Company: PRMLF
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001493152-25-011913
Chunk: 49

Company: NexMetals Mining Corp.
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 8
Chunk 49
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 kilometres east of Sudbury in Norman, Parkin, Alymer and Rathburn townships and consists of 64 unpatented
mining claim cells, covering a total area of 847 hectares held by the Company. The Company acquired the property through an option agreement
in April 2010, which was subsequently amended in March 2013. As at the date of this Report, the Company holds a 100% interest in the
Post Creek property and is obligated to pay advances on a net smelter return of $10,000 per annum, which will be deducted from any payments
to be made under the net smelter return.

The
Post Creek property lies adjacent to the Whistle Offset Dyke Structure which hosts the past–producing Whistle Offset and Podolsky
Cu-Ni-PGM mines. Post Creek lies along an interpreted northeast extension of the corridor containing the Whistle Offset Dyke and Footwall
deposits and accounts for a significant portion of all ore mined in the Sudbury nickel district and, as such, represents favourable exploration
targets. Key lithologies are Quartz Diorite and metabreccia related to offset dykes and Sudbury Breccia associated with Footwall rocks
of the Sudbury Igneous Complex which both represent potential controls on mineralization.

No
exploration work was completed in the first half of 2025 on the Post Creek Property. The claims have sufficient work credits to keep
them in good standing until 2030. No material expenditures or activities are contemplated on the Post Creek property at this time.

Halcyon
Property

The
Halcyon property is located 35 kilometres northeast of Sudbury in the Parkin and Aylmer townships and consists of 62 unpatented mining
cells for a total of 1,024 hectares. Halcyon is adjacent to the Post Creek property and is approximately two kilometres north of the
producing Podolsky Mine of FNX Mining. The property was acquired through an option agreement and as at the date of this Report, the Company
holds a 100% interest in the Halcyon property and is obligated to pay advances on a net smelter return of $8,000 per annum, which will
be deducted from any payments to be made under the net smelter return.

No
exploration work was completed in the first half of 2025 on the Halcyon Property. The claims are in good standing through 2030. No material
expend