Company: PRMLF
Filing Date: 2025-03-20
Form Type: 10-K
Source: 0001641172-25-000043
Chunk: 97

Company: NexMetals Mining Corp.
Filing Date: 2025-03-20
Form: 10-K
Item: Item 1A
Chunk 97
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,769  
     0.71  
     1,020,523 
  
    Fair value adjustment 
     -  
        
     (963,340)
  
    DSUs outstanding at December 31, 2024 
     2,164,744  
     0.44  
     941,664 
  
    Less: current portion 
     408,279  
     0.44  
     177,602 
  
    Long-term portion 
     1,756,465  
     0.44  
     764,062 

Note:

(1)For
                                            DSUs granted and outstanding, price represents the closing price of the Company’s Common
                                            Shares on the grant date and balance sheet date, respectively. For DSUs redeemed, price represents
                                            the volume weighted average price on the TSXV for the last five trading days immediately
                                            preceding the redemption date.

During
the year ended December 31, 2024, the DSU compensation, net of fair value adjustments, was $57,183 (2023 - $670,008).

The
DSUs are classified as a derivative financial liability measured at fair value, with changes in fair value recorded in profit or loss.
The fair value of the DSUs was determined based on the closing price of the Company’s Common Shares on the respective balance sheet
date. As at December 31, 2024, the Company reassessed the fair value of the DSUs at $941,664 and recorded the amount as a DSU liability
(December 31, 2023 - $884,481).

 13. RELATED PARTY TRANSACTIONS

The
following amounts due to related parties are included in trade payables and accrued liabilities (Note
7).

SCHEDULE
OF RELATED PARTY TRANSACTIONS

    December 31, 2024 $  
    December 31, 2023 $ 

    Directors and officers of the Company 
     1,259,665  
     93,795 
  
    Amounts due to related parties 
     1,259,665  
     93,795 

Included
in the balance at December 31, 2024, is $1,168,729 due to the Company’s former Chief Executive Officer related to his retirement
from the Company and is payable in 24 equal monthly installments of $48,697.

These