Company: PRMLF
Filing Date: 2025-03-20
Form Type: 10-K
Source: 0001641172-25-000043
Chunk: 119

Company: NexMetals Mining Corp.
Filing Date: 2025-03-20
Form: 10-K
Item: Item 1A
Chunk 119
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     Nil 

Notes:

    (1)
    Mr.
    Morrison retired as Chief Executive Officer on December 31, 2024. Compensation for Mr. Morrison’s former position as Chief Executive
    Officer was paid to Breniklan Limited, a private company controlled by Mr. Morrison, which provided the services of Mr. Morrison
    as the Company’s Chief Executive Officer. Mr. Morrison did not receive any compensation for his services as a Director of the
    Company. See “Employment, Consulting and Management Agreements”. The $1,168,729 of other compensation payable
    to Mr. Morrison in 2024 is comprised of a retirement benefit payable to Mr. Morrison over 24 months. See “Employment, Consulting
    and Management Agreements”.

    (2)
    Mr.
    Kamstra’s consulting fees were paid in USD and converted at the average annual exchange rate of USD 1.00:CAD 1.4389. These
    fees were paid to ANZAC Consulting Ltd., a private company controlled by Mr. Kamstra, which provides the services of Mr. Kamstra
    as the Company’s Chief Operating Officer of PRIL. See “Employment, Consulting and Management Agreements”.

    (3)
    Mr.
    Hick was Lead Director of the Company until the appointment of James Gowans as Chair of the Board on January 1, 2024. Mr. Hick resigned
    as a Director of the Company effective September 18, 2024.

    (4)
    Paid
    to NAM Management Ltd., a private Company controlled by Norman MacDonald, which provides the consulting services of Mr. MacDonald.
    See “Employment, Consulting and Management Agreements”. These fees were not related to Mr. MacDonald acting in
    his capacity as a Director, and Mr. MacDonald did not receive any compensation for his services as a Director of the Company.

See
“Employment, Consulting and Management Agreements” below for disclosure relating to any external management company
employing or retaining individuals acting as executive officers of the Company, or that provide the Company’s executive management
services.

Options
and Other Compensation Securities

The
following table sets forth certain information in respect of all compensation securities granted or issued to each named executive
officer and director by the Company or one of its subsidiaries in the financial year ended December 31