Company: PRMLF
Filing Date: 2025-05-13
Form Type: 10-Q
Source: 0001641172-25-010011
Chunk: 31

Company: NexMetals Mining Corp.
Filing Date: 2025-05-13
Form: 10-Q
Item: Item 1
Chunk 31
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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 $ 
  
     6,024,000  
     6,024,000  
    June 28, 2026 
     1.44  
     - 
  
     20,259,614  
     20,259,614  
    June 14, 2029 
     1.10  
     - 
  
     16,021,795  
     16,021,795  
    June 21, 2029 
     1.10  
     - 
  
     76,666,667  
     76,666,667  
    March 18, 2028 
     0.55  
     - 
  
     69,607,843  
     69,607,843  
    March 18, 2028 
     0.40  
     2,088,235 
  
     188,579,919  
     188,579,919  

c)Stock Options

The Company has a stock option plan (the “Option
Plan”) providing the authority to grant options to directors, officers, employees and consultants enabling them to acquire
up to 27,100,000 Common Shares of the Company. Under the Option Plan, the exercise price of each option shall not be less than the discounted
market price on the grant date and as approved by the Board of Directors of the Company. The options can be granted for a maximum term
of ten years.

    21
     Notes to the Unaudited Condensed Interim Consolidated Financial StatementsFor the three months ended March 31, 2025 and 2024(Expressed in Canadian dollars)

The following summarizes the option activity
under the Option Plan:

SCHEDULE
OF OPTION ACTIVITY

    Three months ended  
    Year ended 

    March 31, 2025  
    December 31, 2024 

    Number

Outstanding   
    Weighted Average
 Exercise Price $  
    Number

Outstanding   
    Weighted Average
 Exercise Price $