Company: PRMLF
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001493152-25-011913
Chunk: 28

Company: NexMetals Mining Corp.
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 8
Chunk 28
---
 Number Outstanding    
    Weighted Average Grant-Date Fair Value Per Award $  
    Number Outstanding    
    Weighted Average Grant-Date Fair Value Per Award $ 
  
    Outstanding, beginning of the year 
     50,000  
     12.00  
     -  
     - 
  
    Granted 
     158,750  
     8.20  
     50,000  
     12.00 
  
    Outstanding, end of the period 
     208,750  
     9.00  
     50,000  
     12.00 

For
the three and six months ended June 30, 2025, a total of $430,484 (three months ended June 30, 2024 – $nil) and $578,552 (six months
ended June 30, 2024 - $nil), respectively, was recorded as share-based compensation expense and credited to additional paid-in capital
related to RSUs. 

    23

Notes to the Unaudited Condensed Interim Consolidated Financial Statements

For the three and six months ended June 30, 2025 and 2024

(Expressed in Canadian dollars)

DSUs

DSUs
are granted annually by the Board of Directors and outstanding DSUs are settled in cash upon redemption. The number and vesting conditions
of DSUs awarded will be determined by the Board of Directors from time to time. Each director may elect to receive any part or all of
their director fees in DSUs.

The
DSUs credited to the account of a director may only be redeemed following the date upon which the holder ceases to be a director but
prior to the end of the calendar year following the year in which the holder ceases to be a director.

The
following is a continuity of the DSUs:

SCHEDULE
OF DSU GRANTED

    Number of Awards  
    Price(1) $  
    Fair Value  $ 
  
    DSUs outstanding at December 31, 2023 
     36,548  
     24.20  
     884,481 
  
    Granted 
     71,688  
     14.24  
     1,020,523 
  
    Fair value adjustment 
     -  
     -  
     (963,340)
  
    DSUs