NexMetals Mining Corporation (NEXM)

NexMetals Increases Selkirk Mineral Resource by 70%, Establishing 1.1 Billion Pounds of Copper Equivalent in the Indicated Category and 200 Million Pounds in Inferred CategoryJune 24, 2026 7:00 AM
NewsfileIndicated Resource Totals 78.2 Mt grading 0.66% CuEq (0.21% Ni, 0.23% Cu, 0.012% Co, 0.10 g/t Pt, 0.42 g/t Pd, 0.05 g/t Au and 0.72 g/t Ag), Enhancing Scale and Open Pit Development PotentialVancouver, British Columbia--(Newsfile Corp. - June 24, 2026) - NexMetals Mining Corp. (TSXV: NEXM) (NASDAQ: NEXM) (the "Company" or "NEXM") is pleased to announce an updated Mineral Resource Estimate ("2026 MRE") for its Selkirk Project ("Selkirk" or the "Project") in Botswana. Selkirk is a past-producing copper-nickel-platinum group elements ("PGEs") project located approximately 75 kilometres northeast of the Company's flagship Selebi Project. The 2026 MRE, completed by The MSA Group ("MSA") in Johannesburg, South Africa, increases the Project's contained copper equivalent ("CuEq") metal inventory by approximately 63% and reflects a significant conversion of Mineral Resources from the Inferred to Indicated category following a successful re-assaying and twin drilling campaign. The 2026 MRE represents an important technical milestone for the Selkirk Project, enhancing resource confidence and reducing development risk.Highlights: Approximately 1.1 billion pounds of CuEq Mineral Resources in the Indicated category with 78.2 Mt grading 0.66% CuEq (0.21% Ni, 0.23% Cu, 0.012% Co, 0.10 g/t Pt, 0.42 g/t Pd, 0.05 g/t Au and 0.72 g/t Ag). Approximately 200 million pounds of CuEq Mineral Resources in the Inferred category with 15.1 Mt grading 0.60% CuEq (0.18% Ni, 0.21% Cu, 0.010% Co, 0.09 g/t Pt, 0.40 g/t Pd, 0.05 g/t Au and 0.77 g/t Ag). Key drivers of the increase from the 2024 Mineral Resource Estimate (the "2024 MRE") include: Significant improvement in metallurgical recoveries resulting in higher expected payabilities; Inclusion of cobalt, silver and gold as payable metals, none of which were assigned value in the 2024 MRE due to limited assaying; andExpanded platinum, palladium, silver, cobalt and gold datasets from the historical core resampling program, supporting an expanded mineralized envelope and larger conceptual pit shell on a Net Smelter Return (NSR) basis. Metal price changes had a minimal net impact relative to the 2024 MRE, reflecting Selkirk's diversified polymetallic metal mix, which provides exposure to multiple payable metals while reducing single-commodity price risk.The 2026 MRE incorporates the previously reported metallurgical results (see news releases dated April 27, 2026, and June 4, 2026) that confirm the ability to produce separate, clean copper and nickel concentrates that meet commercial smelter specifications, further de-risking the project.Strip ratio reduced to 1.02:1 from 1.65:1, among the lowest strip ratios for copper development projects globally, resulting from the inclusion of additional tonnage sitting above and adjacent to the 2024 MRE. Why This Matters: Selkirk has evolved into a strategically important, multi-commodity critical metals asset with the scale and development potential to drive additional value creation for shareholders.Previously assigned limited value as a secondary asset within the portfolio, the substantial conversion to Indicated resources, clean concentrate quality and favourable open-pit mining characteristics position Selkirk as a meaningful contributor to NexMetals' future growth and support a potential accelerated path toward pre-feasibility.Next Steps:A Technical Report prepared in accordance with National Instrument 43-101 ("NI 43-101") will be filed on SEDAR+ and EDGAR within 45 days of this news release.The Company expects to evaluate a range of strategic options for Selkirk, including potential partnerships, a spin-out, or advancement toward an economic study.To view summary of today's news release by Sean Whiteford, CEO, click the image below.To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7759/302633_a917479b54363971_002full.jpgSean Whiteford, CEO of the Company, commented: "The 2026 MRE highlights the value embedded within our Botswana portfolio and reinforces Selkirk as a strategically important asset for the Company. Through targeted drilling, re-assaying and metallurgical work, we have established over 1.1 billion pounds of contained copper equivalent in the Indicated category. Importantly, this value was unlocked with relatively modest investment, highlighting both the quality of the asset and the opportunity that remains ahead. Selkirk is an advanced-stage, past-producing Project with open-pit development potential and the ability to produce clean saleable concentrates. As the most advanced asset in our portfolio, it represents a compelling development opportunity and an important source of future value creation.""When we acquired the Selebi and Selkirk projects out of liquidation in 2022, we saw an opportunity to unlock value through modern exploration and disciplined technical work, and today's resource update at Selkirk is a strong example of that strategy in action. At the same time, we continue to advance our flagship Selebi project through drilling, with an updated Mineral Resource Estimate and Preliminary Economic Assessment expected later this year. Together, these milestones should continue to demonstrate the scale, quality and growth potential of our Botswana portfolio."Table 1. 2026 MRE Summary


GradeClassificationTonnes
(Millions)NSR
(US$)Grade
(% CuEq)* Ni
(%)Cu
(%)Co
(%)Pt
(g/t)Pd
(g/t)Au
(g/t)Ag
(g/t)Measured----------Indicated78.2560.660.210.230.0120.100.420.050.72Inferred15.1510.600.180.210.0100.090.400.050.77Total Contained (Mlbs CuEq)*Contained MetalNi (kt) Cu (kt)Co (kt)Pt (koz)Pd (koz)Au (koz)Ag (koz)Measured--------Indicated1,1381631819.22451,0661201,818Inferred20027321.64519325372 *CuEq is calculated using the formula CuEq %)=91.4*Cu(%)+Ni(%)*(85.1/91.4)+Co(%)*(93.8/91.4)+Pt(g/t)*(22.4/91.4)+Pd(g/t)*(33.1/91.4)+Au(g/t)*(68.5/91.4)+Ag(g/t)*(0.8/91.4)Notes: All tabulated data have been rounded and as a result minor computational errors may occur.Mineral Resources, which are not Mineral Reserves, have no demonstrated economic viability. There is no guarantee that that all or any part of the Mineral Resource will be converted into a Mineral Reserve. The estimate of Mineral Resources may be materially affected by geology, environment, permitting, legal title, taxation, socio-political, marketing, or other relevant issues.kt = thousand tonnes, Mlbs = Million pounds, koz = thousand ounces.The 2026 MRE has been prepared in accordance with the CIM Definition Standards (2014) and CIM Best Practice Guidelines (2019) with an effective date of June 22, 2026.Mineral Resources are reported at a cut-off value of US$25/t NSR (Net Smelter Return) defined as received value of final metal recovered minus off-site costs.Mineral Resources are estimated using long-term prices of US$9.10/lb Ni, US$5.10/lb Cu, US$20.00/lb Co, US$1,800/oz Pt, US$1,550/oz Pd, US$3,600/oz Au and US$52.00/oz Ag. The same metal prices were used in CuEq and NSR calculations.Mineral Resources are estimated using nickel, copper, cobalt, platinum, palladium, gold and silver recoveries of 54%, 88%, 53%, 56%, 78%, 72% and 61%, respectively, derived from metallurgical studies which consider a two-concentrate scenario.Payabilities and off-site treatment and refining costs were derived from an independent marketing study commissioned by NexMetals.The CuEq value was calculated based on relative recovered value received for each metal excluding costs. Received value for each metal was calculated using the formula: in-situ grade*concentrator recovery*payability*metal price. The ratio between received copper value and total other metal value was then used to calculate CuEq, i.e., CuEq = (1+value excluding Cu / Cu value) * Cu grade.Bulk density has been estimated in the block model based on an extensive data set of measurements taken from drillhole cores.Mineral Resources are reported within an optimized pit shell using NSR values, mining cost of US$3/tonne (additional US$0.008 per metre depth from pit rim), concentrate costs of US$20/tonne, G&A of US$1.35 per tonne, 45°pit slope to base of partially weathered and 60° in fresh rock.There are no Mineral Reserves. Figure 1: 3D Block Model of the Selkirk Deposit highlighting the 2026 MRE and against the old open pit shellTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7759/302633_a917479b54363971_003full.jpgThe 3D block model highlights the significant advancement of the Selkirk Project through the 2026 MRE. The previous Selkirk Mineral Resource Estimate comprised 789 million lbs of CuEq1 in the Inferred category with 44.2 Mt grading 0.81% CuEq (0.30% Cu, 0.24% Ni, 0.55 g/t Pd and 0.12 g/t Pt), entirely within the Inferred category. The updated model demonstrates a substantial increase in resource confidence through the conversion of a significant portion of the mineralization to the Indicated category. The model also illustrates a materially expanded conceptual open-pit shell relative to the 2024 MRE, reflecting increased contained metal.Mineral Resource Data and Quality ControlThe historical sampling data collected by the previous owner and operator, Tati Nickel Mining Company ("TNMC"), which included Ni and Cu assays and selective Pd, Pd and Au assays. The historical data was verified through completion of eleven twin diamond drillholes and approximately 6,000 samples taken for assay from the remaining TNMC core by NexMetals. Resampling included intervals previously sampled by TNMC, as well as some extension sampling, and included a full suite of elements including Ni, Cu, Co, Pt, Pd, Au and Ag. Statistical checks completed by MSA revealed no material bias between the historical and recent sample assays.Data from drillholes completed prior to TNMC, as well as TNMC underground drilling and channel sampling, was not verifiable and was not included in the 2026 MRE. A total of 216 diamond drillholes were used to estimate the 2026 MRE, including the TNMC drillholes, NexMetals twin drilling and an infill drillhole completed by NexMetals.The TNMC assays were completed at the TNMC Phoenix Laboratory. At the time of preparation and analysis, TNMC owned both the Phoenix Mine and Selkirk, and the laboratory was not independent of the operator. From 2011, the Phoenix Mine Laboratory held accreditation with the South African National Accreditation System (SANAS), and with the International Organization for Standardization/International Electrotechnical Commission (ISO/IEC) 17025 for chemical analyses. Ni and Cu were analysed by XRF and Pt, Pd and Au by 50 g lead collection fire assay. Relative Density measurements were obtained by water immersion method.The NexMetals drill core was logged, photographed and marked for sampling in nominal lengths of one metre. The core samples were cut in half longitudinally using a rotating diamond saw. The bagged core samples were given a unique sample reference number, bagged and despatched to ALS Laboratories Ltd. in Johannesburg, South Africa for analysis (SANAS Accredited Testing Laboratory, No. T0387). Samples were analysed for Ni, Cu, and Co using a peroxide fusion preparation and inductively coupled plasma atomic emission spectrometry (ICP-AES) finish (ME-ICP81). Analyses for Pt, Pd, and Au were by fire assay (30 g nominal sample weight) with an ICP-AES finish (PGMICP23), also by ALS. A suite of 48 elements, including Ag, was analysed using a 4-acid digest and ICP-AES finish (ME-ICP61). Specific gravity measurements were also completed by ALS.The NexMetals drilling and resampling was subjected to a comprehensive programme of quality assurance and quality control by NexMetals, independent of the laboratories' own QA/QC measures, including certified reference materials (5%), blank samples (5%), coarse duplicate samples (5%) and pulp duplicate samples (5%). The Qualified Person, Mr. J.C. Witley (BSc Hons, MSc (Eng.)), is satisfied that the assay results are of sufficient accuracy and precision for use in Mineral Resource estimation.Mineral Resource EstimateThe Selkirk Mineral Resource Estimate was completed by The MSA Group in Johannesburg, South Africa.The Mineral Resource was estimated using the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) Best Practice Guidelines and is reported in accordance with the 2014 CIM Definition Standards, which have been incorporated by reference into NI 43-101.The Selkirk Mineral Resource is contained within the Selkirk Meta Gabbro, which is a massive roughly sub-vertical body plunging at a moderate dip to the south-southwest approximately 300 to 450 m wide and has been intersected by drilling from surface to over 500 m deep. Sulphide mineralisation consists primarily of disseminated pyrrhotite and chalcopyrite and veins and pods of massive sulphide. The Selkirk Meta Gabbro has been intruded by several phases of later dykes which are barren.Estimation comprised modelling of the Selkirk metagabbro, dykes and a surface representing the base of oxidation, followed by the construction of an implicit probability mineralised shell within the metagabbro including drillhole sample intervals greater than an NSR value of US$20. A three-dimensional block model with parent cells of 20 mX by 20mY by 10mRL and appropriate sub-celling was used to estimate metal grades and density by ordinary kriging. Volumes representing mined voids and oxidised material were removed and dykes were assigned grades of zero. NSR was then calculated for each block model cell using the estimated grades, metal prices, recoveries, off-site costs and payabilities. The mineral resource model was classified into the Indicated and Inferred categories, taking into account data quality, geological modelling uncertainty, drillhole spacing and kriging outputs. The majority of the Indicated Mineral Resource is informed by drillholes closer than 60 m apart up to maximum spacing of 75 m. The Mineral Resource was reported using a NSR based optimised pit-shell. Using concentrate costs of US$20/tonne, G&A of US$1.35 per tonne and royalites of 3% for base metals and 5% for precious metals, blocks that occur within the pit-shell with estimated NSR above US$25/tonne satisfy cut-off grade criteria and, together with the optimised pit shell, the QP considers that reasonable prospects for eventual economic extraction (RPEEE) for the Mineral Resource have been demonstrated.Qualified Persons Mr. J.C. Witley (BSc Hons, MSc (Eng.)) is a geologist with more than 35 years' experience in base and precious metals exploration and mining as well as Mineral Resource evaluation and reporting. He is Head of Mineral Resources for The MSA Group (an independent consulting company), is registered as Pr.Sci.Nat. with the South African Council for Natural Scientific Professions (SACNASP) and is a Fellow of the Geological Society of South Africa (GSSA). Mr. Witley has the appropriate relevant qualifications and experience to be considered a "Qualified Person" for the style and type of mineralisation and activity being undertaken as defined in NI 43-101 and is considered independent of NexMetals pursuant to NI 43-101. Mr. Witley has reviewed and approved the technical and scientific information within this news release pertaining to the Mineral Resource Estimate.Verification included a site visit by the QP to inspect historical mineralized core, observe existing infrastructure, including the Selkirk underground ramp and remains of massive sulphide stockpiles at surface, and inspect several surface drillhole collar locations (both historical and recent). The mineralisation in five of the twin holes was inspected by the QP. In addition, a selection of samples collected by NexMetals have been verified against independently accessed assay certificates, and a random selection of historical database results have been compared against digital records.The scientific and technical content of this news release has been reviewed and approved by Sharon Taylor, V.P. Exploration of the Company, MSc, P.Geo, who is a "qualified person" for the purposes of NI 43-101.Technical ReportThe 2026 MRE on Selkirk will be supported by a National Instrument 43-101 Technical Report to be filed within 45 days of this news release.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. At Selebi, NexMetals has confirmed the scale of mineralization is larger than historical estimates, supported by NI 43-101- and Regulation S-K 1300-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

NexMetals' Final Analytical Results Confirm Selkirk Copper and Nickel Clean Concentrates Meet Commercial Smelter SpecificationsJune 4, 2026 7:00 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - June 4, 2026) - NexMetals Mining Corp. (TSXV: NEXM) (NASDAQ: NEXM) (the "Company" or "NEXM") is pleased to announce the full concentrate analytical results from its two-concentrate metallurgical test program at the past-producing Selkirk Mine in Botswana. Selkirk is the Company's second advanced-staged project alongside Selebi Mine, located approximately 75km away. The first set of results were announced in a news release dated April 27, 2026, with full analytical assays now confirming the potential to produce clean, high-grade, commercially saleable copper and nickel concentrates with low levels of deleterious elements that meet commercial smelter specifications.Highlights: Commercial Smelter Specifications Confirmed: Final assays confirm both concentrates meet industry-standard smelter acceptance criteria, establishing a clear pathway to commercial sales.Clean Concentrate Profile: Both the copper and nickel concentrates show very low levels of all deleterious elements, including main determinants such as arsenic, cadmium, mercury, fluorine, lead, zinc, and bismuth, and all of which are below industry-standard penalty thresholds. This clean profile is highly compelling and could enhance marketability and offtake terms.Potential Low-Capital Restart Pathway: Results support the potential restart of Selkirk without the need for an on-site smelter or hydrometallurgical facility, potentially reducing capital intensity and execution risk.Potential Environmental Advantage: The clean concentrate profile and conventional flotation flowsheet may contribute to a lower environmental footprint relative to historical operations.Next Steps:Complete additional flowsheet development testwork to further improve recoveries and concentrate quality.Integrate metallurgical and recent assay results into the New Mineral Resource Estimate (the "New MRE"), expected in Q2 2026.Sean Whiteford, CEO of the Company, commented: "These final analytical results represent another important milestone for Selkirk and confirm our ability to produce separate, high-grade copper and nickel concentrates with payable platinum and palladium that meet commercial smelter specifications. Importantly, both concentrates exhibit very low levels of deleterious elements, while also containing cobalt, silver, and gold that are expected to be payable. We believe these results further de-risk the project, enhance the marketability of Selkirk's concentrates, and reinforce Selkirk as a strategic and underappreciated asset within NexMetals' portfolio. With the New MRE expected in the coming weeks, these results continue to demonstrate that Selkirk represents a more advanced asset with multiple potential pathways to unlocking shareholder value."Technical Details Approximately 700 kg of fresh diamond drill core was collected from the Selkirk mineralized zone in 2025. Selected samples were blended to create a master composite representative of grades anticipated in the early years of a conceptual mine plan. This composite formed the basis for metallurgical testwork. The resulting feed grade averaged 0.26% Cu, 0.24% Ni, 0.09 g/t Pt, 0.42 g/t Pd, 0.04 g/t Au, 1.26 g/t Ag and 0.01% Co.Metallurgical testwork was conducted by Blue Coast Research of Parksville, British Columbia, to evaluate processing performance of the Selkirk material. Results demonstrate that a conventional sequential flotation flowsheet can effectively generate separate, high-quality copper and nickel concentrates, while maintaining target concentrate grades and achieving strong overall metal recoveries (see news release dated April 27, 2026). A Locked Cycle Test (LCT) is an industry-standard bench-scale test designed to simulate the steady-state conditions of a continuous flotation circuit by recycling intermediate streams back through the process in successive stages. Analyses of the two concentrates are given in Table 1. For brevity, only the analyses of potentially payable metals and deleterious elements are listed. Deleterious elements that can attract penalties in copper concentrate include arsenic, antimony, bismuth, lead + zinc, mercury, nickel + cobalt, fluorine + chlorine, cadmium, selenium + tellurium and insolubles (SiO2, Al2O3, MgO etc.). Deleterious elements in nickel concentrate include arsenic, lead, mercury, zinc, chlorine + fluorine and magnesia (MgO).For both the copper and nickel concentrates, all deleterious elements are well below the lower limits. Table 1. LCT -2 Copper and Nickel Concentrate Quality AssessmentAnalyteAnalytical MethodUnitCopper ConcentrateNickel ConcentratePotentially Payable Metals Ni4AD-ICP%0.6310.8Cu4AD-ICP%30.81.72Co4AD-ICP%0.0360.620Ag4AD-ICPg/t74.118.9AuFA-ICPg/t3.640.99PdFA-ICPg/t37.76.95PtFA-ICPg/t1.803.27Other Analytes As4AD-ICPppm1851Al2O3FUS-XRF/FUS-ICP%1.442.67Sb4AD-ICPppm2259Bi4AD-ICPppm4127Cd4AD-ICPppm50.315.6ClINAA%0.010.02CtotEltra%0.630.21FFUS-ISE%< 0.01< 0.01Fe4AD-ICP%29.9542.37Pb4AD-ICPppm12278P4AD-ICP%0.0030,002MgOFUS-XRF%0.741.59Hg1Gppb47137Mo4AD-ICPppm

