- NexMetals Mining Corp. (NEXM) has **increased its public offering** from up to C$65,000,000 to up to **C$80,000,000** due to strong demand from institutional investors.  **[795800_0001493152-25-020167_ex99-1.htm:0]** **[795800_0001493152-25-020167_form8-k.htm:1]** 
- The offering consists of up to **14,035,100 Units**, with each Unit comprising one common share and one common share purchase warrant exercisable at **C$8.00** for 24 months.  **[795800_0001493152-25-020167_ex99-1.htm:0]** 
- Net proceeds are intended to fund the prepayment of a milestone payment for the Selebi and Selkirk mines, advance exploration and development activities in Botswana, and for working capital and general corporate purposes.  **[795800_0001493152-25-020167_ex99-1.htm:0]** 
- The offering is expected to close on or about **November 13, 2025**.  **[795800_0001493152-25-020167_ex99-1.htm:0]**

NexMetals Upsizes Public Offering to C$80 Million

- NexMetals Mining Corp. announced a **"best efforts" public offering** of up to **C$65 million**.  **[795800_0001493152-25-019847_ex99-1.htm:0]** 
- Each unit, priced at **C$5.70**, includes one common share and one common share purchase warrant, with each warrant allowing the holder to acquire an additional common share at **C$8.00** for 24 months.  **[795800_0001493152-25-019847_ex99-1.htm:0]** 
- The net proceeds are intended to **prepay the first contingent milestone payment** for the Selebi and Selkirk mines, advance exploration in Botswana, and for general corporate purposes.  **[795800_0001493152-25-019847_ex99-1.htm:0]** 
- The offering, which was **upsized from $50 million** due to strong demand, is expected to close around **November 13, 2025**.  **[795800_0001493152-25-019847_ex99-1.htm:0]**

NexMetals Mining Corp. Announces C$65 Million Public Offering of Units

- **NexMetals Mining Corp.** announced **positive metallurgical assay results** from its bulk sample test program at the **Selebi Mines in Botswana** on **October 22, 2025**.  **[795800_0001493152-25-018863_ex99-1.htm:0]** **[795800_0001493152-25-018863_form8-k.htm:1]** 
- The results confirm the potential to produce **clean, high-grade, saleable copper and nickel-cobalt concentrates** that meet **industry-standard smelter acceptance criteria**.  **[795800_0001493152-25-018863_ex99-1.htm:0]** 
- Both concentrates exhibit **very low levels of deleterious elements**, falling below industry-standard penalty thresholds.  **[795800_0001493152-25-018863_ex99-1.htm:0]** **[795800_0001493152-25-018863_ex99-1.htm:1]** 
- This outcome supports a **low-capital restart pathway** for operations, as it eliminates the need for an on-site smelter or hydrometallurgical plant, thereby reducing capital intensity and execution risk.  **[795800_0001493152-25-018863_ex99-1.htm:0]**

NexMetals Mining Corp. Announces Positive Metallurgical Assay Results for Selebi Mines

- NexMetals Mining Corp. announced **assay results** from **4 additional holes** of its 2025 metallurgical drilling program at the **Selkirk Mine in Botswana**, bringing the total released holes to **8 of 11** as of October 7, 2025.  **[795800_0001493152-25-017200_ex99-1.htm:0]** 
- Key results include drill hole SMET-25-005 intersecting **219.00 metres of 1.03% CuEq**, which included **157.00 metres of 1.21% CuEq**.  **[795800_0001493152-25-017200_ex99-1.htm:0]** **[795800_0001493152-25-017200_ex99-1.htm:1]** 
- These results reinforce the **scale and consistency of mineralization** at Selkirk and indicate **potential for resource expansion** and **open-pit development**.  **[795800_0001493152-25-017200_ex99-1.htm:0]**

NexMetals Mining Corp. Announces Selkirk Mine Drill Assay Results

- NexMetals Mining Corp. announced the intersection of **32.60 metres of continuous mineralization**, including **19.90 metres of massive sulphide**, in drill hole SNUG-25-194 at its Selebi North Underground (SNUG) deposit.  **[795800_0001493152-25-016464_ex99-1.htm:0]** 
- This intersection represents the **thickest interval of mineralization** drilled by the company in its 2025 resource expansion program.  **[795800_0001493152-25-016464_ex99-1.htm:0]** 
- The drill hole successfully **bridged two major step-out holes**, confirming down-plunge continuity and strengthening the geological model, which is expected to support a **potential expansion of the resource envelope** for a future updated Mineral Resource Estimate.  **[795800_0001493152-25-016464_ex99-1.htm:0]**

