Company: PRMLF
Filing Date: 2025-03-20
Form Type: 10-K
Source: 0001641172-25-000043
Chunk: 303

Company: NexMetals Mining Corp.
Filing Date: 2025-03-20
Form: 10-K
Item: Item 1C
Chunk 303
---
 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
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 year ended
December 31, 2024, and the results of operations of the Company for the twelve-month periods ended December 31, 2024 and December 31,
2023. The Annual 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.

-23-

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.

Selected
Financial Information and