Company: PRMLF
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001493152-25-022391
Chunk: 163

Company: NexMetals Mining Corp.
Filing Date: 2025-11-13
Form: 10-Q
Item: Item 8
Chunk 163
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irk Mine to the liquidators, and impact the
market price of the Common Shares.

There
are inherent risks associated with the economics of developing mineral properties

Substantial
expenses are required to establish and upgrade mineral resources and mineral reserves through drilling, to develop metallurgical processes
to extract metal from ore, and to develop the mining and processing facilities and infrastructure at any site chosen for mining. These
risks are inherently higher at the preliminary economic assessment stage, which represents an early phase of project evaluation where
economic estimates are preliminary in nature and based on limited geological and technical data. In addition, the expenses and capital
expenditures incurred by the Company are subject to the risks of cost inflation.

No
assurance can be given that minerals will be discovered in sufficient quantities to justify commercial operation or that the funds required
for development can be obtained on a timely basis. The marketability of any minerals acquired or discovered may be affected by numerous
factors which are beyond the Company’s control and many of which cannot be predicted, such as market fluctuations, the proximity
and capacity of milling and smelting facilities, mineral markets and processing equipment, and such other factors as government regulations,
including regulations relating to royalties, permitted production levels, importing and exporting of minerals, and environmental protection.
Depending on the price of minerals produced, the Company may determine that it is impractical to commence commercial production.

The
Company may be unable to close the November 2025 best-efforts Offering in Canada and concurrent private placement in the United States

There
can be no assurance that the Company will be able to complete the November 2025 best-efforts public Offering in Canada and
concurrent private placement in the United States or that sufficient net proceeds will be raised to meet the Company’s planned
objectives. Because the Offering is being conducted on a best-efforts basis, the agents are not obligated to purchase any of the
securities offered, and there is no minimum amount that must be raised in order for the Offering to close.

If
the Offering does not close, or if less than the anticipated amount of proceeds is received, the Company may be required to reduce, defer,
or re-prioritize planned expenditures, including exploration and evaluation activities, and may need to seek alternative sources of financing.

If
the Company is unable to raise sufficient funds to satisfy its obligations under the Selebi APA by the required date, it may need to
seek additional equity or debt financing or reallocate existing resources. There can be no assurance that