Company: PRMLF
Filing Date: 2025-03-20
Form Type: 10-K
Source: 0001641172-25-000043
Chunk: 138

Company: NexMetals Mining Corp.
Filing Date: 2025-03-20
Form: 10-K
Item: Item 1A
Chunk 138
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 Plans

The
Company grants awards under its Option Plan, DSU Plan, and RSU Plan. See “Option Plan”, “DSU Plan”,
and “RSU Plan” in Item 11 of this Report.

Equity
Compensation Plan Information

The
following table sets out information as of December 31, 2024, with respect to outstanding security-based compensation arrangements.

    Plan Category 
    Number
                                            of securities
                                                                               to
                                            be issued upon exercise of
                                                                               outstanding
                                            options,
                                                                               warrants
                                            and rights (a)(1)  
    Weighted-average
                                                                                exercise
                                            price of outstanding options,
                                                                                warrants
                                            and
                                                                                rights
                                            (b)(2)  
    Number
                                            of securities
                                                                               remaining
                                            available
                                                                               for
                                            future issuance
                                                                               under
                                            equity compensation plans
                                                                               (excluding
                                            securities reflected in column (a)) (c) 
  
    Equity compensation plans approved by security holders 
     18,751,515  
     1.28  
     14,868,935 
  
    Equity compensation plans not approved by security holders 
     Nil  
     Nil  
     Nil 
  
    Total 
     18,751,515  
     1.28  
     14,868,935 

Note:

(1)The
                                            number of securities to be issued in column (a), and the number of securities available in
                                            column (c), include DSUs. The Company expects to settle these in cash, however they may be
                                            paid in shares at the discretion of the Company.

(2)The
                                            weighted average exercise price does not take into account the shares issuable upon vesting
                                            of RSUs or the settlement of DSUs, as these awards do not have an exercise price.

Item
13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND
DIRECTOR INDEPENDENCE.

There
have been no transactions since January 1, 2024, in which the Company was or is to be a participant and the amount involved exceeds US$120,000
and in which any executive officer or director of the Company, any shareholder beneficially owning more than 5% of any class of our voting
securities or an immediate family member of any such persons had or will have a direct or indirect material interest.

Procedures
for Approval of Related Party Transactions

Our