Company: PRMLF
Filing Date: 2025-05-13
Form Type: 10-Q
Source: 0001641172-25-010011
Chunk: 35

Company: NexMetals Mining Corp.
Filing Date: 2025-05-13
Form: 10-Q
Item: Item 1
Chunk 35
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 a continuity of the RSUs:

 SCHEDULE
OF CONTINUITY OF RSU

    Three months ended  
    Year ended 

    March 31, 2025  
    December 31, 2024 

    Number

Outstanding   
    Weighted Average
 Grant-Date 
Fair Value Per Award $  
    Number

Outstanding   
    Weighted Average
 Grant-Date
 Fair Value Per Award $ 
  
    Outstanding, beginning of the year 
     1,000,000  
     0.60  
     -  
     - 
  
    Granted 
     3,175,000  
     0.41  
     1,000,000  
     0.60 
  
    Outstanding, end of the period 
     4,175,000  
     0.45  
     1,000,000  
     0.60 

For the three months ended March 31, 2025, a
total of $148,068 (three months ended March 31, 2024 – $nil) was recorded as share-based compensation expense and credited to additional
paid-in capital related to the RSU Plan.

    23
     Notes to the Unaudited Condensed Interim Consolidated Financial StatementsFor the three months ended March 31, 2025 and 2024(Expressed in Canadian dollars)

e)DSU Plan

The Company has a deferred share unit plan (the
“DSU Plan”) that enables the Company to grant DSUs to eligible non-management directors upon approval by the Board
of Directors. 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. Depending upon the country of residence of a director, the DSUs may be redeemed at any time prior to December 15th
in the calendar year following the year in which the holder ceases to be a director and may be redeemed in as many as four installments.
Upon redemption, the holder is entitled to a cash payment equal to the number of units redeemed multiplied by the five-day volume weighted
average price of the Common Shares on that date. The Company may elect, in its sole discretion, to settle the value of the DSUs redeemed
in Common Shares on a one-for-one basis, provided shareholder approval has been obtained on or prior to the relevant