Company: PRMLF
Filing Date: 2025-03-20
Form Type: 10-K
Source: 0001641172-25-000043
Chunk: 96

Company: NexMetals Mining Corp.
Filing Date: 2025-03-20
Form: 10-K
Item: Item 1A
Chunk 96
---
,000,000  
     0.60  
     600,000 

For
the year ended December 31, 2024, a total of $73,726 (2023 – $nil) was recorded as share-based compensation expense and credited
to additional paid-in capital related to the RSU Plan. 

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 redemption date.

    F-27

Notes
to the Consolidated Financial Statements

For
the years ended December 31, 2024 and 2023

(Expressed
in Canadian dollars)

The
following is a continuity of the DSUs:

SCHEDULE
OF DSU GRANTED

    Number of Awards  
    Price(1) $  
    Fair Value  $ 
  
    DSUs outstanding at December 31, 2022 
     200,000  
     1.49  
     298,000 
  
    Granted 
     600,951  
     1.33  
     798,122 
  
    Redeemed 
     (69,976) 
     1.19  
     (83,527)
  
    Fair value adjustment 
     -  
        
     (128,114)
  
    DSUs outstanding at December 31, 2023 
     730,975  
     1.21  
     884,481 
  
    Granted 
     1,433