Company: PRMLF
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001493152-25-022391
Chunk: 119

Company: NexMetals Mining Corp.
Filing Date: 2025-11-13
Form: 10-Q
Item: Item 8
Chunk 119
---
 the year 
     50,000  
     12.00  
     -  
     - 
  
    Granted 
     158,750  
     8.20  
     50,000  
     12.00 
  
    Vested / Settled 
     (4,166) 
     (12.00) 
     -  
     - 
  
    Outstanding, end of the period 
     204,584  
     9.04  
     50,000  
     12.00 

For
the three and nine months ended September 30, 2025, a total of $408,908 (three months ended September 30, 2024 – $nil) and $987,460
(nine months ended September 30, 2024 - $nil), respectively, was recorded as share-based compensation expense and credited to additional
paid-in capital related to RSUs.

DSUs

DSUs
are granted annually by the Board of Directors and outstanding DSUs are settled in cash upon redemption. The number and vesting conditions
of DSUs awarded will be determined by the Board of Directors from time to time. Each director may elect to receive any part or all of
their director fees in DSUs.

The
DSUs credited to the account of a director may only be redeemed following the date upon which the holder ceases to be a director but
prior to the end of the calendar year following the year in which the holder ceases to be a director.

The
following is a continuity of the DSUs:

SCHEDULE
OF DSU GRANTED

    Number of Awards  
    Price(1) $  
    Fair Value  $ 
  
    DSUs outstanding at December 31, 2023 
     36,548  
     24.20  
     884,481 
  
    Granted 
     71,688  
     14.24  
     1,020,523 
  
    Fair value adjustment 
     -  
     -  
     (963,340)
  
    DSUs outstanding at December 31, 2024 
     108,236  
     8.70  
     941,664 
  
    Redeemed 
     (19,335) 
     9.85  
     (190,446