Company: PRMLF
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001493152-25-011913
Chunk: 61

Company: NexMetals Mining Corp.
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 8
Chunk 61
---
 of any termination,
settlement or waiver of the buyback right or royalty agreement to Cymbria.

Contingencies

There
are no environmental liabilities associated with the Mines as at the acquisition dates as all liabilities incurred prior to the acquisitions
are the responsibility of the sellers, BCL and Tati Nickel Mining Company (“TNMC”). The Company has an obligation
for the rehabilitation costs arising subsequent to the acquisitions. As of June 30, 2025, there were no material rehabilitation costs
for which the Company expects to incur, and management is not aware of or anticipating any contingent liabilities that could impact the
financial position or performance of the Company related to its exploration and evaluation assets.

The
Company’s exploration and evaluation assets are affected by the laws and environmental regulations that exist in the various jurisdictions
in which the Company operates. It is not possible to estimate any future contingent liabilities and the impact on the Company’s
operating results due to future changes in the Company’s development of its projects or future changes in such laws and environmental
regulations.

Related
Party Transactions

Key
management personnel

Key
management (defined as members of the Board of Directors and certain senior management) compensation was related to the following:

    Three
                                            months ended  June
                                            30,  
    Six
                                            months ended
                                                                                June
                                            30, 

    2025 $  
    2024 $  
    2025 $  
    2024 $ 
  
    Salaries
    and management fees 
     264,405  
     235,691  
     460,509  
     492,182 
  
    Site
    operations and administration 
     408,543  
     596,559  
     835,457  
     1,179,596 
  
    Director
    fees, net of DSU fair value movements 
     627,875  
     189,750  
     617,051  
     244,397 
  
    Share-based
    compensation 
     416,601  
     220,998  
     745,137  
     441,996 

     1,717,424  
     1,242,998  
     2,658,154  
     2,358,171 

41

Other
related parties

On
March 18, 2025,