Nexcel Metals appoints Giles as geological consultant

Executive Summary

• Nexcel Metals Corp. has appointed Graham Giles, PGeo, as a geological consultant specializing in GIS and data compilation to advance technical work on its Burnt Hill tungsten project in New Brunswick.
• The consultant’s primary objective is to compile, digitize, and verify historical geological, geophysical, geochemical, and drilling data to create an updated resource modeling framework, which will guide the company's Phase 1 exploration program.
• The company also announced the engagement of Venture Liquidity Providers Inc. (VLP) for market-making services for its common shares on the Canadian Securities Exchange, with monthly fees of $5,000 plus HST.

Key Details

• Consultant Appointment: Graham Giles, PGeo, MSc, appointed as GIS and Data Compilation Consultant.
• Consultant Experience: Over 15 years in mineral exploration, specializing in geological data compilation, database management, GIS integration, and resource modeling.
• Project Focus: Burnt Hill tungsten project, New Brunswick, Canada.
• Consultant Objectives:
  • Compile, digitize, and verify all available historical geological, geophysical, geochemical, and drilling data.
  • Integrate information into an updated geological and resource modeling framework.
  • Support the planning of Phase 1 exploration program.
• Phase 1 Exploration Goals:
  • Confirm and validate historical exploration data.
  • Identify priority targets for potential resource expansion.
• Burnt Hill Resource Data (NI 43-101 Indicated):
  • 1,761,000 tonnes averaging 0.292% WO3, 0.007% MoS2, and 0.008% SnO2.
• Burnt Hill Resource Data (NI 43-101 Inferred):
  • 1.52 million tonnes averaging 0.263% WO3, 0.008% MoS2, and 0.005% SnO2.
• Market Making Agreement:
  • Provider: Venture Liquidity Providers Inc. (VLP), acting through registered broker W.D. Latimer Co. Ltd.
  • Purpose: Maintain an orderly trading market for common shares on the Canadian Securities Exchange (CSE).
  • Cost: $5,000 plus HST per month.
  • Term: Three months starting Feb. 20, 2026, then month-to-month thereafter.
  • Termination: May be terminated at any time by either party.
  • Compensation: Cash only; no shares or options granted to VLP.
  • Relationship: Parties act at arm's length; VLP has no interest in the corporation.

Notable Quotes

• "Nexcel is taking a disciplined and methodical approach to advancing the Burnt Hill tungsten project," said Hugh Rogers, chief executive officer of Nexcel Metals. "A comprehensive review and integration of historical data is a critical first step in reducing technical risk and ensuring that our phase 1 exploration program is efficiently designed to target opportunities for resource expansion."