# EDGAR Filing Document

**Accession Number:** 0000795800
**File Stem:** 0001493152-26-006686
**Filing Date:** 2026-2
**Character Count:** 32544
**Document Hash:** b497b154f92ff4188d6bcda99eca5c8f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001493152-26-006686.hdr.sgml**: 20260213

**ACCESSION NUMBER**: 0001493152-26-006686

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 17

**CONFORMED PERIOD OF REPORT**: 20260209

**ITEM INFORMATION**: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

**ITEM INFORMATION**: Other Events

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260213

**DATE AS OF CHANGE**: 20260213

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NexMetals Mining Corp.
- **CENTRAL INDEX KEY:** 0000795800
- **STANDARD INDUSTRIAL CLASSIFICATION:** METAL MINING [1000]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 000000000
- **STATE OF INCORPORATION:** A6
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-42750
- **FILM NUMBER:** 26632335

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 100 KING STREET WEST
- **STREET 2:** SUITE 3400
- **CITY:** TORONTO
- **PROVINCE COUNTRY:** A6
- **ZIP:** M5X 1A4
- **BUSINESS PHONE:** 604-770-4334

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 3400 - ONE FIRST CANADIAN PLACE, PO BOX
- **STREET 2:** 100 KING STREET WEST
- **CITY:** TORONTO
- **PROVINCE COUNTRY:** A6
- **ZIP:** M5X 1A4

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Premium Resources Ltd.
- **DATE OF NAME CHANGE:** 20241213

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Premium Nickel Resources Ltd.
- **DATE OF NAME CHANGE:** 20220815

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** North American Nickel Inc.
- **DATE OF NAME CHANGE:** 20100420

?xml version='1.0' encoding='ASCII'?

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 8-K**

**CURRENT REPORT**

**Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934**

**Date of Report (Date of earliest event reported): February 9, 2026**

**NEXMETALS MINING CORP.**

**(Exact name of registrant as specified in its charter)**

**<u>British Columbia, Canada</u>**

**(State or other jurisdiction of incorporation)**

---

| | |
|:---|:---|
| **001-42750** | **N/A** |
| **(Commission File Number)** | **(IRS Employer Identification No.)** |
| **3123-595 Burrard Street**<br> **Vancouver, British Columbia, Canada** | **V7X 1J1** |
| **(Address of principal executive offices)** | **(Zip Code)** |

---

**<u>(604) 770-4334</u>**

**(Registrant's telephone number, including area code)**

**<u>N/A</u>**

**(Former name or former address, if changed since last report)**

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (*see* General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| **Title of each class** | **Trading Symbol(s)** | **Name of each exchange on which registered** |
| Common Shares, no par value | NEXM | Nasdaq Stock Market LLC (Nasdaq Capital Market) |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

**Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.**

 

*Resignation of Morgan Lekstrom from the Board*

On February 9, 2026, Morgan Lekstrom resigned from the board of directors (the "Board") of NexMetals Mining Corp. (the "Company"), effective immediately. Mr. Lekstrom's resignation was not the result of any disagreement with the Company on any matter relating to the Company's operations, policies, or practices.

In connection with his resignation from the Board, the Company entered into a consulting services agreement with Mr. Lekstrom dated February 9, 2026 (the "Consulting Agreement"). Pursuant to the Consulting Agreement, Mr. Lekstrom will provide advisory and consulting services to the Company on an as-needed basis as an independent contractor.

Under the terms of the Consulting Agreement, Mr. Lekstrom is entitled to an hourly consulting fee of CA$500, invoiced monthly and payable within ten days of receipt. Reasonable expenses may be reimbursed if pre-approved by the Company. The Consulting Agreement will terminate on November 18, 2026, unless earlier terminated by either party in accordance with its terms. The Consulting Agreement includes customary provisions relating to confidentiality, intellectual property ownership, indemnification, and non-conflict obligations.

The Consulting Agreement was entered into pursuant to the terms of a previously disclosed transition arrangement between the Company and Mr. Lekstrom. The foregoing description of the Consulting Agreement does not purport to be complete and is qualified in its entirety by reference to the Agreement, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K.

