Company: PRMLF
Filing Date: 2025-03-20
Form Type: 10-K
Source: 0001641172-25-000043
Chunk: 29

Company: NexMetals Mining Corp.
Filing Date: 2025-03-20
Form: 10-K
Item: Item 1A
Chunk 29
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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 Financial Position

The
following amounts are derived from the Company’s consolidated financial statements prepared under US GAAP.

    In Canadian dollars, except number of shares outstanding 
    Three months ended December 31,  
    Year ended December 31, 
  
    Income Statement 
    2024  
    2023  
    2024  
    2023  
    2022 
  
    Net loss 
     11,274,951  
     10,176,556  
     42,420,283  
     32,376,069  
     27,306,350 
  
    Weighted average number of Common Shares outstanding – basic and diluted 
     185,708,588  
     138,475,825  
     168,932,859  
     128,509,525  
     109,661,379 
  
    Basic and diluted loss per share 
     0.06  
     0.07  
     0.25  
     0.25  
     0.25 

    Balance Sheet 
    December 31,