NexMetals Intersects 11.15 Metres of Massive Sulphide Mineralization at Selebi Main in Drill Hole SMD-26-212-W1, Expanding the Flexure ZoneJune 1, 2026 7:00 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - June 1, 2026) - NexMetals Mining Corp. (TSXV: NEXM) (NASDAQ: NEXM) ("NEXM" or the "Company") is pleased to report visual results from drill holes SMD-26-210, 212-W1 and 213, part of its ongoing 30,000 metre surface drilling program targeting the emerging Flexure Zone ("Flexure Zone") at the Selebi Main deposit in Botswana (see Figure 1). The Flexure Zone is associated with the highest-amplitude borehole electromagnetic ("BHEM") anomalies identified to date at Selebi Main. Drill core photos from holes SMD-26-210, 212-W1, and 213 are presented in Figure 2. Drilling continues to intersect strong zones of sulphide mineralization outside of the 2024 Mineral Resource Estimate ("2024 MRE"), further supporting the scale, continuity, and expansion potential of the Selebi system.Highlights: What You Need to Know: Three New Intersections and Strong Visual Intercept from SMD-26-212-W1 All three holes intersected wide intervals of mineralization, including intervals of massive sulphides.Drill hole SMD-26-212-W1 intersected a 11.15 metre interval of massive sulphides.Holes that define the Flexure zone have a nominal spacing of 200 metres, demonstrating the size of this new zone.Assays are pending and will be reported once received and validated.What Does This Mean? Visual results from SMD-26-212-W1 are consistent with SMD-26-209 (10.4 Metres of 6.82% CuEq (3.09%Cu, 1.83%Ni), see news release dated May 7, 2026) and SMD-25-205 (11.05 metres of 7.31% CuEq (3.00% Cu, 2.09% Ni) see news release dated February 26, 2026), demonstrating expansion potential within the Flexure Zone, extending down-dip and down-plunge from Selebi Main.The presence of thick, continuous massive sulphide intervals in holes spaced more than 300 meters apart supports the Company's interpretation of a robust and laterally extensive mineralized system at Selebi Main.The combination of massive, semi-massive, net-textured and disseminated sulphides highlights the scale and continuity of the mineralized system and, when combined with BHEM targeting, suggests strong potential for further extensions.Sean Whiteford, CEO and Director of the Company, commented: "We are encouraged by the visual results from these latest drill holes as we continue advancing the program ahead of the updated Mineral Resource Estimate expected to be completed in the second half of 2026. The consistency of thick massive sulphide intersections across broad drill spacing, together with previously reported high-grade assay results, continues to support our view that the Flexure Zone represents a significant growth opportunity beyond the current Selebi Main resource. These intersections also continue to correlate with the strongest BHEM conductors identified to date at Selebi Main, highlighting the effectiveness of our targeting approach and the potential scale of the system."Figure 1: Long section of Selebi Mines highlighting drill holes SMD-26-210, 212-W1 and 213 locations relative to the 2024 MRE and the expansion of the Flexure Zone. The Inferred Resource reference in Figure 1 is presented in accordance with NI 43-101, which may not be identical to Inferred Resource references under SK-1300.To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7759/299572_bab003e364548a35_002full.jpgFigure 2: SMD-26-210, SMD-26-212-W1 and SMD-26-213 Core photos.To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7759/299572_nexmetals.jpgDetailed Drilling and BHEM Information SMD-26-210 was completed to 1716.6 metres and intersected 4.85 metres of mineralization from 1,681.50 to 1686.35 metres corresponding to the Main Zone. The zone includes a total of 3.65 metres of massive sulphides in two intervals including a 2.90 metre interval. This hole is a 225-metre northward step-out from SMD-25-205 and is located 190 metres down dip of historic drill hole sd123 and 300 metres up dip of SMD-26-213. SMD-26-212-W1 was completed to 1,636.2 metres and intersected two zones of mineralization starting at 1520.10 metres downhole, including a significant 11.15 metre interval of massive sulphides corresponding to the Main Zone. Separated by 7.3 metres of gneiss, is a second zone comprising a 4.45 metre interval of semi-massive, net-textured and disseminated sulphides, followed by 18.3 metres of disseminated sulphides, indicating a broad sulphide system. SMD-26-212-W1 is located 160 metres down-dip of SMD-22-007a, 180 metres up dip of SMD-26-208, and 185 metres along strike from SMD-022-008a. SMD-26-213 was completed to 1,989.3 metres and intersected several 2 to 2.5 metre intervals of massive sulphides alternating with thick intervals of disseminated sulphides, including a 1.75 metre interval of massive sulphides corresponding to the Main Zone and a 20.80 metre zone corresponding to the Lower Zone. SMD-26-213 is located 155 metres down-dip of SMD-25-201 and 150 metres up-dip of SMD-25-203. Details of the most significant mineralized intervals are shown in Table 1 and details of drillholes are provided in Table 2.To date, a total of 23,965 metres in 11 completed holes, 1 hole extension, 4 abandoned holes and 2 in-progress holes have been completed as part of the surface drilling program. Drill results are reported below in Table 1 and drill hole collar details are provided in Table 2.Table 1: 2025 Surface Drilling Results Hole-IDFrom
(m)To
(m)Length
(m)Est. True
Thickness1Vertical Depth5
(m)Cu
(%)Ni
(%)Co
(%)2ZoneCuEq
(%)3SMD-26-2101681.501686.354.854.801602Ap4Ap4Ap4Main ZoneAp4including1681.501684.402.902.851602Ap4Ap4Ap4Main ZoneAp4SMD-26-212-W11520.101531.2511.1511.151417Ap4Ap4Ap4Main ZoneAp4SMD-26-212-W11539.001556.0017.0017.001430Ap4Ap4Ap4Lower ZoneAp4SMD-26-2131888.851890.601.751.651821Ap4Ap4Ap4Main ZoneAp4SMD-26-2131919.101939.9020.8019.851849Ap4Ap4Ap4Lower ZoneAp4including1921.551928.106.556.251851Ap4Ap4Ap4Lower ZoneAp4 1Length refers to drillhole length and not true width. True widths are estimated where density of drilling is sufficient for an estimation. Some true widths cannot be estimated due to insufficient drill density.
2Co is not included in the MRE as cobalt analyses are not consistently available throughout the deposit.
3CuEq was calculated using the formula CuEq=Cu+2.06*Ni assuming long-term prices of US$10.50/lb Ni and US$4.75/lb Cu, and nickel and copper recoveries of 72.0% and 92.4%, respectively, derived from metallurgical studies which consider a conceptual bulk concentrate scenario.
4Assays pending.
5Vertical depth measured from surface to the top of the interval.Table 2: Surface Drilling Collar Information HOLE IDUTM EastUTM NorthElevationDipTrue North AzimuthHole LengthCommentSMD-26-210582807.47563850.3901.2-74.4115.21,717.6Surveyed collarSMD-26-212-W1582754.97563356.4903.5-72.1120.91,636.2Surveyed collarSMD-26-2135825207563780907-76.4110.71,989.3Planned coordinate Qualified PersonAll scientific and technical information in this news release has been reviewed and approved by Sharon Taylor, V.P. Exploration of the Company, MSc, P.Geo, and a "qualified person" for the purposes of National Instrument 43-101 and Subpart 1300 of Regulation S-K.Quality ControlThe program is being executed using three company-owned underground Zinex U5 drills which were converted into surface A5 drills, and two Marcotte HTM2500 drills purchased by the Company capable of drilling to depths of 2,550 metres (NQ core). Drill core samples are either NQ (47.75 mm diameter) or BQ (36.40 mm diameter). All samples are ½ core samples cut by a diamond saw on site and the remaining half of the core is retained for reference purposes. Samples are generally 1.0 to 1.5 metre intervals or less at the discretion of the site geologists. Sample preparation and lab analysis was completed at ALS Geochemistry in Johannesburg, South Africa. Commercially prepared Blank samples and certified Cu/Ni sulphide analytical control standards with a range of grades are inserted in every batch of 20 samples or a minimum of one set per sample batch. Analyses for Ni, Cu and Co are completed using a peroxide fusion preparation and ICP-AES finish (ME-ICP81). Analyses for Pt, Pd, and Au are by fire assay (30 grams nominal sample weight) with an ICP-AES finish (PGM-ICP23).Holes are numbered as follows: SMD (Selebi Main Deposit) + year + hole number starting at 201.BHEM SurveysThe BHEM surveys at Selebi utilize the Crone PEM system operated by local Botswana staff. Survey data is collected using a 3-component fluxgate probe collecting full waveform data. Surveys have been collected using timebases between 50 and 1000ms (0.25 Hz to 5 Hz). The data has been processed to a calculated residual step response to better quantify the conductive sources. This added processing has proven to be highly valuable because of the size of the highly conductive mineralized system.Technical ReportThe 2024 MRE on the Selebi Mines is supported by the technical report entitled "Technical Report, Selebi Mines, Central District, Republic of Botswana" dated September 20, 2024 (with an effective date of June 30, 2024) (the "Selebi Technical Report"), and the technical report summary entitled "S-K 1300 Technical Report Summary Selebi Mines, Central District, Republic of Botswana, Premium Resources Ltd." dated December 17, 2024 (with an effective date of June 30, 2024) (the "Selebi Technical Report Summary"), each prepared by SLR Consulting (Canada) Ltd. for NEXM. Reference should be made to the full text of the Selebi Technical Report, which was prepared in accordance with NI 43-101 and is available on SEDAR+ (www.sedarplus.ca) and the Selebi Technical Report Summary, which was prepared in accordance with Subpart 1300 of Regulation S-K and is available in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2025 filed with the U.S. Securities and Exchange Commission on EDGAR (www.sec.gov), in each case, under NEXM's issuer profile.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- and Regulation S-K 1300-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

NexMetals Announces Results of Annual General Meeting of ShareholdersMay 27, 2026 5:20 PM
NewsfileVancouver, British Columbia--(Newsfile Corp. - May 27, 2026) - NexMetals Mining Corp. (TSXV: NEXM) (NASDAQ: NEXM) (the "Company" or "NEXM") is pleased to announce the results of its 2026 Annual General Meeting of Shareholders (the "Meeting") held earlier today. All proposed resolutions, set out in the Company's notice of meeting and management information circular dated April 23, 2026, were approved.Shareholders elected Paul Martin (Chairman), Mark Christensen, Jason LeBlanc, Keith Marshall, Warwick Morley-Jepson, André van Niekerk, Philipa Varris and Sean Whiteford to the board of directors, each to hold office until the next annual meeting of shareholders or until their successors are duly elected or appointed. Shareholders further approved the re-appointment of MNP LLP as the Company's auditors for the ensuing year and approved the Company's Omnibus Equity Incentive Plan (the "Plan").Additional voting details will be provided in a Report of Voting Results to be filed by the Company on SEDAR+.Following the Meeting, an aggregate of 153,100 deferred share units ("DSUs") were granted to directors of the Company effective May 27, 2026 pursuant to the Plan. The DSUs have been granted at a deemed price of $4.55 per DSU, representing the 90-Day volume weighted average price of the Company's shares on the TSX Venture Exchange as of May 21, 2026. Of the total DSUs granted, 41,000 DSUs were granted in respect of director services provided from January 1, 2026 to May 27, 2026, with the remaining 112,100 DSUs granted in respect of director compensation for the 2026-2027 term commencing following the Meeting.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- and Regulation S-K 1300-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

NexMetals Expands the Selebi System Intersecting 10.40 Metres of 6.82% CuEq (3.09% Cu, 1.83% Ni) at Selebi Main, 320 Metres Beyond the 2024 MREMay 7, 2026 7:00 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - May 7, 2026) - NexMetals Mining Corp. (TSXV: NEXM) (NASDAQ: NEXM) ("NEXM" or the "Company") is pleased to report assay results from its surface drilling program at the Selebi Mines Project in Botswana, targeting the gap between the Selebi Main and North deposits and advancing resource expansion. The Selebi Mines Project comprises two deposits, Selebi Main and Selebi North, which host a combined Mineral Resource of 3.0 Mt at 2.92% CuEq (0.90% Cu and 0.98% Ni) Indicated and 24.7 Mt at 3.40% CuEq (1.50% Cu and 0.92% Ni) Inferred. Drilling has intersected mineralization 320 metres beyond the 2024 Mineral Resource Estimate ("2024 MRE"), confirming strong down-plunge continuity and highlighting the potential for additional mineralized horizons at depth at Selebi Main.What You Need to Know: Mineralization Expanded at Selebi MainSMD-26-209 intersected 10.40 Metres of 6.82% CuEq (3.09% Cu, 1.83% Ni), located 320 metres down-dip of the 2024 MRE.Results are consistent with SMD-25-205 (11.05 metres of 7.31% CuEq, see news release dated February 26, 2026), located 350 metres to the northeast, demonstrating expansion potential within the Flexure Zone, extending down-dip and down-plunge from Selebi Main.SMD-25-201 and SMD-25-203 tested the southern portion of the 2km gap between the Selebi Main and Selebi North deposits:SMD-25-201 intersected multiple intervals of massive sulphide mineralization (see news release dated January 20, 2026).SMD-25-203 intersected 16.10 metres of sulphide mineralization, located 385 metres down-plunge of SMD-25-201 and 620 metres beyond the 2024 MRE (see Table 1).Based on drilling results and borehole electromagnetic ("BHEM") data, follow-up drilling is now focused on a 200-metre spacing, with the goal of incorporating these new results into an updated MRE expected to be completed in the second half of 2026. SMD-26-208 intersected three mineralized horizons, including a lower zone with a thickness of 7.45 metres (see Table 1).Four holes are currently in progress at Selebi Main, with a fifth, Company-owned, drill rig recently added to accelerate the program.What Does This Mean Confirmation that the Selebi Main mineralization extends well beyond 2024 MRE boundaries.A third zone is emerging beneath the two known zones.The updated MRE is expected to have a significantly larger tonnage than the 2024 MRE, at both Selebi Main and Selebi North.Sean Whiteford, CEO of the Company, commented: "Drilling at Selebi Main continues to demonstrate strong continuity within the Flexure Zone, with mineralization now extending well beyond the limits of the 2024 MRE. Importantly, all holes reported today have returned grades and widths above the 2024 MRE cut-off, reinforcing the quality and consistency of the system as we expand both down-dip and down-plunge. With drilling now tightening to a 200-metre spacing and five rigs active, we are well positioned to support a meaningful increase in the next MRE."Figure 1: Long section of Selebi Main, current drill hole locations relative to the 2024 MRE and the Selebi North deposit. To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7759/296394_7d83821824586b2a_002full.jpgFigure 2: Selebi Main drill hole locations SMD-25-203, SMD-25-207, SMD-26-208 and SMD-26-209. Borehole electromagnetic plate geometry highlighting new mineralized horizons. To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7759/296394_7d83821824586b2a_003full.jpgTo date, a total of 22,061 metres in 8 completed holes, 1 hole extension, 4 abandoned holes and 4 in-progress holes have been completed as part of the surface drilling program. Assay results for SMD-25-203, SMD-25-207, SMD-25-208 and SMD-25-209 are reported below in Table 1 and drill hole collar details are provided in Table 2.Table 1: 2025 Surface Drilling Results Hole-IDFrom
(m)To
(m)Length
(m)Est. True
Thickness1Cu
(%)Ni
(%)Co
(%)2ZoneCuEq
(%)3SMD-25-2031928.651944.7516.1015.90.760.500.02Main Zone1.78including1928.651942.1513.5013.30.860.560.02Main Zone2.02including1932.501942.159.659.51.100.550.02Main Zone2.22including1937.401942.154.754.71.420.810.03Main Zone3.09SMD-25-2031964.401965.451.050.951.641.920.09Lower Zone5.58SMD-25-2031968.201969.201.000.900.831.840.02Lower Zone4.62SMD-25-2071644.901645.300.400.370.171.880.12Main Zone4.05SMD-25-2071661.851663.701.851.701.220.580.02Lower Zone2.42including1661.851662.350.500.481.020.960.04Lower Zone3.00SMD-26-2081581.301585.003.703.551.951.320.06Main Zone4.66including1581.301583.402.102.012.502.130.09Main Zone6.89SMD-26-2081589.551590.551.000.850.941.530.06Main Zone4.10SMD-26-2081611.901616.704.804.701.230.540.02Lower Zone2.34including1614.401616.251.851.811.091.110.05Lower Zone3.38SMD-26-2081628.901636.357.457.350.670.670.03Lower Zone 22.05SMD-26-2091768.551778.9510.4010.303.091.830.08Main Zone6.82including1768.551772.203.653.613.451.790.08Main Zone7.72and1773.051778.955.905.843.272.070.09Main Zone7.21 1Length refers to drillhole length and not true width. True widths are estimated where density of drilling is sufficient for an estimation. Some true widths cannot be estimated due to insufficient drill density.
2Co is not included in the MRE as cobalt analyses are not consistently available throughout the deposit.
3CuEq was calculated using the formula CuEq=Cu+2.06*Ni assuming long-term prices of US$10.50/lb Ni and US$4.75/lb Cu, and nickel and copper recoveries of 72.0% and 92.4%, respectively, derived from metallurgical studies which consider a conceptual bulk concentrate scenario.Table 2: 2025 Surface Drilling Collar Information HOLE IDUTM EastUTM NorthElevationDipTrue North
AzimuthHole LengthSMD-25-203582550.87564012.8905.8-78.1112.12,010.4SMD-25-207582644.07563223.9905.4-81.2108.21,739.6SMD-25-208582752.17563358.1903.6-78.7111.01678.2SMD-25-209582465.37563469.4908.0-74.7100.21861.9 Detailed Drilling and BHEM Information SMD-25-203, a 385-metre down-plunge step-out from SMD-25-201, intersected multiple intervals of massive sulphides mineralization over 16.1 metres.SMD-25-207, SMD-26-208 and SMD-26-209 were drilled at a 200-metre spacing to allow for the expansion of the Inferred Resource.Qualified PersonAll scientific and technical information in this news release has been reviewed and approved by Sharon Taylor, VP Exploration of the Company, MSc, P.Geo, and a "qualified person" for the purposes of National Instrument 43-101 and Subpart 1300 of Regulation S-K. Sharon Taylor has verified the data disclosed in this news release, including the sampling, analytical and test data underlying the disclosure, through multiple visits to drill sites and sample preparation facilities, assessment and oversight of sample preparation protocols, and review of the QA/QC procedures applied to analytical results received from ALS Chemex. No limitations or failures to verify were identified that could materially affect the results.Quality ControlThe program is being executed using three company-owned underground Zinex U5 drills which were converted into surface A5 drills, and two Marcotte HTM2500s drill purchased by the Company capable of drilling to depths of 2,550 metres (NQ core). Drill core samples are either NQ (47.75 mm diameter) or BQ (36.40 mm diameter). All samples are ½ core samples cut by a diamond saw on site and the remaining half of the core is retained for reference purposes. Samples are generally 1.0 to 1.5 metre intervals or less at the discretion of the site geologists. Sample preparation and lab analysis was completed at ALS Geochemistry in Johannesburg, South Africa. Commercially prepared Blank samples and certified Cu/Ni sulphide analytical control standards with a range of grades are inserted in every batch of 20 samples or a minimum of one set per sample batch. Analyses for Ni, Cu and Co are completed using a peroxide fusion preparation and ICP-AES finish (ME-ICP81). Analyses for Pt, Pd, and Au are by fire assay (30 grams nominal sample weight) with an ICP-AES finish (PGM-ICP23).Holes are numbered as follows: SMD (Selebi Main Deposit) + year + hole number starting at 201.BHEM SurveysThe BHEM surveys at Selebi utilize the Crone PEM system operated by local Batswana staff. Survey data is collected using a 3-component fluxgate probe collecting full waveform data. Surveys have been collected using timebases between 50 and 1000ms (0.25 Hz to 5 Hz). The data has been processed to a calculated residual step response to better quantify the conductive sources. This added processing has proven to be highly valuable because of the size of the highly conductive mineralized system.Technical ReportThe 2024 MRE on the Selebi Mines is supported by the technical report entitled "Technical Report, Selebi Mines, Central District, Republic of Botswana" dated September 20, 2024 (with an effective date of June 30, 2024) (the "Selebi Technical Report"), and the technical report summary entitled "S-K 1300 Technical Report Summary Selebi Mines, Central District, Republic of Botswana, Premium Resources Ltd." dated December 17, 2024 (with an effective date of June 30, 2024) (the "Selebi Technical Report Summary"), each prepared by SLR Consulting (Canada) Ltd. for NEXM. Reference should be made to the full text of the Selebi Technical Report, which was prepared in accordance with NI 43-101 and is available on SEDAR+ (www.sedarplus.ca) and the Selebi Technical Report Summary, which was prepared in accordance with Subpart 1300 of Regulation S-K and is available in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2025 filed with the U.S. Securities and Exchange Commission on EDGAR (www.sec.gov), in each case, under NEXM's issuer profile.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- and Regulation S-K 1300-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

