Company: PRMLF
Filing Date: 2025-05-13
Form Type: 10-Q
Source: 0001641172-25-010011
Chunk: 110

Company: NexMetals Mining Corp.
Filing Date: 2025-05-13
Form: 10-Q
Item: Item 2
Chunk 110
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 ensure that information required to be disclosed by us in the reports that we
file or submit under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the SEC’s
rules and forms and that such information is accumulated and communicated to our Chief Executive Officer and Chief Financial Officer as
appropriate to allow timely decisions regarding required disclosure.

We carried out an evaluation,
under the supervision and with the participation of our Chief Executive Officer and Chief Financial Officer, of the effectiveness of the
design and operation of our disclosure controls and procedures as of March 31, 2025. Based on the evaluation of these disclosure controls
and procedures, management concluded that the Company’s disclosure controls and procedures were effective as of March 31, 2025.

Changes in Internal Control over Financial Reporting

There were no changes in our internal control over
financial reporting (as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act) during the quarter ended March 31, 2025, that
have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

46

PART II — OTHER INFORMATION

Item 1. Legal Proceedings

We have no knowledge of any
material, active, pending or threatened legal, administrative or judicial proceeding against us or our subsidiaries, nor are we, or any
subsidiary, involved as a plaintiff or defendant in any material proceeding or pending litigation.

Item 1A. Risk Factors

Risks and other factors include those listed under
“Risk Factors” in the 2024 Form 10-K and elsewhere in this Report, as well as the risk identified 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 I, Item 1A. “Risk Factors”
in our Annual Report on Form 10-K for the year ended December 31, 2024.

Item 2. Unregistered Sales of Equity Securities
and Use of Proceeds

The following table outlines the number of Common
Shares and securities that are convertible into Common Shares issued by the Company pursuant to Section 4(a)(2) of the Securities Act
of 1933, as amended (the “Securities Act”) as a transaction not involving a public offering and Rule 506 promulgated
under the Securities Act, during the three months ended March 31,