NexMetals Mining Corp 2026年季度报告

FORM 10-Q (Mark One) ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2026 OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to _______ Commission File Number: 001-42750 NEXMETALS MINING CORP. (Exact name of registrant as specified in its charter) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities ExchangeAct of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) hasbeen subject to such filing requirements for the past 90 days. Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant toRule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant wasrequired to submit such files). Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reportingcompany,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. ☐Accelerated filer☒Smaller reporting companyEmerging growth company Large accelerated filerNon-accelerated filer If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☒ As of May 13, 2026, there were 35,648,164 Common Shares issued and outstanding. TABLE OF CONTENTS Part IFinancial Information3Item 1. Financial Statements3Unaudited Condensed Interim Consolidated Balance Sheets3Unaudited Condensed Interim Consolidated Statements of Operations and Comprehensive Loss4Unaudited Condensed Interim Consolidated Statements of Changes in Shareholders’ Equity5Unaudited Condensed Interim Consolidated Statements of Cash Flows6Notes to the Unaudited Condensed Interim Consolidated Financial Statements7Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations24Cautionary Note Regarding Forward Looking Statements24Item 3. Quantitative and Qualitative Disclosures About Market Risk40Item 4. Controls and Procedures40Part IIOther Information41Item 1. Legal Proceedings41Item 1A. Risk Factors41Item 2. Unregistered Sales of Equity Securities and Use of Proceeds41Item 3. Defaults Upon Senior Securities41Item 4. Mine Safety Disclosures41Item 5. Other Information41Item 6. Exhibits42Exhibit Index42Signatures432 Notes to the Unaudited Condensed Interim Consolidated Financial StatementsFor the three months ended March 31, 2026 and 2025(Expressed in Canadian dollars) 1. NATURE OF OPERATIONS AND GOING CONCERN a) Nature of Operations NexMetals Mining Corp. and its wholly owned subsidiaries’ (collectively, the “Company” or “NEXM”) principal business activity isthe exploration and evaluation of the Selebi and Selebi North copper-nickel-cobalt (“Cu-Ni-Co”) mines in Botswana and relatedinfrastructure (together, the “Selebi Mines”), as well as the exploration and evaluation of the copper, nickel, cobalt, platinum-groupelements (“Cu-Ni-Co-PGE”) Selkirk mine in Botswana, together with associated infrastructure and four surrounding prospectinglicences (collectively, the “Selkirk Mine” and together with the Selebi Mines, the “Mines”). The common shares of NEXM (“Common Shares”) are listed and posted for trading on the Nasdaq Capital Market (the “Nasdaq”)and on the TSX Venture Exchange (the “TSXV”) under the symbol “NEXM”. The Company’s head and registered office is located at1111 West Hastings Street, 15th Floor, Vancouver, British Columbia, Canada, V6E 2J3. b) Going Concern The Company, being in the exploration stage, is subject to risks and challenges similar to companies in a comparable stage ofexploration and development. These risks include the challenges of securing adequate capital for exploration and advancement of theCompany’s material projects, operational risks inherent in the mining industry, and global economic and metal price volatility, andthere is no assurance management will be successful in its endeavours. These unaudited condensed interim consolidated financial statements have been prepared on the assumption that the Company willcontinue as a going concern, meaning it will continue in operation for the foreseeable future and will be able to realize assets anddischarge liabilities in the ordinary course