Company: PRMLF
Filing Date: 2025-03-20
Form Type: 10-K
Source: 0001641172-25-000043
Chunk: 479

Company: NexMetals Mining Corp.
Filing Date: 2025-03-20
Form: 10-K
Item: Item 7A
Chunk 479
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    Advisory and consultancy 
     413,065  
     397,599 
  
    Filing fees 
     517,488  
     285,205 
  
    General office expenses 
     564,473  
     707,741 
  
    Insurance 
     326,193  
     341,597 
  
    Investor relations 
     362,933  
     329,903 
  
    Professional fees 
     1,322,957  
     934,327 
  
    Salaries and management fees 
     2,058,366  
     2,163,435 
  
    One-time retirement benefit 
     1,168,729  
     - 
  
    Share-based compensation 
     1,245,974  
     487,295 
  
    Total 
     7,980,178  
     5,647,102 

The
one-time retirement benefit for the year ended December 31, 2024, relates to the retirement of the Company’s former Chief Executive
Officer (2023 – $nil). This amount will be paid over a two-year period beginning January 1, 2025, and ending December 31, 2026,
in equal monthly instalments. 

Share-based
compensation expense for 2024 includes the graded vesting associated with both 2023 and 2024 stock option grants, and the 2024 RSU grants
under the Company’s new RSU Plan.

19.
SUBSEQUENT EVENTS

On
March 18, 2025, the Company closed a significant refinancing and the deleveraging of its balance sheet with the
conversion of the Term Loan (Note 9) into equity (the “Debt Conversion”).

The
Company completed a private placement financing issuing 153,333,334 units of the Company at a price of $0.30 per unit for aggregate
gross proceeds of approximately $46 million
(the “March 2025 Private Placement”). Each unit consists of one Common Share and one-half of one warrant. Each
warrant entitles the holder to acquire one additional Common Share at a price of $0.55 per
share until March 18, 2028. In addition, the Company issued 4,000,000 Common Shares at an issue price of $0.30 per share to TriView
Capital Ltd. for its services as