Company: PRMLF
Filing Date: 2025-03-20
Form Type: 10-K
Source: 0001641172-25-000043
Chunk: 0

Company: NexMetals Mining Corp.
Filing Date: 2025-03-20
Form: 10-K
Item: Item 1A
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The
business of the Company being the exploration and evaluation of mineral properties in Botswana and Canada is speculative and involves
a high degree of risk. These risks may have a material and adverse impact on the future operations, financial performance and condition
of the Company and the value of the Common Shares. Although the Company has been successful in its past fund-raising activities, there
is no assurance as to the success of future fundraising efforts or as to the sufficiency of funds raised in the future.

An
investment in the Company’s Common Shares involves a high degree of risk. The following discussion highlights the risks and uncertainties we believe
are material to the Company, but the following discussion does not necessarily include all the risks we may face and an investor in the
Company’s Common Shares should not interpret the disclosure of a risk in the following discussion to state or imply that the risk
has not already materialized. In evaluating an investment in the Company, the risks and uncertainties described below should be carefully
considered. If any such risks occur, the business, financial condition and/or liquidity and results of operations of the Company
could be materially adversely affected. In this event, the value of the Common Shares could decline and shareholders could lose all or
part of their investment.

Further,
the Company’s view of risks is not static, and readers are cautioned that there can be no assurance that all risks to the Company,
at any point in time, can be accurately identified, assessed as to significance or impact, managed or effectively controlled or mitigated.
There can be additional new or elevated risks to the Company that are not described herein or in the Company’s public filings to
date.

The summary and risks that follow
are organized under headings as determined to be most applicable, but such risks also may be relevant to other headings.

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I. RISKS RELATED TO EXPLORATION & EVALUATION
PROJECTS

Inherent risks associated with discovering commercially-viable deposits

The Company’s projects are in their exploration
and evaluation stages. The exploration of mineral deposits involves significant financial risks over a prolonged period of time, which
may not be eliminated even through a combination of careful evaluation, experience and knowledge.

Most exploration projects do not result in the discovery
of commercially-mineralized deposits. The commercial viability of exploiting any precious or base-metal deposit is dependent on a number
of factors including infrastructure and governmental regulation, in particular those relating to environment, taxes and royalties. No
assurance can be given that minerals will be discovered