Company: PRMLF
Filing Date: 2025-03-20
Form Type: 10-K
Source: 0001641172-25-000043
Chunk: 7

Company: NexMetals Mining Corp.
Filing Date: 2025-03-20
Form: 10-K
Item: Item 1A
Chunk 7
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, 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.

-8-

If
any of the Company’s projects advance to the development stage, those operations will also be subject to various laws concerning
development, production, 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.

Ability to obtain or adhere to permits, licences and approvals

The
operations of the Company require licences and permits from various governmental authorities. The Company believes it holds or is in
the process of obtaining all necessary licences and permits to carry on the activities which it is currently conducting under applicable
laws and regulations. Such licences and permits are subject to changes in regulations and in various operating circumstances. There can
be no guarantee that the Company will be able to obtain all necessary licences and permits that may be required to maintain its mining
activities or advance its mineral properties. In addition, if the Company proceeds to production on any exploration property, it must
obtain and comply with permits and licences which may contain specific conditions concerning operating procedures, water use, the discharge
of various materials into or on land, air or water, waste disposal, spills, environmental studies, abandonment and restoration plans
and financial assurances. There can be no assurance that the Company will be able to obtain such permits and licences or that it will
be able to comply with any such conditions.

Compliance with environmental regulations

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. The Company has or will, as applicable, adopt environmental practices designed
to ensure that it will comply with or exceed all environmental