Company: PRMLF
Filing Date: 2025-03-20
Form Type: 10-K
Source: 0001641172-25-000043
Chunk: 470

Company: NexMetals Mining Corp.
Filing Date: 2025-03-20
Form: 10-K
Item: Item 7A
Chunk 470
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 entitled to receive one Common Share. The Company may elect, in its sole discretion, to settle the value
of the RSUs in cash.

The
number and terms of RSUs awarded will be determined by the Board of Directors from time to time and be based on the volume weighted
average price on the TSXV for the last five trading days immediately preceding the grant date. The RSU grants are fixed, not subject
to vesting conditions other than service, and typically vest on a three-year schedule from the date of grant,
with one-third of the RSU grant vesting on each of the first, second and third anniversaries of the date of grant. The Company uses
the fair value method of accounting for the recording of RSU grants, and the fair value of the RSUs was determined based on the
closing price of the Company’s Common Shares on the grant date.

The
following is a continuity of the RSUs:

 SCHEDULE
OF CONTINUITY OF RSU

    Number of Awards  
    Weighted Average Grant-Date Fair Value Per Award $  
    Fair Value    $ 
  
    RSUs outstanding at December 31, 2023 
     -  
     -  
     - 
  
    Granted 
     1,000,000  
     0.60  
     600,000 
  
    RSUs outstanding at December 31, 2024 
     1,000,000  
     0.60  
     600,000 

For
the year ended December 31, 2024, a total of $73,726 (2023 – $nil) was recorded as share-based compensation expense and credited
to additional paid-in capital related to the RSU Plan. 

e)DSU
                                            Plan 

The
Company has a deferred share unit plan (the “DSU Plan”) that enables the Company to grant DSUs to eligible non-management
directors upon approval by the Board of Directors. The DSUs credited to the account of a director may only be redeemed following the
date upon which the holder ceases to be a director. Depending upon the country of residence of a director, the DSUs may be redeemed at
any time prior to December 15th in the calendar year following the year in which the holder ceases to be a director and may
be redeemed in as many as four installments. Upon redemption, the holder is entitled to