Nexcel Announces Mineral Claims Purchase Agreement with Northex

(CSE:NEXX) (OTCQB:NXXCF) (FSE:2OH) Nexcel Metals Corp. has entered into a mineral claims purchase agreement with Northex Capital Partners Inc., an arm's length party, to acquire a 100% interest in a package of 180 mineral claims registered under the Mining Act (New Brunswick). The claims cover an area of 3,994 hectares located in York County, New Brunswick, contiguous to Nexcel's Burnt Hill Tungsten Project. The Northex Claims consist of the McLean Brook 001 claim (30 units, approximately 666 hectares) and the Burnthill North claim (150 units, approximately 3,328 hectares), which together surround the historic Burnt Hill tungsten mine claim on its northern, western, and southern sides and adjoin Nexcel's existing claims. The Northex Claims are at an early stage of exploration. Nexcel will acquire the 100% interest in the Northex Claims by issuing to Northex 1,000,000 common shares at a discounted deemed price of $0.472 per share, in accordance with the policies of the Canadian Securities Exchange. Northex will not retain any royalty, stream, or other continuing interest in the Northex Claims following closing. The Consideration Shares will be subject to a statutory hold period under applicable securities laws, resale restrictions required by the CSE, and a voluntary eight-month contractual hold period. Closing of the transaction is expected to take place five business days following the date of the Agreement, subject to acceptance of the CSE, and in any event on or before October 31, 2026. Nexcel's flagship Burnt Hill Tungsten Project is located in New Brunswick. The company also has the option to acquire a 100% interest in the Lac Ducharme REE project in Quebec. Hugh Rogers is the CEO and Director of Nexcel Metals Corp.

Nexcel Launches Market Making and Investor Awareness Engagements

(CSE:NEXX) (OTCQB:NXXCF) (FSE:2OH) Nexcel Metals Corp. has engaged Investor Insights Systems Inc. for an initial term of three months commencing September 21, 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, for services provided during the initial term. Nexcel retains the option to extend the campaign beyond the initial term for additional services, up to an additional USD $250,000 in total cash fees, by executing a new campaign schedule or a written amendment in accordance with the agreement. The engagement with Investor Insights will expire at either the end of the relevant time period or when the budget is fully spent. According to the company, neither Investor Insights nor its principals have any further interest, directly or indirectly, in the securities of Nexcel, and the company is at arms-length from Investor Insights. Services provided by Investor Insights will be overseen by Mac Foster. Nexcel has also engaged Independent Trading Group (ITG) to provide market-making services in accordance with Canadian Securities Exchange (CSE) policies. ITG will trade shares of Nexcel on the CSE and other trading venues with the objective of maintaining a reasonable market and improving the liquidity of the company's common shares. Under the agreement, ITG will receive compensation of CAD $6,000 per month, payable in advance. The agreement with ITG is for an initial term of one month and will renew for additional one-month terms unless terminated, with ITG commencing their services immediately. The agreement may be terminated by either party with 30 days' notice. There are no performance factors contained in the agreement and ITG will not receive shares or options as compensation. ITG and Nexcel are unrelated and unaffiliated entities, and at the time of the agreement, neither ITG nor its principals have an interest, directly or indirectly, in the securities of Nexcel.

Nexcel Metals Commences Core Relogging and Resampling Program at the Burnt Hill Tungsten Project, New Brunswick

(CSE:NEXX) (OTCQB:NXXCF) Nexcel Metals Corp. has commenced a core relogging and resampling program at its Burnt Hill Tungsten Project in central New Brunswick. The program is focused on 26 historical diamond drill holes totaling 5,687 meters, drilled at Burnt Hill in 1979 by Miramichi Lumber Company Ltd. and preserved at the New Brunswick government core storage facility at Madran, New Brunswick. An independent geological consulting firm has been retained to complete geostatistical analyses in preparation for an eventual independent mineral resource estimate. Phase 1 drilling at Burnt Hill is expected to commence later this month. The Burnt Hill Tungsten Project hosts a historic mineral resource estimate comprising an indicated mineral resource of 1.761 million tonnes grading 0.292% WO₃, 0.007% MoS₂ and 0.008% SnO₂, and an inferred mineral resource of 1.520 million tonnes grading 0.263% WO₃, 0.008% MoS₂ and 0.005% SnO₂. The Company plans to initially relog and sample five drill holes in their entirety, from top to bottom, to validate the historical assay data and build confidence in support of an eventual mineral resource estimate. The Company also has the option to acquire a 100% interest in the Lac Ducharme REE project in Quebec.

