Company: PRMLF
Filing Date: 2025-03-20
Form Type: 10-K
Source: 0001641172-25-000043
Chunk: 28

Company: NexMetals Mining Corp.
Filing Date: 2025-03-20
Form: 10-K
Item: Item 1A
Chunk 28
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ii) more
than 50% of the fair market value of the Common Share was derived directly or indirectly from one or any combination of: (a) real or
immovable property situated in Canada, (b) “timber resource properties” (as defined in the Tax Act), (c) “Canadian
resource properties” (as defined in the Tax Act) or (d) options in respect of, or interests in, or for civil law rights in, any
of the foregoing, whether or not the property exists. If the Common Shares are not listed on any designated stock exchange, the Common
Shares would generally be “taxable Canadian property” of a U.S. Resident Holder at any time if, at any particular time during
the 60-month period that ends at that time, the condition described in (ii) above is met. Notwithstanding the foregoing, in certain circumstances
set out in the Tax Act, a Common Share may be deemed to be “taxable Canadian property”.

In
the case of a U.S. Resident Holder for whom our Common Shares constitute “taxable Canadian property”, no Canadian taxes will
generally be payable on a capital gain realized on the disposition or deemed disposition of such shares by reason of the Treaty, unless
the value of such shares is derived principally from “real property situated in Canada” for purposes of the Treaty at the
time of the disposition. U.S. Resident Holders for whom Common Shares may constitute “taxable Canadian property” should consult
their own tax advisor as to the Canadian federal income tax consequences of the disposition, including potential compliance requirements
and withholding under Section 116 of the Tax Act.

Item
6. [RESERVED].

Item
7. 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 operations
should be read in conjunction with the audited consolidated financial statements and accompanying notes thereto for the fiscal years
ended December 31, 2024 and 2023 (the “Annual 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 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