evaluation assets	34	—
Net cash used in investing activities	−37	−1
FINANCING ACTIVITIES	—	—
Stock Repurchases (Issuances)	126	27
Share issue costs	8	358,746
Vehicle loan financing, net of payments	−48,901	6,155
Proceeds from Debt Issuance	1	—
Mortgage payments	79,789	—
Lease payments	—	2
Net cash provided by financing activities	120	25
Effect of Exchange Rate on Cash	−1	135,326
Change in cash and cash equivalents for the year	34	−13
Cash and cash equivalents at the end of the year	—	—
Cash and cash equivalents at the end of the year	—	—
Non-cash financing activities:	—	—
Net Cash from Financing Activities	18	—
Fair value of Settlement Warrants issued for conversion of term loan	7	—
Fair value of Common Shares issued for finder’s fees and advisory services	5	1
Other cash flow information:	—	—
Income Tax Expense	—	—
Interest Expense	342,969	2

Filings

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