Company: PRMLF
Filing Date: 2025-03-20
Form Type: 10-K
Source: 0001641172-25-000043
Chunk: 253

Company: NexMetals Mining Corp.
Filing Date: 2025-03-20
Form: 10-K
Item: Item 1B
Chunk 253
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 downhole EM methods.

Involvement
in Certain Legal Proceedings

Except
as disclosed below, to our knowledge, during the last ten years, none of our directors and executive officers (including those of our
subsidiaries) has:

●Had
                                            a bankruptcy petition filed by or against any business of which such person was a General
                                            Partner or Executive Officer either at the time of the bankruptcy or within two years prior
                                            to that time.

●Been
                                            convicted in a criminal proceeding or been subject to a pending criminal proceeding, excluding
                                            traffic violations and other minor offenses.

●Been
                                            subject to any order, judgment or decree, not subsequently reversed, suspended or vacated,
                                            of any court of competent jurisdiction, permanently or temporarily enjoining, barring, suspending
                                            or otherwise limiting his/her involvement in any type of business, securities or banking
                                            activities.

●Been
                                            found by a court of competent jurisdiction in a civil action, the SEC, or the Commodities
                                            Futures Trading Commission to have violated a federal or state securities or commodities
                                            law, and the judgment has not been reversed, suspended or vacated.

●Been
                                            the subject to, or a party to, any sanction or order, not subsequently reversed, suspended
                                            or vacated, of any self-regulatory organization, any registered entity, or any equivalent
                                            exchange, association, entity or organization that has disciplinary authority over its members
                                            or persons associated with a member.

 ●Been found by a court of competent jurisdiction in a civil action or by
the Commodity Futures Trading Commission to have violated any Federal commodities law, and the judgment in such civil action or finding
by the Commodity Futures Trading Commission has not been subsequently reversed, suspended or vacated;

 ●Been the subject of, or a party to, any Federal or
State judicial or administrative order, judgment, decree, or finding, not subsequently reversed, suspended or vacated, relating to an
alleged violation of:

(i) Any Federal or State securities or commodities
law or regulation; or

(ii) Any law or regulation respecting financial institutions
or insurance companies including, but not limited to, a temporary or permanent injunction, order of disgorgement or restitution, civil
money penalty or temporary or permanent cease-and-desist order, or removal or prohibition order; or

(iii) Any law or regulation prohibiting mail or wire fraud or fraud in
connection with any business entity.

 ●Been the subject of