 

*Reappointment of Sean Whiteford to the Board*

Concurrently with Mr. Lekstrom's resignation from the Board, Sean Whiteford, the Company's Chief Executive Officer, was reappointed to the Board on February 9, 2026, to fill the vacancy. There is no arrangement or understanding between Mr. Whiteford and any other person pursuant to which Mr. Whiteford was appointed as a director. No changes have been made to that certain Consulting Services Agreement dated January 14, 2026, by and between the Company, Elkam Consulting Ltd. and Mr. Whiteford, which was filed as Exhibit 10.1 to the Current Report on Form 8-K filed on January 20, 2026. Please refer to the Company's Current Report on Form 8-K filed on January 20, 2026 for further details.

**Item 8.01 Other Events.**

On February 2, 2026, the Company issued a press release announcing the appointment of David Eichenberg as Vice President, Geology. On February 9, 2026, the Company issued a press release announced the resignation of Morgan Lekstrom from the board of directors and the reappointment of Sean Whiteford to the Board. Copies of the press releases are attached hereto as Exhibits 99.1 and 99.2, respectively, and are incorporated herein by reference.

**Item 9.01 Financial Statements and Exhibits.**

**(d) Exhibits**

---

| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| 99.1 | [Press Release dated February 2, 2026](ex99-1.htm) |
| 99.2 | [Press Release dated February 9, 2026](ex99-2.htm) |
| 10.1 | [Consulting Services Agreement dated February 9, 2026 between the Company and Morgan Lekstrom](ex10-1.htm) |
| 104 | Cover Page Interactive Data File (embedded within Inline XBRL document) |

---

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | |
|:---|:---|
| **NEXMETALS MINING CORP.**<br> (Registrant) | **NEXMETALS MINING CORP.**<br> (Registrant) |
| *By:* | */s/ Brett MacKay* |
|  | Brett MacKay |
|  | Chief Financial Officer |

---

Date: February 13, 2026

## Exhibit 99.1

**Exhibit 99.1**

![](ex99-1_001.jpg)

**NexMetals Appoints David Eichenberg as Vice President, Geology and**

**Grants Equity Incentive Awards**

**Vancouver, British Columbia, February 2, 2025** – **NexMetals Mining Corp. (TSXV: NEXM) (Nasdaq: NEXM)** ("**NEXM**" or the "**Company**") is pleased to announce that it has appointed Mr. David Eichenberg as Vice President, Geology, effective immediately. The Company also announces that it has granted equity incentive awards to certain officers, employees and consultants pursuant to the Company's Omnibus Equity Incentive Plan (the "**Plan**").

Mr. Eichenberg is a veteran Geoscientist and leader with 28 years of global experience in mining, study-level projects, exploration and project generative roles. He has held senior technical leadership roles with De Beers and Rio Tinto. Most notably, he served as Chief Geoscientist and Qualified Person at the Diavik Mine, where he led technical operations with care and controlled the resource through multiple open-pit and underground mine developments. David's extensive international portfolio spans Canada, Democratic Republic of Congo, Namibia, Botswana, South Africa, and Madagascar, where he generated targets and led exploration projects focused on copper, nickel, diamonds, uranium, heavy minerals, and iron ore. He is recognized for building high performing technical teams to deliver the critical data needed to advance projects and support mine operations. Throughout his career, David has remained committed to technical and safe operational excellence while delivering the quality data and clarity needed for organizations to make next-step decisions.

**Sean Whiteford, CEO of the Company, commented:** "David brings deep technical expertise and operational experience across both exploration and producing assets. His track record of building disciplined geological teams and advancing projects with high quality data aligns directly with our strategy as we continue to derisk these assets. We are very pleased to welcome him to NexMetals."

**Equity Incentive Grants**

The Board of Directors has approved the grant of restricted share units ("**RSUs**") representing an aggregate of 134,300 common shares to certain officers, employees and consultants. Of this amount, 47,800 RSUs will vest on the first anniversary of the date of grant. The remaining 86,500 RSUs will vest as to one half on the second anniversary of the date of grant and one half on the third anniversary of the date of grant. The RSUs were granted at a deemed price of $5.80, representing the 10-Day volume weighted average price of the Company's shares on the TSX Venture Exchange as of January 27, 2026.

The Company has also granted 50,000 stock options of the Company ("**Options**") to certain consultants pursuant to the Plan. The Options have an exercise price of C$8.00 per share, vest immediately, and have a two-year term from the date of grant.

