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

Company: NexMetals Mining Corp.
Filing Date: 2025-03-20
Form: 10-K
Item: Item 1A
Chunk 25
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 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 under the Income Tax Act (Canada)
(the “Tax Act”) generally applicable to a holder who is a beneficial owner of our Common Shares and who, at all relevant
times, (i) is not, and is not deemed to be, resident in Canada for purposes of the Tax Act and any applicable income tax treaty or convention,
(ii) is resident in the United States for purposes of the Treaty (as defined below) and is fully entitled to all benefits of the Treaty,
(iii) deals at arm’s length with us, and is not affiliated with us, for purposes of the Tax Act, (iv) holds our Common Shares as
capital property for purposes of the Tax Act, and (v) does not use or hold, and is not deemed to use or hold, our Common Shares in the
course of carrying on, or otherwise in connection with, a business in Canada for purposes of the Tax Act (a “U.S. Resident Holder”).
Special rules, which are not discussed in this summary, may apply to a U.S. Resident Holder that is an insurer carrying on an insurance
business in Canada and elsewhere or an “authorized foreign bank” (as defined in the Tax Act). Generally, our Common Shares
will be considered to be capital property to