Nine Mile Metals Maintains Wedge Project Purchase Option with Third Anniversary Payments

Executive Summary

• Nine Mile Metals exercised the third‑anniversary cash payment ($40,000) and issued 300,000 common shares to complete its option to acquire 100 % of the Wedge VMS Project from Slam Exploration.
• The company released certified drill results from the Fall 2025 Phase 2 program at the Wedge Mine, confirming high‑grade copper mineralization and supporting a larger, higher‑grade deposit than previously modeled.
• Nine Mile entered into a six‑month market‑making and issuer services agreement with Generation IACP Inc., paying an $8,500 CAD monthly fee (subject to 3 % annual increases) to improve share liquidity.

Key Details

• Option Agreement Payment – Cash payment of $40,000 made; 300,000 common shares issued (hold period expires 4 months + 1 day after issuance).
• Remaining Obligation – One further anniversary payment due February 2027: cash $50,000 plus issuance of 400,000 common shares to achieve full ownership of the Wedge Project.
• Wedge VMS Project Scope – 35.83 km² covering Wedge Mine, West Wedge, and Tribag targets along an 8 km exploration trend.
• Fall 2025 Phase 2 Drill Program – Certified assay results released (details not itemized in release) showing continued high‑grade copper mineralization at depth and to the southwest; supports goal of proving economic viability and larger deposit size.
• Upcoming 2026 Drilling – Planned Phase 3 program at Wedge Mine and new drill targets at West Wedge & Tribag zones (graphics referenced).
• Market‑Making Agreement – Six‑month term with Generation IACP Inc.; monthly fee $8,500 CAD plus taxes; automatic 3 % annual increase after initial term; no stock options or equity compensation granted.
• Purpose of Market‑Making – Provide liquidity, monitor trading patterns, and correct temporary supply/demand imbalances on CSE and other venues.
• Quotes
• Gary Lohman (VP Exploration & Director): emphasized completion of purchase agreement milestone and the quality of assay results.
• Patrick J. Cruickshank (CEO & Director): highlighted high‑grade copper findings, upcoming drilling plans, and a busy 2026 exploration schedule.
• Jonathan Holmes (Director, Generation IACP): noted strong trading volume (>90 M shares Dec–Jan 2026) and the strategic fit of the market‑making relationship.

Notable Quotes

• “This completes a crucial stage in the completing of the Purchase Agreement with Slam Exploration… Assay results reported to date further demonstrate the hidden quality of the Wedge.” – Gary Lohman, VP Exploration & Director
• “The continued success in our Wedge Mine Drill Programs clearly displays the high‑grade copper ore remaining in the deposit… 2026 will be a very busy exploration year.” – Patrick J. Cruickshank, CEO & Director
• “We have seen extremely strong trading volume and interest… The relationship with Generation IACP complements our capital markets strategy…” – Jonathan Holmes, Director, Generation IACP