Company: PRMLF
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001493152-25-011913
Chunk: 68

Company: NexMetals Mining Corp.
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 8
Chunk 68
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 no off-balance sheet arrangements as at June 30, 2025.

Share
Capital Information

As
of the date of this Report, the fully diluted share capital of the Company, including Common Shares issuable upon exercise of securities
of the Company, is as follows:

    Securities 
    Common Shares 
  
    Common Shares 
     21,451,442 
  
    Preferred shares(1) 
     657 
  
    DSUs 
     88,901 
  
    Warrants 
     9,428,996 
  
    Stock options 
     1,023,423 
  
    RSUs 
     208,750 
  
    Fully diluted share capital 
     32,202,169 

Note:

    (1)
    The
    118,186 outstanding preferred shares are convertible into Common Shares at a 180:1 ratio.

45

Item
3. Quantitative and Qualitative Disclosures About Market Risk

Quantitative
and qualitative disclosures about market risk have been omitted as permitted under rules applicable to smaller reporting companies.

Item
4. Controls and Procedures

Disclosure
Controls and Procedures

We
maintain disclosure controls and procedures, as defined in Rule 13a-15(e) and Rule 15d-15(e) promulgated under the Securities Exchange
Act of 1934, as amended (the “Exchange Act”) that are designed to ensure that information required to be disclosed
by us in the reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported within the time periods
specified in the SEC’s rules and forms and that such information is accumulated and communicated to our Chief Executive Officer
and Chief Financial Officer as appropriate to allow timely decisions regarding required disclosure.

We
carried out an evaluation, under the supervision and with the participation of our Chief Executive Officer and Chief Financial Officer,
of the effectiveness of the design and operation of our disclosure controls and procedures as of June 30, 2025. Based on the evaluation
of these disclosure controls and procedures, management concluded that the Company’s disclosure controls and procedures were effective
as of June 30, 2025.

Changes
in Internal Control over Financial Reporting

There
were no changes in our internal control over financial reporting (as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act)
during the quarter ended June 30, 2025, that have materially affected, or are reasonably