Company: PRMLF
Filing Date: 2025-03-20
Form Type: 10-K
Source: 0001641172-25-000043
Chunk: 301

Company: NexMetals Mining Corp.
Filing Date: 2025-03-20
Form: 10-K
Item: Item 1C
Chunk 301
---
 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.

-22-

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 of exchange that is acceptable to the CRA.

Dividends

Dividends
paid or credited, or deemed to be paid or credited, on our Common Shares to a U.S. Resident Holder will be subject to Canadian withholding
tax. Under the Tax Act, the rate of Canadian withholding tax is 25% of the gross amount of such dividends, which rate is subject to reduction
under the Treaty. Under the Treaty, the rate of Canadian withholding tax on dividends paid or credited, or deemed to be paid or credited,
on our Common Shares to a U.S. Resident Holder who is the beneficial owner of the dividends is reduced to 15% or, in the case of a U.S.
Resident Holder that is the beneficial owner of the dividends and is a corporation that beneficially owns at least 10% of our voting
shares, the rate is reduced to 5%. U.S. Resident Holders who may be eligible for a reduced rate of withholding tax on dividends pursuant
to the Treaty should consult with their own tax advisors with respect to taking all appropriate steps in this regard.

Disposition
of Common Shares

A
U.S. Resident Holder generally will not be subject to tax under the Tax Act in respect of any capital gain realized on a disposition
or deemed disposition of a Common Share unless the