Company: PRMLF
Filing Date: 2025-03-20
Form Type: 10-K
Source: 0001641172-25-000043
Chunk: 568

Company: NexMetals Mining Corp.
Filing Date: 2025-03-20
Form: 10-K
Item: Item 9C
Chunk 568
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ruptcy Code. Lilis announced on June 30, 2020 that
it had received notification dated June 29, 2020 from the NYSE American LLC that Lilis’ common stock had been suspended from trading
on the NYSE American and that Lilis was no longer suitable for listing. On December 2, 2020, Lilis announced the closing of the sale
of substantially all of the assets of Lilis and its filing subsidiaries to Ameredev Texas, LLC pursuant to a previously disclosed bankruptcy
court-approved purchase and sale agreement.

-41-

Code
of Ethics

The
Board has found that the fiduciary duties placed on individual directors by the Company’s governing corporate legislation and
the common law and the restrictions placed by applicable corporate legislation on an individual director’s participation in
decisions of the Board in which the director has an interest have been sufficient to ensure that the Board operates independently of
management and in the best interests of the Company. The Company is committed to the highest standards of legal and ethical business
conduct, and to that end the Board has adopted a Code of Business Conduct and Ethics on August 9, 2022. The Board and Chair of the
Audit and Risk Management Committee are responsible for overseeing compliance with such Code and the CEO is charged to ensure adherence to
the Code. The Company’s directors, officers, employees, consultants and agents are required to certify annually that they have
read and understand such Code. A copy of such Code is available on the Company’s website at https://premiumresources.com/about-us/corporate-governance. The
Company’s website is not incorporated in this Report.

Insider
Trading Policy 

The Company has adopted insider trading policies and
procedures governing the purchase, sale, and/or other dispositions of its securities by directors, officers and employees, or the Company
itself. These policies and procedures are reasonably designed to promote compliance with insider trading laws, rules and regulations,
and any listing standards applicable to the Company. The Company’s insider trading policies and procedures are filed as an exhibit
to this Report.

Delinquent
Section 16(a) Reports

As
a foreign private issuer, Section 16(a) of the Exchange Act does not apply to our directors and executive officers, or anyone who beneficially
owns ten percent (10%) or more of our Common Shares.

Item
11. EXECUTIVE COMPENSATION.

Executive
Officer Compensation

For
2024, we are providing compensation