Company: PRMLF
Filing Date: 2025-06-25
Form Type: 8-K
Source: 0001641172-25-016471
Chunk: 0

Company: NexMetals Mining Corp.
Filing Date: 2025-06-25
Form: 8-K
Item: Item 3.03
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Item
3.03

Material Modification to Rights of
Security Holders.

As
previously reported, at NexMetals Mining Corp.’s (the “ Company”) Annual General and Special Meeting held on June 3,
2025, the Company’s shareholders approved the consolidation (the “ Consolidation”) of the Company’s issued and
outstanding Common Shares by a ratio in the range of up to one (1) post-Consolidation common share for every twenty (20) pre-Consolidation
Common Shares (20:1), with such ration to be determined and approved by the Board of Directors (the “ Board”). On June 10,
2025, the Board approved a final Consolidation ratio of 20:1. The TSX Venture Exchange approved the Consolidation on June 18, 2025, and
on June 20, 2025, the Company effected the Consolidation as of 5:00 p. m. Eastern time on June 20, 2025. The Company’s Common
Shares began trading on a post-Consolidation adjusted basis on June 20, 2025 when markets opened under the new CUSIP number (65346E204)
and ISIN (CA65346E2042). The Company’s name and trading symbol remained unchanged.

As
a result of the Consolidation, the number of issued and outstanding Common Shares was reduced from approximately 428,986,340 to approximately
21,449,317. No fractional shares were issued in connection with the Consolidation. Any fractional share that was less than one-half (1/2)
of a share was cancelled, and any fractional share that was at least one-half (1/2) of a share was rounded up to the nearest whole share.

The
Consolidation was implemented in connection with the Company’s application to list its Common Shares on the Nasdaq Stock Market
LLC (“ Nasdaq”) in an effort to meet the initial listing requirement for a minimum bid price of US$4.00 per share. The Company
applied to have its shares listed on Nasdaq on April 16, 2025. Despite the Consolidation, there can be no guarantee that the Company’s
Common Shares will be approved for listing on Nasdaq.

Registered
shareholders of record as of the effective date who held physical share certificates were sent a letter of transmittal by the Company’s
transfer agent, Computershare Investor Services Inc., with instructions on how to