Company: PRMLF
Filing Date: 2025-03-20
Form Type: 10-K
Source: 0001641172-25-000043
Chunk: 529

Company: NexMetals Mining Corp.
Filing Date: 2025-03-20
Form: 10-K
Item: Item 9B
Chunk 529
---
9, the Court certified that all matters to be attended to in connection with these CCAA proceedings have been completed and Zeifman
filed its discharge notice on December 23, 2019, terminating the CCAA proceedings.

Mr.
Christensen was a Director of Lilis Energy, Inc. (“Lilis”), an exploration and production company operating in the
Permian Bason of West Texas and Southeastern New Mexico. Mr. Christensen resigned from the Lilis board of directors on April 14, 2020.
On June 29, 2020, Lilis filed petitions under Chapter 11 of the United States Bankruptcy 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