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

Company: NexMetals Mining Corp.
Filing Date: 2025-03-20
Form: 10-K
Item: Item 1A
Chunk 10
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 provider retained has their credentials vetted and referenced, with considerable
diligence and adherence to local licences, professional associations and regulators.

The
Company’s officers and Board of Directors benefit from the advice and guidance provided by its Botswanan legal advisor as well
as personnel based in Botswana of new developments in local mining regimes and new requirements that come into force from time to
time, as they pertain to and affect the Company’s business and operations in Botswana. Any material developments are subject to
oversight and discussion by the Board of Directors.

-10-

Language, cultural differences and business practices

English is the official language of Botswana, in which the Audit and Risk
Management Committee of the Company and the Company’s external auditors are proficient. The most widely spoken language in Botswana
is Setswana. The languages spoken by the Board, management and technical team of the Company and its subsidiaries include Afrikaans, English
and Setswana.

The
financial records of the Company and both PNGPL and PNRPL, existing under the laws of Botswana are maintained in English. The Company
does not believe that any material language or cultural barriers exist.

Item
1B. UNRESOLVED STAFF COMMENTS

None.

Item
1C. CYBERSECURITY

Cybersecurity
Risk Management and Strategy

We,
like other companies in our industry, face several cybersecurity risks in connection with our business. Our business strategy, results
of operations, and financial condition have not, to date, been materially affected by risks from cybersecurity incidents or threats.
During the reporting period, we have not, to our knowledge, experienced any material cybersecurity threats or incidents.

The
Company does not currently have processes in place for assessing, identifying or managing material risks from cybersecurity threats,
but we intend to implement a formal cybersecurity program in the future. The program will be aimed at safeguarding the confidentiality,
integrity, and availability of our essential systems and information, and will be designed to detect and mitigate risks from cybersecurity
threats to our data and our systems. Central to our future cybersecurity efforts will be a robust incident response plan designed to
address potential cyber incidents swiftly and effectively.

In
designing and evaluating our cybersecurity program, we intend to adopt the National Institute of Standards and Technology Cybersecurity
Framework (“NIST CSF 2.0”) as a guiding principle. It is important to clarify that our use of the NIST CSF 2.0 will
be for guidance purposes to