Company: PRMLF
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001493152-25-022391
Chunk: 199

Company: NexMetals Mining Corp.
Filing Date: 2025-11-13
Form: 10-Q
Item: Item 2
Chunk 199
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 of our directors, officers, or affiliates or any registered or beneficial stockholder of more than 5% of our
common shares, or any associate of any of the foregoing, is a party adverse to or has a material interest adverse to, us or any of our
subsidiaries.

Item
1A. Risk Factors

Risks
and other factors include those listed under “Risk Factors” in our Quarterly Report on Form 10-Q for the quarterly period
ended June 30, 2025 and elsewhere in this Report, including the risks noted below.

We
caution readers that our business activities involve risks and uncertainties that could cause actual results to differ materially from
those currently expected by management. We described the most significant risks that could impact our results in Part II, Item 1A. “Risk
Factors” in our Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2025.

Investing in our common shares involves a high degree of risk. You should
carefully consider the risks and uncertainties described in Part I, Item 1A under the heading “Risk Factors” in our Annual
Report on Form 10-K for the year ended December 31, 2024, in addition to the other information included in this Quarterly Report on Form
10-Q before making an investment decision regarding our common shares. If any of these risks actually occur, our business, financial condition,
or operating results would likely suffer, possibly materially, the trading price of our common shares could decline, and you could lose
part or all of your investment. The risk factors included in our prior SEC filings are supplemented with the following risk factors:

The
failure of the Corporation to comply with all post-closing covenants, study phase requirements, and contingent milestone payments relating
to the Mines could materially adversely affect the business, operations and financial conditions of the Corporation

In
January and August of 2022, the Corporation closed the acquisitions of the Selebi Mines and Selkirk Mine, respectively. Pursuant to the
terms of the acquisitions, the Corporation has to comply with certain milestone payments which, if not satisfied, will result in the
Mines reverting to the liquidators. There are approximately US$55 million in contingent post-closing milestone payments due to the liquidators
in connection with the Mines, with (i) US$25 million payable upon the approval by the MMRGTES of the Corporation’s Section 42 and
Section 43 applications (for