NexMetals Mining Corp. PP&E Disclosure
The tables below set out costs and accumulated depreciation and amortization as at December 31, 2025, and December 31, 2024:
| Cost | Land and Buildings(1) $ | Equipment(1,2) $ | Furniture & Fixtures $ | Vehicles $ | Computer & Software $ | Total $ | ||||||||||||||||||
| Balance – December 31, 2023 | 2,909,637 | 5,476,434 | 191,899 | 398,032 | 567,407 | 9,543,409 | ||||||||||||||||||
| Additions | 73,049 | 1,129,567 | 30,121 | 111,629 | 6,543 | 1,350,909 | ||||||||||||||||||
| Foreign currency translation | 86,264 | (22,306 | ) | 3,857 | 11,561 | 35,317 | 114,693 | |||||||||||||||||
| Balance – December 31, 2024 | 3,068,950 | 6,583,695 | 225,877 | 521,222 | 609,267 | 11,009,011 | ||||||||||||||||||
| Additions | 2,461,636 | 2,826 | 276,385 | 45,851 | 2,786,698 | |||||||||||||||||||
| Foreign currency translation | 39,191 | 30,335 | 2,234 | 7,485 | 8,275 | 87,520 | ||||||||||||||||||
| Balance – December 31, 2025 | 3,108,141 | 9,075,666 | 230,937 | 805,092 | 663,393 | 13,883,229 | ||||||||||||||||||
| Accumulated Depreciation and Amortization | Land and Buildings(1) | Equipment(1) | Furniture & Fixtures | Vehicles | Computer & Software | Total | ||||||||||||||||||
| Balance – December 31, 2023 | 170,256 | 401,409 | 19,079 | 106,083 | 145,948 | 842,775 | ||||||||||||||||||
| Depreciation during the year | 110,535 | 1,229,847 | 14,750 | 113,688 | 162,644 | 1,631,464 | ||||||||||||||||||
| Foreign currency translation | 2,609 | 13,358 | 750 | 4,581 | 25,069 | 46,367 | ||||||||||||||||||
| Balance – December 31, 2024 | 283,400 | 1,644,614 | 34,579 | 224,352 | 333,661 | 2,520,606 | ||||||||||||||||||
| Depreciation during the period | 100,514 | 1,494,323 | 28,066 | 166,145 | 279,773 | 2,068,821 | ||||||||||||||||||
| Foreign currency translation | 4,703 | (35,881 | ) | 631 | 4,657 | 7,278 | (18,612 | ) | ||||||||||||||||
| Balance – December 31, 2025 | 388,617 | 3,103,056 | 63,276 | 395,154 | 620,712 | 4,570,815 | ||||||||||||||||||
| Carrying Value | Land and Buildings(1) | Equipment(1)(2) | Furniture & Fixtures | Vehicles | Computer & Software | Total | ||||||||||||||||||
| Balance – December 31, 2024 | 2,785,550 | 4,939,081 | 191,298 | 296,870 | 275,606 | 8,488,405 | ||||||||||||||||||
| Balance – December 31, 2025 | 2,719,524 | 5,972,610 | 167,661 | 409,938 | 42,681 | 9,312,414 | ||||||||||||||||||
Notes:
(1) |
Land and Buildings contains the Syringa Lodge ROU asset and Equipment contains the drilling equipment supply agreement ROU asset (Note 8). The Company obtained full title to these assets during the year ended December 31, 2024. |
| (2) | Included within Equipment is $216,002 related to a third underground to surface drill conversion kit and other capital components in transit at December 31, 2025, and $227,545 related to a deposit on a second Marcotte deep drill which was being fabricated by the supplier at December 31, 2025, both of which are currently non-depreciable. |
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 13, 2026 | Showing above |
| 2024 | Mar 20, 2025 | |
| 2023 | Jun 28, 2024 | |
About PP&E Disclosures
The PP&E disclosure details a company's physical asset base — land, buildings, machinery, and equipment — along with the depreciation methods and useful life assumptions that determine how these costs flow through the income statement. Capitalization policy thresholds reveal management's judgment on the boundary between expense and asset, directly affecting both reported earnings and asset values.
Key signals: changes in estimated useful lives or depreciation methods can materially shift reported earnings without any operational change. Compare capital expenditures against depreciation expense — when capex consistently trails depreciation, the asset base may be aging and underinvested. Watch for large asset impairments or write-downs that signal overvalued carrying amounts. Asset retirement obligations reveal future environmental or decommissioning costs that are often underappreciated. Compare PP&E intensity (PP&E-to-revenue) against industry peers to assess capital efficiency and competitive positioning.