Company: PRMLF
Filing Date: 2025-03-20
Form Type: 10-K
Source: 0001641172-25-000043
Chunk: 104

Company: NexMetals Mining Corp.
Filing Date: 2025-03-20
Form: 10-K
Item: Item 1A
Chunk 104
---
    2042

    3,402,293

    -

     - 
  
    2043

    7,624,794

    -

     - 
  
    2044

    11,506,294

    -

     - 
  
    Indefinite

    -

    38,060,423

     - 
  
    Operating
    loss carryforwards

    25,742,976

    38,060,423

     5,531,343 

    F-32

Notes
to the Consolidated Financial Statements

For
the years ended December 31, 2024 and 2023

(Expressed
in Canadian dollars)

18.
GENERAL AND ADMINISTRATIVE EXPENSES

Details
of the general and administrative expenses are presented in the following table:

GENERAL
AND ADMINISTRATIVE EXPENSES

    Year ended December 31, 

    2024 $  
    2023 $ 
  
    Advisory and consultancy 
     413,065  
     397,599 
  
    Filing fees 
     517,488  
     285,205 
  
    General office expenses 
     564,473  
     707,741 
  
    Insurance 
     326,193  
     341,597 
  
    Investor relations 
     362,933  
     329,903 
  
    Professional fees 
     1,322,957  
     934,327 
  
    Salaries and management fees 
     2,058,366  
     2,163,435 
  
    One-time retirement benefit 
     1,168,729  
     - 
  
    Share-based compensation 
     1,245,974  
     487,295 
  
    Total 
     7,980,178  
     5,647,102 

The
one-time retirement benefit for the year ended December 31, 2024, relates to the retirement of the Company’s former Chief Executive
Officer (2023 – $nil). This amount will be paid over a two-year period beginning January 1, 2025, and ending December 31, 2026,
in equal monthly instalments. 

Share-based
compensation expense for 2024 includes the graded vesting associated with both 2023 and 2024 stock