Company: PRMLF
Filing Date: 2025-03-20
Form Type: 10-K
Source: 0001641172-25-000043
Chunk: 163

Company: NexMetals Mining Corp.
Filing Date: 2025-03-20
Form: 10-K
Item: Item 1B
Chunk 163
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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. The declaration and payment of
future dividends to holders of our Common Shares will be at the discretion of the Board of Directors and will depend upon many factors,
including our financial condition, earnings, legal requirements, restrictions in our debt agreements and other factors deemed relevant
by the Board of Directors.

Recent
Sales of Unregistered Securities

The
following table outlines the number of Common Shares and securities that are convertible into Common Shares issued by the Company during
the three months ended December 31, 2024.

Convertible
Securities

    Date of Issuance 
    Security 
    Exercise Price per Security ($)  
    Number of Securities 
  
    December 4, 2024 
    Options 
     0.49  
     300,000 
  
    December 30, 2024 
    DSUs 
     N/A  
     317,500 

Purchases
of Equity Securities by the Issuer and Affiliated Purchasers

There
was no repurchase activity by the Company in respect of Common Shares during the year ended December 31, 2024.

Certain
Canadian Federal Income Tax Considerations for U.S. Residents  

The
following general summary describes the principal Canadian federal income tax considerations