Company: PRMLF
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001493152-25-011913
Chunk: 36

Company: NexMetals Mining Corp.
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 8
Chunk 36
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-Co”) mines in Botswana and related infrastructure (together, the “Selebi Mines”),
as well as the Ni-Cu-Co-PGE Selkirk mine in Botswana, together with associated infrastructure and four surrounding prospecting licenses
(collectively, the “Selkirk Mine” and together with the Selebi Mines, the “Mines”). NEXM is committed
to governance through transparency, accountability, and open communication among NEXM’s team and stakeholders.

The
Company’s principal business activity is the exploration and evaluation of the Mines.

The
Selebi and Selkirk Mines are permitted with 10-year mining licences, granted in 2022, and renewable upon the submission of approved mine
plans and other customary conditions, and benefit from significant local infrastructure. The Company’s Selebi Mines include two shafts, the Selebi Main and Selebi North shafts, and related infrastructure such as rail, power and roads.

NEXM
is headquartered in Toronto, Ontario, Canada and its common shares (the “Common Shares”) are publicly traded on the
Nasdaq Capital Market (the “Nasdaq”) and the TSX Venture Exchange (the “TSXV”) under the symbol
“NEXM”. Prior to June 11, 2025, the Company traded on the TSXV under its previous name and symbol, Premium Resources Ltd.
and PREM, respectively.

28

Highlights
and Key Developments:

    ●
    On
    January 31, 2025, the Company filed the Selkirk Mineral Resource Estimate (“MRE”) in conformance with the SEC’s
    Modernized Property Disclosure Requirements for Mining Registrants as described in Subpart 229.1300 of Regulation S-K, Disclosure
    by Registrants Engaged in Mining Operations (S-K 1300) and Item 601(b)(96) Technical Report Summary, entitled “S-K 1300
    Technical Report Summary, Selkirk Nickel Project, North East District, Republic of Botswana” (the “Selkirk TRS”)
    and dated January 8, 2025 (with an effective date of November 1, 2024) for its Selkirk Mine. The Selkirk MRE provides a solid foundation
    for advancing the Selkirk deposit to an economic study.

    ●
    
    On
    March 18, 2025, the Company closed a significant recapitalization (the “March