Company: PRMLF
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001493152-25-011913
Chunk: 23

Company: NexMetals Mining Corp.
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 8
Chunk 23
---
, 2024  
    June 21, 2024 
  
    Expected dividend yield 
     0% 
     0%
  
    Share price 
    $16.20  
    $16.80 
  
    Expected share price volatility 
     83.17% 
     83.71%
  
    Risk free interest rate 
     3.23% 
     3.30%
  
    Expected life of warrant 
     5 years  
     5 years 

The
volatility was determined by calculating the historical volatility of stock prices of the Company over a 5-year period using daily closing
prices. The formula used to compute historical volatility is the standard deviation of the logarithmic returns.

b)Warrants

The
following summarizes Common Share purchase warrant activity:

SUMMARY
OF COMMON SHARE PURCHASE WARRANT ACTIVITY

    Six months ended  
    Year ended 

    June 30, 2025  
    December 31, 2024 

    Number Outstanding   
    Weighted Average Exercise Price $  
    Number Outstanding   
    Weighted Average Exercise Price $ 
  
    Outstanding, beginning of the year 
     2,126,342  
     23.02  
     344,555  
     30.00 
  
    Issued 
     7,313,726  
     9.57  
     1,814,070  
     22.00 
  
    Exercised 
     -  
     -  
     -  
     - 
  
    Expired 
     (11,072) 
     (35.00) 
     (32,283) 
     (41.00)
  
    Outstanding, end of the period 
     9,428,996  
     12.58  
     2,126,342  
     23.02 

At
June 30, 2025, the Company had outstanding Common Share purchase warrants exercisable to acquire Common Shares as follows:

SCHEDULE OF DETAILS OF WARRANTS OUTSTANDING

    Warrants  Outstanding  
    Warrants Exercisable  
    Expiry  Date 
    Exercise  Price  $  
    Intrinsic Value $ 
  
     301,200  
     301,200  
    June 28, 2026