Tillkännagivande • Jul 15

Nexcel Metals Selects Drilling Contractor for 2026 Diamond Drill Program At Burnt Hill Tungsten Project

Nexcel Metals Corp. had selected an experienced local drilling contractor for the Company's fully permitted 2026 diamond drill program at its Burnt Hill Tungsten Project located in central New Brunswick, Canada. Following the Company's recent announcement regarding receipt of drill permits for the Burnt Hill Project, execution of the drilling services agreement represents another significant milestone in advancing the Burnt Hill Project toward active exploration and resource estimation. The initial exploration program is expected to consist of approximately 5,000 metres of NQ diamond drilling from up to 15 permitted drill pad locations designed to validate and expand the historically defined tungsten mineralization at Burnt Hill. Subject to an anticipated land access agreement, mobilization activities are expected to commence in August, with drilling anticipated to begin shortly thereafter. The inaugural drilling campaign has been designed to advance several key exploration objectives, including: validating historical tungsten, molybdenum and tin mineralization through twinning selected historical drill holes; confirming the continuity and geometry of known mineralized zones; testing extensions of historical mineralization through strategically positioned step-out drilling; improving geological confidence in areas of widely spaced historical drilling; integrating recently completed airborne TDEM and magnetic survey data with historical geological information to optimize drill targeting; and generating modern exploration data to support future mineral resource updates. The Company has recently completed an airborne geophysical survey over the property and continues to integrate those results with historical exploration data through its geological consultants to further refine drill targeting prior to commencement of drilling. The Burnt Hill Project covers approximately 8,604 hectares in central New Brunswick and hosts a historical mineral resource estimate (the "Historical Estimate"), summarized below and qualified in its entirety by the disclosure under the heading "Historical Estimate" below, consisting of: Indicated: 1,761,000 tonnes grading 0.292% WO3, 0.007% MoS2 and 0.008% SnO2; and Inferred: 1,520,000 tonnes grading 0.263% WO3, 0.008% MoS2 and 0.005% SnO2. Beyond the historical resource area, the property contains numerous additional tungsten, molybdenum and tin occurrences that remain largely untested by modern exploration and represent significant exploration upside. The historical mineral resource estimate for the Burnt Hill deposit disclosed above (the "Historical Estimate") is derived from the technical report titled "Deposit Modeling & NI 43-101 Resource Estimate, Burnt Hill Tungsten-Molybdenum-Tin Property, Stanley Parish, York County, New Brunswick", prepared for Cadillac Ventures Inc. by Southampton Associates Inc. and authored by David G. Wahl, P.Eng., P.Geo., and Phillip Burt, P.Geo., each an independent qualified person at the time, with an effective date of July 15, 2013 (the "2013 Technical Report"). Key assumptions, parameters and methods. The Historical Estimate was prepared from a database of 59 diamond drill holes and 259 underground channel samples, comprising 7,344 drill-core assays and 352 channel-sample assays. Reported tungsten, molybdenum and tin values were converted to WO3, MoS2 and SnO2 using gravimetric factors of 1.2611, 1.6684 and 1.2696, respectively. Assays were composited to one-metre downhole lengths and top-capped at 10% WO3, 0.5% MoS2 and 0.5% SnO2. Twenty-five mineralized quartz-vein wireframe zones (nominal 302° strike and approximately 60° northeast dip) were modelled, and grades were interpolated by an inverse-distance-squared method in Gemcom Surpac® into a block model of 5 m × 1 m × 5 m blocks, using search-ellipsoid ranges of 70 m for the Indicated category and 250 m for the Inferred category and a constant bulk density of 2.77 g/cm³. The Historical Estimate was reported at cut-off grades of 0.07% WO3 for potential open-pit material and 0.16% WO3 for potential underground material, based on assumptions of a tungsten price of USD 400/mtu WO3, metallurgical recovery of 85%, mining costs of CAD 2.50/t (open pit) and CAD 35.00/t (underground), processing costs of CAD 15.00/t, general and administrative costs of CAD 7.00/t, and a USD/CAD exchange rate of 0.95. On these parameters the Historical Estimate is summarized as follows: Category Mining Method Cut-off (% WO3) Tonnes WO3 (%) MoS2 (%) SnO2 (%) Indicated Open Pit 0.07 527,000 0.303 0.005 0.005 Indicated Underground 0.16 1,234,000 0.287 0.008 0.009 Indicated Total — 1,761,000 0.292 0.007 0.008 Inferred Open Pit 0.07 82,000 0.147 0.003 0.003 Inferred Underground 0.16 1,438,000 0.270 0.008 0.005 Inferred Total — 1,520,000 0.263 0.008 0.005. Tonnages are rounded to the nearest 1,000 tonnes; rounding may produce apparent discrepancies in totals. Mineral resources that are not mineral reserves do not have demonstrated economic viability. The Company considers the Historical Estimate to be relevant because it is the most recent mineral resource estimate on the Burnt Hill deposit and is a principal reason the Company is advancing the Project. The 2013 Technical Report was prepared by independent qualified persons under NI 43-101 as it read at that time and is based on a substantial drill-hole and channel-sampling database. However, a qualified person on behalf of the Company has not independently verified the historical drilling, sampling, analytical, survey or database information underlying the Historical Estimate, and cannot confirm its reliability. Investors are cautioned not to place undue reliance on the Historical Estimate. The Historical Estimate is reported using the categories "Indicated Mineral Resource" and "Inferred Mineral Resource". These are the same category terms as those defined in the CIM Definition Standards on Mineral Resources and Mineral Reserves (currently the version adopted by CIM Council on May 10, 2014) that are incorporated by reference in NI 43-101. The 2013 Technical Report states that these categories were prepared in accordance with the CIM Definition Standards in effect at that time (the version adopted November 27, 2010). The Company's qualified person has not undertaken the work necessary to confirm whether the categories used in the Historical Estimate conform to the current (May 10, 2014) CIM Definition Standards, and the historical categories should not be assumed to be equivalent to current CIM Mineral Resource categories. The Historical Estimate, with an effective date of July 15, 2013, is the most recent mineral resource estimate for the Burnt Hill deposit of which the Company is aware, and the Company is not aware of any more recent estimate or of more recent data that would materially affect it. Earlier estimates of the deposit — a preliminary estimate prepared by A.C.A.

