Mr. Bruno Dumais reports

NIO STRATEGIC METALS ANNOUNCES UPDATES ON ITS NON-BROKERED PRIVATE PLACEMENT

Nio Strategic Metals Inc. has provided updates regarding its non-brokered private placement announced in a news release dated Jan. 29, 2026.

On Jan. 29, 2026, the corporation announced a proposed private placement of up to 27,002,255 common shares of the corporation at a price of 15.5 cents per common share for gross proceeds of up to $4,185,350.

Due to demand and following the receipt of a conditional approval from the TSX Venture Exchange, the corporation expects the private placement to be oversubscribed and potentially issue an additional 5,255,810 common shares. The private placement would therefore consider the issuance of up to 32,258,065 common shares of the corporation at a price of 15.5 cents per common share for gross proceeds of up to $5-million.

The closing of the transaction remains subject to customary closing conditions and is expected to be completed in February, 2026. The common shares issued in connection with the private placement will be subject to a four-month hold period, in accordance with applicable securities laws.

There can be no guarantee that the private placement will be completed on the terms outlined above or at all. The completion of the private placement will be subject to further closing conditions, including compliance with all applicable TSX-V policies or requirements.

About Nio Strategic Metals Inc.

Nio Strategic Metals is an exploration and development company, with a focus on becoming a ferroniobium producer. The corporation holds niobium properties located in Oka and near Mont-Laurier and another exploration property in the province of Quebec.

We seek Safe Harbor.