Company: PRMLF
Filing Date: 2025-05-13
Form Type: 10-Q
Source: 0001641172-25-010011
Chunk: 80

Company: NexMetals Mining Corp.
Filing Date: 2025-05-13
Form: 10-Q
Item: Item 2
Chunk 80
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The following management’s
discussion and analysis (this “MD&A”) of our financial condition and results of operation should be read in conjunction
with the unaudited condensed interim consolidated financial statements of the Company and accompanying notes thereto for the quarters
ended March 31, 2025 and 2024 (the “Quarterly Financial Statements”) appearing elsewhere in this Report. This discussion
and analysis below includes forward-looking statements that are subject to risks, uncertainties and other factors described in the “Risk
Factors” section set forth in the 2024 Form 10-K that could cause actual results to differ materially from those anticipated
in these forward-looking statements as a result of various factors. Additionally, our historical results are not necessarily indicative
of the results that may be expected for any period in the future. We caution you to read the “Cautionary Note Regarding Forward-Looking
Statements” section of this Report.

This MD&A is intended
to assist the reader to assess material changes in the financial condition of the Company during the quarter ended March 31, 2025, and
the results of operations of the Company for the three-month periods ended March 31, 2025 and March 31, 2024. The Quarterly Financial
Statements and the financial information contained in this MD&A were prepared in accordance with US GAAP and pursuant to the rules
and regulations of the U.S. Securities and Exchange Commission.

In this MD&A, unless
the context otherwise requires, references to the Company or PREM refer to Premium Resources Ltd. and its consolidated subsidiaries. All
monetary amounts in the discussion are expressed in Canadian dollars unless otherwise indicated.

This MD&A contains forward-looking
information within the meaning of applicable securities laws. All forward-looking information, including information not specifically
identified herein, is made subject to cautionary language in this MD&A. Readers are cautioned to refer to the disclosure in this Report
under the heading “Cautionary Note Regarding Forward-Looking Statements” when reading any forward-looking information.

Company Overview

PREM is a mineral exploration and evaluation company
focused on the discovery and advancement of high-quality nickel-copper-cobalt-platinum group elements (“Ni-Cu-Co-PGE”)
resources. The principal assets of the Company are the Selebi Main and Selebi North nickel-copper-cobalt (“Ni-Cu-Co”)
mines in Botswana and related infrastructure (together, the “Selebi Mines”), as well as the Ni-Cu-Co-P