Company: PRMLF
Filing Date: 2025-03-20
Form Type: 10-K
Source: 0001641172-25-000043
Chunk: 106

Company: NexMetals Mining Corp.
Filing Date: 2025-03-20
Form: 10-K
Item: Item 1A
Chunk 106
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 share.

The
Company also granted: (i) 5,750,000 stock options with each option having an exercise price of $0.50, a term of five years, and vesting
as to one-half on the date of grant and the balance on the first anniversary of the date of grant; and (ii) 3,175,000 RSUs, each RSU
vesting in full on the first anniversary of the date of grant.

F-33

Item
9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON
ACCOUNTING AND FINANCIAL DISCLOSURE.

None.

Item
9A. CONTROLS AND PROCEDURES.

Disclosure
Controls and Procedures

We
maintain disclosure controls and procedures, as defined in Rule 13a-15(e) and Rule 15d-15(e) promulgated under the Securities Exchange
Act of 1934, as amended (the “Exchange Act”) that are designed to ensure that information required to be disclosed
by us in the reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported within the time periods
specified in the SEC’s rules and forms and that such information is accumulated and communicated to our Chief Executive Officer
and Chief Financial Officer as appropriate to allow timely decisions regarding required disclosure.

We
carried out an evaluation, under the supervision and with the participation of our Chief Executive Officer and Chief Financial Officer,
of the effectiveness of the design and operation of our disclosure controls and procedures as of December 31, 2024. Throughout the year,
Management addressed the weaknesses in internal control over financial reporting that were disclosed in our 2023 Form 10-K, namely: lack
of controls and process over significant estimates and judgment applied in assessing complex accounting transactions; lack of segregation
of duties over posting and reviewing complex accounting transactions; and lack of communication between legal consultants and management
related to SEC filing requirements. Management put in place a series of controls including increasing its technical strength through
the engagement of technical consultants and hiring of experienced personnel to address complex, non-routine accounting transactions;
the establishment of more thorough review procedures and documentation to ensure proper segregation of duties; and more routine, timely
engagement of legal counsel to ensure continued, timely compliance with SEC filing requirements. Based on the evaluation of our disclosure
controls and procedures as of December 31, 2024, our senior management concluded that our disclosure controls and procedures are effective .

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Management