Vancouver, 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 ...

Vancouver, 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 m ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025 | Title of each class | Trading Symbol(s) | Name of each exchange on which registered | | --- | --- | --- | | Common Shares, no par value | NEXM | The Nasdaq Stock Market LLC | Securities registered pursuant to Section 12(g) of the Act: None OR ☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF ...

Core Viewpoint - NexMetals Mining Corp. reports significant high-grade drill results from its ongoing surface drilling program at the Selebi Main Flexure Zone, indicating strong potential for resource expansion beyond the current mineral resource estimate [1][9]. Summary by Sections Drill Results - Drill hole SMD-25-205 intersected two mineralization zones with 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) [8]. - Drill hole SMD-25-203 intersected a mineralized zone of 18.30 metres, located 685 metres beyond the current Selebi Main mineral resource estimate [8]. - Drill hole SMD-26-208 intersected three zones of massive and disseminated sulphides, with the upper zone showing 2.15 metres of massive sulphides [8]. - 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 mineral resource estimate [8]. Resource Expansion Potential - The results confirm the presence of an emerging Flexure Zone, indicating that the mineralized system extends beyond current resource boundaries, suggesting strong potential for adding significant tonnes in future mineral resource estimate updates [8][9]. - The Flexure Zone encompasses a recently identified 700 metre x 700 metre Super Conductor BHEM plate, along with additional strong conductive responses extending beyond SMD-25-203 [8]. Company Operations - The company has completed 15,540 metres of drilling across seven completed holes, one hole extension, and three holes currently in progress as part of the Selebi Main surface drilling program [9]. - The drilling program targets extensions of the Selebi Main mineralized system associated with high-priority BHEM conductors [9]. Technical Information - The mineralization estimates are supported by a technical report prepared in accordance with NI 43-101 and Subpart 1300 of Regulation S-K, which is available on SEDAR+ and EDGAR [20].

Company Changes - Morgan Lekstrom has resigned from the board of directors of NexMetals Mining Corp. effective immediately [1] - Sean Whiteford, the Company's Chief Executive Officer, has been reappointed to the Board to fill the vacant seat [1] Leadership Background - Mr. Lekstrom joined the Board in March 2025 and served as CEO until January 15, 2026, during which he led the restructuring of the Company in 2025 [2] - Paul Martin, Chairman of the Board, expressed gratitude for Mr. Lekstrom's contributions and wished him well in future endeavors [2] Company Overview - NexMetals Mining Corp. is a mineral exploration and development company listed on TSX.V and NASDAQ, focusing on redeveloping the Selebi and Selkirk copper-nickel-cobalt-platinum group element mines in Botswana [2] - The Company has confirmed that the scale of mineralization is larger than historical estimates, supported by NI 43-101-compliant resource estimates [2] - Ongoing programs include down-hole geophysics, drilling, and metallurgical studies aimed at expanding resources and supporting future economic studies [2] - The management and technical team has a proven track record in global mineral projects, emphasizing disciplined execution and long-term stakeholder value creation [2]

Core Insights - NexMetals Mining Corp. has appointed Mr. David Eichenberg as Vice President of Geology, effective immediately, bringing 28 years of global mining experience to the company [1][2] - The company has granted equity incentive awards, including 134,300 restricted share units (RSUs) and 50,000 stock options, to certain officers, employees, and consultants [3][4] Company Developments - Mr. Eichenberg has a strong background in geoscience, having held senior roles at DeBeers and Rio Tinto, and is recognized for his ability to build high-performing technical teams [2] - The RSUs granted will vest over a period of three years, with 47,800 RSUs vesting on the first anniversary and the remaining 86,500 RSUs vesting in two equal parts on the second and third anniversaries [3] - The stock options have an exercise price of C$8.00 per share and will vest immediately, with a two-year term from the date of grant [4] Company Profile - NexMetals Mining Corp. is focused on redeveloping the Selebi and Selkirk copper-nickel-cobalt-platinum group element mines in Botswana, with confirmed mineralization larger than historical estimates [5] - The company emphasizes disciplined execution, transparent governance, and long-term stakeholder value creation, supported by a management team with a proven track record in global mineral projects [5]

Core Insights - NexMetals Mining Corp. reports successful assay results from three drill holes at the Selebi North Underground deposit, confirming high-grade mineralization and continuity of the deposit [1][2]. Drill Results - Drill hole SNUG-25-194 intersected 32.45 metres of 4.61% CuEq, including 7.90 metres of 5.85% CuEq and 9.65 metres of 5.88% CuEq, indicating strong mineralization [2][7]. - The results from SNUG-25-191 and SNUG-25-192 also confirmed mineralization outside the thick zone, supporting the updated Mineral Resource Estimate (MRE) [7][8]. Future Plans - The company plans to update the MRE with results from the 2025 resource expansion drill holes and ongoing metallurgical tests [6][17]. - Drilling is ongoing, with SNUG-25-200 currently testing the down plunge extension of N3, and the drill will transition to surface drilling for the 2026 Selebi Main resource expansion program [6][7]. Company Overview - NexMetals Mining Corp. is focused on redeveloping the Selebi and Selkirk copper-nickel-cobalt-platinum group element mines in Botswana, with confirmed mineralization larger than historical estimates [17]. - The company emphasizes disciplined execution, transparent governance, and long-term stakeholder value creation [17].

