• Nexcel Metals agreed to acquire a 100% interest in 180 mineral claims in New Brunswick from Northex Capital Partners.
• The claims cover 3,994 hectares in York County, adjoining the buyer's Burnt Hill Tungsten Project.
• Consideration comprises 1,000,000 common shares at a discounted deemed price of $0.472 per share.
• Northex will retain no royalty, stream or other continuing interest in the claims following closing.
• Closing is expected within five business days of the agreement, subject to CSE acceptance, no later than October 31, 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Nexcel Metals Corp. published the original content used to generate this news brief via Newsfile (Ref. ID: 202610160800NEWSFILECNPR____20261016_319325_1) on October 16, 2026, and is solely responsible for the information contained therein.