**About NexMetals Mining Corp.**

NexMetals Mining Corp. is a TSX.V and NASDAQ listed mineral exploration and development company focused on redeveloping the past-producing Selebi and Selkirk copper-nickel-cobalt-platinum group element mines in Botswana. NexMetals has confirmed the scale of mineralization is larger than historical estimates, supported by NI 43-101-compliant resource estimates, with ongoing down-hole geophysics, drilling, and metallurgical programs aimed at expanding resources and supporting future economic studies. The Company is led by an experienced management and technical team with a proven track record in global mineral projects, emphasizing disciplined execution, transparent governance, and long-term stakeholder value creation.

**For further information about NexMetals Mining Corp., please contact:**

Sean Whiteford

CEO

<u>swhiteford@nexmetalsmining.com</u>

Jaclyn Ruptash

V.P., Communications and Investor Relations

<u>jaclyn@nexmetalsmining.com</u>

1-833-770-4334

**Follow Us** 

X: <u>https://x.com/NexMetalsCorp</u>

LinkedIn: <u>https://www.linkedin.com/company/NexMetalsMiningCorp</u>

Facebook: <u>https://www.facebook.com/NexMetalsMiningCorp</u>

 

***Neither the TSX Venture Exchange and its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) nor the Nasdaq Stock Market LLC accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.***

## Exhibit 99.2

**Exhibit 99.2**

**NexMetals Announces Board Resignation and Appointment**

**Vancouver, British Columbia, February 9, 2026** – **NexMetals Mining Corp. (TSXV: NEXM) (Nasdaq: NEXM)** ("**NEXM**" or the "**Company**") announces that Morgan Lekstrom has submitted his resignation from the board of directors (the "**Board**") effective immediately. Mr. Sean Whiteford, the Company's Chief Executive Officer, has been reappointed to the Board filling the vacant Board seat. Mr. Whiteford previously served as a director on the Board from July 2022 to March 2023 before stepping off the Board to become President.

Mr. Lekstrom joined the Board in March 2025 and served as the Company's Chief Executive Officer from that time until January 15, 2026. During his tenure, Mr. Lekstrom led the restructuring of the Company in 2025.

**On behalf of the Board, Paul Martin, Chairman of the Board, said:** "The Board thanks Mr. Lekstrom for the significant contributions he made during his time at NEXM and wishes him well in his future endeavours."

**About NexMetals Mining Corp.**

NexMetals Mining Corp. is a TSX.V and NASDAQ listed mineral exploration and development company focused on redeveloping the past-producing Selebi and Selkirk copper-nickel-cobalt-platinum group element mines in Botswana. NexMetals has confirmed the scale of mineralization is larger than historical estimates, supported by NI 43-101-compliant resource estimates, with ongoing down-hole geophysics, drilling, and metallurgical programs aimed at expanding resources and supporting future economic studies. The Company is led by an experienced management and technical team with a proven track record in global mineral projects, emphasizing disciplined execution, transparent governance, and long-term stakeholder value creation.

**For further information about NexMetals Mining Corp., please contact:**

Paul Martin

Chairman

<u>pmartin@nexmetalsmining.com</u>

Jaclyn Ruptash

V.P., Communications and Investor Relations

<u>jaclyn@nexmetalsmining.com</u>

1-833-770-4334

**Follow Us** 

X: <u>https://x.com/NexMetalsCorp</u>

LinkedIn: <u>https://www.linkedin.com/company/NexMetalsMiningCorp</u>

Facebook: <u>https://www.facebook.com/NexMetalsMiningCorp</u>

***Neither the TSX Venture Exchange and its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) nor the Nasdaq Stock Market LLC accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.***

 ****

 ****

## Exhibit 10.1

**Exhibit 10.1**

**CONSULTING SERVICES AGREEMENT**

**THIS AGREEMENT** is dated the 9th day of February, 2026.

**B E T W E E N:**

**NexMetals Mining Corp.**

(hereinafter referred to as the "**Company**" or "**NEXM**")

– and –

**Morgan Lekstrom**

of the City of Vancouver in the Province of British Columbia

(hereinafter referred to as "**Consultant**")