NexMetals Reports Metallurgical Results Confirming Separate High Grade Saleable Cu-Ni-PGE Concentrates and Demonstrating Improved Recoveries at SelkirkApril 27, 2026 7:00 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - April 27, 2026) - NexMetals Mining Corp. (TSXV: NEXM) (NASDAQ: NEXM) (the "Company" or "NEXM") is pleased to provide an update on ongoing metallurgical work at its Selkirk Project ("Selkirk") in Botswana. Selkirk is a past-producing, advanced-stage nickel-copper-platinum group elements ("PGEs") project supported by multiple historical economic studies for open pit extraction.Highlights, What This Means: Validated Processing Pathway: Initial Locked Cycle Tests ("LCT") results using large diameter core from the 2025 drill program confirm the ability to produce separate copper and nickel concentrates, supporting a viable alternative to historical bulk concentrate production.Strong Metallurgical Results: Copper concentrate achieved 81% recovery at a high 30.2% Cu grade with minimal Ni content (0.62%), while nickel concentrate delivered 10.9% Ni at 54.4% recovery. When compared to the concentrate parameters used in the 2024 Mineral Resource Estimate (the "2024 MRE"):Copper recovery in copper concentrate increased 16%, from 70.0% to 81.3%Copper losses to tailings cut by 56%, from 26.2% to 11.4%Nickel concentrate grade jumped 60%, from 6.8% to 10.9%Copper concentrate grade held firm at ~30%Gold, Silver and Cobalt are expected to be payable in the Copper and Nickel concentrates respectivelyUnlocking Additional Value: PGEs, along with gold, cobalt and silver, which were not comprehensively assayed historically, are now being evaluated, with silver and cobalt being assessed for the first time. These additional metals have the potential to provide meaningful incremental upside to overall project economics.Advancing Toward the Updated MRE (the "New MRE"): With recent re-sampling complete (see news release dated March 19, 2026), the New MRE for Selkirk, which will include the LCT results, is underway with completion expected in Q2 2026. Next StepsComplete additional flowsheet development testwork to further improve recoveries and concentrate quality Integrate metallurgical and re-assay results into the New MRESean Whiteford, CEO of the Company, commented: "Selkirk is an advanced, past-producing asset that we believe remains underappreciated, and hence undervalued, in today's market. These metallurgical results announced today mark a major step toward unlocking that value.We are seeing strong step-changes across key metrics compared to the 2024 MRE: copper recovery has increased to over 81%, nickel concentrate grade has increased to 10.9%, and total palladium recovery has increased to 78% from 59%. At the same time, copper losses to tailings have been cut by more than half, highlighting the efficiency of the process.Beyond the core metals, this work is also uncovering additional value from metals that were not comprehensively assayed in historical datasets, including PGEs, cobalt and silver which have the potential to provide meaningful incremental upside to overall project economics. Combined with strong resource continuity and expansion potential, we believe Selkirk is increasingly emerging as a compelling development opportunity, all in the context of rising commodity prices.Upon completion of the New MRE, the Company expects to be positioned to evaluate a range of commercial options for Selkirk, which could include options such as potential partnerships, a spin-out, or advancement toward an economic study, building on ongoing value creation and defining a clear pathway to realizing full value for shareholders."Results of the Selkirk LCT are summarized in Table 1 below.Table 1: 2026 LCT Metallurgical Results - Blue Coast Research with Large Diameter HQ Core2026 Blue Coast Research with Large Diameter HQ CoreProductAssaysRecoveries (%)Mass %Cu
%Ni
%Pt
(g/t)Pd (g/t)Au (g/t)Ag (g/t)Co (%)CuNiPtPdAuAgCoCalculated Head Grade1000.260.240.090.420.041.260.01100.0Cu Cleaner 3 Conc0.7030.20.621.9136.23.078.70.0481.31.815.060.153.143.51.8Ni Cleaner 3 Conc1.211.5410.93.056.260.6218.60.617.254.441.318.019.017.753.2Total Expected Payable
31.610.94.9642.33.0096.30.6188.554.456.378.153.161.253.2Total Loss in 
Tails98.1

-



11.443.834.216.127.938.845 *Payabilities based on industry standardsTable 2: 2024 MRE Inputs 2024 MRE InputsProductAssaysRecoveries (%)Mass %Cu %Ni %Pt (g/t)Pd (g/t)CuNiPtPdCalculated Head Grade100.00.380.300.140.62100.0Cu Conc0.9930.00.343.1631.4770.01.020.045.0Ni Conc2.940.556.82.063.283.860.039.014.0Total Loss in Tails96.07----26.2394141 Prior to the acquisition of Selkirk, concept level metallurgical studies were completed to confirm that saleable concentrates could be produced (see news release dated August 24, 2022). This was a necessary step because previous economic studies were designed to produce a low-grade bulk concentrate and use the BCL smelter in Selebi Phikwe for beneficiation. Additional work was completed in 2023, with these later results used in the 2024 MRE (see the 2025 Technical Report and Table 2). This new phase of flotation testwork at BCR Laboratories, using HQ (63.5 mm diameter) drill core from the 2025 program, has built on these results (see Table 1).A Locked Cycle Test (LCT) is an industry-standard bench-scale test designed to simulate the steady-state conditions of a continuous flotation circuit by recycling intermediate streams - such as cleaner tailings and middlings — back through the process in successive stages. Initial LCT results from recent flotation work confirm the ability to produce separate copper and nickel concentrates, representing a key step in establishing a revised flowsheet and further de-risking Selkirk as it advances toward a potentially accelerated path to production. Additional PGEs are now being included in the deposit model with the resampling of 17 holes in 2024 and 34 holes in 2025.Technical Details Approximately 700 kg of fresh diamond drill core was collected from the Selkirk mineralized zone. Sampling targeted a range of nickel tenors and provided broad spatial representation across the deposit. Three tenor-based samples were subsequently blended to produce a master composite representative of grades anticipated in the early years of a preliminary mine plan. This composite formed the basis for metallurgical testwork. The resulting feed grade averaged 0.26% Cu, 0.24% Ni, 0.08 g/t Pt, 0.39 g/t Pd, 0.04 g/t Au, 1.26 g/t Ag and 0.01% Co.Metallurgical testwork was conducted by Blue Coast Research of Parksville, British Columbia, to evaluate processing performance of the Selkirk material. Results demonstrate that a conventional sequential flotation flowsheet can effectively generate separate, high-quality copper and nickel concentrates, while maintaining target concentrate grades and achieving strong overall metal recoveries.At a primary grind size of 91 µm P80, followed by copper regrinding to 14 µm P80 and three stages of cleaning, a copper concentrate grading 30.2% Cu was produced, with payable precious metal credits of 1.91 g/t Pt, 36.2 g/t Pd, 3.0 g/t Au and 78.7 g/t Ag. Recoveries to the copper concentrate were 81.3% Cu, 15% Pt, 60.1% Pd, 53.1% Au and 43.5% Ag. Nickel misplacement to the copper concentrate remained low at 0.62% Ni.The downstream nickel circuit, incorporating regrinding to 31 µm P80 and three stages of cleaning, produced a nickel concentrate grading 10.9% Ni, with associated grades of 3.05 g/t Pt and 6.26 g/t Pd, 18.6 g/t Ag and 0.61% Co. Recoveries to the nickel concentrate were 54.5% Ni, 41.3% Pt, 18.0% Pd, 17.7% Ag and 53.2% Co.Next steps include obtaining full concentrate specifications to confirm product quality and assess the presence of any deleterious elements. In addition, mineralogical investigations will be carried out on the nickel cleaner 1 and rougher tailings to better define nickel deportment and liberation characteristics. These results will inform targeted flotation optimization strategies aimed at improving overall nickel recovery.The current test program is considered appropriate to support a future Preliminary Economic Study. Further optimization and variability testing are planned to refine process parameters, inform mine sequencing, and support evaluation of a potential project restart.Re-Assaying and Resource UpsideIn parallel, the Company completed its re-assaying and resampling program, the results of which were announced in a press release dated March 19, 2026, which confirmed strong grade continuity across the Selkirk system and identified areas of potential resource expansion. These results, together with the ongoing metallurgical program, are expected to support the New to the MRE for Selkirk and further strengthen the development case for Selkirk.Qualified PersonAll scientific and technical information in this news release has been reviewed and approved by Renee Goold, P. Eng. of Fuse Advisors and Sharon Taylor, VP Geophysics of the Company, MSc, P.Geo, and a "qualified person" for the purposes of National Instrument 43-101 and Subpart 1300 of Regulation S-K. Sharon Taylor has verified the data collection disclosed in this news release, including the sampling, analytical and test data underlying the disclosure, through multiple visits to drill sites and sample preparation facilities, assessment and oversight of sample preparation protocols, and review of the QA/QC procedures applied to analytical results received from ALS Chemex. No limitations or failures to verify were identified that could materially affect the results. Renee Goold has verified the metallurgical results through multiple visits to Blue Coast Research and oversight of the test sample preparation and test protocols. Technical ReportThe 2024 MRE on the Selkirk Mine is supported by the Technical Reports entitled "NI 43-101 Technical Report Selkirk Nickel Project, North East District, Republic of Botswana", dated January 8, 2025 (with an effective date of November 1, 2024 (the "2025 Technical Report")), and "NI 43-101 Technical Report, Selkirk Nickel Project, Northeast District, Republic of Botswana" dated April 12, 2023 (with an effective date of March 31, 2023 (the "2023 Technical Report", and together with the 2025 Technical Report, the "Technical Reports")) and the Technical Report Summary entitled "S-K 1300 Technical Report Summary, Selkirk Nickel Project, North East District, Republic of Botswana", dated January 8, 2025 (with an effective date of November 1, 2024 (the "Technical Report Summary")). Reference should be made to the full text of the Technical Reports for the assumptions, qualifications and limitations set forth therein, which were prepared in accordance with NI 43-101 and copies of which are available on SEDAR+ (www.sedarplus.ca), and the Technical Report Summary, which was prepared in accordance with Subpart 1300 of Regulation S-K and is available in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2025 filed with the U.S. Securities and Exchange Commission (the "SEC") on EDGAR (www.sec.gov), in each case, under the Company's issuer profile.Quality ControlThe Selkirk metallurgical drill program was completed by Discovery Drilling using a Boyles 56 machine. Drill core samples are HQ (63.5 mm diameter) that were sawn in half with one half sawn in half again to produce quartered core. Selected portions of the remaining core were sent to Blue Coast Research for metallurgical flotation studies with the reminder retained for reference purposes. The quartered core samples submitted to the lab were generally 1 metre in length. Sample preparation and lab analysis was completed at ALS Chemex in Johannesburg, South Africa. Commercially prepared blank samples and certified Cu/Ni sulphide analytical control standards with a range of grades are inserted in every batch of 20 samples or a minimum of one set per sample batch. Analyses for Ni, Cu and Co are completed using a peroxide fusion preparation and ICP-AES finish (ME-ICP81). Analyses for Pt, Pd, and Au are by fire assay (30 grams nominal sample weight) with an ICP-AES finish (PGM-ICP23). Blue Coast Research and SGS Minerals Lakefield are accredited to the requirements of ISO/IEC 17025 for specific tests as listed on their scope of accreditation, including geochemical, mineralogical, and trade mineral tests. 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- and Regulation S-K 1300-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

NexMetals Announces Board of Directors' Nominees for Its Upcoming Annual General Meeting of ShareholdersApril 9, 2026 5:00 PM
NewsfileVancouver, British Columbia--(Newsfile Corp. - April 9, 2026) - NexMetals Mining Corp. (TSXV: NEXM) (NASDAQ: NEXM) (the "Company" or "NEXM") is pleased to announce that Mr. Keith Marshall has agreed to stand for election to the Company's board of directors (the "Board") at the annual general meeting of shareholders to be held on May 27, 2026 (the "AGM").Mr. Marshall is a mining engineer with over 45 years in the sector, the last 25 years of which were in senior leadership roles. Keith has developed a wealth of managerial and technical experience in all aspects of underground mining and operations. Mr. Marshall's last two operational roles were both with Rio Tinto, with whom he worked for 22 years, as Managing Director of the Palabora Mining Company in South Africa and as President of the Oyu Tolgoi Project in Mongolia. Mr. Marshall holds a mining engineering degree from the Royal School of Mines at Imperial College London.Following the AGM, the Board intends to appoint Mr. Marshall to the Board's Safety, Sustainability and Technical Committee ("SSTC") which will be comprised of Co-Chairs Mr. Warwick Morley-Jepson and Ms. Philipa Varris, along with Mr. Marshall.The Company also announces that Mr. Chris Leavy and Mr. James Gowans have advised the Board that they will not be standing for re-election at the AGM."We are pleased that Keith has agreed to stand for election to the Board," said Paul Martin, Chairman of the Board. "Keith will bring significant operational and technical experience to the Company at a time when the Selebi and Selkirk projects are advancing from primarily an exploration focus to the pre-development studies stage. His mining background and experience will be extremely beneficial to the Company. I would also like to thank Jim and Chris for their counsel and guidance during their respective periods on the Board."The remaining seven nominees are currently members of the Board, being Paul Martin, Mark Christensen, Jason LeBlanc, Warwick Morley-Jepson, André van Niekerk, Philipa Varris and Sean Whiteford.Additional details regarding the nominees will be set out in the Company's management information circular to be mailed to shareholders in connection with the AGM in the coming weeks. A copy of the management information circular will be available under the Company's SEDAR+ profile at www.sedarplus.ca. Equity Incentive GrantsIn connection with the engagement of NH IR Advisory Corp. ("NH IR") to provide investor relations and strategic advisory services (see news release dated March 19, 2026), the Company has granted Nisha Hasan, NH IR's Principal, 44,800 incentive stock options to purchase common shares of the Company (the "Options"). The Options are exercisable for a period of five years at an exercise price of $3.30, representing the closing price of the common shares on the TSX Venture Exchange ("TSVX") on the date prior to the date of grant (April 8, 2026). The Options will vest over a twelve-month period, with one-quarter vesting every three months 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- and Regulation S-K 1300-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, or
Nisha Hasan, Investor Relations

