Company: PRMLF
Filing Date: 2025-03-20
Form Type: 10-K
Source: 0001641172-25-000043
Chunk: 150

Company: NexMetals Mining Corp.
Filing Date: 2025-03-20
Form: 10-K
Item: Item 1B
Chunk 150
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 risks lies with the Chief Financial Officer and Chief Executive Officer, with
assistance from other members of management and contracted information technology consultants. The Company’s contracted information
technology consultants consist of highly experienced professionals in the areas of network security and disaster recovery. This team
will be at the forefront of our cybersecurity initiatives, coordinating both internal and external resources to anticipate, identify,
and mitigate cyber threats. Our approach will include regular updates from our third-party security expert consultant, leveraging intelligence
from various sources, and utilizing advanced security tools to protect our digital environment.

Item
2. PROPERTIES.

In
determining the Company’s material properties, management considered both quantitative and qualitative factors, assessed in the
context of the Company’s overall business and financial condition. The Company concluded that, as of the date of the filing of
this Report, the Company’s only material mining properties are the Selebi Mines and the Selkirk Mine. The Company will update its
assessment of individually material mines on an annual basis.

The
Company also holds interests in certain exploration stage properties located in Canada, however, the Company has determined that such
properties are not independently material to the Company at this time. For more information, see below under the heading “Canada
Nickel Projects – Sudbury, Ontario”.

Selebi
Mines

The
information that follows relating to the Selebi Mines is derived from, and in some instances is an extract from, the Selebi TRS. Portions
of the following information are based on assumptions, qualifications and procedures which are not fully described herein. Reference
should be made to the full text of the Selebi TRS, which has been included as Exhibit 96.1 to this Report. In the event that we determine
that any modifying factors, estimates and other scientific and technical information in the report materially change, we may update or
file a new technical report in the future. The Selebi Mines is an exploration stage property.

Pursuant
to Item 1302(b)(5) of Regulation S-K (17 C.F.R. §229.1302(b)(5)), the Company states that the Selebi TRS was prepared by SLR Consulting
(Canada) Ltd (“SLR”). The qualified persons of SLR meet the qualifications specified under the definition of “qualified
person” under Item 1300 of Regulation S-K.

Property
Description and Location

The
Selebi Mines are located in Botswana approximately 150 km southeast of the city of Francistown,