Company: PRMLF
Filing Date: 2025-03-20
Form Type: 10-K
Source: 0001641172-25-000043
Chunk: 509

Company: NexMetals Mining Corp.
Filing Date: 2025-03-20
Form: 10-K
Item: Item 7A
Chunk 509
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 bonuses were paid to executive officers or employees
during the Company’s financial year ended December 31, 2024.

Option-Based
and Other Equity-Based Awards

Options
are granted pursuant to the Option Plan to provide an incentive to the directors, officers, employees and consultants of the Company
to achieve the longer-term objectives of the Company, to give suitable recognition to the ability and industry of such persons who contribute
materially to the success of the Company and to attract and retain persons of experience and ability, by providing them with the opportunity
to acquire an increased proprietary interest in the Company.

DSUs
are granted pursuant to the DSU Plan to directors of the Company to advance the interests of the Company and its subsidiaries by: (i)
increasing the proprietary interests of non-executive directors in the Company; (ii) aligning the interests of non-executive directors
of the Company with the interests of the Company’s shareholders generally; and (iii) furnishing non-executive directors with an additional
incentive in their efforts on behalf of the Company.

RSUs
are granted pursuant to the RSU Plan to employees of the Company to provide long-term incentive compensation to employees of the Company
or its subsidiaries, provide additional incentive for their continued efforts in promoting the growth and success of the business of
the Company, and assisting the Company in attracting and retaining senior management personnel and other employees.

The
Company awards Options, DSUs and RSUs based upon the recommendation of the HRCC. Grants of options and RSUs are based
on the HRCC’s review of a proposal from the Chief Executive Officer. Previous grants of Options and RSUs are
taken into account when considering new grants.

The
implementation of new incentive plans and amendments to the Option Plan, DSU Plan and/or RSU Plan are the responsibility of the HRCC.

Other
Compensation

Other
than as outlined herein, the Company has no other forms of compensation, although payments may be made from time to time to individuals,
or the companies they control, for the provision of consulting services. Such consulting services are paid for by the Company at competitive
industry rates for work of a similar nature by reputable arm’s length services providers.

Executive Officer Compensation

Compensation paid and awarded to each named executive officer of the Company is set out above under “Table
of Compensation Excluding Compensation Securities” and “Compensation Securities”. Each named executive officer
received base compensation and equity-based awards in the most recently completed financial year. No incentive bonuses were