NexMetals Reports Final Drill Results from Its 2025 Selebi North Underground Program; Confirms High-Grade Continuity with 18.80 Metres of 4.69% CuEq (2.10% Cu and 1.26% Ni)April 1, 2026 7:00 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - April 1, 2026) - NexMetals Mining Corp. (TSXV: NEXM) (NASDAQ: NEXM) (the "Company" or "NEXM") is pleased to report assay results from the final three drill holes of its completed 2025 Selebi North Underground ("SNUG") deposit drilling program (see Figures 1 and 2). The program, which comprised of 9,656 metres in 11 completed holes and 6 abandoned holes, was designed to support resource expansion specifically, the down plunge and strike continuity of mineralization in the South Limb and down plunge extent of N3 (see Figure 1). The program has been successfully completed, with results confirming the continuity of high-grade mineralization along key target zones.Highlights SNUG-25-197: 18.80 metres of 4.69% CuEq (2.10% Cu, 1.26% Ni)including: 6.45 metres of 5.67% CuEq (2.25% Cu, 1.66% Ni)Drilling continues to reinforce confidence in the scale and continuity of the SNUG deposit, with recent step-out results complementing previously reported thick, continuous high-grade intervals, supporting the potential to rapidly add tonnage to the updated Mineral Resource Estimate ("MRE").The 2025 SNUG drilling program extended the footprint of the South Limb mineralization approximately 315 metres down-plunge beyond the 2024 MRE, expanding South Limb by roughly 35% (see news release dated August 13, 2025).Deepest holes indicate improving copper grades down-plunge.Next StepsThe surface drilling program is continuing at the Selebi Main Deposit, with four rigs targeting the emerging Flexure Zone, where recent results indicate thick intervals of massive sulphide mineralization.Incorporation of 2023-2025 Selebi North and 2026 Selebi Main drill holes into an updated MRE that incorporates the updated metallurgical test work results.Sean Whiteford, CEO of the Company, commented: "The 2025 Selebi North underground program has been highly successful, with these results demonstrating the continuity and scale that remain at the deposit, particularly along the down-plunge extension of the South Limb. Drilling is also confirming increasing copper grades at depth, with high-grade intervals consistently encountered within broader mineralized zones. At the same time, ongoing drilling at Selebi Main is consistently intersecting thick intervals of mineralization, reinforcing that the system remains open and continues to grow. Together, these results provide increased confidence in the overall scale of the Selebi system and will be key inputs into our updated MRE and PEA."Figure 1: Location of 2025 drill holes relative to the 2024 MRE and underground infrastructure.To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7759/290762_79163a0cc4ebf8c3_002full.jpgFigure 2: Selebi North and Selebi Main deposits showing the 2024 MRE, with 2025 underground drilling at Selebi North expanding mineralization along the South Limb and ongoing surface drilling at Selebi Main targeting the emerging Flexure Zone.To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7759/290762_79163a0cc4ebf8c3_003full.jpgAssay results for the three final holes are reported below in Table 1 and drill hole collar details are provided in Table 2. SNUG-25-197 and SNUG-25-199 were step-out holes to test South Limb mineralization continuity down dip and along strike, and this drilling was required for the updated MRE. Both holes intersected South Limb mineralization outside the thick zone of mineralization in the fold nose. SNUG-25-200 targeted down plunge extent of N3 and intersected narrow intervals of sulphides, confirming the fold structure continues to depth beyond the extent of the 2024 MRE.The various mineralized zones have been historically mined and subsequently named N2 Limb, N3 Limb and South Limb to demarcate their location on the folded mineralized horizon. Additional drilling is needed to properly determine true width of mineralization on each limb and define the folded mineralization.Table 1: Assay Results Selebi North Deposit Hole-IDFrom
(m)To
(m)Length
(m)Cu
(%)Ni
(%)Co
(%)2ZoneCuEq
(%)3SNUG-25-197724.65743.4518.802.101.260.06South4.69incl.724.65734.409.752.381.210.06South4.88incl.737.00743.456.452.251.660.08South5.67SNUG-25-199536.20539.403.200.471.130.06South2.79SNUG-25-200373.90375.551.650.651.910.12N3 FH4.58SNUG-25-200633.30634.651.350.670.270.01N31.22 1Length refers to drillhole length and not true width. True widths are estimated where density of drilling is sufficient for
an estimation. Some true widths cannot be estimated due to insufficient drill density in the folded mineralized horizon.
2Co is not included in the 2024 MRE as cobalt analyses are not consistently available throughout the deposit.
3CuEq was calculated using the formula CuEq=Cu+2.06*Ni assuming long-term prices of US$10.50/lb Ni and US$4.75/lb Cu, and nickel and copper recoveries of 72.0% and 92.4%, respectively, derived from metallurgical studies which consider a conceptual bulk concentrate scenario.Table 2: Drill Collar Information Selebi North Deposit HOLE IDMine EastMine NorthElevationDipMine
AzimuthHole LengthCommentSNUG-25-19735367.484410.181.2-59.0160.8835.5Rig #2 810mL P5SNUG-25-19935367.484410.281.2-69.2170.2602.5Rig #2 810mL P5SNUG-25-20035091.884546.6-42.0-59.2230.3740.3Rig #2 925mL P8 Qualified PersonAll scientific and technical information in this news release has been reviewed and approved by Sharon Taylor, VP Exploration of the Company, MSc, P.Geo, and a "qualified person" for the purposes of National Instrument 43-101 and Subpart 1300 of Regulation S-K. Sharon Taylor has verified the data disclosed in this news release, including the sampling, analytical and test data underlying the disclosure, through multiple visits to drill sites and sample preparation facilities, assessment and oversight of sample preparation protocols, and review of the QA/QC procedures applied to analytical results received from ALS Chemex. No limitations or failures to verify were identified that could materially affect the results.Quality ControlThe drill program was completed using a company owned Zinex U5 drill. Drill core samples are BQTK (40.7 mm diameter). All samples are ½ core cut by a diamond saw on site. Half of the core is retained for reference purposes. Samples are generally 1.0 to 1.5 metre intervals or less at the discretion of the site geologists. Sample preparation and lab analysis was completed at ALS Chemex in Johannesburg, South Africa. Commercially prepared blank samples and certified Cu/Ni sulphide analytical control standards with a range of grades are inserted in every batch of 20 samples or a minimum of one set per sample batch. Analyses for Ni, Cu and Co are completed using a peroxide fusion preparation and ICP-AES finish (ME-ICP81).Holes are numbered as follows: SNUG (Selebi North Underground) + year + hole number starting at 013. Technical ReportThe 2024 MRE on the Selebi Mines is supported by the technical report entitled "Technical Report, Selebi Mines, Central District, Republic of Botswana" dated September 20, 2024 (with an effective date of June 30, 2024) (the "Selebi Technical Report"),and the technical report summary entitled "S-K 1300 Technical Report Summary Selebi Mines, Central District, Republic of Botswana, Premium Resources Ltd." dated December 17, 2024 (with an effective date of June 30, 2024) (the "Selebi Technical Report Summary"), each prepared by SLR Consulting (Canada) Ltd. for NEXM. Reference should be made to the full text of the Selebi Technical Report, which was prepared in accordance with NI 43-101 and is available on SEDAR+ (www.sedarplus.ca) and the Selebi Technical Report Summary, which was prepared in accordance with Subpart 1300 of Regulation S-K and is available in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2025 filed with the U.S. Securities and Exchange Commission (the "SEC") on EDGAR (www.sec.gov), in each case, under NEXM's issuer profile.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- and Regulation S-K 1300-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

Posted on behalf of NexMetals Mining Corp. - Today, NexMetals Mining (NEXM.v NEXM) reported a 10.5m sulphide intercept which extends mineralization beyond Selebi's 2024 copper-nickel-PGM resource. Assays are pending and more drilling is in progress to further delineate the emerging Flexure Zone. Full news here: https://nexmetalsmining.com/investors/news-releases/nexmetals-intersects-10-50-metres-of-sulphide-mineralization-at-selebi-main-in-drill-hole-smd-26-209-expanding-the-flexure-zone/

NexMetals Intersects 10.50 Metres of Sulphide Mineralization at Selebi Main in Drill Hole SMD-26-209, Expanding the Flexure ZoneMarch 26, 2026 7:00 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - March 26, 2026) - NexMetals Mining Corp. (TSXV: NEXM) (NASDAQ: NEXM) ("NEXM" or the "Company") is pleased to report visual results from drill hole SMD-26-209, part of its ongoing surface drilling program targeting the emerging Flexure Zone ("Flexure Zone") at the Selebi Main deposit in Botswana (see Figure 1). Drill core photos from hole SMD-26-209 are presented in Figure 2. Drilling continues to intersect strong zones of sulphide mineralization outside of the 2024 Mineral Resource Estimate ("2024 MRE"), reinforcing the scale and continuity of the Selebi system.Highlights: What You Need to Know: Strong Visual Intercept from SMD-26-209 Drill hole SMD-26-209 intersected a 10.50 metre interval of blebby, stringer and massive sulphides, including:3.05 metres of massive sulphides; and5.95 metres of massive sulphidesAssays are pending and will be reported once received and validated.What Does This Mean? Visual results from SMD-26-209 are consistent with SMD-25-205 (11.05 metres of 7.31% CuEq, see news release dated February 26, 2026), located 350 meters to the northeast, demonstrating expansion potential within the Flexure Zone, extending down-dip and down-plunge from Selebi Main.The presence of thick, continuous massive sulphide intervals in holes spaced more than 300 meters apart supports the Company's interpretation of a robust and laterally extensive mineralized system at Selebi Main.The combination of massive, blebby and stringer sulphides indicate a strong sulphide system with potential for scale, particularly when integrated with ongoing borehole electromagnetic ("BHEM") targeting.Sean Whiteford, CEO and Director of the Company, commented: "Hole SMD-26-209 continues to demonstrate thick intervals of massive sulphide mineralization beyond the current mineral resource footprint. Step-out drilling within the emerging Flexure Zone is not only highlighting expansion potential, but also validating our BHEM targeting, with mineralization consistently intersected where modeled. These results point to potential for increased thickness at depth, which could have positive implications for project economics. With several additional holes in progress targeting this zone, we look forward to further defining the extent and characteristics of the Flexure Zone. The visual results alone highlight the strength of the system, and we look forward to validating these observations with assays."Figure 1: Long section of Selebi Mines highlighting drill hole SMD-26-209 location relative to the 2024 MRE and the expansion of the Flexure Zone. The Inferred Resource reference in Figure 1 is presented in accordance with NI 43-101, which may not be identical to Inferred Resource references under SK-1300.To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7759/289999_e669a65f640178d7_002full.jpgFigure 2: SMD-26-209 Core photos.To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7759/289999_e669a65f640178d7_003full.jpgDetailed Drilling and BHEM Information SMD-26-209 was completed to 1,861.9 metres and intersected a 10.5 metre interval of mineralization from 1,768.65 metres to 1,779.15 metres. The mineralized zone is comprised of blebby, stringer and massive sulphides and includes two intervals of massive sulphides with thicknesses of 3.05 metres and 5.95 metres. The mineralized interval is characterized by pyrrhotite-rich massive sulphides with visible chalcopyrite, along with magnetite and minor amphibolite inclusions. SMD-26-209 is the most recent Selebi Main Expansion drillhole that defines the newly emerging "Flexure Zone". SMD-26-209 is located 350 metres UTM southwest of SMD-25-205 (11.05 metres of 7.31% CuEq, 3.00% Cu and 2.09% Ni) and 345 metres UTM northwest of SMD-26-208 that intersected three zones of sulphide mineralization (see news release dated February 26, 2026).This Flexure Zone is located down-dip and down plunge of the 2024 MRE and was discovered by the follow-up of drilling and BHEM results in SMD-25-201 and subsequent drill holes. SMD-25-201 was the first hole that targeted large BHEM plates at the southernmost extent of the gap between the Selebi Main and Selebi North deposits (see news release dated February 26, 2026). To date, a total of 19,130 metres in 8 completed holes, 1 hole extension, 3 abandoned holes and 3 in-progress holes have been completed as part of the surface drilling program. Drill hole collar details are provided in Table 1 below.Table 1: 2026 Surface Drilling Collar Information HOLE IDUTM EastUTM NorthElevationDipTrue North AzimuthHole LengthSMD-26-209582465.37563469.4908.0-74.5100.21861.9 Qualified PersonAll scientific and technical information in this news release has been reviewed and approved by Sharon Taylor, V.P. Exploration of the Company, MSc, P.Geo, and a "qualified person" for the purposes of National Instrument 43-101 and Subpart 1300 of Regulation S-K.Quality ControlThe program is being executed using three company-owned underground Zinex U5 drills which were converted into surface A5 drills, and a Marcotte HTM2500 drill purchased by the Company capable of drilling to depths of 2,550 metres (NQ core). Drill core samples are either NQ (47.75 mm diameter) or BQ (36.40 mm diameter). All samples are ½ core samples cut by a diamond saw on site and the remaining half of the core is retained for reference purposes. Samples are generally 1.0 to 1.5 metre intervals or less at the discretion of the site geologists. Sample preparation and lab analysis was completed at ALS Geochemistry in Johannesburg, South Africa. Commercially prepared Blank samples and certified Cu/Ni sulphide analytical control standards with a range of grades are inserted in every batch of 20 samples or a minimum of one set per sample batch. Analyses for Ni, Cu and Co are completed using a peroxide fusion preparation and ICP-AES finish (ME-ICP81). Analyses for Pt, Pd, and Au are by fire assay (30 grams nominal sample weight) with an ICP-AES finish (PGM-ICP23).Holes are numbered as follows: SMD (Selebi Main Deposit) + year + hole number starting at 201.BHEM SurveysThe BHEM surveys at Selebi utilize the Crone PEM system operated by local Botswana staff. Survey data is collected using a 3-component fluxgate probe collecting full waveform data. Surveys have been collected using timebases between 50 and 1000ms (0.25 Hz to 5 Hz). The data has been processed to a calculated residual step response to better quantify the conductive sources. This added processing has proven to be highly valuable because of the size of the highly conductive mineralized system.Technical ReportThe 2024 MRE on the Selebi Mines is supported by the technical report entitled "Technical Report, Selebi Mines, Central District, Republic of Botswana" dated September 20, 2024 (with an effective date of June 30, 2024) (the "Selebi Technical Report"), and the technical report summary entitled "S-K 1300 Technical Report Summary Selebi Mines, Central District, Republic of Botswana, Premium Resources Ltd." dated December 17, 2024 (with an effective date of June 30, 2024) (the "Selebi Technical Report Summary"), each prepared by SLR Consulting (Canada) Ltd. for NEXM. Reference should be made to the full text of the Selebi Technical Report, which was prepared in accordance with NI 43-101 and is available on SEDAR+ (www.sedarplus.ca) and the Selebi Technical Report Summary, which was prepared in accordance with Subpart 1300 of Regulation S-K and is available in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2025 filed with the U.S. Securities and Exchange Commission (the "SEC") on EDGAR (www.sec.gov), in each case, under NEXM's issuer profile.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- and Regulation S-K 1300-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 and Director

Posted on behalf of NexMetals Mining Corp. - NEXM.v recently announced assay results from resource gap hole DSLK-25-012 and from the remaining 28 holes of its 34-hole resampling program at the past-producing Copper Nickel Cobalt Platinum Group Elements ("Cu-Ni-Co-PGE") Selkirk Mine in Botswana.

Wide intervals of Cu-Ni-Co-PGE mineralization exceeding the current resource cut off grade of 0.46% CuEq were mapped outside the 2024 MRE and within the conceptual pit shell. This data will be incorporated into the updated MRE expected in Q2 2026.

Sean Whiteford, CEO of the Company, commented: "The Selkirk drilling and resampling program continues to deliver wide intervals of Cu, Ni and PGE mineralization.
We will be incorporating these assay results, combined with new metallurgical results, into an updated MRE anticipated in Q2 2026. Additionally, the exceptional results from DSLK077 (6.90m at 7.92% CuEq) indicate a potential new footwall zone for further follow up."

Full NR here: https://nexmetalsmining.com/investors/news-releases/nexmetals-reports-180-8-metres-of-1-31-cueq-from-selkirk-resampling-program-and-engages-ir-advisory-firm/

NexMetals Reports 180.8 Metres of 1.31% CuEq from Selkirk Resampling Program and Engages IR Advisory FirmMarch 19, 2026 8:00 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - March 19, 2026) - NexMetals Mining Corp. (TSXV: NEXM) (NASDAQ: NEXM ) (the "Company") announces assay results from resource gap hole DSLK-25-012 and from the remaining 28 holes of its 34-hole resampling program at the past-producing Copper Nickel Cobalt Platinum Group Elements ("Cu-Ni-Co-PGE") Selkirk Mine in Botswana. Assay Highlights: DSLK-25-012: 101.00 metres of 0.85% CuEq
(0.28% Cu, 0.29% Ni, 0.01% Co, 0.56ppm Pd, 0.12ppm Pt and 0.05ppm Au)DSLK076: 94.20 metres of 0.96% CuEq
(0.34% Cu, 0.30% Ni, 0.02% Co, 0.63ppm Pd, 0.13ppm Pt and 0.06ppm Au)DSLK134: 86.00 metres of 1.06% CuEq
(0.34% Cu, 0.45% Ni, 0.02% Co, 0.55ppm Pd, 0.12ppm Pt and 0.05ppm Au)DSLK211: 180.80 metres of 1.31% CuEq
(0.52% Cu, 0.39% Ni, 0.02% Co, 0.79ppm Pd, 0.17ppm Pt and 0.11ppm Au)DSLK258: 68.00 metres of 0.91% CuEq
(0.28% Cu, 0.32% Ni, 0.02% Co, 0.61ppm Pd, 0.13ppm Pt and 0.05ppm Au)

