Company: PRMLF
Filing Date: 2025-03-20
Form Type: 10-K
Source: 0001641172-25-000043
Chunk: 372

Company: NexMetals Mining Corp.
Filing Date: 2025-03-20
Form: 10-K
Item: Item 1C
Chunk 372
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 loss.
The fair value of the DSUs was determined based on the closing price of the Company’s Common Shares on the respective balance sheet
date. As at December 31, 2024, the Company reassessed the fair value of the DSUs at $941,664 and recorded the amount as a DSU liability
(December 31, 2023 - $884,481).

 13. RELATED PARTY TRANSACTIONS

The
following amounts due to related parties are included in trade payables and accrued liabilities (Note
7).

SCHEDULE
OF RELATED PARTY TRANSACTIONS

    December 31, 2024 $  
    December 31, 2023 $ 

    Directors and officers of the Company 
     1,259,665  
     93,795 
  
    Amounts due to related parties 
     1,259,665  
     93,795 

Included
in the balance at December 31, 2024, is $1,168,729 due to the Company’s former Chief Executive Officer related to his retirement
from the Company and is payable in 24 equal monthly installments of $48,697.

These
amounts are unsecured, non-interest bearing and have 30-day fixed terms of repayment with the exception of the retirement payment, as
noted above.

(a)Related
                                            party transactions

As
a result of the 2023 Financing Transactions on June 28, 2023, and December 14, 2023, Cymbria and certain other funds managed by EdgePoint
(the “Financing Parties”) acquired a total of 16,037,800 Common Shares. The Financing Parties also acquired on closing
of the 2023 Financing Transactions an aggregate of 6,024,000 warrants with an expiration date of June 28, 2026, and an exercise price
of $1.4375. Further, in connection with the June 2024 Financing, EdgePoint subscribed for 7,692,307 Units at $0.78 per Unit for gross
proceeds of approximately $6.0 million.

    F-28

Notes
to the Consolidated Financial Statements

For
the years ended December 31, 2024 and 2023

(Expressed
in Canadian dollars)

As
of December 31, 2024, EdgePoint beneficially owns 23,833,224 Common Shares and 13,716,307 warrants