Company: PRMLF
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001493152-25-022391
Chunk: 169

Company: NexMetals Mining Corp.
Filing Date: 2025-11-13
Form: 10-Q
Item: Item 2
Chunk 169
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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.

    ●
    On
    October 10, 2025, the Company announced that it had continued out of the provincial jurisdiction of Ontario into the jurisdiction
    of the Province of British Columbia under the Business Corporations Act (British Columbia).

    ●
    On
October 28, 2025, the Company announced a brokered “best efforts” public offering in Canada and concurrent private placement
in the United States. On October 30, 2025, the Company announced an upsizing of the Offering to 14,035,100 units of the Company at a
price of $5.70 per November 2025 Unit for aggregate gross proceeds of up to $80,000,070, with each unit consisting of one Common Share
and one common share purchase warrant. The net proceeds from the Offering are expected to be used to fund the prepayment of the first
contingent milestone payment under the Selebi APA and Selkirk APA, the timing of which is planned prior to the end of 2025, to advance
exploration and development activities at the Mines, and for working capital and general corporate purposes. See “Liquidity
and Capital Resources – Financings”.

29

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