**WHERAS:**

&nbsp;&nbsp;&nbsp;&nbsp;A. The
 Consultant has served as a member of the Company's board of directors (the "**Board** ")
 since March 18, 2025;

&nbsp;&nbsp;&nbsp;&nbsp;B. Pursuant
 to the terms and conditions of a Transition Agreement between the Consultant and the Company
 dated December 13, 2025 (the "**Transition Agreement** "), the Consultant and
 the Company agreed, among other things, that in certain circumstances (as set out in the
 Transition Agreement), the Company would provide the Consultant with the opportunity to provide
 consulting services to the Company following his term as a member of the Board pursuant to
 the terms of a consulting services agreement which would allow the Company, on an as-needed
 basis, to request the services of the Executive;

&nbsp;&nbsp;&nbsp;&nbsp;C. Pursuant
 to the terms of an Agreement dated January 15, 2026, the Company and the Consultant agreed
 to the form of the consulting services agreement to be used;

&nbsp;&nbsp;&nbsp;&nbsp;D. The
 Consultant has chosen to resign from the Board; and

**<u>OR</u>**

A majority of Board members have voted in favour of a resolution requesting that the Consultant resign from the Board; and

&nbsp;&nbsp;&nbsp;&nbsp;E. Pursuant
 to the terms of the Transition Agreement, the Company has provided the Consultant with the
 opportunity to provide consulting services to the Company and the Consultant desires to provide
 such consulting services to the Company. upon the terms and conditions contained in this
 consulting services agreement (this "**Agreement** ").

**NOW THEREFORE** it is hereby agreed as follows:

**1.** **Engagement and Acceptance of Duties** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) NEXM
 agrees to engage Consultant to provide advisory services as agreed to by NEXM and Consultant
 from time to time ()"**Services** "), and Consultant agrees to accept such engagement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Consultant
 agrees that all Services are to be performed by Consultant unless otherwise previously agreed
 to by NEXM in writing, and Consultant agrees to cause all individuals of Consultant providing
 Services to abide by the terms and conditions of this Agreement. Consultant agrees to be
 liable for any and all breaches of this Agreement by any and all individuals of Consultant
 providing Services hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Consultant
 is being engaged by NEXM as an independent contractor only. Nothing in this Agreement will
 or will be deemed, directly or indirectly, to constitute the parties as being partners, joint-venturers
 or in an employment relationship.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) During
 the term of this Agreement, Consultant will report to the Chief Executive Officer of NEXM
 or to such other person that the Chief Executive Officer of NEXM determines.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) Consultant
 shall ensure that Consultant is not at any time engaged in conduct which would constitute
 a conflict with the interests of NEXM, its subsidiaries, related companies and related corporations
 and any person related to any of the foregoing (within the meaning of the *Income Tax Act* (Canada)) (collectively, "**NEXM Entities** "). Consultant will, in the
 performance of Consultant's duties, diligently, faithfully and honestly serve NEXM
 during the term of this Agreement, shall use Consultant's best efforts to promote the
 interests of the NEXM Entities, and will perform such duties that are essential or conducive
 to efficient management in accordance with the rules and policies of NEXM.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) NEXM
 acknowledges that Consultant provides and shall continue to provide services to other companies,
 provided that such services do not interfere or conflict with the performance of the duties
 and responsibilities undertaken in this Agreement.

**2.** **Compensation** 

In consideration of Consultant providing the Services, NEXM agrees to pay Consultant an hourly feeof CA$500.00 for providing the Services (the "**Fees**") for the term of this Agreement.

All Fees accruing to Consultant hereunder shall be invoiced and paid monthly. All amounts due to Consultant hereunder are payable 10 days following the date the applicable invoice is received by NEXM.

**3.** **Expenses** 

Expenses will only be reimbursed by NEXM if such expenses have first been pre-approved by NEXM. NEXM shall pay for or reimburse Consultant for all reasonable, ordinary and necessary expenses incurred by Consultant in the ordinary course of Consultant's engagement upon presentation by Consultant to NEXM of proper accounts, statements, invoices or receipts for such items, pursuant to NEXM's travel and expense policies.

**4.** **NEXM Policies** 

Consultant agrees to abide by any and all NEXM policies applicable to Consultant.

