Company: PRMLF
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001493152-25-011913
Chunk: 69

Company: NexMetals Mining Corp.
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 8
Chunk 69
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 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

The
business of the Company being the exploration and evaluation of mineral properties in Botswana and Canada is speculative and involves
a high degree of risk. These risks may have a material and adverse impact on the future operations, financial performance and condition
of the Company and the value of the Common Shares. Although the Company has been successful in its past fund-raising activities, there
is no assurance as to the success of future fundraising efforts or as to the sufficiency of funds raised to date or in the future.

An
investment in the Company’s Common Shares involves a high degree of risk. The following discussion highlights the risks and uncertainties
we believe are material to the Company, but the following discussion does not necessarily include all the risks we may face and an investor
in the Company’s Common Shares should not interpret the disclosure of a risk in the following discussion to state or imply that
the risk has not already materialized. In evaluating an investment in the Company, the risks and uncertainties described below should
be carefully considered. If any such risks occur, the business, financial condition and/or liquidity and results of operations of the
Company could be materially adversely affected. In this event, the value of the Common Shares could decline and shareholders could lose
all or part of their investment.

Further,
the Company’s view of risks is not static, and readers are cautioned that there can be no assurance that all risks to the Company,
at any point in time, can be accurately identified, assessed as to significance or impact, managed or effectively controlled or mitigated.
There can be additional new or elevated risks to the Company that are not described herein or in the Company’s public filings to
date.

The
summary and risks that follow are organized under headings as determined to be most applicable, but such risks also may be relevant to
other headings.

I.
RISKS RELATED TO EXPLORATION & EVALUATION PROJECTS

The
failure of the Company 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