Company: PRMLF
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001493152-25-011913
Chunk: 80

Company: NexMetals Mining Corp.
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 8
Chunk 80
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; (ii) mining law reform; (iii) restrictions on production, processing,
price controls, and tax increases; (iv) maintenance of claims; (v) tenure; and (vi) expropriation of property. There is no assurance
that future changes in such regulation, if any, will not adversely affect the Company’s operations. Changes in such regulation
could result in additional expenses and capital expenditures, availability of capital, competition, reserve uncertainty, potential conflicts
of interest, title risks, dilution, and restrictions and delays in operations, the extent of which cannot be predicted. The Company is
at the exploration and evaluation stages on its material properties. Exploration on the Company’s properties requires responsible
best-exploration practices to comply with the Company’s policies, government regulations, and maintenance of claims and tenure.

53

If
any of the Company’s projects advance to the development stage, those operations will also be subject to various laws concerning
development, production, processing, taxes, labour standards, environmental protection, mine safety and other matters. In addition, new
laws governing operations and activities of mining companies could have a material adverse impact on any project in the mine development
stage that the Company may possess.

Compliance
with environmental regulations, including changes to such laws or regulations, could adversely affect the Company’s results of
operations.

All
phases of the Company’s operations are subject to environmental regulation in the jurisdictions in which the Company operates.
Environmental legislation is evolving in a manner which has been subject to stricter standards and enforcement, increased fines and penalties
for non-compliance, more stringent environmental assessments of proposed properties and a heightened degree of responsibility for companies
and their officers, directors and employees. There is no assurance that future changes in environmental regulations, if any, will not
adversely affect the Company’s operations. The cost of compliance with changes in governmental regulations has the potential to
preclude entirely the economic development of a property.

VII.
EMERGING MARKETS RISKS

Operations
in emerging markets expose the Company to increased levels of political, economic and other risks and uncertainties associated with foreign
operations

The
Company has its material properties and operating subsidiaries in Botswana. It is possible that operating in Botswana may expose the
Company to a certain degree of political, economic and other risks and uncertainties, which could have a material adverse effect on
its operations. In conducting its operations in Botswana, the Company has, among other things: (i) engaged and maintained