Core Viewpoint - NexMetals Mining Corp. is positioned to accelerate resource growth and advance its Selebi and Selkirk projects in Botswana in 2026, following successful developments in 2025 [1][5]. Achievements in 2025 – Setting the Foundation for Growth - The company secured unencumbered title to the Selebi and Selkirk assets in Botswana after completing a milestone payment [5]. - A strengthened balance sheet was achieved through strategic financings to support exploration and development [5]. - The drill program advanced to target the two-kilometer gap between the Selebi Main and Selebi North deposits [5]. - Surface and underground exploration drilling expanded the mineralized footprint and improved geological understanding [5]. - Successful bench-scale testing of metallurgical flowsheets demonstrated the potential for producing high-grade, saleable copper and nickel cobalt concentrates [5]. 2026 Strategy Highlights – Moving Toward Economic Studies - The company plans to complete a Mineral Resource Estimate (MRE) update in H1 2026 and a Preliminary Economic Assessment (PEA) in H2 2026 [5][8]. - The Selebi Main surface drilling program will involve approximately 30,000 meters of drilling targeting resource expansion [5][8]. - Ongoing metallurgical testing aims to refine and optimize the metallurgical flowsheet for Selebi Mine material [5][8]. - The company expects a steady flow of technical results throughout 2026, which will significantly advance the projects [7]. Selkirk Mine – What to Expect in H1 2026 - The metallurgical drill program at Selkirk has been successfully completed, supporting resource modeling and future economic studies [5]. - The drill core resampling program at Selkirk was completed, which is essential for the upcoming MRE update [5]. - Assay results from exploration drilling and soil sampling programs are anticipated to provide further insights into resource potential [5].

Core Viewpoint - NexMetals Mining Corp. has appointed Warwick Morley-Jepson to its board of directors and as Co-Chair of the newly formed Safety, Sustainability and Technical Committee, which is seen as a strategic move to enhance the company's project development and operational capabilities [1][3]. Company Overview - NexMetals Mining Corp. is a mineral exploration and development company listed on TSXV and NASDAQ, focusing on redeveloping the Selebi and Selkirk copper-nickel-cobalt-platinum group element mines in Botswana [4]. - The company has confirmed that the scale of mineralization at its projects is larger than historical estimates, supported by NI 43-101-compliant resource estimates, and is currently engaged in down-hole geophysics, drilling, and metallurgical programs to expand resources [4]. Leadership and Experience - Warwick Morley-Jepson brings over 40 years of experience in the mining sector, having held senior operational and project development roles in notable global mining companies, including Kinross Gold Corporation and Ivanhoe Mines [2]. - His recent experience includes serving as Chairman and Interim CEO at Wesdome Gold Mines, which adds significant leadership expertise to NexMetals [2]. Strategic Importance - The addition of Morley-Jepson to the board is considered timely as the company aims to optimize its path forward for the Selebi and Selkirk assets, with his leadership expected to be critical in guiding key project decisions [3].

Core Viewpoint - NexMetals Mining Corp. announces a leadership transition with Mr. Morgan Lekstrom stepping down as CEO effective January 31, 2026, and Mr. Sean Whiteford being appointed as the new CEO [1][4]. Leadership Transition - Mr. Lekstrom has been pivotal in the company's restructuring and has raised over $145 million, including the conversion of a $20.8 million term loan and prepayment of a $25 million asset purchase agreement [2]. - Mr. Whiteford, with over 30 years of experience in exploration and operational roles, has been with the company for over three years and has guided its strategic direction [3][4]. Company Achievements - Under Mr. Lekstrom's leadership, the company advanced its projects in Botswana, including technical evaluations and a deep drilling program at the Selebi and Selkirk projects, with initial economic studies expected to be completed in 2026 [2][4]. - The company has strengthened its foundation for future growth, positioning itself for major milestones in 2026 [4]. Company Overview - NexMetals Mining Corp. focuses on the redevelopment of previously producing copper, nickel, and cobalt resources in Botswana [5]. - The company emphasizes governance through transparent accountability and has a team with extensive experience in mine discovery and development [6].