Footwall MineralizationDSLK077: 6.90 metres of 7.92% CuEq
(5.33% Cu, 1.31% Ni, 0.08% Co, 2.55ppm Pd, 0.56ppm Pt and 0.45ppm Au)DSLK134: 5.90 metres of 2.79% CuEq
(0.63% Cu, 1.76% Ni, 0.07% Co, 0.73ppm Pd, 0.12ppm Pt and 0.04ppm Au)Why This MattersWide intervals of Cu-Ni-Co-PGE mineralization intersected within the conceptual pit shell.High grade footwall mineralization is an exploration target.DSLK-25-012 was drilled to infill a gap in the resource and achieve a minimum drill spacing density of 60m across the deposit.All assay results have been received for the 34-hole resampling program and are ready to be incorporated into an updated Mineral Resource Estimate ("MRE"). Historic drillholes were inconsistently assayed for PGEs, which are expected to contribute approximately one-third of the deposit's net smelter return value. The resampling program captures intervals that were not previously analyzed for PGEs, providing additional data for incorporation into the model.Incorporating PGE values-particularly in mineralization located beyond the current limits of the 2024 Mineral Resource Estimate (the "2024 MRE") and within the conceptual pit shell-has the potential to expand the mineral resource and reduce the strip ratio.Key TakeawayWide intervals of Cu-Ni-Co-PGE mineralization exceeding the current resource cut off grade of 0.46% CuEq were mapped outside the 2024 MRE and within the conceptual pit shell. This data will be incorporated into the updated MRE expected in Q2 2026.Sean Whiteford, CEO of the Company, commented: "The Selkirk drilling and resampling program continues to deliver wide intervals of Cu, Ni and PGE mineralization. We will be incorporating these assay results, combined with new metallurgical results, into an updated MRE anticipated in Q2 2026. Additionally, the exceptional results from DSLK077 (6.90m at 7.92% CuEq) indicate a potential new footwall zone for further follow up."The assay results of the resource gap hole and the 28 resampled holes referenced in this press release are summarized in Table 1 and drillhole information is provided in Table 2.Table 1: Assay Results-Selkirk Deposit HOLE IDFROM
(m)TO
(m)1LENGTH
(m)2Est. True Thickness
(m)Cu
(%)NI
(%)Co
(%)Pd
(ppm)Pt
(ppm)Au
(ppm)3CuEq
(%)DSLK-25-01215.00267.00252.002360.210.230.010.460.110.040.67incl.163.00264.00101.00950.280.290.010.560.120.050.85DSLK-25-012
Footwall299.00303.854.854.50.450.530.040.400.080.061.19DSLK02619.0026.807.8040.180.170.010.450.100.050.57DSLK02640.3061.9021.60120.290.290.010.640.130.070.90DSLK03169.0071.002.00No estimate0.250.210.010.450.090.130.68DSLK05646.00123.1077.10660.220.240.010.480.110.040.70incl.90.00113.0023.00190.330.350.020.710.170.041.04DSLK056133.30147.6014.30120.290.300.010.710.150.060.94DSLK056157.10170.0012.90110.390.310.020.490.100.070.94DSLK05959.80178.00118.201000.280.240.010.550.120.050.79incl.59.80107.0047.20400.300.280.020.580.130.060.87and114.00140.0026.00220.280.270.010.680.130.040.89and151.00178.0027.00230.350.240.010.600.120.060.88DSLK070134.00203.0069.00400.230.200.020.370.090.040.62DSLK070312.10322.009.9060.360.300.020.580.120.070.95DSLK07216.0048.0032.00270.200.200.010.430.100.040.61DSLK07257.0085.4028.40240.140.180.010.380.090.030.52DSLK072117.30137.720.40170.310.370.020.830.160.071.09DSLK072170.55193.0022.45190.270.280.010.550.150.050.84DSLK07686.55222.20135.651000.290.270.010.540.120.050.83incl.128.00222.2094.20700.340.300.020.630.130.060.96*incl.168.00216.3048.30360.430.370.020.750.150.071.17DSLK07761.0075.0014.00No estimate0.200.140.010.320.060.030.50DSLK077
Footwall92.0098.906.906.905.331.310.082.550.560.457.92DSLK08322.0072.1050.10420.180.200.010.410.100.040.59DSLK09014.0068.3054.30380.200.220.010.410.090.030.62DSLK09094.30186.0091.70640.240.220.010.480.100.040.69DSLK12844.0064.0020.00100.170.210.010.290.080.030.53DSLK128158.00245.7587.75440.180.160.010.260.060.030.48DSLK128254.00276.9522.95110.250.180.020.300.080.020.59DSLK13142.00176.80134.801010.170.180.010.310.080.030.51DSLK131235.05321.0085.95640.230.200.010.360.090.040.62DSLK13352.00182.25130.251300.160.190.010.400.090.030.55DSLK133189.45213.8024.35240.330.290.010.680.140.060.96DSLK133219.00225.006.0060.300.300.010.660.130.050.92DSLK133239.05254.7015.65150.270.250.020.450.110.050.75DSLK134173.00363.00190.001550.270.260.020.470.110.050.78incl.240.00326.0086.00700.340.450.020.550.120.051.06DSLK134
Footwall446.10452.005.9050.631.760.070.730.120.042.79DSLK14195.00344.80249.801950.220.220.010.440.100.040.66DSLK142190.85216.0025.15210.210.190.020.350.080.040.57DSLK14477.95212.00134.051130.180.210.010.420.100.030.60DSLK144223.00259.0036.00300.310.290.010.630.140.060.92DSLK144278.45292.0013.55110.410.240.020.470.100.090.88DSLK147269.00417.70148.701470.260.250.010.480.110.050.75DSLK149178.20294.00115.801150.190.220.010.420.100.040.63DSLK149
Footwall311.75322.0010.25100.160.160.010.320.070.040.47DSLK151172.00230.0058.00500.150.190.010.420.100.040.55DSLK151264.40320.7556.35560.200.230.010.490.110.040.67DSLK19617.1022.705.6050.280.200.020.290.070.050.63DSLK21150.20231.00180.801460.520.390.020.790.170.111.31incl.76.00231.00155.001250.570.420.030.860.180.121.42*incl.76.00199.00123.00980.640.470.030.960.200.141.59DSLK224326.00383.2557.25570.280.250.020.480.110.050.78DSLK224395.35448.0052.65520.230.200.010.390.090.060.63incl.395.35429.0033.65330.270.230.010.440.100.070.72DSLK23359.00248.00189.001450.230.240.010.480.110.040.71DSLK238168.00226.0058.00No estimate0.210.150.010.250.070.040.49DSLK238327.00401.0074.00280.340.260.020.380.090.050.80DSLK238
Deep footwall562.00611.0049.00No estimate0.250.200.020.270.060.040.58DSLK241270.00367.6097.60620.280.240.020.450.100.050.74DSLK25827.0095.0068.00No estimate0.280.320.020.610.130.050.91DSLK27318.0081.1063.10620.190.220.010.450.100.030.64DSLK27397.80120.0022.20210.250.230.010.500.100.090.72DSLK273136.70162.5025.80240.220.210.010.460.110.040.67DSLK273175.55192.6517.10160.820.700.040.720.160.061.89OUTSIDE MRE AND WITHIN CONCEPTUAL PITDSK-25-01215.0076.0062.00580.150.180.010.390.100.040.53DSLK02619.0026.807.8040.180.170.010.450.100.050.57DSLK05650.0073.0023.00200.190.220.010.410.090.030.62DSLK07216.0036.0020.00170.200.200.010.460.110.040.64DSLK07686.5594.708.1560.150.180.010.390.090.030.53DSLK08322.0035.0013.00110.210.220.010.470.120.040.66DSLK12844.0064.0020.00100.170.210.010.290.080.030.53DSLK128153.00212.0059.00290.180.160.010.250.060.030.47DSLK13142.00150.00108.00810.150.170.010.270.070.030.46DSLK13352.00125.0073.00730.170.200.010.440.100.030.58DSLK134173.00224.0051.00420.160.170.010.290.070.040.48DSLK14195.00144.0049.00380.140.190.010.360.090.030.51DSLK142190.85201.0010.1590.190.150.010.300.070.040.50DSLK14477.95132.0054.05460.150.190.010.400.100.030.55DSLK147269.00288.0019.0018.50.160.170.010.300.080.030.48DSLK151172.00208.0036.00310.120.160.010.370.090.030.47DSLK19617.1022.705.6050.280.200.020.290.070.050.63DSLK238168.00226.0058.00No estimate0.210.150.010.250.070.040.49 
1Length refers to drillhole length and not true width.
2True thickness is estimated using the MRE wireframe where available. Note that all holes did not cross the entire deposit.
3CuEq% calculated using the formula Cu% + Ni%*(55.605/53.913) + Pd g/t*(22.948/53.913) + Pt g/t*(14.891/53.913) using metal prices and recoveries listed in the 2025 Technical Report (as defined below).Table 2: Drill Collar Information Selkirk DepositHOLE ID1Easting1Northing1ElevationDipAzimuthHole Length
(m)DSLK-25-012575328.77642374.6982.5-89.1231.3325.8DSLK026575631.97642799.4997.8-70.035.0158.1DSLK031575637.97642902.91004.2-70.035.086.7DSLK056575452.97642494.9986.0-70.047.7236.3DSLK059575557.27642713.8993.1-87.0288.0219.4DSLK070575236.57642498.8984.0-70.035.0459.0DSLK072575416.67642446.5984.5-69.029.0227.9DSLK076575334.47642430.1984.3-70.035.0305.0DSLK077575614.97642954.51004.7-90.0150.0155.4DSLK083575383.67642396.3983.7-70.035.0264.1DSLK090575440.47642578.3988.4-70.035.0301.5DSLK128575202.67642450.3984.8-70.034.5523.6DSLK131575252.17642415.5984.0-70.037.7414.5DSLK133575319.17642295.7980.5-70.038.8274.5DSLK134575183.37642318.2981.6-70.032.3494.4DSLK141575232.17642283.4981.2-71.133.2374.2DSLK142575300.37642381.5982.5-61.7304.7348.1DSLK144575281.77642249.0980.8-70.833.9312.1DSLK147575163.57642184.8983.8-70.033.8462.5DSLK149575246.67642200.2982.2-69.630.5353.8DSLK151575212.57642150.7983.3-70.033.5417.6DSLK196575559.87642983.91000.4-84.1164.6112.4DSLK211575464.67642745.8998.1-88.0307.1339.8DSLK224575104.67642166.6985.7-69.333.3596.0DSLK233575352.47642461.1985.5-87.6330.7362.1DSLK238575275.97642580.2985.7-86.6203.9771.6DSLK241575301.77642625.9989.4-90.0360.0370.3DSLK258575528.07642595.2987.6-90.0360.0158.0DSLK273575490.47642585.1987.9-89.1360.0228.5 
1Coordinates are WGS84z35S with geoidal elevationsFigure 1: Location 2025 Resampled drillholes and Mineral Resource Estimate To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7759/289138_a2d5b1b1743f69b9_002full.jpgNEXM Engages NH IR Advisory Corp.The Company is pleased to announce that it has engaged NH IR Advisory Corp. ("NH IR"), a Toronto-based investor relations and corporate communications firm, to provide investor relations and strategic advisory services.The engagement is for an initial term of twelve months (the "Agreement"), unless terminated earlier in accordance with its terms. Pursuant to the Agreement, the Company will pay NH IR a monthly fee of C$12,000. In addition, the Company has agreed to grant Nisha Hasan, NH IR's Principal, incentive stock options (the "Options") valued at C$72,000, with the number of Options to be granted being determined by dividing C$72,000 by the fair value per Option as at the date of grant (using the Black-Scholes option pricing model), to purchase common shares of the Company. The Options will be exercisable for a period of five years at an exercise price equal to the closing price of the common shares on the TSX Venture Exchange ("TSVX") on the date prior to the date of grant. The Options will vest over a twelve-month period, with one-quarter vesting every three months from the date of grant.NH IR is an arm's length service provider to the Company and does not have any direct or indirect interest in the Company or its securities, nor any right or intent to acquire such an interest, other than pursuant to the Agreement. The engagement of NH IR remains subject to the approval of the TSXV.Sean Whiteford, CEO of the Company, commented: "I'm also happy to announce that Nisha Hasan of NH IR Advisory Corp, has been engaged to provide investor relations and corporate communication services to the company. We welcome Nisha to the NEXM team"About NH IR Advisory Corp.: NH IR is a boutique investor relations and strategic communications firm supporting a select group of public and private companies in navigating the capital markets and strengthening engagement with the investment community. Led by Nisha Hasan, NH IR brings over 25 years of collective experience across the mining sector and capital markets, delivering tailored investor relations strategies and integrated communications programs designed to strengthen investment messaging, establish market presence, and enhance reputation over the long term.Technical ReportThe 2024 MRE on the Selkirk Mine is supported by the Technical Reports entitled "NI 43-101 Technical Report Selkirk Nickel Project, North East District, Republic of Botswana", dated January 8, 2025 (with an effective date of November 1, 2024 (the "2025 Technical Report") and "NI 43-101 Technical Report, Selkirk Nickel Project, Northeast District, Republic of Botswana" dated April 12, 2023 (with an effective date of March 31, 2023). Reference should be made to the full text of the Technical Reports for the assumptions, qualifications and limitations set forth therein, which were prepared in accordance with NI 43-101 and copies of which are available on SEDAR+ (www.sedarplus.ca) under the Company's issuer profile.Quality ControlHistoric drill core samples are NQ (47.6 mm diameter) that were previously sawn in half. All current samples are ¼ core cut by a diamond saw on site. The remaining ¼ core is retained for reference purposes. Samples are generally 0.30 metre or less and correspond to the historic sample intervals. Sample preparation and lab analysis was completed at ALS Chemex in Johannesburg, South Africa. Commercially prepared blank samples and certified Cu/Ni sulphide analytical control standards with a range of grades are inserted in every batch of 20 samples or a minimum of one set per sample batch. Analyses for Ni, Cu and Co are completed using a peroxide fusion preparation and ICP-AES finish (ME-ICP81).Qualified PersonAll scientific and technical information in this news release has been reviewed and approved by Sharon Taylor, VP Exploration of the Company, MSc, P.Geo, and a "qualified person" for the purposes of National Instrument 43-101.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:Sean Whiteford
CEO and Director
swhiteford@nexmetalsmining.comNeither 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.Follow Us X: https://x.com/NexMetalsCorp
LinkedIn: https://www.linkedin.com/company/NexMetalsMiningCorp
Facebook: https://www.facebook.com/NexMetalsMiningCorpCautionary Note Regarding Forward-Looking StatementsThis news release contains "forward-looking statements" within the meaning of the United States federal securities laws and "forward-looking information" within the meaning of applicable Canadian securities legislation (collectively, "forward-looking information") based on expectations, estimates and projections as at the date of this news release. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. For the purposes of this release, forward looking information includes, but is not limited to, the implementation of the objectives, goals and future plans of the Company including the potential of expanding the mineral resource and reducing the strip ratio; releasing an updated MRE in Q2 2026; PGEs contributing approximately one-third of the deposit's net smelter return value; and the potential of new footwall zone for further follow up. These forward-looking statements, by their nature, require the Company to make certain assumptions and necessarily involve known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied in these forward-looking statements. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, capital and operating costs varying significantly from estimates; the preliminary nature of drilling and metallurgical test results; the ability of exploration results to predict mineralization; the risk that the Company will not be able to expand or enhance its current mineral resource estimates; the ability of the Company to implement its drilling, geoscience and metallurgical work on its properties and work plans generally; prefeasibility or the feasibility of mine production; delays in obtaining or failures to obtain required governmental, environmental or other project approvals; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets; inflation; fluctuations in commodity prices; delays in the development of projects; the other risks involved in the mineral exploration and development industry; and those risks set out in the Company's filings with the U.S. Securities and Exchange Commission on EDGAR (www.sec.gov) and public disclosure record on SEDAR+ (www.sedarplus.com), in each case, under the Company's issuer profile. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/289138
Original: NexMetals Reports 180.8 Metres of 1.31% CuEq from Selkirk Resampling Program and Engages IR Advisory Firm

Posted on behalf of NexMetals Mining Corp. - Last month NexMetals Mining Corp. (NEXM NEXM.v) reported additional high-grade drill results from its ongoing surface drilling program targeting the emerging Selebi Main Flexure Zone.

Sean Whiteford, CEO of the Company, commented: “The Selebi camp continues to deliver both scale and grade. The identification of a Flexure Zone at Selebi Main, supported by strong BHEM conductors, provides a clear target for resource expansion. With step out holes over 685m from the current Selebi Main resource and wide intercepts of high-grade massive sulphides (up to 11.05m of 7.31% CuEq), the 2026 resource expansion program is off to a tremendous start.”

Full NR here: https://nexmetalsmining.com/investors/news-releases/nexmetals-reports-11-05-metres-of-7-31-cueq-in-smd-25-205-located-130-metres-down-dip-from-the-selebi-main-resource-within-the-emerging-selebi-main-flexure-zone/

Posted on behalf of Nexmetals Mining Corp. - Copper-Nickel Growth at NexMetals: 7.31% CuEq Intercept + 685m Step-Outs + Giant BHEM Conductor – Resource Expansion Case Strengthening

NexMetals Mining (TSXV: NEXM | NASDAQ: NEXM) reported additional high-grade Cu-Ni results from surface drilling at Selebi Main, with new intercepts extending beyond the current MRE and strengthening the case for a meaningful resource expansion within the emerging Selebi Main Flexure Zone.

https://www.reddit.com/r/BreakoutStocks/comments/1rrt33s/coppernickel_growth_at_nexmetals_731_cueq/

Posted on behalf of NexMetals Mining Corp. - NEXM.v CEO Sean Whiteford recently released an update detailing the technical significance of their February 26 drill results.

The update centers on the grade and scale potential at the Selebi Main deposit, specifically highlighting a newly identified structural target called the "Selebi Main flexure zone".

This new "Flexure Zone" the company has identified is a distinct curve, or "flexure," in the mineralization found by using recent borehole electromagnetic (EM) surveys.

Mr. Whiteford also discusses the results of holes 203, 204, 205, and 208.

View the full video here:

Posted on behalf of NexMetals Mining Corp. - NexMetals Mining Corp.’s (NEXM NEXM.v) most recent drill results from ongoing surface drilling at the emerging Selebi Main Flexure Zone has intersected significant copper-nickel mineralization beyond the current Selebi Main Mineral Resource Estimate.

The results confirm the presence of a newly interpreted flexure in the mineralized system and demonstrate strong potential for additional high-grade resource expansion adjacent to the existing Selebi Main deposit.

More here:
https://nexmetalsmining.com/investors/news-releases/nexmetals-reports-11-05-metres-of-7-31-cueq-in-smd-25-205-located-130-metres-down-dip-from-the-selebi-main-resource-within-the-emerging-selebi-main-flexure-zone/

Strategically Minded Miners Targeting the Metals the World Cannot Build WithoutMarch 6, 2026 11:15 AM
PR Newswire (US)

Issued on behalf of GoldHaven Resources Corp.VANCOUVER, BC, March 6, 2026 /PRNewswire/ -- USANewsGroup.com — The copper deficit everyone warned about is here. S&P Global projects the world will be short 8 million tonnes of copper by 2030, and the International Energy Agency says demand is climbing 6% a year as EVs, power grids, and data centres consume more metal than mines can deliver[1][2]. Rare earths and nickel face the same squeeze. The United States is 100% import-dependent on rare earth elements and more than half-dependent on foreign nickel, according to the U.S. Geological Survey[3]. That is not a forecast. That is the situation right now. GoldHaven Resources (CSE: GOH) (OTCQB: GHVNF), Sterling Metals (TSXV: SAG) (OTCQB: SAGGF), NexMetals Mining (TSXV: NEXM) (NASDAQ: NEXM), XXIX Metal (TSXV: XXIX) (OTCQB: QCCUF), and Critical Metals Corp (NASDAQ: CRML) are advancing copper, nickel, gold, and rare earth projects across proven mining districts in Canada, Botswana, and Greenland.