**5.** **Deductions and Indemnity** 

NEXM has no responsibility to make deductions for, or to pay, benefits, health, welfare and pension costs, withholdings for income taxes, employment insurance premiums, workplace safety and insurance premiums, Canada Pension Plan premiums, payroll taxes, disability insurance premiums or other similar charges with respect to Consultant and Consultant covenants and agrees to be fully responsible for all such matters and shall indemnify NEXM for any costs incurred by NEXM arising as a result of Consultant's failure to make such payments or remittances or NEXM's omission in not making such deductions.

**6.** **Hours of Work** 

Consultant agrees to work such hours as are reasonably necessary in order for Consultant to perform its duties under this Agreement.

**7.** **Confidential Information** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) "**Confidential Information**" for purposes of this Agreement includes, without limitation, any confidential,
 proprietary or trade secret information about the NEXM Entities or as disclosed by any of
 the NEXM Entities pursuant to this Agreement, whether such information is oral or in writing
 or in any other fixed form, including information concerning any confidential data, business
 plans, business opportunities, goals and objectives, finances, research, developments, know-how,
 personnel or third party confidential information, customer information and related technical
 and business matters. Consultant acknowledges that certain of the material and information
 made available to Consultant by NEXM Entities in the performance of Consultant's duties
 will be Confidential Information. Consultant recognizes that the Confidential Information
 is the sole and exclusive property of NEXM, and Consultant shall use Consultant's best
 efforts and exercise utmost diligence to protect and maintain the confidentiality of the
 Confidential Information. Consultant shall not, directly or indirectly, use for itself or
 another, or disclose to another, any Confidential Information, whether or not acquired, learned,
 obtained or developed by Consultant alone or in conjunction with others, except as such disclosure
 or use may be required in connection with Consultant's engagement or as may be consented
 to in writing by NEXM.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The
 Confidential Information is and shall remain the sole and exclusive property of NEXM regardless
 of whether such information was generated by Consultant or by others, and Consultant agrees
 that upon termination of this Agreement Consultant shall deliver promptly to NEXM all such
 tangible parts of the Confidential Information including records, data, notes, reports, proposals,
 client lists, correspondence, materials, marketing or sales information, computer programs,
 equipment, or other documents or property which are in the possession or under the control
 of Consultant without retaining copies thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Consultant
 further covenants and agrees with NEXM that all instructions, drawings, notes, memoranda,
 inventions, patents and other industrial property relating to the business of the NEXM Entities
 made or conceived by it during the term hereof or which may come into Consultant's
 possession and which relate to or embody any of the information, trade secrets or know-how
 referred to in this Agreement or any research done for NEXM shall be the exclusive property
 of NEXM.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Each
 of the foregoing obligations of Consultant in this clause shall also apply to any confidential
 information of customers, joint venture parties, contractors and other entities, of any nature
 whatsoever, with whom NEXM Entities have business relations.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) Consultant
 shall not be liable for the disclosure or use of any of the Confidential Information to the
 extent that the Confidential Information:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) is
 or has become generally available to the public;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) is
 or has been available to Consultant on a non-confidential basis prior to its being provided
 to Consultant by or on behalf of a NEXM Entity;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) is
 or has become available to Consultant on a non-confidential basis from any source (other
 than a NEXM Entity), provided that such source is not bound by a confidentiality or similar
 agreement with a NEXM Entity or any other person in respect of such information; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) is
 required by law to be made available by Consultant on a non-confidential basis.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) The
 covenants and agreements contained in this clause shall survive the termination of this Agreement
 and the consulting relationship with NEXM for an indefinite period.

**8.** **Title to Intellectual Property** 

For the purposes of this Agreement, "**Intellectual Property**" means all right, title, interest and benefit in and to all registered or unregistered world-wide trademarks, trade or brand names, service marks, commercial names and designations, copyrights, copyright applications, patents, inventions in all fields of human endeavour (which may or may not be patented), designs (including industrial designs and layout designs of semiconductor integrated circuits and integrated circuit topography), discoveries, concepts, improvements to inventions (whether patentable or not), licences, sub-licences, franchises, formulae, processes, proprietary information, ideas, plans, concepts, technical information, know-how, trade secrets, scientific discoveries, technology, technical data, source code, schematics, computer rights, proprietary business plans and related deal structures, and other intellectual or industrial property.

