Company: PRMLF
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001493152-25-022391
Chunk: 48

Company: NexMetals Mining Corp.
Filing Date: 2025-11-13
Form: 10-Q
Item: Item 1
Chunk 48
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363,868

    1,345,853

    925,498

    Salaries and management
    fees

    378,264

    430,725

    1,286,935

    1,467,406

    Severance
    and transition costs

    728,611

    -

    728,611

    -

    Share-based
    compensation

    537,235

    548,776

    2,035,127

    1,082,348

    Total

    2,726,180

    1,831,539

    6,301,584

    4,764,507

For
the three and nine months ended September 30, 2025, the Company incurred $728,611 in severance and transition costs related to the departure
of the Company’s former Chief Financial Officer (three and nine months ended September 30, 2024 – $nil).

17.
SUBSEQUENT EVENT

On October 28, 2025, the Company announced a brokered “best efforts” public offering in Canada and concurrent private
placement in the United States (the “Offering”). On October 30, 2025, the Company announced an upsizing of the
Offering to 14,035,100 units
of the Company (the “November 2025 Units”) at a price of $5.70 per
November 2025 Unit for aggregate gross proceeds of up to $80,000,070.

Each
November 2025 Unit will consist of one Common Share and one common share purchase warrant of the Company (each, a “November
2025 Warrant”). Each November 2025 Warrant will entitle the holder to acquire one Common Share for a period expiring 24
months following the date of issuance at a price of $8.00.

The
agents will receive a cash fee equal to 6%
of the gross proceeds of the Offering, subject to a reduced cash fee equal to 2.0%
for sales to certain individuals on gross proceeds of up to $7,000,000 million.

 The Offering is expected to close on November 17, 2025 (the “Closing Date”) and remains
subject to customary closing conditions.

27

CAUTIONARY
NOTE REGARDING FORWARD-LOOKING STATEMENTS

This
Quarterly Report on Form 10-Q (this “Report”) for