UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 5.02 Departure of Directors or Certain Offices; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On July 31, 2025, NexMetals Mining Corp. (the “Company”) entered into an agreement (the “Agreement”) with Peter Rawlins, its former Senior Vice President and Chief Financial Officer, providing for certain payments in respect of his previously announced resignation from the Company.
Pursuant to the terns of the Agreement, the Company will pay a total of $717,500 to Mr. Rawlins in equal installments of $59,791.67 each over a period of 12 months beginning August 31, 2025. The Company will also pay Mr. Rawlins $11,111 in respect of accrued but unused vacation for 2025, payable on August 31, 2025. Finally, under the Agreement, Mr. Rawlins has provided a general release and indemnity in favor of the Company.
Also on July 31, 2025, the Company entered into a consulting agreement with Mr. Rawlins pursuant to which Mr. Rawlins will provide advisory services as agreed between the Company and Mr. Rawlins from time to time over a five-year term at a rate of Cdn$500 per hour.
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. | ||
| (Registrant) | ||
| By: | /s/ Morgan Lekstrom | |
| Morgan Lekstrom | ||
| Chief Executive Officer | ||
Date: August 6, 2025