**9.** **Term and Termination** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) This
 Agreement will terminate on November 18, 2026.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) NEXM
 may terminate this Agreement and Consultant's engagement immediately upon the occurrence
 of any act or omission of Consultant which constitutes grounds for dismissal of an employee
 for just cause as that term is interpreted by the applicable employment and labour laws.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Consultant
 may terminate this Agreement and Consultant's engagement by providing two (2) weeks'
 notice of termination.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Upon
 termination of this Agreement:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) NEXM's
 obligations to Consultant under this Agreement shall terminate except for NEXM's obligation
 to pay Consultant's compensation and expenses in accordance with the terms of this
 Agreement, to the date of termination;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Consultant's
 obligations to NEXM under this Agreement shall terminate except those obligations which are
 specifically expressed to survive the termination of this Agreement; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) The
 terms of the Transition Agreement shall continue to govern.

**10.** **Governing Law** 

This Agreement shall be governed by the laws of the Province of Ontario and the federal laws of Canada applicable therein.

**11.** **Severability** 

If any provision of this Agreement, or the application of such provision to any person or in any circumstance, shall be determined to be invalid, illegal or unenforceable, the remaining provisions of this Agreement, and the application of such provision to any person in any circumstance other than that to which it is held to be invalid, illegal or unenforceable, shall not be affected thereby.

**12.** **Amendments** 

Any amendments to this Agreement must be in writing and signed by both parties hereto.

**13.** **Time of Essence** 

Time shall be of the essence in this Agreement.

**14.** **Entire Agreement** 

Subject to the terms of the Transition Agreement (and the corresponding Full and Final Release and Indemnity) this is the entire agreement between NEXM and Consultant with respect to the engagement of Consultant by NEXM and supersedes any prior agreements with respect to such engagement or employment whether written or oral.

**15.** **Notices** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) All
 notices, requests, claims, demands and other communications hereunder must be in writing
 and are sufficiently given if delivered personally, by registered mail (postage pre-paid,
 return receipt requested), by a recognized international overnight delivery service or by
 email directed as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) to
 NEXM:

NexMetals Mining Corp.

Attention: Chief Executive Officer

1111 West Hastings Street, 15th Floor

Vancouver, British Columbia V6E 2J3

Email: <u>ceo@nexmetalsmining.com</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) to
 Consultant:

Morgan Lekstrom

3123-595 Burrard St, Vancouver, BC

Email: morgan@allmineconsulting.com

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Each
 such notice, request, claim, demand or other communication is deemed to have been received
 upon the earliest to occur of (i) actual delivery, (ii) in the case of registered mail, five
 (5) days after being deposited in the mail addressed as aforesaid, (iii) in the case of email
 on the next Business Day following the date of transmission (provided that the original of
 such notice, request, claim, demand or other communication is promptly sent by overnight
 delivery service as aforesaid) and (iv) in the case of overnight delivery service, one (1)
 Business Day after being sent addressed as aforesaid. The Parties may designate additional
 mailing addresses or email addresses for particular communications as required from time
 to time, and may change any address, facsimile number or email address upon five (5) Business
 Days' prior written notice thereof.

**16.** **No Waiver** 

The failure of any party to insist upon the strict performance of a covenant or obligation hereunder, irrespective of the length of time for which such failure continues, shall not be a waiver of such party's right to demand strict performance in the future. No consent or waiver, express or implied, to or of any breach or default in the performance of any covenant or obligation hereunder shall constitute a consent or waiver to or of any breach or default in the performance of the same or any other obligation hereunder.

**17.** **Assignment** 

This Agreement is personal in nature and may not be assigned by Consultant. NEXM may assign this Agreement to NEXM Entities and, for greater certainty, to any company or organization where NEXM is the controlling stakeholder.

**18.** **Enurement** 

This Agreement shall be binding upon and shall enure to the benefit of each of the parties hereto and Consultant's respective permitted successors and assigns or legal personal representatives, as the case may be.

**IN WITNESS WHEREOF** the parties hereto have signed this Agreement as of the day and year first above written.

**NEXMETALS MINING CORP.**

---

| | | |
|:---|:---|:---|
| by | */s/ Paul Martin* | */s/Morgan Lekstrom* |
| Name: | Paul Martin | Morgan Lekstrom |
| Title: | Chairman |  |

---