Nexcel Metals Selects Drilling Contactor for 2026 Drill Program at Burnt Hill Tungsten Project

(CSE: NEXX) (OTCQB: NXXCF) Nexcel Metals Corp. announced it has selected an experienced local drilling contractor for its fully permitted 2026 diamond drill program at the Burnt Hill Tungsten Project in central New Brunswick, Canada. 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. The Burnt Hill Project covers approximately 8,604 hectares and hosts a historical mineral resource estimate consisting of Indicated: 1.761 million tonnes grading 0.292% WO₃, 0.007% MoS₂ and 0.008% SnO₂, and Inferred: 1.520 million tonnes grading 0.263% WO₃, 0.008% MoS₂ and 0.005% SnO₂. 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. The 2026 drill campaign is designed to validate historical mineralization and support future resource growth, with mobilization activities expected to commence in August. The company also has the option to acquire a 100% interest in the Lac Ducharme REE project in Quebec. Nexcel cautions that the historical estimate should not be relied upon as a current mineral resource and there is no guarantee that all or any part of the historical estimate will be confirmed as a current mineral resource.

Nexcel Metals Expands Burnt Hill Tungsten Project Through Acquisition of Strategic Fitzgerald Claims

(CSE: NEXX) (OTCQB: NXXCF) Nexcel Metals Corp. has entered into an option agreement to acquire a 100% interest in a 500-hectare mineral claim package known as the Fitzgerald Claims, located within the Burnt Hill Tungsten Project of New Brunswick. The Fitzgerald Claims comprise 25 mineral claim units and are contiguous with several of Nexcel's existing claim blocks. Under the agreement dated June 21, 2026, Nexcel will pay an aggregate of $100,000 in cash and issue an aggregate 225,000 Shares to Roger Fitzgerald over a period of thirty-six (36) months. The property is situated within a region known for tungsten, tin, molybdenum and beryllium mineralization and hosts the historical Tin Hill occurrence. The company believes this acquisition will improve its ability to systematically explore, evaluate and advance targets across the project while protecting potential extensions of known mineralized systems. Nexcel will incorporate the Fitzgerald Claims into its ongoing exploration strategy for Burnt Hill, including the compilation of historical geological data, target generation and evaluation of future exploration programs. The company also has the option to acquire a 100% interest in the Lac Ducharme REE project in Quebec.

Nexcel Metals Receives Drill Permit Approval for 2026 Exploration Program at the Burnt Hill Tungsten Project, New Brunswick

(CSE: NEXX, OTCQB: NXXCF) Nexcel Metals Corp. announced it has received approval from the Province of New Brunswick to proceed with its planned diamond drilling program at the Burnt Hill Tungsten Project. The drill permit authorizes an initial exploration drill program consisting of approximately 5,000 metres of diamond drilling from up to 15 separate drill pad locations. The permit was issued by the New Brunswick Department of Natural Resources and Energy Development on June 19, 2026. The Burnt Hill Project currently hosts a historical NI 43-101 mineral resource comprising an indicated resource of 1.761 million tonnes grading 0.292% WO₃, 0.007% MoS₂ and 0.008% SnO₂, and an inferred resource of 1.520 million tonnes grading 0.263% WO₃, 0.008% MoS₂ and 0.005% SnO₂, as reported in the NI 43-101 Technical Report dated January 26, 2026. Commencement of the drill program is planned for September 2026 with mobilization expected in August 2026. The company expects to finalize drill contractor selection and mobilization plans in the coming weeks and will provide further updates regarding drill commencement, target prioritization and exploration activities as they become available.