Metals and Mining Tillväxt i branschen	29.18%
Intäkternas tillväxttakt	n/a
Avkastning på eget kapital	-9.45%
Nettomarginal	n/a
Senaste uppdateringen av resultatet	31 May 2026

Datum	Intäkter	G+A Kostnader
31 May 26	-1	1
28 Feb 26	-1	1
30 Nov 25	0	0
31 Aug 25	0	0
31 May 25	0	0
28 Feb 25	0	0

Uppgifter	Senast uppdaterad (UTC-tid)
Analys av företag	2026/09/09 17:25
Aktiekurs vid dagens slut	2026/09/09 00:00
Intäkter	2026/05/31
Årlig intjäning	2026/02/28

Paket	Uppgifter	Tidsram	Exempel US-källa
Företagets finansiella ställning	10 år	Resultaträkning Kassaflödesanalys Balansräkning	SEC Form 10-K SEC Form 10-Q
Analytikernas konsensusuppskattningar	+3 år	Prognos för finansiella poster Analytikernas prismål	Rapporter från analytiker Blue Matrix
Marknadspriser	30 år	Aktiekurser Utdelningar, splittar och åtgärder	ICE Marknadsdata SEC Form S-1
Ägarskap	10 år	Största aktieägare Insiderhandel	SEC Formulär 4 SEC Formulär 13D
Förvaltning	10 år	Ledningsgrupp Styrelse och verkställande direktörer	SEC Form 10-K SEC Form DEF 14A
Viktiga utvecklingstendenser	10 år	Företagsmeddelanden	SEC Formulär 8-K

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