Northwire Canada EditionWednesday, November 11, 2026
Northwire
⌕
Gold 3,991.10 −1.0% Silver 51.73 +1.0% Copper 6.26 +0.5% Oil 86.39 +0.4% Palladium 1,031.50 +1.1% AWM 0.025 +0.0% OR 50.79 −1.8% AUXX 5.30 −5.5% TNR 0.420 +40.0% ORCL 0.030 +0.0% ELD 47.71 −5.4% OPW 0.140 −6.7% CDE 21.43 −1.2% AEM 265.03 −2.0% WDO 27.75 −2.0% BEA 0.090 +0.0% GAU 3.41 −4.2% BTO 7.38 −2.2% IMG 25.75 −2.2% BOL 0.050 −16.7% CNT 0.030 +0.0% Gold 3,991.10 −1.0% Silver 51.73 +1.0% Copper 6.26 +0.5% Oil 86.39 +0.4% Palladium 1,031.50 +1.1% AWM 0.025 +0.0% OR 50.79 −1.8% AUXX 5.30 −5.5% TNR 0.420 +40.0% ORCL 0.030 +0.0% ELD 47.71 −5.4% OPW 0.140 −6.7% CDE 21.43 −1.2% AEM 265.03 −2.0% WDO 27.75 −2.0% BEA 0.090 +0.0% GAU 3.41 −4.2% BTO 7.38 −2.2% IMG 25.75 −2.2% BOL 0.050 −16.7% CNT 0.030 +0.0%
M&A / Property

Nexcel Amends Agreement for the Acquisition of an Additional 42% Interest in the Burnt Hill Tungsten Project

NEXX · Price

Executive Summary

  • Nexcel Metals Corp. amended its January 30, 2026 Purchase Agreement to acquire an additional 42% interest in the Burnt Hill Tungsten Project, raising its total ownership to 71.58%.
  • The acquisition will be funded by issuing 3,931,094 common shares and 6,250,000 non‑transferable warrants (exercise price $0.90) to the Vendor, with hold periods and resale restrictions attached.
  • Closing is subject to customary conditions, including Canadian Securities Exchange approval; no finders’ fee will be payable.

Key Details

  • Amendment Scope: Increases Nexcel’s stake in Burnt Hill Project from 29.58% to 71.58% (additional 42%).
  • Consideration Shares: 3,931,094 common shares issued to Vendor.
  • Warrants: 6,250,000 non‑transferable warrants, each exercisable at $0.90 per share for three years from issuance.
  • Blocker Term: Warrants cannot be exercised if Vendor would hold >19.99% of outstanding shares without disinterested shareholder approval per CSE policy.
  • Hold Periods: All securities issued are subject to a 4‑month + 1‑day lock‑up; Consideration Shares have additional voluntary resale restrictions (15% restricted at 6, 12, 14, 18, 24, 30 months post‑closing; remaining 10% unrestricted).
  • Closing Conditions: Subject to customary conditions, including Exchange approval; no finders’ fee payable.
  • Related Agreements: References prior news release (Feb 2, 2026) and Option Agreement dated Oct 3, 2025 that allows Nexcel to earn up to an additional 28.42% interest from Cadillac Ventures Inc.

Notable Quotes

“On behalf of the Board of Directors” – Hugh Rogers, CEO


All boilerplate, forward‑looking statements and contact information have been omitted for brevity.

Read the original news release →

More from Nexcel Metals Corp.