Company: PRMLF
Filing Date: 2025-05-13
Form Type: 10-Q
Source: 0001641172-25-010011
Chunk: 129

Company: NexMetals Mining Corp.
Filing Date: 2025-05-13
Form: 10-Q
Item: Item 4
Chunk 129
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 0.55  
     76,666,667 
  
    March 18, 2025  
    Warrants(2) 
     0.40  
     69,607,843 
  
    March 18, 2025  
    Stock options 
     0.50  
     5,750,000 
  
    March 18, 2025  
    RSUs 
     N/A  
     1,250,000 
  
    March 19, 2025  
    RSUs 
     N/A  
     675,000 
  
    March 20, 2025  
    RSUs 
     N/A  
     1,250,000 

Notes:

    (1)
    These Common Share purchase warrants were issued as part of the sale of units described in Note 1 to the table above, under the heading “Unregistered Sales of Equity Securities and Use of Proceeds – Common Shares”.

    (2)
    These Common Share purchase warrants were issued as part of the debt conversion described in Note 2 to the table above, under the heading “Unregistered Sales of Equity Securities and Use of Proceeds – Common Shares”.

Item 3. Defaults Upon Senior Securities

None.

Item 4. Mine Safety Disclosures

Not applicable.

Item 5. Other Information

Insider Trading Arrangements

During the three months ended March 31, 2025, none
of our directors or officers (as defined in Rule 16a-1(f) of the Exchange Act) adopted, modified or terminated a Rule 10b5-1 trading arrangement
or non-Rule 10b5-1 trading arrangement (as such terms are defined in Item 408 of Regulation S-K of the Securities Act).

    Item 1.01
    Entry into a Material Definitive Agreement

As disclosed elsewhere in this
Report, on February 17, 2025, the Company and Cymbria, an affiliate of EdgePoint, entered into a debt settlement agreement (the
“Debt Settlement Agreement”) pursuant to which the parties agreed to the Debt Conversion, whereby the Company
agreed to issue to Cymbria an aggregate of 69,607,843 Settlement Units at a deemed issue price of $0.30 in full satisfaction of the
$20,882,353 principal amount outstanding under the Term Loan previously advanced by Cymbria