On November 12, 2025, NexMetals Mining Corp. has filed a short form prospectus to qualify the distribution of 14,035,100 units at $5.70 per unit, targeting total gross proceeds of up to $80,000,070. Each unit comprises one common share and one common share purchase warrant. Each warrant entitles the holder to acquire one additional common share at an exercise price of $8.00 for 24 months following the closing date. The warrants will be issued under a warrant indenture with Computershare Trust Company of Canada as warrant agent.

The offering is being conducted on a best-efforts agency basis pursuant to an agency agreement among NexMetals, SCP Resource Finance LP (acting as sole bookrunner), Raymond James Ltd., and Cormark Securities Inc. as agents. The offering price and terms were determined through arm’s length negotiation with reference to the prevailing market price of NexMetals’ common shares.

Legal advisors for the transaction include DuMoulin Black LLP for Canadian legal matters, Thorsteinssons LLP for Canadian tax matters, and Haynes and Boone, LLP for U.S. legal matters on behalf of the corporation. Miller Thomson LLP and Troutman Pepper Locke LLP are acting as Canadian and U.S. legal counsel, respectively, for the agents.