Announcement • Jun 17
Nexcel Metals Corp. Initiates Tender Process for 2026 Drill Program At the Burnt Hill Tungsten Project Nexcel Metals Corp. has initiated the contractor selection process for its inaugural diamond drill program at the Company's historic Burnt Hill Tungsten Project located in New Brunswick, Canada. The Company has issued a formal tender to several experienced drilling contractors and is currently soliciting bids for a diamond drilling program targeting approximately 5,000 metres for the initial work. The drill program is expected to commence in September 2026, subject to receipt of all necessary permits and customary operational preparations. The planned program represents a significant milestone in the advancement of the Burnt Hill Project and has been designed to confirm and expand upon the extensive historical tungsten mineralization identified across the property. Drilling will focus on testing known mineralized zones while also conducting step-out and infill drilling aimed at extending the mineralized footprint and improving the Company's understanding of the continuity and geometry of the tungsten-bearing system. The proposed campaign will target areas of historical drilling and mineralization with the objective of validating historical results, advancing the geological model, and supporting future resource evaluation work. The Company recently completed a helicopter-borne geophysical survey over the project and has engaged Condor North Consulting ULC to integrate and interpret the geophysical, geological, and historical exploration datasets. Results from this interpretation by Condor are expected to be delivered imminently and will be incorporated into final drill targeting and program planning. Burnt Hill is one of North America's historically significant tungsten occurrences and is situated within a mining-friendly jurisdiction with excellent access to infrastructure. The Company believes the project offers substantial exploration upside beyond the areas previously tested by historical operators. Further updates regarding contractor selection, drill targets, permitting, and mobilization schedules will be provided as they become available. The Burnt Hill tungsten/molybdenum property covers approximately 8,046 hectares in central New Brunswick and hosts a NI 43-101 indicated resource of 1,761,000 tonnes within an open pit and underground averaging 0.292% WO3, 0.007% MoS2 and 0.008% SnO2, along with a further 1,520,000 inferred tonnes averaging 0.263% WO3, 0.008% MoS2 and 0.005% SnO2, as presented below. The contained metal represented by this resource statement after converting the metal compound to contained metal equivalents for the respective metal compounds is as follows: (0.303% WO3) (79.29% Weight Percent Tungsten) (2,205 lbs/tonne) (527,000 tonnes) = 2.791,000,000 Mineral Resources Tungsten Molybdenum Tin Contained Metal (million pounds) (thousand pounds) (thousand pounds) Open Pit Indicated 2.79 34.82 45.76 Underground Indicated 6.19 130.46 192.867 Total Indicated 8.99 162.91 244.64 Open Pit Inferred 0.21 3.25 4.27 Underground Inferred 6.79 152.03 124.86 Total Inferred 6.99 160.71 131.98. In addition to the deposit area of the property, there are several other areas of identified tin, tungsten and molybdenum mineralization within the property boundary not yet at the resource stage. Announcement • May 27
Nexcel Metals Corp. has completed a Follow-on Equity Offering in the amount of CAD 2.51 million. Nexcel Metals Corp. has completed a Follow-on Equity Offering in the amount of CAD 2.51 million.
Security Name: Common Shares
Security Type: Common Stock
Securities Offered: 2,510,000
Price\Range: CAD 1
Discount Per Security: CAD 0.07 Announcement • Apr 30
Nexcel Metals Corp. has filed a Follow-on Equity Offering in the amount of CAD 5 million. Nexcel Metals Corp. has filed a Follow-on Equity Offering in the amount of CAD 5 million.
Security Name: Common Shares
Security Type: Common Stock
Price\Range: CAD 1
Discount Per Security: CAD 0.07
Security Name: Common Shares
Security Type: Common Stock
Price\Range: CAD 1
Discount Per Security: CAD 0.035 
