Company: PRMLF
Filing Date: 2025-03-20
Form Type: 10-K
Source: 0001641172-25-000043
Chunk: 95

Company: NexMetals Mining Corp.
Filing Date: 2025-03-20
Form: 10-K
Item: Item 1A
Chunk 95
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, 2028 
     1.75  
     - 
  
     3,110,000  
     1,036,667  
    August 14, 2029 
     1.10  
     - 
  
     300,000  
     216,667  
    December 4, 2029 
     0.49  
     - 
  
     15,586,771  
     11,107,920  

d)RSU
                                            Plan

On
October 29, 2024, the Company’s restricted share unit plan (the “RSU Plan”) was approved by shareholders at
its annual general and special shareholders’ meeting. The RSU Plan enables the Company to grant RSUs to eligible participants upon
approval by the Board of Directors. The maximum number of Common Shares that are issuable under the RSU Plan is 5,000,000 Common Shares.
Upon settlement, the holder is entitled to receive one Common Share. The Company may elect, in its sole discretion, to settle the value
of the RSUs in cash.

The
number and terms of RSUs awarded will be determined by the Board of Directors from time to time and be based on the volume weighted
average price on the TSXV for the last five trading days immediately preceding the grant date. The RSU grants are fixed, not subject
to vesting conditions other than service, and typically vest on a three-year schedule from the date of grant,
with one-third of the RSU grant vesting on each of the first, second and third anniversaries of the date of grant. 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.

The
following is a continuity of the RSUs:

 SCHEDULE
OF CONTINUITY OF RSU

    Number of Awards  
    Weighted Average Grant-Date Fair Value Per Award $  
    Fair Value    $ 
  
    RSUs outstanding at December 31, 2023 
     -  
     -  
     - 
  
    Granted 
     1,000,000  
     0.60  
     600,000 
  
    RSUs outstanding at December 31, 2024 
     1