Company: PRMLF
Filing Date: 2025-03-20
Form Type: 10-K
Source: 0001641172-25-000043
Chunk: 9

Company: NexMetals Mining Corp.
Filing Date: 2025-03-20
Form: 10-K
Item: Item 1A
Chunk 9
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 of the Company’s operating entities in Botswana are generally comprised of a majority of senior management
employees and where required by local laws, local residents, who are generally longstanding local management level employees, or local
corporate counsel. In addition, certain members of the Company’s management have experience conducting business in Botswana, as
detailed below, where the Company has maintained operations since 2021. Operating in Botswana requires greater internal controls and
adherence to a regulatory framework which creates challenges in relation to decision-making, communication, and compliance. The Company
has experienced management and has retained local legal advisors and consultants to help facilitate adherence to regulatory requirements
of Botswana in order to meet this challenge.

We
rely on our experienced Board and management

In
addition to their experience with the Company, the Board of Directors and management also has extensive experience operating
and managing investments and projects in Africa. Furthermore, they bring diverse expertise in areas such as global strategy, finance,
exploration, technology, and corporate development. Their collective experience spans several decades and includes successful ventures
in both public and private sectors. Certain members of the Board of Directors, management and senior officers of the Company have made
trips to Botswana to gain a deeper understanding of the Company’s operations and projects as well as to impart their experience
and knowledge of the local business, culture and practices to the other members of the Board of Directors and officers.

The
Company also relies on the expertise of its local Botswana-based personnel, Mr. Borris Kamstra, Mr. Kneipe Setlhare, and Mr. Karabo
Monepe, all of whom have extensive mining and government relations experience in Botswana.

Overall,
the Company benefits from and relies on the collective wealth of expertise and experience in the Company’s business and operations
in Botswana of its Board of Directors, management, locally based personnel and technical teams.

Use of and reliance on experts and local advisors

The
Company has retained Bookbinder, a Botswanan law firm to advise on various corporate and regulatory legal issues, including the
Company’s right to conduct business in Botswana and title verification over the Botswanan assets, and has relied on advice from
Bookbinder with respect to such matters. Additionally, the Company has retained engineering and geoscientific services firms
including SRK Consulting, SLR Consulting, DRA Global (“DRA”), SGS Mineral Services, and Expert Process Solutions.
The Company ensures that any such counsel or