Company: PRMLF
Filing Date: 2025-05-13
Form Type: 10-Q
Source: 0001641172-25-010011
Chunk: 34

Company: NexMetals Mining Corp.
Filing Date: 2025-05-13
Form: 10-Q
Item: Item 1
Chunk 34
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.40  
     - 
  
     3,383,277  
     1,127,759  
    August 8, 2028 
     1.75  
     - 
  
     3,110,000  
     1,036,667  
    August 14, 2029 
     1.10  
     - 
  
     300,000  
     216,667  
    December 4, 2029 
     0.49  
     - 
  
     5,750,000  
     2,875,000  
    March 18, 2030 
     0.50  
     - 
  
     20,583,771  
     13,296,587  

d)RSU Plan

The Company has a restricted share unit plan
(the “RSU Plan”) that enables the Company to grant RSUs to eligible participants upon approval by the Board of Directors.
The maximum number of Common Shares that are issuable under the RSU Plan is 5,000,000 Common Shares. Upon settlement, the holder is 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 and are not subject to vesting conditions other than service.
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.

During the three months ended March 31, 2025,
the Company granted an aggregate of 3,175,000 RSUs to employees, directors, officers and consultants with each RSU vesting in full on
the first anniversary of the date of grant.

During the year ended December 31, 2024, the
Company granted an aggregate of 1,000,000 RSUs to employees, directors, officers and consultants with one-third of the RSU grant vesting
on each of the first, second and third anniversaries of the date of grant.

The following is