Company: PRMLF
Filing Date: 2025-03-20
Form Type: 10-K
Source: 0001641172-25-000043
Chunk: 612

Company: NexMetals Mining Corp.
Filing Date: 2025-03-20
Form: 10-K
Item: Item 9A
Chunk 612
---
 compensation payable
    to Mr. Morrison in 2024 is comprised of a retirement benefit payable to Mr. Morrison over 24 months. See “Employment, Consulting
    and Management Agreements”.

    (2)
    Mr.
    Kamstra’s consulting fees were paid in USD and converted at the average annual exchange rate of USD 1.00:CAD 1.4389. These
    fees were paid to ANZAC Consulting Ltd., a private company controlled by Mr. Kamstra, which provides the services of Mr. Kamstra
    as the Company’s Chief Operating Officer of PRIL. See “Employment, Consulting and Management Agreements”.

    (3)
    Mr.
    Hick was Lead Director of the Company until the appointment of James Gowans as Chair of the Board on January 1, 2024. Mr. Hick resigned
    as a Director of the Company effective September 18, 2024.

    (4)
    Paid
    to NAM Management Ltd., a private Company controlled by Norman MacDonald, which provides the consulting services of Mr. MacDonald.
    See “Employment, Consulting and Management Agreements”. These fees were not related to Mr. MacDonald acting in
    his capacity as a Director, and Mr. MacDonald did not receive any compensation for his services as a Director of the Company.

See
“Employment, Consulting and Management Agreements” below for disclosure relating to any external management company
employing or retaining individuals acting as executive officers of the Company, or that provide the Company’s executive management
services.

Options
and Other Compensation Securities

The
following table sets forth certain information in respect of all compensation securities granted or issued to each named executive
officer and director by the Company or one of its subsidiaries in the financial year ended December 31, 2024, for services provided
or to be provided, directly or indirectly, to the Company or any of its subsidiaries.

-43-

Compensation
Securities

    Name
    and Position
     
    Type
    of
    Compensation
    Security
     
    Number
    of
    Compensation
    Securities,
    Number
    of
    Underlying
    Securities,
    and
    Percentage
    of
    Class
     
    Date
    of Issue
    or
    Grant
     
    Issue,
    Conversion
    or
    Exercise
    Price
    ($)
     
    Closing
    Price
    of