Nexcel Metals increases Burnt Hill to 5,677 hectares

Executive Summary

• Nexcel Metals Corp. has significantly expanded its Burnt Hill tungsten project in New Brunswick, Canada, by staking additional mineral claims contiguous to the existing property.
• The total project footprint has increased from 1,540 hectares to approximately 5,677 hectares, more than tripling the size of the land package.
• The expansion targets a granite-related structural corridor interpreted to be associated with known tungsten mineralization, positioning the company for a planned Phase 1 drill program scheduled for the summer of 2026.

Key Details

• Land Expansion: The project size increased from 1,540 hectares to approximately 5,677 hectares through the strategic staking of new claims.
• Geological Rationale: New claims cover extensions of a granite-related structural corridor closely associated with known tungsten mineralization, providing increased exposure to favorable granite-associated trends and additional untested exploration targets.
• Exploration Strategy: The expanded footprint allows for the evaluation of a broader range of targets, including newly identified geophysical and geological targets, to confirm and expand known zones of tungsten mineralization.
• Drill Program: A Phase 1 drill program is scheduled for the summer of 2026 to test the expanded property and generate high-quality drill targets.
• Resource Data (NI 43-101):
  • Indicated Resource: 1,761,000 tonnes averaging 0.292% WO3, 0.007% MoS2, and 0.008% SnO2.
  • Inferred Resource: 1.52 million tonnes averaging 0.263% WO3, 0.008% MoS2, and 0.005% SnO2.
  • Contained Metal Equivalents: The release notes that contained metal equivalents are presented in the original document (though specific tonnage of contained metal is not explicitly listed in the provided text, the grade and tonnage data are included).
  • Additional Mineralization: Several other areas of identified tin, tungsten, and molybdenum mineralization exist within the property boundary but are not yet at the resource stage.
• Qualified Person: Francis Newton, PGeo, consultant and qualified person under NI 43-101, has reviewed and approved the scientific and technical information.

Notable Quotes

• "This strategic expansion of the Burnt Hill project significantly strengthens our control over a highly prospective tungsten system. By staking ground along the interpreted granite fault associated with known mineralization, we are extending our footprint into areas we believe have strong potential to host additional tungsten zones. With the project now more than tripling in size, we have created a much larger exploration pipeline and are well positioned to generate and test multiple high-quality targets as we move toward our planned summer 2026 drill program." — Hugh Rogers, Chief Executive Officer