Canada and the United States are responding with billions in public funding[4], but government money does not dig holes or pour copper anodes. The companies doing the actual exploration and development work are where the leverage sits for investors looking at the critical minerals space.GoldHaven Resources (CSE: GOH) (OTCQB: GHVNF) filed an independent NI 43-101 technical report for its district-scale Magno Polymetallic Project in the Cassiar region of northwestern British Columbia. The report, prepared by independent Qualified Person James Turner, P.Geo., validates a large intrusion-related hydrothermal system spanning approximately 37,204 hectares, with stacked deposit environments including copper-gold, silver-lead-zinc, tungsten-skarn, and critical mineral mineralization. Grab samples from exploration programs returned up to 2,370 g/t silver, greater than 20% lead, and 19.25% zinc from the Magno and D Zones, with 45 of 357 samples exceeding 100 g/t silver."The filing of the Magno NI 43-101 technical report represents an important step in advancing one of the most prospective polymetallic projects in the Cassiar district," said Rob Birmingham, CEO of GoldHaven. "Our recent exploration results, including exceptional silver-lead-zinc grades and significant indium enrichment, highlight the district-scale potential of the property."Sampling at Magno returned indium values up to 334 ppm associated with sphalerite, the highest recorded concentration in the Cassiar District and a significant indicator of critical mineral potential. Indium is used in semiconductor and solar panel manufacturing, and tightening global supply has elevated its strategic importance across North American and European markets. Tungsten mineralization was also widespread across the property, with 32 samples returning values above 1,000 ppm and a peak of 6,550 ppm at Vines Lake, with consistent values of 500 to 5,000 ppm tungsten at the Kuhn and Dead Goat targets supporting the presence of a robust tungsten-skarn system.GoldHaven is advancing a $2.0 million flow-through private placement to fund 2026 exploration at Magno, including 3D geological modelling, drill target refinement, and permitting for an initial drill program designed to test the scale and vertical extent of the mineralizing system across several priority zones within the property. The planned program will evaluate porphyry, carbonate replacement silver-lead-zinc, tungsten-skarn, and critical mineral targets identified through the company's integrated interpretation of structural, geochemical, and geophysical datasets. GoldHaven's broader portfolio includes the Copeçal Gold Project in Mato Grosso, Brazil, a drill-ready gold target with a 6-kilometre strike of anomalous gold in soil, and three critical mineral projects in Brazil totalling 123,900 hectares. Property-wide geological mapping at Magno supports the interpretation of a classic porphyry-related metal zonation pattern with strong structural controls, and the company believes Magno has the potential to host a large polymetallic system comparable to other mineralized districts within the Cassiar region.CONTINUED… Read this and more on GoldHaven at: https://usanewsgroup.com/2025/09/23/the-goldhaven-story-two-continents-one-strategy-systematic-exploration-in-historically-productive-districts/In other industry developments and happenings in the market include:Sterling Metals (TSXV: SAG) (OTCQB: SAGGF) reported a major discovery in the first drill hole of its 2026 program at the Soo Copper Project near Sault Ste Marie, Ontario. Drillhole SC-26-01 intersected a greater than 400-metre zone of felsic porphyry stock hosting widespread copper and molybdenum sulphide mineralization with potassic alteration. The blind porphyry stock was discovered approximately 1.5 kilometres from the MEPS Discovery zone, which includes 265.5 metres of 1.05% CuEq in discovery hole MEPS-25-02."The discovery of a source porphyry stock that hosts widespread potassic alteration and copper mineralization, including bornite, so quickly into the winter program is an incredible early result," said Neil O'Brien, Chief Geologist of Sterling Metals. "It validates both our contention of there being a giant porphyry copper complex underlying a significant area of the Soo Project but also that our exploration targeting approach is right."The porphyry stock is composed of granite porphyry to quartz monzonite porphyry, compositions common to major porphyry copper systems worldwide. Copper is present as chalcopyrite and bornite disseminations, with molybdenite within quartz veins. The discovery confirms a giant porphyry copper system across a 7-kilometre by 3-kilometre corridor of surface showings and drill holes, located off the Trans-Canada Highway only 70 kilometres north of Sault Ste Marie.NexMetals Mining (TSXV: NEXM) (NASDAQ: NEXM) reported high-grade copper-nickel drill results from its ongoing surface drilling program targeting the emerging Selebi Main Flexure Zone in Botswana. Drill hole SMD-25-205 intersected 11.05 metres grading 7.31% CuEq, including 5.75 metres of 8.73% CuEq, while hole SMD-25-203 confirmed mineralization 685 metres beyond the current Selebi Main Mineral Resource Estimate."The Selebi camp continues to deliver both scale and grade," said Sean Whiteford, CEO of NexMetals Mining. "The identification of a Flexure Zone at Selebi Main, supported by strong BHEM conductors, provides a clear target for resource expansion. With step out holes over 685m from the current Selebi Main resource and wide intercepts of high-grade massive sulphides, the 2026 resource expansion program is off to a tremendous start."The company has completed 15,540 metres across seven completed holes as part of the Selebi Main surface drilling program, with three additional holes currently in progress. All 2025 drill holes reported to date have intersected mineralization at significant distances outside the current resource boundary, confirming the presence of an emerging Flexure Zone where the mineralized system changes orientation and extends both down-dip and down-plunge from the existing Selebi Main resource.XXIX Metal (TSXV: XXIX) (OTCQB: QCCUF) reported initial drill results from the Cooke Zone, located approximately 2 kilometres east of the company's envisioned Opemiska open pit in Quebec's Chibougamau district. Hole COR-25-38 returned 3.63 g/t gold, 3.50 g/t silver and 0.27% copper over 6.40 metres from 61.2 metres, with mineralization interpreted as two parallel shear-hosted zones carrying gold-bearing veins and veinlets."These first holes at Cooke validate the opportunity to add high-value, near-surface ounces and copper to the broader Opemiska story," said Guy Le Bel, CEO of XXIX Metal. "Cooke is a past-producing area with clear room for growth. We're encouraged by the consistency of encountering two parallel zones and we plan to follow up with tighter-spaced drilling to advance Cooke toward a maiden resource."Cooke is a past-producing mine with no current NI 43-101 resource, making it a growth opportunity within the broader Opemiska district. The company expanded its initial drill program to target approximately 10,000 metres across the Cooke and Saddle zones, with results supporting the potential for Cooke to emerge as a satellite deposit capable of providing incremental mill feed to the Opemiska development concept.Critical Metals Corp (NASDAQ: CRML) announced its strongest rare earth assay results to date from a resampling program at the Hill Deposit within its flagship Tanbreez Heavy REE Project in Greenland. Thirty-three drill intercepts from the Hill Deposit returned grades up to 0.94% TREO, with a weighted average of 0.44% TREO+Y and 24.1% heavy rare earth oxide content across 1,014 samples from the 2010 drilling campaign."The Company is very encouraged by the results of the Hill Zone Deposit resampling program, which provides strong validation of the historical 2010 drilling dataset," said Tony Sage, CEO of Critical Metals Corp. "The strong repeatability and high correlation between the original and repeat assays confirm TREO grades within a tight 2 to 5% precision range, underscoring the robustness of the rare earth mineralization previously reported for the Hill Zone Deposit."The resampling program also returned elevated zirconium oxide values ranging from 1.04% to 3.81% and gallium oxide from 87 to 117 ppm, expanding the elemental dataset and supporting the multi-element economic potential of the deposit. Priority infill resource drilling is planned for the 2026 field season as the company progresses technical studies and advances development discussions at Tanbreez, one of the world's largest known heavy rare earth deposits.SOURCE: https://usanewsgroup.com/2025/09/23/the-goldhaven-story-two-continents-one-strategy-systematic-exploration-in-historically-productive-districts/CONTACT:
USA NEWS GROUP
info @acblanke1DISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. USA News Group is wholly-owned subsidiary of Market IQ Media Group, Inc. ("MIQ"). This article is being distributed for Baystreet.ca Media Corp. ("BAY"), who has been paid a fee for an advertising campaign. MIQ has not been paid a fee for GoldHaven Resources Corp. advertising or digital media, but the owner/operators of MIQ also co-owns BAY. There may also be 3rd parties who may have shares of GoldHaven Resources Corp. and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material, including this article, which is disseminated by MIQ on behalf of BAY has been approved by GoldHaven Resources Corp. The scientific and technical information disclosed in this document have been reviewed and approved by two Qualified Persons (QPs). The Copeçal Technical Report identifies Jean-Marc Lopez, B.Sc., FAusIMM, as the Qualified Person responsible for the report. The report "GoldHaven Resources Completes Summer Exploration Programs" states that the technical information has been reviewed and approved by Jonathan Victor Hill, B.Sc. Hons, FAusIMM, an independent Qualified Person and Country Manager of GoldHaven. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.SOURCES:
1. https://www.iea.org/reports/global-critical-minerals-outlook-2025
2. https://www.spglobal.com/commodityinsights/en/market-insights/latest-news/metals/copper-deficit
3. https://www.canada.ca/en/campaign/critical-minerals-in-canada/canadian-critical-minerals-strategy.html
4. https://www.usgs.gov/centers/national-minerals-information-center/mineral-commodity-summariesLogo - https://mma.prnewswire.com/media/2838876/5656770/USA_News_Group_Logo.jpg



View original content to download multimedia:https://www.prnewswire.com/news-releases/strategically-minded-miners-targeting-the-metals-the-world-cannot-build-without-302706604.html

Original: Strategically Minded Miners Targeting the Metals the World Cannot Build Without

Posted on behalf of NexMetals Mining Corp. - NEXM.v has recently reported additional high-grade drill results from its ongoing surface drilling program targeting the emerging Selebi Main Flexure Zone.

Recent drilling has intersected significant copper-nickel mineralization beyond the current Selebi Main Mineral Resource Estimate ("MRE"), confirming the presence of a newly interpreted flexure in the mineralized system and demonstrating strong potential for additional high-grade resource expansion adjacent to the existing Selebi Main deposit.

Sean Whiteford, CEO of the Company, commented: "The Selebi camp continues to deliver both scale and grade. The identification of a Flexure Zone at Selebi Main, supported by strong BHEM conductors, provides a clear target for resource expansion.

With step out holes over 685m from the current Selebi Main resource and wide intercepts of high-grade massive sulphides (up to 11.05m of 7.31% CuEq), the 2026 resource expansion program is off to a tremendous start."

Full NR here: https://nexmetalsmining.com/investors/news-releases/nexmetals-reports-11-05-metres-of-7-31-cueq-in-smd-25-205-located-130-metres-down-dip-from-the-selebi-main-resource-within-the-emerging-selebi-main-flexure-zone/

Posted on behalf of NexMetals Mining Corp. - Last week NexMetals Mining Corp. (NEXM NEXM.v) reported additional high-grade drill results from their ongoing surface drilling program targeting the emerging Selebi Main Flexure Zone.

These results confirm that the Selebi Main mineralized system remains open well beyond current resource boundaries, highlighting strong potential to add significant tonnes in future MRE updates.

Full NR here: https://nexmetalsmining.com/investors/news-releases/nexmetals-reports-11-05-metres-of-7-31-cueq-in-smd-25-205-located-130-metres-down-dip-from-the-selebi-main-resource-within-the-emerging-selebi-main-flexure-zone/

Posted on behalf of NexMetals Mining Corp. - NexMetals Mining Corp. (NEXM.v NEXM) reported additional high-grade copper-nickel results from its ongoing surface drill program at the Selebi Main Flexure Zone, highlighted by 11.05m of 7.31% CuEq (3.00% Cu and 2.09% Ni), including 5.75m of 8.73% CuEq. Drilling continues to intersect mineralization well beyond the current Selebi Main MRE, including 0.85m of 6.24% CuEq 1,000m beyond the Selebi North MRE. Full news here: https://www.newsfilecorp.com/release/285863/RETRANSMISSION-NexMetals-Reports-11.05-Metres-of-7.31-CuEq-in-SMD25205-Located-130-Metres-DownDip-from-the-Selebi-Main-Resource-Within-the-Emerging-Selebi-Main-Flexure-Zone

RETRANSMISSION: NexMetals Reports 11.05 Metres of 7.31% CuEq in SMD-25-205 Located 130 Metres Down-Dip from the Selebi Main Resource Within the Emerging Selebi Main Flexure ZoneMarch 2, 2026 9:00 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - March 2, 2026) - NexMetals Mining Corp. (TSXV: NEXM) (NASDAQ: NEXM) ("NEXM" or the "Company") reports additional high-grade drill results from its ongoing surface drilling program targeting the emerging Selebi Main Flexure Zone. Recent drilling has intersected significant copper-nickel mineralization beyond the current Selebi Main Mineral Resource Estimate ("MRE"), confirming the presence of a newly interpreted flexure in the mineralized system and demonstrating strong potential for additional high-grade resource expansion adjacent to the existing Selebi Main deposit.Assay results reported in this news release are for drill holes SMD-25-204 and SMD-25-205. All other drill holes referenced herein intersected visual sulphide mineralization, with assay results currently pending. Drill core photos for all holes referenced in this release are available on the Company's website at https://nexmetalsmining.com/selebi-core-samples/.HIGHLIGHTS: Drill hole SMD-25-205 intersected two zones of mineralization 215 metres up dip from SMD-25-201.Main Zone - 11.05 metres of 7.31% CuEq (3.00% Cu and 2.09% Ni) including 5.75 metres of 8.73% CuEq (3.98% Cu and 2.31% Ni)Lower Zone - 1.05 metres of 7.84% CuEqDrill hole SMD-25-203 intersected two zones of mineralization 685 metres beyond the current Selebi Main MRE.Main Zone - 18.30 metre mineralized zone that includes multiple intervals of massive, semi-massive, and disseminated sulphides Lower Zone - two zones of massive sulphides within a 4.55 metre intervalDrill hole SMD-26-208 intersected three zones of massive and disseminated sulphides located 230 metres up plunge of SMD-25-205.Upper Zone - 2.15 metre interval of massive sulphidesMain Zone - 3.05 metre interval of massive and disseminated sulphides Lower Zone - 10.5 metre interval of massive and disseminated sulphides Drill Hole SMD-25-204 intersected multiple, narrow massive sulphide intervals including 0.85 metres of 6.24% CuEq at a distance of 1,000 metres beyond the Selebi North MRE.Interpretation and Resource Expansion PotentialAll 2025 drill holes reported to date have intersected mineralization significant distances outside the current MRE. SMD-25-203 is located 685 metres northwest of the 2024 Selebi Main MRE.Results confirm the presence of an emerging Flexure Zone where the mineralized system changes orientation, extending both down-dip and down-plunge from the existing Selebi Main resource.This Flexure Zone encompasses the recently identified 700 metre x 700 metre Super Conductor BHEM plate (see news release dated January 20, 2026), as well as additional strong conductive responses extending beyond SMD-25-203. These results confirm that the Selebi Main mineralized system remains open well beyond current resource boundaries, highlighting strong potential to add significant tonnes in future MRE updates.Figure 1 - Selebi Mine Long Section To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7759/285863_6654f6c374be4bcf_002full.jpgFigure 2 - Selebi Main drill hole locations, and borehole electromagnetic plate geometry highlighting new mineralized horizons To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7759/285863_6654f6c374be4bcf_003full.jpgFigure 3 - SMD-25-203 and SMD-26-208 core photos/sulphide intersectionsTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7759/285863_6654f6c374be4bcf_004full.jpgSean Whiteford, CEO of the Company, commented: "The Selebi camp continues to deliver both scale and grade. The identification of a Flexure Zone at Selebi Main, supported by strong BHEM conductors, provides a clear target for resource expansion. With step out holes over 685m from the current Selebi Main resource and wide intercepts of high-grade massive sulphides (up to 11.05m of 7.31% CuEq), the 2026 resource expansion program is off to a tremendous start."To date, the Company has completed 15,540 metres across seven completed holes, one hole extension, one abandoned hole, and three holes currently in progress as part of the Selebi Main surface drilling program. This drilling continues to target extensions of the Selebi Main mineralized system associated with high-priority BHEM conductors.Table 1: 2025 Surface Drilling Results Hole-IDFrom
(m)To
(m)Length
(m)Est. True
Thickness1Cu
(%)Ni
(%)Co
(%)2ZoneCuEq
(%)3SMD-25-2041852.601852.950.35unknown0.631.800.10Main Zone4.34SMD-25-2041853.951854.300.35unknown0.462.530.13Main Zone5.67SMD-25-2041855.651856.500.85unknown4.290.950.05Main Zone6.24SMD-25-2041858.001858.350.35unknown2.470.140.01Main Zone2.76SMD-25-2051686.701697.7511.0510.73.002.090.09Main Zone7.31Incl.1692.001697.755.755.63.982.310.10Main Zone8.73SMD-25-2051708.301709.351.051.03.162.270.10Lower Zone7.84 1Length refers to drillhole length in metres and not true width. True widths are estimated where density of drilling is sufficient for an estimation. Some true widths cannot be estimated due to insufficient drill density.2Co is not included in the MRE as cobalt analyses are not consistently available throughout the deposit. 3CuEq was calculated using the formula CuEq=Cu+2.06*Ni assuming long-term prices of US$10.50/lb Ni and US$4.75/lb Cu, and nickel and copper recoveries of 72.0% and 92.4%, respectively, derived from metallurgical studies which consider a conceptual bulk concentrate scenario.Table 2: 2025-2026 Surface Drill Collar Information HOLE IDUTM EastUTM NorthElevationDipTrue North AzimuthHole LengthCommentSMD-25-203582550.87564012.8905.8-78.2109.92,010.4
SMD-25-204583002.87564891.7893.8-78.4114.82,146.9
SMD-25-205582693.67563648.3903.9-77.7117.41,799.5
SMD-25-206582643.87563224.1905.2-81.1108.213.1Abandoned due to excessive deviationSMD-25-207582644.07563223.9905.4-81.2108.21,737.6
SMD-26-208582752.17563358.1903.6-77.0111.51678.2
SMD-26-209582465.37563469.4908.0-74.1101.91,880Planned Depth
Drilling in progressSMD-26-210582807.47563850.3901.2-75.1114.71,825Planned Depth
Drilling in progressSMD-26-211582519.87563779.5906.5-75.0111.32,100Planned Depth
Drilling in progress Qualified PersonAll scientific and technical information in this news release has been reviewed and approved by Sharon Taylor, VP Exploration of the Company, MSc, P.Geo, and a "qualified person" for the purposes of National Instrument 43-101 and Subpart 1300 of Regulation S-K.Quality ControlThe program is being executed using two company-owned underground Zinex U5 drills which were converted into surface A5 drills, and a new Marcotte HTM2500 drill purchased by the Company capable of drilling to depths of 2,550 metres (NQ core) which arrived on site in July 2025. Drill core samples are either NQ (47.75 mm diameter) or BQ (36.40 mm diameter). All samples are ½ core samples cut by a diamond saw on site and the remaining half of the core is retained for reference purposes. Samples are generally 1.0 to 1.5 metre intervals or less at the discretion of the site geologists. Sample preparation and lab analysis was completed at ALS Geochemistry in Johannesburg, South Africa. Commercially prepared Blank samples and certified Cu/Ni sulphide analytical control standards with a range of grades are inserted in every batch of 20 samples or a minimum of one set per sample batch. Analyses for Ni, Cu and Co are completed using a peroxide fusion preparation and ICP-AES finish (ME-ICP81). Analyses for Pt, Pd, and Au are by fire assay (30 grams nominal sample weight) with an ICP-AES finish (PGM-ICP23).Holes are numbered as follows: SMD (Selebi Main Deposit) + year + hole number starting at 201.BHEM SurveysThe BHEM surveys at Selebi utilize the Crone PEM system operated by local Batswana staff. Survey data is collected using a 3-component fluxgate probe collecting full waveform data. Surveys have been collected using timebases between 50 and 1000ms (0.25 Hz to 5 Hz). The data has been processed to a calculated residual step response to better quantify the conductive sources. This added processing has proven to be invaluable because of the size of the highly conductive mineralized system.Technical ReportThe MRE on the Selebi Mine is supported by the technical report entitled "Technical Report, Selebi Mines, Central District, Republic of Botswana" and dated September 20, 2024 (with an effective date of June 30, 2024) (the "Selebi Technical Report"), and prepared by SLR Consulting (Canada) Ltd. for NEXM. Reference should be made to the full text of the Selebi Technical Report, which was prepared in accordance with NI 43-101 and Subpart 1300 of Regulation S-K and is available on SEDAR+ (www.sedarplus.ca) and EDGAR (www.sec.gov), in each case, under NEXM's issuer profile.About NexMetals Mining Corp.NexMetals Mining Corp. is a TSXV 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
swhiteford @Scotty-770-4334Neither 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.Follow Us
X: https://x.com/NexMetalsCorp
LinkedIn: https://www.linkedin.com/company/NexMetalsMiningCorp
Facebook: https://www.facebook.com/NexMetalsMiningCorpCautionary Note Regarding Forward-Looking StatementsThis news release contains "forward-looking statements" within the meaning of the United States federal securities laws and "forward-looking information" within the meaning of applicable Canadian securities legislation (collectively, "forward-looking information") based on expectations, estimates and projections as at the date of this news release. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. For the purposes of this release, forward looking information includes, but is not limited to, the potential for additional high-grade resource expansion adjacent to the existing Selebi Main deposit; the potential to add significant tonnes in future MRE updates. These forward-looking statements, by their nature, require the Company to make certain assumptions and necessarily involve known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied in these forward-looking statements. Such assumptions include, without limitation: the Company's ability to successfully complete its planned exploration and drilling programmes; the geological interpretations of the Selebi Main deposit are accurate and additional mineralization can be identified; the Company will have sufficient funding and resources to carry out its exploration activities; the regulatory environment will remain favourable and all required permits and approvals will be obtained in a timely manner; general economic and market conditions will remain stable; and the Company's ability to retain qualified personnel. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, capital and operating costs varying significantly from estimates; the preliminary nature of drilling and metallurgical test results; the ability of exploration results to predict mineralization; the ability of the Company to implement its drilling, geoscience and metallurgical work on its properties and work plans generally; prefeasibility or the feasibility of mine production; delays in obtaining or failures to obtain required governmental, environmental or other project approvals; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets; inflation; fluctuations in commodity prices; delays in the development of projects; the other risks involved in the mineral exploration and development industry; and those risks set out in the Company's filings with the U.S. Securities and Exchange Commission on EDGAR (www.sec.gov) and public disclosure record on SEDAR+ (www.sedarplus.ca), in each case, under NEXM's issuer profile. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/285863
Original: RETRANSMISSION: NexMetals Reports 11.05 Metres of 7.31% CuEq in SMD-25-205 Located 130 Metres Down-Dip from the Selebi Main Resource Within the Emerging Selebi Main Flexure Zone

Posted on behalf of NexMetals Mining Corp. - Yesterday NexMetals Mining Corp. (NEXM NEXM.v) reported additional high-grade drill results from their ongoing surface drilling program targeting the emerging Selebi Main Flexure Zone.

