Company: PRMLF
Filing Date: 2025-05-13
Form Type: 10-Q
Source: 0001641172-25-010011
Chunk: 83

Company: NexMetals Mining Corp.
Filing Date: 2025-05-13
Form: 10-Q
Item: Item 2
Chunk 83
---
 see “Exploration and Evaluation Activities and Mineral
Properties” below.

29

Highlights and Key Developments:

    ●
    On January 27, 2025, the Company reported significant assay results for two holes that were drilled outside of the Selebi MRE at Selebi North. 

    ●
    On January 31, 2025, the Company filed the Selkirk TRS. For details of
the Selkirk MRE, see “Selkirk Mine, Botswana”.

    ●  
    On March 18, 2025, the Company closed a $46.0 million Private Placement and Debt Conversion. On March 20, 2025, Morgan Lekstrom was appointed as the Company’s new Chief Executive Officer. For a summary of the transactions, see “Liquidity & Capital Resources — Financings”.

    ●  
    On March 25, 2025, the Company announced the appointment of Chris Leavy to the board of directors (the “Board of Directors” or the “Board”). The Company also announced the retirement of William O’Reilly as a director of the Company.

    ●  
    On April 10, 2025, the Company
announced a new strategic direction for the Mines. For more information relating to the planned activities over the next six months,
see “Exploration and Evaluation Activities and Mineral Properties” below.

    ●  
    On April 17, 2025, the Company announced additional high-grade assay results from resource reclassification drilling at SNUG. 

    ●  
    On April 24, 2025, the Company announced the appointment of André van Niekerk to the Board. The Company also announced the retirement of Don Newberry as a director of the Company.

    ●  
    On May 1, 2025, the Company
    announced that it had successfully intersected  mineralization at SNUG below the Selebi Mines MRE confirming the
    down-plunge continuation of massive sulphides. For details, see “Exploration and Evaluation Activities and Mineral
    Properties” below.

    ●
    On May 6, 2025, the Company announced that it had applied to list its common
shares on the Nasdaq Capital Market.

Corporate Social Responsibility

The Company is committed to conducting its business
in a socially responsible and sustainable manner, with a focus on environmental stewardship, health and safety, community engagement and
ethical conduct. The Company