NexMetals Mining Corp. Intersects Significant Mineralization at Selebi North

- NexMetals Mining Corp. announced assay results from its metallurgical drilling program at the **Selkirk Mine in Botswana** on **September 23, 2025**.  **[795800_0001493152-25-014543_ex99-1.htm:0]** **[795800_0001493152-25-014543_form8-k.htm:1]** 
- Drill hole SMET-25-004 intersected a wide interval of continuous mineralization, including **210.00 metres of 1.06% CuEq**, with a higher-grade section of **74.00 metres of 1.28% CuEq**.  **[795800_0001493152-25-014543_ex99-1.htm:0]** 
- Drill hole SMET-25-001 showed **45.00 metres of 0.69% CuEq** starting at 13.00 metres from the surface, indicating potential for expansion of the deposit outside the Mineral Resource Estimate but within the conceptual pit shell.  **[795800_0001493152-25-014543_ex99-1.htm:0]** 
- These results highlight the **substantial scale** and consistency of the Selkirk deposit, reinforcing its potential for open-pit development.  **[795800_0001493152-25-014543_ex99-1.htm:0]**

NexMetals Mining Corp. Announces Significant Drill Results at Selkirk Mine

- NexMetals Mining Corp. announced significant assay results from two holes of its 2025 metallurgical drilling program at the Selkirk Mine in Botswana on **September 18, 2025**.  **[795800_0001493152-25-013967_ex99-1.htm:0]** **[795800_0001493152-25-013967_form8-k.htm:1]** 
- Key findings include drill hole SMET-25-003 intersecting **201.30 metres of 0.91% CuEq**, including **158.75 metres of 1.00% CuEq**, and SMET-25-002 showing **85.00 metres of 0.98% CuEq**.  **[795800_0001493152-25-013967_ex99-1.htm:0]** **[795800_0001493152-25-013967_ex99-1.htm:1]** 
- These results demonstrate **consistent mineralization** and **expansion potential** near the surface, with mineralization identified outside the current Mineral Resource Estimate but within the conceptual pit shell, supporting **open-pit development potential**.  **[795800_0001493152-25-013967_ex99-1.htm:0]**

NexMetals Mining Corp. reports significant drill results from Selkirk Mine

- NexMetals Mining Corp. (NEXM) announced a **metallurgical breakthrough** at its Selebi Mines in Botswana, enabling the production of separate **high-grade saleable copper and nickel-cobalt concentrates**.  **[795800_0001641172-25-026329_ex99-1.htm:0]** 
- This development potentially **eliminates the need for an on-site smelter or hydrometallurgical facility**, which significantly **de-risks capital requirements** and operational complexity for future production.  **[795800_0001641172-25-026329_ex99-1.htm:0]** **[795800_0001641172-25-026329_ex99-1.htm:1]** 
- Initial metallurgical testing achieved **87.0% Cu recovery** for copper concentrate and **55.9% Ni recovery** and **64.7% Co recovery** for nickel concentrate.  **[795800_0001641172-25-026329_ex99-1.htm:0]** 
- The company anticipates this breakthrough will lead to a **faster and more efficient restart** of the Selebi Mines with **significantly lower capital costs**.  **[795800_0001641172-25-026329_ex99-1.htm:0]** **[795800_0001641172-25-026329_ex99-1.htm:1]**

NexMetals Announces Metallurgical Breakthrough at Selebi Mines

- NexMetals Mining Corp. announced initial re-assay results from **6 drill holes** at its Selkirk Mine in Botswana on **August 28, 2025**, as part of an ongoing **34-hole resampling program**.  **[795800_0001641172-25-025758_ex99-1.htm:0]** **[795800_0001641172-25-025758_form8-k.htm:1]** 
- Key results include **107.0 metres of 0.94% CuEq** (including **91.00 metres of 0.99% CuEq**) from hole DSLK129 within the current Mineral Resource Estimate (MRE).  **[795800_0001641172-25-025758_ex99-1.htm:0]** 
- Hole DSLK130, located outside the MRE but within the conceptualized pit shell, returned **123.1 metres of 0.47% CuEq**, demonstrating **potential for expansion** of the deposit.  **[795800_0001641172-25-025758_ex99-1.htm:0]** 
- The re-assay program, which now includes Platinum Group Elements (PGEs), highlights the **potential to expand the MRE** as PGEs were incompletely tested in the past.  **[795800_0001641172-25-025758_ex99-1.htm:0]**

NexMetals Mining (NEXM)