Company: PRMLF
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001493152-25-022391
Chunk: 129

Company: NexMetals Mining Corp.
Filing Date: 2025-11-13
Form: 10-Q
Item: Item 8
Chunk 129
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 (“Cu-Ni-Co”) mines in Botswana and related infrastructure (together, the “Selebi Mines”),
as well as the Cu-Ni-Co-PGE Selkirk mine in Botswana, together with associated infrastructure and four surrounding prospecting licenses
(collectively, the “Selkirk Mine” and together with the Selebi Mines, the “Mines”). NEXM is committed
to governance through transparency, accountability, and open communication among NEXM’s team and stakeholders.

The
Company’s principal business activity is the exploration and evaluation of the Mines. The Selebi and Selkirk Mines are permitted
with 10-year mining licences, granted in 2022, and renewable upon the submission of approved mine plans and other customary conditions,
and benefit from significant local infrastructure. The Company’s Selebi Mines include two shafts, the Selebi Main and Selebi North
shafts, and related infrastructure such as rail, power and roads.

NEXM
is headquartered in Vancouver, British Columbia, Canada and its common shares (the “Common Shares”) are publicly traded
on the Nasdaq Capital Market (the “Nasdaq”) and the TSX Venture Exchange (the “TSXV”) under the
symbol “NEXM”. Prior to June 11, 2025, the Company traded on the TSXV under its previous name and symbol, Premium Resources
Ltd. and PREM, respectively.

Highlights
and Key Developments:

    ●
    On January 31, 2025, the
    Company filed the Selkirk Mineral Resource Estimate (“MRE”) in conformance with the SEC’s Modernized Property
    Disclosure Requirements for Mining Registrants as described in Subpart 229.1300 of Regulation S-K, Disclosure by Registrants Engaged
    in Mining Operations (S-K 1300) and Item 601(b)(96) Technical Report Summary, entitled “S-K 1300 Technical Report Summary,
    Selkirk Nickel Project, North East District, Republic of Botswana” (the “Selkirk TRS”) and dated January
    8, 2025 (with an effective date of November 1, 2024) for its Selkirk Mine. The Selkirk MRE provides a solid foundation for advancing
    the Selkirk deposit to an economic study. 

    ● 
    On
    March 18, 2025, the Company closed a significant recapitalization of