Recent drilling has intersected significant copper-nickel mineralization beyond the current Selebi Main Mineral Resource Estimate, confirming the presence of a newly interpreted flexure in the mineralized system and demonstrating strong potential for additional high-grade resource expansion adjacent to the existing Selebi Main deposit.

Full NR here: https://nexmetalsmining.com/investors/news-releases/nexmetals-reports-11-05-metres-of-7-31-cueq-in-smd-25-205-located-130-metres-down-dip-from-the-selebi-main-resource-within-the-emerging-selebi-main-flexure-zone/

NexMetals Reports 11.05 Metres of 7.31% CuEq in SMD-25-205 Located 130 Metres Down-Dip from the Selebi Main Resource Within the Emerging Selebi Main Flexure ZoneFebruary 26, 2026 4:13 PM
NewsfileVancouver, British Columbia--(Newsfile Corp. - February 26, 2026) - NexMetals Mining Corp. (TSXV: NEXM) (NASDAQ: NEXM) ("NEXM" or the "Company") reports additional high-grade drill results from its ongoing surface drilling program targeting the emerging Selebi Main Flexure Zone. Recent drilling has intersected significant copper-nickel mineralization beyond the current Selebi Main Mineral Resource Estimate ("MRE"), confirming the presence of a newly interpreted flexure in the mineralized system and demonstrating strong potential for additional high-grade resource expansion adjacent to the existing Selebi Main deposit.Assay results reported in this news release are for drill holes SMD-25-204 and SMD-25-205. All other drill holes referenced herein intersected visual sulphide mineralization, with assay results currently pending. Drill core photos for all holes referenced in this release are available on the Company's website at https://nexmetalsmining.com/selebi-core-samples/.HIGHLIGHTS: Drill hole SMD-25-205 intersected two zones of mineralization 215 metres up dip from SMD-25-201.Main Zone – 11.05 metres of 7.31% CuEq (3.00% Cu and 2.09% Ni) including 5.75 metres of 8.73% CuEq (3.98% Cu and 2.31% Ni)Lower Zone - 1.05 metres of 7.84% CuEqDrill hole SMD-25-203 intersected two zones of mineralization 685 metres beyond the current Selebi Main MRE: Main Zone – 18.30 metre mineralized zone that includes multiple intervals of massive, semi-massive, and disseminated sulphides Lower Zone – two zones of massive sulphides within a 4.55 metre intervalDrill hole SMD-26-208 intersected three zones of massive and disseminated sulphides located 230 metres up plunge of SMD-25-205Upper Zone – 2.15 metre interval of massive sulphidesMain Zone – 3.05 metre interval of massive and disseminated sulphides Lower Zone – 10.5 metre interval of massive and disseminated sulphides Drill Hole SMD-25-204 intersected multiple, narrow massive sulphide intervals including 0.85 metres of 6.24% CuEq at a distance of 1,000 metres beyond the Selebi North MRE Interpretation and Resource Expansion PotentialAll 2025 drill holes reported to date have intersected mineralization significant distances outside the current MRE. SMD-25-203 is located 685 metres northwest of the 2024 Selebi Main MRE.Results confirm the presence of an emerging Flexure Zone where the mineralized system changes orientation, extending both down-dip and down-plunge from the existing Selebi Main resource.This Flexure Zone encompasses the recently identified 700 metre x 700 metre Super Conductor BHEM plate (see news release dated January 20, 2026), as well as additional strong conductive responses extending beyond SMD-25-203. These results confirm that the Selebi Main mineralized system remains open well beyond current resource boundaries, highlighting strong potential to add significant tonnes in future MRE updates.Figure 1 – Selebi Mine Long Section To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7759/285533_1e46b88744c739f0_002full.jpgFigure 2 – Selebi Main drill hole locations, and borehole electromagnetic plate geometry highlighting new mineralized horizonsTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7759/285533_1e46b88744c739f0_003full.jpgFigure 3 – SMD-25-203 and SMD-26-208 core photos/sulphide intersectionsTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7759/285533_1e46b88744c739f0_004full.jpgSean Whiteford, CEO of the Company, commented: "The Selebi camp continues to deliver both scale and grade. The identification of a Flexure Zone at Selebi Main, supported by strong BHEM conductors, provides a clear target for resource expansion. With step out holes over 685m from the current Selebi Main resource and wide intercepts of high-grade massive sulphides (up to 11.05m of 7.31% CuEq), the 2026 resource expansion program is off to a tremendous start."To date, the Company has completed 15,540 metres across seven completed holes, one hole extension, one abandoned hole, and three holes currently in progress as part of the Selebi Main surface drilling program. This drilling continues to target extensions of the Selebi Main mineralized system associated with high-priority BHEM conductors.Table 1: 2025 Surface Drilling Results Hole-IDFrom
(m)To
(m)Length
(m)Est. True
Thickness1Cu
(%)Ni
(%)Co
(%)2ZoneCuEq
(%)3SMD-25-2041852.601852.950.35unknown0.631.800.10Main Zone4.34SMD-25-2041853.951854.300.35unknown0.462.530.13Main Zone5.67SMD-25-2041855.651856.500.85unknown4.290.950.05Main Zone6.24SMD-25-2041858.001858.350.35unknown2.470.140.01Main Zone2.76SMD-25-2051686.701697.7511.0510.73.002.090.09Main Zone7.31Incl.1692.001697.755.755.63.982.310.10Main Zone8.73SMD-25-2051708.301709.351.051.03.162.270.10Lower Zone7.84 1Length refers to drillhole length in metres and not true width. True widths are estimated where density of drilling is sufficient for an estimation. Some true widths cannot be estimated due to insufficient drill density.
2Co is not included in the MRE as cobalt analyses are not consistently available throughout the deposit.
3CuEq was calculated using the formula CuEq=Cu+2.06*Ni assuming long-term prices of US$10.50/lb Ni and US$4.75/lb Cu, and nickel and copper recoveries of 72.0% and 92.4%, respectively, derived from metallurgical studies which consider a conceptual bulk concentrate scenario.Table 2: 2025-2026 Surface Drill Collar Information HOLE IDUTM EastUTM NorthElevationDipTrue North AzimuthHole LengthCommentSMD-25-203582550.87564012.8905.8-78.2109.92,010.4
SMD-25-204583002.87564891.7893.8-78.4114.82,146.9
SMD-25-205582693.67563648.3903.9-77.7117.41,799.5
SMD-25-206582643.87563224.1905.2-81.1108.213.1Abandoned due to excessive deviationSMD-25-207582644.07563223.9905.4-81.2108.21,737.6
SMD-26-208582752.17563358.1903.6-77.0111.51678.2
SMD-26-209582465.37563469.4908.0-74.1101.91,880Planned Depth
Drilling in progressSMD-26-210582807.47563850.3901.2-75.1114.71,825Planned Depth
Drilling in progressSMD-26-211582519.87563779.5906.5-75.0111.32,100Planned Depth
Drilling in progress Qualified PersonAll scientific and technical information in this news release has been reviewed and approved by Sharon Taylor, VP Exploration of the Company, MSc, P.Geo, and a "qualified person" for the purposes of National Instrument 43-101 and Subpart 1300 of Regulation S-K.Quality ControlThe program is being executed using two company-owned underground Zinex U5 drills which were converted into surface A5 drills, and a new Marcotte HTM2500 drill purchased by the Company capable of drilling to depths of 2,550 metres (NQ core) which arrived on site in July 2025. Drill core samples are either NQ (47.75 mm diameter) or BQ (36.40 mm diameter). All samples are ½ core samples cut by a diamond saw on site and the remaining half of the core is retained for reference purposes. Samples are generally 1.0 to 1.5 metre intervals or less at the discretion of the site geologists. Sample preparation and lab analysis was completed at ALS Geochemistry in Johannesburg, South Africa. Commercially prepared Blank samples and certified Cu/Ni sulphide analytical control standards with a range of grades are inserted in every batch of 20 samples or a minimum of one set per sample batch. Analyses for Ni, Cu and Co are completed using a peroxide fusion preparation and ICP-AES finish (ME-ICP81). Analyses for Pt, Pd, and Au are by fire assay (30 grams nominal sample weight) with an ICP-AES finish (PGM-ICP23).Holes are numbered as follows: SMD (Selebi Main Deposit) + year + hole number starting at 201.BHEM SurveysThe BHEM surveys at Selebi utilize the Crone PEM system operated by local Batswana staff. Survey data is collected using a 3-component fluxgate probe collecting full waveform data. Surveys have been collected using timebases between 50 and 1000ms (0.25 Hz to 5 Hz). The data has been processed to a calculated residual step response to better quantify the conductive sources. This added processing has proven to be invaluable because of the size of the highly conductive mineralized system.Technical ReportThe MRE on the Selebi Mine is supported by the technical report entitled "Technical Report, Selebi Mines, Central District, Republic of Botswana" and dated September 20, 2024 (with an effective date of June 30, 2024) (the "Selebi Technical Report"), and prepared by SLR Consulting (Canada) Ltd. for NEXM. Reference should be made to the full text of the Selebi Technical Report, which was prepared in accordance with NI 43-101 and Subpart 1300 of Regulation S-K and is available on SEDAR+ (www.sedarplus.ca) and EDGAR (www.sec.gov), in each case, under NEXM's issuer profile.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
swhiteford @Scotty-770-4334Neither 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.Follow Us
X: https://x.com/NexMetalsCorp
LinkedIn: https://www.linkedin.com/company/NexMetalsMiningCorp
Facebook: https://www.facebook.com/NexMetalsMiningCorpCautionary Note Regarding Forward-Looking StatementsThis news release contains "forward-looking statements" within the meaning of the United States federal securities laws and "forward-looking information" within the meaning of applicable Canadian securities legislation (collectively, "forward-looking information") based on expectations, estimates and projections as at the date of this news release. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. For the purposes of this release, forward looking information includes, but is not limited to, the potential for additional high-grade resource expansion adjacent to the existing Selebi Main deposit; the potential to add significant tonnes in future MRE updates. These forward-looking statements, by their nature, require the Company to make certain assumptions and necessarily involve known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied in these forward-looking statements. Such assumptions include, without limitation: the Company's ability to successfully complete its planned exploration and drilling programmes; the geological interpretations of the Selebi Main deposit are accurate and additional mineralization can be identified; the Company will have sufficient funding and resources to carry out its exploration activities; the regulatory environment will remain favourable and all required permits and approvals will be obtained in a timely manner; general economic and market conditions will remain stable; and the Company's ability to retain qualified personnel. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, capital and operating costs varying significantly from estimates; the preliminary nature of drilling and metallurgical test results; the ability of exploration results to predict mineralization; the ability of the Company to implement its drilling, geoscience and metallurgical work on its properties and work plans generally; prefeasibility or the feasibility of mine production; delays in obtaining or failures to obtain required governmental, environmental or other project approvals; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets; inflation; fluctuations in commodity prices; delays in the development of projects; the other risks involved in the mineral exploration and development industry; and those risks set out in the Company's filings with the U.S. Securities and Exchange Commission on EDGAR (www.sec.gov) and public disclosure record on SEDAR+ (www.sedarplus.ca), in each case, under NEXM's issuer profile. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/285533
Original: NexMetals Reports 11.05 Metres of 7.31% CuEq in SMD-25-205 Located 130 Metres Down-Dip from the Selebi Main Resource Within the Emerging Selebi Main Flexure Zone

Posted on behalf of NexMetals Mining Corp. NEXM.v; NEXM — In a recent interview with Crux Investor, CEO Morgan Lekstrom details the comprehensive transformation of NexMetals Mining following a US$80 million financing.

The discussion focuses on how the company has "solved the smelter problem," fundamentally changing the economics of its past-producing copper-nickel-cobalt assets in Botswana.

Mr. Lekstrom commented, "We solved that metallurgy issue... I still don't think the markets quite understood how big that was for the company. You've taken a project that required a billion plus dollar smelter to be built to run it to not require that anymore. So you've deleted a huge amount of capex and opex potentially out of the project".

NEXM is now focused on an aggressive 2026 program to demonstrate district scale at the Selebi and Selkirk mines.

Full interview here:

Posted on behalf of NexMetals Mining Corp. NEXM.v; NEXM — NexMetals Mining has received recent coverage from Crux Investor, highlighting a complete transformation of the company's capital structure and project economics.

The feature outlines how NEXM has successfully "solved the smelter problem," transitioning from a high-capex integrated model to a streamlined, well-funded critical metals developer.

CEO, Morgan Lekstrom commented, "We took the medicine right now, the final cleanup stage, and now we can advance the assets. So, we're well capitalised to do that".

The coverage emphasizes that by securing US$80 million in institutional financing and achieving a metallurgical breakthrough, the company has cleared major technical and financial hurdles that previously impacted the assets.

NEXM is now focused on its aggressive 2026 program to demonstrate district scale at its Selebi and Selkirk mines in Botswana.

Full Crux Investor Article here: https://www.cruxinvestor.com/posts/nexmetals-mining-eliminates-smelter-risk-and-secures-us-80m-to-fast-track-botswana-copper-nickel-assets

Posted on behalf of NexMetals Mining Corp. NEXM.v; NEXGF — In a recent presentation at VRIC 2026, VP Communications and IR Jaclyn Ruptash detailed the company’s strategic acquisition and development of the past-producing Selebi and Selkirk mines in Botswana.

NexMetals acquired these assets out of liquidation, inheriting 10-year mining licenses and significant established infrastructure, including shafts, grid power, rail, and road access.

The current exploration strategy focuses on proving a continuous mineralized system between the Selebi North and Selebi Main deposits while advancing the open-pit potential at the Selkirk project.

Following a C$80 million capital raise in November 2025, the company has secured full title to its assets and is advancing toward an updated Mineral Resource Estimate and Preliminary Economic Assessment (PEA) in 2026.

Full Presentation here:

Posted on behalf of NexMetals Mining Corp. - Drilling at NexMetals' (NEXM.v NEXM) Selebi North Underground deposit in Botswana continues to demonstrate continuity of high-grade copper-nickel mineralization ahead of a planned 2026 MRE update. Drilling is ongoing, and more assays are pending. Full 📰⬇️
https://nexmetalsmining.com/investors/news-releases/nexmetals-drills-32-45-metres-of-4-61-cueq-including-5-88-cueq-over-9-65-metres-showing-continuity-of-high-grade-mineralization-at-selebi-north/

NexMetals Announces Board Resignation and AppointmentFebruary 9, 2026 7:00 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - 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
pmartin@nexmetalsmining.com Jaclyn Ruptash
V.P., Communications and Investor Relations

Posted on behalf of NexMetals Mining Corp. - NexMetals Mining Corp. (NEXM.v) (NEXM.US) recently reported assay results from an additional three drill holes that successfully intersected high-grade mineralization at its Selebi North Underground (SNUG) deposit.
Drilling highlights:
Drill Hole SNUG-25-194: intersected South Limb (Figure 1)
- South Limb: 32.45 metres of 4.61% CuEq (1.61% Cu, 1.46% Ni)
- including: 7.90 metres of 5.85% CuEq (1.11% Cu, 2.30% Ni)
- and: 9.65 metres of 5.88% CuEq (2.35% Cu, 1.72% Ni)
Results continue to strengthen confidence in the size and continuity of the deposit.
Looking to update the Mineral Resource Estimate ("MRE") with the 2025 resource expansion drillholes and updated metallurgical test results.
CEO Sean Whiteford commented: "These impressive assay results from SNUG-25-194 continue to confirm high-grade continuity along the down-plunge extension of the South Limb and reinforce our confidence in the growth potential of the deposit."
Today, NEXM also announced the appointment of Mr. David Eichenberg as vice president. He is a veteran Geoscientist and leader with 28 years of global experience in mining, study-level projects, exploration and project generative roles.
Full NRs here: https://www.newsfilecorp.com/release/238534/NexMetals-Reports-Assay-Results-at-Selebi-North-Underground-Including-32.45-Metres-of-4.61-CuEq
https://ceo.ca/@newsfile/nexmetals-appoints-david-eichenberg-as-vice-president

NexMetals Appoints David Eichenberg as Vice President, Geology and Grants Equity Incentive AwardsFebruary 2, 2026 7:00 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - February 2, 2026) - 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 began his career with DeBeers and held senior technical leadership roles with 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, Zimbabwe, 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 GrantsThe 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
swhiteford@nexmetalsmining.com Jaclyn Ruptash
V.P., Communications and Investor Relations

