Company: PRMLF
Filing Date: 2025-03-20
Form Type: 10-K
Source: 0001641172-25-000043
Chunk: 24

Company: NexMetals Mining Corp.
Filing Date: 2025-03-20
Form: 10-K
Item: Item 1A
Chunk 24
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 coarse reject duplicate samples in the primary sample streams. Selective pulp samples
are analyzed at a secondary laboratory. All results are reviewed upon receipt and actioned according to predefined failure criteria.
Internal reports are prepared to monitor performance and trends over longer periods.

Data
is maintained in an industry standard data management software with regular backups and internal controls. Prior to use in mineral resource
estimation, a third-party check verifies the drill hole database against laboratory sourced analytical certificates and validates the
data through several standard and specific tests, including review of QA/QC results.

The
mineral resource estimate is prepared by a third party whose standard workflow includes rigorous internal peer and senior review processes
that consider the suitability of technical and economic inputs and assumptions, the geological framework, mineralizing system, and interpolation
and classification approaches and execution. Results are reviewed internally by Company management.

Item
3. LEGAL PROCEEDINGS.

We
have no knowledge of any material, active, pending or threatened legal, administrative or judicial proceeding against us or our subsidiaries,
nor are we, or any subsidiary, involved as a plaintiff or defendant in any material proceeding or pending litigation.

Item
4. MINE SAFETY DISCLOSURES.

Not
applicable.

-21-

Part
II

Item
5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED
STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES.

Market
Information

The
Common Shares are listed and posted for trading on the TSXV under the symbol “PREM”. In addition, the Common Shares are currently
quoted on the OTC Pink Open Market under the symbol “PRMLF”.

Holders

As of March
18, 2025, there were 529 holders of record of Common Shares, based on information provided by the Company’s transfer agent
and the recently announced financing transaction (see “Liquidity & Capital Resources – Financings”). This figure
does not reflect the beneficial ownership of shares held in nominee name. The holders of Common Shares are entitled to one vote for each
share held of record on all matters submitted to a vote of shareholders. Holders of Common Shares have no pre-emptive rights and no right
to convert their Common Shares into any other securities. There are no redemption or sinking fund provisions applicable to the Common
Shares.

Dividends

We
have not paid, and do not in the foreseeable future intend to pay, any dividends on the Common Shares.