Company: PRMLF
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001493152-25-011913
Chunk: 38

Company: NexMetals Mining Corp.
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 8
Chunk 38
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 omnibus incentive plan which replaces the Company’s existing
    stock option plan, restricted share unit plan, and deferred share unit plan.

    ●
    
    On
    June 9, 2025, the Company announced that it changed its name from “Premium Resources Ltd.” to “NexMetals Mining
    Corp.” On June 11, 2025, the Company’s Common Shares commenced trading on the TSXV under the new name and new stock ticker
    symbol, “NEXM”.

    ●
    
    On
    June 16, 2025, the Company announced the appointment of Brett MacKay as Senior Vice President & Chief Financial Officer.

    ●
    
    On
    June 20, 2025, the Company’s Common Shares were consolidated on the basis of twenty (20) pre-consolidated shares for every
    one (1) post-consolidation share in connection with the Company’s listing on the Nasdaq which requires a minimum bid price
    of US$4.00 per share under its initial listing requirements.

    ●
    On
    July 16, 2025, the Company’s Common Shares began trading on the Nasdaq under the symbol “NEXM”.

    ●
    On July 17, 2025, the Company announced that it had received a non-binding letter of interest (“LI”) from the Export-Import Bank of the United States (“EXIM”). The LI indicates the potential for up to US $150 million in financing, with a maximum 15-year repayment tenor, to support the re-development of the Company’s Mines.

Corporate
Social Responsibility

The
Company is committed to conducting its business in a socially responsible and sustainable manner, with a focus on environmental stewardship,
health and safety, community engagement and ethical conduct. The Company has established policies and procedures in its Code of Business
Conduct and Ethics to ensure compliance with applicable laws and regulations, as well as industry standards for responsible mining.
NEXM recognizes the importance of stakeholder engagement and works closely with local communities, indigenous groups and other stakeholders
to ensure their concerns and perspectives are heard and addressed.

Exploration
and Evaluation Activities

The
following table outlines the key milestones, estimated timing and costs related to each of the Mines, based on the Company’s reasonable
expectations, intended courses of action and current assumptions and judgement, with information based as of June 30, 2025.

    Key
    Milestones for Project