Company: PRMLF
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001493152-25-022391
Chunk: 133

Company: NexMetals Mining Corp.
Filing Date: 2025-11-13
Form: 10-Q
Item: Item 8
Chunk 133
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 project economics through further metallurgical sampling and testing, evaluation of XRT (“X-ray Transmission”)
pre-concentration sorting, and related flowsheet design.

Readers
are cautioned that the above represents the opinions, assumptions and estimates of management considered reasonable at the date the statements
are made and are inherently subject to a variety of risks and uncertainties and other known and unknown factors that could cause actual
events or results to differ materially from those described above. See “Cautionary Note Regarding Forward Looking Statements.”

Mineral
Properties

The
information that follows relating to the Selebi Mines is derived from, and in some instances is an extract from, the Selebi Technical
Report Summary entitled “S-K 1300 Technical Report Summary Selebi Mines, Central District, Republic of Botswana” with
an effective date of June 30, 2024 and a signature date of December 17, 2024, prepared by SLR Consulting (Canada) Ltd. (the “Selebi
TRS”), prepared in compliance with the SEC’s Modernization of Property Disclosures for Mining Registrants set forth in
subpart 1300 of Regulation S-K.

The
information that follows relating to the Selkirk Mine is derived from, and in some instances is an extract from, the Selkirk Technical
Report Summary entitled “S-K 1300 Technical Report Summary, Selkirk Nickel Project, North East District, Republic of Botswana”
with an effective date of November 1, 2024, and a signature date of January 8, 2025, prepared by SLR Consulting (Canada) Ltd., prepared
in compliance with the SEC’s Modernization of Property Disclosures for Mining Registrants set forth in subpart 1300 of Regulation
S-K.

30

The
qualified persons of SLR Consulting (Canada) Ltd. meet the qualifications specified under the definition of “qualified person”
under Item 1300 of Regulation S-K. Portions of the following information are based on assumptions, qualifications and procedures which
are not fully described herein. Reference should be made to the full text of the Selebi TRS and Selkirk TRS, which have been included
as Exhibit 96.1 and 96.2 to the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024, respectively.
In the event that we determine that any modifying factors, estimates and other scientific and technical information in the reports materially
change, we may update or