Company: PRMLF
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001493152-25-022391
Chunk: 117

Company: NexMetals Mining Corp.
Filing Date: 2025-11-13
Form: 10-Q
Item: Item 8
Chunk 117
---
 was recorded as share-based compensation expense and credited
to additional paid-in capital related to Options.

The
fair value of Options granted was calculated using the Black-Scholes Option Pricing Model. The volatility was determined using the historical
daily volatility over the expected life of the Options. The expected life of the Options considered the contractual term of the Options,
as well as an estimate of the time to exercise. The Black-Scholes Option Pricing Model used the following assumptions:

SCHEDULE
OF FAIR VALUE OF STOCK OPTION GRANTED

    Nine months ended  
    Year ended 

    September 30, 2025  
    December 31, 2024 
  
    Expected dividend yield 
     0% 
     0%
  
    Expected forfeiture rate 
     0% 
     0%
  
    Expected share price volatility range 
     76.3-78.6% 
     74.2-79.8%
  
    Weighted average expected share price volatility 
     77.5% 
     75.9%
  
    Risk free interest rate 
     2.54%-2.70% 
     2.91%-3.23%
  
    Expected life of Options 
     2.5-3.5 years  
     2.5-3.5 years 

Details
of Options outstanding as at September 30, 2025, are as follows:

SCHEDULE
OF DETAILS OF OPTIONS OUTSTANDING

    Options  Outstanding  
    Options Exercisable  
    Expiry  Date 
    Exercise  Price  $  
    Intrinsic Value $ 
  
     160,736  
     160,736  
    January 26, 2026 
     7.80  
     - 
  
     21,250  
     21,250  
    February 25, 2026 
     32.00  
     - 
  
     55,335  
     55,335  
    September 29, 2026 
     18.20  
     - 
  
     49,940  
     49,940  
    October 25, 2026 
     40.00  
     - 
  
     97,499  
     97,499  
    January 20, 2027 
     48.00