Mr. Bruno Dumais reports

NIO STRATEGIC METALS ANNOUNCES AN UPDATE ON ITS NON-BROKERED PRIVATE PLACEMENT

Nio Strategic Metals Inc. is providing updates regarding its non-brokered private placement of 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.

On Feb. 3, 2026, the corporation announced it expected the private placement to be oversubscribed and potentially issue an additional 5,255,810 common shares.

The corporation has received an overwhelmingly larger-than-expected response to the offering and will be raising up to an additional $350,000 to close in the coming week. The private placement would therefore consider the issuance of up to 34,516,129 common shares of the corporation at a price of 15.5 cents per common share for gross proceeds of up to $5.35-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.

The completion of the private placement will be subject to further closing conditions, including compliance with all applicable TSX Venture Exchange 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 Quebec.

We seek Safe Harbor.