Company: PRMLF
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001493152-25-022391
Chunk: 164

Company: NexMetals Mining Corp.
Filing Date: 2025-11-13
Form: 10-Q
Item: Item 8
Chunk 164
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 such additional financing will
be available on acceptable terms or at all. Failure to obtain sufficient financing within the required timeframe could have a material
adverse effect on the Company’s business, financial condition, or results of operations, including the potential requirement to
return the Selebi or Selkirk Mines to the liquidators.

Use
of Proceeds of the November 2025 best efforts Offering may be used other than as described

Management
will have discretion concerning the use of the proceeds of the November 2025 Offering as well as the timing of their expenditure. As
a result, an investor will be relying on the judgment of management for the application of the proceeds of the Offering. Management may
use the net proceeds of the Offering other than as described in this Form 10-Q if they believe it would be in the Corporation’s
best interest to do so and in ways that an investor may not consider desirable. The results and the effectiveness of the application
of the proceeds are uncertain. If the proceeds are not applied effectively, the Corporation’s results of operations may suffer.

46

Item
2. Unregistered Sales of Equity Securities and Use of Proceeds

There were no unregistered sales of the Company’s equity securities during the nine months ended September 30, 2025, other than
those previously reported in a Current Report on Form 8-K.

Item
3. Defaults Upon Senior Securities

None.

Item
4. Mine Safety Disclosures

Not
applicable.

Item
5.   Other Information

Insider
Trading Arrangements

During
the three months ended September 30, 2025, none of our directors or officers (as defined in Rule 16a-1(f) of the Exchange Act) adopted, modified
or terminated
a Rule 10b5-1 trading arrangement or non-Rule 10b5-1 trading arrangement (as such terms are defined in Item 408 of Regulation S-K of
the Securities Act).

47

Item
6. Exhibits

    Exhibit
    No.
     
    Description
of Exhibit

    10.1*
     
    Agency Agreement dated November 12, 2025, between the Company and SCP Resource Finance LP, as sole bookrunner, and Raymond James Ltd., as co-lead agents, together with Cormark Securities Inc.

    31.1*
     
    Rule 13a-14(a)/15d-14(a) certification of Chief Executive Officer

    31