Company: PRMLF
Filing Date: 2025-03-20
Form Type: 10-K
Source: 0001641172-25-000043
Chunk: 632

Company: NexMetals Mining Corp.
Filing Date: 2025-03-20
Form: 10-K
Item: Item 9A
Chunk 632
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,
Jason LeBlanc, Donald Newberry and William O’Reilly. Paul Martin is currently Interim Chief Executive Officer of the Company and is
therefore not independent. Norman MacDonald has served as a financial advisor to the Company in connection with a significant equity
and debt financing in June 2024 for which he was paid $58,500, however his advisory services were terminated in September 2024 and
he is not providing any ongoing consulting services to the Company. The Board considered his services as a financial advisor to the
Company in making its determination that he is independent

Committees

The
Company has four committees of its Board in place:

    1.
    Audit
    and Risk Management Committee (“ARMC”);

    2.
    Human
    Resources and Compensation Committee;

    3.
    Sustainability
    Committee; and

    4.
    Corporate
    Governance & Nominating Committee (“CGNC”).

The
ARMC is comprised of Jason LeBlanc (Chair), Paul Martin and Donald Newberry. The ARMC is responsible for providing oversight of the Company’s
financial reporting, internal controls, and risk management processes. Key responsibilities include ensuring the accuracy, completeness,
and reliability of the financial statements and disclosures, effectiveness of internal controls, overseeing risk management processes,
ensuring compliance with applicable laws, regulations, and internal policies and procedures, and overseeing the Company’s external
auditors. The Board has determined that all members of the ARMC are financially literate, and that Mr. LeBlanc qualifies as an “audit
committee financial expert” for purposes of the SEC’s rules.

The
HRCC is made up of Paul Martin (Chair), Jason LeBlanc and Mark Christensen. The HRCC is responsible for overseeing the Company’s
remuneration policies and practices and determining the compensation of executive officers and directors. The Company’s executive
compensation program has three principal components: base salaries, consulting fees and equity incentive plans, including Options, DSUs
and RSUs.

The
Sustainability Committee is made up of Donald Newberry (Chair), Mark Christensen, Norman MacDonald, and Paul Martin. The Sustainability
Committee discusses, develops and applies, specialist geotechnical knowledge related to the Company’s materials and disclosure.

The
CGNC is made up of William O’Reilly (Chair), Donald Newberry and Mark Christensen. The CGNC is responsible for maintaining the
system of rules, practices and processes by which the Company