Announcement • Feb 14
Nexcel Metals Corp. Files an Independent National Instrument 43-101 - Standards of Disclosure for Mineral Projects
Nexcel Metals Corp. announced that it has filed an independent National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") technical report (the "Technical Report") for its Burnt Hill Tungsten Project (the "Project"), located in Stanley Parish, York County, New Brunswick, Canada. The Technical Report, titled "NI 43-101 Technical Report on the BurntHill Tungsten Project, New Brunswick", has an effective date of January 26, 2026, and was prepared for the Company by Derrick Strickland, P.Geo., an independent Qualified Person as defined under NI 43-101. Project Overview. The Burnt Hill Tungsten project is located approximately 95 kilometres north of Fredericton, New Brunswick, and consists of one contiguous non-surveyed mineral claim comprising 70 mining cells totaling approximately 1,540 hectares. The Project is accessible by established logging roads and is situated in a well-known historic tungsten mining district. Tungsten mineralization at Burnt Hill was first discovered in the late 1800s, with documented production occurring in 1915 and again between 1952 and 1956. Historical underground development, surface and underground drilling, and pilot-scale processing programs have been completed over several decades. Mineralization at Burnt Hill is hosted in quartz veins associated with granitic intrusions within the Miramichi Terrane. The principal mineral assemblage includes Wolframite, molybdenite, cassiterite, and pyrrhotite. The Technical Report recommends a two-phase exploration program: Phase 1 - Data Compilation and GIS Integration. Compilation of all historical data into a modern GIS platform. Phase 2 - Geological Mapping, Sampling and Geophysics. Preliminary geological mapping, surface sampling, and geophysical surveys. The recommended work program is designed to modernize the historical dataset, verify historical results, and support future exploration targeting. Technical Report Availability. The Technical Report is available under the Company's profile on SEDAR+ and is also available upon request from the Company. Qualified Person. Francis Newton, P.Geo, a consultant of the Company and a "Qualified Person" as defined in National Instrument 43-101 - standards of Disclosure for Mineral Projects, has reviewed, verified and approved the scientific and technical information contained in this news release. Mr. Newton is not independent of the Company. The Company also announces it has engaged Investor Insights Systems Inc. ("Investor Insights") for a term of three months commencing February 13th, 2026, to provide digital marketing services, including digital content creation, distribution, search engine marketing (SEM), pay-per-click (PPC) advertising and market awareness campaigns. Investor Insights will receive a total fee of USD 250,000 plus GST/HST, payable upfront, in consideration for services to be provided through the term of the engagement.
