Company: PRMLF
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001493152-25-011913
Chunk: 74

Company: NexMetals Mining Corp.
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 8
Chunk 74
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 investments generally pose a greater degree of risk than investments
in more mature market economies because the economies in the developing world are more susceptible to destabilization resulting from
domestic and international developments. The economies and political systems of Botswana should be considered by investors to be less
predictable than those in countries in which the majority of investors are likely to be resident. Further, the current, or a future government
may adopt substantially different policies, take arbitrary action which might halt exploration or production, re-nationalize private
assets or cancel contracts, or cancel mining or exploration rights, any of which could result in a material and adverse effect on the
Company’s results of operations and financial condition.

49

The
Company is dependent on the business and technical expertise of its management team. The failure or loss of such personnel could result
in a material adverse effect on the Company’s reputation and results of operations.

The
Company is dependent on the business and technical expertise of its management team. If it is unable to rely on this business and technical
expertise, or if any of the expertise is inadequately performed, the business, financial condition and results of the operations of the
Company could be materially adversely affected until such time as the expertise could be replaced.

The
Company’s operations generally involve a high degree of inherent risk that cannot be eliminated and may not be insurable

Mining
is capital intensive and subject to a number of risks and hazards, including environmental pollution, accidents or spills, industrial
and transportation accidents, labour disputes, changes in the regulatory environment, natural phenomena (such as inclement weather conditions,
earthquakes, pit wall failures and cave-ins) and encountering unusual or unexpected geological conditions. Such risks and hazards might
negatively impact the Company’s business. Consequently, many of the foregoing risks and hazards could result in damage to, or destruction
of, the Company’s mineral properties or future processing facilities, personal injury or death, environmental damage, delays in
or interruption of or cessation of exploration or other activities, delay in or inability to receive required regulatory approvals, or
costs, monetary losses and potential legal liability and adverse governmental action. The Company may be subject to liability or sustain
loss for certain risks and hazards against which it does not or cannot insure or against which it may reasonably elect not to insure
because of the cost. This lack of insurance coverage could result in material economic harm to the Company.

The
Company may be subject to risks relating to mine closure and reclamation obligations

Pursuant