Company: PRMLF
Filing Date: 2025-03-20
Form Type: 10-K
Source: 0001641172-25-000043
Chunk: 631

Company: NexMetals Mining Corp.
Filing Date: 2025-03-20
Form: 10-K
Item: Item 9A
Chunk 631
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                                            (b)(2)  
    Number
                                            of securities
                                                                               remaining
                                            available
                                                                               for
                                            future issuance
                                                                               under
                                            equity compensation plans
                                                                               (excluding
                                            securities reflected in column (a)) (c) 
  
    Equity compensation plans approved by security holders 
     18,751,515  
     1.28  
     14,868,935 
  
    Equity compensation plans not approved by security holders 
     Nil  
     Nil  
     Nil 
  
    Total 
     18,751,515  
     1.28  
     14,868,935 

Note:

(1)The
                                            number of securities to be issued in column (a), and the number of securities available in
                                            column (c), include DSUs. The Company expects to settle these in cash, however they may be
                                            paid in shares at the discretion of the Company.

(2)The
                                            weighted average exercise price does not take into account the shares issuable upon vesting
                                            of RSUs or the settlement of DSUs, as these awards do not have an exercise price.

Item
13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND
DIRECTOR INDEPENDENCE.

There
have been no transactions since January 1, 2024, in which the Company was or is to be a participant and the amount involved exceeds US$120,000
and in which any executive officer or director of the Company, any shareholder beneficially owning more than 5% of any class of our voting
securities or an immediate family member of any such persons had or will have a direct or indirect material interest.

Procedures
for Approval of Related Party Transactions

Our
Board of Directors is charged with reviewing and approving all potential related party transactions. All such related party transactions
must then be reported under applicable SEC rules. We have not adopted other procedures for review, or standards for approval, of such
transactions, but instead review them on a case-by-case basis.

-55-

Director
Independence

The
independence of our directors is determined under Nasdaq Rules.

For
the purposes of this Report, as of March 19, 2025, the Board has determined that 6 of our 7 current directors are independent
persons under the Nasdaq Rules, which is the majority of the Board:  James Gowans, Norman MacDonald, Mark Christensen