Company: PRMLF
Filing Date: 2025-05-13
Form Type: 10-Q
Source: 0001641172-25-010011
Chunk: 30

Company: NexMetals Mining Corp.
Filing Date: 2025-05-13
Form: 10-Q
Item: Item 1
Chunk 30
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, and the value of $1,087,755 for 1,025,000 June 2024 Units granted to the financial advisor were allocated to the Common Shares
and the June 2024 Warrants based on relative fair values. The key inputs used in the Monte-Carlo model were as follows:

SCHEDULE
OF FAIR VALUE OF WARRANTS

    June 14, 2024  
    June 21, 2024 
  
    Expected dividend yield 
     0% 
     0%
  
    Share price 
    $0.81  
    $0.84 
  
    Expected share price volatility 
     83.17% 
     83.71%
  
    Risk free interest rate 
     3.23% 
     3.30%
  
    Expected life of warrant 
     5 years  
     5 years 

The volatility was determined by calculating
the historical volatility of stock prices of the Company over a 5-year period using daily closing prices. The formula used to compute
historical volatility is the standard deviation of the logarithmic returns.

b)Warrants

The following summarizes Common Share purchase
warrant activity:

SUMMARY
OF COMMON SHARE PURCHASE WARRANT ACTIVITY

    Three months ended  
    Year ended 

    March 31, 2025  
    December 31, 2024 

    Number

Outstanding   
    Weighted Average
 Exercise Price $  
    Number

Outstanding   
    Weighted Average
 Exercise Price $ 
  
    Outstanding, beginning of the year 
     42,526,857  
     1.15  
     6,891,099  
     1.50 
  
      Issued 
     146,274,510  
     0.48  
     36,281,409  
     1.10 
  
      Exercised 
     -  
     -  
     -  
     - 
  
      Expired 
     (221,448) 
     (1.75) 
     (645,651) 
     (2.05)
  
    Outstanding, end of the period 
     188,579,919  
     0.63  
     42,526,857  
     1.15 

At March 31,