Company: PRMLF
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001493152-25-022391
Chunk: 118

Company: NexMetals Mining Corp.
Filing Date: 2025-11-13
Form: 10-Q
Item: Item 8
Chunk 118
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     - 
  
     163,330  
     108,887  
    August 8, 2028 
     35.00  
     - 
  
     151,700  
     101,133  
    August 14, 2029 
     22.00  
     - 
  
     15,000  
     10,833  
    December 4, 2029 
     9.80  
     - 
  
     287,500  
     143,750  
    March 18, 2030 
     10.00  
     - 
  
     11,500  
     8,500  
    April 24, 2030 
     9.80  
     - 
  
     1,013,790  
     757,863  

     - 

    22

Notes
to the Unaudited Condensed Interim Consolidated Financial Statements

For
the three and nine months ended September 30, 2025 and 2024

(Expressed
in Canadian dollars)

RSUs

A
RSU is an Award that upon settlement, entitles the recipient participant to receive one Common Share. The number, terms, and vesting
conditions of RSUs awarded will be determined by the Board of Directors from time to time. The Company uses the fair value method of
accounting for the recording of RSU grants, and the fair value of the RSUs was determined based on the closing price of the Company’s
Common Shares on the grant date.

During
the nine months ended September 30, 2025, the Company granted an aggregate of 158,750 RSUs to employees, directors, officers and consultants
with each RSU vesting in full on the first anniversary of the date of grant.

The
following is a continuity of the RSUs which are fixed and are not subject to vesting conditions other than service:

SCHEDULE
OF CONTINUITY OF RSU

    Nine months ended  
    Year ended 

    September 30, 2025  
    December 31, 2024 

    Number Outstanding    
    Weighted Average Grant-Date Fair Value Per Award $  
    Number Outstanding    
    Weighted Average Grant-Date Fair Value Per Award $ 
  
    Outstanding, beginning of