Company: PRMLF
Filing Date: 2025-03-20
Form Type: 10-K
Source: 0001641172-25-000043
Chunk: 26

Company: NexMetals Mining Corp.
Filing Date: 2025-03-20
Form: 10-K
Item: Item 1A
Chunk 26
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 a holder provided that the holder does not use or hold such shares in the course of carrying
on a business of trading or dealing in securities and such holder has not acquired them or been deemed to have acquired them in one or
more transactions considered to be an adventure or concern in the nature of trade.

This
summary is based upon the current provisions of the Tax Act and the regulations thereunder (the “Regulations”) in
force as of the date hereof, our understanding of the administrative policies and assessing practices of the Canada Revenue Agency (the
“CRA”) published in writing by the CRA prior to the date hereof, and the Canada-United States Tax Convention
(1980) as amended by the Protocols thereto prior to the date hereof (the “Treaty”). This summary also takes
into account all specific proposals to amend the Tax Act and the Regulations publicly announced by or on behalf of the Minister of Finance
(Canada) prior to the date hereof (the “Tax Proposals”) and assumes that all such Tax Proposals will be enacted in
their present form. However, no assurances can be given that the Tax Proposals will be enacted in the form proposed, or at all. This
summary is not exhaustive of all possible Canadian federal income tax consequences applicable to a holder of our Common Shares and, except
for the foregoing, this summary does not take into account or anticipate any changes in law, whether by legislative, administrative or
judicial decision or action, nor does it take into account provincial, territorial or foreign income tax legislation or considerations,
which may differ from the Canadian federal income tax consequences described herein.

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This
summary is of a general nature only and is not intended to be, and should not be construed to be, legal, business or tax advice to any
particular holder or prospective holder of our Common Shares, and no opinion or representation with respect to the tax consequences to
any holder or prospective holder of our Common Shares is made. Accordingly, holders and prospective holders of our Common Shares should
consult their own tax advisors with respect to the income tax consequences of purchasing, owning and disposing of our Common Shares in
their particular circumstances.

Currency

For
the purposes of the Tax Act, all amounts relating to the acquisition, holding or disposition of our Common Shares (including dividends,
adjusted cost base and proceeds of disposition) must be expressed in Canadian dollars based on the rate quoted by the Bank of Canada
for the applicable day or such other rate