NexMetals Mining Corp. 8-K

What Happened
NexMetals Mining Corp. (filed 8-K on June 18, 2026) reported that its wholly‑owned subsidiary Premium Resources International Ltd. (PRIL) entered into a Services & Consulting Agreement with ANZAC Consulting Ltd. on June 15, 2026. ANZAC provides the services of Boris Kamstra, who serves as PRIL’s Chief Operating Officer. The new agreement supersedes the prior agreement dated January 1, 2023 (amended July 1, 2025) and continues until terminated by either party.

Key Details

• Consulting fee: US$230 per hour, payable monthly in arrears.
• Expenses & travel: PRIL will reimburse approved expenses, cover reasonable board and lodging in Botswana when required, provide business-class (or similar) air travel for flights over four hours, and secure required work permits.
• Tax and liability: PRIL will bear any Barbados withholding tax assessed on payments to ANZAC (including related interest, penalties and litigation costs).
• Termination: Either party may terminate on 90 days’ written notice; PRIL may immediately terminate for failure to perform. No change‑of‑control, severance, or constructive dismissal benefits are provided.

Why It Matters
This filing confirms continuity of operational leadership at PRIL by contracting the COO’s services through ANZAC and sets the commercial terms investors should expect for those services (US$230/hr plus travel and tax obligations). The arrangement creates an ongoing cash expense and potential tax liability for the company, but contains no special change‑of‑control or severance protections that would create additional obligations in a corporate transaction.