Company: PRMLF
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001493152-25-022391
Chunk: 115

Company: NexMetals Mining Corp.
Filing Date: 2025-11-13
Form: 10-Q
Item: Item 8
Chunk 115
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75  
     - 
  
     1,012,981  
     1,012,981  
    June 14, 2029 
     22.00  
     - 
  
     801,089  
     801,089  
    June 21, 2029 
     22.00  
     - 
  
     3,833,334  
     3,833,334  
    March 18, 2028 
     11.00  
     - 
  
     3,480,392  
     3,480,392  
    March 18, 2028 
     8.00  
     - 
  
     9,428,996  
     9,428,996  

     - 

    c)
    Omnibus Plan

During
the second quarter of 2025, the Company adopted a new “rolling up to 10%” long-term omnibus incentive plan (the “Omnibus
Plan”) which replaces the Company’s existing stock option plan, restricted share unit plan, and deferred share unit plan.

The
Omnibus Plan provides for the award of Restricted Share Units (“RSUs”), Deferred Share Units (“DSUs”)
and options to purchase Common Shares (“Options” and together with RSUs and DSUs, “Awards”) to
directors, officers, employees and consultants upon approval by the Board of Directors. The maximum aggregate number of Common Shares
issuable in respect of all past and future Awards granted or issued, at any point, shall not exceed 10% of the total number of issued
and outstanding Common Shares on a non-diluted basis at such point in time, subject to certain participation limits on grants. No Award
granted or issued under the Omnibus Plan, other than Options, may vest before the date that is one year following the date it is granted
or issued.

Options

An
Option is an Award that gives a participant the right to purchase one Common Share at a specified price. The exercise price of each Option
shall not be less than the discounted market price on the grant date and as approved by the Board of Directors of the Company. The Options
can be granted for a maximum term of ten years.

The
following summarizes the Option activity:

SCHEDULE
OF OPTION ACTIVITY

    Nine months ended  
    Year ended