Company: PRMLF
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001493152-25-011913
Chunk: 31

Company: NexMetals Mining Corp.
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 8
Chunk 31
---
 of $1,181,000.

For
the three and six months ended June 30, 2025, the Company paid interest of $nil (three months ended June 30, 2024 - $519,206) and $268,896
(six months ended June 30, 2024 - $1,038,412), respectively, to Cymbria. For the three and six months ended June 30, 2025, the Company
recognized a loss on the Debt Conversion of $nil (three months ended June 30, 2024 - $nil) and $5,982,434 (six months ended June 30,
2024 - $nil), respectively.

    25

Notes to the Unaudited Condensed Interim Consolidated Financial Statements

For the three and six months ended June 30, 2025 and 2024

(Expressed in Canadian dollars)

(b)Key
                                            management personnel are defined as members of the Board of Directors and certain senior
                                            management.

Key
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 

12. FAIR VALUE OF FINANCIAL INSTRUMENTS

ASC
820 - Fair Value Measurement establishes a three-tier fair value hierarchy. The fair value hierarchy’s three tiers are based
on the extent to which inputs used in measuring fair value are observable in the market, and are as