Company: PRMLF
Filing Date: 2025-03-20
Form Type: 10-K
Source: 0001641172-25-000043
Chunk: 569

Company: NexMetals Mining Corp.
Filing Date: 2025-03-20
Form: 10-K
Item: Item 9C
Chunk 569
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 disclosure that complies with the requirements of the Canadian Securities Administrators, together
with certain additional disclosure, without compromising required Canadian disclosure. As a foreign private issuer (as defined under
the applicable SEC rules), we are permitted by Item 402(a)(1) of SEC Regulation S-K to respond to this Item 11 by providing the information
required by Items 6.B., 6.E.2 and 6.F of Form 20-F. 

-42-

The
purpose of this section is to describe the compensation of the executive officers and the directors of the Company in accordance with
Form 51-102F6V – Statement of Executive Compensation – Venture Issuers of the Canadian Securities Administrators.

For
the financial year ended December 31, 2024, the executive officers of the Company were:

●Keith
                                            Morrison, Chief Executive Officer and Director;

●Peter
                                            Rawlins, Senior Vice President and Chief Financial Officer; and

●Boris
                                            Kamstra, Chief Operating Officer of PRIL.

Director
and Executive Officer Compensation, Excluding Compensation Securities

The
following table sets forth all compensation paid, payable, awarded, granted, given or otherwise provided, directly or indirectly, by
the Company, or a subsidiary of the Company, to each named executive officer and director, in any capacity, other than Options, RSUs
and DSUs and other compensation securities, for the two most recently completed financial years.

Table
of Compensation Excluding Compensation Securities

    Name and Position 
    Year 
    Salary, Consulting Fee, Retainer or Commission ($)  
    Bonus ($)  
    Committee or Meeting Fees ($)  
    Value of Perquisites ($)  
    Value of All Other Compensation ($)  
    Total Compensation ($) 
  
    Keith Morrison(1) 
    2024 
     551,376  
     Nil  
     Nil  
     Nil  
     1,168,729  
     1,720,105 
  
    Former Chief Executive Officer and Former Director  
    2023 
     556,538  
     Nil  
     Nil  
     Nil  
     Nil  
     556,538 
  
    Peter Rawlins 
    2024 
     400,000  
     Nil  
     Nil  
     Nil  
     Nil  
     400,000 
  
    Senior Vice