NexMetals Drills 32.45 Metres of 4.61% CuEq Including 5.88% CuEq Over 9.65 Metres Showing Continuity of High-Grade Mineralization at Selebi NorthJanuary 27, 2026 12:00 PM
NewsfileVancouver, British Columbia--(Newsfile Corp. - January 27, 2026) - NexMetals Mining Corp. (TSXV: NEXM) (NASDAQ: NEXM) (the "Company" or "NEXM") reports assay results from an additional three drill holes successfully intersecting high-grade mineralization at the Selebi North Underground ("SNUG") deposit. Drill holes SNUG-25-191, 192 and 194 were designed to test the strike continuity of mineralization in the down plunge extent of the South Limb of the Selebi North deposit.Highlights Drill Hole SNUG-25-194: intersected South Limb (Figure 1)
                  South Limb: 32.45 metres of 4.61% CuEq (1.61% Cu, 1.46% Ni)
                  including: 7.90 metres of 5.85% CuEq (1.11% Cu, 2.30% Ni)
                             and: 9.65 metres of 5.88% CuEq (2.35% Cu, 1.72% Ni)Results continue to strengthen confidence in the size and continuity of the deposit.Next StepsUpdate the Mineral Resource Estimate ("MRE") with the 2025 resource expansion drillholes and updated metallurgical test results.Drilling is ongoing and drill hole SNUG-25-200 is currently testing the down plunge extension of N3.Upon completion, the SNUG drill will transition to surface drilling for the 2026 Selebi Main resource expansion program (see news release dated January 15, 2026).Deliver assay results for SNUG-25-197 and SNUG-25-199 which are currently pending.Figure 1: Location of 2025 drill holes relative to the 2024 MRE and underground infrastructure.To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7759/281748_c6ba43fb1439cb03_002full.jpg Sean Whiteford, CEO of the Company, commented: "These impressive assay results from SNUG-25-194 continue to confirm high grade continuity along the down plunge extension of the South Limb and reinforce our confidence in the growth potential of the deposit. Since the initial 2024 MRE, an additional 42,000 metres of drilling has been completed, and mineralization has been extended to a distance of over 315 metres beyond the lower extent of the resource (see news release dated August 13, 2025). These results will be incorporated into an updated MRE, in 2026." Total metres drilled as part of the 2025 Selebi North Underground resource expansion program is 9,617 metres in 10 completed holes, 6 abandoned holes and 1 in-progress hole. Assay results for three of these holes are reported below in Table 1 and drill hole collar details are provided in Table 2. SNUG-25-191 and SNUG-25-192 were step-out holes to test South Limb mineralization along strike, and this drilling was required for the updated MRE. Both holes intersected South Limb mineralization outside the thick zone of mineralization in the fold nose. The various mineralized zones have been historically mined and subsequently named N2 Limb, N3 Limb and South Limb to demarcate their location on the folded mineralized horizon. Additional drilling is needed to properly determine true width of mineralization on each limb and define the folded mineralization.Table 1: Assay Results Selebi North Deposit Hole-IDFrom
(m)To
(m)Length
(m)1Cu
(%)Ni
(%)Co
(%)2LimbCuEq
(%)3SNUG-25-191666.60668.001.400.641.670.07South4.08SNUG-25-192796.85797.450.601.201.130.04South3.51SNUG-25-194789.10821.5532.451.611.460.08South4.61incl789.10797.007.901.112.300.12South5.85and802.50812.159.652.351.720.09South5.88and813.80816.752.952.141.390.07South5.00and818.80821.552.752.021.980.10South6.09 1Length refers to drillhole length and not true width. True widths are unknown because of widely spaced drillholes in folded mineralized horizon.
2Co is not included in the MRE as cobalt analyses are not consistently available throughout the deposit.
3CuEq was calculated using the formula CuEq=Cu+2.06*Ni assuming long-term prices of US$10.50/lb Ni and US$4.75/lb Cu, and nickel and copper recoveries of 72.0% and 92.4%, respectively, derived from metallurgical studies which consider a conceptual bulk concentrate scenario.Table 2: Drill Collar Information Selebi North Deposit HOLE IDMine 
EastMine 
NorthElevationDipMine
AzimuthHole 
LengthCommentSNUG-25-19135367.184410.681.18-62.2158.8752.7Rig #2 810mL P5SNUG-25-19235367.184410.581.19-56.2155.5857.7Rig #2 810mL P5SNUG-25-19435366.984410.681.22-55.4160.0950.8Rig #2 810mL P5 Qualified PersonAll scientific and technical information in this news release has been reviewed and approved by Sharon Taylor, VP Exploration of the Company, MSc, P.Geo, and a "qualified person" for the purposes of National Instrument 43-101 and Subpart 1300 of Regulation S-K.Quality ControlDrill core samples are BQTK (40.7 mm diameter). All samples are ½ core cut by a diamond saw on site. Half of the core is retained for reference purposes. Samples are generally 1.0 to 1.5 metre intervals or less at the discretion of the site geologists. Sample preparation and lab analysis was completed at ALS Chemex in Johannesburg, South Africa. Commercially prepared blank samples and certified Cu/Ni sulphide analytical control standards with a range of grades are inserted in every batch of 20 samples or a minimum of one set per sample batch. Analyses for Ni, Cu and Co are completed using a peroxide fusion preparation and ICP-AES finish (ME-ICP81).Holes are numbered as follows: SNUG (Selebi North Underground) + year + hole number starting at 013. Technical ReportThe MRE on the Selebi Mine is supported by the technical report entitled "Technical Report, Selebi Mines, Central District, Republic of Botswana" and dated September 20, 2024 (with an effective date of June 30, 2024) (the "Selebi Technical Report"), and prepared by SLR Consulting (Canada) Ltd. for NEXM. Reference should be made to the full text of the Selebi Technical Report, which was prepared in accordance with NI 43-101 and Subpart 1300 of Regulation S-K and is available on SEDAR+ (www.sedarplus.ca) and EDGAR (www.sec.gov), in each case, under NEXM's issuer profile.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
swhiteford@nexmetalsmining.com Jaclyn Ruptash
V.P., Communications and Investor Relations

Posted on behalf of NexMetals Mining Corp. – Last week, NexMetals (NEXM.v NEXM) reported strong initial results from its surface drilling program targeting the gap between the Selebi Main and Selebi North deposits: https://nexmetalsmining.com/investors/news-releases/nexmetals-drills-11-05-metres-of-sulphide-mineralization-and-demonstrates-clear-growth-potential-driven-by-the-hinge-program/

Notably, drilling intersected new massive and semi-massive sulphide mineralization outside the current Mineral Resource Estimate, confirming mineralization extends beyond existing boundaries and may thicken at depth.

Posted on behalf of NexMetals Mining Corp. - Today, NexMetals Mining (NEXM.v NEXM) reported initial results from its Selebi Main–Selebi North hinge drilling program, including an 11.05-metre sulphide mineralization intercept and new BHEM targeting that has identified the high-priority “Super Conductor” anomaly.

CEO Sean Whiteford highlighted that drilling is demonstrating that “high-grade mineralization continues well beyond the extents of the current MRE,” and that every hole drilled in the initial hinge program has intersected mineralization, which he said indicates the “full-scale potential” of the Selebi complex.

He also stated the focus for 2026 will be resource expansion at Selebi Main, targeting additional mineralization intended to be incorporated into an updated MRE, with the current priority being the Super Conductor to further define areas of thick mineralization.


📰⬇️
https://nexmetalsmining.com/investors/news-releases/nexmetals-drills-11-05-metres-of-sulphide-mineralization-and-demonstrates-clear-growth-potential-driven-by-the-hinge-program/

Posted on behalf of Nexmetals Mining Corp. - NexMetals has outlined a catalyst-rich work programs for 2026 across the Cu-Ni-Co-PGE, Selebi and Selkirk mines in Botswana, additionally, previously announced leadership traansition has been completed ahead of schedule and Sean Whiteford has assumed the role of Chief Executive Officer.

2025 built the platform:

- Secured unencumbered title to Selebi and Selkirk and strengthened the financial books.

- Expanded mineralization at Selebi Main and Selebi North; advanced underground development at Selebi North.

- Delivered positive metallurgy at Selebi (clean, saleable Cu and Ni-Co concentrates) and progressed Selkirk metallurgical work and resampling for modelling.

2026 strategy: - moving toward economics:

Selebi:

~30,000 m surface drilling + BHEM to expand resources, including testing the 2-km “Hinge” gap between Selebi Main and Selebi North.

- Additional underground development at Selebi North to support infill drilling.

- MRE update (H2 2026) and PEA (H2 2026) targeted.

- Ongoing flowsheet optimization.

Selkirk:

- Continued metallurgy and resampling to support MRE update (H1 2026); PEA timing contingent on results.

Near-term catalysts (H1 2026):

Initial assays and BHEM results from the Hinge program.

- Remaining Selebi North underground assays/BHEM.

- Selkirk metallurgy and resampling assays; results from airborne EM targets and soil programs.

Sean Whiteford, CEO of the Company, commented:

"With additional drills mobilized and the operational control that comes from owning our rigs, we are advancing our program efficiently and responsibly. Our 2026 work plan is structured to deliver drilling results and metallurgical data required to support updated resource estimates and future economic studies. We expect a steady flow of technical results throughout the year and believe the work completed in 2026 will significantly advance the projects and fully establish the scale and opportunity of the Selebi and Selkirk deposits. We look forward to sharing additional detail on our 2026 programs in due course."

https://www.newsfilecorp.com/release/280449

Posted on behalf of NexMetals Mining Corp. - NexMetals (NEXM.v NEXM) released final assays from 2025 metallurgical drilling at its Selkirk Cu-Ni-Co-PGE mine, highlighted by a 231m intercept of 1.09% CuEq. Results show wide, continuous mineralization supporting metallurgical work and resource growth.
https://nexmetalsmining.com/investors/news-releases/nexmetals-drills-231-metres-of-1-09-cueq-including-97-metres-of-1-28-cueq-establishing-scale-grade-and-expansion-potential-at-selkirk/

Posted on behalf of NexMetals Mining Corp. - On Dec 3, NEXM NEXM.v reported final results from 2025 drilling at its Selkirk Copper-Ni-Co-PGE Mine in Botswana, highlighted by a 231m intercept of 1.09% CuEq, indicating low strip ratio, open pit development potential. Full results breakdown here⬇️
https://stockhouse.com/companies/bullboard?symbol=v.nexm&postid=36810562

Posted on behalf of NexMetals Mining Corp. – Today, NexMetals (NEXM.v NEXM) announced a CEO transition effective January 31, 2026, with Morgan Lekstrom stepping down as Chief Executive Officer and remaining on the board, and current President Sean Whiteford appointed as CEO: https://nexmetalsmining.com/investors/news-releases/nexmetals-initiates-ceo-succession-plan/

Whiteford, who has over 30 years of industry experience including senior roles at BHP, Rio Tinto, and Cliffs Natural Resources, has been closely involved in guiding strategy and overseeing the Botswana projects as President and is viewed by the board as well positioned to lead the company into its next technical and development phase.

Posted on behalf of NexMetals Mining Corp. -NEXM is executing a turnaround in the copper–nickel–cobalt space: eliminating debt, securing a major institutional investor base, and solving the billion-dollar smelter problem that crippled past operators.

In an interview with Crux Investor, CEO Morgan Lekstrom walked through why the US$80M raise led by Condire Capital is more than a financing event — it is the foundation for a full-scale re-rating.

Why the raise matters:

• US$80M equity financing led by Condire (now a 9.9% holder); EdgePoinSelebieased its position.

• Institutional ownership jumped from 30% ? 75%.

• US$21M of legacy debt eliminated — the market overhang is gone.

• ~US$90M cash on hand with no near-term dilution required.

• Secures the US$25M milestone payment to finalize ownership of both Selebi and Selkirk.

Historically, the Selebi operations required an on-site smelter — a billion-dollar obstacle previous owners could not overcome.

NexMetals’ technical team changed that.

New concentrate-splitting metallurgy enables separate saleable copper and nickel concentrates, unlocking:

• Sub-US$500M capex per asset (vs. >US$1B for a smelter build)

• Cobalt recovery, previously uneconomic

• Lower execution risk, simplified permitting, and a dramatically smaller footprint

• Broader offtake options and lower energy intensity

Management believes the market still underestimates how transformative this is.

Two high-impact assets in a Tier-1 jurisdiction

Selebi:

• Past producer for 30+ years; underground workings remain intact

• ~30 Mt @ 3.35% CuEq (1.75% Cu, 1% Ni; cobalt pending inclusion)

• EM surveys indicate numerous high-priority expansion targets

• Several years of production access without major development

Selkirk:

• Open-pit profile; >200 Mt mineralized horizon (44 Mt currently in resource)

• 30,000 m reassay + new drilling complete

• Q1/26 resource update; Q2/26 PEA targeted

• New drilling: 231 m @ 1.09% CuEq, incl. 97 m @ 1.28% CuEq, confirming scale and continuity

2026 is about demonstrating district-scale potential and positioning for strategic pathways — internal development or M&A.

NexMetals has:

• The capital

• The metallurgical solution

• The institutional ownership base

• Two scale-ready copper–nickel–cobalt assets

• A compressed two-year strategic runway into 2026 PEAs

In a market defined by structural copper and nickel deficits — and increasing appetite from major miners — NexMetals is positioning itself as one of the most compelling turnaround-to-growth stories in the sector.

https://www.reddit.com/r/CNDpennystockbets/comments/1pl50bn/nexm_is_executing_a_turnaround_in_the/

NexMetals Mining (NEXM) CEO Morgan Lekstrom: Update and Breakthrough Metallurgical Work



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https://schrts.co/xivGRbzh

Posted on behalf of NexMetals Mining Corp. – Highlighted by 231m of 1.09% CuEq, NexMetals (NEXM.v NEXM) has delivered its strongest results yet from the Selkirk Cu-Ni-Co-PGE Mine, releasing final assays from the 2025 metallurgical drill program which marks a key step toward confirming Selkirk’s potential as a large, continuous, open-pittable deposit: https://www.reddit.com/r/InvestingCanada/comments/1pdl2tu/nexmetals_nexmv_nexm_announces_final_three_hole/

Posted on behalf of NexMetals Mining Corp. - Today, NexMetals Mining Corp. (NEXM.v NEXM) announced assay results from the final three holes of its 2025 metallurgical drill program at the past-producing Cu-Ni-Co-PGE Selkirk Mine in Botswana.

The highlight result came from hole SMET-25-009, which returned 231m of 1.09% CuEq, including 97.00m of 1.28% CuEq and a further 47.9m of 1.42% CuEq.

Beyond SMET-25-009, drilling also intersected mineralization both below and above the current MRE, highlighting the potential to expand the deposit at depth and toward surface.

All assay results from the 2025 program will be incorporated into an updated MRE.

Full details here: https://nexmetalsmining.com/investors/news-releases/nexmetals-drills-231-metres-of-1-09-cueq-including-97-metres-of-1-28-cueq-establishing-scale-grade-and-expansion-potential-at-selkirk/

Posted on behalf of NexMetals Mining Corp. - Today, NexMetals Mining (NEXM.v NEXM) announced that it has finalized the US$25M milestone payment under its Asset Purchase Agreements, securing full, unencumbered title to its Selebi & Selkirk copper-nickel-cobalt-PGE assets and positioning it to advance upcoming technical/operational programs. Full news here: https://premiumnickel.p8.adnetcms.com/investors/news-releases/nexmetals-metallurgical-assay-results-confirm-clea-11548/

Posted on behalf of NexMetals Mining Corp. - NEXM.v (NEXM) CEO Morgan Lekstrom explains how their recent US$80M financing has cleared legacy debt & fully-funded 2026 work at NEXM's past-producing Selebi & Selkirk copper-nickel-cobalt project. PEAs for both assets are expected next year.

Posted on Behalf of NexMetals Mining Corp. - Joining Crux Investor, NexMetals (NEXM.v) CEO Morgan Lekstrom detailed the company's advancment of two past-producing copper–nickel–cobalt and copper–nickel–platinum group metal assets in Botswana:

Notably, repairing the balance sheet and solving key metallurgical challenges were essential steps in unlocking the true value of NEXM's Botswana assets, thus, with those hurdles now cleared, NEXM is positioned for rapid value creation by demonstrating both scale and robust project economics.

Fully funded, with no need for near-term dilution, and advancing two derisked past-producing mines in a top-tier jurisdiction, the company sees a clear runway to its next major re-rating catalysts.

Posted on behalf of NexMetals Mining Corp. - NexMetals Mining (TSXV: NEXM) has just reset its balance sheet and unlocked a new development path with a blockbuster US$80M financing — effectively solving the historic “$1B smelter problem” at its Botswana assets.

What changed

• US$80M raise led by Condire Capital (9.9% holder); EdgePoint added

• ~US$21M debt cleared ? debt-free + ~US$90M cash

• Institutional ownership jumps to ~75%

• Fully funded through the 2026 work program

The real breakthrough: metallurgy

A new concentrate-splitting process removes the need for a rebuilt smelter and enables payable cobalt recovery — cutting potential capex to

Asset scale in a Tier-1 copper belt

• Selebi: ~30Mt @ 3.35% CuEq, existing underground access, 30+ yrs history

• Selkirk: >200Mt mineralized horizon; Q1/26 resource update + Q2/26 PEA targeted

2026 catalysts

• Dual PEAs

• Continued EM-driven expansion at Selebi

• Selkirk may attract JV/sale interest for non-dilutive funding

Backed by proven builders (ex-BlackRock, Detour, Gatos) and operating in mining-friendly Botswana, NexMetals is positioning as a scalable copper-nickel-cobalt platform just as majors hunt de-risked critical metals in structural deficit markets.

https://www.reddit.com/r/Wealthsimple_Penny/comments/1p1vwzp/nexmetals_mining_tsxv_nexm_80m_raise_clears_debt/

Mining Stocks Enter a Generational Opportunity: NexMetals at the Crossroads of the Cycle

Mining Stocks Enter a Generational Opportunity: NexMetals at the Crossroads of the Cycle
Veteran speculator Doug Casey recently called mining stocks “the most explosive opportunity of my lifetime”- citing record margins, extreme undervaluation, and near-zero public participation.

“Producers have all-in sustaining costs around $1,500/oz — and gold’s at $4,000/oz. Even after their recent run, gold stocks remain at the lowest level in history relative to market capitalization.” — Doug Casey

The setup Casey describes reflects a perfect alignment for investors seeking asymmetric exposure to metals poised for structural deficits — not just gold and silver, but the broader suite of critical energy-transition metals.

That’s where NexMetals Mining Corp. (TSXV: NEXM | NASDAQ: NEXM) fits in. The company is advancing the Selebi and Selkirk mines in Botswana — past-producing copper-nickel-cobalt assets with existing underground infrastructure and demonstrated metallurgical performance.

Strategic Positioning:

• Clean, Smelter-Ready Feed: Bulk testing confirmed copper and nickel-cobalt concentrates with impurities well below industry penalty levels.

• Critical Metals Exposure: Direct alignment with the U.S. 2025 Critical Minerals List additions — copper, nickel, cobalt.

• Low-Capex Restart Pathway: Utilizing existing shafts and plant infrastructure for rapid restart potential.

• Strong Balance Sheet: Backed by an upsized C$80 M offering to fund near-term project milestones.

As Casey notes, early-stage positioning in quality developers has historically delivered outsized returns during metal bull cycles. With copper nearing record territory and policy now favoring secure, low-carbon supply chains, NexMetals Mining stands out as a technically de-risked, clean-concentrate producer emerging at the intersection of critical-minerals policy and the next mining supercycle.

*Posted on behalf of NexMetals Mining Corp.

https://nexmetalsmining.com/

Last month NexMetals Mining Corp. (NEXM NEXM.v) announced that final concentrate assay results from its bulk sample-based metallurgical test program at the past-producing Selebi Mines in Botswana have confirmed the potential to produce clean, high-grade, saleable copper and nickel-cobalt concentrates.

Next Steps
- Based on findings from mineralogical studies, investigate the opportunity to reduce nickel losses of liberated nickel sulphide fines in nickel rougher tails by minimizing overgrinding and fines generation.
- Variability testing on additional Selebi samples.
- Use results to optimize the flowsheet and mining sequence to drive higher overall recoveries.

https://nexmetalsmining.com/investors/news-releases/nexmetals-metallurgical-assay-results-confirm-clean-copper-nickel-cobalt-concentrates-from-selebi-mines/

*Posted on behalf of NexMetals Mining Corp.

NexMetals Mining (NEXM.v NEXM) has upsized its financing to $80M amid strong institutional demand—the second increase from the original $50M offering. The funds will strengthen NEXM’s capacity to advance its Selebi and Selkirk nickel-copper projects and accelerate key milestones. Full details here⬇️
https://www.reddit.com/r/InvestingCanada/comments/1orbf4j/nexmetals_mining_nexmv_nexm_upsizes_public/

*Posted on behalf of NexMetals Mining Corp.

NexMetals (NEXM.v NEXM) recently upsized its public offering to $80M, the second increase in days amid strong institutional demand. Funds will advance Selebi & Selkirk Copper/Polymetallic mine redevelopment in Botswana and prepay milestone obligations as NEXM progresses its mine-restart strategy. Full news here: https://nexmetalsmining.com/investors/news-releases/nexmetals-announces-upsizing-of-public-offering-to-11625/

Posted on behalf of NexMetals Mining Corp.

Today, NexMetals (NEXM.v) announced that it has increased its previously planned public offering from up to C$65 million to C$80 million, marking the second upsizing due to strong interest from institutional investors: https://nexmetalsmining.com/investors/news-releases/nexmetals-announces-upsizing-of-public-offering-to-11625/

Notably, net proceeds will fund the prepayment of the first contingent milestone under the Selebi and Selkirk mine acquisition, advance exploration and development in Botswana, and support working capital needs. More info on NEXM's assets: https://www.reddit.com/r/InvestingCanada/comments/1o8l8jt/nexmetals_mining_nexmv_nexm_extends_nearsurface/