Company: PRMLF
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001493152-25-011913
Chunk: 73

Company: NexMetals Mining Corp.
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 8
Chunk 73
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 and grow its operations.
Furthermore, additional financing, whether through the issue of additional equity and/or debt securities and/or project level debt, will
be required to continue the development of the Company’s material projects and there is no assurance that additional capital or
other types of financing will be available or that these financings will be on favourable terms or terms which are at least as favourable
to the Company as those previously obtained. Failure to raise
such capital could result in the Company ceasing operations or losing its mineral interests.

From
time to time, the Company may issue new shares, seek debt financing, dispose of assets, or enter into transactions to acquire assets
or shares of other corporations.

The
accompanying financial statements, dated June 30, 2025, have been prepared on a going concern basis, meaning management believes the
Company will continue in operation for the foreseeable future and will be able to realize assets and discharge liabilities in the normal
course of operations. The Company’s continued ability to operate depends on securing sufficient funding to meet its current commitments
as they become due. Failure to obtain additional financing or to achieve profitability and positive operating cash flows will have a
material adverse effect on the Company’s financial condition and results of operations.

III.
OPERATIONAL RISKS

The
Company is subject to risks associated with operating outside of Canada

The
Company’s material mineral projects are located in the Republic of Botswana. The Company’s anticipated operations outside
Canada could subject the Company to a variety of additional risks that may negatively impact its business and operations including any
of the following: changes in rules and regulations including required royalties; failure of local parties to honour contractual relations;
delays in obtaining or the inability to obtain necessary governmental permits; opposition to mining from environmental or other non-governmental
organizations; limitations on foreign ownership; limitations on the repatriation of earnings; economic or tax policies; tariffs and trade
barriers; regulations related to customs and import/export matters; longer payment cycles; tax issues; currency fluctuations and exchange
controls; rates of inflation; challenges in collecting receivables; cultural and language differences; employment regulations; crimes,
strikes, riots, civil disturbances, terrorist attacks, and wars; and deterioration of political relations with Canada or other governments
or sanctions imposed by Canada or other governments. There will also be currency exchange risks in connection with the operations of
the Company’s foreign mineral assets, including the Mines.

In
addition, Botswana is considered an emerging market. Emerging market