NexMetals Drills 219 Metres of 1.03% CuEq, Including 157 Metres of 1.21% CuEq Demonstrating the Scale of Mineralization and Expansion Potential at Selkirk

Executive Summary

• NexMetals announced assay results from four additional holes (SMET‑25‑005, ‑006, ‑007, ‑008) of its 12‑hole 2025 metallurgical drilling program at the Selkirk Mine, bringing total disclosed holes to eight.
• Intercepts include wide high‑grade zones such as 219 m @ 1.03% CuEq and 157 m @ 1.21% CuEq, supporting the potential for near‑surface open‑pit expansion and resource growth beyond the current Mineral Resource Estimate (MRE).
• Results reinforce the scale and consistency of mineralization and suggest additional material above the US$25/tonne NSR cut‑off could be incorporated into future resource updates.

Key Details

• Hole SMET‑25‑005 – 219 m interval from 47 m to 266 m: 1.03% CuEq (0.39% Cu, 0.33% Ni, 0.61 ppm Pd, 0.14 ppm Pt).
• Hole SMET‑25‑005 (incl.) – 157 m interval from 109 m to 266 m: 1.21% CuEq (0.46% Cu, 0.38% Ni, 0.72 ppm Pd, 0.16 ppm Pt).
• Hole SMET‑25‑006 – 66.35 m interval from 20 m to 86.35 m: 1.17% CuEq (0.43% Cu, 0.41% Ni, 0.65 ppm Pd, 0.14 ppm Pt).
• Near‑surface intercepts outside the MRE but within the conceptual pit shell:
• SMET‑25‑005 – 48 m @ 0.57% CuEq (0.19% Cu, 0.20% Ni, 0.34 ppm Pd, 0.08 ppm Pt) starting at 47 m depth.
• Additional intervals reported for holes SMET‑25‑007 and SMET‑25‑008 with CuEq ranging from 0.73% to 1.61%.
• All drill core (HQ 63.5 mm) was sawn, quartered, and analyzed by ALS Chemex (Johannesburg) using peroxide fusion/ICP‑AES for base metals and fire assay/ICP‑AES for PGM/Au. Quality control included blanks and certified standards every 20 samples.
• Drill program executed by Discovery Drilling (Boyles 56 rig).
• Qualified Person: Sharon Taylor, VP Exploration, MSc, P.Geo, reviewed and approved technical content per NI 43‑101 and Regulation S‑K.

Notable Quotes

“These latest drill results reinforce the impressive scale and consistency of Selkirk. Mineralization remains open in multiple directions, with wide near‑surface zones highlighting resource expansion and open‑pit potential… positioning us well for the next steps in advancing the project.” – Morgan Lekstrom, CEO & Director

All boilerplate, forward‑looking statements, and company background have been omitted for brevity.