Here are the 10-Q quarterly reports from NEXMETALS MINING CORP (PRMLF) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow PRMLF and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full PRMLF filings page.
NexMetals Mining Corp. reported a net loss of $10.6 million for the quarter ended March 31, 2026, reflecting ongoing spending on its Botswana copper-nickel projects and corporate costs. Total comprehensive loss was $12.1 million. The company generated no revenue and remains in the exploration stage.
Cash and cash equivalents were $26.2 million, down from $39.8 million at December 31, 2025, after using $12.2 million in operating cash and $0.8 million in investing cash during the quarter. Total assets declined to $81.1 million, mainly due to lower cash and foreign currency translation on exploration assets and equipment.
General exploration expenses rose to $7.7 million, driven largely by Selebi Main drilling and site activities. Management highlights that the company is dependent on external financing, with material uncertainties that cast substantial doubt on its ability to continue as a going concern, even as it advances drilling, technical studies and early project economics at the Selebi and Selkirk mines.