Company: PRMLF
Filing Date: 2025-03-20
Form Type: 10-K
Source: 0001641172-25-000043
Chunk: 11

Company: NexMetals Mining Corp.
Filing Date: 2025-03-20
Form: 10-K
Item: Item 1A
Chunk 11
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 frame our risk identification, assessment and management processes and will not equate to compliance with
any specific technical standards or requirements.

The
key components of our future cybersecurity program are expected to include:

    ●
    conducting
    risk assessments to pinpoint material cybersecurity threats to our critical systems, data, products, services, and overall IT infrastructure;

    ●
    a
    third-party security expert consultant overseeing the risk assessment process, maintenance of security controls, and coordination
    of responses to cybersecurity incidents;

    ●
    engagement
    with external service providers to evaluate, enhance, or support our security measures; and

    ●
    an
    incident response plan outlining specific procedures for managing cybersecurity incidents.

Cybersecurity
Governance

The
governance of cybersecurity risks will be a critical function of our Board, which will have a key role in the oversight of cybersecurity
and related technology risks. The Board will be tasked with monitoring the effectiveness of our cybersecurity risk management program,
once adopted.

-11-

The
Board will receive regular updates from management on the state of cybersecurity risks facing the Company. This includes briefings on
any significant cybersecurity incidents and ongoing cybersecurity risk management efforts.

The
responsibility for day-to-day management of cybersecurity risks lies with the Chief Financial Officer and Chief Executive Officer, with
assistance from other members of management and contracted information technology consultants. The Company’s contracted information
technology consultants consist of highly experienced professionals in the areas of network security and disaster recovery. This team
will be at the forefront of our cybersecurity initiatives, coordinating both internal and external resources to anticipate, identify,
and mitigate cyber threats. Our approach will include regular updates from our third-party security expert consultant, leveraging intelligence
from various sources, and utilizing advanced security tools to protect our digital environment.

Item
2. PROPERTIES.

In
determining the Company’s material properties, management considered both quantitative and qualitative factors, assessed in the
context of the Company’s overall business and financial condition. The Company concluded that, as of the date of the filing of
this Report, the Company’s only material mining properties are the Selebi Mines and the Selkirk Mine. The Company will update its
assessment of individually material mines on an annual basis.

The
Company also holds interests in certain exploration stage properties located in Canada, however, the Company has determined that such
properties are not independently material to the Company at this time. For more information, see below under the heading “Canada
Nickel Projects – Sudbury