Nexcel Metals Initiates Tender Process for 2026 Drill Program at the Burnt Hill Tungsten Project

(CSE: NEXX) Nexcel Metals Corp. has initiated the contractor selection process for its inaugural diamond drill program at the Burnt Hill Tungsten Project, 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 operational preparations. The Burnt Hill property covers approximately 8,046 hectares in central New Brunswick and hosts a NI 43-101 indicated resource of 1,761,000 tonnes averaging 0.292% WO3, 0.007% MoS2, and 0.008% SnO2, with a further 1,520,000 inferred tonnes averaging 0.263% WO3, 0.008% MoS2, and 0.005% SnO2. The contained metal for total indicated resources is 8.99 million pounds tungsten, 162.91 thousand pounds molybdenum, and 244.64 thousand pounds tin, while total inferred resources are 6.99 million pounds tungsten, 160.7 thousand pounds molybdenum, and 131.98 thousand pounds tin. The company recently completed a helicopter-borne geophysical survey and engaged Condor North Consulting ULC to integrate and interpret exploration datasets, with results expected imminently. Drilling will focus on testing known mineralized zones, conducting step-out and infill drilling, and validating historical results to support future resource evaluation work. The company projects that the initial drill program will confirm historical mineralization and test opportunities to expand the known tungsten system.

Nexcel Metals Submits Application for Drill Permits for Initial 2026 Drill Program at the Burnt Hill Tungsten Project, New Brunswick

Nexcel Metals Corp. (CSE: NEXX) (OTCQB: NXXCF) announced the submission of drill permit applications for its initial diamond drill program at the Burnt Hill Tungsten Project in New Brunswick. The Phase 1 drill program is designed to confirm historical drilling and advance the objective of re-establishing a current mineral resource at Burnt Hill. The initial program is expected to consist of approximately 15 drill holes totaling roughly 5,000 metres. Nexcel recently completed an airborne Time Domain Electromagnetic and magnetic survey over the Burnt Hill Project, with data processing and analysis underway by Condor North Consulting ULC. The Burnt Hill property covers approximately 8,046 hectares and hosts a NI 43-101 indicated resource of 1,761,000 tonnes and an inferred resource of 1,520,000 tonnes with specified grades of WO3, MoS2, and SnO2. The company will provide further updates as the permitting process advances and additional technical data becomes available. This announcement marks a significant milestone in advancing the Burnt Hill Project and is important for investors monitoring the company's progress in the tungsten sector.

Nexcel Closes $2.5 Million Brokered Public Offering of Common Shares

Nexcel Metals Corp. (CSE: NEXX) (OTCQB: NXXCF) announced the closing of its previously announced brokered "best efforts" public offering of 2,510,000 common shares at a price of $1.00 per share, raising aggregate gross proceeds of $2,510,000. The offering was completed pursuant to a prospectus supplement dated April 29, 2026, and an agency agreement with Research Capital Corporation as lead agent and bookrunner. The company paid the agent a cash commission of $175,700 and issued 175,700 broker warrants, each exercisable at $1.15 per share for 24 months, as well as a corporate finance fee of $50,000 in cash and $25,000 in shares. Nexcel intends to use the net proceeds for exploration at the Burnt Hill Property, Lac Ducharme Property option agreement payments, general and administrative costs, and working capital. An over-allotment option was granted to the agent for up to 376,500 additional shares at the offering price. The offering positions Nexcel to advance exploration and development activities at Burnt Hill and continue its critical minerals strategy in Canada. The company cautions that forward-looking statements are subject to various risks, including geopolitical conflicts and commodity prices.

Nexcel Completes Airborne Geophysical Survey at Burnt Hill and Proceeds to Data Set Analysis for Drill Target Definition

Nexcel Metals Corp. (CSE: NEXX) (OTCQB: NXXCF) announced the successful completion of its airborne geophysical survey program at the Burnt Hill Tungsten Project in New Brunswick, Canada. The survey, conducted by Xcalibur MPH (Canada) Ltd., covered approximately 1,755 line-kilometres using advanced HeliTEM® helicopter-borne TDEM and magnetic systems. The program aimed to identify conductive mineralization associated with tungsten-bearing systems and related intrusive structures at depth. Nexcel has engaged Condor North Consulting ULC to process, interpret, and analyze the newly acquired geophysical data alongside historical datasets. The objective is to establish a modern geophysical targeting model and prioritize drill targets for a planned Phase 1 drill program. The analysis will integrate multiple geophysical and geological datasets, including historical electromagnetic and induced polarization surveys. Next steps include Condor's comprehensive analysis and the generation of advanced targeting products to support drill targeting and future exploration planning.