Company: PRMLF
Filing Date: 2025-03-20
Form Type: 10-K
Source: 0001641172-25-000043
Chunk: 117

Company: NexMetals Mining Corp.
Filing Date: 2025-03-20
Form: 10-K
Item: Item 1A
Chunk 117
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 of the
Audit and Risk Management Committee are responsible for overseeing compliance with such Code and the CEO is charged to ensure adherence to
the Code. The Company’s directors, officers, employees, consultants and agents are required to certify annually that they have
read and understand such Code. A copy of such Code is available on the Company’s website at https://premiumresources.com/about-us/corporate-governance. The
Company’s website is not incorporated in this Report.

Insider
Trading Policy 

The Company has adopted insider trading policies and
procedures governing the purchase, sale, and/or other dispositions of its securities by directors, officers and employees, or the Company
itself. These policies and procedures are reasonably designed to promote compliance with insider trading laws, rules and regulations,
and any listing standards applicable to the Company. The Company’s insider trading policies and procedures are filed as an exhibit
to this Report.

Delinquent
Section 16(a) Reports

As
a foreign private issuer, Section 16(a) of the Exchange Act does not apply to our directors and executive officers, or anyone who beneficially
owns ten percent (10%) or more of our Common Shares.

Item
11. EXECUTIVE COMPENSATION.

Executive
Officer Compensation

For
2024, we are providing compensation disclosure that complies with the requirements of the Canadian Securities Administrators, together
with certain additional disclosure, without compromising required Canadian disclosure. As a foreign private issuer (as defined under
the applicable SEC rules), we are permitted by Item 402(a)(1) of SEC Regulation S-K to respond to this Item 11 by providing the information
required by Items 6.B., 6.E.2 and 6.F of Form 20-F. 

-42-

The
purpose of this section is to describe the compensation of the executive officers and the directors of the Company in accordance with
Form 51-102F6V – Statement of Executive Compensation – Venture Issuers of the Canadian Securities Administrators.

For
the financial year ended December 31, 2024, the executive officers of the Company were:

●Keith
                                            Morrison, Chief Executive Officer and Director;

●Peter
                                            Rawlins, Senior Vice President and Chief Financial Officer; and

●Boris
                                            Kamstra, Chief Operating Officer of PRIL.

Director
and Executive Officer Compensation, Excluding Compensation Securities

The
following table sets forth all compensation paid, payable, awarded, granted, given or otherwise