N
NexMetals Mining Corp.
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 | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 |
|---|---|---|---|---|---|
| General exploration expenses | 36 | 30 | 23 | 20 | |
| Depreciation and amortization | 2 | 2 | 744,783 | — | |
| General and administrative expenses | 8 | 8 | 6 | 8 | |
| Investor relations and communications | 5 | 362,933 | — | — | |
| Director fees | 482,396 | 1 | — | — | |
| Fair value movement of DSUs | −298,914 | −963,340 | −128,114 | — | |
| Impairment loss | 501,497 | — | — | — | |
| Net foreign exchange loss | 839,857 | 408,086 | 395,020 | — | |
| LOSS FOR THE YEAR BEFORE OTHER ITEMS | 53 | 40 | 30 | 27 | |
| Interest income, net | −437,638 | −114,114 | 222,387 | — | |
| Interest expense and accretion on term loan | 428,371 | 3 | 2 | — | |
| Loss on term loan extinguishment | 6 | — | — | — | |
| Other income | — | −252,999 | — | — | |
| NET LOSS FOR THE YEAR | 59 | 42 | 32 | 27 | |
| Exchange differences on translation of foreign operations | 1 | −272,177 | 588,471 | 1 | |
| TOTAL COMPREHENSIVE LOSS FOR THE YEAR | 60 | 42 | 33 | 28 | |
| Basic loss per share | 2.86 | 5.02 | 0.25 | 0.25 | |
| Diluted loss per share | 2.86 | 5.02 | 0.25 | 0.25 | |
| Weighted average number of common shares outstanding - basic | 21 | 8 | 129 | 110 | |
| Weighted average number of common shares outstanding - diluted | 21 | 8 | 129 | 110 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 40 | 6 | 19 | 5 | — | |
| Prepaid expenses | 1 | 540,288 | 900,310 | 470,725 | — | |
| Other receivables | 6 | 972,022 | 532,835 | 804,630 | — | |
| TOTAL CURRENT ASSETS | 46 | 8 | 21 | 6 | — | |
| Exploration and evaluation assets | 43 | 9 | 9 | 9 | — | |
| Property, plant and equipment | 9 | 8 | 9 | 3 | — | |
| TOTAL NON-CURRENT ASSETS | 52 | 17 | 17 | 12 | — | |
| TOTAL ASSETS | 99 | 25 | 38 | 18 | — | |
| Trade payables and accrued liabilities current | 9 | 4 | 4 | 4 | — | |
| Vehicle financing current | 148,862 | 136,935 | — | — | — | |
| Mortgage payable current | 244,260 | — | — | — | — | |
| DSU liability current | 104,720 | 177,602 | — | — | — | |
| TOTAL CURRENT LIABILITIES | 10 | 4 | 6 | 12 | — | |
| Trade payables and accrued liabilities non-current | — | 584,364 | — | — | — | |
| Provision for leave and severance | 1 | 1 | 510,202 | 177,941 | — | |
| Vehicle financing non-current | 137,361 | 109,202 | — | — | — | |
| Mortgage payable non-current | 1 | — | — | — | — | |
| Term Loan | — | 19 | 18 | — | — | |
| NSR option liability | 3 | 3 | 3 | — | — | |
| DSU liability non-current | 268,672 | 764,062 | 884,481 | 298,000 | — | |
| TOTAL NON-CURRENT LIABILITIES | 6 | 24 | 22 | 2 | — | |
| TOTAL LIABILITIES | 16 | 28 | 28 | 14 | — | |
| Common Shares (no par value, unlimited Common Shares authorized) (issued and outstanding: December 31, 2025 35,502,754, December 31, 2024 9,285,424) | — | — | — | — | — | |
| Preferred shares (no par value, 20,000,000 authorized) Series 1 Convertible Preferred Shares (no par value, 4,000,000 authorized) (issued and outstanding: December 31, 2025 118,186; December 31, 2024 118,186) | 31,516 | 31,516 | 31,516 | 31,516 | — | |
| Additional paid-in capital | 292 | 145 | 116 | 77 | — | |
| Deficit | −206 | −147 | −105 | −72 | — | |
| Accumulated other comprehensive loss | −3 | −2 | −2 | −1 | — | |
| TOTAL SHAREHOLDERS EQUITY (DEFICIENCY) | 83 | −3 | 10 | 4 | −7 | |
| TOTAL LIABILITIES AND SHAREHOLDERS EQUITY | 99 | 25 | 38 | 18 | — |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 |
|---|---|---|---|---|---|
| DSUs granted | 28,209 | 1 | — | — | |
| Provision for leave and severance | 363,914 | 470,858 | 332,261 | 177,941 | |
| Interest and accretion, net | 100,775 | 1 | — | — | |
| Accrued interest on lease liability | — | 114,335 | 301,098 | — | |
| DSU redemption | −297,567 | — | −83,527 | — | |
| Other income | — | −252,999 | — | — | |
| Unrealized foreign exchange gain | −231,202 | — | — | — | |
| Prepaid expenses and other receivables | −5 | −348,655 | −157,790 | — | |
| Trade payables and accrued expenses | 5 | 197,434 | 254,430 | 3 | |
| Net cash used in operating activities | −48 | −38 | −29 | −26 | |
| Acquisition of property, plant and equipment | −3 | −1 | −5 | −737,271 | |
| Acquisition of exploration and evaluation assets | −25 | — | −483,883 | −9 | |
| Net cash used in investing activities | −37 | −1 | −5 | 2 | |
| Proceeds from issuance of units | 126 | 27 | 40 | 23 | |
| Share issue costs | −8 | −358,746 | −3 | −2 | |
| Vehicle loan financing, net of payments | 48,901 | −6,155 | −115,830 | — | |
| Mortgage financing | 1 | — | — | — | |
| Mortgage payments | −79,789 | — | — | — | |
| Lease payments | — | −2 | −2 | — | |
| Net cash provided by financing activities | 120 | 25 | 50 | 29 | |
| Effect of exchange rate changes on cash and cash equivalents | −1 | 135,326 | −1 | −2 | |
| Change in cash and cash equivalents for the year | 34 | −13 | 14 | 3 | |
| Fair value of Common Shares issued for conversion of term loan | 18 | — | — | — | |
| Fair value of Settlement Warrants issued for conversion of term loan | 7 | — | — | — | |
| Fair value of Common Shares issued for finders fees and advisory services | 5 | 1 | — | — | |
| Income taxes paid | — | — | — | — | |
| Interest paid | 342,969 | 2 | 2 | 68,285 |
Filings
Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro
Material Events
Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro
Insiders
Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro
Institutional Holders
Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro
Frequently asked questions
What is NexMetals Mining Corp.'s CIK number?
NexMetals Mining Corp.'s SEC CIK number is 0000795800 (795800). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find NexMetals Mining Corp.'s SEC filings?
All of NexMetals Mining Corp.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.