Company: PRMLF
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001493152-25-011913
Chunk: 35

Company: NexMetals Mining Corp.
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 8
Chunk 35
---
266,785  
     1,497,892  
     533,573 
  
    Total 
     1,915,022  
     1,735,268  
     3,575,404  
     2,932,968 

27

Item
2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

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 June 30, 2025 and 2024 (the “Quarterly Financial Statements”)
appearing elsewhere in this Report. This discussion and analysis below includes forward-looking statements within the meaning of
applicable securities laws that are subject to risks, uncertainties and other factors described in the “Risk
Factors” section in Part I, Item 1A of this Report 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
June 30, 2025, and the results of operations of the Company for the three-month and six-month periods ended June 30, 2025 and June 30,
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 “NEXM” refer to NexMetals Mining Corp. and its consolidated
subsidiaries. All monetary amounts in the discussion are expressed in Canadian dollars unless otherwise indicated.

Company
Overview

NEXM
is a mineral exploration and development 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