NexMetals Announces Annual Equity Incentive Grants

Rhea-AI Summary

NexMetals (TSXV: NEXM; NASDAQ: NEXM) announced annual equity incentive awards on November 18, 2025 under its Omnibus Equity Incentive Plan.

The Board approved 332,512 RSUs to officers, employees and consultants (287,512 RSUs at a deemed price of $7.60 reflecting the 90-day VWAP as of November 7, 2025, and a 55% premium to the November 17, 2025 close; plus 45,000 RSUs at a deemed price of $8.80, a 79% premium to the November 17 close). The 287,512 RSUs vest in equal thirds annually; the 45,000 RSUs vest in full at the first anniversary.

The Company also granted 46,600 DSUs to directors at a deemed price of $7.60, payable in cash per the Plan. Further Plan details are available in the Management Information Circular dated April 28, 2025.

Positive

• Granted 332,512 RSUs to align staff incentives
• RSU vesting schedule: annual thirds for 287,512 RSUs
• 46,600 DSUs granted to directors, payable in cash

Negative

• Potential dilution of 424,112 common shares from grants

Insights

Compensation Governance Expert

Routine equity grants announced: modest dilution, standard multi‑year vesting, no immediate cash impact.

The Board approved 332,512 RSUs and 46,600 DSUs, with most RSUs priced at $7.60 and a tranche at $8.80. Vesting is annual in thirds for 287,512 RSUs and one‑year cliff for 45,000 RSUs; DSUs are payable in cash under the Plan. These awards use the stated VWAP and represent compensation expense rather than immediate cash outflow.

Key dependencies and risks include dilution to existing holders and future share‑based compensation expense affecting reported results. The communication notes a 55% and 79% premium to the closing price, which limits immediate underwater awards but does not eliminate future dilution. Watch for reported grant date expense in the next periodic filings and any changes to the total share reserve on or before Q4 2025.

Vancouver, British Columbia--(Newsfile Corp. - November 18, 2025) - NexMetals Mining Corp. (TSXV: NEXM) (NASDAQ: NEXM) ("NEXM" or the "Company") announces that it has granted annual equity incentive awards to certain directors, officers, employees and consultants pursuant to the Company's Omnibus Equity Incentive Plan (the "Plan").

The Board of Directors has approved the grant of restricted share units ("RSUs") representing an aggregate of 332,512 common shares to certain officers, employees and consultants. Of this amount, 287,512 RSUs have been granted at a deemed price of $7.60 per RSU, representing the 90-Day volume weighted average price of the Company's shares on the TSX Venture Exchange as of November 7, 2025, and reflecting a 55% premium to the Company's closing share price on November 17, 2025. These RSUs will vest annually in equal thirds beginning on the first anniversary of the date of grant. A further 45,000 RSUs have been granted to certain officers and consultants at a deemed price of $8.80 per RSU, representing a 79% premium to the Company's closing share price on November 17, 2025. These RSUs will vest in full on the first anniversary of the date of grant.

The Company has also granted deferred share units ("DSUs") representing an aggregate of 46,600 common shares to directors at a deemed price of $7.60 per DSU. The DSUs will be payable in cash and settled in accordance with the terms of the Plan.

The equity incentive grants are intended to align the interests of directors, management, employees and consultants with those of shareholders and to support the Company's long-term retention and performance objectives. 

Further information regarding the Plan is set out in the Company's Management Information Circular dated as of April 28, 2025 and filed on May 6, 2025, which is available under the Company's profile on SEDAR+ (www.sedarplus.ca).

About NexMetals Mining Corp.

NexMetals Mining Corp. is a mineral exploration and development company that is focused on the redevelopment of the previously producing copper, nickel and cobalt resources mines owned by the Company in the Republic of Botswana.

NexMetals is committed to governance through transparent accountability and open communication within our team and our stakeholders. NexMetals' team brings extensive experience across the full spectrum of mine discovery and development. Collectively, the team has contributed to dozens of projects, including work on the Company's Selebi and Selkirk mines. Senior team members each have on average, more than 20 years of experience spanning geology, engineering, operations, and project development.

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

Morgan Lekstrom
CEO and Director
morganl@nexmetalsmining.com

Jaclyn Ruptash
V.P., Communications and Investor Relations
jaclyn@nexmetalsmining.com
1-833-770-4334

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.

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/274948

FAQ

How many restricted share units did NexMetals (NEXM) grant on November 18, 2025?

The company granted an aggregate of 332,512 RSUs to officers, employees and consultants.

What are the vesting terms for NexMetals' RSUs (NEXM) granted November 18, 2025?

287,512 RSUs vest in equal thirds annually starting one year after grant; 45,000 RSUs vest in full on the first anniversary.

What prices were used to value NexMetals (NEXM) RSUs and DSUs on November 18, 2025?

287,512 RSUs and 46,600 DSUs were deemed at $7.60; 45,000 RSUs were deemed at $8.80.

Do NexMetals' (NEXM) DSUs pay in shares or cash?

The 46,600 DSUs granted to directors will be payable in cash and settled per the Plan.

Where can investors find NexMetals' equity incentive Plan details referenced November 18, 2025?

Plan details are in the company's Management Information Circular dated April 28, 2025, filed May 6, 2025, available on SEDAR+.