Original News Release
Nexcel Metals appoints Giles as geological consultant
Mr. Hugh Rogers reports
NEXCEL METALS ANNOUNCES APPOINTMENT OF GIS AND DATA COMPILATION CONSULTANT TO ADVANCE BURNT HILL TUNGSTEN PROJECT
Nexcel Metals Corp. has appointed an experienced geological consultant, Graham Giles, PGeo, MSc, who specializes in GIS (geographic information systems), historical data compilation and resource modelling to advance technical work at the company's Burnt Hill tungsten project, located in New Brunswick, Canada. The Company recently announced that a National Instrument 43-101 technical report on the Burnt Hill tungsten project was published on behalf of Nexcel Metals (see news release dated Feb. 12, 2026).
The consultant brings more than 15 years of experience in mineral exploration with a strong focus on geological data compilation, database management, GIS integration, and geological and resource modelling. His background includes supporting exploration- and development-stage projects through the validation and integration of historical data sets to improve geological understanding and guide future exploration programs.
The short-term objective of the consultant's appointment is to compile, digitize and verify all available historical geological, geophysical, geochemical and drilling data associated with the Burnt Hill tungsten project and to integrate this information into an updated geological and resource modelling framework.
The results of the historical data compilation and updated resource modelling will be used to plan the company's phase 1 exploration program at Burnt Hill. Phase 1 exploration is designed to:
Confirm and validate historical exploration data;
Identify priority targets for potential resource expansion within the project area.
"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."
The company believes that this data-driven approach will allow Nexcel to optimize exploration planning, allocate capital more effectively and accelerate progress toward unlocking the full potential of the Burnt Hill tungsten project.
About the Burnt Hill tungsten project
The Burnt Hill tungsten/molybdenum property covers approximately 1,540 hectares in central New Brunswick and hosts an NI 43-101 indicated resource of 1,761,000 tonnes within an open-pit and underground averaging 0.292 per cent WO3 (tungsten trioxide), 0.007 per cent MoS2 (molybdenum disulphide) and 0.008 per cent SnO2 (tin oxide), along with a further 1.52 million inferred tonnes averaging 0.263 per cent WO3, 0.008 per cent MoS2 and 0.005 per cent SnO2, as presented below. Also presented below, extracted from the 2013 resource report, is a statement of contained metal. In addition to the deposit area of the property, there are several other areas of identified tin, tungsten and molybdenum mineralization within the property boundary not yet at the resource stage.
The contained metal represented by this resource statement after converting the metal compound to contained metal equivalents for the respective metal compounds is as follows.
The company also announces that it has, subject to regulatory approval, engaged the services of Venture Liquidity Providers Inc, (VLP) for market-making service to provide assistance in maintaining an orderly trading market for the common shares of the company traded on the Canadian Securities Exchange.
The market-making service will be undertaken by VLP through a registered broker, W.D. Latimer Co. Ltd., in compliance with the applicable policies of the CSE and other applicable laws. For its services, the corporation has agreed to pay VLP $5,000 plus HST (harmonized sales tax) per month for a period of three months and then on a month-to-month basis thereafter, beginning Feb. 20, 2026. The agreement may be terminated at any time by the corporation or VLP. The corporation and VLP act at arm's length, and VLP has no present interest, directly or indirectly, in the corporation or its securities. VLP will not receive shares or options as compensation for its services. The finances and the shares required for the market-making service are provided by W.D. Latimer. The fee paid by the company to VLP is for services only.
VLP is a specialized consulting firm based in Toronto providing a variety of services focused on CSE-listed issuers. VLP's chief executive officer, J.C. Cunningham, can be reached by telephone at 416-891-4349 or by e-mail at [email protected].
Qualified person
Francis Newton, PGeo, a consultant of the company and a qualified person as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects, has reviewed, verified and approved the scientific and technical information contained in this news release. Mr. Newton is not independent of the company.
About Nexcel Metals Corp.
Nexcel Metals is a junior mining company engaged in the acquisition, exploration and development of mineral properties. The company is currently focused on the Lac Ducharme project, located in the province of Quebec, and the Burnt Hill project, located in the province of New Brunswick.
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