NexMetals Mining Corp.

NexMetals Mining Corp. announced the filing of an independent National Instrument 43-101 technical report for its Selkirk Project in Botswana. The report supports the 2026 Mineral Resource Estimate, which outlines an Indicated Mineral Resource of 78.2 million tonnes grading 0.66% copper equivalent (1.1 billion pounds CuEq) and an Inferred Mineral Resource of 15.1 million tonnes grading 0.60% CuEq (200 million pounds CuEq). This update reflects a 70% increase in the Selkirk Project's CuEq metal inventory and a significant conversion of resources from the Inferred to Indicated category. The company plans to file a related Regulation S-K 1300 compliant technical report soon.

NexMetals Mining Corp. reported significant assay results from its 30,000-metre surface drilling program at the Selebi Main deposit in Botswana. Drill hole SMD-26-212-W1 intersected 11.15 metres of 7.65% CuEq, highlighting a kilometre-scale trend of thick, high-grade massive sulphides that extends beyond the 2024 Mineral Resource Estimate. The company continues to validate its exploration model and expects to complete the 2026 MRE in Q3 2026, while also developing an integrated geological model to enhance future drill targeting.

NexMetals Mining Corp. announced an updated Mineral Resource Estimate (2026 MRE) for its Selkirk Project in Botswana, significantly increasing its contained copper equivalent (CuEq) metal inventory by approximately 63%. The update establishes 1.1 billion pounds of CuEq in the Indicated category and 200 million pounds in the Inferred category, enhancing resource confidence and reducing development risk. Key drivers for the increase include improved metallurgical recoveries, the inclusion of cobalt, silver, and gold as payable metals, and an expanded mineralized envelope, leading to a reduced strip ratio of 1.02:1.

NexMetals Mining Corp.'s wholly-owned subsidiary, Premium Resources International Ltd. (PRIL), has entered into a new Services & Consulting Agreement with ANZAC Consulting Ltd. This agreement, which replaces a prior one, outlines the terms for Boris Kamstra, COO of PRIL, to provide operational support and assistance. The new terms include an hourly consulting fee of US$230, reimbursement for approved expenses, and coverage for specific travel and tax costs.

NexMetals Mining Corp. reported encouraging visual results from its ongoing 30,000-meter surface drilling program at the Selebi Main deposit in Botswana, targeting the Flexure Zone. Drill hole SMD-26-212-W1 intersected a significant 11.15-meter interval of massive sulphides, with other holes also showing wide mineralization. These results support the expansion potential and continuity of the mineralized system, with assays pending. The company also included cautionary statements regarding mineral resource definitions under NI 43-101 versus S-K 1300.

NexMetals Mining Corp. held its Annual General Meeting on May 27, 2026, where shareholders approved all three proposals. This included the election of eight directors, the re-appointment of MNP LLP as the company's independent auditor, and the confirmation of the Company's omnibus equity incentive plan. Following the meeting, 153,100 deferred share units (DSUs) were granted to directors at a deemed price of $4.55 per DSU.

NexMetals Mining Corp. reported a net loss of $10.6 million for the three months ended March 31, 2026, a significant reduction from the $15.2 million loss in the prior-year period, primarily due to the absence of a one-time loss on Term Loan extinguishment. The company's cash and cash equivalents decreased to $26.2 million from $39.8 million at year-end 2025, and it continues to face material uncertainties regarding its ability to continue as a going concern. Operational cash burn increased, and the company remains in the exploration stage for its Botswana mining assets.

NexMetals Mining Corp. filed an Amendment No. 1 on Form 10-K/A to its Annual Report for the fiscal year ended December 31, 2025. The amendment primarily adds the auditor's signature, removes an unnecessary auditor consent, and includes CEO and CFO certifications as required by the Sarbanes-Oxley Act. The accompanying financial statements, which remain unchanged from the original filing, report a net loss of $59,086,325 for 2025 and include an auditor's warning regarding a material uncertainty related to the company's ability to continue as a going concern due to recurring losses.

NexMetals Mining Corp. announced significant assay results from its surface drilling program at the Selebi Mines Project in Botswana, expanding the known mineralization. Hole SMD-26-209 intersected 10.40 meters of 6.82% CuEq, extending the Selebi Main deposit 320 meters down-dip beyond the 2024 Mineral Resource Estimate (MRE). These results, along with other successful drill holes, confirm strong continuity and highlight the potential for a significantly larger updated MRE in the second half of 2026. The company also included cautionary statements regarding the nature of mineral resource estimates under different regulatory standards.

NexMetals Mining Corp. announced its Annual General Meeting (AGM) of shareholders will be held virtually on May 27, 2026. Shareholders will vote on the election of eight directors, the appointment of the independent auditor, and the approval of the Company's omnibus equity incentive plan. The record date for voting eligibility was April 22, 2026, and the Board unanimously recommends voting in favor of all proposed resolutions.